Finance

After decades of on-again, off-again efforts to schedule regular seaplane routes to Greece's numerous island and coastal destinations the prospect now appears within sight

The same price index had decreased 20.8% from May 2022 to May 2023

Specifically, the option "Subjective opinions are prioritized over objective data" ranked highest in importance for young employees, with a score of 3.89 out of 4.

By the fourth quarter of 2023, job vacancies per unemployed person had risen by more than 4, with the index reaching 446 units compared to 100 units in late 2019

This initiative will provide ultra-fast internet speeds of up to 1Gbps to over 350,000 households and businesses in semi-urban and rural areas across the country

However, overall demand for natural gas saw a slight decline of 7.14%, primarily due to reduced exports

The drop in gross tonnage is for vessels 100 GRT and over, and is a continuation of the overall downward trend since January 2022

Specifically, in the nationwide survey, 24.9% of buyers opted for properties between 51 and 75 square meters, while 24.7% chose smaller properties up to 50 square meters.

Conclusions of a report by the Methane Abatement in Maritime Innovation Initiative (MAMII) after two years of activities

They estimate the current potential GDP growth around 3%, supported by robust private sector finances and a stable public sector budget, which helps keep borrowing costs in check.

The average overall Industrial Production Index for the period from January to May 2024 recorded an increase of 5.8% compared with the average IPI of the period from January to May 2023.

Short-term rentals have sparked debate within Greek society due to their perceived benefits and disadvantages

Greece performed excpetionally according to the biannual EY Renewable Energy Country Attractiveness Index (RECAI), a report that assesses the investment and deployment opportunities in 40 of the world’s top markets

This trend largely comes as a result of decreased disposable income due to inflation, particularly higher costs for tickets (50%) and accommodation (48%).

It was up by 2.3% compared to June of 2023, according to preliminary figures by the country’s statistical authority ELSTAT

Speaking at a book presentation in Athens, Yannis Stournaras pointed out that Greece’s pension system differs, in terms of structure, with other more advanced western countries

Moody’s on Monday upgraded the Baseline Credit Assessment (BCA) for two Greek bank institutions, the National Bank of Greece (NBG) and Piraeus Banks, specifically raising Piraeus’ rating to ba2 from ba3, and NBG’s to ba1 from ba2. Moody’s also upgraded its long-term and short-term deposit ratings for both ATHEX-listed Greek lenders, two of the four […]

JP Morgan points out OTE maintains a solid balance sheet and offers attractive returns for shareholders

With unemployment at 10.6% as of May, the task ahead is to decrease unemployment below 10% by fostering stable, quality job positions, crucial for maintaining triennial bonuses on minimum wages.

In terms of construction costs, building a residential unit of Energy Class A in the Athens region commands 1,900 euros per square meter (plus VAT), while an Energy Class A+ unit costs 2,100 euros per square meter (plus VAT)