The Bank of Greece has lowered its forecast for this year’s growth to 2.3% from 2.5% and is fully aligned with the latest estimates of the European Commission, against the budget’s estimate for 2.9%.
The Bank of Greece has lowered its forecast for this year’s growth to 2.3% from 2.5% and is fully aligned with the latest estimates of the European Commission, against the budget’s estimate for 2.9%.
The government is considering to impose restrictions on short-term rental properties acquired through the “Golden Visa” program.
Greek consumers are increasingly turning to private label products as they strive to lower their supermarket bills in the face of persistently high prices, according to an annual phone survey conducted in January 2024 by the Marketing Lab of the Athens University of Economics and Business (AUEB), using a random sample of 1880 households.
Flights abroad for the long weekends of Clean Monday and Independence Day on March 25 are showing increased occupancy rates of over 75%.
Aegean Airlines head Eftychis Vassilakis received this week the award for the Greek Entrepreneur of the Year by EY Greece.
Just 260,000 freelancers and self-employed people have so far registered in the system of accepting payments through their account.
The recent economic proposals announced by main opposition SYRIZA-Progressive Alliance and its leader Stefanos Kasselakis would come at “a huge economic cost” and are “entirely uncosted and without planning, or even checked for compatibility with European laws,” according to a joint announcement released by Deputy National Economy and Finance Ministers Harry Theoharis and Thanos Petralias on Friday.
Seven out of 10 workers at call centers in Greece are from Turkey, the Middle East and North Africa. They obtain visas easily but they are kept on a short leash, often on monthly contracts, and their “special purpose visas” mean that as soon as the contracts expire, they must return to their country.
Turkey’s central bank on Saturday raised the maximum interest rate on credit card cash withdrawals to 5% from 4.42%, according to a decision published in the Official Gazette, in a move aimed at additional tightening.
The markets “rate” Greek bonds in the “A” category, five notches higher than their current average rating of “BBB-”.
The Recovery and Resilience Plan is the “most ambitious program the European Union has ever conceived of planning and implementing,” Environment and Energy Minister Thodoros Skylakakis said on Thursday, expressing satisfaction with the progress in its implementation and the loans envisioned under RepowerEU.
The maritime industry is on the cusp of a transformative era with artificial intelligence (AI) emerging as a prominent player.
The Harmonized Index of Consumer Prices (HICP) in Cyprus rose by 2.1% between February 2023 and February 2024, according to data published by the Statistical Service of Cyprus (CyStat) on Friday.
Tax revenues and the primary result of the budget in January and February exceeded the target, but this is largely counted in the 2023 budget, per the Finance Ministry.
The initial feedback regarding the “Lenten Basket” initiative is encouraging, as per reports from Ministry of Development officials.
Moody’s remained on Friday the only major rating agency to maintain Greece outside the investment-grade states.
The March triple witching sent the bourse’s turnover soaring to over 350 million euros on Friday.
The European Commission has intervened in the process as it links the development of a conference center of international standards with European funding of 464 million euros.
US Ambassador to Greece George Tsunis stressed on Thursday the need for more flights from the United States to all of Greece.
The Greek budget posted a primary surplus of 3.401 billion euros in January-February 2024.
Millions of bank accounts of taxpayers and companies will soon be targeted by the tax authorities, with the use of the new system which will scan all their movements.