Economy

12.13.2023, 10:30

Servicers: Plan for Securitization Titles Aimed at the Return of Rehabilitated Loans to Banks

This conversation marks a crucial step forward, as approximately 5% to 7% of the non-performing loans that were securitized in previous years have returned to regular repayments for at least a 2-year period

12.07.2023, 13:36

Greece Offers a €3000 Bonus to Citizens who Report Tax Evaders

AADE (the Greek Independent Authority for Public Revenue) launches a digital platform to encourage citizens to report fraud

12.07.2023, 11:25

Supermarket Trends: Greek Consumers Favor Snacks, Soft Drinks, and Alcoholic Beverages Over Ten Months

According to data from Circana (formerly IRI) for the ten-month period of January-October 2023, the largest sales volume increase was recorded in non-alcoholic beverages and snacks at +4.4%, and alcoholic beverages at +4.3%

12.05.2023, 12:14

Morgan Stanley: Greece to Post 2.3% Growth for 2023, 3rd Quarter Hit by Natural Disasters

The Greek economy continues its positive course overall, but third quarter is seen slowing

12.05.2023, 09:37

Eurostat: Greek Households Post Worst Savings Rate in EU at -4pct

Only citizens in Poland and Greece spend more than they save

12.04.2023, 10:49

Thousands of Unfilled Positions in Greece’s Labor Market

The tourism, food and beverage, construction, industrial, security, technology and agricultural sectors suffer the most from labor shortages in the country

11.29.2023, 12:10

Greece to Pay off More Eurozone Bailout Loans Early

Next month Greece will repay 5.3 billion euros ahead of schedule and hopes to continue the trend in 2024

11.28.2023, 12:25

London Roadshow: A Spotlight on Investment Prospects in Greece

Investors want answers from Greek banks and the Hellenic Financial Stability Fund primarily on plans to maintain profitability ahead of an ECB rate cut; also seek realism from the Athens Stock Exchange around prospects of its upgrade

11.27.2023, 18:55

Greek Budget Posts Primary Surplus of 6 bln€ in Jan-Oct period

The state budget in Greece posted a primary surplus of 6.08 billion euros in the January-October 2023 period, up from a target surplus of 5.607 billion and a primary deficit of 350 million euros in the corresponding period last year, according to a finance ministry report, released on Monday, regarding budget execution on an amended […]

11.27.2023, 12:21

PM Mitsotakis at Party Diaspora in London: ‘We Will Continue Major Reforms’

The Greek PM is London for an investment roadshow

11.27.2023, 12:11

Covid’s Biggest Economic Winner Is Running Out of Steam

Ireland’s fall from grace is bad news for the eurozone, which long benefited from the Celtic Tiger’s China-style growth rates

By Paul Hannon, The Wall Street Journal

Covid’s Biggest Economic Winner Is Running Out of Steam

11.27.2023, 10:53

Greece is Back: 8 Lessons from a Painful Past

Mistakes of the past are destined to become our fate for the future if we don’t acknowledge and learn from them

By Akis Skertsos

Greece is Back: 8 Lessons from a Painful Past

11.26.2023, 16:12

Stores Open Nationwide on Sunday – Retailers Hope for Revenue Boost

The Ministry of Development has ramped up inspections to ensure advertised sales and discounts are genuine

11.23.2023, 17:12

Over 7 Million Greeks See Tax Breaks Worth 3.87bln Euros

Tax Bureau (AADE) data shows some 1,064 tax exemptions worth 15.557 bln euros

11.21.2023, 17:20

Challenges for Greek Economy After Investment Grade Restored

Greek GDP is expected to grow and an expected increase in investment should render the economy more resilient

Christina Papaconstantinou

Challenges for Greek Economy After Investment Grade Restored

11.20.2023, 19:53

Ministry of Development Imposes Fines on J&J, Colgate-Palmolive

The Hellenic Ministry of Development imposed fines of 1 million euros on Johnson & Johnson Hellas and 672,000 euros on Colgate-Palmolive Hellas for illegal profiteering. The new penalties come a week after major consumer product players Procter & Gamble Hellas and Elais-Unilever Hellas received a total of 2 million euros in fines for the same […]