Category: Economics > Macro-economics
-
Banks and the ‘hot’ issue of increasing loans
If they want to maintain their profits over the next few years, given the ECB’s reduction in interest rates, as it is based significantly on interest income, they should increase their portfolio in particular. Bank administrations say that the credit expansion in 2024 is expected to range to 7 billion to 8 billion euros. According…
-
Economy: The 5 knots of Hatzidakis for summer
For five “hot” issues that concern the Greek economy, the Ministry of National Economy and Finance is invited to take action this summer. These are, as they say, sources of the Ministry of Finance, issues that have been “stuck” for years, but it is now time to give a solution. It will be a “hard…
-
Theodorikos: Reindustrialization is a condition of security and development
“Our country has – both in the primary and secondary sectors – significant productive potential, which must be exploited,” the Minister of Development said in an interview with the newspaper “Parapolitan”. Specifically, Takis Theodorikos stated that “For a long time many considered Greece a country of services. However, our country has – both in the…
-
Electricity Current: How the electricity market works in Europe
The ejecting of these in the current month, in addition to the exceptional tax on producers’ profits in order to subsidise domestic tariffs in August has opened the public debate on the reasons for this phenomenon. In addition to the unpredictable long heat in eastern Europe, the main reason for the price ejecting is the…
-
Papadimitriou (EU): Greece’s policy of attracting international investors is effective
The best historical performance in the number of direct foreigners achieved in 2023 Greece while improving their quality composition, according to the “EY Attractiveness Survey Greece 2023” conducted by FT Longitude, between 8 March and 4 April 2024. According to the survey, in 2023 Greece attracted 50 FDI, compared to 47 in 2022, with the…
-
Greece’s policy of attracting international investors is effective
The best historical performance in the number of direct foreigners achieved in 2023 Greece while improving their quality composition, according to the “EY Attractiveness Survey Greece 2023” conducted by FT Longitude, between 8 March and 4 April 2024. According to the survey, in 2023 Greece attracted 50 FDI, compared to 47 in 2022, with the…
-
Inflation: What are international and what domestic price rise factors
Its phenomenon is well maintained despite its frequent fluctuations, as domestic and international factors contribute to their retention at high levels. One of the most responsible “minors” in the Greek economy has been expressed many times how the problem of price increases is responsible for 80% of imported inflation, as geopolitical and macroeconomic forces from…
-
Greece has reduced European Court of Justice fines for illegal landfills by 70%
Over the last 5 years, the illegals have been reduced by the Court of Justice of the European Union (EU). Another two cases of fines were eliminated, after the restoration of illegal Lands of Uncontrolled Disposal (HADA), in Kea and Folegandros. The landfills further reduce the number of fines cases. Specifically, from 65 who were…
-
DADEX: Auction of interest bonds 500m euros on 24 July
An auction of 26 weeks and 500 million euros, ending 24 January 2025, is held on Wednesday 24 July 2024 by the Public Debt Management Agency ( ). The tender will be made with competitive tenders from the main market negotiators in the EDAT, in accordance with the procedure laid down in their operating rules.…
-
Favourable provisions on energy costs and professional tariffs are requested by GSEBE
The extension of the favourable provisions on energy costs and professional tariffs is requested by a letter to the Minister for the Environment and Energy, Mr.Skylakis, as thousands of small and medium-sized enterprises are at risk of closing down, but also because they may increase their prices. In particular, as stated in the letter from…
-
The overall turnover index in industry increased by 4.6% in May this year compared to 2023.
