A post-pandemic recovery was more-or-less highlighted with last week’s designation by the Economist of Greece as its “Country of the Year” for 2023
The resumption of freight services two weeks ago relieved a three-month backlog, but the damage incurred to rail transport reliability is enormous
Indications of natgas deposits in sea regions off western Greece, Crete
One firm estimates that the Greek market is seventh, worldwide, in terms of popularity for purchasing luxury residences, having recently surpassed Portugal and Spain, which are in ninth and 14th place, respectively
A burgeoning second-hand – or pre-owned – retail sector in Greece now occupies a prominent place in the stats published by the country’s statistical authority, overturning decades of disdain for “used” goods among most Greek consumers. Younger generations of consumers who are more adept at “thrift shopping”, plus almost a decade of economic downturn, explain […]
High inflation and interest rates, with the latter easing at a slower rate, is the forecast from National Bank of Greece (NBG) chairman Gikas Hardouvelis, who is also the new president of the Hellenic Banks Association (HBA). Speaking at the annual Hellenic Finance and Accounting Association conference this month in Athens, Hardouvelis, a former Greek […]
Despite the picture presented by the official unemployment rates, Greece is by all accounts facing an acute labor shortage in sectors ranging from primary agriculture production to computer programming. According to a recent survey by the Manpower Group, 82% percent of employers asked in the first quarter of 2023 reported difficulties finding human resource talent, […]
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The development will mark the first pay raise for public sector employees, a massive segment of the Greek workforce in 14 years
Green growth, investments and Greece as an attractive investment destination discussed, along with specter of inflation
Lampsa Hellenic Hotels S.A. on Friday informed the Athens Stock Exchange (ATHEX) of an agreement with Greece-based Intracom for the latter’s participation, with a 25% stake, in a subsidiary of the latter, with the strategic intent aimed at both companies acquiring a bigger share of the Hyatt Regency Casino. The specific casino remains the sole […]
The cable section specifically refers to the Crete-Cyprus interconnection, marking the first significant step in the contract signed last July, according to IPTO
PDMA said roughly 10 billion euros will be covered by bond issues, another 4.1 billion euros will sought from the European Investment Bank (EIB), the Next Generation EU economic recovery package and other credit lines.
The project is a joint venture by GΕΚ ΤΕRΝΑ and Hard Rock Int'l amid the biggest land development project in Europe at present
A new healthcare company aims to treat more than 120,000 patients annually and handle more than 750,000 outpatient treatments in clinic network
In response to the same question, 62% of citizens in other EU member states state they face no problems paying bills, 28% say they encounter challenges occasionally, 9% report frequent financial management issues, and 1% did not respond
Just as eyebrow-raising is a 1.55-million-euro fine against the Hellenic Bank Association.
The EU Commission’s “Post-Programme Surveillance Report” on the Greek economy, released on Thursday in Brussels, underlines that the country retains the capacity to service its debt. The Autumn 2023 Report, compiled under the direction of the Directorate-General for Economic and Financial Affairs, adds that “…Despite several challenges, the Greek economic, fiscal, and financial situation continues […]
Addressing inflation requires businesses to control markups, the report points out, and authorities to intensify short-term controls against profiteering and oligopolistic practices