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OT |

English Edition

Greek PM Promises Swifter, Greater Support for Thessaly’s Farmers
English Edition |

Greek PM Promises Swifter, Greater Support for Thessaly’s Farmers

Central Greece was hit by record-breaking torrential rains in early September, with widespread storm-damage and flooding resulting

Greece Ranks 13th on European Minimum Wage List
English Edition |

Greece Ranks 13th on European Minimum Wage List

In an interesting contrast, Sweden, Austria, Denmark, Finland, and Italy lack national minimum wages but establish them through collective agreements

Ferries from Piraeus to Cyclades Remain at Dock on High Winds
English Edition |

Ferries from Piraeus to Cyclades Remain at Dock on High Winds

The restriction is for ferries heading to the Cyclades and is at least for this morning due to winds ranging from 8-10 beaufort in the Aegean

Decisions Over Exploratory Hydrocarbon Drilling SW of Crete, Ionian Expected Shortly
English Edition |

Decisions Over Exploratory Hydrocarbon Drilling SW of Crete, Ionian Expected Shortly

By all accounts, such drilling will focus on exploitable natural gas deposits in Greek waters

Germany, UK & U.S Contributed Most to Greek Tourism in 2023
English Edition |

Germany, UK & U.S Contributed Most to Greek Tourism in 2023

The five major markets of inbound tourism to Greece, Germany, France, Italy, the UK, and the USA, contributed a total of €8.9 billion for 2023 to the Greek tourism industry, with German travelers taking the lion’s share (€2.9 billion).

ECB: How to Detect Fake Money – 467,000 Fake Euro Banknotes Withdrawn in 2023
English Edition |

ECB: How to Detect Fake Money – 467,000 Fake Euro Banknotes Withdrawn in 2023

The ECB noted that the authenticity of euro banknotes can be verified using the “feel, look, and tilt” method. In 2023, just 16 counterfeits were detected per million genuine banknotes in circulation, which is one of the smallest proportions since the introduction of euro banknotes

Subsidy Program Aims to Open Closed Apts. in Athens
English Edition |

Subsidy Program Aims to Open Closed Apts. in Athens

A series of factors including increased post-pandemic demand, a “Golden Visa” scheme giving non-EU nationals a residence visa in exchange for property acquisitions (now set at a minimum of 500,000 euros in the capital), and the now ubiquitous “AirBnB” effect, have taken a significant bloc of leased properties off the market.

Factors Impacting High Prices in Greece
English Edition |

Factors Impacting High Prices in Greece

Notably, self-sufficiency in key commodities like beef, pork, cow's milk, and butter remains notably low, ranging from 20% to 60%, underlining the vulnerability of the supply chain

Greeks to Pay Property Tax Earlier in 2024 but in 11 Installments
English Edition |

Greeks to Pay Property Tax Earlier in 2024 but in 11 Installments

In a bid to sustain the construction sector, the Value Added Tax (VAT) on newly constructed properties will maintain its current status quo for an additional year, persisting until the conclusion of 2025

International Chamber of Shipping (ICS): Greek Flag ‘Flies’ High
English Edition |

International Chamber of Shipping (ICS): Greek Flag ‘Flies’ High

The high performance of the Greek flag is evident in all categories, both in terms of the United States Coast Guard and in Europe with the Paris MOU, as well as in Asia based on the Tokyo MOU

IMF Cautions of Possible ‘Bubble’ in Greek Real Estate
English Edition |

IMF Cautions of Possible ‘Bubble’ in Greek Real Estate

In the report, the IMF is also raising some concerns about the Greek banking system, urging Greek authorities to take measures

PPC CEO Stassis: EBITDA Goal by 2026 at 2.3bln Euros
English Edition |

PPC CEO Stassis: EBITDA Goal by 2026 at 2.3bln Euros

Dominant power utility eyes significant foray into consumer goods sector with the purchase of Kotsovolos chain; auto charging network (PPC Blue) and entry into the telecoms market

Greek DM Announces Initiative to Develop, Field Anti-Drone ‘Dome’
English Edition |

Greek DM Announces Initiative to Develop, Field Anti-Drone ‘Dome’

