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OT |

English Edition

Developing the Blue Carbon Economy in Greece
English Edition |

Developing the Blue Carbon Economy in Greece

Can Greece make money by protecting its marine environment?

EIB Appoints Greece’s Ioannis Tsakiris as New VP
English Edition |

EIB Appoints Greece’s Ioannis Tsakiris as New VP

Ioannis Tsakiris started the new role May 1 after spending 15 years at the European Investment Fund (EIF) and serving as Greece’s Deputy Minister for Development and Investments

Two Greek Beaches in Top 50 in the World
English Edition |

Two Greek Beaches in Top 50 in the World

Both Greek beaches were on the list of the best beaches in Europe too

Eurostat: Greece 20th out of 26 European States in Hourly Average Wage
English Edition |

Eurostat: Greece 20th out of 26 European States in Hourly Average Wage

According to figures released by Eurostat, the Benelux Grand Duchy of Luxembourg, one of Europe’s hubs for finance, is in first place

Greek Property Renovation Surge amid Economic Constraints
English Edition |

Greek Property Renovation Surge amid Economic Constraints

This has led to a notable escalation in renovation costs, with average prices per square meter exceeding previous norms and reaching even 1,000 euros in premium locations

RRF: Additional €5.1bln Funds for Subsidies to Greece in 2025
English Edition |

RRF: Additional €5.1bln Funds for Subsidies to Greece in 2025

By April 22, funds totaling 5.75 billion euros had been transferred for approved projects of the Recovery Fund to entities within and outside the general government and final recipients

OECD: Greek Economy Resilient with 2% Growth Forecast for 2024
English Edition |

OECD: Greek Economy Resilient with 2% Growth Forecast for 2024

However, the OECD highlights challenges including the need to enhance productivity and fiscal adjustment due to high debt levels.

Challenges and Delays in Greece’s Hydrocarbon Exploration
English Edition |

Challenges and Delays in Greece’s Hydrocarbon Exploration

Sources disclose that the petroleum companies holding the concessions are seeking partners to jointly invest and share the costs of exploration and drilling.

Greek Beach Visitors Can Report Violations on New ‘MyCoast’ App
English Edition |

Greek Beach Visitors Can Report Violations on New ‘MyCoast’ App

Greek authorities hope the newly-launched, free ‘MyCoast’ app will help clamp down on public beach violations

BoG Figures Confirm Banner Year for Greek Tourism in 2023
English Edition |

BoG Figures Confirm Banner Year for Greek Tourism in 2023

20.6 billion euros in related revenues topped the previous year’s figure by 16.5%

Piraeus Bank to Propose First Dividend in 16 Years
English Edition |

Piraeus Bank to Propose First Dividend in 16 Years

Piraeus Bank has forecast profits of roughly 900 million euros this year, rising to one billion euros next year

Eurostat: Inflation in Greece Eases to 3.2% in April; 2.4% in Eurozone
English Edition |

Eurostat: Inflation in Greece Eases to 3.2% in April; 2.4% in Eurozone

The rate of increase for food prices was up by 4.9% in April 2024, compared to 4.8% in the previous month

ELSTAT Feb. Retail Turnover Drops by 3.8%, Sales Volume Plummets by 9.8%
English Edition |

ELSTAT Feb. Retail Turnover Drops by 3.8%, Sales Volume Plummets by 9.8%

Additionally, the seasonally adjusted General Volume Index for Feb. 2024 experienced a 3.8% decrease compared to the previous month of the same year

Greek Buyers Lead Return to Vacation Home Market
English Edition |

Greek Buyers Lead Return to Vacation Home Market

In the last six months, Greeks have made a surge into the vacation home market, notably without relying on loans

NBG Receives BBB Investment Grade by DBRS
English Edition |

NBG Receives BBB Investment Grade by DBRS

This makes NBG the first Greek bank to regain Investment grade status, nearly 15 years after the onset of the Greek financial crisis

Greek Gov. Budget: Primary Surplus 3bln in Q1 2024
English Edition |

Greek Gov. Budget: Primary Surplus 3bln in Q1 2024

Value Added Tax (VAT) revenues reached 5.876 billion euros, down by 16 million euros compared to the target

Athens’ Public Transport System Gets Green “Facelift”
English Edition |

Athens’ Public Transport System Gets Green “Facelift”

The future of urban transport in Greece's capital city includes electrification, hydrogen, kinetic energy and even heighted security and monitoring through the use of drones

Athens Int’l Airport: 16.2% EBITDA Increase and 16.5% Passenger Growth in Q1 2024
English Edition |

Athens Int’l Airport: 16.2% EBITDA Increase and 16.5% Passenger Growth in Q1 2024

Following the strong performance in the first quarter, the company revised its annual passenger traffic forecast for 2024 to 29.9 million passengers, a 6.3% increase (or roughly 1.8 million passengers) from 2023 levels.

Oxford Economics Report: Greek Economy is Just Below Risk Zone
English Edition |

Oxford Economics Report: Greek Economy is Just Below Risk Zone

However, the report points to a persistent challenge in the form of commercial credit risk, which remains high at 8 out of 10, ranking Greece 104th internationally

Deadline for Postal Vote Registration Expires on Mon.
English Edition |

Deadline for Postal Vote Registration Expires on Mon.

More than 157,000 Greek citizens had registered on the relevant online platform so far

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