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OT |

English Edition

Greece Mandates IRIS Payment Integration for All Businesses by 2025
English Edition |

Greece Mandates IRIS Payment Integration for All Businesses by 2025

The Minister of National economy and Finance, Kostis Hatzidakis, highlighted that the IRIS system is a priority, stating that 3.3 million IBANs are already connected with IRIS

Greek Economy Bounces Back Impressively, German Handelsblatt Reports
English Edition |

Greek Economy Bounces Back Impressively, German Handelsblatt Reports

Once at risk of default, Greece has made notable progress in debt reduction over the past few years

EC Approves €150mln Greek State Aid Measure for Carbon Storage Facility in Prinos
English Edition |

EC Approves €150mln Greek State Aid Measure for Carbon Storage Facility in Prinos

The aid will take the form of a direct grant, which will be disbursed in three installments until 2026

October 28: Traffic Regulations and Public Transport Adjustments
English Edition |

October 28: Traffic Regulations and Public Transport Adjustments

Road closures and transportation changes will be in effect across Athens and Piraeus until the National Day events conclude

Greek Finance Minister Wraps Up Trip to Washington D.C.
English Edition |

Greek Finance Minister Wraps Up Trip to Washington D.C.

The Greek delegation included Council of Economic Experts president Michael G. Arghyrou​ and Public Debt Management Agency Director General Dimitris Tsakonas

ELSTAT: Construction Material Prices Remain High in Greece
English Edition |

ELSTAT: Construction Material Prices Remain High in Greece

According to recent data from the Hellenic Statistical Authority (ELSTAT), the General Index of Construction Material Prices for New Residential Buildings rose by 5.5%

Greek Finance Minister: “Greece was living beyond its means”
English Edition |

Greek Finance Minister: “Greece was living beyond its means”

Finance Minister Kostis Hatzidakis told Reuters Greece needs to focus on fiscal prudence, and that the country had to learn from past mistakes

Greek Economy Faces Pressing Challenges Amid Global Uncertainty
English Edition |

Greek Economy Faces Pressing Challenges Amid Global Uncertainty

Major issues that are expected to intensify if not addressed, include the high current account deficit, the substantial investment gap, low productivity, and the question of long-term growth

Greece Expands Investigation into Profit Margin Cap Violations
English Edition |

Greece Expands Investigation into Profit Margin Cap Violations

The investigation into potential violations of Greece's profit margin cap now includes 26 major food and non-food companies as well as 9 supermarket chains

Inflation Drains Minimum Wage Gains in Greece, Prompting New Reform Plan
English Edition |

Inflation Drains Minimum Wage Gains in Greece, Prompting New Reform Plan

Calculations show that the real wage as of September 2024 is 693 euros, meaning the actual minimum wage has yet to reach 700 euros

Luxury Holiday Homes in Greece Surge in Demand
English Edition |

Luxury Holiday Homes in Greece Surge in Demand

Trends regarding holiday homes in Greece, in recent years, are primarily driven by the significant demand of affluent clients who seek to buy more comfortable family homes

Majority of Greeks Over 50 Face Retirement Without Pensions
English Edition |

Majority of Greeks Over 50 Face Retirement Without Pensions

Most Greeks aged 50-74 do not receive any old age pension

SEV President to Call for Major Industry Investments and Clear Reforms
English Edition |

SEV President to Call for Major Industry Investments and Clear Reforms

SEV’s president is also expected to emphasize the need for clear, streamlined licensing processes and structural issues that hinder the industry

US Government Says North Korea Sent Troops to Russia
English Edition |

US Government Says North Korea Sent Troops to Russia

North Korea has sent 3,000 troops to Russia for possible deployment in Ukraine, according to to US government official

IMF: Greece’s Public Debt to Drop Nearly 30% Points by 2029
English Edition |

IMF: Greece’s Public Debt to Drop Nearly 30% Points by 2029

The forecast was included in the D.C.-based Fund’s Fiscal Monitor report on global fiscal developments

Greek Shipping Remains Global Leader
English Edition |

Greek Shipping Remains Global Leader

The Greek-owned fleet, comprising 4,992 ships with a total carrying capacity of 394,977,181 dwt, maintains the top global position

AIA and Fraport to Invest €3bln to Expand Passenger Capacity
English Edition |

AIA and Fraport to Invest €3bln to Expand Passenger Capacity

Athens International Airport (AIA) is expected to experience further expansion in flight operations in 2025 from the United States

Greece: Bread Prices Up 39% Since 2020, Still 2nd Cheapest in Europe
English Edition |

Greece: Bread Prices Up 39% Since 2020, Still 2nd Cheapest in Europe

The cost of half a kilo of fresh bread in Greece is the second lowest in Europe and 48% lower than the European average, standing at €1.21.

Greece’s Tax Authority Plans Digital Property File to Find Vacant Properties, Undeclared Rental Income
English Edition |

Greece’s Tax Authority Plans Digital Property File to Find Vacant Properties, Undeclared Rental Income

As Greeks continue to struggle to find affordable and suitable housing, Greece's tax authority is taking steps to determine the true scale of vacant properties that could become available on the market through the creation of a digital property file.

2024 Tax Competitiveness Index: Greece 27th of 38 OECD Countries
English Edition |

2024 Tax Competitiveness Index: Greece 27th of 38 OECD Countries

The country remained in the same spot from last year's list and is sandwiched between Belgium (26th) and Denmark (28th). For the 11th year in a row, Estonia ranked 1st on the Index

Over €3bln Injected in Greek Economy – PM Speaks at Event
English Edition |

Over €3bln Injected in Greek Economy – PM Speaks at Event

Additionally, a 300 million euro Guarantee Fund will be created with the European Investment Bank, leading to 1.5 billion euros in leverage

Tax Bureau Chief: Short-Term Leasing Revenues at 830mln€ in 2024
English Edition |

Tax Bureau Chief: Short-Term Leasing Revenues at 830mln€ in 2024

More than 6,200 legal entities and individuals in Greece have declared more than three properties offered up for short-term leasing

IMF on Greek Economy: 2.3% in GDP growth in 2024; 2% in 2025
English Edition |

IMF on Greek Economy: 2.3% in GDP growth in 2024; 2% in 2025

The corresponding forecasts by the Greek government are 2.2% for 2024 and 2.3% for 2025

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