The most significant increase in turnover in May 2024 compared with May 2023 was recorded from the enterprises of the Accommodation and Food Service Activities, sector which grew by 14.8%.
This strategic shift has diminished Piraeus's standing as a prominent Mediterranean port and a key transshipment hub post-Suez Canal.
According to reports, the government will resume an electricity subsidization program, given that forecasts cite disruptions – i.e. higher rates
The 6.3% rise in May 2024 is largely driven by an 8.8% increase in the crop output group, particularly due to changes in olive oil prices, and a 0.5% increase in the animal output group.
The international ratings firm raised Greece to investment grade in early August 2023
After decades of on-again, off-again efforts to schedule regular seaplane routes to Greece's numerous island and coastal destinations the prospect now appears within sight
The same price index had decreased 20.8% from May 2022 to May 2023
Specifically, the option "Subjective opinions are prioritized over objective data" ranked highest in importance for young employees, with a score of 3.89 out of 4.
By the fourth quarter of 2023, job vacancies per unemployed person had risen by more than 4, with the index reaching 446 units compared to 100 units in late 2019
This initiative will provide ultra-fast internet speeds of up to 1Gbps to over 350,000 households and businesses in semi-urban and rural areas across the country
However, overall demand for natural gas saw a slight decline of 7.14%, primarily due to reduced exports
The drop in gross tonnage is for vessels 100 GRT and over, and is a continuation of the overall downward trend since January 2022
Specifically, in the nationwide survey, 24.9% of buyers opted for properties between 51 and 75 square meters, while 24.7% chose smaller properties up to 50 square meters.
Conclusions of a report by the Methane Abatement in Maritime Innovation Initiative (MAMII) after two years of activities
They estimate the current potential GDP growth around 3%, supported by robust private sector finances and a stable public sector budget, which helps keep borrowing costs in check.
The average overall Industrial Production Index for the period from January to May 2024 recorded an increase of 5.8% compared with the average IPI of the period from January to May 2023.
Short-term rentals have sparked debate within Greek society due to their perceived benefits and disadvantages
Greece performed excpetionally according to the biannual EY Renewable Energy Country Attractiveness Index (RECAI), a report that assesses the investment and deployment opportunities in 40 of the world’s top markets
This trend largely comes as a result of decreased disposable income due to inflation, particularly higher costs for tickets (50%) and accommodation (48%).
It was up by 2.3% compared to June of 2023, according to preliminary figures by the country’s statistical authority ELSTAT