ATHENS - Expecting another record year in tourism to surpass the numbers in 2023 in arrivals and revenues, Greece’s infrastructure - particularly on overwhelmed islands - isn’t adequate to deal with the demands even as more resorts keep opening.
ATHENS - In what could be another scandal, Greece’s Competition Commission and the European Public Prosecutor’s Office (EPPO) are reportedly looking into 2.
ATHENS - Retail commerce turnover in the first quarter of 2024 was disappointing, according to traders’ estimates.
ATHENS - Fueled by the Golden Visa program, which offers affluent foreigners and their families 5-year residency permits and valuable European Union passports, real estate emerged as the prime attraction for investors once again.
PIRAEUS, Greece -Greece’s essentially tax-free shipping oligarchs may rule the world’s waves but have bought 1,500 ships since 2000 from Chinese shipyards - Greece’s sector is struggling - and spent $70 billion to do it.
ATHENS - The sell-off of state interests in five banks by the end of the year is expected to reap 3.
ATHENS - Greece should not become complacent about its still surging recovery, which has been a remarkable comeback from the economic and austerity crisis of 2010-2018, Bank of Greece Governor Yiannis Stournaras warned.
PAROS - The New Democracy government’s vow to curb overtourism and unchecked development on islands, where infrastructure strain and business encroachment on beaches are prevalent, hasn’t slowed the proliferation of villas on Paros.
ATHENS - Attempting once more to tackle evasion amidst tax rates reaching up to 45%, making it challenging - or in some instances, impossible - to fulfill obligations to the state, Greece's New Democracy intends to halve the required payment amount, focusing solely on fines and surcharges.
ATHENS - Officials from the Hellenic Competition Commission raided 10 companies, including Greece’s three telecommunications firms and related service providers, during a probe into whether bids were being rigged.
ATHENS - With one of the highest tax brackets in the European Union - 45 percent for those with incomes over 40,000 euros ($43,072.
ATHENS - Greece’s Envolve Entrepreneurship, a non-profit startup support organization, plans to back 100 new companies through 2029, significantly increasing its support from the 37 companies in 20 sectors it has assisted so far.
ATHENS - It took €50 billion ($53.
ATHENS - Greece’s push toward using more solar energy in a country abundant with sunshine, instead of continuing to rely on coal and other sources for electricity generation, has seen two firms join forces on a long-term deal to produce 210 Megawatts.
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