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OT |

English Edition

ELSTAT: Production Prices Drop by 4.3% in February
English Edition |

ELSTAT: Production Prices Drop by 4.3% in February

The General index also decreased by 9.3% between March 2023 and February 2024, compared to the 30.4% increase recorded during the previous twelve month period (March 2022-February 2023).

Fines for Greek Businesses without POS Systems from April 1
English Edition |

Fines for Greek Businesses without POS Systems from April 1

The measure impacts 110,000 businesses and professionals ranging from taxis and vendors at farmers' markets

Daylight Savings Time to Kick In on Sunday
English Edition |

Daylight Savings Time to Kick In on Sunday

Get ready to lose some sleep, because Daylight Savings Time is set to kick in in the wee hours on Sunday, fast forwarding the clock from 3 am to 4 am.

TUI Says Q1 Demand for Greece up 30% from 2023
English Edition |

TUI Says Q1 Demand for Greece up 30% from 2023

The CEO Sebastian Ebel was in Greece for an event of the Rhodes Co-lab Sustainable Destination initiative, a project of the South Aegean Region, TUI and the TUI Care Foundation

New Minimum Wage Increase to Take Effect April 1
English Edition |

New Minimum Wage Increase to Take Effect April 1

The government announced the fourth minimum wage increase during its tenure, exactly a year after its previous increase

ELSTAT: Greek Health Expenditures Reach €5.89 Billion in 2022
English Edition |

ELSTAT: Greek Health Expenditures Reach €5.89 Billion in 2022

Finally, healthcare financing as a percentage of GDP decreased to 8.5% in 2022 from 9.18% in 2021, as per the Health Accounts System report.

Sonoco Paper Mill Plants Close After 30 Years in Greece
English Edition |

Sonoco Paper Mill Plants Close After 30 Years in Greece

The shut down of the two paper mills in northern Greece comes a week after a glass plant closed in Athens

BoG: Private Deposits Down by 1.068bln Euros in Feb. 2024
English Edition |

BoG: Private Deposits Down by 1.068bln Euros in Feb. 2024

Corporate deposits decreased by 912 million euros, compared to a decrease of 3.167 billion euros in the previous month

Greeks’ Buying Power Second Lowest in the EU
English Edition |

Greeks’ Buying Power Second Lowest in the EU

Greeks’ purchasing power is under pressure, ranking 26th among 27 EU member states.

Greek FinMin Says Digital Work Card Tackling Undeclared Work
English Edition |

Greek FinMin Says Digital Work Card Tackling Undeclared Work

Greece's recently launched digital work card aimed at tackling undeclared labor has already started to produce results, said Economy and Finance Minister Kostis Hatzidakis

MSC Cruises: More than 400 Visits to Nine Greek Destinations
English Edition |

MSC Cruises: More than 400 Visits to Nine Greek Destinations

MSC Cruises, a subsidiary of international shipping line Mediterranean Shipping Company S.A, will be sailing to Greek ports as of this month, expanding operations in the region year-round

Eurostat: Greece Among Cheaper Hourly Labor Cost Zones
English Edition |

Eurostat: Greece Among Cheaper Hourly Labor Cost Zones

In contrast, the countries that posted the highest hourly labor costs are Luxembourg (53.9 euros), Norway (51.9 euros), Iceland

GSEVEE: Economic Sentiment Indicator in Greece Down in Q2 2023
English Edition |

GSEVEE: Economic Sentiment Indicator in Greece Down in Q2 2023

The drop follows a significant uptick in the ESI in the second half of 2022 (69.5 units) and a slight decline in the first half of 2023 (66.7 units)

Manpower Report: Sectors in Greece that Have Achieved Full Gender Equality in the Workplace
English Edition |

Manpower Report: Sectors in Greece that Have Achieved Full Gender Equality in the Workplace

Greece surpasses this with 45%, showcasing progress but also room for improvement. Sectors like Consumer Goods and Services lead with 69% reporting full equality globally

Bank of America (BofA): Three Reasons Greek Economy Outperforms EC Average
English Edition |

Bank of America (BofA): Three Reasons Greek Economy Outperforms EC Average

BofA projects growth of 1.1% in 2024 and 1.7% in 2025, compared to forecasts for eurozone growth at 0.4%/1.1%, respectively

UniCredit: Greece’s Economy Set to Regain Momentum
English Edition |

UniCredit: Greece’s Economy Set to Regain Momentum

This projection is based on the understanding that certain factors that hindered growth in the latter part of the preceding year, such as flood-related agricultural losses, abrupt adjustments in housing investments, and postponed public projects, were temporary setbacks

Council of the EU Adopts Environmental Crime Law
English Edition |

Council of the EU Adopts Environmental Crime Law

The law aims to improve the investigation and prosecution of environmental crime, to define new types of criminal offenses, and to harmonize penalties to individuals and legal persons

Banks: Changes in Transactions Due to Catholic Easter
English Edition |

Banks: Changes in Transactions Due to Catholic Easter

In terms of financial obligations, those expiring on March 29 must be settled by March 28. Deposits made after March 28 will reflect in records starting from April 2. These alterations extend to payroll as well

EUROSTAT: Greece 2nd Place for Number of Asylum Apps in 2023
English Edition |

EUROSTAT: Greece 2nd Place for Number of Asylum Apps in 2023

Approximately 1,048,900 non-EU citizens made first-time asylum applications for international protection in the EU, which was 20% higher than 2022

Greek State Budget Execution for Jan-Feb 2024 Period Posts 1.43 bln€ Surplus
English Edition |

Greek State Budget Execution for Jan-Feb 2024 Period Posts 1.43 bln€ Surplus

For the January-February 2024 period, state budget net revenues totaled 12.648 billion euros

PASOK Leader Androulakis Tables No-Confidence Motion
English Edition |

PASOK Leader Androulakis Tables No-Confidence Motion

Parliament debate expected to commence on Wednesday and conclude the next day

Bank of Greece: Tourism Revenues Up by 27.1% in Jan. 2024
English Edition |

Bank of Greece: Tourism Revenues Up by 27.1% in Jan. 2024

This reflects a surplus of 112.6 million euros in January 2024 for the tourism balance, compared to a surplus of 54.6 million euros in the same month of 2023

Eurostat: Greece 2nd Last in GDP per Capita in EU27
English Edition |

Eurostat: Greece 2nd Last in GDP per Capita in EU27

Only Bulgaria is in a worse position

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