Finance

The Naxos potato, a PDO-certified product, is facing historically low yields, which will force the island to import potatoes for the first time on record this autumn.

The Greek state aims to raise 500 million euros, according to the Public Debt Management Agency (PDMA)

Specifically, the number of passengers between January and July 2024 totaled 42,538,219, up from 38,833,074 in the corresponding period of 2023.

CEO of the recently renamed Metlen Energy & Metals group said 'tangible measures' are required to protect European industry; cites article on CRMs

According to the BoG figures, travel revenues in the first six months of 2024 reached €6.9 billion, compared to €6.1 billion in the same period of 2023, generating an additional €754 million in 2024 compared to 2023.

In June 2024, the current account balance recorded a surplus of €270.8 million, compared to a deficit in the same month of 2023

The European Union’s (EU) annual inflation rate was 2.8% in July, compared to 2.6% in June, compared to last year when it stood at 6.1%.

Besides the 490 temporary closures, imposed fines imposed exceed 1.34 million euros for instances of revenue hiding

While the Greek government has promised not to change the retirement age until after 2027, studies show that the country's demographics issues may necessitate drastic measures soon after

One in two self-employed professionals in the country declared, in tax statements, an average monthly Income in 2023 of …268 euros    

Greek state budget deficit for January-July 2024 amounted to €121 million, significantly lower than the target of €3.745 billion

The unit is scheduled to hold weekly meetings and will be tasked to map out the progress of pending projects under the Recovery Fund

Compared to the same quarter of the previous year, seasonally adjusted GDP increased by 0.6% in the Eurozone and by 0.8% in the EU

Month-over-month, the General Index rose by 2.1% in June 2024 compared to May 2024, a notable jump from the 0.5% increase recorded in the same period of the previous year.

Central Greece, Western Greece, and the Peloponnese are particularly susceptible to forest fires, while Eastern Macedonia and Thrace are vulnerable due to disparities in per capita GDP. Attica stands out for its extreme vulnerability due to high population density.

More Greeks who left the country during the 2010 economic crisis seeking better conditions are thinking of coming back

Only four out of ten artisans have insured their business assets, and merely 4.8% consider natural disasters, such as floods and fires, to be the greatest threat to their operations.

According to the OECD, Greece experienced the sharpest decline in real per capita household income, which fell by 1.9%, despite a 0.9% increase in real per capita GDP.

The Athens Stock Exchange (ATHEX) was among the global best performers last month, July 2024, mirroring or even exceeding the positive climate in international markets and consecutive record highs posted by the S&P 500 index – all before the Aug. 5 ‘mini crash’ brought back memories of the infamous “Black Monday” of October 1987. The […]

A welcome trend whereby tourist arrivals and related travel remittances continue to grow year on year in post-pandemic Greece has attracted the attention of, among others, the country’s supermarket chains. According to market analysts, although the greater Athens and Thessaloniki areas still account for more than 50% of turnover and consumption in the Greek retail […]