4.6% increased its general index to (total domestic and external markets) in May 2024 compared to 2023, compared with a decrease of 12.5% in the corresponding comparison in 2023 to 2022. According to the ELSTAT data, this increase in turnover of domestic industries came from: 1. From the changes in indicators of individual sectors of…
-
Stournaras: ECB monetary policy will remain restrictive
Even with further interest cuts its monetary policy will remain restrictive for some time, according to what the Bank of Greece’s governor said, at Brussels Hellenic Network, Argo, in honor of the new Members of the European Parliament of Greece and Cyprus. Mr Stournaras stressed that the challenge for the ECB over the next period…
-
IOBE: Greek exports are projected to deteriorate in 2024 – Timeless low added value
“Bad news” for Greek was provided by the quarterly report of the Foundation for Economic and Industrial Research ( ). IOBE plans for 2024 growth 2.1%, i.e. higher than 2023, but worsening the current account deficit. Imports at constant prices are expected to increase annually by + 1.8% while exports will decrease marginally by -0.4%.…
-
SUBIC to merge Attica Bank and Pangretian Bank: The benefits of the agreement and the damage avoided
The merger agreement to increase its share capital with , signed today (18.7.2024) will be submitted to Parliament for ratification. The Ministry of National Economy and Finance points out that the solution reached by the Financial Stability Fund (FIS) by merging Attica Bank with the Pangrete Bank was optimal as, first, it leads to a…
-
SUBIC to merge Attica Bank Pangretian Bank: The benefits of the agreement and the damage avoided
The merger agreement to increase its share capital with , signed today (18.7.2024) will be submitted to Parliament for ratification. The Ministry of National Economy and Finance points out that the solution reached by the Financial Stability Fund (FIS) by merging Attica Bank with the Pangrete Bank was optimal as, first, it leads to a…
-
“Plafon” in the number of workers who can be employed 6 days – cannot exceed 69.104
“Plafon” exists in the number of workers who can be employed 6 days. In particular, according to cycles of the Ministry of Labour, they cannot exceed 69,105 or 2.45% of all employees in the private sector. This provision is defined indirectly by means of the definition of (industrial) undertakings which, by law alone, can carry…
-
NielsenIQ: 3.4% increase in food retail in the first half of 2024
An increase of 3.4% was presented by the turnover of the organized (food stores over 100 sq.m., in mainland Greece, Crete and the islands of June & Aegean) in the first half of 2024, compared to the corresponding period in 2023, according to the most recent market figures of NielsenIQ (YTD figures to 30 June…
-
Papathanasis: Every euro from European resources contributes to creating new jobs
The official data on the evolution of absorption, the NSRF, the Recovery and Durability Fund and the Public Investment Programme, was presented today (18.7.2024) by the Deputy Minister of National Economy and Finance, Mr. Papathanasis stressed the importance of using European resources for the benefit of the Greek economy and society, focusing on strengthening the…
-
Accuracy: Why could products be 27% cheaper in supermarkets – Apocalyptic study of TE
27% cheaper could be 41 standard products sold in , according to its study In this study of the Bank of Greece, differences in price levels between Greece and the euro area are analysed in 41 categories of branded standard supermarket products based on the estimates of Dixon et al. (2023), which find that competition…
-
13.9% increased arrivals in tourist accommodation last year compared to 2022
Both 13.9% increased, while 10.9% increased nights last year, compared to 2022, in the hotel type and camping and collective accommodation of short stay (rent rooms) in Greece. According to ELSTAT’s research data, total tourist accommodation shows an increase in arrivals and overnight stays of foreigners by 13.7% and 10.4% respectively, as well as an…
-
Accuracy: Why could products be 27% cheaper in supermarkets – Apocalyptic study of TE
27% cheaper could be 41 standard products sold in supermarkets, according to a TTE study. In this study of the Bank of Greece, differences in price levels between Greece and the euro area are analysed in 41 categories of branded standard supermarket products based on the estimates of Dixon et al. (2023), which find that…
-
Power supply: What new consumer support measures mark
The new measures announced by the government about it are stunted between its protection from one another and the free functioning of the electricity market on the other. The government has made it clear that it does not want to give the impression that it allows behaviours of asymptism or obscene gain to harm consumers,…
-
Why the purchase of luxury houses remains durable – What is happening in Greece
Particularly dynamic and durable seems to be their home and international level in the mid-2024s. According to what Sotheby’s new research says while the economic and political landscape changes, the luxury sector continues to prosper. At the same time, new trends are being created in the market for luxury houses, which gradually come to our…
-
With much smaller “basket” for energy transition the new National Plan – 30% cut in expenditure by 2030
