Tag #Greek Economy

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kathimerini.gr

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Aug 14, 10:17

Greece Imposes Strict GEMH Fines Starting 2026

Starting January 1, 2026, Greek businesses face fines up to €100,000 for GEMH non-compliance; a joint ministerial decision details penalties, with a 50% discount for timely compliance; AADE will collect fines.

Greece Imposes Strict GEMH Fines Starting 2026

Starting January 1, 2026, Greek businesses face fines up to €100,000 for GEMH non-compliance; a joint ministerial decision details penalties, with a 50% discount for timely compliance; AADE will collect fines.

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Decent Work and Economic Growth

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What are the key penalties for Greek businesses that fail to comply with GEMH obligations starting in 2026?

Starting January 1st, 2026, Greek businesses failing to meet General Commercial Registry (GEMH) obligations face fines from €100 to €100,000. A public joint decision outlines penalties for various infractions, with a 50% discount for compliance within 30 days of notification. The fines will be collected by AADE, with 70% going to state funds and the rest to chambers of commerce.

kathimerini.gr

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Aug 7, 10:16

Greek Household Income Nears 2010 Levels Despite Inflation

Greek household gross disposable income reached "37.1 billion euros in Q1 2025, a 0.7% year-on-year increase driven by higher employment and wages, despite inflation eroding real income growth since 2022.

Greek Household Income Nears 2010 Levels Despite Inflation

Greek household gross disposable income reached "37.1 billion euros in Q1 2025, a 0.7% year-on-year increase driven by higher employment and wages, despite inflation eroding real income growth since 2022.

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No Poverty

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How do nominal versus real income growth rates reflect the impact of inflation on household finances?".

Despite nominal increases, real household disposable income growth lags due to high inflation. The recovery is driven by increased employment and wages, but the impact is limited by lingering effects of the 2010 economic crisis and high prices.

kathimerini.gr

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Jul 31, 13:17

Euronext Acquires ATHEX for €412.8M, Boosting Greek Market Integration

Euronext launched a voluntary public offer to acquire ATHEX, the operator of the Greek stock exchange, for €7.14 per share, a 27% premium, with ATHEX's board unanimously supporting the deal to integrate into Euronext's pan-European platform, creating synergies and boosting Greece's international mar...

Euronext Acquires ATHEX for €412.8M, Boosting Greek Market Integration

Euronext launched a voluntary public offer to acquire ATHEX, the operator of the Greek stock exchange, for €7.14 per share, a 27% premium, with ATHEX's board unanimously supporting the deal to integrate into Euronext's pan-European platform, creating synergies and boosting Greece's international mar...

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How will Euronext's acquisition of ATHEX affect the liquidity and trading infrastructure of the Hellenic Exchange?

The Euronext offer aims to integrate ATHEX into its pan-European model, creating a unified trading platform and reducing fragmentation across European financial markets. This is expected to improve access to funding for Greek businesses and strengthen the resilience of the local capital market.

kathimerini.gr

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Jul 26, 10:09

Greece Exceeds First-Half Budget Target by €717 Million

Greece exceeded its first-half 2024 budget target by €717 million due to increased tax revenues, primarily from income taxes, despite lower-than-expected public investment spending; however, further surpluses are needed to meet the revised 3.2% of GDP target.

Greece Exceeds First-Half Budget Target by €717 Million

Greece exceeded its first-half 2024 budget target by €717 million due to increased tax revenues, primarily from income taxes, despite lower-than-expected public investment spending; however, further surpluses are needed to meet the revised 3.2% of GDP target.

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Reduced Inequality

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How did the timing of tax payments and public investment spending contribute to the overall budget performance?

The exceeding tax revenue is largely due to earlier-than-expected tax filings, resulting in a €717 million surplus. This surpasses the initial target, although additional measures totaling €1.1 billion are needed to reach the revised 3.2% of GDP target. Despite lower-than-expected public investment spending, the overall positive fiscal result suggests strong revenue collection.

kathimerini.gr

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Jul 25, 10:18

Greek Economy Shows Growth Despite Persistent Structural Imbalances

The Hellenic Fiscal Council's Spring Report highlights persistent structural imbalances in the Greek economy, including large current account deficits, low productivity, and high public debt, despite projected 2.3% GDP growth in 2024; it emphasizes the need for productivity-enhancing policies and fi...

