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OT |

English Edition

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.

Kaspersky: 6 in 10 Concerned About Digital Legacy of the Deceased
English Edition |

Kaspersky: 6 in 10 Concerned About Digital Legacy of the Deceased

As more and more people interact online and their digital footprints expand, concern over privacy, legacy and the ethical use of these digital identities become more prominent.

Bloomberg: Six-Day Work Week in Greece is No Myth
English Edition |

Bloomberg: Six-Day Work Week in Greece is No Myth

Economist Penelopi Goldberg concludes that Greece striving to be Europe’s Economic haven has resorted to an ‘extreme measure’: extracting more hours from the existing workforce.

Greek Health Ministry to Examine Medical Visa Proposal
English Edition |

Greek Health Ministry to Examine Medical Visa Proposal

Greece hopes to enrich its tourism offering by adding a medical visa for short-term healthcare-related visits

ELSTAT: New Construction Permits Down 19.6% in May
English Edition |

ELSTAT: New Construction Permits Down 19.6% in May

The Total Building Activity (private and public) in Greece, in May 2024, based on the issued building permits, amounted to 2,065

Oil Spill Risk Looms After Houthi Attack on Greek Tanker Sounion
English Edition |

Oil Spill Risk Looms After Houthi Attack on Greek Tanker Sounion

The "Sounion" is the third ship owned by the Athens-based Delta Tankers that was attacked this month by the terrorist rebels in the Red Sea

IMF Report: Dip in Greek Public Debt to 138.8% by 2029
English Edition |

IMF Report: Dip in Greek Public Debt to 138.8% by 2029

An IMF report cites a 30-percentage-point decrease in the GDP-to-debt ratio due to continued economic growth, inflation and a 2018 debt relief agreement

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