In cutting the cost of the National Plan for and the (ESEK) by 30% by 2030 the government aims through its revision. The final draft is to be presented for consultation within the days so that it is subsequently definitively submitted to the Commission. On the occasion of the meeting of the Energy Ministers in…
-
Hatzidakis: Only 3 out of 10,000 freelancers questioned income tax
In the government’s doings and the effectiveness of the new tax framework, the Minister of Finance referred to the “7th InvestGR Forum 2024: Charting the Future”, saying that there were few free professionals who questioned him. In particular, Mr. Hatzidakis pointed out that only 3 to the freelancers went into question the income tax imposed…
-
Theodorikos: Our goal is to make Greece even more attractive to foreign investment
The government’s aim in strengthening Greece’s attractiveness to foreign investment was highlighted today (17.7.2024) by the Minister of Development, at the annual Forum “7th InvestGR Forum: Foreign Investments in Greece”. In his speech Mr.Theodorikos said, among other things, that the results of the 2024 EY research are encouraging and that our country is on the…
-
TTE: At 2.95 billion euros the primary surplus of the first half of 2024
The Greek economy recorded 2.95 billion euros in the first half of 2024, according to its data. TTE reports that in January-June 2024, the primary cash result of the central administration was €2.95 billion from 1.51 billion in the first half of 2023. In addition, the central government’s cash flow showed a deficit of 1.558…
-
At 1% food inflation in June – The lowest performance in the last 3 years
At the lowest level in the last three years, inflation declined in Greece in June 2024, according to the data it announced today (17.7.2024). The consumer price index in food was set at 1%, Eurostat says, which is the lowest since May 2021 when the economy was still moving in a deflation environment under the…
-
11.4% increased passenger traffic at airports in the first half of 2024, compared to last year
An increase of 11.4% in Greece as a whole in the first half of 2024 compared to last year, where commercial flights are conducted (39 airports: 24 EPA, 14 FRAPORT GREECE, AIA). In particular, as shown by the elements of the Civil Aviation Service, all passengers at airports in January – June 2024 reached 30,594,981,…
-
INSTRUCTIONS: At 2.81% the yield of the 5 year bond
Large investment interest appeared in the current (17.7.2024) of the five-year Greek State. The offers exceeded more than 3.5 times the amount of the auction (250m euros) and the performance of the 5-year bond was set at 2.81%. More specifically, as announced by the Public Debt Management Agency (DODIX) during the reissue of 3,875% Greek…
-
Power subsidy in August: End of the month notices of the amount
Following Prime Minister Kyriakos Mitsotakis’ pre-announcement for the accounts in August, due to the price launch, Energy Minister Theodoros Skylakis is currently specifying (17.7.2024) the measures to be taken. The subsidy to electricity bills will be financed through an extraordinary tax on the surplus profits that electricity producers will have from natural gas in July…
-
Power subsidy in August: Live announcements by Theodore Skylakis
Following Prime Minister Kyriakos Mitsotakis’ pre-announcement of the accounts in August, due to the price launch, Energy Minister Theodoros Skylakis specified the measures to be taken. The subsidy to electricity bills will be financed through an extraordinary tax on the surplus profits that electricity producers will have from natural gas in July and August. View…
-
DIRECTIVE: Today in the markets with the 5 year bond auction
Today (17.7.2024) the Greek State is to go out on the markets with 5 years . According to the announcement of the Public Debt Management Agency (DEDIX), an auction will be held for the reissue of Greek government bonds, a fixed interest rate of 3,875%, ending 12 March 2029, in intangible form. The purpose of…
-
At the top of the EU Greece in terms of energy poverty – What the latest evidence showed
A new report by the EU Research Centre sheds light on the phenomenon of energy poverty and on who European citizens found them harder in the years 2022-2023. As is likely expected, Greece is near the top of the relevant diagram, which counts two different indicators: On the vertical axis are the percentage of citizens…
-
Ahead the competitions for restoration projects in Thessaly – What will be made on a road and railway network
In the final line it appears to be entering for the auction of damage recovery projects in the EUR 1.4 billion road and rail network caused by last year’s bad weather (Daniel). The procedures that will “lock” the necessary funding to repair damage in Thessaly are reportedly advanced by the Ministry of National Economy and…
-
Reissue of a bond by ODREX: Greece comes out on 17 July with a target of 250m euros
To draw 250m euros on Wednesday, July 17th, the Public Debt Management Agency ( ) on behalf of the Greek State, coming out on the markets with a fixed rate reissue of 3,875%, ending March 12, 2029. The purpose of the reissue of the bond is to meet investment demand in the markets and at…
-
SUBSIDY: The truth about LARCO – The government’s problem and effort for a fair solution
