In 2023, Greeks spent €34.9 billion online, with 94% making monthly e-purchases
Roughly five billion euros was invested in state shares, bonds between 4Q 2022 and 3Q 2023 as a result of recent Greek economy credit rating hikes
Taxi services providers who do not accept credit card payments and fail to display a relevant sticker will face a 1,000-euro fine.
The negative development prompted the relevant development minister to meet with supermarkets' representatives to hammer out a plan to contain rising food prices
The unemployed population dropped to 456,663, showing a significant decrease of 85,865 from June 2023 (-15.8%) and a reduction of 30,629 from May 2024 (-6.3%).
Data from the Bank of Greece for June 2024 revealed that the average weighted interest rate for new deposits held steady at 0.57%, while the rate for new loans climbed to 5.78%
Out of the 23 categories analyzed, 13 experienced price decreases while 10 saw increases.
More than half of Greek CEOs (54%) express high confidence in their company’s growth potential
As recorded by the Eurofound survey, nearly half of the workers in Greece (45%) struggle to meet their obligations with their current salary
The clock is ticking for Energean to meet tight deadlines for the €1 billion Prinos CO2 Storage project. Meanwhile, Greece already knows Prinos' capacity is not enough, and is exploring solutions in Egypt.
Greece's surge in tax income is attributed to both the higher incomes declared by taxpayers and the imputed taxation system applied to freelancers and self-employed professionals.
Meanwhile, many facilities from the 2004 Athens Olympics, which contributed to Greece's debt crisis, are now abandoned.
Greece's tax authority has been using the help of digital technologies since the start of the year to identify potential cases of tax evasion and readies itself to dole out fines and surcharges
According to Stournaras, the labor shortages are particularly pronounced in sectors critical to the Greek economy, such as tourism, agriculture, and construction
Three of the four bankers have already announced dividends for 2023's results, the first such distribution of profits after three successive bailouts
Focusing on Private Construction Activity during this period, there was a 41.8% increase in building permits nationwide, a 40.2% rise in the area, and a 26.8% expansion in volume
Voting in favor were deputies of ruling New Democracy (ND) and the lesser opposition PASOK party.
The extension was more-or-less expected, as tens of thousands of returns have not been filed, while glitches plagued the online system over the past few days
In his opening address, Chairman Gikas Hardouvelis stressed that the National Bank has turned a new chapter and is now a key player in advancing the domestic banking sector and the Greek economy.
Notably, the bank is slashing fees for the IRIS payments interbank service by 50% for professional use.