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OT |

English Edition

ECB Decides to Keep Interest Rates Unchanged
English Edition |

ECB Decides to Keep Interest Rates Unchanged

This is the fourth consecutive time Europe’s central bank has kept the interest rates unchanged after 10 increases in a row between July 2022 and September 2023

Greek Finance Minister Hatzidakis: Banking System Embarks on New Era
English Edition |

Greek Finance Minister Hatzidakis: Banking System Embarks on New Era

Kostis Hatzidakis emphasized the government's dual role in the new era for the banking system: ensuring conditions for a resilient banking system and fostering competition among banks, akin to practices in advanced European nations.

HELLENiQ ENERGY and Edison in Talks for Control of Elpedison
English Edition |

HELLENiQ ENERGY and Edison in Talks for Control of Elpedison

The two companies currently split ownership of Elpedison 50-50, and will start negotiations on the new shareholder structure from next month

Process Commences for Privatization of Lavrio Port Authority
English Edition |

Process Commences for Privatization of Lavrio Port Authority

Lavrio has been eyed as an alternative cruise ship anchorage vis-a-vis extremely busy Piraeus and as a site for mega-marinas

Greek Supermarkets Owner Masoutis Plans Mega Real Estate Project
English Edition |

Greek Supermarkets Owner Masoutis Plans Mega Real Estate Project

Greek supermarkets owner will be constructing a Grand Masoutis and two nine-storey apartment buildings in Athens valued at 30 million euros.

Greek Ag Ministry to Begin Inspections Over Illegally Branded Olive Oil, Meats, Honey
English Edition |

Greek Ag Ministry to Begin Inspections Over Illegally Branded Olive Oil, Meats, Honey

Efforts aim to stem tide of foreign farm imports being rebranded as domestic products

Piraeus Bank’s Stock Placement Adjusted to 3.9-4.0 Euros
English Edition |

Piraeus Bank’s Stock Placement Adjusted to 3.9-4.0 Euros

This means that the HFSF will raise over 1.3 billion euros with reports indicating that managers have already received orders exceeding 9 billion euros.

Moody’s Note Lauds Greek Banks, Ahead of the Credit Agency’s Mar. 15 Evaluation
English Edition |

Moody’s Note Lauds Greek Banks, Ahead of the Credit Agency’s Mar. 15 Evaluation

The unexpected note is a positive indication, as Moody's is considered one of the most rigorous of the systemic rating agencies and the only one so far that has not assigned an investment grade to Greece

Parthenon Marbles: Acropolis Museum Dir. says British Museum Renting out Halls is ‘Offensive’
English Edition |

Parthenon Marbles: Acropolis Museum Dir. says British Museum Renting out Halls is ‘Offensive’

The director of the Acropolis Museum Nikos Stampolidis said the perfect space to host the Marbles is the Acropolis Museum

Jan.-Feb. Passenger Traffic at Athens Intl. Airport Surges
English Edition |

Jan.-Feb. Passenger Traffic at Athens Intl. Airport Surges

Domestic and international passenger traffic witnessed notable increases, surpassing the 2023 levels by 11.8% and 21.5%, respectively.

Alpha Bank: Greek Tourism Sector Continues to Soar
English Edition |

Alpha Bank: Greek Tourism Sector Continues to Soar

Despite pressures, such as inflation in Europe and tensions in Ukraine and the Middle East, the Greek tourism sector is set to again exceed expectations

Imported Agricultural Products Baptized Greek due to Inadequate Controls
English Edition |

Imported Agricultural Products Baptized Greek due to Inadequate Controls

Honey from China, apples from Bulgaria, kiwis from Iran, oranges from Egypt, milk, and lambs from Romania and Bulgaria are among the imported agricultural products often misrepresented.

