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OT |

English Edition

Greek Retailers Remain Optimistic About Easter Shoppers’ Turnout
English Edition |

Greek Retailers Remain Optimistic About Easter Shoppers’ Turnout

While stores are expected to be open on Sunday, April 28, the majority of Easter shoppers will likely do their shopping during the Holy Week, following the deposit of Easter bonuses

Europeche: Greek Apricot Production Recovers
English Edition |

Europeche: Greek Apricot Production Recovers

Europeche forecasts the production will bounce back despite a slight decrease in varieties attributed to high winter temperatures

Bank of Greece (BoG): Business-Household Deposits Up 1,675bln in March 2024
English Edition |

Bank of Greece (BoG): Business-Household Deposits Up 1,675bln in March 2024

In March 2024, the monthly net flow of credit to the general government was negative by 469 million euros

FT: Greece’s Economic Rebound a Balance of Growth and Poverty
English Edition |

FT: Greece’s Economic Rebound a Balance of Growth and Poverty

Eurostat data revealed a significant 10.8% drop in Greek public debt relative to GDP in 2023, alongside a 2% economic expansion, outpacing Germany's performance.

Lavrio Port Authority Next Up for Privatization
English Edition |

Lavrio Port Authority Next Up for Privatization

A deadline for the submission of expressions of interest is May 14, 2024

Eurostat: Greece Records Largest Drop in Natural Gas Prices in 2nd Half of 2023
English Edition |

Eurostat: Greece Records Largest Drop in Natural Gas Prices in 2nd Half of 2023

The price of electricity and natural gas in Europe was down following a substantial surge that began before the Russian invasion of Ukraine and peaked in 2022

GEK TERNA Still Considers Leveraging Concessions Portfolio as Financial Tool
English Edition |

GEK TERNA Still Considers Leveraging Concessions Portfolio as Financial Tool

President and CEO of Gek Terna George Peristeris explained the company's plans on Tuesday on the sidelines of the inauguration of sections of Greece's E65 highway

NielsenIQ: 3% Supermarket Revenue Increase in Q1
English Edition |

NielsenIQ: 3% Supermarket Revenue Increase in Q1

Private label products are gaining traction, comprising 25.4% of shopping basket shares, up from 24.7%

Store Hours Change Today in Observation of Orthodox Easter
English Edition |

Store Hours Change Today in Observation of Orthodox Easter

The President of the Athens Chamber of Commerce hopes the Easter period will provide a much-needed boost to retail traffic in the capital

Athens-area Mass Transit Systems Set to Finally Install Contact-less Fare Payment
English Edition |

Athens-area Mass Transit Systems Set to Finally Install Contact-less Fare Payment

Paying fares via bank cards, smartphones and smartwatches in all mass transit systems in the Greek capital, namely, buses, trolleys, the metro and tram lines, is scheduled by the end of the year

Council of State Rejects Motion Against Thessaloniki Motorway Project
English Edition |

Council of State Rejects Motion Against Thessaloniki Motorway Project

The motion was filed earlier this month by three local citizens’ and environmental groups and generated a high court decision for a temporary stay in construction

Greek 30Y Bond Issue Oversubscribed by 11 Times
English Edition |

Greek 30Y Bond Issue Oversubscribed by 11 Times

Very high demand pushed down the coupon's interest rate to 4.125%

Athens Int’l Airport Wins Top Prize at Routes Europe Awards
English Edition |

Athens Int’l Airport Wins Top Prize at Routes Europe Awards

The Routes business is focused entirely on aviation route development and the company's portfolio includes events, media and online businesses

IOBE: Income Gap Between Poor and Wealthy Greeks Widens
English Edition |

IOBE: Income Gap Between Poor and Wealthy Greeks Widens

The findings in the analysis, entitled “Progressivity in Income Taxation in Greece, 2012-2021", paint a bleak picture for Greeks in the bottom half of the income bracket, warning that income inequality is growing

Study Finds 4 in 10 Greeks to Slash Easter Spending
English Edition |

Study Finds 4 in 10 Greeks to Slash Easter Spending

This year, hit by persistent inflation, many Greeks will be dishing out less on food, drink and gifts for Orthodox Easter on May 5

ELSTAT: Overnight Stays in Greece Up in Feb.
English Edition |

ELSTAT: Overnight Stays in Greece Up in Feb.

The provisional monthly data revealed that arrivals at tourist accommodations amounted to 773,104 and overnight stays were 1,677,685

Electric Energy: Greece’s New Sustainable Export
English Edition |

Electric Energy: Greece’s New Sustainable Export

Moreover, a surplus of generated electricity cannot be fully absorbed by domestic grids and this excess power finds eager buyers in the form of companies entering into Power Purchase Agreements (PPAs), willing to pay a premium for clean energy

IOBE Revises Greek GDP Growth Downward, to 2.1% For 2024
English Edition |

IOBE Revises Greek GDP Growth Downward, to 2.1% For 2024

Annual inflation is expected to reach 3%, up from the previous forecast of 2.8%

Last Sections of 136km E65 Highway Inaugurated on Tues.
English Edition |

Last Sections of 136km E65 Highway Inaugurated on Tues.

Athens to Karditsa drive time is expected to drop to two and a half hours (under normal conditions), and some three hours from Athens to Trikala

Reuters: Greece to Repay More Bailout Loans Ahead of Maturity in 2023
English Edition |

Reuters: Greece to Repay More Bailout Loans Ahead of Maturity in 2023

The country has relied solely on international markets for its borrowing needs since a third institutional bailout ended in 2018

Ag Min. Avgenakis: Greece-China Cooperation in Research, Education in Agri-Food Sector
English Edition |

Ag Min. Avgenakis: Greece-China Cooperation in Research, Education in Agri-Food Sector

Greek minister tours cutting-edge hydroponics and robotics facilities at the Chinese Academy of Agricultural Sciences in Beijing

Mini Holiday Season in Greece for Upcoming Orthodox Easter
English Edition |

Mini Holiday Season in Greece for Upcoming Orthodox Easter

Occupancy rates reach up to 90% domestically for accommodations open ahead of peak summer season

Greek PM Mitsotakis Says Fight Against Inflation Ongoing
English Edition |

Greek PM Mitsotakis Says Fight Against Inflation Ongoing

The Premier made statement during a visit an an open vegetable market

Unpaid Taxes in Greece Reach 1.539bln Euros
English Edition |

Unpaid Taxes in Greece Reach 1.539bln Euros

As the figures revealed the number of debtors totaled 3,878,712 individuals and legal entities.

ELSTAT: Greek Primary Surplus Reaches 1.9% of GDP in 2023
English Edition |

ELSTAT: Greek Primary Surplus Reaches 1.9% of GDP in 2023

Greek debt saw a slight dip to 356.7 billion euros by the end of 2023, down from 356.8 billion euros a year prior

Study: Greece in Top 5 Hotel Investments in Europe
English Edition |

Study: Greece in Top 5 Hotel Investments in Europe

As previously reported by OT, more than 60 hotel projects are set to be developed in Greece over the next four years

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