Finance

n his opening statement, BoG Gov. Yannis Stournaras stressed that “…During these past years, humanity faced multiple challenges that affected geopolitical, financial and social stability, with climate change emerging as the most important challenge of our time."

The figures indicated that the estimated savings as a percentage of disposable income for Greeks dipped from -4.9% in 2021 to -11.3% in 2022, compelling Greeks to tap into their income to make ends meet

The figures were released by the Hellenic Statistical Authority (ELSTAT) on Friday, part of the statistics authority’s survey on the Greek economy for the specific quarter.

Recent attempts to strike ocean-going vessels plying the Red Sea and the Gulf of Aden, with one ship actually hit this week, has raised eyebrows around the world and caused concerns in Greece.

The data does not take into account the "grey market" in Greece which is estimated to be equivalent to some 25% of GDP in the country, according to the IMF

EYDAP's leadership openly noted its intentions to expand beyond Attica and acquire water and sewerage companies in Boeotia, Fthiotida and Corinthia

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

Fitch Ratings on Thursday revised, upwards, its outlook four Greece’s four systemic banks – Alpha Bank, Eurobank, National Bank of Greece (NBG) and Piraeus Bank – to positive from stable. The development comes after the ratings firm upgraded Greek state bonds to investment grade earlier this month. All issuer and debt ratings were affirmed, namely, […]

The chairman and CEO of telecoms provider OTE Group, Michael Tsamaz, on Thursday announced his departure from the company after 14 years at its helm. Tsamaz said he will leave the OTE group in June 2024, when his contract expires. In a related development, OTE’s board members unanimously voted on the same day to propose the […]

The unemployment rate in Greece eased to 10.8% in the third quarter of 2023 according to figures released on Thursday by the Hellenic Statistical Authority (ELSTAT). The unemployment rate was 11.2% in the previous quarter (2Q 2023) and 11.6% in the corresponding quarter last year. The number of employed individuals totaled more than 4.25 million, […]

An extraordinary Aegean Airlines general shareholders’ meeting on Thursday approved a buy back scheme for warrants held by the Greek state, valued at roughly 84 million euros. The buy-back option was part of the agreement for 120 million euros in emergency support towards the company to cover damages and losses during the pandemic. In line […]

Emphasizing the critical importance of cybersecurity for enterprises, the announcement highlights that a breach in a company's digital security affects its people, operations, legal obligations, assets, reputation, and even its network of collaborators

INKA (General Consumer's Federation of Greece) estimates an increase of approximately 20% compared to last year

The CBRE report assessing the potential deficit from 2024 to 2027 highlights how property values have shrunk, exacerbating the challenge of refinancing

According to an announcement, the fine is related to a violation of Article 15, paragraph concerning misleading discounts

Except for Eurobank, for which it retains the target price at €2.60, JP Morgan has increased its target prices for Alpha Bank to €2.50 from €2.20, National Bank of Greece to €8.40 from €8.10, and Piraeus Bank to €5.00 from €4.65

Spain, the largest olive oil producer globally, faced extreme weather conditions, damaging olive crops

According to reports, some of the professions are: taxis, private kiosks, minimarkets, real estate brokers and insurance agencies, theaters, cinemas, singers, concert facilities, music bands, dancers, private universities.

Household consumption was bolstered due to increased employment, rising by 1.7% annually in the quarter ending in September, pushing unemployment down to 10%, a substantial improvement from 17% at the end of 2019

Supporting the strike action resolved at the 49th Congress of POE-OTA, ADEDDY has called for a nationwide work stoppage from 10:00 AM until the close of business on Thursday, December 14th