Finance

Piraeus Bank’s books will open this morning at 10 am with the Hellenic Financial Stability Fund (HFSF) placing its 27% stake in the bank, which is expected to draw substantial 8-10 billion euros in offers. The move is significant because it means the bank will finally return to the control of the private sector after […]

The lion’s share of Greek wine exports—a whopping 86.6% by value for 2023—continued to head to the European Union, with the top five markets being Germany, Cyprus, France, the Netherlands and Belgium. Wine exports from Greece continued to rebound gradually in 2023 after a two-year pandemic-related downturn, according to the Hellenic Statistics Authority (EL.STAT). The […]

Food prices are the primary worry in the east Med country

Catch up on the most important events in Greece from the day before with To Vima English Edition's News Wrap-up

Tourism Minister Olga Kefalogiannis said Greece is the first European country actively seek arrivals from this community

Net income was 477.73 million euros in 2023

The central bank forecasts were listed in the "Note on the Greek Economy" report

Hellenic Statistics Authority: Women more affected than men by unemployment, with rates of 13.2% and 8.0%, respectively

KEPE underlines that the implementation of important reforms and investments through the utilization of funds from the Recovery and Resilience Facility and the new ESPA also play a role in the more positive outlook of the country’s economy

The Eurozone average dropped to 2.6%, according to the preliminary estimates by Eurostat

Acknowledging a boost in the optimism index, signaling hope for the future, Kafounis pledges support for wage hikes, contingent on reducing excessive non-wage costs and permanently scrapping memorandum burdens

If the HFSF decides to place the entirety of its 27% stake in the bank, it could mean over 1.2 billion euros in proceeds for the Greek state

The request comes as virtually all Greek businesses are now mandated to install POS devices and business owners, particularly those selling low-cost products, complain that commissions eat up their profit margins

He added: Greece's accession to the euro-zone was the right decision

The positive trend is reflected by the high demand expectations of Greek hoteliers, according to the study, with the relevant index reaching its highest historical point in the January-February period

In contrast, the Eurozone faces persistent challenges as evidenced by stagnant growth in the fourth quarter of 2023, registering a mere 0.1% annual increase

Despite a three-month ban on offers, Aristotle Panteliadis, president of the Supermarket Association, said re-pricing for four out of five products remain in effect

A total of 112,000 new businesses were started in 2023, up by 6.1% over 2022, mainly in construction, transportation and storage.

An electronic data collection mechanism will be linked to Tax Warehouses and Customs Warehouses input-output analysis systems, while a digital application will allow for registration of Energy Products by bunker vessels

However, concerns arise as milestones now involve not only reforms and legislation but also project assignments, highlighting the government's lack of readiness in many cases