Ioannis Tsakiris started the new role May 1 after spending 15 years at the European Investment Fund (EIF) and serving as Greece’s Deputy Minister for Development and Investments

According to figures released by Eurostat, the Benelux Grand Duchy of Luxembourg, one of Europe’s hubs for finance, is in first place

By April 22, funds totaling 5.75 billion euros had been transferred for approved projects of the Recovery Fund to entities within and outside the general government and final recipients

This has led to a notable escalation in renovation costs, with average prices per square meter exceeding previous norms and reaching even 1,000 euros in premium locations

The number of unemployed individuals stood at 492,867 persons, a drop of 47,319 persons compared to March 2023

According to INCOFRUIT-HELLAS, the Association of Greek Fruit, Vegetable, and Juice Exporting Companies, the most notable increase was in potato imports, soaring to 44,590 tons (+102.5%) from 22,018 tons in April 2023.

However, the OECD highlights challenges including the need to enhance productivity and fiscal adjustment due to high debt levels.

Despite a funding slowdown in 2023, Greece's startup scene is poised for a strong 2024 fueled by headline-making exits

Piraeus Bank has forecast profits of roughly 900 million euros this year, rising to one billion euros next year

The rate of increase for food prices was up by 4.9% in April 2024, compared to 4.8% in the previous month

20.6 billion euros in related revenues topped the previous year’s figure by 16.5%

Additionally, the seasonally adjusted General Volume Index for Feb. 2024 experienced a 3.8% decrease compared to the previous month of the same year.

This makes NBG the first Greek bank to regain Investment grade status, nearly 15 years after the onset of the Greek financial crisis

Value Added Tax (VAT) revenues reached 5.876 billion euros, down by 16 million euros compared to the target.

Terna Energy reports greater installed power from its wind park network in the SE corner of Evia Island, the biggest such project in Greece

It noted they offered a good prospect for investors due to recent underperformance

Sources disclose that the petroleum companies holding the concessions are seeking partners to jointly invest and share the costs of exploration and drilling.

Following the strong performance in the first quarter, the company revised its annual passenger traffic forecast for 2024 to 29.9 million passengers, a 6.3% increase (or roughly 1.8 million passengers) from 2023 levels.

However, the report points to a persistent challenge in the form of commercial credit risk, which remains high at 8 out of 10, ranking Greece 104th internationally

Orthodox Holy Week begins on Monday, April 29, and ends on Sunday, Easter Sunday or Great and Holy Pascha (May 5),