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OT |

English Edition

OT FORUM: Mytilineos Announces Major Contract for UK Subsea Power ‘Superhighway’
English Edition |

OT FORUM: Mytilineos Announces Major Contract for UK Subsea Power ‘Superhighway’

Mytilineos group chairman and CEO Evangelos Mytilineos spoke at the first day of the OT Forum in Athens

Undersea Cable to Connect Israel’s Grid with Europe
English Edition |

Undersea Cable to Connect Israel’s Grid with Europe

The EU has labeled the 2,000-MW project an “electricity highway” connecting the three countries’ national grids via a high-voltage direct current (HVDC) submarine cable.

Electricity Prices: New Tariffs on the Horizon – Which Benefit Consumers?
English Edition |

Electricity Prices: New Tariffs on the Horizon – Which Benefit Consumers?

Mr. Aivaliotis emphasized that social tariffs are continuing as usual. "Support for the vulnerable continues," he underscored, noting provisions even for those using electric heating.

Hellenic Food Authority (EFET): Irregularity Found in 15% of Olive Oils
English Edition |

Hellenic Food Authority (EFET): Irregularity Found in 15% of Olive Oils

The rise in irregularities and adulteration threatens the integrity of the olive oil market, impacting consumer trust and the efforts of genuine producers committed to quality.

Technology: Global Giants arrive in Greece—Investments and next steps
English Edition |

Technology: Global Giants arrive in Greece—Investments and next steps

Location plus economic and political stability lure tech giants to Greece

Youth Pass applications extended until December 12: Greek Prime Minister
English Edition |

Youth Pass applications extended until December 12: Greek Prime Minister

Young people taxed in Greece and who have turned 18 or 19 are eligible to apply

Second Grid-Connecting Greece-Turkey Power Line Eyed for 2029
English Edition |

Second Grid-Connecting Greece-Turkey Power Line Eyed for 2029

The new power line will run for 130 kilometers, of which 70 will be in Greece.

Greece-Turkey Relations: Erdogan Hints at Nuclear Cooperation
English Edition |

Greece-Turkey Relations: Erdogan Hints at Nuclear Cooperation

The Greek Ministry of Environment and Energy declined to comment on the latest remarks by Erdogan, referring to the details officially released during the Mitsotakis-Erdogan meeting in Athens

ELSTAT: Inflation ‘Slows Down’ in November to 3% Compared to 2022
English Edition |

ELSTAT: Inflation ‘Slows Down’ in November to 3% Compared to 2022

This development can be primarily attributed to a significant decrease in the prices of natural gas (-53.2%) and fuels-lubricants

Greece’s Trade Deficit Down by 19.6% in Jan-Oct 2023 Period
English Edition |

Greece’s Trade Deficit Down by 19.6% in Jan-Oct 2023 Period

The value of exports reached 4.421 billion euros, down 8.8 percent from October 2022.

Supermarket Trends: Greek Consumers Favor Snacks, Soft Drinks, and Alcoholic Beverages Over Ten Months
English Edition |

Supermarket Trends: Greek Consumers Favor Snacks, Soft Drinks, and Alcoholic Beverages Over Ten Months

According to data from Circana (formerly IRI) for the ten-month period of January-October 2023, the largest sales volume increase was recorded in non-alcoholic beverages and snacks at +4.4%, and alcoholic beverages at +4.3%

Zara Launches Clothing Resale Platform in Greece
English Edition |

Zara Launches Clothing Resale Platform in Greece

Zara is set to introduce its Zara Pre-Owned platform in Greece on December 12 2023, providing customers with the opportunity to sell and purchase second-hand Zara clothing

ELSTAT: Greek GDP up by 2.1 pct in Q3 of 2022
English Edition |

ELSTAT: Greek GDP up by 2.1 pct in Q3 of 2022

In terms of volume, ELSTAT data indicated a marginal 0.02 percentile upward tick in the 3rd quarter of 2023, in comparison to the previous quarter of the same year

Extension of Reduced VAT Rates Announced in Greek Tax Legislation
English Edition |

Extension of Reduced VAT Rates Announced in Greek Tax Legislation

The Greek Ministry of Finance introduced an amendment to the tax bill, extending the reduced VAT rates until June 2024

Eurobarometer: 87% of Greeks See Their Standard of Living Decreasing in 2024
English Edition |

Eurobarometer: 87% of Greeks See Their Standard of Living Decreasing in 2024

Greek policy priorities include the fight against poverty and social exclusion, the economy and job creation and public health

Fitch: Greece one of 4 EZ Members to See Foreign Debt Ratio Reduction in 2024
English Edition |

Fitch: Greece one of 4 EZ Members to See Foreign Debt Ratio Reduction in 2024

Fitch sees the ECB announcing a reduction, by 75 basis points, in rates as of June 2024, and dropping to 3.75 percent by the end of 2024

Morgan Stanley: Greece to Post 2.3% Growth for 2023, 3rd Quarter Hit by Natural Disasters
English Edition |

Morgan Stanley: Greece to Post 2.3% Growth for 2023, 3rd Quarter Hit by Natural Disasters

The Greek economy continues its positive course overall, but third quarter is seen slowing

Eurostat: Greek Households Post Worst Savings Rate in EU at -4pct
English Edition |

Eurostat: Greek Households Post Worst Savings Rate in EU at -4pct

Only citizens in Poland and Greece spend more than they save

Making Europe’s trade agenda work for Greek businesses
English Edition |

Making Europe’s trade agenda work for Greek businesses

One in seven Greek jobs depends on exports to countries outside of the European Union

Global Rise in Greek Real Estate Investments via Golden Visa
English Edition |

Global Rise in Greek Real Estate Investments via Golden Visa

Policy changes and geopolitical shifts attract global investors in Greek real estate

Interview with Endy Zemenides: Kissinger’s Legacy of Immoral Political Realism
English Edition |

Interview with Endy Zemenides: Kissinger’s Legacy of Immoral Political Realism

"Kissinger was directly responsible for the worst relationship between Greece and the United States we have ever had," says the executive director of the Hellenic American Leadership Council

Christmas Holiday Season: Hotel Bookings Soar
English Edition |

Christmas Holiday Season: Hotel Bookings Soar

Depending on the region, the upcoming 15-day Christmas period is expected to be one of the best in recent years, according to Angelos Kallias, the head of the informal group of hoteliers in mountainous and semi-mountainous destinations

PM Mitsotakis: Postal Vote a Historic Political Reform
English Edition |

PM Mitsotakis: Postal Vote a Historic Political Reform

In his wekly update, the PM also touched on judicial reforms

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