Official data from Greece’s statistical authority, ELSTAT reaffirms a surge in foreign buyers’ interest in newly built, energy-efficient holiday homes and properties, as construction activity in the housing market saw a sharp rise in 2024. In recent years, there has been a notable shift among residential property developers toward the holiday home market in Crete. […]

Bank of Greece (BoG) Governor Yannis Stournaras firmly ruled out any discussion regarding the reinstatement of the 13th and 14th salaries, speaking at the conference Ellada Meta VIII, co-organized by Kyklos Ideon (Circle of Ideas) -the Greek think tank- in partnership with the Delphi Economic Forum. The event focused on “Europe, Greece, and the Onslaught […]

The rating agency Moody's raised Greece’s long-term credit rating to Baa3 from Ba1, with a stable outlook.

The unemployment rate in Greece recorded a further decline in January 2025, reaching 8.9%, according to the latest Foundation for Economic & Industrial Research (IOBE) report. The number of jobless individuals decreased to 410,000, marking a 31.4% drop compared to the previous year over the same period. Meanwhile, employment increased by 1.3% year-on-year, reaching 4.21 […]

The stock market has reflected strong performance, with the general index showing resilience and a lack of inward-looking caution.

Pricing of the new bonds is expected to be finalized today, March 13, with settlement anticipated on March 20.

Piraeus Financial Holdings S.A. announces that it has agreed to buy 90% of the Greek insurance company from CVC Partners Fund VII for €600mln.

Greece’s appeal is driven by its competitive pricing compared to other luxury markets, such as the French and Italian Rivieras.

The Greek trade deficit amounted to €2.8 billion in January, according to data from the Hellenic Statistical Authority (ELSTAT). Specifically, the total value of imports for January 2025 amounted to €6,906.4 million (€7,129.6 million) compared to €6,598.0 million (€7,173.3 million) in the same month of 2024, marking a 4.7% increase in euro terms. According to […]

The data shows significant price increases in certain sectors, with hotels seeing a rise of 17.5%, air travel prices going up by 10.8%, rent rising by 9.9%, and health insurance premiums climbing by 7%.

Greece's tax authority has compiled a guide addressing the most common questions regarding the transfer tax exemption for first-time home purchases.

The city center remains a key area of interest, with an average asking price of 2,524 euros per square meter, reflecting a 5.21% increase from February 2024.

The trend on all ratings has returned to stable from positive,

The largest share of the workforce was made up of professionals (22.8%) and service and sales workers (22.3%).

The Greek economy grew by 2.3% in 2024, according to initial estimates from the Hellenic Statistical Authority (ELSTAT), with Q4 GDP running at 2.6%. According to the available seasonally adjusted data, Greece’s Gross Domestic Product (GDP) in volume terms increased by 0.9% in the fourth quarter of 2024 compared to the third quarter of the […]

The project is being implemented by TERNA, the construction arm of the GEK TERNA Group

a-EBITDA increases to 604 million euros, up from 537 million euros in 2023

The survey included 502 small business owners and self-employed professionals, highlighting the ongoing struggles of small enterprises in Greece.

The weighted average interest rate for new deposits remained steady at 0.45%.

Wood & Co increases the price target for GEK ΤΕRΝΑ to €27 per share (from €18), implying a 48% upside from the current levels. As the brokerage firm points out, in 2024 GEK TERNA’s profitability profile became more “aggressive”, with the sale of TERNA ENERGY and the Group’s even more dynamic entry into concessions with […]