Τρίτη 19 Μαρτίου 2024
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Greek Trade Deficit Up in January by 2.7%

According to ELSTAT, the trade deficit in January 2024 amounted to 2,543.1 million euros, compared to 2,476.7 million euros in the same month of the previous year

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Tourism Trends: The Key Players in Greece’s Arrival Scene

Rather, the focus lies on the quality of tourist arrivals and their economic impact, prioritizing sustainable growth and meaningful contributions to the local economy.

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Photovoltaics: Greece 5th in PPAs in Europe

Greek company Mytilineos, which has entered into a bilateral long-term power contract for 411 MW, holds 8th place in green electricity in Europe

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Smoking Leaves a Lasting Mark on the Immune System for Years after Quitting

The data concerning smoking were particularly strong, as the impact of smoking on cytokines was as significant as that of age, gender, and genetic background. Moreover, this impact appeared to persist for years after an individual had stopped smoking

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Greek Farmers Fail to Agree with PM Mitsotakis in Meeting

The Greek farmers have been conducting road blockades for the past 3 weeks demanding cheaper fuel oil and subsidies for lost income due to extreme weather, among other things

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Why is ‘Made in Greece’ Label Disappearing?

Finally, Kapounis emphasizes that compared to other EU countries, Greece produces close to nothing, and there will be further degradation of the primary sector, whether it concerns fruits or vegetables

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EU Reaches Provisional Agreement on Economic Governance

The main objective of the reform is to ensure sound and sustainable public finances, while promoting sustainable and inclusive growth in all member states through reforms and investment.

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Air Arabia To Launch Direct Sharjah-Athens Flights

The flights are slated to commence in June as the company is set to inaugurate a direct route linking Athens with Sharjah in the United Arab Emirates (UAE), the third most populous city in the Gulf Kingdom

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Hilton Sets a Goal of 40 Hotels Across Greece in Expansion Drive

One of the key highlights of this expansion plan includes the re-establishment of the iconic “Hilton” brand in Athens, which was withdrawn in 2021 from the prestigious Vasilissis Sofias Avenue property

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Riot Police Intervene, End Brief Occupation of Law School in Komotini

A wave of protests have erupted on several campuses across Greece over the recent period, as more militant left-wing students’ groupings and self-styled anarchists stepped up opposition to a pending draft law allowing for the recognition of non-state universities operating

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Greece Ranks 13th on European Minimum Wage List

In an interesting contrast, Sweden, Austria, Denmark, Finland, and Italy lack national minimum wages but establish them through collective agreements

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US Approves F-35 Sale to Greece

The US State Department late Friday notified Congress of the Biden administration’s intent to sell the 5th Generation warplanes to the country, along with new F-16s and modernization kits to Turkey

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7+1 Changes in Employment and Benefits

The possibility of employment is extended to the sixth day of the week in businesses operating continuously, implementing a five-day work system with alternating shifts, with additional work compensated at a 40% increase.

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Greek Seaman Cadet on St. Nikolas Tanker Arrives in Athens

The junior officer was serving aboard the Marshall Islands-flagged St. Nikolas when it was boarded by Iranian military personnel and diverted to an Iranian port

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Greek PM Kyriakos Mitsotakis at the World Economic Forum in Davos

During Thursday and Friday, the Prime Minister will engage in discussions with top executives from major technology and energy companies, who have expressed keen interest in potential investment opportunities in Greece

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Commission: Raise Wages with Caution

However, the Commission warned about the need for balance, emphasizing that substantial wage hikes, without parallel productivity gains, could adversely impact competitiveness across Europe

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Greek PM Convenes Top Meeting on Generative AI in the Country

The specific study was composed last autumn by the Athens-based Demokritos National Research Center and serves as the first strategic foresight for the use of generative AI in Greece, according to its authors

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Car Sales Surge in 2023

The 130,000-car threshold had not been reached since 2010, the year that saw Greece propelled into a punishing economic crisis and financial downturn.

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Greek Pharma Sector Faces Challenges Amid Drug Shortages

An aging population and economic constraints contribute to a strained Greek National Healthcare System (ESY), appearing insufficient in meeting the demands of the times

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Greek Property Owners Boost Short-Term Rental Market

The trend is reinforced by the positive reviews given by visitors to accommodations, especially in areas like Polygono, the First Cemetery of Athens vicinity, Hellenorossi, and Zappeion

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The Champions in Profits and Price Hikes

However, supermarkets and department stores saw a decline in EBITDA profits by 9.06% to a 613.3 million euros in 2022 compared to 674.5 million euros in 2021, as this sector had experienced unprecedented profits during the pandemic period of 2020-2021

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Food Inflation Rocketed in Greece in Nov. 2023

Furthermore, the “household baskets” that the government invented to supposedly check market prices have not been effective in controlling revaluations.

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Poll: Greeks Pessimistic for 2024

New Democracy (ND) holds a commanding lead against its poltical rivals, according to a survey conducted by Alco pollsters on behalf of Greek TV station “Alpha”.

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Business Startups Outpaced Closures in Greece for 2023

According to the data from the General Commercial Registry (GEMI), in 2023, 57,272 new businesses were established, while 20,268 closed, indicating that last year’s startups were 14.7% more than the corresponding figure in 2022, and closures were 6.3% fewer

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Salaries in Greece Seen Raising up to 30% on Labor Shortages

The increases will be driven by labor market shortages especially in technology and high growth and investment sectors like tourism, communications, infrastructure and energy

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Cost of Milk in Greece Rose 20% from 2022 to 2023

From February 2022 to January 2023 the cost of milk increased from 1.04 to 1.25 euros per liter plus VAT while more consumers turn to the “household basket” to make their milk purchases

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Explosion on Greek-Owned Cargo Ship in Black Sea – 2 Injured

According to Ukrainian sources, the ship was heading to the port of Izmail on the Danube to load grain and was at risk of sinking when it was hit yesterday morning (27/12) by a Russian mine

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Retail Holiday Schedule

Shop owners anticipate that the increased traffic, already recorded since the previous week, will boost their turnover

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Greek Econ Momentum Expected to Continue in 2024

A post-pandemic recovery was more-or-less highlighted with last week’s designation by the Economist of Greece as its “Country of the Year” for 2023

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Cost of Christmas Table Expected to Increase by Up to 11.4% this Year

It’s essential to note that the price range reflects variations in product quality, encompassing diverse local markets and different types of stores. Moreover, the reported prices serve as indicators, attempting to outline the general price distribution and market overview

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Τρίτη 19 Μαρτίου 2024