The energy ministers of Greece, Bulgaria and Romania said sharp price hikes in SE Europe's wholesale power markets last summer wer due to external factors

Clear, aniseed-flavored ouzo continues to lead all other Greek spirits in terms of export value and quantity. First-half 2024 results show that ouzo accounts for 59% of the former and 71% of the latter. Germany remains the biggest consumer of ouzo worldwide, accounting for 43% of the liquor’s exports from Greece, according to recent figures […]

The concerning figures come in spite of the summer sales by retailers, as consumers are trying to make ends meet due to the rising cost of living.

This means that Greece could raise up to 727.2 million euros from the sale.

The auction of the 13-week T-Bills was announced by Greece's Public Debt Management Agency on Friday and only primary dealers are eligible to participate.

The conservative estimates of potential reserves are around 24 trillion cubic feet (680 billion cubic meters) of natural gas, according to the report.

60 % of the companies admitted that attracting skilled employees has become more difficult due to wage levels.

This subsequent debt repayment is expected to be completed by Sept. 2025, with an amount of at least 5 billion euros.

"When visitors return to their home countries and see a Greek wine in the market, they will remember it and buy it. Essentially, we have 33 million potential ambassadors for our wine,"

Total revenues for the January-June 2024 period reached 107.1 million euros, compared to 102.4 million euros in the corresponding period of 2023

A risk of poverty, not actual poverty, threatens 18.7% of the population in 2023, an increase from 17.4 % the previous year

The highest average annual expenditure was recorded in the Attica region, amounting to 23,325.96 euros, while the lowest was in Central Greece, at 14,052.24 euros.

The government instituted an additional 40-euro pay rise to employees earning the minimum wage in Greece last April

This recognition highlights the growing influence of Greek businesses at a European level, leading the way in creating great workplaces for all

According to research by the ENA Institute, over 280,000 economically active people left Greece between 2019 and 2022

The cost for a Golden Visa jumped from €250,000 to as high as €800,000 on September 1, but there are still some ways for third country nationals to get a lower-cost Golden Visa.

Yesterday’s News Wrap-up includes the following: BoG: Total Deposits up in August at 1.9% Total deposits were up in the month of August on a year-to-year basis at 1.9%, compared to 1.4% in July, according to a press release by the Bank of Greece (BoG). EBRD Forecasts 2.4% Growth for Greek Economy in 2024, Positive […]

Labor market conditions also continued to improve in the first half of this year, as the unemployment rate fell to 9.6% in June, the lowest in 15 years.

The annual rate of change regarding the total credit extension in the domestic economy remained constant, settling at 3.8% in August, the Bank of Greece reported.

some Dodecanese islands, such as Rhodes and Kos, as well as Crete are seeing their bookings being extended until November 15