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Inflation in Greece stood at 3.1% in March, from 3% in February, recording the highest monthly rise (+1.8%) in the Eurozone, according to preliminary estimates from Eurostat. Average inflation in the eurozone settled at 2.2%, compared to 2.3% in February. The high prices in Greece highlight the ongoing cost-of-living pressures in the country. Sources from the […]

The Bank of Greece has raised its inflation forecast for 2024 to 2.9%, up from a previous estimate of 2.5%, suggesting that price pressures will remain higher than initially anticipated.

The Electronic Travel Authorization can currently be purchased online for 10 pounds (12 euros), but the price is set to rise to 16 pounds from April 9.

A little over six out of ten Greeks (64%) own a main residence, while 39% own a second home, according to a pan-European survey “European Housing Trend Report 2024” by the real estate network RE/MAX Europe. The responses from 20,000 European adults who participated in the “RE/MAX European Housing Trend Report 2024,” conducted by Opinium […]

The researchers have temporarily named it Homo affinis erectus, recognizing similarities with Homo erectus, an early human ancestor that emerged in Africa around 2 million years ago.

Citi forecasts a slight increase in growth from 0.8% in 2024 to 1% this year, with further acceleration slightly above potential in 2026-27.

Following Greece, Italy ranks second with an informal economy comprising 31% of its GDP, while Spain and Portugal both register at 24%. Lithuania, Latvia, and Bulgaria each report a shadow economy size of 20%.

Eurostat announces latest figures, for 2023, with Greece in fourth place

The development will feature 408 fully furnished apartments ranging from 44 to 69 square meters, including open-plan studios and one- or two-bedroom apartments.

Greece has consistently exceeded NATO’s 2% GDP defense spending target—even at the height of the public debt crisis.

Prime Minister Kyriakos Mitsotakis announced that Greece’s minimum wage will increase to 880 euros starting on April 1, 2025. 

The recognition of METLEN’s investment as strategically significant opens the door for the revival of mining activities after decades, boosting alumina production.

For Greeks, the EU's push for stronger defense capabilities takes back seat to the need for a focus on addressing the cost-of-living crisis.

Piraeus honors Greek Independence Day through a powerful maritime tribute- which is now an annual tradition.

The Financial Times reports that major European military powers are in talks to revamp the security framework on the continent, as they are ready to undertake more responsibilities in NATO as the U.S. appears to be disengaging from the military alliance, citing four European officials. Citing a new report, the FT says the UK, Germany, […]

In addition to commenting on defense spending and migration at the end of the EU Summit, the Greek PM voiced concerns over Turkey's democratic backsliding.

The four systemic Greek banking groups achieved combined net profits of approximately 4.3 billion euros last year, primarily driven by their organic results.