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OT |

English Edition

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

Greece Exports Olive Oil Worth $100mln to US
English Edition |

Greece Exports Olive Oil Worth $100mln to US

In 2023, Greece represented approximately 4.7% of U.S olive oil imports (up from 3.3% in 2022), holding the 5th position in the market

ECB Gov. Council’s Stournaras: 4 Rate Cuts Possible This Year
English Edition |

ECB Gov. Council’s Stournaras: 4 Rate Cuts Possible This Year

Greece's central banker also said high market prices in the country bely a problem with competitiveness

Jobless Figure in Greece for Feb. 2024 Drops to 11%
English Edition |

Jobless Figure in Greece for Feb. 2024 Drops to 11%

Downward unemployment trend continues in east Mediterranean country

Fitch Revises Greek GDP Forecast to 2.4% in 2024 from 1.6%
English Edition |

Fitch Revises Greek GDP Forecast to 2.4% in 2024 from 1.6%

The increase in private consumption accelerated faster than anticipated, rising by 1.4% quarterly in the last quarter of 2023, while exports also provided an upward surprise, recording a 0.4% increase

Greek Parliamentary Budget Office Warns GDP Could Drop by 1.2% Over 3 year Period Due to Wage Rises
English Edition |

Greek Parliamentary Budget Office Warns GDP Could Drop by 1.2% Over 3 year Period Due to Wage Rises

The analysis warns that higher inflation compared to key trading partners due to excessive wage increases would harm the country's international competitiveness

Greek Tourism: Hotel, Airbnb Occupancy Rates Surge
English Edition |

Greek Tourism: Hotel, Airbnb Occupancy Rates Surge

According to the Greek Tourism Confederation (SETE), the average hotel occupancy rates in the country witnessed a new uptick in January and February this year compared to last year

Dust from the Sahara Desert Overtakes Europe, Africa and Asia
English Edition |

Dust from the Sahara Desert Overtakes Europe, Africa and Asia

The National Observatory of Athens shows it has covered half of Europe and PM10 levels in Greece were at dangerous levels last week for three days

April 1: New Tolls, Fines, Minimum Wage, Quiet Hours in Greece
English Edition |

April 1: New Tolls, Fines, Minimum Wage, Quiet Hours in Greece

From today April 1 people will pay higher tolls on Egnatia Motorway, businesses without POS machines will be fined, and Greece transitions into the summer "quiet hours" schedule

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