Under Fitch’s baseline scenario, it projects that the public debt-to-GDP ratio will decrease by more than 50 percentage points by 2026

The data revealed the job rate settled at 63.9%, compared to 62.7% in the first quarter and 57.3% in 2021

Buyers over 50, and middle and upper management executives constitute the primary groups investing their savings primarily in newly built high-end properties

Finance Minister Kostis Hatzidakis detailed four proposed changes to the tax system which will affect large swaths of Greek taxpayers.

The EBRD seeks to influence markets in 36 economies, but operating in transitioning democracies involves tough decisions and higher risks. Chief Economist Beata Javorcik explores these challenges and more in an exclusive interview with To Vima International Edition.

Yesterday’s News Wrap-up includes the following: New Insolvency Agency to Allow Debtors to Buy Back Foreclosed Homes Over 12 Years A new Greek insolvency agency allowing economically vulnerable debtors to settle their debts by leasing their foreclosed properties is expected to be implemented in 2025. The new legal framework, named the Sale & Lease Back Organization […]

The call to tender for selecting an investor to manage the Greek insolvency agency is in its final stage, and binding offers are expected to be submitted within the month.

A report by the Athens-based Institute for Alternative Policies (ENA) counters the government’s narrative, saying Greece is last in the EU in terms of investments per GDP percentage

The initiative comes in the wake of widespread reactions sparked by a Supreme Court decision two weeks ago, which ruled that all tips are income and therefore subject to taxation and insurance and healthcare contributions

Applications for the government subsidy for heating oil payments are expected to open in the coming days.

Attica Bank plans to raise €735 million to repay a Tier 2 bond and to support its growth.

A report by the Hellenic Competition Commission reveals a 6% decrease in sales of branded feta products, while many Greek households are turning to more affordable cheese options

The founder of Thenamaris Ships Management, Athina Martinou, was widely considered the most powerful woman in Greek shipping.

The European Commission has sent an official information request to ecommerce site Temu, asking for information on what measures it has taken to stop the trade of illegal products on its site

The largest decrease was recorded in the agriculture, forestry, and fishing sectors, at 4.4%. Retail trade also showed a decrease of 0.7%

Data shows that Greece’s dependence on Middle Eastern oil is the highest among developed economies, as is its reliance on exports to the Middle East and North African region.

Cheaper electricity in Greece will be available from 10 a.m. to 3 p.m. and on weekends, possibly starting in 2025, when Greece changes its Time-of-Use pricing policy.

These trends are largely attributed to a significant drop in energy prices, despite some fluctuations, along with a softening in food prices.

It's important to note that the ExxonMobil/HELLENiQ ENERGY consortium had already conducted preliminary 3D geophysical surveys in the area in early 2024.

The appodixi digital platform produced 28,910 complaints, of which 3,879 are anonymous, and 25,031 are eponymous