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OT |

English Edition

Greece Among Just 8 EU Countries On Track to Reach ESR Targets
English Edition |

Greece Among Just 8 EU Countries On Track to Reach ESR Targets

Twelve EU countries will miss their Effort Sharing Regulation (ESR) climate targets, 7 more are at risk of falling short, and Germany and Italy are performing the worst

Greek Tax Office: Taxpayers in 2.6 billion Arrears in April
English Edition |

Greek Tax Office: Taxpayers in 2.6 billion Arrears in April

Overdue debts to the Greek tax office have risen to 107.057 billion euros, of which 26.326 billion euros are considered uncollectible, resulting in a net debt of 80.731 billion euro

Six-Day Workweek: German RND Lauds the Greeks
English Edition |

Six-Day Workweek: German RND Lauds the Greeks

The publication underscores Greece's acute labor shortage despite its high unemployment rate, second only to Spain in the EU.

Govt Announces Permanent VAT Reductions for Beverages, Taxis
English Edition |

Govt Announces Permanent VAT Reductions for Beverages, Taxis

Reduced VAT rate of 13%, from the maximum 24%, aims to support efforts to stem skyrocketing cost-of-living

AADE Closes Four H&M Stores in Greece for Tax Violations
English Edition |

AADE Closes Four H&M Stores in Greece for Tax Violations

The multinational clothing retailer launched its first Greek store in 2007 in central Athens and currently operates more than 35 stores across 14 cities in Greece.

Over 80% of Greek Houses Uninsured
English Edition |

Over 80% of Greek Houses Uninsured

At the end of 2023, there were 1,159,332 insured residences in the country

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

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