However, supermarkets and department stores saw a decline in EBITDA profits by 9.06% to a 613.3 million euros in 2022 compared to 674.5 million euros in 2021, as this sector had experienced unprecedented profits during the pandemic period of 2020-2021
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Greek start-ups are proving resilient in the face of adversity as they continue to innovate and attract foreign capital. Despite the current economic uncertainty, over 70 Greek start-ups secured funding topping €485 million in 2023, according to the Found.ation annual report, indicating growing interest from US tech giants–including Hewlett Packard Enterprise, Cisco, Dell and Intel–in […]
Tax Freedom Day in Greece was commemorated on June 28
Spain retains highest jobless rate in EU, followed by Greece
Furthermore, the "household baskets" that the government invented to supposedly check market prices have not been effective in controlling revaluations.
Thunderstorms in North America and Europe more destructive than ever resulting in $76 billion in losses, $58 billion of which were insured
The relevant announcement was made by the Independent Authority for Public Revenue (IAPR) and concerns property registered in regions where the “objective asset value” is in force.
In its analysis, the US-based financial services bank anticipates the issuance by the Greek state of a 10-year bond within the upcoming weeks, thus reversing the recent decline upon the announcement of the new long-term bond
The Union of Consumer Workers of Greece advises consumers to be particularly careful so as to avoid falling victim to misleading 'offers.
Regarding collective labor agreements it is worthy to notice that increases to minimum wages has not affected the so-called ‘middle-wages’, with 80% of employees not having seen any pay rise
Confronted by ever-rising living costs, many consumers have become “value hackers”, bargain hunters who employ new methods to make the most out of their income.
Inflation rates will remain above the ECB limit (2%), not only for 2024 but also for 2025, something that will continue to test the resilience of consumers, especially if new geopolitical challenges arise that might exacerbate the already precarious situation
Greek shipowners were again the key figure in 2023 orders of new and second hand ships
A total of 44.2 million euros worth of funding is made available
The 30%-stake held by HRADF will be offered to institutional investors and the private investors, along with existing shareholders through a private placement
According to the data from the General Commercial Registry (GEMI), in 2023, 57,272 new businesses were established, while 20,268 closed, indicating that last year’s startups were 14.7% more than the corresponding figure in 2022, and closures were 6.3% fewer
Meanwhile, the data for Industrial producer prices in the Eurozone showed a significant decline of 8.8% in November 2023
The Greek Finance Minister shared a post on his TikTok account