The project began construction in 1986, but never operated, and is valued at around 500 million euros
Catch up on the most important events in Greece from the day before with To Vima English Edition's News Wrap-up
Average yearly costs for power in 2021 calculated at 9,000 euros, jumping to 14,000 euros in 2022 and 17,500 euros in 2023
Price expected to reach the maximum foreseen 8.20 euros per share, for 90 million shares
The figure by the Greek Statistical Authority is 0.2% off the Eurostat’s figures published on Tuesday, which placed the jobless rate for December 2023 at 9.4%
Regarding the 20-acre forested area on the northeastern side of the complex, the plan focuses on creating parks and recreational spaces, worship areas, an amphitheater, and a children's playground
Despite the overall trend, Greece faces persistent challenges with rising food prices, as the food, alcohol and tobacco index totaled 7.1% during the month, on an annual basis, slightly lower than 7.6% in Dec 2023
Similar assessments were made by the new president of the Hellenic Hotel Federation, Yiannis Hatzis, who, forecast that 2024 will be a very good year.
The hydro-pumped storage project is located in Amfilochia and includes 680MW production and 730MW pumping/storage
In 2023, Greece's e-commerce turnover is estimated to surpass 17 billion euros, a 9% increase from 2022. This reflects a continuous upward trend, given that digital purchases were only 6 billion euros in 2018.
Their attacks have prompted major shipping companies to instruct their vessels to avoid the maritime route through the Suez Canal, opting instead to circumnavigate Africa which has resulted in significantly more time-consuming and costly maritime transportation
Minister will be accompanied by a large contingent of business representatives
Greece's Overall PPI in industry decreased 7.1% y-o-y January-December 2023, against a 35% y-o-y increase posted January-December 2022
The analysis said the occupancy levels in Athens’s short-term rentals were steady and revenues per available unit witnessed a 15% increase
Bloomberg noted this was the highest amount ever recorded, as investors rushed to take advantage of high yields before the European Central Bank (ECB) cut interest rates.
The bidding book has closed with offers surpassing 35 billion euros
According to the data, Greeks rank last in per capita income purchasing power, coupled with the sixth-highest indirect tax burden in the European Union
In an interesting contrast, Sweden, Austria, Denmark, Finland, and Italy lack national minimum wages but establish them through collective agreements
By all accounts, such drilling will focus on exploitable natural gas deposits in Greek waters
The five major markets of inbound tourism to Greece, Germany, France, Italy, the UK, and the USA, contributed a total of €8.9 billion for 2023 to the Greek tourism industry, with German travelers taking the lion’s share (€2.9 billion).