Finance

Spiti Mou 2’ housing program is set to open for applications in January with broader income and age requirements.

This legislation will impose new obligations on property owners offering AirBnB-like leasing, mostly conditions related to health, safety and operational guidelines

Lamda Development cited a consideration of 150mln€ for the land transaction with a Prokopiou -owned company, with a total investment billed at half a billion

The program is anticipated to attract investors as the investment required for the Startup Visa is significantly lower, compared to the 400,000 euros necessary for the acquisition of the Golden Visa.

The performance was almost double the target of 3.316 billion euros

The announcement came days after Moody's the same for Greece's outlook while maintaining the sovereign credit rating one notch below 'investment grade' at Ba1

An example of this effort is the recent decision by Sklavenitis, a leading supermarket chain, in Greece, to abolish six-day workweeks for all employees starting on Nov. 1.

For 2024, the growth rate of the Greek economy is now expected to reach 2.14%, up from the previous estimate of 2.09%.

Athens awaits the much anticipated response from the Cypriot government regarding the Great Sea Interconnector project, which involves a power cable linking the grids of Greece, Cyprus and Israel, paving the way for the energy interconnection of the three countries, this week. Cyprus’ decision will regard an agreement draft that was finalized on September 10 […]

The latest official figures by the Bank of Greece (BoG) confirm that residential rents continue to rise throughout Greece, with the northern metropolis of Thessaloniki leading the way with an average 9.1% increase year-on-year in the cost of registered residential leases in the first quarter of the year. The figures hold more weight than similar […]

Another increase in tax values to match current market levels would likely trigger a further spike in real estate prices, exacerbating the already severe housing problem.

The Greek government, as noted by the Financial Times, provided 50 billion euros to the country’s four largest banks during its prolonged debt crisis.

The French firm says Portugal, Italy, Ireland, Greece, and Spain are good options for investors due to economic growth and political stability

Moody’s is the last of the major credit rating firms not to have upgraded the Greek economy to 'investment grade', retaining the Ba1 rating - a notch below

The data concerns companies maintaining double-entry bookkeeping, and for which monthly data are available.

The primary difference in talks between Greece and Cyprus over Great Sea Interconnector project appears to be cost-sharing

Moody's is the fifth major credit rating agency to be approached for an investment-grade rating—after DBRS, Fitch, S&P, and Scope have already upgraded Greece.

Conversely, the volume of goods in Greece's ports decreased by an infinitesimal 0.1%  in the first quarter 2024 compared with 1Q 2023

In contrast to Athenians, people working in Berlin have an average annual gross salary package ranging between €40-000 and €60,000, with a gross salary between €64-70,000 considered good.

Job vacancies have become a significant challenge for the Greek economy, as they continue to grow, halting the country’s economic growth.