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Transport Minister Christos Staikouras noted that the long term goal is to replace at least 1,300 outdated buses with new, low-emission vehicles by 2027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%
The 15.7% surge in April 2024's output price index is primarily attributed to a substantial 23.7% hike in the crop output group, driven mainly by the price increases in olive oil and fruits.
Scheduled throughout the summer from mid-June to October, these auctions feature hotels spanning from three-star accommodations to luxurious five-star resorts, each offering varied facilities, capacities, and amenities.
An international ring of fraudsters has been laundering illegal income through 39 luxury villas in Ano Mera, Mykonos, and enormous apartments on the Athens Riviera.
A new Eurostat report shows 26% of Greeks are at risk of poverty or social exclusion, which is above the EU average of 21.4% and the 4th highest in the EU