Finance

Three of the four bankers have already announced dividends for 2023's results, the first such distribution of profits after three successive bailouts

Focusing on Private Construction Activity during this period, there was a 41.8% increase in building permits nationwide, a 40.2% rise in the area, and a 26.8% expansion in volume

Voting in favor were deputies of ruling New Democracy (ND) and the lesser opposition PASOK party.

The extension was more-or-less expected, as tens of thousands of returns have not been filed, while glitches plagued the online system over the past few days

In his opening address, Chairman Gikas Hardouvelis stressed that the National Bank has turned a new chapter and is now a key player in advancing the domestic banking sector and the Greek economy.

Notably, the bank is slashing fees for the IRIS payments interbank service by 50% for professional use.

The call for proposals, expected this autumn, targets Greek islands and will support hybrid systems that address both water scarcity and renewable power generation.

A new meeting is scheduled for tomorrow morning, just hours before the deadline, to re-evaluate the situation, with the possibility of a brief extension until July 31 remaining.

The field survey saw participation from 5,076 Greek businesses, with results weighted by region and sector of activity to ensure they are representative of the entire country

The Greek government is preparing 6 interventions to its pension system and highlights that retirement age limits will remain unchanged until 2027

A relevant announcement said the merger with Pancreta is expected to be completed by mid September

Owner of Minoan Lines Grimaldi Group acquired a 67% share of the port for a total price of 80 million euros.

The Commission's preliminary assessment of Greece's request, completed on June 14, 2024, was positive, reflecting Greece's successful implementation of its recovery and resilience plan.

Streamlined process envisioned in draft law aims to cut 'red tape' in real estate transactions, including parental transfers of property to offspring

Greece's growth in short-term bookings in Q4 2023 on platforms like Airbnb outpaced the EU average, recording a 28.7% increase compared to Q4 2022, higher than the EU's average growth of 22.7%

Economy and Finance Minister Kostis Hatzidakis added: If deal for Attica Bank, Pancreta Bank falls through then both institutions risk collapse

Eurobank CEO Fokion Karavias also revealed that a public offer to acquire 100% of Hellenic Bank on Cyprus is underway

The Katlan project is expected to unlock additional value in Israeli waters, enhancing energy security and supporting sustainable development in both Israel and the wider region.

Uber, the US-based multinational said use of the app to hail a ride in Greece last April was up 72% compared with April 2023

At the same time, the formerly bailed east Mediterranean country records the biggest decrease in debt-to-GDP, on a quarterly basis