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OT |

English Edition

Greek PM Mitsotakis on Inflation, Farmers & Minimum Wage at Government Cabinet
English Edition |

Greek PM Mitsotakis on Inflation, Farmers & Minimum Wage at Government Cabinet

The PM outlined a series of priorities over the coming months which included tackling inflation, supporting agricultural products, and enhancing public health.

EP Adopts Regulation for Transparent Short-Term Online Rental Platforms
English Edition |

EP Adopts Regulation for Transparent Short-Term Online Rental Platforms

The new regulation is particularly important for Greece, as Athens recorded a 20% increase in available accommodations compared to 2022, according to data from the international short-term rental analysis company AirDNA

NBG Report: Greek Tourism on Path for New Record in 2024
English Edition |

NBG Report: Greek Tourism on Path for New Record in 2024

The positive trend is reflected by the high demand expectations of Greek hoteliers, according to the study, with the relevant index reaching its highest historical point in the January-February period

Piraeus Bank: Greece on a Better Developmental Trajectory Compared to Europe
English Edition |

Piraeus Bank: Greece on a Better Developmental Trajectory Compared to Europe

In contrast, the Eurozone faces persistent challenges as evidenced by stagnant growth in the fourth quarter of 2023, registering a mere 0.1% annual increase

Price Reduction in Products Up to 15% – Offers Limited
English Edition |

Price Reduction in Products Up to 15% – Offers Limited

Despite a three-month ban on offers, Aristotle Panteliadis, president of the Supermarket Association, said re-pricing for four out of five products remain in effect

Greece: 112,000 New Business Ventures in 2023
English Edition |

Greece: 112,000 New Business Ventures in 2023

A total of 112,000 new businesses were started in 2023, up by 6.1% over 2022, mainly in construction, transportation and storage.

Rail Transport in Greece in Downward Spiral a Year Since Tempi Disaster
English Edition |

Rail Transport in Greece in Downward Spiral a Year Since Tempi Disaster

Wide-spread flooding last September also devastated main north-south railroad axis in central Greece

Greek Tourism: Less Popular Destinations Shine; Strong Short-Term Leasing Demand
English Edition |

Greek Tourism: Less Popular Destinations Shine; Strong Short-Term Leasing Demand

Saturation and price hikes in popular tourist destinations have shifted attention towards less-congested islands, such as Tinos, Serifos, Skopelos, Thassos

Greek Public Revenue Body (IAPR) Launches Digital Tools to Crack Down on Fuel Smuggling
English Edition |

Greek Public Revenue Body (IAPR) Launches Digital Tools to Crack Down on Fuel Smuggling

An electronic data collection mechanism will be linked to Tax Warehouses and Customs Warehouses input-output analysis systems, while a digital application will allow for registration of Energy Products by bunker vessels

Greek Economy: Concerns Rise as Foreign Direct Investments Plunge by 40%
English Edition |

Greek Economy: Concerns Rise as Foreign Direct Investments Plunge by 40%

However, concerns arise as milestones now involve not only reforms and legislation but also project assignments, highlighting the government's lack of readiness in many cases

Foreign Universities in Greece Eye Athens and Ellinikon for Private Institutions’ Campuses
English Edition |

Foreign Universities in Greece Eye Athens and Ellinikon for Private Institutions’ Campuses

At the same time, reliable sources reveal that top universities, including MIT, Yale, and Harvard, visited the Ellinikon mega-project site where Lamda Development showcased its redevelopment plans.

Is a NATO-Russia War Inevitable?
English Edition |

Is a NATO-Russia War Inevitable?

Responding to reporters on Tuesday, Kremlin spokesman Dmitry Peskov said that if EU NATO members sent troops to Ukraine “we would need to talk not about the probability, but about the inevitability (of a direct conflict)."

EU Olive Oil Price 50% Up – Greece 2nd Highest Increase in EU
English Edition |

EU Olive Oil Price 50% Up – Greece 2nd Highest Increase in EU

Greece witnessed the second-highest price hike (+67%) compared to 2023, with Portugal taking the top spot (+69%) and Spain rounding off the top three most expensive countries in the EU

Enterprise Greece: Over 1,000 B2B Meetings in India
English Edition |

Enterprise Greece: Over 1,000 B2B Meetings in India

The Greek business envoy aimed to promote exports to one of the fastest-growing economies in the world, promote investment and export opportunities, and of course, deepen the cooperation between the two business communities

Golden Visa: Greek Market Reacts to New Thresholds
English Edition |

Golden Visa: Greek Market Reacts to New Thresholds

The primary objective is to raise the investment threshold for obtaining the Golden Visa, to put a brake on the frenzied pace of demand recorded in the expensive areas of the two major urban centers (Athens and Thessaloniki)

Study: 7 Out of 10 Greek Consumers Readily Use Cards, ‘Digital Wallets’
English Edition |

Study: 7 Out of 10 Greek Consumers Readily Use Cards, ‘Digital Wallets’

Making card payments seems to be particularly widespread and has become a systematic practice in Greek consumers' everyday life

Greece to Revamp Former Royal Tatoi Estate into Culture and Tourism Hub
English Edition |

Greece to Revamp Former Royal Tatoi Estate into Culture and Tourism Hub

Greece is ready to redevelop the former royal estate at Tatoi near Athens into a mixed-use culture and tourism hub

Greek PM Mitsotakis Receives Armenian Counterpart Pashinyan in Athens
English Edition |

Greek PM Mitsotakis Receives Armenian Counterpart Pashinyan in Athens

“A ministerial meeting between the foreign ministers of Armenia and Azerbaijan will be held in the near future, and I hope we will make progress," the Armenian leader said

Greek DM Dendias in Helsiniki; Athens Eyes ‘Finnish Model’ for Conscription
English Edition |

Greek DM Dendias in Helsiniki; Athens Eyes ‘Finnish Model’ for Conscription

Hellenic Navy frigate 'Hydra' sails for Red Sea protection mission

Greek Market Impacted by Houthi Red Sea Attacks, Warns SEV
English Edition |

Greek Market Impacted by Houthi Red Sea Attacks, Warns SEV

Some pundits estimate the cost of transporting a container from Asia to Piraeus had almost tripled, from €2,000 to €6,000-€7,000, since the crisis with the Houthis broke out at the end of November 2023

New Hotel Ventures in Greece
English Edition |

New Hotel Ventures in Greece

Athens is due to welcome several new hotels in the coming years. Among the highlights is the "91 Athens Riviera," a luxury camping resort managed by Domes Resorts

Greek Hoteliers’ President: Smaller Units Need Subsidization
English Edition |

Greek Hoteliers’ President: Smaller Units Need Subsidization

Hotel chamber also wants stricter guidelines for rival AirBnB-style short-term rentals

Zara Increasing Its Presence in Greece with Two Flagship Stores
English Edition |

Zara Increasing Its Presence in Greece with Two Flagship Stores

Enhanced stores will serve as both retail spaces and distribution centers, facilitating a more efficient hybrid retail model.

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