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The price range was set at between 3.7 and 4 euros per share, HFSF added.

In particular, after conducting thorough audits on 72 product codes, the market price watchdog discovered that the company was earning a higher gross profit margin on 50 product codes than what the relevant legislation allows

However, amidst this price hike, data from the Athens and Argosaronic Hoteliers Association reveals a positive trend, with January 2024 closing with an average occupancy rate of 52.8%, up from 51.2% in 2023, indicating a 3.1% increase

The growth at Athens International Airport was driven mainly by a 24.0% increase in passenger traffic and dynamic revenue growth from commercial activities due to significant improvements in the aeronautical revenue activities and non-aeronautical revenue activities

Piraeus Bank’s books will open this morning at 10 am with the Hellenic Financial Stability Fund (HFSF) placing its 27% stake in the bank, which is expected to draw substantial 8-10 billion euros in offers. The move is significant because it means the bank will finally return to the control of the private sector after […]

The lion’s share of Greek wine exports—a whopping 86.6% by value for 2023—continued to head to the European Union, with the top five markets being Germany, Cyprus, France, the Netherlands and Belgium. Wine exports from Greece continued to rebound gradually in 2023 after a two-year pandemic-related downturn, according to the Hellenic Statistics Authority (EL.STAT). The […]

The Eurozone average dropped to 2.6%, according to the preliminary estimates by Eurostat

If the HFSF decides to place the entirety of its 27% stake in the bank, it could mean over 1.2 billion euros in proceeds for the Greek state

The EU spokesperson stated Putin continued to deceive his nation and was trying to continue to deceive the international public

This reform not only fortifies the protection of geographical indications both online and offline but also bestows additional rights upon producers while streamlining the registration process for protected agricultural products

In contrast, the Eurozone faces persistent challenges as evidenced by stagnant growth in the fourth quarter of 2023, registering a mere 0.1% annual increase

Updated EU driving licence rules include digital licences, self-assessment, and probationary period for new drivers.

The EU has added large-scale forest fires and air, water and soil pollution to its list of environmental offences, and is tightening sanctions

A European Ombudsman inquiry into Frontex’s role in search and rescue operations has shown that the current rules leave the EU’s Border and Coast Guard Agency unable fully to fulfil its fundamental rights obligations and too reliant on Member States to act when boats carrying migrants are in distress. The inquiry was launched by Ombudsman […]

Greece witnessed the second-highest price hike (+67%) compared to 2023, with Portugal taking the top spot (+69%) and Spain rounding off the top three most expensive countries in the EU

Greek Defense Minister Nikos Dendias boarded the Hellenic Navy warship on Monday as it was docked off the greater Athens area

Nevertheless, the Economic Sentiment Indicator, reflecting public perception of the economy, has turned positive after the pandemic-induced downturn from March 2020 to April 2021, this positive shift has stabilized consumption, with retail trade gaining momentum since May 2022.

Kotsovolos and Jumbo are just two examples of Greek retailers looking to source closer to home in a bid to keep down transport costs

Renewable energy sources in the country for 2022 generated 43% of electricity demand