Specifically, from Jan. to Aug. 2024, the central government recorded a cash surplus of 1.368 billion euros, compared to a deficit of 964 million euros in the same period of 2023.

The greenhouse sector is already one of the most dynamic areas within the primary sector and presents a viable solution to the pressing issues caused by the climate crisis.

The country has 3.3% compared to the Union’s 1.9% average in the first quarter of 2024, according to a study by OCTANE Management Consultants, an Athens-based business consulting and services firm.

The annual inflation rate for the European Union was 2.4% in August 2024, down from 2.8% in July, while a year earlier, it stood at 5.9%.

Cyprus' cabinet has approved one of the four pending issues regarding the €2 bln Greece-Cyrpus Great Sea Interconnector (GSI) project. Greece's PM Mitsotakis and Cyprus' President Christodoulides will meet in Athens Thursday to discuss the project.

This allowed Eurobank to raise 850 million euros and reduce the bond’s credit spread to 180 basis points, down from the initial indicative offer of 210 basis points.

The purpose of the reissuance of these Greek government bonds is to meet investor demand while also facilitating the functioning of the secondary bond market.

The Greek sector outpaced its European competition—both in quantity and monetary value—with the latter experiencing a dip in monetary value of -7.5% over the same period.

Previous concerns by Cyprus' power regulator over cost-sharing and sustainability in the face of geopolitical turbulance appear to have been overcome

Spiti Mou 2’ housing program is set to open for applications in January with broader income and age requirements.

This legislation will impose new obligations on property owners offering AirBnB-like leasing, mostly conditions related to health, safety and operational guidelines

Lamda Development cited a consideration of 150mln€ for the land transaction with a Prokopiou -owned company, with a total investment billed at half a billion

The program is anticipated to attract investors as the investment required for the Startup Visa is significantly lower, compared to the 400,000 euros necessary for the acquisition of the Golden Visa.

The performance was almost double the target of 3.316 billion euros

The announcement came days after Moody's the same for Greece's outlook while maintaining the sovereign credit rating one notch below 'investment grade' at Ba1

An example of this effort is the recent decision by Sklavenitis, a leading supermarket chain, in Greece, to abolish six-day workweeks for all employees starting on Nov. 1.

For 2024, the growth rate of the Greek economy is now expected to reach 2.14%, up from the previous estimate of 2.09%.

Athens awaits the much anticipated response from the Cypriot government regarding the Great Sea Interconnector project, which involves a power cable linking the grids of Greece, Cyprus and Israel, paving the way for the energy interconnection of the three countries, this week. Cyprus’ decision will regard an agreement draft that was finalized on September 10 […]

The latest official figures by the Bank of Greece (BoG) confirm that residential rents continue to rise throughout Greece, with the northern metropolis of Thessaloniki leading the way with an average 9.1% increase year-on-year in the cost of registered residential leases in the first quarter of the year. The figures hold more weight than similar […]

Another increase in tax values to match current market levels would likely trigger a further spike in real estate prices, exacerbating the already severe housing problem.