Finance

Despite a housing shortage in urban areas, Greek banks and servicers in the country hold residential property with a book value of more than eight billion euros

Messina in Italy retained its position as the EU's busiest passenger port, with 11.3 million passengers, followed by Reggio di Calabria in Italy with 11.1 million and Piraeus in Greece with 9.6 million.

The number of employed individuals reached 4,284,694, an increase of 67,723 compared to October 2023 (+1.6%) and 22,002 compared to September 2024 (+0.5%).

Ruling New Democracy has proposed the budget, presenting it as a set of measures that will improve Greece’s economy through “fiscal prudence”.

The Eurogroup meeting, conducted on Monday, will engage in discussions with the United Kingdom's Finance Minister, Rachel Reeves.

20 awards presented at the 21st annual Lloyd's List Greek Shipping Awards

Four messages from the CEO of Masdar, the Arab renewable energy giant, after its acquisition of 70% of TERNA ENERGY

The Greek Minister of National Economy and Finance, Kostis Hatzidakis, expressed his satisfaction with Scope's upgrade of the Greek economy.

Evangelos Marinakis in 16th place - The Greek with the highest climb over the last two years.

Greece continues to outpace the EU average in terms of growth rates, despite signs of a slump. The outlook for 2024 and 2025, however, indicates a diminishing expansion in the face of rising national debt.

Using data from the Cadaster, the Authority will cross-check information with tax returns and Form E9 to identify taxpayers who have not declared their swimming pools.

Minister Costis Hatzidakis promised measures to deal with 3 main grievances vis-à-vis the country’s banks, namely, the spread between the paltry interest rates for deposits, as compared with rates tacked on to borrowing

VINCI Concessions, AVAX Concessions, AKTOR Concessions and GEK TERNA jointly purchase stake for Olympia Odos tollway connecting greater Athens to Patras, and eventually Pyrgos

The baseline scenario assumes that primary budget surpluses will be maintained in the coming years, supporting Greece’s credit rating trajectory.

The first phase of the investment is billed as valued at 150 million euros, with the first phase aiming to build infrastructure for 12.5MW, with a prospect of reaching 25MW

Under the concession deal, the Greek government is estimating 71.2 million euros in state revenues and 28.3 million euros in investments.

Golden Visa applications in Oct. 2024 were up by 12% compared to the same month of 2023 – 12,577 to 11,229 - despite higher minimum investment set by Greek government this year

Previously, the cumulative daily transfer limit stood at 500 euros.

Regarding the country’s unemployment growth the report mentions that it is expected to slow down due to rising labor costs.

The temporary objective property values determined by the system will be valid for a maximum of six months.