This optimism is fueled by PPC's recent 700 million euro acquisition of Macquarie's renewable energy portfolio in Romania and the company's strong financial performance in the first half of the year.

Adjusted EBITDA remained stable at 326.7 million euros, with gains in Greece offset by declines in Romania.

Looking ahead, Eurobank aims to fully integrate Hellenic Bank’s accounting operations, with this process slated to begin in the third quarter of 2024.

Runway activity will be suspended at Zakynthos, Kefalonia, Corfu, Mykonos, Santorini, Samos, Rhodes, Lesvos, and Kavala airports in the coming months.

In its report, DBRS analyzed Q1 results for the four major Greek banks—Alpha Bank S.A., Eurobank S.A., National Bank of Greece S.A., and Piraeus Bank S.A.

UBS maintained a buy recommendation for both the systemic banks

More than 3.61 million passengers passed through Greece’s biggest and busiest airport last month to account for the 9.3% hike

Resolved private sector cases correspond to a nominal value of 518 million euros, according to finance ministry figures

Greek market analysts described the plunge as imported, following sharp declines in international markets at the end of last week

Overall arrears owed to the state total a still stratospheric 80.8 billion euros, even as 26.32 billion euros has finally been declared as “non-collectible” by the tax bureau.

In Greece's case, a notable hike in cruise ship arrivals at ports of specific isles along with the main hub of Piraeus is viewed as the most urgent issue

The extraordinary kWh subsidy program comes amid the latest surge in energy prices, especially electricity produced from natural gas

It settled a a 5-month low at 106.8 in July

Over 50% of Greek private sector employees earn €800 or less monthly, highlighting widespread poverty and low purchasing power.

The results were a 26% increase compared to the same period in 2023

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%).