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OT |

English Edition

Greece’s ‘Golden Visa’ Program Sets New Record in 2023
English Edition |

Greece’s ‘Golden Visa’ Program Sets New Record in 2023

One billion euros flow into real estate market last year from scheme, with pending applications in 2024 expected to near two-billion-euro mark

PM Mitsotakis Takes Aim at Populism in Economist Article
English Edition |

PM Mitsotakis Takes Aim at Populism in Economist Article

"Greece’s embrace of a populist-led government was relatively short. But the damage was profound. The country I inherited when I was elected prime minister in 2019 was widely seen as the sick man of Europe"

Council of State Rules Annual Tax Fee on Professionals Constitutional
English Edition |

Council of State Rules Annual Tax Fee on Professionals Constitutional

Top administrative court in Greece rules that imposition of profession tax does not violate specific provisions of Constitution

Rural Electricity: Five Measures for Cost Reduction
English Edition |

Rural Electricity: Five Measures for Cost Reduction

Ag-related funding, subsidies and facilitation comes amid ongoing farmers' mobilizations in Greece and western Europe

Athens Stock Exchange (ASE) 4th Best Performer in World
English Edition |

Athens Stock Exchange (ASE) 4th Best Performer in World

The Athens Stock Exchange witnessed 5.74% gains at the end of the first month of 2024

IMF Chief Warns European Governments against Further Support to Protesting Farmers
English Edition |

IMF Chief Warns European Governments against Further Support to Protesting Farmers

The ongoing protests by farmers in France and Germany have prompted responses from President Emmanuel Macron and Chancellor Olaf Scholz, leading to a series of announcements

PM Mitsotakis Pledges Return of Special Consumption Tax (EFK) on Diesel for Farmers in Parliament
English Edition |

PM Mitsotakis Pledges Return of Special Consumption Tax (EFK) on Diesel for Farmers in Parliament

The PM also pledged schoolsin Thessaly hit by Storm Daniel would be fully restored by September thans to donations by Greek shipowners

EU Budget – How the €64.6BL is Distributed
English Edition |

EU Budget – How the €64.6BL is Distributed

€10.6 billion is earmarked in reallocations of funds

Data Centers: Google and Microsoft ‘Vote’ Greece
English Edition |

Data Centers: Google and Microsoft ‘Vote’ Greece

According to AlphaBeta Economics, this project is anticipated to facilitate the creation of over 19,400 new job positions by 2030, underlining its significant impact on employment

Athens Int’l Airport IPO Offers Surpassed €8bln, Oversubscribed 12 Times
English Edition |

Athens Int’l Airport IPO Offers Surpassed €8bln, Oversubscribed 12 Times

The final share price came in at 8.20 euros with 13.56% bought by the Greek public and 86.44% by Institutional Investors

PPC: Council of State Decision Opens Path for Mesochora Hydropower Station
English Edition |

PPC: Council of State Decision Opens Path for Mesochora Hydropower Station

The project began construction in 1986, but never operated, and is valued at around 500 million euros

PM Mitsotakis to Address Farmers Concerns at Parliament Today
English Edition |

PM Mitsotakis to Address Farmers Concerns at Parliament Today

The Prime Minister is expected to announce measures which aim to reduce some of the agricultural sector's costs

Power Transmission Operator Reports Vandalism at Interconnector Worksite
English Edition |

Power Transmission Operator Reports Vandalism at Interconnector Worksite

Incident occurred in northern Crete where a land portion of Crete-Attica power connection is being constructed

Athens Int’l Airport Public Offering Expected to Attract Nearly 8 Bln Euros
English Edition |

Athens Int’l Airport Public Offering Expected to Attract Nearly 8 Bln Euros

Share price set at the maximum foreseen 8.20 euros

Internet Speed in Greece to Surge 1,000 Times with Hellas Sat 5
English Edition |

Internet Speed in Greece to Surge 1,000 Times with Hellas Sat 5

Hellas Sat, the number one satellite communications provider in Greece, has signed a memorandum of understanding (MoU) with French-based Thales Group to develop an optical communication payload

ELSTAT: Jobless Rate Down to 9.2% in Dec. 2023
English Edition |

ELSTAT: Jobless Rate Down to 9.2% in Dec. 2023

The figure by the Greek Statistical Authority is 0.2% off the Eurostat’s figures published on Tuesday, which placed the jobless rate for December 2023 at 9.4%

GEKTerna: PM Mitsotakis Visits Greece’s Biggest Clean Energy Project
English Edition |

GEKTerna: PM Mitsotakis Visits Greece’s Biggest Clean Energy Project

The hydro-pumped storage project is located in Amfilochia and includes 680MW production and 730MW pumping/storage

Eurostat: Inflation in Greece at 3.2% in Jan.; 2.8% in Eurozone
English Edition |

Eurostat: Inflation in Greece at 3.2% in Jan.; 2.8% in Eurozone

Despite the overall trend, Greece faces persistent challenges with rising food prices, as the food, alcohol and tobacco index totaled 7.1% during the month, on an annual basis, slightly lower than 7.6% in Dec 2023

Goldman Sachs: Seeks Entry into Strategic Investments for Halkidiki Resort
English Edition |

Goldman Sachs: Seeks Entry into Strategic Investments for Halkidiki Resort

Regarding the 20-acre forested area on the northeastern side of the complex, the plan focuses on creating parks and recreational spaces, worship areas, an amphitheater, and a children's playground

IMF: Impact on Sea Transport – 30% Reduction Due to Attacks in the Red Sea
English Edition |

IMF: Impact on Sea Transport – 30% Reduction Due to Attacks in the Red Sea

Their attacks have prompted major shipping companies to instruct their vessels to avoid the maritime route through the Suez Canal, opting instead to circumnavigate Africa which has resulted in significantly more time-consuming and costly maritime transportation

Dep. Min. Fragogiannis to Visit Turkey for 6th Session of Greek-Turkish Joint Economic Committee
English Edition |

Dep. Min. Fragogiannis to Visit Turkey for 6th Session of Greek-Turkish Joint Economic Committee

Minister will be accompanied by a large contingent of business representatives

EU: Changes in Labeling for Honey, Fruit Juices, and Jams
English Edition |

EU: Changes in Labeling for Honey, Fruit Juices, and Jams

The revised guidelines, aimed at promoting healthier diets and enhancing consumer awareness, bring changes to labeling practices for honey, fruit juices, and jams

ELSTAT: Producer Price Index in Industry down 6.6% y-o-y
English Edition |

ELSTAT: Producer Price Index in Industry down 6.6% y-o-y

Greece's Overall PPI in industry decreased 7.1% y-o-y January-December 2023, against a 35% y-o-y increase posted January-December 2022

Airbnb: Short-term Rentals on the Rise in Greece
English Edition |

Airbnb: Short-term Rentals on the Rise in Greece

The analysis said the occupancy levels in Athens’s short-term rentals were steady and revenues per available unit witnessed a 15% increase

Sources: Greece Set to Raise 4BN from 10Y Bond
English Edition |

Sources: Greece Set to Raise 4BN from 10Y Bond

The bidding book has closed with offers surpassing 35 billion euros

Union: Greek Households’ Situation Worsens; Cuts in Essential Goods
English Edition |

Union: Greek Households’ Situation Worsens; Cuts in Essential Goods

According to the data, Greeks rank last in per capita income purchasing power, coupled with the sixth-highest indirect tax burden in the European Union

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