Finance

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

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

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

Inflation in the Eurozone stood at 2.9%

The banking sector is set to dominate the dividend arena, signaling a closure to the turbulent years of the crisis

Softdrinks consumed in shop will be subject to 24% VAT while those bought through takeaway will be charged 13%

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

Nevertheless, the development earned a negative reaction by the powerful Panhellenic Seamen’s Federation, the union representing lower ranking seamen

The emphasis now is on expanding vertical energy and transport routes from the Aegean to eastern and central Europe

Provisional data for 2023 reveals record-breaking figures in total cruise passengers served, as approximately 1.5 million passengers were accommodated, compared with 880,000 in 2022.

The assessment is part of JP Morgan’s analysis released today regarding potential rating changes in 2024 across the Eurozone

The number of unemployed stood at 429,806, indicating a fall of 130,997 individuals compared to November 2022 (23.4%) and a decrease of 12,156 individuals compared to October 2023 (2.8%).

According to ELSTAT, overall gross savings in the economy increased to €21.8 billion in 2022 from €16.5 billion in 2021, primarily driven by businesses and the general government, while households showed a decrease in savings by -2.6% of GDP.

A flu outbreak caused numerous last-minute cancellations, with some destinations falling short of full occupancy. However, the void was partially filled by last-minute bookings

The tourism sector's implementation of the digital work card has been strategically deferred until the year's end, a move aimed at ensuring a seamless conclusion to the ongoing tourism season, thereby preempting any operational disruptions mid-season