Finance

The Hellenic Competition Commission will focus on interest-bearing deposit rates - criticized as low - offered over past years by Greek banks

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

This contrasts with a 12.5% decrease observed in May 2023 compared to May 2022.

Food inflation in Greece is comparable to the EU27 average, while Greek wages, in terms of purchasing power, are only higher than those in Bulgaria

The new notes are expected to be listed for trading on the Euro MTF market of the Luxembourg Stock Exchange.

Unrecognizable QR codes on receipts given to customers for their purchases led to initial complaints and subsequent Operation Paper Dragon

Additionally, the German energy giant RWE has established a strategic partnership with the Public Power Corporation (PPC) for the development of renewable energy projects worth over 1 billion euros in Greece

The uniform yield reached 2.81%, while the cut-off price was 104.570

The central government posted a primary balance surplus of 2.9 billion euros in January-June 2024 period, up from 1.519 billion euros in H1 2023, the Bank of Greece (BoG) announced on Wednesday. Specifically, Greece’s central bank said the central government cash balance posted a deficit of 1.558 billion euros in the January-June 2024 period, compared […]

Final figures on inflation for Greece came in slightly worse than the preliminary figure of 2.4%, released by ELSTAT at the start of July

Skylakakis outlined the government's initiatives but withheld specifics regarding the emergency tax and bill subsidies, which are slated for finalization by late July.

According to the latest data from Greece’s Statistical Authority (ELSTAT), job openings soared to a record high of 70,826 positions in the first quarter of 2024, marking a remarkable 115.6% annual increase.

Bond of 3.875% is set to mature on March 12, 2029

The F-35s warplanes and S-100 UAVs are also inter-operable with three new FDI frigates Greece has ordered from France

Linking grids of Israel, Cyprus and Greece, ie mainland Europe, of geopolitical importance for EU; Cypriot concerns cited costs to consumers

The most significant increase in turnover in May 2024 compared with May 2023 was recorded from the enterprises of the Accommodation and Food Service Activities, sector which grew by 14.8%.

This strategic shift has diminished Piraeus's standing as a prominent Mediterranean port and a key transshipment hub post-Suez Canal.

According to reports, the government will resume an electricity subsidization program, given that forecasts cite disruptions – i.e. higher rates

The 6.3% rise in May 2024 is largely driven by an 8.8% increase in the crop output group, particularly due to changes in olive oil prices, and a 0.5% increase in the animal output group.

The international ratings firm raised Greece to investment grade in early August 2023