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OT |

English Edition

Greek State to Reopen 3.875% Bond on Wed.
English Edition |

Greek State to Reopen 3.875% Bond on Wed.

Bond of 3.875% is set to mature on March 12, 2029

Critical Week for Greece-Cyprus Cable
English Edition |

Critical Week for Greece-Cyprus Cable

The study concluded that the social benefits of the interconnection, totaling 8 billion euros, far outweigh its 1.9 billion euros construction cost, resulting in a net social benefit exceeding 6 billion euros.

Roberta Metsola Re-elected President of European Parliament
English Edition |

Roberta Metsola Re-elected President of European Parliament

Her second term will be for a period of two and a half years

ELSTAT: 1.5% Increase in Business Turnover in May 2024
English Edition |

ELSTAT: 1.5% Increase in Business Turnover in May 2024

The most significant increase in turnover in May 2024 compared with May 2023 was recorded from the enterprises of the Accommodation and Food Service Activities, sector which grew by 14.8%.

Cosco: Container Traffic Decline at Piraeus Port Continues
English Edition |

Cosco: Container Traffic Decline at Piraeus Port Continues

This strategic shift has diminished Piraeus's standing as a prominent Mediterranean port and a key transshipment hub post-Suez Canal.

Gov’t Eyes Return of Power Subsidies Amid Spike in Rates
English Edition |

Gov’t Eyes Return of Power Subsidies Amid Spike in Rates

According to reports, the government will resume an electricity subsidization program, given that forecasts cite disruptions – i.e. higher rates

ELSTAT: 6.3% Increase in Output Price Index for Agriculture and Livestock
English Edition |

ELSTAT: 6.3% Increase in Output Price Index for Agriculture and Livestock

The 6.3% rise in May 2024 is largely driven by an 8.8% increase in the crop output group, particularly due to changes in olive oil prices, and a 0.5% increase in the animal output group.

Balkans Blackout Highlights Climate Threats to Power Grids
English Edition |

Balkans Blackout Highlights Climate Threats to Power Grids

The surge in electricity demand during the heat wave and the power deficit in Balkan markets have driven up prices in the Greek wholesale electricity market.

Greece in Top 4 Destinations Favored by European Tourists
English Edition |

Greece in Top 4 Destinations Favored by European Tourists

Greece was selected by 5.9% of respondents who were asked where they would vacation this year, up from 5.4% in the same survey last year

Scope Affirms Greece’s BBB- Ratings; Revises Outlook to Positive
English Edition |

Scope Affirms Greece’s BBB- Ratings; Revises Outlook to Positive

The international ratings firm raised Greece to investment grade in early August 2023

First Seaplane Test Flights to Skopelos, Alonissos, Skyros
English Edition |

First Seaplane Test Flights to Skopelos, Alonissos, Skyros

After decades of on-again, off-again efforts to schedule regular seaplane routes to Greece's numerous island and coastal destinations the prospect now appears within sight

ELSTAT- Overall Import Price Index for May 2024 up 2.8% y-o-y
English Edition |

ELSTAT- Overall Import Price Index for May 2024 up 2.8% y-o-y

The same price index had decreased 20.8% from May 2022 to May 2023

Over 7 in 10 Employees Feel Their Contributions Are Not Appreciated
English Edition |

Over 7 in 10 Employees Feel Their Contributions Are Not Appreciated

Specifically, the option "Subjective opinions are prioritized over objective data" ranked highest in importance for young employees, with a score of 3.89 out of 4

OECD: Job Vacancies on the Rise in Greece
English Edition |

OECD: Job Vacancies on the Rise in Greece

By the fourth quarter of 2023, job vacancies per unemployed person had risen by more than 4, with the index reaching 446 units compared to 100 units in late 2019

OTE Group: FTTH Program Advancing in Semi-Urban and Rural Areas of Greece
English Edition |

OTE Group: FTTH Program Advancing in Semi-Urban and Rural Areas of Greece

This initiative will provide ultra-fast internet speeds of up to 1Gbps to over 350,000 households and businesses in semi-urban and rural areas across the country

DESFA: Domestic Natural Gas Consumption Up 29.76% in 1st Half of 2024
English Edition |

DESFA: Domestic Natural Gas Consumption Up 29.76% in 1st Half of 2024

However, overall demand for natural gas saw a slight decline of 7.14%, primarily due to reduced exports

ELSTAT: Greek Merchant Fleet Tonnage Falls 3.5% y-o-y in May 2024
English Edition |

ELSTAT: Greek Merchant Fleet Tonnage Falls 3.5% y-o-y in May 2024

The drop in gross tonnage is for vessels 100 GRT and over, and is a continuation of the overall downward trend since January 2022

Real Estate Trends: Greek Buyers Prefer Smaller Properties
English Edition |

Real Estate Trends: Greek Buyers Prefer Smaller Properties

Specifically, in the nationwide survey, 24.9% of buyers opted for properties between 51 and 75 square meters, while 24.7% chose smaller properties up to 50 square meters

Greece’s Affordable Airbnb Spots and High-Price Peaks
English Edition |

Greece’s Affordable Airbnb Spots and High-Price Peaks

According to AirDNA, Mykonos is among the destinations propelling Greece into the upper echelons of Europe's most expensive countries for Airbnb stays.

Athens to Lift Traffic Ring Restrictions for Summer Season
English Edition |

Athens to Lift Traffic Ring Restrictions for Summer Season

The traffic ring restrictions will end on July 19, at 3 p.m., allowing all vehicles unrestricted access to the city center until mid-October

Sector Official: State Will Earn More than 1 Bln€ from Short-Term Rentals in 2024
English Edition |

Sector Official: State Will Earn More than 1 Bln€ from Short-Term Rentals in 2024

Short-term rentals have sparked debate within Greek society due to their perceived benefits and disadvantages

Shipping: Why LNG is a More Sustainable Marine Fuel
English Edition |

Shipping: Why LNG is a More Sustainable Marine Fuel

Conclusions of a report by the Methane Abatement in Maritime Innovation Initiative (MAMII) after two years of activities

Wood & Co. Monitors Greece’s Economic Growth amid Natural Disaster Risks
English Edition |

Wood & Co. Monitors Greece’s Economic Growth amid Natural Disaster Risks

They estimate the current potential GDP growth around 3%, supported by robust private sector finances and a stable public sector budget, which helps keep borrowing costs in check

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