Deputy Finance Minister Haris Theocharis proposes doubling the exemption threshold from €10,000 to €20,000.

Greece is not included in the survey

Demand remains high in Greece for modern office space, with some 90 million euros in investment funneled into the sector in the third quarter of 2023 alone, a figure that up by 25 percent compared with the corresponding quarter last year. According to figures released by the Cushman & Wakefield Proprius real estate agency, an […]

The “taxman cometh” to Greece’s surging short-term lease sector (the Airbnb phenomenon) as of Jan. 1, 2024, with an overnight stay fee tacked on to some 170,000 listed properties around the popular holiday destination. Approximately 7,440 property owners will also have to add VAT to their fees, while also keeping accounts similar to those kept […]

Greece’s influential central banker, Bank of Greece (BoG) Governor Yannis Stournaras, has once again warned publicly against the enacting of too many tax breaks in the country, while also cautioning about the size of the country’s public debt. He was speaking last week at the annual OT Forum in Athens. The head of the independent […]

When Brian Chesky and Joe Gebbia decided to rent out the mattress in the living room of their San Francisco home with breakfast, they probably had no idea they were laying the foundations for a short-let empire. A range of factors has made Greece a lucrative market for Airbnb, with obvious impacts both positive and […]

Vessel will be connected with a high-pressure subsea pipeline that will subsequently link with an overland pipeline delivering natural gas to final consumers in Greece, Bulgaria, Romania, North Macedonia, Serbia, and in the future, Moldova and Ukraine.

The specific Greek Loan Facility (GLF) loans were set to mature in 2024 and 2025. The GLF was the first bailout extended by Eurozone members and the IMF in May 2010.

n his opening statement, BoG Gov. Yannis Stournaras stressed that “…During these past years, humanity faced multiple challenges that affected geopolitical, financial and social stability, with climate change emerging as the most important challenge of our time."

The figures indicated that the estimated savings as a percentage of disposable income for Greeks dipped from -4.9% in 2021 to -11.3% in 2022, compelling Greeks to tap into their income to make ends meet

The figures were released by the Hellenic Statistical Authority (ELSTAT) on Friday, part of the statistics authority’s survey on the Greek economy for the specific quarter.

Recent attempts to strike ocean-going vessels plying the Red Sea and the Gulf of Aden, with one ship actually hit this week, has raised eyebrows around the world and caused concerns in Greece.

The data does not take into account the "grey market" in Greece which is estimated to be equivalent to some 25% of GDP in the country, according to the IMF

EYDAP's leadership openly noted its intentions to expand beyond Attica and acquire water and sewerage companies in Boeotia, Fthiotida and Corinthia

Catch up on the most important events in Greece from the day before with To Vima English Edition's News Wrap-up

Fitch Ratings on Thursday revised, upwards, its outlook four Greece’s four systemic banks – Alpha Bank, Eurobank, National Bank of Greece (NBG) and Piraeus Bank – to positive from stable. The development comes after the ratings firm upgraded Greek state bonds to investment grade earlier this month. All issuer and debt ratings were affirmed, namely, […]

The chairman and CEO of telecoms provider OTE Group, Michael Tsamaz, on Thursday announced his departure from the company after 14 years at its helm. Tsamaz said he will leave the OTE group in June 2024, when his contract expires. In a related development, OTE’s board members unanimously voted on the same day to propose the […]

The unemployment rate in Greece eased to 10.8% in the third quarter of 2023 according to figures released on Thursday by the Hellenic Statistical Authority (ELSTAT). The unemployment rate was 11.2% in the previous quarter (2Q 2023) and 11.6% in the corresponding quarter last year. The number of employed individuals totaled more than 4.25 million, […]

An extraordinary Aegean Airlines general shareholders’ meeting on Thursday approved a buy back scheme for warrants held by the Greek state, valued at roughly 84 million euros. The buy-back option was part of the agreement for 120 million euros in emergency support towards the company to cover damages and losses during the pandemic. In line […]

Emphasizing the critical importance of cybersecurity for enterprises, the announcement highlights that a breach in a company's digital security affects its people, operations, legal obligations, assets, reputation, and even its network of collaborators