In the problems that have been troubling it, it refers to an update of the Ministry of Finance, while explaining how the industry has reached the Special Management regime and all the government’s efforts to provide a fair solution for all parties involved. The Ministry of Finance even recalls that LARCO was put into Special…
-
Business: The turnover of May 2024 increased to EUR 30.8 billion, driven by tourism
The acceleration of tourism activity, brought boosted in May, the Greek Statistical Authority (ELSTAT) announced. In particular, for all companies in the economy with an obligation to keep bibliographic books, turnover in May 2024 amounted to 30,839. 136,000 euros, an increase of 1.5% compared to May 2023, which had reached 30,395. 338,000 euros. In fact,…
-
Bank of Greece: Bank margins for loans in the second quarter of 2024 decreased due to competition
A slight increase in demand for loans from small and medium-sized enterprises is expected in the third quarter of 2024, while due to pressure from competition, the margin of banks for ordinary loans was reduced , as reported in the findings of the Bank lending survey for the second quarter of 2024 carried out by…
-
Bank of Greece: Bank margins for loans decreased in the second quarter of 2024
A slight increase in demand for loans from small and medium-sized enterprises is expected in the third quarter of 2024, while due to pressure from competition, the margin of banks for ordinary loans was reduced , as reported in the findings of the Bank lending survey for the second quarter of 2024 carried out by…
-
ECOFIN: Greece reaches 50% of the recovery fund
Today (16.7.2024) his meeting , at which Greece was represented by the Minister of Finance, was adopted implementing decisions on amendments to the Recovery Fund for Greece, Finland, Germany, Poland and Cyprus. During the discussion of ECOFIN, Kostis Hatzidakis and all finance ministers who took the floor reminded the Hungarian Presidency that Ukraine should remain…
-
IOBE: Attenuation of the business expectations index in industry in June
He weakened the business expectations index in for the month June according to his research, and was formed at 108.3 units (from 109.2 units a month ago), at a marginally lower level than 2023 (108.6 units). The rate of factory use rose to 80.7% in April this year (from 72.9% in January), with guaranteed production…
-
Theodorikos: Full upgrade of ELKETH with a 25m-euro project from the Recovery Fund
The TREC mission, which studies the Mediterranean, was welcomed today (16.7.2024) by the Minister of Development, representing the Prime Minister, Kyriakos Mitsotakis at Stavros Niarchos Foundation. Elkethe, one of the top research centres in our country, participates in this project. Takis Theodorikos said in his speech: “Dear ladies and gentlemen, it is a great pleasure…
-
Papathanasis: In the Recovery Fund the digitization of the National Transparency Authority
By decision of the Deputy Minister of National Economy and Finance, Nikos Papathanasis, it is part of the “Development of an Integrated Information System for the Management of Audits and Inspections and Tool for Artificial Intelligence to further strengthen the control mechanism of the National Transparency Authority”. The project budget from the Recovery Fund is…
-
Papathanasis: In the Development Fund the digitization of the National Transparency Authority
By decision of the Deputy Minister of National Economy and Finance, Nikos Papathanasis, it is part of the “Development of an Integrated Information System for the Management of Audits and Inspections and Tool for Artificial Intelligence to further strengthen the control mechanism of the National Transparency Authority”. The project budget from the Recovery Fund is…
-
Electrical current: Why did the prices explode again – the four main reasons
Four main reasons for ejecting them in the current and previous month. The first is the sustained heat wave in Southeastern Europe, the second reason is the delayed energy infrastructure in the countries of the aforementioned region, the third is Greece’s electrical interconnection with these countries and the fourth is the electricity surplus that our…
-
Electrical current: Thoughts on over-profit taxation after price launch
In a decisive move to ease the burden on consumers it is geared, as it is reportedly intended to pass regulation to collect the recent surplus profits of producers. Specifically, the focus will be to find excess profits for July, August and September, in the standards of corresponding periods of the energy crisis when the…
-
Electrical current: Intervention by RIS to limit the profits of power producers and to support consumers
In a decisive move to ease the burden on consumers it is geared, as it is reportedly intended to pass regulation to collect the recent surplus profits of producers. Specifically, the focus will be to find excess profits for July, August and September, in the standards of corresponding periods of the energy crisis when the…
-
Sources OF SUBIC: Positive expectations for government-bank procurement negotiations
A meeting with their representatives, which was never announced, was held on 8 July by the Minister of Finance. According to sources of the Ministry of Finance, the meeting was a continuation of the Minister’s speech on 25 June at the Greek Banking Association. At the time, Kostis Hatzidakis had stated that the failure to…
-
Budget: Primary surplus of 2.9 billion euros in the first half – Strong income from income tax, VAT and ICC tax