Speaking from the NE border city of Xanthi Minister Nikos Dendias said such system aims to ensure that the armed forces are protected from the 21st century military threat, although no further details were announced

BoG: Private Sector Deposits in Greece Up by 6.376 Bln€ in Dec. 2023
English Edition |

BoG: Private Sector Deposits in Greece Up by 6.376 Bln€ in Dec. 2023

Deposits placed by the general government in In December 2023 decreased by 1.060 billion euros, compared with a decrease of 27 million euros in the previous month

US Approves F-35 Sale to Greece
English Edition |

US Approves F-35 Sale to Greece

The US State Department late Friday notified Congress of the Biden administration’s intent to sell the 5th Generation warplanes to the country, along with new F-16s and modernization kits to Turkey

ING Analysis: Portugal & Greece Lead the Way in Southern Europe Tourism Comeback
English Edition |

ING Analysis: Portugal & Greece Lead the Way in Southern Europe Tourism Comeback

Greece's tourism sector has been growing steadily faster over the last decade, as the number of tourist overnight stays increased by 63% (2013-2023)

Tax Declarations: Automatic Submission for Salaried Employees and Pensioners
English Edition |

Tax Declarations: Automatic Submission for Salaried Employees and Pensioners

Pitsilis disclosed that the E9 form, pertaining to taxpayers engaged in parental benefits and property donations, will be automatically completed through the myProperty platform

Greek PM Pledges to Continue Reforms in Teleconference With JP Morgan’s Jamie Dimon
English Edition |

Greek PM Pledges to Continue Reforms in Teleconference With JP Morgan’s Jamie Dimon

The PM said “It is obviously much easier now”, adding that there was much greater interest from foreign investors in all sectors to invest in Greece.

Approval of F-35 Fighters for Greece a Matter of Time
English Edition |

Approval of F-35 Fighters for Greece a Matter of Time

Regarding the F-35s, government sources reiterate the message conveyed by the Maximos Mansion after the recent meeting between Mitsotakis and Blinken in Chania that “Greece will receive what has been agreed upon as a reliable partner and ally."

Sedentary Work Linked to Death Risk from Heart-Related Causes
English Edition |

Sedentary Work Linked to Death Risk from Heart-Related Causes

The study's findings revealed that individuals primarily engaged in sedentary work faced a higher risk of overall mortality (16%) and cardiovascular disease-related mortality (34%) compared to those with predominantly active roles

Greece Ignored EU’s Calls to Act Against Ministers Linked with Tempi Crash
English Edition |

Greece Ignored EU’s Calls to Act Against Ministers Linked with Tempi Crash

A Politico report shows the European Public Prosecutors Office called on the Greek gov to investigate former Ministers Christos Spirtzis and Konstantinos Karamanlis for alleged criminal offences last June 2, but Parliament chose not to open an investigation

Fin. Min. Kostis Hatzidakis Promotes IRIS on Social Media
English Edition |

Fin. Min. Kostis Hatzidakis Promotes IRIS on Social Media

Hatzidakis notes a significant increase in recorded transactions with professionals having gone up by 300% compared to 2022.

BoG Gov. Stournaras Optimistic Greek Econ Growth Will Outpace Eurozone
English Edition |

BoG Gov. Stournaras Optimistic Greek Econ Growth Will Outpace Eurozone

Central banker underscored the significance of leveraging available European funds, particularly the Recovery and Resilience Facility (RRF) in strategic sectors of the economy

Weather Forecast: January 26th
English Edition |

Weather Forecast: January 26th

Sunny weather, but not for long

Athens Int’l Airport Jumps to 9th Spot in Europe
English Edition |

Athens Int’l Airport Jumps to 9th Spot in Europe

The airport is estimated to serve around 43.7 million passengers by 2023, approaching its 50 million passenger capacity limits, with projections indicating an increase to 28.2 million passengers in 2023

“Fewer people are leaving Greece, but they’re the most capable you have”
English Edition |

“Fewer people are leaving Greece, but they’re the most capable you have”

Demographics, coupled with the brain drain, is a problem for Europe, the former US Treasury Secretary and former Harvard President tells TA NEA

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