The 3.2bln-euro deal by Masdar is the largest energy transaction on the Athens Stock Exchange and one of the biggest in the European renewables sector
Consumers in the country are paying more for basic goods such as bottled water, as inflationary pressure sends the cost of living skyward
The company approved a record 199.4-million-euro dividend distribution to its shareholders, or 1.80 euros per share, in a general meeting to be paid out on Wednesday, July 3rd.
The Cycladic Island of Mykonos and the Ionian Island of Paxos were the priciest destinations to buy a home in May 2024
Some other related fines in the pipeline, such as those for decommissioned vehicles found to be in circulation, are as steep as 10,000 euros
Bond carries a fixed rate of 3.375%, and with maturity date of June 15, 2034.
SEV represents Greece’s major industrial and manufacturing sector and comprises the most prominent employers’ group
Singapore is the most competitive economy out of 67 across the world’s eight major regions.
In the Ionian Islands, construction activity not only saw a 58.2% increase but also experienced a 31.3% rise in the number of building permits and a 50.2% increase in area under construction.
JP Morgan's economic forecasts for Greece remain steady, projecting growth of 2.2% for the year alongside inflation at 2.8%.
A year earlier, the rate was 6.1%. European Union's annual inflation was 2.7% in May 2024, up from 2.6% in April. A year earlier, the rate was 7.1%
One notable project, called the Great Sea Interconnector, aims to link Greece, Cyprus and Israel via underwater electrical cables
National economy ministry said tax revenues reached 24.827 billion euros over the first five-month period of the year
MoC between Meridiam fund and Independent Power Transmission Operator involves undersea cable project connecting the grids of Israel, Cyprus and Greece
Greece saw a significant rise in hourly labor costs, increasing by 7.9%, with the business economy experiencing a 10% hike.
German publication FAZ highlights the low wage rates in the country, despite Greeks working more hours compared to other EU member-states
Greece's Public Debt Management Agency is preparing the official request to be submitted at September's Euro Working Group meeting
The government plans to advance institutional reforms, particularly to tackle the housing shortage, and will review adjustments aimed at rectifying tax burdens on self-employed professionals.
Transport Minister Christos Staikouras noted that the long term goal is to replace at least 1,300 outdated buses with new, low-emission vehicles by 2027
Meanwhile, the Production Index in Construction (IPC) in the 1st quarter of 2024 recorded an increase of 5.0%