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

The EC's approval follows Masdar's acquisition of a 67% stake in Terna Energy earlier this year and was a necessary step before Masdar can proceed with taking full ownership of the company.

He further added that inflation could be on track to meet ECB's 2% target in the first half of 2025, stressing the need for policymakers to reduce the "highly restrictive" interest rates.

There will be a gradual transition to this new wage-setting system which will be modelled on France’s approach.

The target market for co-ownership includes Greeks who wish to acquire holiday homes at a low cost, foreign clients and businesspeople.