In a meeting at the Maximos Mansion on Tuesday morning, Prime Minister Kyriakos Mitsotakis, Vasilis Fourlis, President of the Greek retailer Fourlis Group and Andrea Colzani, Inter IKEA Holding’s Global Logistic Units Manager, announced Inter IKEA’s decision to invest in Greece.
Greek exports fell 12.2% in November, on a decline of 7.5% in the 11 months from January to November 2023, though their value exceeded 47 billion euros, the second-highest ever recorded.
The Suez Canal crisis has started to cause significant delays in the smooth supply of the Greek market with durable consumer goods imported from Asia, such as refrigerators, televisions, computers and cars.
The Ministry of National Economy and Finance put a bill up for public consultation on Friday that provides for the extension of various measures aimed at alleviating the effects of price hikes and inflation.
The European Commission has taken a significant step in facilitating cross-line trade in Cyprus with the introduction of the EU One Stop Shop (EU OSS) for Green Line trade, in Nicosia.
The Piraeus Chamber of Commerce and Industry, in cooperation with the Indonesian Embassy in Athens, is hosting on Thursday at noon the 3rd Greek-Indonesian Business Forum.
Greece firmly supports European Union negotiations with India, Deputy Foreign Minister for Economic Diplomacy and Extroversion Kostas Fragogiannis said on Friday.
The decline in demand in Europe led to a drop in the value of Greek exports for a second straight month in August.
Data released by the Turkish-Cypriot newspaper Kibris and sourced from the Turkish-Cypriot Chamber of Commerce reveal a remarkable surge in sales of products from the Turkish-occupied territories to the Republic of Cyprus in 2022.
Mastic, a unique product from the Greek island of Chios, has been at the heart of the island’s economy for centuries, linking it and Greece to the rest of the world, particularly the Middle East.
Greece’s trade deficit shrank by 21% in July as imports fell more than exports in the month, the Hellenic Statistical Authority said in a report on the country’s merchandise trade.
Brexit hardly affected Greek exports to Britain, since in 2022 they were significantly increased compared to 2021.
Israeli Finance Minister Bezalel Smotrich signed an order to lift customs tax on imported milk for three months to deal with a milk shortage, the Israeli Finance Ministry said on Thursday.
The Greek trade deficit shrank 11% in May during a month which showed a 15.4% drop in exports and a 13.6% decline in imports, the Hellenic Statistical Authority said on Friday.
Greek Minister of Rural Development and Food Lefteris Avgenakis met with his visiting Chinese counterpart, Minister of Agriculture and Rural Affairs Minister Τang Renjian, on Wednesday.
Greece posted a 5.2-billion-euro decrease in the current and capital account deficit in the first quarter of 2023 compared to the first quarter of 2022, a development related to the significant growth in the balance of secondary incomes, i.e. increased collection of European funds, but also to the reduction of the trade deficit (improvement of the balance of goods) due to a greater increase in exports than imports.