Retirement Age Limits in Greece Frozen Until 2027
English Edition |

Retirement Age Limits in Greece Frozen Until 2027

Both the OECD and Eurostat foresee future increases in the general retirement age limits in Greece due to the pressure exerted by demographics and population aging

PM Mitsotakis Pays Visit to Supermarket Amid Fight on High Prices
English Edition |

PM Mitsotakis Pays Visit to Supermarket Amid Fight on High Prices

The Greek Prime Minister stated that "the fight against rising prices is ongoing", during his visit to a supermarket in Athens earlier today

Two Greek, One Cypriot Company on FT1000 Europe’s Fastest Growing Companies list
English Edition |

Two Greek, One Cypriot Company on FT1000 Europe’s Fastest Growing Companies list

The first Greek company on the list is Ferryscanner, in 83rd place

Greece’s Bank Bailout Fund to sell Entire 27% stake in Piraeus Bank
English Edition |

Greece’s Bank Bailout Fund to sell Entire 27% stake in Piraeus Bank

The price range was set at between 3.7 and 4 euros per share, HFSF added.

How Hotel Prices Rate in Athens Compared to other European Cities
English Edition |

How Hotel Prices Rate in Athens Compared to other European Cities

However, amidst this price hike, data from the Athens and Argosaronic Hoteliers Association reveals a positive trend, with January 2024 closing with an average occupancy rate of 52.8%, up from 51.2% in 2023, indicating a 3.1% increase

Greek Market Watchdog Slaps 742,000-Euro Fine on Frozen Vegetable Company
English Edition |

Greek Market Watchdog Slaps 742,000-Euro Fine on Frozen Vegetable Company

In particular, after conducting thorough audits on 72 product codes, the market price watchdog discovered that the company was earning a higher gross profit margin on 50 product codes than what the relevant legislation allows

Athens International Airport: 231.5M Euros in After-tax Profits
English Edition |

Athens International Airport: 231.5M Euros in After-tax Profits

The growth at Athens International Airport was driven mainly by a 24.0% increase in passenger traffic and dynamic revenue growth from commercial activities due to significant improvements in the aeronautical revenue activities and non-aeronautical revenue activities

Gas Exports from Greece to Reach 8.5 Bln Cubic Meters by 2025
English Edition |

Gas Exports from Greece to Reach 8.5 Bln Cubic Meters by 2025

Gas Exports from Greece to Reach 8.5 Bln Cubic Meters by 2025

Are Student Dorms the Next Real Estate Opportunity in Greece?
English Edition |

Are Student Dorms the Next Real Estate Opportunity in Greece?

With real estate in Greece soaring, privately-run “all-inclusive” student dorms are intriguing investors leaving some wondering if it's the country's next real estate opportunity

Investments to Transform Greece into a Global Logistics Gateway
English Edition |

Investments to Transform Greece into a Global Logistics Gateway

With private investors leading the way, more than 250,000 square meters of new logistics buildings are estimated to be delivered by 2024

Piraeus Bank Placement Kicks-off Today, Expects 8-10 bln. in Offers
English Edition |

Piraeus Bank Placement Kicks-off Today, Expects 8-10 bln. in Offers

The HFSF approved the amount of shares to be offered as well as the price of shares in a meeting over the weekend.

Cold Front to Reach Greece on Monday
English Edition |

Cold Front to Reach Greece on Monday

Come the new week, a polar air mass will descend upon Europe, which may mean icy weather and snowfall for Greece

PM Mitsotakis on Tempi Disaster: ‘All Responsible Will Be Held Accountable’
English Edition |

PM Mitsotakis on Tempi Disaster: ‘All Responsible Will Be Held Accountable’

The Greek Prime Minister began his weekly review post with reference to the one year anniversary of the Tempi train crash

This Year’s Winter Season Deemed Warmest in Greek History
English Edition |

This Year’s Winter Season Deemed Warmest in Greek History

Recent analysis revealed that the winter of 2023-2024 was the warmest on record for Greece, surpassing the second warmest during the 2015-2016 season.

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