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OT |

English Edition

Greece to Spend 4 bln on Social Support Programs in 2024
English Edition |

Greece to Spend 4 bln on Social Support Programs in 2024

The programs will be run by Greece's Ministry of Social Cohesion and Family

Greek Banks’ HQs Eye Central Athens, After Coastal Relocation Set Aside
English Edition |

Greek Banks’ HQs Eye Central Athens, After Coastal Relocation Set Aside

Eurobank last week announced that its top management have already been relocated to the Bodosakis Building, renamed the “Eurobank Headquarters”, a noted structure in the heart of Athens.

Primary Budget Surplus of 5.826 bln€ in Jan-Nov 2023
English Edition |

Primary Budget Surplus of 5.826 bln€ in Jan-Nov 2023

Up from surplus target of 3.771 billion euros, and primary deficit of 1.091 billion euros reported over corresponding period in 2022.

Former EU Commission president , 98, dies
English Edition |

Former EU Commission president , 98, dies

According to afp, the 98-year-old Delors died in his sleep at his Paris home on Wednesday, in quoting his daughter.

Bonds Yields Decline in the Eurozone – Greek 10-Year Below 3%
English Edition |

Bonds Yields Decline in the Eurozone – Greek 10-Year Below 3%

The benchmark German 10-year bond, a reference point for the Eurozone, also saw a decline of 4 basis points to 1.931%, reaching its lowest level since March of the previous year.

Retail Holiday Schedule
English Edition |

Retail Holiday Schedule

Shop owners anticipate that the increased traffic, already recorded since the previous week, will boost their turnover

Tourism: The Four Sectors of the Economy that Soared in 2023
English Edition |

Tourism: The Four Sectors of the Economy that Soared in 2023

On a global scale, tourism reached 86.6% of 2019 arrivals by the ninth month of 2023, with Mediterranean inbound travel bouncing back to 2019 levels

Greek Econ Momentum Expected to Continue in 2024
English Edition |

Greek Econ Momentum Expected to Continue in 2024

A post-pandemic recovery was more-or-less highlighted with last week’s designation by the Economist of Greece as its “Country of the Year” for 2023

Beleaguered Rail Transport in Greece Attempting ‘Restart’
English Edition |

Beleaguered Rail Transport in Greece Attempting ‘Restart’

The resumption of freight services two weeks ago relieved a three-month backlog, but the damage incurred to rail transport reliability is enormous

Hydrocarbons: 2024 is Year of Decisions for Investors in Greece
English Edition |

Hydrocarbons: 2024 is Year of Decisions for Investors in Greece

Indications of natgas deposits in sea regions off western Greece, Crete

Real Estate Sector Attracts 1.64 bln€ in FDIs in 2023
English Edition |

Real Estate Sector Attracts 1.64 bln€ in FDIs in 2023

One firm estimates that the Greek market is seventh, worldwide, in terms of popularity for purchasing luxury residences, having recently surpassed Portugal and Spain, which are in ninth and 14th place, respectively

Greece’s Surging Second-Hand Market
English Edition |

Greece’s Surging Second-Hand Market

According to a recent market survey by Focus Bari/YouGov, roughly one in two consumers in Greece has already purchased an item from a retailer specializing in second-hand goods, mostly clothing.

Top Greek Banker Hardouvelis: High Inflation, Interest Rates for Another Decade
English Edition |

Top Greek Banker Hardouvelis: High Inflation, Interest Rates for Another Decade

Speaking at the annual Hellenic Finance and Accounting Association conference this month in Athens, Hardouvelis, a former Greek finance minister, nonetheless declared the biggest problem facing Greece to be population decline

Greece Facing Labor Shortage; Both Skilled, Unskilled Employees Sought
English Edition |

Greece Facing Labor Shortage; Both Skilled, Unskilled Employees Sought

According to a recent survey 82% percent of employers asked in the first quarter of 2023 reported difficulties finding human resource talent

Bild: The Greek Miracle, and the Remaining ‘Thorns’
English Edition |

Bild: The Greek Miracle, and the Remaining ‘Thorns’

The German mass media outlet includes statements from Greek PM Kyriakos Mitsotakis, who said the country has turned a new chapter

Public and Private Sector New Salary Scheme
English Edition |

Public and Private Sector New Salary Scheme

Civil Servants will get an extra 70 euro increase while private sector employees will see a rise in the minimum wage by spring 2024

OT FORUM – Minister Skrekas, Texan CEO Mourgos: Greece Now an Investment-Friendly Destination
English Edition |

OT FORUM – Minister Skrekas, Texan CEO Mourgos: Greece Now an Investment-Friendly Destination

Green growth, investments and Greece as an attractive investment destination discussed, along with specter of inflation

Lampsa Group, Intracom Agree to Increase Stake in Regency Casino
English Edition |

Lampsa Group, Intracom Agree to Increase Stake in Regency Casino

The specific casino remains the sole such gaming entity in the wider Athens-Piraeus area

Construction of Cable Section for Crete-Cyprus Interconnector Begins
English Edition |

Construction of Cable Section for Crete-Cyprus Interconnector Begins

The cable section specifically refers to the Crete-Cyprus interconnection, marking the first significant step in the contract signed last July, according to IPTO

Eurobarometer: 80% Greeks Cannot Pay Bills
English Edition |

Eurobarometer: 80% Greeks Cannot Pay Bills

In response to the same question, 62% of citizens in other EU member states state they face no problems paying bills, 28% say they encounter challenges occasionally, 9% report frequent financial management issues, and 1% did not respond

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