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OT |

English Edition

Blast on Airplane in Crete Delays Departure
English Edition |

Blast on Airplane in Crete Delays Departure

The explosion was likely caused by an electronic cigarette and a power bank in a handbag left by a passenger in her seat

Andros – A ‘Hidden Paradise” Worth Exploring
English Edition |

Andros – A ‘Hidden Paradise” Worth Exploring

German site introduces its readers to the second-largest Greek island of the Cycladic cluster, lauding its idyllic beaches, and exceptional local cuisine

Govt Announces More Regulations For Short-Term Rentals
English Edition |

Govt Announces More Regulations For Short-Term Rentals

This legislation will impose new obligations on property owners offering AirBnB-like leasing, mostly conditions related to health, safety and operational guidelines

Ellinikon: Major Real Estate Investment By Prokopiou Family
English Edition |

Ellinikon: Major Real Estate Investment By Prokopiou Family

Lamda Development cited a consideration of 150mln€ for the land transaction with a Prokopiou -owned company, with a total investment billed at half a billion

Commission Pres. Unveils New EU Lineup, Tzitzikostas among Appointees
English Edition |

Commission Pres. Unveils New EU Lineup, Tzitzikostas among Appointees

Additionally, she pointed out the gender balance in her team, with 11 women making up 40% of the European Commissioners, though she remarked that when the initial nominations were submitted, the figure stood at just 22%.

Greece Launches Startup Visa to Boost Foreign Investment and Tech Talent
English Edition |

Greece Launches Startup Visa to Boost Foreign Investment and Tech Talent

The program is anticipated to attract investors as the investment required for the Startup Visa is significantly lower, compared to the 400,000 euros necessary for the acquisition of the Golden Visa.

Greek Economy Expands 2.3%, Boosting Growth Outlook Through 2028
English Edition |

Greek Economy Expands 2.3%, Boosting Growth Outlook Through 2028

For 2024, the growth rate of the Greek economy is now expected to reach 2.14%, up from the previous estimate of 2.09%

Greece Introduces Cruise Passenger Levy, Tightens Rules on Short-Term Rentals
English Edition |

Greece Introduces Cruise Passenger Levy, Tightens Rules on Short-Term Rentals

Specifically, the minister announced a cruise passenger levy of 20 euros per person disembarking at the ports of Mykonos and Santorini, and 5 euros at other Greek ports, applicable from June 1 to Sept. 30

Cyprus Set to Decide on GSI Energy Interconnection Project
English Edition |

Cyprus Set to Decide on GSI Energy Interconnection Project

The Cypriot cabinet is set to decide on the agreement tomorrow, with President Christodoulides expected to convey the positive decision to Greek Prime Minister Kyriakos Mitsotakis during his visit to Athens on Thursday, September 19.

Bank of Greece: Apartment Rents Continue to Rise
English Edition |

Bank of Greece: Apartment Rents Continue to Rise

The central bank reported that, on the whole, apartment rentals rose at an annual rate of 13.8% in 2023, compared to 11.9% in 2022.

Greek Government Weighs Freeze on Property Tax Values to Tackle Housing Crisis
English Edition |

Greek Government Weighs Freeze on Property Tax Values to Tackle Housing Crisis

Another increase in tax values to match current market levels would likely trigger a further spike in real estate prices, exacerbating the already severe housing problem.

European Governments Sell Bank Shares, Recovering a Fraction of Bailout Funds
English Edition |

European Governments Sell Bank Shares, Recovering a Fraction of Bailout Funds

The Greek government, as noted by the Financial Times, provided 50 billion euros to the country’s four largest banks during its prolonged debt crisis

Societe Generale (SoGen) ‘Bullish’ on European Periphery Markets
English Edition |

Societe Generale (SoGen) ‘Bullish’ on European Periphery Markets

The French firm says Portugal, Italy, Ireland, Greece, and Spain are good options for investors due to economic growth and political stability

Sounion Tanker Salvage Operation Underway in Yemen
English Edition |

Sounion Tanker Salvage Operation Underway in Yemen

Earlier this morning, the Greek rescue vessel arrived on the site, accompanied by strong military forces, including three frigates, helicopters, and a special forces unit

Moody’s Retains Ba1 Rating For Greece; Outlook Positive
English Edition |

Moody’s Retains Ba1 Rating For Greece; Outlook Positive

Moody’s is the last of the major credit rating firms not to have upgraded the Greek economy to 'investment grade', retaining the Ba1 rating - a notch below

Greek Businesses Posted a 12.7% Increase in Turnover Last July
English Edition |

Greek Businesses Posted a 12.7% Increase in Turnover Last July

The data concerns companies maintaining double-entry bookkeeping, and for which monthly data are available.

Prime Minister Mitsotakis Urges EU to Tackle Energy Crisis as Prices Surge
English Edition |

Prime Minister Mitsotakis Urges EU to Tackle Energy Crisis as Prices Surge

"Something is not working properly. I don’t expect immediate solutions, but at least someone should address this."

Fraport Greece Airports See 6.4% Rise in Passenger Traffic
English Edition |

Fraport Greece Airports See 6.4% Rise in Passenger Traffic

Conversely, among the popular island destinations, Mykonos was the only airport to report a decline,

Athenians Among Least Satisfied in Europe Regarding Salary
English Edition |

Athenians Among Least Satisfied in Europe Regarding Salary

In contrast to Athenians, people working in Berlin have an average annual gross salary package ranging between €40-000 and €60,000, with a gross salary between €64-70,000 considered good.

Greece Signs 25-Year Concession Deal for Attiki Odos with GEK TERNA
English Edition |

Greece Signs 25-Year Concession Deal for Attiki Odos with GEK TERNA

Additionally, the agreement includes further investments and expenditures for upgrades and modernization, totaling 380 million euros over the duration of the concession.

Greek Pensioners Struggle as Taxes and Deductions Outpace Modest Pension Increases
English Edition |

Greek Pensioners Struggle as Taxes and Deductions Outpace Modest Pension Increases

More specifically, around 400,000 pensioners pay a double and arguably unfair tax through the solidarity contribution, which, due to its fiscal cost, will not be restructured.

Volkswagen’s Astypalaia Experiment, A ‘Smart Island’ Success
English Edition |

Volkswagen’s Astypalaia Experiment, A ‘Smart Island’ Success

Alternative mobility options were also offered for permanent residents and tourists which included buses with zero-emissions, car-sharing and electric scooters that could be selected via an app

JP Morgan ‘Neutral’ on Greek Stocks
English Edition |

JP Morgan ‘Neutral’ on Greek Stocks

The US-based multinational finance company, however, stresses that Greek banks remain slightly undervalued compared to the emerging markets and European sectors

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