Greece recorded 800m euros since last year in the first half of 2024. In particular, according to the state budget implementation data, the primary cash flow on an amended basis was set at a surplus of EUR 2,900 billion, compared to a target for a primary surplus of EUR 1,204 billion and a primary surplus…
-
Accuracy: New price increases in fruit and vegetables in May 2024, despite a decrease in production costs
Food and, in particular, fruit and vegetables are well kept, as in May 2024, the growth rose again despite reductions in the means of consumption. In particular, the accuracy of vegetables was further enhanced, as the general output price index in Georgia – Livestock of May 2024, compared to the corresponding index of May 2023,…
-
Industry: Greece had the third largest production increase in the EU in May 2024 – Germany sank
The third largest increase in production in Greece in May between the Member States of the European Union ( ). In fact, at the same time as Greece’s industry was growing at a rate of growth of 6.8%, in the first economy of the Eurozone, Germany, it was decreasing by 6.6%, while it fell to…
-
In Brussels Kostis Hatzidakis for Eurogroup and Ecofin
Brussels is visited today (15.7.2024), the Minister of National Economy and Finance, to take part in his meetings and ECOFIN. In particular, today will be the meeting of the Eurogroup, whose agenda will include a debate on the financial orientation of the Eurozone for 2025, and a joint declaration is expected to be adopted on…
-
Electrical current: More expensive country Greece in recent days – Domino continues in Southeast Europe
Particularly high prices were observed during the weekend in its wholesale Greece and this despite the fact that the corresponding in other countries in the region declined significantly. It is worth noting that electricity prices during the weekend are generally lower than daily. This time, however, the week before we saw prices from 100 to…
-
Because Greek bonds, banks and shares are shielded against market turbulence
The political risk created by the French elections remains above European markets and foreign exchange. Investors only currently removed the political risk premium, according to a number of analysts. And while many analysts warn about the possibility of a crisis in the bond and share markets, the Moody’s company strikes the prospect of France’s public…
-
Because Greek bonds, banks and shares are shielded against market turbulence
The political risk created by the French elections remains above European markets and foreign exchange. Investors only currently removed the political risk premium, according to a number of analysts. And while many analysts warn about the possibility of a crisis in the bond and share markets, the Moody’s company strikes the prospect of France’s public…
-
Because Greek bonds, banks and shares are shielded against market turbulence
The political risk created by the French elections remains above European markets and foreign exchange. Investors only currently removed the political risk premium, according to a number of analysts. And while many analysts warn about the possibility of a crisis in the bond and share markets, the Moody’s company strikes the prospect of France’s public…
-
Because Greek bonds, banks and shares are shielded against market turbulence
The political risk created by the French elections remains above European markets and foreign exchange. Investors only currently removed the political risk premium, according to a number of analysts. And while many analysts warn about the possibility of a crisis in the bond and share markets, the Moody’s company strikes the prospect of France’s public…
-
Short-term real estate rental companies: To prevent restrictions on our market
A meeting with representatives of the properties was held by the government representative, Paul Marinakis. Specifically, representatives of the Board of Directors of the Assets Short-Sleeve Company, Stama, met with him to express their positions and concerns regarding new market interventions. According to the Association’s announcement, the primary goal of the association at this meeting…
-
Short-term real estate rental companies: To prevent restrictions on our market
A meeting with representatives of the properties was held by the government representative, Paul Marinakis. Specifically, representatives of the Board of Directors of the Assets Short-Sleeve Company, Stama, met with him to express their positions and concerns regarding new market interventions. According to the Association’s announcement, the primary goal of the association at this meeting…
-
Short-term real estate rental companies: To prevent restrictions on our market
A meeting with representatives of the properties was held by the government representative, Paul Marinakis. Specifically, representatives of the Board of Directors of the Assets Short-Sleeve Company, Stama, met with him to express their positions and concerns regarding new market interventions. According to the Association’s announcement, the primary goal of the association at this meeting…
-
Short-term real estate rental companies: To prevent restrictions on our market
A meeting with representatives of the properties was held by the government representative, Paul Marinakis. Specifically, representatives of the Board of Directors of the Assets Short-Sleeve Company, Stama, met with him to express their positions and concerns regarding new market interventions. According to the Association’s announcement, the primary goal of the association at this meeting…
