Finance

Commission disburses payments to Germany, Greece, Italy, Portugal, Slovakia and Slovenia under the Recovery and Resilience Facility

The forecast for the housing market in 2024 remains bleak, with no signs of improvement

The programs will be run by Greece's Ministry of Social Cohesion and Family

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

Eurobank last week announced that its top management have already been relocated to the Bodosakis Building, renamed the “Eurobank Headquarters”, a noted structure in the heart of Athens.

Up from surplus target of 3.771 billion euros, and primary deficit of 1.091 billion euros reported over corresponding period in 2022.

The benchmark German 10-year bond, a reference point for the Eurozone, also saw a decline of 4 basis points to 1.931%, reaching its lowest level since March of the previous year.

Shop owners anticipate that the increased traffic, already recorded since the previous week, will boost their turnover

On a global scale, tourism reached 86.6% of 2019 arrivals by the ninth month of 2023, with Mediterranean inbound travel bouncing back to 2019 levels

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

A post-pandemic recovery was more-or-less highlighted with last week’s designation by the Economist of Greece as its “Country of the Year” for 2023

The resumption of freight services two weeks ago relieved a three-month backlog, but the damage incurred to rail transport reliability is enormous

Indications of natgas deposits in sea regions off western Greece, Crete

One firm estimates that the Greek market is seventh, worldwide, in terms of popularity for purchasing luxury residences, having recently surpassed Portugal and Spain, which are in ninth and 14th place, respectively

A burgeoning second-hand – or pre-owned – retail sector in Greece now occupies a prominent place in the stats published by the country’s statistical authority, overturning decades of disdain for “used” goods among most Greek consumers. Younger generations of consumers who are more adept at “thrift shopping”, plus almost a decade of economic downturn, explain […]

High inflation and interest rates, with the latter easing at a slower rate, is the forecast from National Bank of Greece (NBG) chairman Gikas Hardouvelis, who is also the new president of the Hellenic Banks Association (HBA). Speaking at the annual Hellenic Finance and Accounting Association conference this month in Athens, Hardouvelis, a former Greek […]

Despite the picture presented by the official unemployment rates, Greece is by all accounts facing an acute labor shortage in sectors ranging from primary agriculture production to computer programming. According to a recent survey by the Manpower Group, 82% percent of employers asked in the first quarter of 2023 reported difficulties finding human resource talent, […]

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

The development will mark the first pay raise for public sector employees, a massive segment of the Greek workforce in 14 years

Green growth, investments and Greece as an attractive investment destination discussed, along with specter of inflation