Finance

The Overall IPI in June 2023 decreased by 3.0% compared with the corresponding index in June 2022.

Food items continue to experience the largest annual changes, with olive oil surging by 56.7%, cereals up by 7.4%, fresh fish increasing by 8.4%, and mineral water/soft drinks rising by 8.6%.

Romanian lamb is currently priced between 9.50 and 11 euros per kilogram, while Spanish lamb is even pricier, ranging from 9.70 to 11.20 euros per kilogram

Ferry fares in Greece are among the costliest in Europe, increasing by as much as 60% compared to ticket prices in 2019.

Greece’s independent tax bureau, AADE, announced the two-day deadline extension this week, given that the previous deadline of Aug. 31 fell on a Saturday

The independent economic research business based in London appears reassuring regarding the effects of climate change on tourist activity.

This could result in even higher costs, which are likely to be passed on to consumers, though the exact impact will depend on the duration and intensity of the unrest.

The VAT increase from 13% to 24% on served non-alcoholic beverages, effective July 1, has further deterred customers, according to business owners.

Ice cream in Greece is becoming a costly pleasure with a liter selling for at least 3.7 euros in 2023, among Europe's most expensive.

The new digital system targets the submission and management of Transit Logs for private pleasure yachts over 7 meters in length arriving at Greek ports.

The total value of imports, in June 2024 amounted to 6,610.3 billion euros in comparison with 6,779.6 billion euros in June 2023, recording a drop, in euros, of 2.5%

This optimism is fueled by PPC's recent 700 million euro acquisition of Macquarie's renewable energy portfolio in Romania and the company's strong financial performance in the first half of the year.

Adjusted EBITDA remained stable at 326.7 million euros, with gains in Greece offset by declines in Romania.

Looking ahead, Eurobank aims to fully integrate Hellenic Bank’s accounting operations, with this process slated to begin in the third quarter of 2024.

Runway activity will be suspended at Zakynthos, Kefalonia, Corfu, Mykonos, Santorini, Samos, Rhodes, Lesvos, and Kavala airports in the coming months.

In its report, DBRS analyzed Q1 results for the four major Greek banks—Alpha Bank S.A., Eurobank S.A., National Bank of Greece S.A., and Piraeus Bank S.A.

UBS maintained a buy recommendation for both the systemic banks

More than 3.61 million passengers passed through Greece’s biggest and busiest airport last month to account for the 9.3% hike

Resolved private sector cases correspond to a nominal value of 518 million euros, according to finance ministry figures

Greek market analysts described the plunge as imported, following sharp declines in international markets at the end of last week