-
Chiaras: Priority in water resource management
For the major priorities of the Ministry of Rural Development and Food in the following period, the Minister responsible for the OPEN spoke about the three main objectives of water resources management, water quality and flood protection. In response to the issue of water resource management and water shortage, Minister for Rural Development and Food…
-
Chiaras: Priority in water resource management
For the major priorities of the Ministry of Rural Development and Food in the following period, the Minister responsible for the OPEN spoke about the three main objectives of water resources management, water quality and flood protection. In response to the issue of water resource management and water shortage, Minister for Rural Development and Food…
-
Papathanase to upgrade from Scope: International recognition of the results of economic policy
“The country’s new credit rating, this time by Scope Ratings, is another international recognition of the results of the systematic and decisive economic policy of the governments of Kyriakos Mitsotakis,” stresses Deputy Minister of Finance, Mr. Papathanasis, the new upgrade is coming to further strengthen the credibility of the country and the prospects of the…
-
Chiaras: Priority in water resource management
For the major priorities of the Ministry of Rural Development and Food in the following period, the Minister responsible for the OPEN spoke about the three main objectives of water resources management, water quality and flood protection. In response to the issue of water resource management and water shortage, Minister for Rural Development and Food…
-
Papathanase to upgrade from Scope: International recognition of the results of economic policy
“The country’s new credit rating, this time by Scope Ratings, is another international recognition of the results of the systematic and decisive economic policy of the governments of Kyriakos Mitsotakis,” stresses Deputy Minister of Finance, Mr. Papathanasis, the new upgrade is coming to further strengthen the credibility of the country and the prospects of the…
-
Scope Ratings: Upgraded to positive Greece’s prospects, in the BBB – the debt
of its prospects for stable positives, Scope Ratings continued to maintain the investment level of Greek credit rating in the category ‘BBB-’. The German company Scope Ratings, was the first to give the investment tier to Greece on 4 August 2023 Scope Ratings had given Greece the investment tier, upgrading the assessment of the Greek…
-
Papathanase to upgrade from Scope: International recognition of the results of economic policy
“The country’s new credit rating, this time by Scope Ratings, is another international recognition of the results of the systematic and decisive economic policy of the governments of Kyriakos Mitsotakis,” stresses Deputy Minister of Finance, Mr. Papathanasis, the new upgrade is coming to further strengthen the credibility of the country and the prospects of the…
-
Scope Ratings: Upgraded to positive Greece’s prospects, in the BBB – the debt
of its prospects for stable positives, Scope Ratings continued to maintain the investment level of Greek credit rating in the category ‘BBB-’. The German company Scope Ratings, was the first to give the investment tier to Greece on 4 August 2023 Scope Ratings had given Greece the investment tier, upgrading the assessment of the Greek…
-
Scope Ratings: Upgraded to positive Greece’s prospects, in the BBB – the debt
of its prospects for stable positives, Scope Ratings continued to maintain the investment level of Greek credit rating in the category ‘BBB-’. The German company Scope Ratings, was the first to give the investment tier to Greece on 4 August 2023 Scope Ratings had given Greece the investment tier, upgrading the assessment of the Greek…
-
OECD: Progress for Greece in distortions of competition
Significant progress for Greece is recorded in its latest report , in the field of structural aid for Greece . According to the updated OECD Product Market Regulation indicator, which measures distortions of competition, Greece noted the greatest improvement between OECD countries during the period 2018-2023. As noted, the regulatory framework is now close to…
-
OECD: Progress for Greece in distortions of competition
Significant progress for Greece is recorded in its latest report , in the field of structural aid for Greece . According to the updated OECD Product Market Regulation indicator, which measures distortions of competition, Greece noted the greatest improvement between OECD countries during the period 2018-2023. As noted, the regulatory framework is now close to…
-
OECD: Progress for Greece in distortions of competition
Significant progress for Greece is recorded in its latest report , in the field of structural aid for Greece . According to the updated OECD Product Market Regulation indicator, which measures distortions of competition, Greece noted the greatest improvement between OECD countries during the period 2018-2023. As noted, the regulatory framework is now close to…
-
Theodorikos: “We strengthen the Independent Competition Commission with new executives”
