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OT |

English Edition

Greece: Landmark Bill Allowing Non-State Unis Passed by Parliament Majority
English Edition |

Greece: Landmark Bill Allowing Non-State Unis Passed by Parliament Majority

As expected, all 158 deputies belonging to ruling New Democracy (ND) voted in favor, along with an independent MP

ELSTAT: Feb. Witnesses a Dip in Inflation, Settling at 2.9%
English Edition |

ELSTAT: Feb. Witnesses a Dip in Inflation, Settling at 2.9%

The inflationary pressure on food continues to mount, with a significant uptick of 6.7%. Notably, olive oil saw a staggering 63.4% surge, while fruit prices spiked by 12.3%

Greek Trade Deficit Up in January by 2.7%
English Edition |

Greek Trade Deficit Up in January by 2.7%

According to ELSTAT, the trade deficit in January 2024 amounted to 2,543.1 million euros, compared to 2,476.7 million euros in the same month of the previous year

OT.gr: Contract Signed for Great Sea Interconnector-linked AC/DC Converter Station on Cyprus
English Edition |

OT.gr: Contract Signed for Great Sea Interconnector-linked AC/DC Converter Station on Cyprus

According to report, the contract will be signed immediately with German multinational Siemens

Kalamata Olive Registered as Protected Designation of Origin
English Edition |

Kalamata Olive Registered as Protected Designation of Origin

The Geneva Act extends the purview of the Lisbon Agreement regarding the protection of designations of origin and their international registration to cover not only designations of origin but also geographical indications

PPC Buyout of Kotsovolos to be Completed in April
English Edition |

PPC Buyout of Kotsovolos to be Completed in April

British electrical retailer Curry’s, which own Kotsovolos, announced the sale after the Greek Competition Commission approved the deal

Uplodio: The Greek Platform Steering Advertisements to their Digital Destination
English Edition |

Uplodio: The Greek Platform Steering Advertisements to their Digital Destination

"The company's initial focus is in Greece, where we'll refine our product based on user feedback before expanding into other European markets," affirm the three founders, outlining their strategic approach to growth.

Alco Poll: Ruling ND Ahead by 15.5% Points Over Second-Place PASOK
English Edition |

Alco Poll: Ruling ND Ahead by 15.5% Points Over Second-Place PASOK

Specifically, center-right ND was preferred by 27% of respondents in the poll, down by 1.2% percentage points from last month’s results

Greek GDP Growth at 2% in 2023, Down From Official Target of 2.4%
English Edition |

Greek GDP Growth at 2% in 2023, Down From Official Target of 2.4%

Figure still higher than Eurozone average; jobless figure falls to 10.5% in 4Q 2023, according to Hellenic Statistics Authority (EL.STAT)

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

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