Finance

Inflation in Greece will settle at 2.5% in 2025, and stand slightly over 2% in 2026, according to a projection by the Bank of Greece (BoG). The report estimates the cost of living will record an uptick to 2.5% in 2027. As per the BoG report, inflation in Greece measured by the Harmonized Index of Consumer […]

According to the report, business registrations across all economic sectors for the year 2024 reached 132,507, marking an 18.3% increase compared to 112,002 in 2023.

Maritime leaders urge EU to lead on methane abatement in shipping

According to data from the Bank of Greece (BoG), private sector deposits recorded a notable drop of €4.787 billion in January. This follows an increase of €5.592 billion in December. Business deposits fell by €3.785 billion in January, surpassing the €3.099 billion increase recorded in December. Household deposits also declined by €1 billion, following a […]

The platform for 2025 child benefit applications will be open from March 1 to March 14, with eligibility based on declared dependents and family income

Greece’s economic model is now more export- and investment-oriented, relying less on consumption and displaying fewer imbalances compared to the past.

Despite the sale, well-known investor John Paulson remains the largest shareholder of Piraeus Bank, retaining approximately 170 million shares, or 14% of the systemic bank lender

Greece’s state budget primary surplus, based on final data, reached 758 million euros in January 2025, according to figures released on Tuesday by the finance ministry. The surplus is higher than the envisioned goal of 200 million euros that is included in the introductory report for the 2025 state budget for the specific period. The […]

The study by the labor group notes that most of the job spots were lost in the secondary production sector, with the primary sector shedding the second largest number

Two investments funds based outside of Greece but with a presence in the country are, according to reports, the buyers of a 3.2%-stake in Lamda Development, a pre-eminent property developer and commercial mall operator in the country. According to a report in ot.gr, the three separate blocks of shares were sold off on Monday by […]

Chevron and HELLENiQ ENERGY have already shown interest

The biggest deviation, before and after online and minute-by-minute data streaming began, reached a whopping 272%.

Among Eurozone countries, Ireland, Italy, and Finland recorded the lowest inflation rates in January, at 1.7% each

LeonidsPort was able to only acquire 260,420 shares, or 2.58% of the port authority's total share capital

Travel revenues in Greece were up by 5.4% in December 2024  compared to the same month last year, as Greece remains a popular destination for foreign travelers, according to the Bank of Greece (BoG). Visitors from Germany, Italy and the U.S. made up the bulk of visitors to Greece, while tourists from the EU27 members […]

Deal between hoteliers, employees' union comes after another banner year for the tourism industry in Greece

Among the regions, the North Aegean recorded the highest turnover growth in 2024, with a 3.8% increase, followed by Attica with 3%.

Greek Workers Union (GSEE) is requesting that worker compensation in Santorini and Amorgos exceed the current 534 euros allowance and instead be set at a minimum of 82% of the prevailing minimum wage.

Prokopiou already owned a 33% stake in Astir Palace and will buy the remaining 77% for around €700 million.

Travel remittances in Greece from the all-important tourism and holiday sector posted a new record in 2024, calculated as reaching 21.7 billion euros in 2024, up from 20.593 billion euros in 2023, according to provisional figures released on Thursday by the Bank of Greece (BoG). The last month of the previous year, December 2024, sees […]