Meeting with her president Irene Evelyn Michaela Mary Sharp, was held today (12.7.2024) by the Minister of Development, Takis Theodorikos. They discussed all the crucial issues that concern the Competition Commission and concern its further strengthening so that it can carry out its work even more effectively on the proper functioning of the market. Immediately…
-
Theodorikos: “We strengthen the Independent Competition Commission with new executives”
Meeting with her president Irene Evelyn Michaela Mary Sharp, was held today (12.7.2024) by the Minister of Development, Takis Theodorikos. They discussed all the crucial issues that concern the Competition Commission and concern its further strengthening so that it can carry out its work even more effectively on the proper functioning of the market. Immediately…
-
Theodorikos: “We strengthen the Independent Competition Commission with new executives”
Meeting with her president Irene Evelyn Michaela Mary Sharp, was held today (12.7.2024) by the Minister of Development, Takis Theodorikos. They discussed all the crucial issues that concern the Competition Commission and concern its further strengthening so that it can carry out its work even more effectively on the proper functioning of the market. Immediately…
-
Electricity subsidies: The business world rains on the return of subsidies
The commercial world expresses strong complaints because of the government decision which suddenly obliges thousands of companies to return to energy providers subsidies for the consumption of 2022-2023, according to the . Specifically, the HSEE sent a letter to the National Economy and Finance Ministers Mr.K. Hatzidakis, Environment & Energy Mr. Th. Skylaki and Rural…
-
Revocation of the ministerial decision to return subsidies to electricity
The commercial world expresses strong complaints because of the government decision which suddenly obliges thousands of companies to return to energy providers subsidies for the consumption of 2022-2023, according to the . Specifically, the HSEE sent a letter to the National Economy and Finance Ministers Mr.K. Hatzidakis, Environment & Energy Mr. Th. Skylaki and Rural…
-
Electricity subsidies: The business world rains on the return of subsidies
The commercial world expresses strong complaints because of the government decision which suddenly obliges thousands of companies to return to energy providers subsidies for the consumption of 2022-2023, according to the . Specifically, the HSEE sent a letter to the National Economy and Finance Ministers Mr.K. Hatzidakis, Environment & Energy Mr. Th. Skylaki and Rural…
-
Revocation of the ministerial decision to return subsidies to electricity
The commercial world expresses strong complaints because of the government decision which suddenly obliges thousands of companies to return to energy providers subsidies for the consumption of 2022-2023, according to the . Specifically, the HSEE sent a letter to the National Economy and Finance Ministers Mr.K. Hatzidakis, Environment & Energy Mr. Th. Skylaki and Rural…
-
Electricity subsidies: The business world rains on the return of subsidies
The commercial world expresses strong complaints because of the government decision which suddenly obliges thousands of companies to return to energy providers subsidies for the consumption of 2022-2023, according to the . Specifically, the HSEE sent a letter to the National Economy and Finance Ministers Mr.K. Hatzidakis, Environment & Energy Mr. Th. Skylaki and Rural…
-
Revocation of the ministerial decision to return subsidies to electricity
The commercial world expresses strong complaints because of the government decision which suddenly obliges thousands of companies to return to energy providers subsidies for the consumption of 2022-2023, according to the . Specifically, the HSEE sent a letter to the National Economy and Finance Ministers Mr.K. Hatzidakis, Environment & Energy Mr. Th. Skylaki and Rural…
-
Short-term leases: On foot for new interventions for more available homes on the market
The financial staff is alert in planning the new interventions on their side, always focusing on tackling the housing crisis and the lack of available homes in the market that boosts rents. Sources of the Ministry of Finance comment that, although these interventions in the short term lease are not expected before autumn, the financial…
-
Short-term leases: On foot for new interventions for more available homes on the market
The financial staff is alert in planning the new interventions on their side, always focusing on tackling the housing crisis and the lack of available homes in the market that boosts rents. Sources of the Ministry of Finance comment that, although these interventions in the short term lease are not expected before autumn, the financial…
-
Short-term leases: On foot for new interventions for more available homes on the market
The financial staff is alert in planning the new interventions on their side, always focusing on tackling the housing crisis and the lack of available homes in the market that boosts rents. Sources of the Ministry of Finance comment that, although these interventions in the short term lease are not expected before autumn, the financial…
-
Bulgaria – Greece agreement on irrigation water for Evros farmers
Following the negotiation by the leadership of the Ministry of Environment and Energy with the , today (11.7.2024) the interim agreement was signed to continue water supply from the Arda River to meet the irrigation needs of the northern region this year. In particular, the 60-year agreement with Bulgaria (as the war compensation of our…
