Finance

The Greek economy is facing 8 chronic "ailments" fuelling inflation which can be distilled to a mix of Greed for profits by businesses “Greedflation”, dependence on domestic production and consumption on imports, the pandemic, the energy and climate crisis, along with low wages

Revenues have fallen over the last two years for Greek ski resorts due to warm weather, highlighting the need for action amidst climate change. Following an exceptional 2020-2021 season with heavy snowfall, subsequent warm years have posed challenges. In the current 2023-2024 season, none of the country’s 24 ski resorts have opened for business so […]

The airport accounts for approximately 35% of the country's total air traffic, serving over 28 million passengers in 2023

According to the Numbeo online platform, a liter of milk in Amsterdam costs 1.18 euros, while in Athens, it is 1.63 euros

Petrol and hybrid vehicles led car sales in Greece in 2023, with last year’s months-long delivery delays now mostly a thing of the past. Specifically, 134,514 new vehicles hit Greek roads over the year, a 27.8% increase compared to 2022, when 105,283 new sales were recorded. The last month of the old year witnessed 8,287 […]

Consumers in Greece are paying nearly five times more for essential food items than shoppers in other European countries, according to the latest Eurostat figures. Despite the Greek government imposing hefty fines on price gouging and placing a profit ceiling on certain items, supermarket prices continue to rise unabated, with producers and wholesalers citing surging […]

Despite the governments efforts which for some its not enough the high super market prices still burden consumers

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

The import price index in Greece’s industrial sector fell by 8.6% in November 2023 compared with the corresponding month last year, after rising by 15.7% over the November 2021 to November 2022 period, the country’s statistics authority (EL.STAT) announced on Friday. EL.STAT attributed the development to “imported inflation” as well as an 11.6% decrease in […]

De-investment in Greece’s four systemic banks by the Hellenic Financial Stability Fund (HFSF) through public offerings and greater prospects by the local banking sector in financing “real economy” needs was also discussed

This data confirms recent figures released by the European Statistical Authority (Eurostat), according to which inflation saw a spike in both Greece and the Eurozone as a whole in December

An aging population and economic constraints contribute to a strained Greek National Healthcare System (ESY), appearing insufficient in meeting the demands of the times

The previous forecast by the firm on the Greek Stock Exchange was 1,375, with Goldman Sachs reiterating its prior estimation of an 8% rise in earnings per share (EPS) for Greece

As the analysis notes, in 2022, a 68% surge was reported, with property investments reaching 2 billion euros, with the 9-month-term 2023 data marking a 29% uptick compared to the corresponding period of the previous year.

The biopharmaceutical company announced an investment of 120 million euros to expand and upgrade its plant in the Attica region, adding 110 new jobs

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

Aegean Airlines on Thursday announced a new annual seat record, saying it sold some 18.5 million seats in 2023, up from 3.1 million compared with 2022 (26%). The airline cited 11.1 million seats for international destinations, up 2.2 million up from 2022, and said its traffic reached 9.2 million passengers, up 29% from the previous […]

Draft legislation aims to establish a clear legal framework that strikes a balance between effectively protecting coastlines, as an environmental element, while not hindering economic development

A positive reversal was recorded after the end of the COVID pandemic lockdowns as Greek households witnessed a substantial rise in wealth to €798.8 billion in the 2nd quarter of 2023, with property largely accounting for the wealth uptick

The trend is reinforced by the positive reviews given by visitors to accommodations, especially in areas like Polygono, the First Cemetery of Athens vicinity, Hellenorossi, and Zappeion