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English Edition

IMF Foresees Marginal Improvement in Greek Economy
English Edition |

IMF Foresees Marginal Improvement in Greek Economy

The IMF predicts a real GDP growth of 2.3% in 2023 (revised from the previous 2.5%) and 2.1% in 2024 (revised from 2%)

Over 50% of Properties Sold in Halkidiki Go to Foreign Investors
English Edition |

Over 50% of Properties Sold in Halkidiki Go to Foreign Investors

As emphasized by Tsigaras the Bulgarians are the big spenders with investors from Israel seeking to purchase lower priced properties with aim to renovate and sell at a higher price making a lucrative profit.

EU Sets Cash Payment Limit of €10,000 to Combat Money Laundering
English Edition |

EU Sets Cash Payment Limit of €10,000 to Combat Money Laundering

The plan was announced last week but must still get support from the European Council and pass through the European Parliament

PPC Plans to Expand to Bulgaria, End Use of Lignite 2 yrs Early
English Edition |

PPC Plans to Expand to Bulgaria, End Use of Lignite 2 yrs Early

The announcement was made by the President and CEO of PPC, George Stasis at Capital Markets Day in London

Turkey Approves Sweden’s NATO Bid; Only Hungary Remains
English Edition |

Turkey Approves Sweden’s NATO Bid; Only Hungary Remains

Out of 346 deputies voting, 287 voted in favor and 55 against, with four lawmakers abstaining

JP Morgan: ‘Long’ Position on Greek 10Y Bonds
English Edition |

JP Morgan: ‘Long’ Position on Greek 10Y Bonds

It should be recalled that the American investment bank had initially recommended a long position in Greek 10-year bonds in December (18/12)

Greek Authorities Slap Baby Formula Company with €561,000 Fine for Profiteering
English Edition |

Greek Authorities Slap Baby Formula Company with €561,000 Fine for Profiteering

After thorough audits of a bevy of product codes, it was determined by the market watchdog that the aforementioned company had violated nine codes, including exceeding the permitted limits of baby formula profit margins set by Greek legislation

Last-Minute Change in Postal Vote Bill Envisioning Nat’l Elex Application Sours Opposition
English Edition |

Last-Minute Change in Postal Vote Bill Envisioning Nat’l Elex Application Sours Opposition

The draft law had previously garnered the support, in principle, of main opposition SYRIZA and third-party PASOK before last-minute amendment

Greek Antiquities Return to Greece from the United States
English Edition |

Greek Antiquities Return to Greece from the United States

All three share a common element, they are products of illegal excavations trafficked by antiquities smugglers before ending up in the Carlos Museum

Economist Event in Athens Focuses on Global Economy in 2024; Challenges Facing Shipping
English Edition |

Economist Event in Athens Focuses on Global Economy in 2024; Challenges Facing Shipping

Former US treasury secretary Larry Summers was joined in a panel discussion by Jerry Kalogiratos, CEO of Capital Product Partners, and Angeliki Frangou, CEO of Navios Maritime Partners

Five Goods Greek Consumers Refuse to Cut Down on
English Edition |

Five Goods Greek Consumers Refuse to Cut Down on

As Stavros Kafounis, the president of the Athens Chamber of Commerce, points out, retail – excluding the sectors of food, automobiles, and fuels – "achieved" the target of 11 billion euros set for the sales of the fourth quarter of 2023, with store owners expressing satisfaction

Greek Gov Takes Measures to Reduce Waitlists for Surgeries at Public Hospitals
English Edition |

Greek Gov Takes Measures to Reduce Waitlists for Surgeries at Public Hospitals

Waiting time has already been reduced by 40-45% just through basic housekeeping actions

Hellenic Revenue Service Steps Up Battle Against Tax Evasion
English Edition |

Hellenic Revenue Service Steps Up Battle Against Tax Evasion

Citizens' complaints about tax evasion and customs violations have increased sharply and total 158,939

7+1 Changes in Employment and Benefits
English Edition |

7+1 Changes in Employment and Benefits

The possibility of employment is extended to the sixth day of the week in businesses operating continuously, implementing a five-day work system with alternating shifts, with additional work compensated at a 40% increase.

U.S. Ambassador George Tsunis Says Greece Transforming into Energy Hub in Balkans
English Edition |

U.S. Ambassador George Tsunis Says Greece Transforming into Energy Hub in Balkans

The top U.S. diplomat attended the Economist's conference "THE WORLD AHEAD 2024: ATHENS GALA DINNER," Monday evening in Athens

EU’s Tourism Sector Back on Track
English Edition |

EU’s Tourism Sector Back on Track

This is 1.6% higher than the pre-pandemic figure of 2.87 billion overnight stays and is the highest recorded to date.

Why Greeks Pay More For Grecian Holiday
English Edition |

Why Greeks Pay More For Grecian Holiday

Additionally, the same study has Britons over the age of 18 planning two vacations in 2024, on average.

ELSTAT: Public Debt Rises to €360.17BL at End of Q3 2023
English Edition |

ELSTAT: Public Debt Rises to €360.17BL at End of Q3 2023

Meanwhile, the primary surplus at the end of the third quarter amounted to €3.31 billion, based on ELSTAT data, according to ESA (European System of National and Regional Accounts).

A Household of Four Spends up to 1,100 euros Monthly on Basic Needs
English Edition |

A Household of Four Spends up to 1,100 euros Monthly on Basic Needs

According to estimates, food prices in 2024 are expected to increase by an average of 4.6%, adding to the revaluations of 2023 that exceeded an average of 7.2%. Canned goods are projected to increase by 14%, legumes and rice by 10%, and cereals by 8%

Reports: Offers Exceed €1BN for NBG’s 5-Y Bond
English Edition |

Reports: Offers Exceed €1BN for NBG’s 5-Y Bond

The initial interest rate was set at 5%

Support Measures for Young Families Announced on Monday
English Edition |

Support Measures for Young Families Announced on Monday

The increase ranges from 400 to 1,500 euros. Specifically, it is set at 2,400 euros for the first child, 2,700 euros for the second child, 3,000 euros for the third child, and at 3,500 euros for more than four children.

Drama Series Famagusta Hits the Small Screen
English Edition |

Drama Series Famagusta Hits the Small Screen

Premier will be Sunday Jan 21 on Mega TV channel

“Viking Saturn” First Luxury Liner for 2024 in Rhodes
English Edition |

“Viking Saturn” First Luxury Liner for 2024 in Rhodes

Rhodes island could be a top destination for the international cruise ship market in 2024, Vice-Mayor for Tourism and Culture, Giorgos Toppos said

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Τουρισμός: Ζεσταίνονται οι μηχανές για τη νέα χρονιά – Τα μηνύματα
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Και «ζήσαν αυτοί καλά κι εμείς καλύτερα» – Γιατί κινδυνεύουν οι πριγκίπισσες των παραμυθιών
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Στους δρόμους η Νέα Δημοκρατία, τα 3 δισ. της «ασπίδας», η αλήθεια για το καλώδιο Ελλάδας – Κύπρου, τα σχέδια Ξιφαρά, ποιον ξεχωρίζει η JP Morgan, η επέκταση της Dimand

ΑΓΟΡΕΣ ΜΕ ΜΙΑ ΜΑΤΙΑ ΤΑΜΠΛΟ ATHEX ΜΕΤΟΧΕΣ ΕΞ. ΔΙΕΘΝΕΙΣ ΔΕΙΚΤΕΣ

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