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English Edition

250mln euros for Pensioners from Windfall Tax on Refineries
English Edition |

250mln euros for Pensioners from Windfall Tax on Refineries

Greek PM Kyriakos Mitsotakis affirmed the distribution of the money in an interview with Athens-based radio station Real PM, calling the move a “fair and ethically justified” policy

Masdar to Acquire Majority Stake in Greece’s TERNA ENERGY
English Edition |

Masdar to Acquire Majority Stake in Greece’s TERNA ENERGY

The 3.2billion euro deal is the largest energy transaction on the Athens Stock Exchange and one of the largest in the European renewables market

Greek Islands – Where Foreigners Buy Homes
English Edition |

Greek Islands – Where Foreigners Buy Homes

The Cycladic Island of Mykonos and the Ionian Island of Paxos were the priciest destinations to buy a home in May 2024

Energy – Motor Oil Strategic Partnership with PPC on Green Hydrogen
English Edition |

Energy – Motor Oil Strategic Partnership with PPC on Green Hydrogen

The company approved a record 199.4-million-euro dividend distribution to its shareholders, or 1.80 euros per share, in a general meeting to be paid out on Wednesday, July 3rd.

Cost of Bottled Water in Greece to Go Up on July 1
English Edition |

Cost of Bottled Water in Greece to Go Up on July 1

Greeks are paying more for basic goods such as water as inflationary pressures send the cost of living skyward.

Summer Vacation Scams: How to Protect Yourself
English Edition |

Summer Vacation Scams: How to Protect Yourself

One in 33 new domains related to summer vacations, registered in May, was found to be malicious or suspicious

Greek State to Reopen 10-year bond issue on Wed.
English Edition |

Greek State to Reopen 10-year bond issue on Wed.

Bond carries a fixed rate of 3.375%, and with maturity date of June 15, 2034.

Spyros Theodoropoulos Expected to be Next Hellenic Federation of Enterprises (SEV) President
English Edition |

Spyros Theodoropoulos Expected to be Next Hellenic Federation of Enterprises (SEV) President

SEV represents Greece’s major industrial and manufacturing sector and comprises the most prominent employers’ group

Greece Competitiveness up 2 Spot in 2024 IMD Ranking
English Edition |

Greece Competitiveness up 2 Spot in 2024 IMD Ranking

Singapore is the most competitive economy out of 67 across the world’s eight major regions.

Foreign Demand for Holiday Homes Surges in Greece
English Edition |

Foreign Demand for Holiday Homes Surges in Greece

In the Ionian Islands, construction activity not only saw a 58.2% increase but also experienced a 31.3% rise in the number of building permits and a 50.2% increase in area under construction.

JP Morgan Affirms Confidence in Greek Bonds, Economy Steady
English Edition |

JP Morgan Affirms Confidence in Greek Bonds, Economy Steady

JP Morgan's economic forecasts for Greece remain steady, projecting growth of 2.2% for the year alongside inflation at 2.8%.

Eurostat – Greek Inflation at 2.4% in May
English Edition |

Eurostat – Greek Inflation at 2.4% in May

A year earlier, the rate was 6.1%. European Union's annual inflation was 2.7% in May 2024, up from 2.6% in April. A year earlier, the rate was 7.1%

Greece’s Massive Interconnector Projects Attract Int’l Investors
English Edition |

Greece’s Massive Interconnector Projects Attract Int’l Investors

One notable project, called the Great Sea Interconnector, aims to link Greece, Cyprus and Israel via underwater electrical cables

Tax Revenues in Greece Significantly Up between January, May 2024
English Edition |

Tax Revenues in Greece Significantly Up between January, May 2024

National economy ministry said tax revenues reached 24.827 billion euros over the first five-month period of the year

Meridiam Eyes Entry into Great Sea Interconnector Project
English Edition |

Meridiam Eyes Entry into Great Sea Interconnector Project

MoC between Meridiam fund and Independent Power Transmission Operator involves undersea cable project connecting the grids of Israel, Cyprus and Greece

Travel Weekly: Astypalaia Tops List of Unconventional Greek Islands
English Edition |

Travel Weekly: Astypalaia Tops List of Unconventional Greek Islands

"Astypalaia is evolving into a sustainable destination, unique on a global scale. The response from travelers to these changes has been remarkable. We anticipate a very promising tourist season," stated the Deputy Mayor of Astypalaia, Kostas Kampylis.