Greek Economy Shows Growth Despite Persistent Structural Imbalances

The Hellenic Fiscal Council's Spring Report highlights persistent structural imbalances in the Greek economy, including large current account deficits, low productivity, and high public debt, despite projected 2.3% GDP growth in 2024; it emphasizes the need for productivity-enhancing policies and fi...

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How do the report's findings on productivity, wages, and public debt relate to broader European economic trends and challenges?

While Greece's GDP surpasses 2019 levels, economic activity lags pre-crisis levels. The report highlights that labor productivity is only 55% of the Eurozone average, emphasizing the need for productivity-enhancing policies such as investment in education, technology, and infrastructure. These structural challenges, including high public debt and unemployment, necessitate sustained fiscal discipline and address aging population issues.

kathimerini.gr

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Jul 23, 10:16

Premia Properties Completes €40 Million Capital Increase, Secures Prominent Investors

Premia Properties AEAAP concluded a €40 million capital increase, attracting €11.3 million in investments from Georgios Daskalakis, Giannis Antetokounmpo, and the Sklavenitis family, increasing its free float above 20% and fueling a €100-120 million investment program including a €64 million Canary ...

Premia Properties Completes €40 Million Capital Increase, Secures Prominent Investors

Premia Properties AEAAP concluded a €40 million capital increase, attracting €11.3 million in investments from Georgios Daskalakis, Giannis Antetokounmpo, and the Sklavenitis family, increasing its free float above 20% and fueling a €100-120 million investment program including a €64 million Canary ...

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How will the acquisition of the Canary Islands hotel impact Premia Properties' financial performance and long-term strategy?

The capital increase reflects strong investor interest in Premia Properties, driven by its expanding real estate portfolio (over €530 million, projected to exceed €650 million in 12-18 months) and strategic partnerships, such as with NLTG. The €11.3 million investment from strategic partners represents 7.5% of the post-increase capital. Premia's expansion strategy includes a new €64 million hotel acquisition in the Canary Islands, further diversifying its portfolio and strengthening its partnerships.

kathimerini.gr

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Aug 7, 13:20

Coca-Cola HBC and Jumbo Report Strong Q2 Results; Paros Hotel Project Halted

Coca-Cola HBC's Q2 results showed a 9.9% organic revenue increase, driven by energy drinks (30% growth), while Jumbo's July sales rose 9%, demonstrating resilience in a challenging retail environment; a €3 million hotel expansion project in Paros was canceled.

Coca-Cola HBC and Jumbo Report Strong Q2 Results; Paros Hotel Project Halted

Coca-Cola HBC's Q2 results showed a 9.9% organic revenue increase, driven by energy drinks (30% growth), while Jumbo's July sales rose 9%, demonstrating resilience in a challenging retail environment; a €3 million hotel expansion project in Paros was canceled.

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What are the key financial performances of Coca-Cola HBC and Jumbo, and what factors contribute to their respective successes?

Coca-Cola HBC's organic revenue increased by 9.9%, with a 30% surge in energy drink sales, resulting in an 11.8% EBIT and nearly 26% EPS rise. Jumbo, despite challenging retail conditions, achieved an 8% increase in sales year-to-date, showcasing its robust performance across various markets.

kathimerini.gr

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Aug 4, 10:17

Fewer Athenians Vacationing This Summer Due to Economic Crisis

Amidst Greece's economic crisis and inflation, fewer Athenians are leaving the city for summer vacations, impacting businesses and altering typical summer patterns, as confirmed by Eurostat data and surveys.

Fewer Athenians Vacationing This Summer Due to Economic Crisis

Amidst Greece's economic crisis and inflation, fewer Athenians are leaving the city for summer vacations, impacting businesses and altering typical summer patterns, as confirmed by Eurostat data and surveys.

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Reduced Inequality

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What is the impact of the ongoing economic crisis and inflation on the typical summer exodus from Athens?

