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OT |

English Edition

Golden Visas: New Rules Being Debated in Greek Parliament
English Edition |

Golden Visas: New Rules Being Debated in Greek Parliament

The amendment aims to ensure the availability of affordable housing and to close loopholes that enabled third-country nationals to exploit golden visas for financial gain

Greece Exports Olive Oil Worth $100mln to US
English Edition |

Greece Exports Olive Oil Worth $100mln to US

In 2023, Greece represented approximately 4.7% of U.S olive oil imports (up from 3.3% in 2022), holding the 5th position in the market

ECB Gov. Council’s Stournaras: 4 Rate Cuts Possible This Year
English Edition |

ECB Gov. Council’s Stournaras: 4 Rate Cuts Possible This Year

Greece's central banker also said high market prices in the country bely a problem with competitiveness

Jobless Figure in Greece for Feb. 2024 Drops to 11%
English Edition |

Jobless Figure in Greece for Feb. 2024 Drops to 11%

Downward unemployment trend continues in east Mediterranean country

Fitch Revises Greek GDP Forecast to 2.4% in 2024 from 1.6%
English Edition |

Fitch Revises Greek GDP Forecast to 2.4% in 2024 from 1.6%

The increase in private consumption accelerated faster than anticipated, rising by 1.4% quarterly in the last quarter of 2023, while exports also provided an upward surprise, recording a 0.4% increase

Greek Parliamentary Budget Office Warns GDP Could Drop by 1.2% Over 3 year Period Due to Wage Rises
English Edition |

Greek Parliamentary Budget Office Warns GDP Could Drop by 1.2% Over 3 year Period Due to Wage Rises

The analysis warns that higher inflation compared to key trading partners due to excessive wage increases would harm the country's international competitiveness

Greek Tourism: Hotel, Airbnb Occupancy Rates Surge
English Edition |

Greek Tourism: Hotel, Airbnb Occupancy Rates Surge

According to the Greek Tourism Confederation (SETE), the average hotel occupancy rates in the country witnessed a new uptick in January and February this year compared to last year

Dust from the Sahara Desert Overtakes Europe, Africa and Asia
English Edition |

Dust from the Sahara Desert Overtakes Europe, Africa and Asia

The National Observatory of Athens shows it has covered half of Europe and PM10 levels in Greece were at dangerous levels last week for three days

April 1: New Tolls, Fines, Minimum Wage, Quiet Hours in Greece
English Edition |

April 1: New Tolls, Fines, Minimum Wage, Quiet Hours in Greece

From today April 1 people will pay higher tolls on Egnatia Motorway, businesses without POS machines will be fined, and Greece transitions into the summer "quiet hours" schedule

Tripoli Transforming into European Medicine Hub
English Edition |

Tripoli Transforming into European Medicine Hub

With a combined investment of approximately 180 million euros, these ventures are expected to generate over 1,000 highly skilled and well-compensated positions.

Greece Welcomes Inclusion of Bulgaria, Romania Into Schengen Zone
English Edition |

Greece Welcomes Inclusion of Bulgaria, Romania Into Schengen Zone

At the same time, a standing veto by the Austrian government means the new borderless travel will not immediately apply for land routes

Meteo: Winter of 2023-24 Hottest on Record for Greece
English Edition |

Meteo: Winter of 2023-24 Hottest on Record for Greece

February 2024 was the hottest over the past 15 years in northern Greece, according to meteo.gr, a subsidiary of the National Observatory of Athens

Speedboat Loaded With Irregular Migrants Intercepted Off Chios
English Edition |

Speedboat Loaded With Irregular Migrants Intercepted Off Chios

An investigation is continuing

PM Mitsotakis: Opposition Exploited Pain, Anger of Tempi Victims’ Families in Attempt to Topple Govt
English Edition |

PM Mitsotakis: Opposition Exploited Pain, Anger of Tempi Victims’ Families in Attempt to Topple Govt

He spoke during his regular weekly briefing on the government’s work, which is aired on Sundays

Intl Zero Waste Day 2024: Where Greece Ranks and Silver Linings
English Edition |

Intl Zero Waste Day 2024: Where Greece Ranks and Silver Linings

While Greece's municipal waste production rates come in at around the EU average, the country is at the bottom of the EU-27 for recycling rates

Rhodes: Value of Voucher Promised to Tourists After 2023 Fires Disappoints
English Edition |

Rhodes: Value of Voucher Promised to Tourists After 2023 Fires Disappoints

The value of the voucher announced by the government is much less than the market had hoped for.

ELSTAT: Private Building Permits in December 2023 up 7.2%
English Edition |

ELSTAT: Private Building Permits in December 2023 up 7.2%

The ELSTAT survey on private building data covers permits, types of construction, type and characteristics of the building and its auxiliary spaces, and building usage, surface, volume and data

Piraeus Port Authority Reports Record-Setting Results in 2023
English Edition |

Piraeus Port Authority Reports Record-Setting Results in 2023

The Piraeus Port Authority (PPA) on Friday released 2023 results, which showed revenue and profits reaching record levels during the year, while passenger traffic emanating from both cruises and coastal shipping were also higher, year-to-year. Specifically, the Cosco-controlled and majority owned PPA said revenues reached 219.8 million euros, up 12.9% from 2022 (194.6 million euros). […]

ELSTAT: Production Prices Drop by 4.3% in February
English Edition |

ELSTAT: Production Prices Drop by 4.3% in February

The General index also decreased by 9.3% between March 2023 and February 2024, compared to the 30.4% increase recorded during the previous twelve month period (March 2022-February 2023).

Fines for Greek Businesses without POS Systems from April 1
English Edition |

Fines for Greek Businesses without POS Systems from April 1

The measure impacts 110,000 businesses and professionals ranging from taxis and vendors at farmers' markets

Daylight Savings Time to Kick In on Sunday
English Edition |

Daylight Savings Time to Kick In on Sunday

Get ready to lose some sleep, because Daylight Savings Time is set to kick in in the wee hours on Sunday, fast forwarding the clock from 3 am to 4 am.

TUI Says Q1 Demand for Greece up 30% from 2023
English Edition |

TUI Says Q1 Demand for Greece up 30% from 2023

The CEO Sebastian Ebel was in Greece for an event of the Rhodes Co-lab Sustainable Destination initiative, a project of the South Aegean Region, TUI and the TUI Care Foundation

New Minimum Wage Increase to Take Effect April 1
English Edition |

New Minimum Wage Increase to Take Effect April 1

The government announced the fourth minimum wage increase during its tenure, exactly a year after its previous increase

ELSTAT: Greek Health Expenditures Reach €5.89 Billion in 2022
English Edition |

ELSTAT: Greek Health Expenditures Reach €5.89 Billion in 2022

Finally, healthcare financing as a percentage of GDP decreased to 8.5% in 2022 from 9.18% in 2021, as per the Health Accounts System report.

Sonoco Paper Mill Plants Close After 30 Years in Greece
English Edition |

Sonoco Paper Mill Plants Close After 30 Years in Greece

The shut down of the two paper mills in northern Greece comes a week after a glass plant closed in Athens

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