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OT |

English Edition

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Transport Minister Christos Staikouras noted that the long term goal is to replace at least 1,300 outdated buses with new, low-emission vehicles by 2027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

Kasselakis Gives Post-Euro Election Interview to Mega
English Edition |

Kasselakis Gives Post-Euro Election Interview to Mega

'When you reduce the gap to a mere breathing distance in western Athens, Piraeus and Achaia, it means something has changed,' Kasselakis said

Auctioning Ten Hotels across Greece Each Valued Above 2 Million Euros
English Edition |

Auctioning Ten Hotels across Greece Each Valued Above 2 Million Euros

Scheduled throughout the summer from mid-June to October, these auctions feature hotels spanning from three-star accommodations to luxurious five-star resorts, each offering varied facilities, capacities, and amenities.

ELSTAT: 15.7% Surge in Agricultural and Livestock Prices for April 2024
English Edition |

ELSTAT: 15.7% Surge in Agricultural and Livestock Prices for April 2024

The 15.7% surge in April 2024's output price index is primarily attributed to a substantial 23.7% hike in the crop output group, driven mainly by the price increases in olive oil and fruits.

Mitsotakis to Bloomberg: Early Repayment of Bailout Loans
English Edition |

Mitsotakis to Bloomberg: Early Repayment of Bailout Loans

Greek Prime Minister cited an early repayment of eight billion euros in bailout loans, which Bloomberg said corresponds to three years of installments

Greece’s Economic Revival Draws Investors
English Edition |

Greece’s Economic Revival Draws Investors

Both foreign and domestic investors are seizing the moment, ushering in a wave of significant deals across various sectors like banking, technology, food, energy, logistics, and hospitality.

Skopelos Island in Greece Captivates French Tourists
English Edition |

Skopelos Island in Greece Captivates French Tourists

To capture the romantic essence of "Mamma Mia," the Municipality of Skopelos released an original music video featuring pianist Elena Xidia.

Second Wind Farm in Greece by EDPR
English Edition |

Second Wind Farm in Greece by EDPR

The wind farm “Erimia” is located at the town of Malesina in the administrative region of central Greece, with a 35W power capacity

Greek Employment – ManpowerGroup: Sectors Hiring in Q2 of 2024
English Edition |

Greek Employment – ManpowerGroup: Sectors Hiring in Q2 of 2024

The Information Technology sector leads as the most competitive at 38%, despite a 5-point drop from last quarter and 1 point from last year.

Greek PM Pledges Changes After ‘Concerning’ Election Result
English Edition |

Greek PM Pledges Changes After ‘Concerning’ Election Result

Greek PM Kyriakos Mitsotakis said voters sent a clear message of trust in European elections but want improvements.

Eurobank Increases Stake in Hellenic Bank to 55.42%
English Edition |

Eurobank Increases Stake in Hellenic Bank to 55.42%

Sources within the bank anticipate that this investment will propel Eurobank's stake up to 65% by the summer, paving the way for its proposed absorption of the Cypriot bank.

ELSTAT: Industrial Production in Greece Up by 10.8% in April
English Edition |

ELSTAT: Industrial Production in Greece Up by 10.8% in April

Looking at the broader picture, the average index for the period from January to April 2024 showed a solid 5.3% rise compared to the same period in 2023.

Greek Inflation in May Down to 2.4% from April
English Edition |

Greek Inflation in May Down to 2.4% from April

However, the consumer price Index (CPI) in May 2024 compared with May 2023, increased by 2.4%. In May 2023, the annual rate of change of the CPI was 2.8%.

Bloomberg: Greece Former EU ‘Crisis’ Country Set to Thrive
English Edition |

Bloomberg: Greece Former EU ‘Crisis’ Country Set to Thrive

Greece serves as a prime example, having lost a quarter of its GDP during the crisis but regaining its investment grade last year. Conversely, France was downgraded by S&P Global Ratings recently.

Greece Posts Record Voter Abstention Rate in EP Elections
English Edition |

Greece Posts Record Voter Abstention Rate in EP Elections

Election results show that a whopping 58.61% of Greek voters turned their backs on the polls yesterday

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