Work Week – Greek 6-Day Week Starts in July – Some EU Countries Go for 4 Days
English Edition |

Work Week – Greek 6-Day Week Starts in July – Some EU Countries Go for 4 Days

German publication FAZ highlights the low wage rates in the country, despite Greeks working more hours compared to other EU member-states

Greek Government to Launch Economic Package to Address Housing and Tax Issues
English Edition |

Greek Government to Launch Economic Package to Address Housing and Tax Issues

The government plans to advance institutional reforms, particularly to tackle the housing shortage, and will review adjustments aimed at rectifying tax burdens on self-employed professionals

Holidays Show Decline in Greek Travel Abroad
English Edition |

Holidays Show Decline in Greek Travel Abroad

Additionally, there has been a shift from Balkan destinations to traditional European hotspots like the United Kingdom, Germany, France, Italy, and the Netherlands.

Transport Min. Adds 250 ‘Green’ Buses to Athens, Thessaloniki Fleets
English Edition |

Transport Min. Adds 250 ‘Green’ Buses to Athens, Thessaloniki Fleets

Transport Minister Christos Staikouras noted that the long term goal is to replace at least 1,300 outdated buses with new, low-emission vehicles by 2027

Cruise Lines Agree to Visitor Quota, Question ‘Tourist Tax’
English Edition |

Cruise Lines Agree to Visitor Quota, Question ‘Tourist Tax’

PM Mitsotakis announced to Bloomberg on Friday that Greece will impose restrictions on cruise ships visiting popular islands, to combat over-tourism

New Cabinet after Reshuffle Convenes Saturday
English Edition |

New Cabinet after Reshuffle Convenes Saturday

Prime Minister Mitsotakis called for a period of "comprehensive rebooting" and outlined salary increases, changes in the health and education sectors and the fight against inflation as the government's four priorities

Bloomberg: Greece to Restrict Cruise Ships on Popular Islands
English Edition |

Bloomberg: Greece to Restrict Cruise Ships on Popular Islands

Furthermore, Mitsotakis specifically noted pressure on Greece's popular destinations, such as Santorini in the Cyclades.

Eurostat: Greece Ranks High in EU Job Vacancy Rates
English Edition |

Eurostat: Greece Ranks High in EU Job Vacancy Rates

Greece registered the highest uptick in in the metric compared to the respective period last year

Tourism: Over 4,000 UK Flights to Greece in June
English Edition |

Tourism: Over 4,000 UK Flights to Greece in June

Citing Cirium figures, UK-based travel website travelweekly.co.uk reports that over 4,000 flights are scheduled to operate from UK airports to Greece in June 2024

ELSTAT: Industrial Import Price Index Up by 2% in April 2024 in Greece
English Edition |

ELSTAT: Industrial Import Price Index Up by 2% in April 2024 in Greece

Meanwhile, the Production Index in Construction (IPC) in the 1st quarter of 2024 recorded an increase of 5.0%

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Jaguar: Αλλάζει το εμβληματικό της λογότυπο
Η Jaguar αλλάζει το εμβληματικό της λογότυπο «Επιμένει» ανοδικά ο χρυσός Η θυγατρική της JPMorgan, Chase UK, λανσάρει πιστωτικές κάρτες στην Βρετανία Δύο ταχυτήτων σήμερα η Wall Street: Άλμα για τον Dow- Άδύναμος ο Nasdaq
Φυσικό αέριο: Καλπάζουν οι τιμές – «Βλέπει» τα 50 δολάρια το TTF
Καλπάζουν οι τιμές στο φυσικό αέριο - «Βλέπει» τα 50 δολάρια το TTF Γιατί τα υποθαλάσσια καλώδια είναι «πειρασμός» για τους σαμποτέρ Ντανιέλα Καβάλο: Το πρόσωπο - κλειδί στις διαπραγματεύσεις για τις απολύσεις στη Volkswagen  Θα μπουν οι ΗΠΑ στο στόχαστρο των εκδικητών ομολόγων;
Target: Η μεγαλύτερη απώλεια κερδών σε δύο χρόνια – Μειώνει το guidance
Η μεγαλύτερη απώλεια κερδών σε δύο χρόνια για την Target - Μειώνει το guidance Τον Ιανουάριο ξεκινούν οι γεωτρήσεις από την ExxonMobil στην Κύπρο - Οι νέοι στόχοι Φοροελαφρύνσεις ως το 2027 στη μεσαία τάξη - Τι είπε ο Μητσοτάκης Πούτιν: Ο πόλεμος στην Ουκρανία μετατρέπεται σε παγκόσμιο
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Δύσκολο Σάββατο θα έχει ο Μητσοτάκης, τα αυτογκόλ της κυβέρνησης, μεγαλώνει η οργή στην αγορά, το σήμα της Βιομηχανίας, επιδόσεις από τα… Lidl, η «μονοκαλλιέργεια» της Ελλάκτωρ…

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