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OT |

English Edition

Aegean Airlines Enters into Strategic Partnership with Spanish Volotea
English Edition |

Aegean Airlines Enters into Strategic Partnership with Spanish Volotea

The deal will allow the two Mediterranean-based carrier partners to map out a course based on healthy finances amid an increasingly competitive industry in Europe

Greek Retailers Shift Focus to Black Friday after Summer Sales
English Edition |

Greek Retailers Shift Focus to Black Friday after Summer Sales

In recent years, the Black Friday craze has crossed Greek borders, with many consumers choosing to purchase their Christmas gifts well in advance, taking advantage of the discounts.

Greece Opens Path for Citizens to Legally Acquire Squatted Public Properties
English Edition |

Greece Opens Path for Citizens to Legally Acquire Squatted Public Properties

Citizens who submit a purchase application can pay the property price either in full or in 60, interest-free, equal monthly instalments, with a minimum instalment amount of 100 euros.

Greece Cracks Down on Uninsured Vehicles
English Edition |

Greece Cracks Down on Uninsured Vehicles

Furthermore, the owners of vehicles declared as immobilized but are found on the road are to be faced with stricter penalties and fines.

Alpha Bank Bond Issue Oversubscribed by 9.5 Times
English Edition |

Alpha Bank Bond Issue Oversubscribed by 9.5 Times

The AT1 issue was greeted with high demand by more some 250 international and domestic investors, with the amount offered reaching 2.9 billion euros

How Polluted is the Air in Athens Compared to Other EU Cities?
English Edition |

How Polluted is the Air in Athens Compared to Other EU Cities?

The cities are ranked from the cleanest to the most polluted based on average fine particulate matter (PM2.5) concentrations over the past two calendar years.

Salvage Operation for Stricken Tanker in Red Sea Suspended
English Edition |

Salvage Operation for Stricken Tanker in Red Sea Suspended

The crude oil-laden tanker Sounion was hit by Houthi rebel drones and missiles late last month. Crew safe

Greece Replaces Stamp Duty with New Digital Transaction Fee for 600 Transactions
English Edition |

Greece Replaces Stamp Duty with New Digital Transaction Fee for 600 Transactions

What is more, the newly established electronic tools will facilitate the audit work of the Independent Authority for Public Revenue (AADE) to curb tax evasion

UBS Maintained GDP Growth for Greece at 2.4%
English Edition |

UBS Maintained GDP Growth for Greece at 2.4%

In the section about Greece in its “Global Economics & Strategy” report, the firm highlights the primary fiscal surplus in the 2nd half of 2024 exceeded the €1.2 billion target set, reaching €2.9 billion

Rescue Operation Underway for Greek Oil Tanker Sounion after Houthi Attack
English Edition |

Rescue Operation Underway for Greek Oil Tanker Sounion after Houthi Attack

The oil tanker, carrying 150,000 of crude oil was repeatedly hit by Houthi terrorists on August 21, off the coast of Hodeidah, an area controlled by the rebels in the Red Sea.

Crete-Cyprus ‘Great Sea Interconnector’ Hangs in the Balance, as Talks at Impasse
English Edition |

Crete-Cyprus ‘Great Sea Interconnector’ Hangs in the Balance, as Talks at Impasse

Reports indicate that talks between the parties reached a dead end on Friday, with the Cypriot side failing to respond to French pressure to resolve outstanding issues (cost recovery, geopolitical risks)

Electricity Bills: Providers Announce September Rates
English Edition |

Electricity Bills: Providers Announce September Rates

Electricity bills for households with green tariffs are expected to fall as reported due to the subsidy which the Ministry of Environment and Energy will announce with prices ranging between 0.01 and 0.012 euros per KWh

Thessaly: PM Mitsotakis to Visit Flood-Stricken Areas on Monday, Protests Planned
English Edition |

Thessaly: PM Mitsotakis to Visit Flood-Stricken Areas on Monday, Protests Planned

Prime Minister Mitsotakis is scheduled to visit the greater region of Thessaly to view the recovery efforts, one year after hurricane Daniel. Farmers and flood victims will be waiting for him, however, to express their dissatisfaction

Mitsotakis Firms up TIF Agenda
English Edition |

Mitsotakis Firms up TIF Agenda

PM's agenda at the 88th Thessaloniki International Fair (TIF), taking place between Sept. 7-15, will focus on housing, a demographic crisis, public health and education

Greece’s Minimum Wage Set to Rise Again as 50% of Private Sector Workers Face Poverty
English Edition |

Greece’s Minimum Wage Set to Rise Again as 50% of Private Sector Workers Face Poverty

Plans to up Greece's minimum wage are driven by the fact that 7 out of 10 private sector employees are low wage earners and can't make ends meet, says TA NEA.

Greece’s Economy Awaits Moody’s Upgrade Rating
English Edition |

Greece’s Economy Awaits Moody’s Upgrade Rating

At present, Moody’s rates Greece at Ba1, one notch below investment grade, with a stable outlook for reassessment.

Athens Faces Water Crisis as Lake Mornos Levels Drop, Uncovering Sunken Village
English Edition |

Athens Faces Water Crisis as Lake Mornos Levels Drop, Uncovering Sunken Village

The 80 houses in the submerged village, along with their church and primary school, were "sacrificed" to provide water for Athens.

Air Travel: EU Tightens Hand Luggage and Liquid Rules
English Edition |

Air Travel: EU Tightens Hand Luggage and Liquid Rules

Passengers with babies or others with health issues may be allowed to carry formulas or medication with them though they are required to check with the airport beforehand.

Eurostat: Inflation Rate in Greece at 3.1% in Aug.
English Edition |

Eurostat: Inflation Rate in Greece at 3.1% in Aug.

Marginally up from 3.0% in July 2023, exceeds Euro Area average of 2.2%

Greece: Tax Obligations Taxpayers Must Settle
English Edition |

Greece: Tax Obligations Taxpayers Must Settle

Citizens can submit an amendment return for each year covered by retroactive payments via the myAADE digital portal.

ELSTAT: Unemployment at 9.9% in July 2024
English Edition |

ELSTAT: Unemployment at 9.9% in July 2024

The number of employed persons amounted to 4,229,548, up by 26,303 compared with July 2023 (0.6%) and down by 46,286 persons compared with June 2024 (-1.1%)

Greek SMEs Rank at Bottom of EU in Digital Intensity
English Edition |

Greek SMEs Rank at Bottom of EU in Digital Intensity

The small and medium-sized businesses in Greece (56.2%) are marked by extremely low digital intensity, only beating Bulgarian and Romanian enterprises

Airbnb Demand in Greece Drives H1 Increase in Beds
English Edition |

Airbnb Demand in Greece Drives H1 Increase in Beds

Nearly 1 million beds were available for short-term rental in July in Greece thanks to strong tourist flows.

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