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OT |

English Edition

BoG: Private Deposits Down by 1.068bln Euros in Feb. 2024
English Edition |

BoG: Private Deposits Down by 1.068bln Euros in Feb. 2024

Corporate deposits decreased by 912 million euros, compared to a decrease of 3.167 billion euros in the previous month

Greeks’ Buying Power Second Lowest in the EU
English Edition |

Greeks’ Buying Power Second Lowest in the EU

Greeks’ purchasing power is under pressure, ranking 26th among 27 EU member states.

Greek FinMin Says Digital Work Card Tackling Undeclared Work
English Edition |

Greek FinMin Says Digital Work Card Tackling Undeclared Work

Greece's recently launched digital work card aimed at tackling undeclared labor has already started to produce results, said Economy and Finance Minister Kostis Hatzidakis

MSC Cruises: More than 400 Visits to Nine Greek Destinations
English Edition |

MSC Cruises: More than 400 Visits to Nine Greek Destinations

MSC Cruises, a subsidiary of international shipping line Mediterranean Shipping Company S.A, will be sailing to Greek ports as of this month, expanding operations in the region year-round

Eurostat: Greece Among Cheaper Hourly Labor Cost Zones
English Edition |

Eurostat: Greece Among Cheaper Hourly Labor Cost Zones

In contrast, the countries that posted the highest hourly labor costs are Luxembourg (53.9 euros), Norway (51.9 euros), Iceland

GSEVEE: Economic Sentiment Indicator in Greece Down in Q2 2023
English Edition |

GSEVEE: Economic Sentiment Indicator in Greece Down in Q2 2023

The drop follows a significant uptick in the ESI in the second half of 2022 (69.5 units) and a slight decline in the first half of 2023 (66.7 units)

Manpower Report: Sectors in Greece that Have Achieved Full Gender Equality in the Workplace
English Edition |

Manpower Report: Sectors in Greece that Have Achieved Full Gender Equality in the Workplace

Greece surpasses this with 45%, showcasing progress but also room for improvement. Sectors like Consumer Goods and Services lead with 69% reporting full equality globally

Bank of America (BofA): Three Reasons Greek Economy Outperforms EC Average
English Edition |

Bank of America (BofA): Three Reasons Greek Economy Outperforms EC Average

BofA projects growth of 1.1% in 2024 and 1.7% in 2025, compared to forecasts for eurozone growth at 0.4%/1.1%, respectively

UniCredit: Greece’s Economy Set to Regain Momentum
English Edition |

UniCredit: Greece’s Economy Set to Regain Momentum

This projection is based on the understanding that certain factors that hindered growth in the latter part of the preceding year, such as flood-related agricultural losses, abrupt adjustments in housing investments, and postponed public projects, were temporary setbacks

Council of the EU Adopts Environmental Crime Law
English Edition |

Council of the EU Adopts Environmental Crime Law

The law aims to improve the investigation and prosecution of environmental crime, to define new types of criminal offenses, and to harmonize penalties to individuals and legal persons

Banks: Changes in Transactions Due to Catholic Easter
English Edition |

Banks: Changes in Transactions Due to Catholic Easter

In terms of financial obligations, those expiring on March 29 must be settled by March 28. Deposits made after March 28 will reflect in records starting from April 2. These alterations extend to payroll as well

EUROSTAT: Greece 2nd Place for Number of Asylum Apps in 2023
English Edition |

EUROSTAT: Greece 2nd Place for Number of Asylum Apps in 2023

Approximately 1,048,900 non-EU citizens made first-time asylum applications for international protection in the EU, which was 20% higher than 2022

Greek State Budget Execution for Jan-Feb 2024 Period Posts 1.43 bln€ Surplus
English Edition |

Greek State Budget Execution for Jan-Feb 2024 Period Posts 1.43 bln€ Surplus

For the January-February 2024 period, state budget net revenues totaled 12.648 billion euros

PASOK Leader Androulakis Tables No-Confidence Motion
English Edition |

PASOK Leader Androulakis Tables No-Confidence Motion

Parliament debate expected to commence on Wednesday and conclude the next day

Bank of Greece: Tourism Revenues Up by 27.1% in Jan. 2024
English Edition |

Bank of Greece: Tourism Revenues Up by 27.1% in Jan. 2024

This reflects a surplus of 112.6 million euros in January 2024 for the tourism balance, compared to a surplus of 54.6 million euros in the same month of 2023

Eurostat: Greece 2nd Last in GDP per Capita in EU27
English Edition |

Eurostat: Greece 2nd Last in GDP per Capita in EU27

Only Bulgaria is in a worse position

Tax Authority: myAADE app Now Available for Mobile Devices
English Edition |

Tax Authority: myAADE app Now Available for Mobile Devices

Access to the application is done using Taxis codes, which are then stored, and subsequently, user verification is done either through Face ID or fingerprint, without the need for the user to enter their codes on Taxisnet each time they log in

Greek PM Mitsotakis at Economic Club of Canada: ‘Greece an Economic Powerhouse in Region’
English Edition |

Greek PM Mitsotakis at Economic Club of Canada: ‘Greece an Economic Powerhouse in Region’

Kyriakos Mitsotakis emphasized the opportunities opening up for investments in many sectors of the country as the government, through its business-friendly initiatives, managed to create an environment conducive to investments

Eurobarometer Survey: EU Citizens Optimistic about Economic Prospects and Quality of Life
English Edition |

Eurobarometer Survey: EU Citizens Optimistic about Economic Prospects and Quality of Life

The survey also indicates that the majority of Europeans (47%) maintain a positive perception of the EU, with 21% expressing negativity and 30% neutrality

Societe Generale: Greece and Italy Leading the Way in Debt Stabilization
English Edition |

Societe Generale: Greece and Italy Leading the Way in Debt Stabilization

Looking ahead, Societe Generale anticipates the European Central Bank to commence interest rate cuts starting in June, with quarterly reductions of 25 basis points (or totaling 75 basis points for the year)

Industry: Concerns of Further Shutdowns – How Can the Situation Be Turned Around?
English Edition |

Industry: Concerns of Further Shutdowns – How Can the Situation Be Turned Around?

Mathios stresses the need for a bold industrial development policy to achieve a 12% industry contribution to GDP

Corfu in Top 20 Best Value-For-Money Destination List for British Tourists in 2024
English Edition |

Corfu in Top 20 Best Value-For-Money Destination List for British Tourists in 2024

The report’s Worldwide Holiday Costs Barometer, published in the report, found prices for meals, drinks and other tourist items have fallen in 2024 compared to last year in 25 of the 40 resorts and cities surveyed

Bank of Greece: Property Prices Rise for 9th Quarter
English Edition |

Bank of Greece: Property Prices Rise for 9th Quarter

As the BoG reveals, from early 2018 until the end of 2023, average housing sales prices at the national level have increased by 60%.

USA, Russia, Turkey Send Messages for Greek Independence Day
English Edition |

USA, Russia, Turkey Send Messages for Greek Independence Day

NATO, France and Cyprus also sent messages

Motion of No Confidence Looms Over the ND Government After Tempi Audio Leak
English Edition |

Motion of No Confidence Looms Over the ND Government After Tempi Audio Leak

SYRIZA's leader took to social media to call on PM Kyriakos Mitsotakis to resign following the recent developments concerning the tragedy in Tempi and to lead the country to elections.

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