In November 2024, Greece experienced a significant rise in private sector deposits, with total deposits climbing over 2 billion euros to reach 198 billion euros, compared to 195.5 billion euros in October. The annual growth rate for total financing in…
European stock markets experienced slight upward trends on December 18 as investors await the U.S. Federal Reserve’s monetary policy decision. The Fed may lower interest rates by 25 basis points but is expected to temper expectations for further cuts in…
Greece will reintroduce Christmas baskets to help consumers purchase holiday gifts and prepare festive meals at lower costs. Launching on December 11, these baskets will include traditional Christmas foods like lamb, goat, turkey, and desserts. Additionally, shoppers can find a…
Greece’s 2025 budget proposal, set to be presented to Parliament on Wednesday, focuses on maintaining high primary surpluses and controlling expenses while reducing national debt. The plan includes interventions worth €1.1 billion aimed at boosting citizens’ incomes. It projects a…
Taxi drivers in Greece face fines starting at €1,000 for failing to display a mandatory sticker indicating acceptance of card payments. Inspections by the Independent Authority for Public Revenue (AADE) have revealed many taxis, especially around Athens, lack the required…
Greece’s Ministry of National Economy and Finance is set to pursue early repayments of expensive loans within its memoranda framework through 2025. The strategy aims to reduce interest servicing costs and signal confidence in the Greek economy to international markets….
Residents of Megalopolis are urged to participate in a protest against the closure of the 4th lignite unit and mines in the area. The demonstration, set for November 20, 2024, will coincide with a general strike organized by the unions…
Beginning Monday, taxi drivers in Greece face a €1,000 fine if they fail to display a mandatory sticker on their rear right window, indicating that payment via POS is required. Throughout the week, tax authority inspectors conducted checks across Attica,…
Residents of Achlada, Greece, are protesting the dangerous conditions on the Achlada-Meliti road, heavily trafficked by trucks transporting lignite at high speeds. The protests coincide with concerns over the potential closure of the Meliti power station, which could lead to…
Greece’s economy is projected to grow above the Eurozone and EU averages, with GDP forecasts of 2.1% in 2024, 2.3% in 2025, and 2.2% in 2026, primarily driven by the Recovery and Resilience Plan. Inflation is expected to decline steadily…
In the third quarter of 2024, Greek businesses reported a 4.4% increase in revenue, totaling €128.2 billion, compared to €122.8 billion in the same period the previous year. The mining and quarrying sector led growth with an impressive 18.4% rise,…
At the inauguration of the 39th Philoxenia International Tourism Exhibition in Thessaloniki, Apostolos Tzitzikostas, the newly appointed European Commissioner for Sustainable Transport and Tourism, outlined a comprehensive strategy for developing tourism across Europe and Greece. Emphasizing the sector’s vital role…
