The widening current account deficit was primarily driven by a deterioration in the goods balance and, to a lesser extent, the primary income balance.

International financial services firm UBS says the valuation of the stocks of the National Bank of Greece (NBG) remains an appealing prospect for investors based on estimates although they have recovered from the lows of the fourth quarter of last year. The Swiss bank notes that while underlying profitability is expected to decline as interest […]

Highest bidder was Thessaloniki Port Authority, with an offer of 51 million euros

Mandatory installation of POS machines at practically all businesses, and by self-employed professionals takes a 'bite' out of tax evasion; 614% increase in declared revenue by carwashes

As of the Greek-Egyptian plan to move forward in the critical field of energy, Energy and Environment Minister Theodoros Skylakakis signed a memorandum of understanding (MoU) with the Egyptian Minister of Petroleum & Mineral Resources Karim Badawi during the former’s two-day visit to Cairo. The signing of the MoU, which took place at the Egypt […]

Greek authorities aim to crackdown on unlicensed investment advisors, tighten oversight of crypto and use AI and mystery shoppers to protect investors.

Ot.gr: Hydrocarbon exploration, exploitation tender will be unveiled upon publication in government gazette; Reports cite Chevron interest

Deal envisions Cypriot natural gas from Kronos, Aphrodite fields shipped to two LNG terminals in Egypt

The Greek budget recorded a primary surplus of €2 billion, up from the €1.4-billion target for January. According to provisional data for the execution of the state budget on a revised cash basis, the Greek government budget balance reported a €780-million-euro surplus against the €200-million target for January 2025 included in the preliminary report. The primary […]

With just 11 days left until the deadline, taxpayers in Greece must act fast to submit their asset declarations for the years 2022 and 2023.

Despite innovative technologies boosting Greece's tax revenues, tax rates remain unchanged, and citizens continue to bear the burden

The public debt-to-GDP ratio is forecast to fall below 150% by 2025, aided by the primary budget surpluses reinforcing the Greek economy even more.

Food inflation in Greece remained nearly stagnant at just 0.1%, while the highest price increases were recorded in passenger air transport (31.6%), natural gas (26.5%), hotels-motels-inns (16.8%) and residential rents (9.2%).

Earlier on Friday, during the Munich Security Conference, President of the European Commission Ursula von der Leyen announced plans to reform defense spending rules to enable member states to "substantially increase their defense expenditure"

In the second edition of its monthly tracker, which analyzes industry data from the Bank of Greece, UBS notes that while corporate lending growth remains strong, December was a slower month.

Greek farmers continue their roadblocks throughout the country as they gear up for a crucial meeting with the Greek government on Friday.

According to data from the research firm Circana (formerly IRI), the volume of sales grew by 2.8% in 2024, outpacing the 2.6% increase in sales value.

An investigation by Politico has uncovered one of the largest fraud cases in Europe's agricultural sector, revealing an elaborate scheme that diverted approximately €45 million in EU subsidies annually.

The cost of properties on the Athens Riviera, a coastal strip of land in the southern suburbs of Athens, spanning from Greece from the port of Piraeus to Sounion and Lavrio, continues to surge, as demand remains unabated. Housing prices in the upscale location have skyrocketed, surpassing all other regions in the country. The Ellinikon […]

In its analysis, Capital Economics cites three factors as the reasons why it does not anticipate Greece’s employment significantly increasing in the coming years.