This July, Athens is unusually bustling, not just with tourists but also with residents who, due to economic constraints, are forgoing traditional summer vacations. Many Athenians are working longer hours, and those who can only afford short trips to their villages. This is impacting local businesses, as the usual summer exodus has been significantly reduced.

kathimerini.gr

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Jul 31, 13:17

GEK TERNA Projected for Significant Growth, Reaching €3.2 Billion Valuation

Piraeus Securities projects GEK TERNA's 2025 turnover at €3.5 billion and EBITDA at €605 million, rising to €2.4 billion and €612 million respectively in 2026, driven by concessions and a Motor Oil partnership; a sum-of-the-parts valuation estimates the group's worth at €3.2 billion.

GEK TERNA Projected for Significant Growth, Reaching €3.2 Billion Valuation

Piraeus Securities projects GEK TERNA's 2025 turnover at €3.5 billion and EBITDA at €605 million, rising to €2.4 billion and €612 million respectively in 2026, driven by concessions and a Motor Oil partnership; a sum-of-the-parts valuation estimates the group's worth at €3.2 billion.

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What are the key financial projections for GEK TERNA in the coming years, and what are the main drivers of this growth?

GEK TERNA group is projected to achieve a turnover of €3.5 billion and EBITDA of €605 million in 2025, with net profits of €136 million, according to Piraeus Securities analysis. For 2026, following a recent energy agreement with Motor Oil, turnover is expected at €2.4 billion, EBITDA at €612 million, and net profits at €195 million.

kathimerini.gr

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Jul 26, 13:12

Competition Commission Blocks BC Partners' Acquisition of DELTA Vocational Schools

Greece's Competition Commission blocked BC Partners' acquisition of DELTA vocational schools, rejecting proposed remedies despite BC Partners' Alphabet Education already owning AKMI and a large stake in Metropolitan College; this marks only the second merger block in the commission's 30-year history...

Competition Commission Blocks BC Partners' Acquisition of DELTA Vocational Schools

Greece's Competition Commission blocked BC Partners' acquisition of DELTA vocational schools, rejecting proposed remedies despite BC Partners' Alphabet Education already owning AKMI and a large stake in Metropolitan College; this marks only the second merger block in the commission's 30-year history...

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Quality Education

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What broader implications might this decision have for future mergers and acquisitions in the Greek education sector and beyond?

This landmark decision may signal a shift in the Greek Competition Commission's approach to mergers and acquisitions, particularly involving large investors in education. Future mergers, especially in sectors with limited competition, will likely face stricter scrutiny. The rejected merger involved significant players in the vocational training market, DELTA and AKMI, both known for their strong brands and extensive advertising.

kathimerini.gr

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Jul 25, 10:18

Former FIX Industrialist Invests in Greek Tourism

Elias Grekis, a former FIX industrialist, is investing in Greek tourism through DiAR Development, a company with €5 million in assets but €353,978 in 2024 losses, indicating a long-term strategy with €3.75 million in debt.

Former FIX Industrialist Invests in Greek Tourism

Elias Grekis, a former FIX industrialist, is investing in Greek tourism through DiAR Development, a company with €5 million in assets but €353,978 in 2024 losses, indicating a long-term strategy with €3.75 million in debt.

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What are the risks and potential long-term outcomes associated with DiAR's investment strategy?

DiAR's substantial debt (€3.75 million) indicates a high-risk, high-reward approach, relying on future revenue streams from its tourism projects to offset its current losses.

kathimerini.gr

🌐 75% Global Worthiness

Jul 22, 10:12

High-End Tourism and Tech Investments Fuel Greece's Economic Growth

Greece's tourism sector is experiencing significant growth, attracting substantial investments in high-end projects, including a new mega-yacht hub in Astakos, while companies are expanding their operations in Athens, showcasing economic progress and diversification.

High-End Tourism and Tech Investments Fuel Greece's Economic Growth

Greece's tourism sector is experiencing significant growth, attracting substantial investments in high-end projects, including a new mega-yacht hub in Astakos, while companies are expanding their operations in Athens, showcasing economic progress and diversification.

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Industry, Innovation, and Infrastructure

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What are the most significant economic impacts of the growth of high-end tourism in Greece?

Greece's tourism sector is booming, attracting high-end investments in Athens. The Astakos region is set to become a mega-yacht destination, while companies like Triumph and Stilmet are expanding their operations.

Showing 25 to 36 of 153 results