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OT |

English Edition

Greece: Unemployment Over 10%, Yet 150,000 Job Vacancies
English Edition |

Greece: Unemployment Over 10%, Yet 150,000 Job Vacancies

The shortages are due to a combination of factors including the annual hunt for seasonal employees at the start of the tourist season, persistent skills gaps in the IT sector, and a shortage of hands in Greece's booming construction industry.

Greek Tourism Makes a Dynamic Start for the New Season
English Edition |

Greek Tourism Makes a Dynamic Start for the New Season

Major tour operators like TUI and Jet2.com have expanded their flight offerings and vacation packages to popular Greek island destinations for both Easter and the summer season

New Democracy Wraps Up Conference with PM Mistotakis Launching European Election Campaign
English Edition |

New Democracy Wraps Up Conference with PM Mistotakis Launching European Election Campaign

Mitsotakis directed his criticism at both the opposition party SYRIZA's President, Stefanos Kassalakis, condemning what he saw as a toxic influence on political discourse, and at the President of PASOK, Nikos Androulakis, accusing him of attempting to align his party's image with that of SYRIZA

EUROSTAT: Greece Ranks 2nd as Eurozone’s Most Expensive Country for Fuel
English Edition |

EUROSTAT: Greece Ranks 2nd as Eurozone’s Most Expensive Country for Fuel

These hikes in fuel prices have not only caused headaches for drivers but also affect fuel station owners, as consumers in Northern Greece prefer to purchase cheaper gasoline from Bulgaria and Turkey

Tourism: Thousands of Turkish Tourists Expected on Northern Aegean Islands in the Coming Days
English Edition |

Tourism: Thousands of Turkish Tourists Expected on Northern Aegean Islands in the Coming Days

The pilot program for seven-day express visas for Turkish citizens visiting 10 islands in the eastern Aegean began on April 1

Ursula von der Leyen: Greece’s Recovery Impresses
English Edition |

Ursula von der Leyen: Greece’s Recovery Impresses

The President of the European Commission credited the people of Greece, the New Democracy party, and Kyriakos Mitsotakis for Greece's recent remarkable recovery

Poll: Almost 50% Believe ND Responsible for Tempi Train Crash
English Edition |

Poll: Almost 50% Believe ND Responsible for Tempi Train Crash

New Democracy (ND) still holds substantial lead over opposition parties ahead of the June EP elections

ELSTAT: Jan-Feb. Trade Deficit Jumps to 18.4%
English Edition |

ELSTAT: Jan-Feb. Trade Deficit Jumps to 18.4%

Imports decreased by 1.1%, while exports saw a notable decrease of 11.4%, causing significant concern for the trajectory of the Greek economy.

SocGen: S&P Ratings Likely to Upgrade Greek Economy
English Edition |

SocGen: S&P Ratings Likely to Upgrade Greek Economy

The French bank recommends a long position in Greek bonds against Belgian ones

Mistakidis Takes Control of ABBank – Ownership and Shareholders
English Edition |

Mistakidis Takes Control of ABBank – Ownership and Shareholders

The acquisition of Aegean Baltic Bank reflects substantial interest in banking investments and optimism surrounding Greece's economic growth.

Athens Intl Airport: Passenger Traffic up 20% in March
English Edition |

Athens Intl Airport: Passenger Traffic up 20% in March

The numbers are aligned with estimates which see tourism in Greece growing 20% in 2024

Retail Sector Sees Decline in Turnover for Q1 2024
English Edition |

Retail Sector Sees Decline in Turnover for Q1 2024

It should be noted that businesses with simplified accounting data, predominantly small-scale, experienced their first sales decrease of 3% in the last quarter of 2023.

