Finance

Currently, Brent crude stands at $79.82 per barrel, marking a 0.58% increase, while U.S. crude is at $74.53, marking a 0.57% increase

Maersk expects delays of two to four weeks for European destinations

Three years after the pandemic the company has met its targets and plans to grow its fleet in 2024

The Meliá Hotels International (MHI) chain has observed a surge in tourist bookings for 2023 compared to the previous year, indicating a notable increase in travel interest in the country.

DBRS on Tuesday revised, downward, its forecast for Greek economic growth in 2024, projecting a rise in GDP by 1.3%, down from a previous 2.2%. The international ratings agency’s forecast for 2025 is 2%. On the “upside”, DBRS said unemployment is expected to decrease below the 10%-threshold in 2024, continuing to fall in 2025 to […]

Annual inflation rate in the Eurozone at 2.4% last month

Commission approves €150 million Greek scheme to support energy-intensive companies in the context of Russia's war against Ukraine

According to Deloitte research presented at the forum, Gen AI's potential impact on the country's GDP is significant, estimated at +5.5% by 2030, with potential growth up to +9.8%

Tax revenues in Greece over the first 11 months of the year are significantly above target, according to the provisional data on the execution of the 2023 state budget (on modified cash basis), the finance ministry announced on Monday. Specifically, tax revenues totaled 56.197 billion euros, up by 605 million euros – or 1.1% – […]

Athens reportedly aims to take advantage of the country's recently restored investment grade rating

Based on The Economist's analysis, grounded in five economic and financial indicators (inflation, "inflation breadth," GDP, employment, and stock market performance), Greece maintains its lead in economic performance among 35 primarily affluent nations for the current year

"Our goal is to avoid continuous extensions and move towards a system that is stable so that extensions are not needed", the Minister Theocharis said

Deputy Finance Minister Haris Theocharis proposes doubling the exemption threshold from €10,000 to €20,000.

Greece is not included in the survey

Demand remains high in Greece for modern office space, with some 90 million euros in investment funneled into the sector in the third quarter of 2023 alone, a figure that up by 25 percent compared with the corresponding quarter last year. According to figures released by the Cushman & Wakefield Proprius real estate agency, an […]

The “taxman cometh” to Greece’s surging short-term lease sector (the Airbnb phenomenon) as of Jan. 1, 2024, with an overnight stay fee tacked on to some 170,000 listed properties around the popular holiday destination. Approximately 7,440 property owners will also have to add VAT to their fees, while also keeping accounts similar to those kept […]

Greece’s influential central banker, Bank of Greece (BoG) Governor Yannis Stournaras, has once again warned publicly against the enacting of too many tax breaks in the country, while also cautioning about the size of the country’s public debt. He was speaking last week at the annual OT Forum in Athens. The head of the independent […]

When Brian Chesky and Joe Gebbia decided to rent out the mattress in the living room of their San Francisco home with breakfast, they probably had no idea they were laying the foundations for a short-let empire. A range of factors has made Greece a lucrative market for Airbnb, with obvious impacts both positive and […]

Vessel will be connected with a high-pressure subsea pipeline that will subsequently link with an overland pipeline delivering natural gas to final consumers in Greece, Bulgaria, Romania, North Macedonia, Serbia, and in the future, Moldova and Ukraine.

The specific Greek Loan Facility (GLF) loans were set to mature in 2024 and 2025. The GLF was the first bailout extended by Eurozone members and the IMF in May 2010.