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OT |

English Edition

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

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

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