Finance

According to research by the ENA Institute, over 280,000 economically active people left Greece between 2019 and 2022

The cost for a Golden Visa jumped from €250,000 to as high as €800,000 on September 1, but there are still some ways for third country nationals to get a lower-cost Golden Visa.

Yesterday’s News Wrap-up includes the following: BoG: Total Deposits up in August at 1.9% Total deposits were up in the month of August on a year-to-year basis at 1.9%, compared to 1.4% in July, according to a press release by the Bank of Greece (BoG). EBRD Forecasts 2.4% Growth for Greek Economy in 2024, Positive […]

Labor market conditions also continued to improve in the first half of this year, as the unemployment rate fell to 9.6% in June, the lowest in 15 years.

The annual rate of change regarding the total credit extension in the domestic economy remained constant, settling at 3.8% in August, the Bank of Greece reported.

some Dodecanese islands, such as Rhodes and Kos, as well as Crete are seeing their bookings being extended until November 15

It should be noted that there is a daily 500 euros transaction limit via IRIS per customer with this limit not applying to the total payments a professional can receive in a 24-hour period.

This is a move that aims for the gradual phase-out of lignite units and an increase in renewable energy sources, with a particular emphasis on wind energy.

UK tabloids highlight PM Mitsotakis' plans to combat overtourism through a steep new tourist tax on popular destinations. Meanwhile, Germany warns that the move could drive their tourists to Spain and Italy.

Yesterday’s News Wrap-up includes the following: Ecogenia: Engaging Greece’s Youth in Civic Climate Action The devastating fires in the past years, with the latest last month reaching into Athens’ suburbs, and the resulting floods in Central Greece, have made the need for consistent climate action all the more urgent. Athens to Go ‘Pink’ on Sun. for […]

The HFSF holds an 18.4% stake in National Bank, Greece’s second-largest bank by market value

As UBS notes, the financial institution sector in Greece presents an appealing prospect for higher profit margins for prospective investors, with shareholders reaping the benefits

2025 will commence with an event hosted by JP Morgan in New York, where the Greek stock market 'blue chips' will be represented

A report at IN.gr points out that less than 1/4th of RRF loans have reached their intended recipients, and only Greece and Bulgaria are 'late' on disclosing information on actual recipients of RRF funds.

Conversely, tourists from non-Eurozone countries, particularly from Balkan and Eastern European regions, increased their spending by 15.8% compared to the same period last year.

Regarding monetary policy, the BoG notes that 2024 will see a marginal expansion as a result of investment spending from available EU funds.

The long-term benefits of listing on the Athens Stock Exchange include enhancing the group's profile among the relevant regional investor base

Greece's statistics authority reveals that just 16% of residential homes in Greece are less than 25 years old, and aging housing stocks are driving Greeks to newer rentals.

These projects are expected to upgrade the country’s infrastructure turning it into a gateway for the distribution of inbound products to Europe from the markets of Africa and the Middle East.

According to a major retailer there has been negative inflation in the sector in recent months and that any development must exclusively come from a volume increase.