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POLITICS Greece’s ruling New Democracy party has won 40.8% of votes in the Greek general election with almost 97% of ballots counted, a 20-point lead over the left-wing Syriza party of Alexis Tsipras, which had 20.1%, according to official data on Monday. A second round will likely occur in late June or early July. ECONOMY -Electronic transactions increased by 18.1%…
POLITICS Greece faces new national elections as early as 25 June, despite the ruling party securing around 40% of the vote in Sunday’s (May 21) general election. With over 99% of the votes counted, the ruling New Democracy party had 40.79% of the ballots and 146 seats, five short of…
POLITICS Prime Minister Ioannis Sarmas will chair the first full-length meeting of…
POLITICS A Presidential Decree that dissolves the parliament of May 21 and…
ECONOMY -Standard & Poor’s on Friday (Oct. 18) maintained Greece’s BBB- rating (investment grade) and positive outlook without releasing an updated report. It is the only major rating agency that…
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ECONOMY -Greece ranks last in the economic freedom chart among the European Union member-states, a study published by the Center for Liberal Studies (KEFiM) in collaboration with the Canadian Fraser…
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The Commercial Triangle, or Trigono, of Athens, bounded by Stadiou, Mitropoleos, and Athinas streets, including areas such as Monastiraki, Plaka and Psyrri, and the district of Koukaki are the Greek…
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Greek authorities have announced a one-year ban on new short-term rental licences in three central Athens districts, effective from January 1, 2025. In addition to the ban, Greece will raise…
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In H1 2024, property transfers in Greece grew by 20% on an annual basis, despite the constant increase in prices, Kathimerini reported. State revenues from realty transfers stood at €302.49…
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ECONOMY -Greek authorities conducted 9.059 labor inspections on hospitality companies between May and August 2024, issuing 8.11 million euros in fines, Kathimerini reported. -The Overall Turnover Index in Industry (both…
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ECONOMY -Moody’s raised Greece’s credit rating outlook to “Positive” from “Stable” but did not lift the country out of junk status and into investment grade. -JP Morgan reaffirmed its “neutral”…
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ECONOMY -In Q2 2024 the Gross Domestic Product (GDP) in volume terms increased by 1.1% in comparison with the Q1 2024, while in comparison with Q2 2023 it increased by…
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One of the most preferred options for European residency by investment programs, Greece Golden Visa, has been updated. New rules have come into effect as of September 01, 2024. Two…
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ECONOMY -The Greek government is planning to increase Greece’s minimum wage for both public sector and private sector employees between 4.5%-5% as 7 out of 10 private sector employees are…
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