-
Bulgaria – Greece agreement on irrigation water for Evros farmers
Following the negotiation by the leadership of the Ministry of Environment and Energy with the , today (11.7.2024) the interim agreement was signed to continue water supply from the Arda River to meet the irrigation needs of the northern region this year. In particular, the 60-year agreement with Bulgaria (as the war compensation of our…
-
EU: In the lowest places Greece in value added production, construction and industry – Powerful in services and agriculture
The lowest positions of the European Union (EU) are Greece as regards its share and total value added production. In construction, in fact, from all EU countries our country occupies the last position on added value, while in industry it is only 7th place since the end, well below the European average. On the contrary,…
-
Bulgaria – Greece agreement on irrigation water for Evros farmers
Following the negotiation by the leadership of the Ministry of Environment and Energy with the , today (11.7.2024) the interim agreement was signed to continue water supply from the Arda River to meet the irrigation needs of the northern region this year. In particular, the 60-year agreement with Bulgaria (as the war compensation of our…
-
EU: In the lowest places Greece in value added production, construction and industry – Powerful in services and agriculture
The lowest positions of the European Union (EU) are Greece as regards its share and total value added production. In construction, in fact, from all EU countries our country occupies the last position on added value, while in industry it is only 7th place since the end, well below the European average. On the contrary,…
-
EU: In the lowest places Greece in value added production, construction and industry – Powerful in services and agriculture
The lowest positions of the European Union (EU) are Greece as regards its share and total value added production. In construction, in fact, from all EU countries our country occupies the last position on added value, while in industry it is only 7th place since the end, well below the European average. On the contrary,…
-
Superfund: End of the IKO as we knew them, come the “small PPC” to the State
The beginning of the fee for their old form of operation entered the beginning of the consultation process on the Ministry of Finance’s bill for its transformation , which is expected to change permanently “person” to its subsidiaries in the State. As has been pointed out in the recent past and by the head of…
-
Superfund: End of the IKO as we knew them, come the “small PPC” to the State
The beginning of the fee for their old form of operation entered the beginning of the consultation process on the Ministry of Finance’s bill for its transformation , which is expected to change permanently “person” to its subsidiaries in the State. As has been pointed out in the recent past and by the head of…
-
Green light for Small PPC and National Investment Fund – In public consultation bill
The draft law of the Ministry of National Economy and Finance entitled “Restructuring the Hellenic Company of Shares and Property and its subsidiaries” was put into public consultation, which modernizes the operation of the Transfund. With this bill the role of the Hyperfund changes significantly and becomes more developmental. The way its subsidiaries operate becomes…
-
Green light for Small PPC and National Investment Fund – In public consultation bill
The draft law of the Ministry of National Economy and Finance entitled “Restructuring the Hellenic Company of Shares and Property and its subsidiaries” was put into public consultation, which modernizes the operation of the Transfund. With this bill the role of the Hyperfund changes significantly and becomes more developmental. The way its subsidiaries operate becomes…
-
OECD: Credits to Greece for opening the economy to businesses
The OECD explains how attractive and accessible its economy is to the , according to the Report of the Product Market Index (PMR) of the Organisation for Economic Cooperation and Development ( ). The OECD explains that Greece has achieved improvements and how easily businesses enter and develop in its economy, and whether the state…
-
UBS: Greece’s wealth inequality increased by 17% in 15 years
“Yellow card” is issued by Greece with a newer report, as it observes its limited role in its recovery worldwide. The report by UBS, Global Wealth Report, highlights the “butter” recorded in Greece from 2008 to 2023, in terms of average wealth per adult, as it retreated over 30%. In addition, average wealth in Greece…
-
OECD: Credits to Greece for opening up its economy to businesses
The OECD explains how attractive and accessible its economy is to the , according to the Report of the Product Market Index (PMR) of the Organisation for Economic Cooperation and Development ( ). The OECD explains that Greece has achieved improvements and how easily businesses enter and develop in its economy, and whether the state…
-
OECD: Credits to Greece for opening the economy to businesses
The OECD explains how attractive and accessible its economy is to the , according to the Report of the Product Market Index (PMR) of the Organisation for Economic Cooperation and Development ( ). The OECD explains that Greece has achieved improvements and how easily businesses enter and develop in its economy, and whether the state…