Finance

The corresponding forecasts by the Greek government are 2.2% for 2024 and 2.3% for 2025

Additionally, a 300 million euro Guarantee Fund will be created with the European Investment Bank, leading to 1.5 billion euros in leverage

According to Eurostat, Greece recorded the second largest reduction on a year-to-year (YTY) basis at -8.9 pp

A recent poll showed a population disillusioned with the Greek political parties and the Eurozone, and an overwhelming agreement that the current economic and social system is causing poverty. 

The Network’s goal is to link national initiatives and European programs and institutions, such as the EIC.

More arrivals, but less revenues is the verdict by the Bank of Greece (BoG) for this past August in terms of travel remittances from the all-important tourism sector in the country. Specifically, according to the central bank revenues decreased by 1.8% compared to the corresponding month of 2023. Conversely, revenues during the Jan-Aug 2024 period […]

Greek banks, it notes, are focused on mitigating the impact through strategic efforts like loan growth, increased fee income, and lower-than-anticipated deposit betas for 2026.

The price reduction on the first 120 consumer product codes will range from 6% to 15%.

The yields from the offering called “Offering” will be used to finance ongoing capital expenditure projects by the country’s largest electric power company

With net profits typically amounting to just one-third or even one-quarter of turnover, thousands of freelancers reported poverty-level incomes or even losses

Greece's pet market is booming, fueled by rising pet ownership and significant investments since the COVID-19 pandemic.

"The new generation consumes snacks with enthusiasm" Dengel notes.

Bank of Greece (BoG) reports nearly 36,000 buy back transactions this year up until the end of September in the country

Compared to two decades ago, the difficulty of finding housing has risen dramatically, with homeownership rates in Greece plummeting since 2005.

Moody’s took a “stricter” stance compared to the other agencies when in Sept. of 2023 it refused to grant Greece the investment grade.

Under the new procedures, businesses no longer need to seek approval from Greece's electricity regulator or obtain an environmental permit as part of the application process for installing solar panels.

Last April’s positive outlook issued by the agency lays the groundwork for another potential upgrade.

Families with children are even more affected, with 26.3% of these households struggling to pay rent.

The Governing Council of the European Central Bank (ECB) decided to cut interest rates by 25 basis points for a third consecutive time.

GDP at constant prices reached €196.984 billion in 2023, up from €192.495 billion in 2022, ELSTAT said