Finance

Yannis Papachristou was appointed the new Chief Executive Officer of the Hellenic Corporation of Assets and Participations (HCAP)-Fundgrowth. According to sources, the final candidates for the CEO position included Papachristou, who was ultimately selected, alongside the current CEO of HCAP, Grigoris D. Dimitriadis, and the CEO of the Hellenic Republic Asset Development Fund (HRADF), Dimitris […]

For cases of late submission of the declaration, an administrative fine of 100 euros is imposed.

Greek government announces emergency subsidies for February to combat rising energy costs.

TERNA ENERGY’s Board of Directors, in its reasoned opinion, notes that the company’s valuation range is between €11.9 and €21.5 per share, while Masdar’s offer stands at €20 per share.

According to IOBE, the uptick is primarily attributed to Industry and Construction, with consumer trust showing a more moderate improvement while retail trade appears to be waning after the holiday period

In January, services recorded the highest annual inflation rate in the eurozone at 3.9%, slightly down from 4.0% in December, according to Eurostat's latest data.

The rate to be applied in February 2025 will be the same as in the preceding month, namely, 0.1548 €/kWh in the 'green' program

The east Mediterranean country is also among the European states with the biggest increase in occupancy, along with Spain (+5,2%), Croatia (+6,5%) and Norway (+2%)

The goodwill of founder and major shareholder Evangelos Marinakis, strong fundamentals, and a sound investment plan

Retail turnover in Greece recorded an upward trajectory in November, according to data released by the Hellenic Statistical Authority (ELSTAT). This trend reflects the positive impact of November’s Black Friday sales on the sector. Specifically, the General Retail Turnover Index increased by 2% in November 2024 compared to the same month in 2023. Additionally, compared […]

Employers in the tourism and hospitality industry who fail to comply with the regulation will be subject to fines of up to 10,500 euros per violation.

The ECB interest rate cuts came as Europe’s central bank is in the process of continuing its quantitative easing policy.

At a European level, according to unemployment data released by Eurostat Greece remains the country with the second-highest unemployment in the EU.

The report suggests Greece’s economic expansion will be fueled primarily by investments, supported by projects financed through the EU Recovery Fund.

Based on the 2.7% increase, the monthly cost for professionals starts at 6.67 euros for the 1st category and can reach up to 18 euros for enrolling in the 6th and highest category.

Taxpayers have until January 31 to declare changes in the form (E9) that determines the property tax they will pay for the following year.

The Spata data center is the first of Microsoft’s plans to build a total of three such projects in Greece

According to official data released by the Bank of Greece (BoG) a surge was recorded in Greek deposits,  both household and business, in December of 2024. Figures show that the significant increase was 5.654 billion euros. This is largely attributed to the payment of the Christmas bonus for employees, along with the increased business turnover […]

Vangelis Marinakis, Angeliki Frangou and Kenneth Rogoff raised the core problem facing Europe vis-a-vis China, Trump’s policies and the challenges posed by AI in their discussion at "The World Ahead 2025 - Athens Gala Dinner" organized by The Economist

There was a significant decrease in the annual consumption of heating oil, which fell by 32.9%, and high-sulfur fuel oil, which dropped by 13.6%.