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Economy

LAVRIO, GREECE - A majority share in the Greek port of Lavrio, located north of Athens International Airport and utilized for accessing islands by tourists and commercial vessels, is being offered for sale by the country’s privatization agency, the Hellenic Republic Asset Development Fund (HRADF).

ATHENS - The Greek aluminum frame supplier ELVIAL, currently involved in redesigning the iconic Minion department store in Athens, has announced plans for new investments totaling €16 million ($17.

ATHENS - The Greek aluminum frame supplier ELVIAL, currently involved in redesigning the iconic Minion department store in Athens, has announced plans for new investments totaling €16 million ($17.

ATHENS - With Greece’s unemployment rate falling to around 9% after being more than double that during an economic crisis from 2010-18 and the impact lasting until 2022, hiring expectations for the second quarter of 2024 are seen as only moderate.

ATHENS - With Greece’s unemployment rate falling to around 9% after being more than double that during an economic crisis from 2010-18 and the impact lasting until 2022, hiring expectations for the second quarter of 2024 are seen as only moderate.

ATHENS - Propelled by the government’s My Home program providing low or interest-free young couples buying their first home, and Golden Visas given rich foreigners buying properties, sales of homes in Greece jumped in 2023, despite high prices.

ATHENS - Propelled by the government’s My Home program providing low or interest-free young couples buying their first home, and Golden Visas given rich foreigners buying properties, sales of homes in Greece jumped in 2023, despite high prices.

LATEST

After Imposing POS Requirement, Greece Targets High Fees for Card Use

ATHENS - Greece’s Finance Ministry is talking with banks, credit card companies and managers of Point-of-Sale (POS) systems to reduce the fees to customers and businesses who make electronic payments instead of cash.

ATHENS - Greece’s Finance Ministry is talking with banks, credit card companies and managers of Point-of-Sale (POS) systems to reduce the fees to customers and businesses who make electronic payments instead of cash.

Rising Greek Economy Got €11.2 billion in Public Investments in 2023

ATHENS - It hasn't helped working-class households struggling with high supermarket prices and soaring rents, but Greece's economic recovery accelerated in 2023 as the COVID-19 pandemic neared its end and continues to grow.

ATHENS - It hasn't helped working-class households struggling with high supermarket prices and soaring rents, but Greece's economic recovery accelerated in 2023 as the COVID-19 pandemic neared its end and continues to grow.

British Firm Says Likely Greece Has Critical Minerals for Clean Energy Use

ATHENS - Greece’s hopes to get away from fossil fuels for greener and alternative energy sources could get a big boost in a report that the country seems to have bountiful sources of metals and semimetals needed for a transition to clean energy and other uses.

ATHENS - Greece’s hopes to get away from fossil fuels for greener and alternative energy sources could get a big boost in a report that the country seems to have bountiful sources of metals and semimetals needed for a transition to clean energy and other uses.

Cotton Farmers Anxious Over Dutch Flood Protection Plans for Thessaly

ATHENS - Following protests from farmers seeking more state aid in the wake of 2023 summer wildfires and floods that devastated parts of Greece’s agricultural heartland, Prime Minister Kyriakos Mitsotakis presented flood protection proposals from Dutch experts.

ATHENS - Following protests from farmers seeking more state aid in the wake of 2023 summer wildfires and floods that devastated parts of Greece’s agricultural heartland, Prime Minister Kyriakos Mitsotakis presented flood protection proposals from Dutch experts.

Greece’s Eurobank Sees Profits Jump 69.4%, Rising Through 2026

ATHENS - After offloading bad loans to collection agencies and receiving €50 billion ($54.

ATHENS - After offloading bad loans to collection agencies and receiving €50 billion ($54.

Minister Says 15% Price Drop on Some Products in Greek Supermarkets

ATHENS - Trying to deal with the biggest gripe that Greeks have - high prices in supermarkets - Development Minister Kostas Skrekas said measures the government has taken cut prices an average of 15 percent in some categories.

ATHENS - Trying to deal with the biggest gripe that Greeks have - high prices in supermarkets - Development Minister Kostas Skrekas said measures the government has taken cut prices an average of 15 percent in some categories.

Soaring Prices Making Greek Table Staple Olive Oil Luxury Commodity

ATHENS - A standard item on just about every household and restaurant table in Greece - olive oil - is fast becoming unaffordable for many families because of climate change bringing record heat, fires and floods, and a poor crop seeing supplies dwindle.

ATHENS - A standard item on just about every household and restaurant table in Greece - olive oil - is fast becoming unaffordable for many families because of climate change bringing record heat, fires and floods, and a poor crop seeing supplies dwindle.

Europe’s Inflation is Way Down. But Hope is Gone for a Quick Interest Rate Cut

FRANKFURT, Germany (AP) — Europe's energy crisis sparked by Russia's war in Ukraine has eased.

FRANKFURT, Germany (AP) — Europe's energy crisis sparked by Russia's war in Ukraine has eased.

Greek Real Estate Revival: Prices Surge, Defying Economic Odds

ATHENS - Greece’s economic and austerity crisis from 2010 to 2018, which brought devastating austerity measures and saw real estate prices drop to the point where people almost couldn’t give away apartments or houses, has turned around significantly.

ATHENS - Greece’s economic and austerity crisis from 2010 to 2018, which brought devastating austerity measures and saw real estate prices drop to the point where people almost couldn’t give away apartments or houses, has turned around significantly.

AKTOR Begins Construction on Romania’s Largest Railway Tunnels

BRASOV, ROMANIA - Greek construction giant AKTOR SA has commenced construction on Romania's largest railway tunnels as part of a major project with a budget exceeding €573 million, contributing not only to the modernization of the country's transport infrastructure but also to the strengthening of a crucial railway corridor for Europe.

BRASOV, ROMANIA - Greek construction giant AKTOR SA has commenced construction on Romania's largest railway tunnels as part of a major project with a budget exceeding €573 million, contributing not only to the modernization of the country's transport infrastructure but also to the strengthening of a crucial railway corridor for Europe.

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