Finance

Total debts - not new arrears - to the Greek state have reached almost 108 billion euros, of which 26.326 billion are now considered as uncollectible

H&M, the multinational clothing retailer, launched its first store in 2007 in central Athens, and currently operates more than 35 outlets 14 cities in the country

Greek PM Kyriakos Mitsotakis affirmed the distribution of the money in an interview with Athens-based radio station Real PM, calling the move a “fair and ethically justified” policy

The average length of stay for all types of tourist accommodation establishments during April 2024, amounted to 3.1 days.

Reduced VAT rate of 13%, from the maximum 24%, aims to support efforts to stem skyrocketing cost-of-living

In terms of economic impact from conference tourism on national GDP and employment, Greece ranks 47th out of 50 countries, placing it at the bottom among its European peers of comparable size

The 3.2bln-euro deal by Masdar is the largest energy transaction on the Athens Stock Exchange and one of the biggest in the European renewables sector

Consumers in the country are paying more for basic goods such as bottled water, as inflationary pressure sends the cost of living skyward

The company approved a record 199.4-million-euro dividend distribution to its shareholders, or 1.80 euros per share, in a general meeting to be paid out on Wednesday, July 3rd.

The Cycladic Island of Mykonos and the Ionian Island of Paxos were the priciest destinations to buy a home in May 2024

Some other related fines in the pipeline, such as those for decommissioned vehicles found to be in circulation, are as steep as 10,000 euros

Bond carries a fixed rate of 3.375%, and with maturity date of June 15, 2034.

SEV represents Greece’s major industrial and manufacturing sector and comprises the most prominent employers’ group

Singapore is the most competitive economy out of 67 across the world’s eight major regions.

In the Ionian Islands, construction activity not only saw a 58.2% increase but also experienced a 31.3% rise in the number of building permits and a 50.2% increase in area under construction.

JP Morgan's economic forecasts for Greece remain steady, projecting growth of 2.2% for the year alongside inflation at 2.8%.

A year earlier, the rate was 6.1%. European Union's annual inflation was 2.7% in May 2024, up from 2.6% in April. A year earlier, the rate was 7.1%

One notable project, called the Great Sea Interconnector, aims to link Greece, Cyprus and Israel via underwater electrical cables

National economy ministry said tax revenues reached 24.827 billion euros over the first five-month period of the year

MoC between Meridiam fund and Independent Power Transmission Operator involves undersea cable project connecting the grids of Israel, Cyprus and Greece