Finance

Economist Penelopi Goldberg concludes that Greece striving to be Europe’s Economic haven has resorted to an ‘extreme measure’: extracting more hours from the existing workforce.

The Total Building Activity (private and public) in Greece, in May 2024, based on the issued building permits, amounted to 2,065.

This puts Greece among the most costly countries in Europe for alcoholic beverages placing it 3rd out of the 27 EU states, with prices reaching 51% above the average.

The Greek solar panel (photovoltaic) industry is on course to set a new record, according to the Hellenic Association of Photovoltaic Companies (HELAPCO)

Additional 2025 plans include reducing social security contributions by 0.5%, eliminating the business tax for professionals, reinstating the Special Consumption Tax refund for farmers, increasing the student housing allowance, and suspending VAT on construction.

Alpha Bank, Eurobank, National Bank, and Piraeus Bank are the Greek banks likely to record historical highs in profitability, paving the way for even greater shareholder rewards in 2025, with 35% of 2024 profits expected to be returned.

The increase in cost of pharmaceutical drugs in Greece ranges from 1 to 5 euros, and will lead to higher out-of-pocket contributions for consumers.

Upon delivery of all contracted for vessels by the third quarter of 2027, CCEC expects to become the largest US-listed LNG transportation company

An IMF report cites a 30-percentage-point decrease in the GDP-to-debt ratio due to continued economic growth, inflation and a 2018 debt relief agreement

Greece's most iconic agricultural products are already impacted by climate change and the future of Greek farmers is getting increasingly uncertain.

Beyond the traditional 'stars' of Greek tourism, such as Crete, Rhodes, Mykonos and Santorini, other Greek islands' occupancy rates near 100%, like Naxos, Ios, Samos, Skopelos, Lipsi, Andros and Astypalia. Surprisingly, destinations accessible by car underperformed.

This is an increase of 4.3% compared with the second quarter of 2023 when the respective turnover was 17.37 billion euros

Greece's tax authority AADE will be focusing on private vehicles, professionals, and businesses as it steps-up its attempts to combat tax evasion

Catch up on the most important events in Greece from the day before with To Vima English Edition's News Wrap-up

Media reports claim massive project - an entire tourist village - pending on picturesque Astypalaia, a still laid-back and traditional Aegean isle

The latest sweep by Greece’s tax bureau, this time targeting the e-commerce sector in the first half of the year, reportedly identified 52 online violators

Greek market experts are forecasting a 15-20% rise in the price of basic goods, coffee, and cocoa in September.

Total amount offered reaches 985mln€, which was covered 1.97 times

The Greece Golden Visa Program is a residence-by-investment program launched in 2013 that enables non-EU nationals and their family members to obtain permanent residence permits in Greece. The residence permits may be renewed every five years.

Four cases of goatpox, also known as sheep pox, were confirmed on Tuesday, August 20, and protection measures have been enforced