Finance

How is the Easter bonus calculated? What should an employee do if the bonus is not paid?

Greece's current account surplus decreased by 784.3 million euros in January 2025 to total one billion euros

Fitch’s review on May 16 will be another pivotal moment.

The new gross monthly minimum wage is expected to rise by 5% to 6%, reaching approximately €880, in a country where almost half of employees make less than €1,000 per month.

Ships owned by the Alafouzos family and the NYSE-listed company Okeanis Eco Tankers Corp. (NYSE: ECO) are at the forefront of transporting Russian oil, raising critical concerns about compliance with U.S. and EU sanctions. Evidence of ship-to-ship transfers involving Venezuelan oil and the recent sale of a tanker that ultimately serviced Russian ports further intensifies […]

The four systemic Greek banking groups achieved combined net profits of approximately 4.3 billion euros last year, primarily driven by their organic results.

Moody’s upgraded the credit rating of the Municipality of Athens, according to an official statement released by the Municipality, reflecting the city’s ongoing financial progress. “The City of Athens looks toward the future with confidence, reinforced by positive ratings that confirm its steady course,” the statement reads. The global firm raised the rating to Baa3 […]

Arrivals and overnight stays in hotels, camping sites, and rental rooms recorded an uptick of 3.6% and 2.7%, respectively, in January 2025, according to provisional data released by Greece’s statistical authority (ELSTAT). According to data from the relevant survey, tourist arrivals at accommodations in January 2025 reached 742,865, while overnight stays totaled 1,656,673. This represents […]

Turkish investors follow the Chinese with 1,471 permits, a trend largely attributed to economic instability and political tensions in their country, pushing many to seek alternatives in Greece’s real estate market.

According to Eurostat data released today, the harmonized inflation rate in Greece stood at 3% in February, slightly down from 3.1% in January. Across the eurozone, annual inflation fell to 2.3% in February 2025 from 2.5% in January, compared to 2.6% recorded a year earlier. Meanwhile, inflation in the European Union reached 2.7% in February, […]

The rising demand for properties in Athens’ southern suburbs continues to push prices upward. In 2024, real estate values in the area rose by approximately 7.9%, with forecasts predicting a more moderate 3% increase in 2025.

IPTO Managing Director Manousos Manousakis: 'We knew very well that Turkey wouldn't congratulate us for wanting to connect Cyprus with the European network, but specifically with Greece'

With a one-day delay, Moody’s upgraded Alpha Bank and Piraeus Bank, following the recent upgrade of the Greek economy. The credit rating agency had already upgraded the other two systemic banks, National Bank of Greece and Eurobank, as well as Attica Bank, the previous night. Specifically, Moody’s raised the credit ratings of Alpha Bank and […]

Moody’s Credit Ratings has upgraded Greek banks, shifting their outlook from positive to stable. Specifically, Moody’s upgraded the long-term deposit ratings and senior ratings of the National Bank of Greece (NBG) to Baa1 from Baa2, as well as its standalone Baseline Credit Assessment (BCA) to baa3 from ba1. The bank’s long-term Counterparty Risk Rating (CRR) […]

Prime Minister Kyriakos Mitsotakis announced upcoming tax cuts without disrupting fiscal stability following his meeting with the new Minister of National Economy and Finance, Kyriakos Pierrakakis on Monday. Mitsotakis claimed that his government’s systematic efforts were yielding results, pledging that the additional revenues of €2 billion in 2024, would be returned to society, partly in […]

Official data from Greece’s statistical authority, ELSTAT reaffirms a surge in foreign buyers’ interest in newly built, energy-efficient holiday homes and properties, as construction activity in the housing market saw a sharp rise in 2024. In recent years, there has been a notable shift among residential property developers toward the holiday home market in Crete. […]

Bank of Greece (BoG) Governor Yannis Stournaras firmly ruled out any discussion regarding the reinstatement of the 13th and 14th salaries, speaking at the conference Ellada Meta VIII, co-organized by Kyklos Ideon (Circle of Ideas) -the Greek think tank- in partnership with the Delphi Economic Forum. The event focused on “Europe, Greece, and the Onslaught […]

The rating agency Moody's raised Greece’s long-term credit rating to Baa3 from Ba1, with a stable outlook.

The unemployment rate in Greece recorded a further decline in January 2025, reaching 8.9%, according to the latest Foundation for Economic & Industrial Research (IOBE) report. The number of jobless individuals decreased to 410,000, marking a 31.4% drop compared to the previous year over the same period. Meanwhile, employment increased by 1.3% year-on-year, reaching 4.21 […]

The stock market has reflected strong performance, with the general index showing resilience and a lack of inward-looking caution.