Finance

As noted, the price that the first batch was sold for, reflects the exceptional quality of this year’s olive oil from this specific area

According to Eurostat despite the high rental prices in Greece, they are still far below the peak levels recorded in 2010.

Greek supermarket chains like AB Vassilopoulos, My Market, and Masoutis are recognizing the growth potential of minimarkets, and are shifting their focus towards smaller, local store formats.

The relevant energy ministry also intends to introduce a dynamic pricing, known as ‘orange’ tariffs, bringing further changes to the domestic electricity market

The economy is expected to close this year with growth at around 2.2%, while for 2025, the target is slightly higher at 2.3% as outline in the medium-term fiscal plan.

A major issue of concern is how the Israel-Iran conflict will play out with pundits projecting a surge in oil prices.

“According to estimates, this year’s olive production will reach between 220,000 and 230,000 tons,” George Oikonomou, SEVITEL General Manager told AMNA

The 3.27 billion euros for the 25-year concession is the largest such consideration ever received by Greece's privatization fund, HRADF

Be alert regarding unusual behavior or situations (e.g., “too-good-to-be-true” offers, urgent requests for money, suspicious activity on your bank account or card).

The concession plan involves a series of steps for investors interested in taking part in the call to tender

The official data, presented, indicate that the chemical production industry in Greece is a dynamic and growing sector

The total number of visitors transiting the airport amounted to 3.3 million, according to the Athens International Airport Eleftherios Venizelos (AIA)

As the government attempts to curb the proliferation of Airbnbs, an association of short-term rental companies has filed a complaint about new guidelines

Yesterday’s News Wrap-up includes the following: Sixty Greeks & Cypriots Evacuated from Lebanon with C-130 Aircraft Twenty-two Greeks were evacuated from the capital of Lebanon, Beirut, as well as 38 Cypriot nationals, after a C-130 military aircraft of the Hellenic Air Force took off from Greece and completed the mission. Eurobarometer: Europeans Concerned About Rising […]

In its report, UBS posits that Greece is on course to achieve a 2.5% GDP forecast in 2024, notwithstanding weak Eurozone indicators such as the purchasing managers index (PMI), and Income from operations (IFO).

The scale of residential developments varies depending on the area. Different needs and infrastructures exist in regional cities, Thessaloniki, Patras, Heraklion, and each municipality in Athens.

The Panhellenic Seamen's Federation (PNO) is demanding wage increases and better working conditions, pointing to rising company profits that aren't shared with workers. This follows a similar strike by 45,000 U.S. dockworkers.

So far, the CO2 storage capacity at Prinos has been confirmed at 1million tons annually, with indications showing that it could accommodate up to 3 million tons per year in full development

The total amount offered was 946 million euros, with the coverage ratio at 1.89

The new system will adjust the monthly unemployment benefit afforded to workers in proportion with the amount they have worked and salary they had received.