Finance

The visit to the Alexandroupolis FSRU Terminal was organized by the Hungarian embassy and further underscores the importance of the project for the EU in its bid to improve the continent's energy security.

The latest conflict between Greece's taxi drivers and the country's Ministry of Finance is over a sticker. But it is not just any sticker- this one is huge and informs riders that they can pay by credit card and are entitled to a receipt.

Public sector debts to private entities have once again increased in Greece, reaching 3.2 billion euros in July 2024

The meeting between the two leaders will decide the fate of the 2 billion euro Great Sea Interconnector (GSI) project.

Both the islands of Mykonos and Santorini saw decreases in their accommodation and food service revenues.

Specifically, from Jan. to Aug. 2024, the central government recorded a cash surplus of 1.368 billion euros, compared to a deficit of 964 million euros in the same period of 2023.

The greenhouse sector is already one of the most dynamic areas within the primary sector and presents a viable solution to the pressing issues caused by the climate crisis.

The country has 3.3% compared to the Union’s 1.9% average in the first quarter of 2024, according to a study by OCTANE Management Consultants, an Athens-based business consulting and services firm.

The annual inflation rate for the European Union was 2.4% in August 2024, down from 2.8% in July, while a year earlier, it stood at 5.9%.

Cyprus' cabinet has approved one of the four pending issues regarding the €2 bln Greece-Cyrpus Great Sea Interconnector (GSI) project. Greece's PM Mitsotakis and Cyprus' President Christodoulides will meet in Athens Thursday to discuss the project.

This allowed Eurobank to raise 850 million euros and reduce the bond’s credit spread to 180 basis points, down from the initial indicative offer of 210 basis points.

The purpose of the reissuance of these Greek government bonds is to meet investor demand while also facilitating the functioning of the secondary bond market.

The Greek sector outpaced its European competition—both in quantity and monetary value—with the latter experiencing a dip in monetary value of -7.5% over the same period.

Previous concerns by Cyprus' power regulator over cost-sharing and sustainability in the face of geopolitical turbulance appear to have been overcome

Spiti Mou 2’ housing program is set to open for applications in January with broader income and age requirements.

This legislation will impose new obligations on property owners offering AirBnB-like leasing, mostly conditions related to health, safety and operational guidelines

Lamda Development cited a consideration of 150mln€ for the land transaction with a Prokopiou -owned company, with a total investment billed at half a billion

The program is anticipated to attract investors as the investment required for the Startup Visa is significantly lower, compared to the 400,000 euros necessary for the acquisition of the Golden Visa.

The performance was almost double the target of 3.316 billion euros

The announcement came days after Moody's the same for Greece's outlook while maintaining the sovereign credit rating one notch below 'investment grade' at Ba1