The rating agency Fitch has upgraded Greek banks, citing improved credit profiles, strong profitability, and reduced non-performing exposures (NPEs), while also forecasting Greece’s continued economic outperformance compared to the Eurozone
Average inflation in the eurozone settled at 2.2%, compared to 2.3% in February. The high prices in Greece highlight the ongoing cost-of-living pressures in the country.
According to AP, the 7.7-magnitude tremor has claimed the lives of at least 144 people in Myanmar and 10 in Thailand. As of now, no Greek citizens have been reported among the casualties or injured.
The announcement follows the European Commission’s release this week of a list of 47 strategic projects, including initiatives in Greece, aimed at enhancing the EU’s supply of materials vital for its energy transition and security. Gallium is among the key minerals highlighted in the plan.
German tourists led the pack in numbers, flocking to Greece’s sunlit shores and historic sites. American visitors proved the biggest spenders, pouring €40.9 million into the economy—€5.4 million more than their German counterparts. The strong showing from these key markets underscores Greece’s enduring appeal as a top global destination.
Prime Minister Kyriakos Mitsotakis announced that Greece’s minimum wage will increase to 880 euros starting on April 1, 2025.
However, in point of fact, the country now shines on the map of destinations for any avid golfer – amateur or professional. Last year alone, Golf Inc. awarded another clubhouse at Costa Navarino, while World Golf Awards gave the destination the prestigious title “World’s Best Emerging Golf Destination” and declared its International Olympic Academy Golf Course the “World’s Best New Golf Course.”
The environment and energy ministry spoke of "another important development that strengthens the country's efforts to utilise its national energy resources and competitive advantages, for the benefit of all citizens."
According to the central bank, a goods deficit widened, “reflecting a larger rise in imports than in exports. At current prices, exports increased by 1.8% (2.4% at constant prices) and imports by 4.8% (4.1% at constant prices). Specifically, non-oil goods exports at current prices grew by 6.3% (7.0% at constant prices) and the corresponding imports increased by 9.2% (8.3% at constant prices).”
The new gross monthly minimum wage is expected to rise by 5% to 6%, reaching approximately €880, in a country where almost half of employees make less than €1,000 per month.
This step was part of a broader effort by Greece and Turkey to improve ties after years of disputes, following a roadmap established during that time.
Job vacancies, as defined by Eurostat, include positions that must be filled immediately or within a maximum of three months
In recent years, there has been a notable shift among residential property developers toward the holiday home market in Crete.
The Greek national team takes on Scotland tonight at the Karaiskakis Stadium, which will be packed with fans, in the first leg of their battle for promotion to League A of the Nations League
The agreements were quickly pushed onto the agenda of the Turkish Parliament, in contrast to the usual lengthy approval processes for similar military agreements. Ankara views them as part of a broader strategy to enhance defense cooperation and address regional security threats.
Greece earned a flawless 10 in “Electoral Process and Pluralism,” underscoring the robustness of its electoral framework. However, its score plummeted to 6.79 in government functioning, pointing to deficiencies in transparency, accountability, and administrative efficiency.
While the plan signals Greece’s commitment to military modernization, critics might question whether such heavy spending prioritizes defense over social needs, especially post-austerity, and how it might escalate tensions with Turkey rather than foster dialogue.
The country ranks among the top ten globally for projected net inflows of millionaires in 2024, securing the eighth position. The UAE tops the list, followed by the United States.
The Public Debt Management Agency (PDMA) gave a mandate to Barclays, BNP Paribas, Commerzbank, Eurobank, JP Morgan and Piraeus Bank to proceed with the re-opening of the existing bonds maturing on July 18, 2038 with a coupon of 4.375% and those maturing on June 15, 2053 with a coupon of 4.125%.
Greek Foreign Minister George Gerapetritis will host his Cypriot counterpart, Constantinos Kombos, and Israeli Foreign Minister Gideon Sa’ar in discussions set to begin at 13:30 local time
The article makes specific reference to the pivotal role that Greece and Cyprus will play as a “link” connecting these remote regions to the European Union through a “maritime corridor.”
