The Greek Ministry of Climate Crisis and Civil Protection is actively collaborating with regional authorities to implement state aid for businesses and agricultural operations affected by the severe flooding in September 2023. Recently, over €16.75 million was disbursed to 1,533…
In Greece, overdue electricity debts from consumers who switched providers have reached €1.43 billion, according to the Energy Regulatory Authority. Additionally, the government is expected to submit its fifth recovery fund payment request of €3.1 billion soon, while a new…
Greece is anticipated to achieve a budget surplus of 13.5 billion euros, driven by economic recovery and restored market confidence, according to a report by German newspaper FAZ. While other EU nations face recession, Greece’s budget for 2025 has significantly…
The European Central Bank (ECB) is steadily reducing interest rates, with expectations for lower eventual rates than previously anticipated. ECB President Christine Lagarde confirmed the fourth rate cut of the year, suggesting significant relief for Eurozone borrowers in 2025. Markets…
Greek banks are focusing on increasing their loan portfolios to maintain profitability following recent interest rate cuts by the European Central Bank. A recent investment conference revealed plans for a €10 billion target in new loans by 2025, with projected…
In a recent interview with CNN, Greek Prime Minister Kyriakos Mitsotakis highlighted the potential impact of changes in the American political landscape on existing long-term issues. He emphasized the need for Europe to make strategic decisions regarding defense spending and…
The Dodecanese Chamber is standing by businesses impacted by the recent severe weather conditions, announcing its engagement with local and central authorities to initiate immediate restoration measures and financial support for those affected. Giovanni Pappou, President of the Chamber, expressed…
During his speech at the Greek Investment Conference in London, Prime Minister Kyriakos Mitsotakis highlighted Greece’s economic recovery and investment opportunities, emphasizing the country’s political and economic stability. He addressed the need for collaboration in various fields, including health and…
The Greek government’s economic team projects a three-year corridor leading to record investment levels and further tax reductions, particularly benefiting the middle class. With favorable conditions stemming from a substantial recovery fund program and increased revenue from anti-tax evasion measures,…
Credit rating agency Fitch has reaffirmed Greece’s investment grade rating of BBB- with stable prospects, highlighting the country’s per capita income and governance indicators. The report praises Greece’s sound fiscal policies and significant economic adjustments post-pandemic, with expectations for continued…
Greece has launched a significant training initiative under the Recovery and Resilience Fund, with a budget of €103.7 million aimed at enhancing workforce skills in high-demand sectors. The Public Employment Service (DYPA) will identify targeted training topics based on labor…
