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OT |

English Edition

Retail Sector: Turnover Skyrockets by 10.3% in Jan. 2024
English Edition |

Retail Sector: Turnover Skyrockets by 10.3% in Jan. 2024

Regionally, the most significant turnover increases in January 2024 compared to January 2023 occurred in Attica Region, with a rise of 10.6%

Deutsche Bank: Greek Banks Remain a Profitable Prospect
English Edition |

Deutsche Bank: Greek Banks Remain a Profitable Prospect

DB attributes the robust performance to multiple factors, including significantly improved profitability and resilience, as well as enhanced market liquidity following the allocation of shares of the Hellenic Financial Stability Fund (HFSF).

ELSTAT: Tourist Arrivals and Overnight Stays in January Fall 1.3%
English Edition |

ELSTAT: Tourist Arrivals and Overnight Stays in January Fall 1.3%

Overnight stays by foreigners nudged higher, year-on-year, but arrivals and overnight stays of Greek nationals were lower

BoG: Measures for Lending & Credit to Natural Persons Secured by Residential Real Estate
English Edition |

BoG: Measures for Lending & Credit to Natural Persons Secured by Residential Real Estate

The measures are aimed at preventing or mitigating systemic risks stemming from the real estate market in Greece

Tourism: New Deals Emerging in Crete’s Hotel Market
English Edition |

Tourism: New Deals Emerging in Crete’s Hotel Market

This surge in investment is driven by promising growth prospects fueled by the upcoming Kasteli airport on the eastern side of the island and the development of the northern road axis.

Commissioner to Review Cohesion Policy-supported Programs in Greece
English Edition |

Commissioner to Review Cohesion Policy-supported Programs in Greece

Commissioner Ferreira will be visiting Athens, Patras, Megalopolis, and Tripolis, to review cohesion policy-supported projects

Greek FM Hatzidakis Tells Reuters State to Continue Process of Bank De-Investment
English Edition |

Greek FM Hatzidakis Tells Reuters State to Continue Process of Bank De-Investment

"We are determined to continue, more or less, in the same way, proceeding with all necessary structural reforms, sending the message that this country is investment-friendly," Mr. Hatzidakis said

Hellenic Train Denies Reports Claiming its Looking for a Buyer
English Edition |

Hellenic Train Denies Reports Claiming its Looking for a Buyer

The reports claim that the Tempi rail disaster in late February 2023 and the continuing fall-out from the deadly train collision – which claimed 57 lives – along with slumping revenues are the reasons for the purported de-investment

January Turnover for Accommodation, F&B in Greece up by 11%
English Edition |

January Turnover for Accommodation, F&B in Greece up by 11%

Accommodation and F&B services providers in Greece reported an 11% increase in turnover in January with Zakynthos island in the lead.

BoG: 1.7bln€ Reduction in Value of Loans Managed by CSFs in 4Q 2023
English Edition |

BoG: 1.7bln€ Reduction in Value of Loans Managed by CSFs in 4Q 2023

Greece's central bank said the total value of these types of loans decreased to 69.46 billion euros by the fourth quarter of 2023, down from 71.18 billion euros in the previous quarter

Elounda Hills Resort Project in Crete Faces Licensing Hurdles
English Edition |

Elounda Hills Resort Project in Crete Faces Licensing Hurdles

The major investment by the Mirum Group encompasses high-end hotel units, apartment complexes, villas, a botanical garden, restaurants, retail outlets and a marina

Greece: Next Round of Subsidies to Target Emissions
English Edition |

Greece: Next Round of Subsidies to Target Emissions

The next tranche of Greek government aid for citizens to help them reduce energy costs at home through the program "Save 2024" is expected to be launched in the second half of 2024 and will also target emissions.

EP Passes New Rules Tackling Industrial and Livestock Pollution
English Edition |

EP Passes New Rules Tackling Industrial and Livestock Pollution

The new rules aim to reduce harmful emissions from industrial installations and pig and poultry farms, and to improve transparency over the licensing, operation and control of such installations

Axel Voss: The AI Act is an important step forward with many question marks
English Edition |

Axel Voss: The AI Act is an important step forward with many question marks

Axel Voss, the main EPP negotiator on the AI Act sees it is an important step but with many question marks on the practical application

Greek PM Announces ‘Supreme Cooperation Council’ with Egypt
English Edition |

Greek PM Announces ‘Supreme Cooperation Council’ with Egypt

The leaders agreed on the establishment of the Supreme Cooperation Council as part of strengthening the countries' strategic relations

Moody’s Maintains Greece a Notch Below Investment Grade, at Ba1
English Edition |

Moody’s Maintains Greece a Notch Below Investment Grade, at Ba1

S&P, Fitch Ratings, DBRS Morningstar and Scope Ratings have already restored country to investment 'territory' since 2023

Greek Ag Minister on Reduction of Production Costs
English Edition |

Greek Ag Minister on Reduction of Production Costs

Minister Lefteris Avgenakis responded to a tabled Parliament question by a main opposition SYRIZA MP

Bank of Greece: Economic Growth of 2.3% in 2024 and 2.5% in 2025
English Edition |

Bank of Greece: Economic Growth of 2.3% in 2024 and 2.5% in 2025

Investments and private consumption are expected to be the key drivers of economic activity in the coming years

ELSTAT: Construction Production Index Records 11.6% Annual Increase
English Edition |

ELSTAT: Construction Production Index Records 11.6% Annual Increase

However, this growth rate is notably lower compared to the significant surge of 31.1% witnessed during the corresponding period of 2022 over 2021.

Feb. State Budget 9.1% Tax Revenue Surplus
English Edition |

Feb. State Budget 9.1% Tax Revenue Surplus

The primary surplus on a modified cash basis amounted to 3.401 billion euros, compared to a target primary surplus of 1.981 billion euros

Fraport Greece: 13.5% Rise in Passenger Traffic
English Edition |

Fraport Greece: 13.5% Rise in Passenger Traffic

According to official data from Fraport Greece, in February 636,866 passengers were handled compared to 558,903 last year, with all airports showing positive growth

PPC FiberGrid: FO Connections to Reach 1.7M Homes by 2025
English Edition |

PPC FiberGrid: FO Connections to Reach 1.7M Homes by 2025

PPC FiberGrid selected areas based on factors, such as population coverage and the lack of Fiber to the home (FTTH) infrastructure

Govt’s Beach Bill: Protecting Public Access and Accountability
English Edition |

Govt’s Beach Bill: Protecting Public Access and Accountability

With this app, citizens can access the beach area diagram and report any violations, such as unauthorized occupation or exceeding of the lease, directly.

BoG Gov. Stournaras Cites Reasons for Greek Econ ‘Success Story’
English Edition |

BoG Gov. Stournaras Cites Reasons for Greek Econ ‘Success Story’

Nevertheless, influential central banker tells LSE audience that pending issues remain in order to upgrade economy's long-term competitiveness

ELSTAT: Industry Import Prices Drop by 6.4% in January
English Edition |

ELSTAT: Industry Import Prices Drop by 6.4% in January

However, despite this decline, the general index showed a positive trajectory, surging by 1.7% in January 2024 compared to December 2023

Association of Alcoholic Beverage Companies Calls for 30% Reduction in Excise Tax
English Edition |

Association of Alcoholic Beverage Companies Calls for 30% Reduction in Excise Tax

It is noted that from 1998 until today, the taxation on alcoholic beverages in Greece has increased a total of eight times, with four increases occurring within the period of 2009-2010, leading to a 125% increase in the excise tax coefficient on alcoholic beverages.

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