No production model change
EXPORTS

The trade balance of agri-food products was in surplus in three of the last four years (2020, 2021 and 2023), a positive development, but not sufficient to change the sign from negative to positive in the overall trade balance.

Payout for the whistleblowers
FINANCE

A bonus of up to 3,000 euros awaits taxpayers who, through the appodixi application, have detected falsified mechanisms and fake receipts in their transactions with various businesses.


ADMIE expects progress for power interconnector
ECONOMY

The Independent Power Transmission Operator (ADMIE) positively views the position taken in the previous days by the Plenary of the Regulatory Authority for Waste Energy and Water on the methodology of starting the electrical interconnection of Greece-Cyprus (Great Sea Interconnector – GSI), pointing out that an important milestone for the smooth implementation of the project has been achieved.


EIB funding for startups and SMEs
ECONOMY

Greek startups and small and medium-sized enterprises in life sciences, healthcare and sustainability will gain better access to investment finance under a new equity agreement managed by the European Investment Fund (EIF) arm of the European Investment Bank (EIB) Group.

Minister raises a glass to wine tourism
ECONOMY

Tourism Minister Olga Kefalogianni on Tuesday expressed her will for the further growth of wine tourism, addressing the first meeting of the Wine Tourism Council that was held at the Agricultural University of Athens.



Inflation declines slightly in April
ECONOMY

Inflation stood at 3.1% in April, compared to 3.2% in March and against 3% in April 2023, the Hellenic Statistical Authority (ELSTAT) said on Tuesday.

New rules introduced on public investments
FINANCE

Faster project integration procedures, flexible procedures with the removal of bureaucratic obstacles, as well as digital monitoring of every euro disbursed and of the implementation of projects, are the objectives of a new bill.


Mitsotakis meeting with Larco unionists
ECONOMY

Prime Minister Kyriakos Mitsotakis on Monday received representatives of the Larco mining firm’s employee union and exchanged views on the future of the company.

Uninsured vehicles law under consultation
ECONOMY

Deputy Minister of National Economy and Finance Harry Theoharis stressed on Monday that under a new bill the government will address the issue of uninsured and immobilized vehicles.


Hybrid vehicles power ahead in Cyprus
CAR MARKET

The Cyprus Statistical Service’s latest report reveals a significant surge in motor vehicle registrations, marking a 33.5% increase to 17,589 in January-April 2024, compared to 13,180 in the same period of 2023.

ATHEX: Moderate profit-taking at bourse
STOCKS

The moderate cashing-in of profits that followed last week’s notable rise saw the main index of the Greek stock market come off its 13-year highs of last Friday.


What’s worrying Stournaras
ECONOMY

Bank of Greece Governor Yannis Stournaras is understood to be concerned about the course of the country’s economy regarding its long-term sustainability and about the convergence of the income of Greeks with that of their European peers.