FAGE Greece Yogurt in the Red for Third Year in A Row
English Edition |

FAGE Greece Yogurt in the Red for Third Year in A Row

Yet FAGE International's sales grew 13.9% year-on-year to 629.2 million dollars and net profits jumped from 29.3 million in 2022 to 82.7 million dollars

Development Min. Cracks Down on Unfair Profiteering
English Edition |

Development Min. Cracks Down on Unfair Profiteering

Fines totaling 1.38mln euros were issued to 13 firms due to violations involving the generation of gross profits exceeding those of 2021 for specific products

ELSTAT: 26.1% of Population at Risk of Poverty, Social Exclusion
English Edition |

ELSTAT: 26.1% of Population at Risk of Poverty, Social Exclusion

The risk of poverty and social exclusion has declined significantly from its height of 32.6% in 2016, yet great disparities persist between Greece's different regions.

Motor Oil’s to Propose Highest Ever Dividend Paid by Group
English Edition |

Motor Oil’s to Propose Highest Ever Dividend Paid by Group

The total dividend proposed is 199.4 million euros, or 1.80 euros per share.

Eurostat: Inflation at 3.4% in Greece in March – Eurozone Average at 2.4%
English Edition |

Eurostat: Inflation at 3.4% in Greece in March – Eurozone Average at 2.4%

Lithuania (0.3%), Finland (0.7%), and Latvia (1%) recorded the lowest inflation in March, with Croatia (4.9%), Austria (4.2%) and Estonia (4.1) witnessing the highest rates

Greek State Raises 812.5 mln€ from 13-W T-Bill Auction
English Edition |

Greek State Raises 812.5 mln€ from 13-W T-Bill Auction

The uniform yield eased to 3.75%, compared to 3.83% recorded during a similar T-bill auction on Jan. 31, 2024

Greek PM Mitsotakis to Receive World’s Top Pharma CEOs on Wed.
English Edition |

Greek PM Mitsotakis to Receive World’s Top Pharma CEOs on Wed.

While the multinationals’ top executives are expected to discuss global sector issues, the Greek side, as host of the morning meeting, is interested in promoting the country as an investment and R&D destination.

10 Greeks on Forbes’ Annual List of Billionaires
English Edition |

10 Greeks on Forbes’ Annual List of Billionaires

Shipping magnates and their families the most represented

High Court Rejects Recourse Against Attiki Odos Tender
English Edition |

High Court Rejects Recourse Against Attiki Odos Tender

GEK Terna was declared the provisional concessionaire for the Hania-Irakleio portion of the ambitious north Crete tollway

Lamda Development – Brook Lane Capital Ink Deal for Ellinikon Park Tower
English Edition |

Lamda Development – Brook Lane Capital Ink Deal for Ellinikon Park Tower

Lamda Development and Brook Lane Capital have agreed to the construction of a 40-floor mixed-use tower along the Athenian Riviera

Offshore Wind Farms: Greece’s High Potential
English Edition |

Offshore Wind Farms: Greece’s High Potential

If Europe’s aspirations become reality, the abundant and cheap supply of renewable energy will be a significant step forward in the race for ridding carbon emissions

EC Approves €1 billion Greek State Aid Measures to Support Renewable Energy Generation and Storage Projects
English Edition |

EC Approves €1 billion Greek State Aid Measures to Support Renewable Energy Generation and Storage Projects

Greece notified the Commission of its plans to provide support to two projects for the generation and storage of renewable energy for a total budget of €1 billion

EC Modernization Fund: €1.2bln Support for ‘Green’ Investments in Greece
English Edition |

EC Modernization Fund: €1.2bln Support for ‘Green’ Investments in Greece

The Modernization Fund was established to support EU member states with a GDP per capita below 60% of the EU average in achieving the goals of decarbonization and transitioning to a zero-emission economy

Golden Visas: New Rules Being Debated in Greek Parliament
English Edition |

Golden Visas: New Rules Being Debated in Greek Parliament

The amendment aims to ensure the availability of affordable housing and to close loopholes that enabled third-country nationals to exploit golden visas for financial gain

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