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OT |

English Edition

Gov’t, Contractor Pledge to Open Thessaloniki Metro in Nov.
English Edition |

Gov’t, Contractor Pledge to Open Thessaloniki Metro in Nov.

On-and-off again efforts to design, finance and finally commence construction of a underground fixed rail line in Thessaloniki date back decades

Voting by Mail for Greek Diaspora: From Draft Law to Implementation
English Edition |

Voting by Mail for Greek Diaspora: From Draft Law to Implementation

Allowing Greek citizens abroad the right to vote from their permanent or temporary residence has the ability to completely alter for the better the relationship between the Diaspora with the Greek state

Greek FinMin at ECOFIN Meeting: Common EU Energy Policy Needed
English Edition |

Greek FinMin at ECOFIN Meeting: Common EU Energy Policy Needed

Hatzidakis proposed energy interconnection between Europe and eastern Mediterranean countries like Egypt and Israel, adding that apart from strengthening energy security and stability in the region this would also serve the EU’s geopolitical interests

Commission: Raise Wages with Caution
English Edition |

Commission: Raise Wages with Caution

However, the Commission warned about the need for balance, emphasizing that substantial wage hikes, without parallel productivity gains, could adversely impact competitiveness across Europe

Reports: Greek-Owned Bulker Hit by Missile in Red Sea
English Edition |

Reports: Greek-Owned Bulker Hit by Missile in Red Sea

The Malta-flagged ship sustained “minor damage”, according to maritime sources

Eurostat: Who Are The Happiest Europeans?
English Edition |

Eurostat: Who Are The Happiest Europeans?

In all countries except Bulgaria, the average life satisfaction was above 6, indicating that most people in the EU reported being more satisfied than dissatisfied, explained the statistical agency

Greek PM Convenes Top Meeting on Generative AI in the Country
English Edition |

Greek PM Convenes Top Meeting on Generative AI in the Country

The specific study was composed last autumn by the Athens-based Demokritos National Research Center and serves as the first strategic foresight for the use of generative AI in Greece, according to its authors

Olive Oil Prices Continue to Singe Consumers
English Edition |

Olive Oil Prices Continue to Singe Consumers

A five-liter can rose, on average, from 58 euros to 65 euros over the same period.

State Budget: €3.692BL Primary Surplus in 2023
English Edition |

State Budget: €3.692BL Primary Surplus in 2023

Net tax revenues including rebates recorded an increase of €337 million for the twelve months, exceeding the set targets. This rise was mainly attributed to the revenues in November but was offset by an increase in payments by the Public Investment Program by €362 million compared to the targets.

Athens Int’l Airport to Go Public on ASE
English Edition |

Athens Int’l Airport to Go Public on ASE

The airport accounts for approximately 35% of the country's total air traffic, serving over 28 million passengers in 2023

Analysis: Causes of Stubborn Inflation in Greece
English Edition |

Analysis: Causes of Stubborn Inflation in Greece

The Greek economy is facing 8 chronic "ailments" fuelling inflation which can be distilled to a mix of Greed for profits by businesses “Greedflation”, dependence on domestic production and consumption on imports, the pandemic, the energy and climate crisis, along with low wages

Car Sales Surge in 2023
English Edition |

Car Sales Surge in 2023

The 130,000-car threshold had not been reached since 2010, the year that saw Greece propelled into a punishing economic crisis and financial downturn.

Food Price Hikes Taking a ‘Bite’ Out of Greek Households’ Budgets
English Edition |

Food Price Hikes Taking a ‘Bite’ Out of Greek Households’ Budgets

The Eurostat data on year-on-year changes in the price of essential food items in the Eurozone and individual member-states reveal an ominous situation for Greek households, compared to the European average and even with products exported by the country.

Tourism: 10 Greece Destinations Among Dutch Favs
English Edition |

Tourism: 10 Greece Destinations Among Dutch Favs

Crete, Samos and Corfu atop the list

Greek PM Mitsotakis Set to Begin Stepped Up 2-Month Int’l Contacts
English Edition |

Greek PM Mitsotakis Set to Begin Stepped Up 2-Month Int’l Contacts

Davos, NYC, Chicago, EU Summit scheduled, with prospect of official visits to New Delhi, Seoul, Canada also cited

Import Price Index in Industrial Sector Falls by 8.6% in Nov.
English Edition |

Import Price Index in Industrial Sector Falls by 8.6% in Nov.

EL.STAT attributed the development to “imported inflation” as well as an 11.6% decrease in the import price index from non-Eurozone countries, and finally, a 2.4% reduction in the Eurozone index.

SSM, SRB Heads Received by Greek PM, BoG Gov., Bank Reps
English Edition |

SSM, SRB Heads Received by Greek PM, BoG Gov., Bank Reps

De-investment in Greece’s four systemic banks by the Hellenic Financial Stability Fund (HFSF) through public offerings was also discussed

Greek Pharma Sector Faces Challenges Amid Drug Shortages
English Edition |

Greek Pharma Sector Faces Challenges Amid Drug Shortages

An aging population and economic constraints contribute to a strained Greek National Healthcare System (ESY), appearing insufficient in meeting the demands of the times

Goldman Sachs Forecasts ATHEX General Index to Reach 1,550pt at End of 2024
English Edition |

Goldman Sachs Forecasts ATHEX General Index to Reach 1,550pt at End of 2024

The previous forecast by the firm on the Greek Stock Exchange was 1,375, with Goldman Sachs reiterating its prior estimation of an 8% rise in earnings per share (EPS) for Greece

ELSTAT: Dec. 2023 Inflation Up by 3.5% from Nov. 2023 – Down 0.5% from Dec. 2022
English Edition |

ELSTAT: Dec. 2023 Inflation Up by 3.5% from Nov. 2023 – Down 0.5% from Dec. 2022

This data confirms recent figures released by the European Statistical Authority (Eurostat), according to which inflation saw a spike in both Greece and the Eurozone as a whole in December

Boehringer Ingelheim: New 120 million euro Investment in Greece
English Edition |

Boehringer Ingelheim: New 120 million euro Investment in Greece

The biopharmaceutical company announced an investment of 120 million euros to expand and upgrade its plant in the Attica region, adding 110 new jobs

Aegean Airlines Announces Record-Breaking Seat Figures for 2023
English Edition |

Aegean Airlines Announces Record-Breaking Seat Figures for 2023

 The airline cited 11.1 million seats for international destinations, up 2.2 million up from 2022, and said its traffic reached 9.2 million passengers, up 29% from the previous year.

Provisions for Environmental Protection, Development in Public Beach Draft Bill
English Edition |

Provisions for Environmental Protection, Development in Public Beach Draft Bill

Draft legislation aims to establish a clear legal framework that strikes a balance between effectively protecting coastlines, as an environmental element, while not hindering economic development

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