Greek Daily News 05/08/2024

ECONOMY

-A new record of 1,952 out-of-court settlements was recorded in July 2024, in Greece, with the resolved private sector cases corresponding to a nominal value of 518 million euros, according to the finance ministry.

-Alpha Bank’s net profit stood at €322.5 million in H1 2024, up 6.6% on an annual basis and the lender also reported the first dividend to shareholders since 2007. In addition, Alpha Bank regained its investment grade rating from Moody’s after 14 years.

-Increased production this year is expected to lower olive oil prices, the president of the National Interprofessional Olive Oil Organization (EDOE), Manolis Giannoulis, told state-run Athens-Macedonian News Agency.

-The website of the the Farmers Markets of the Region of Attica (foreaslaikon.gov.gr) has been launched, aiming to inform consumers about where a farmers market operates, while farmers, market sellers and citizens can submit requests, complaints and suggestions.

-Stocks plunged 6.27% at Athens Exchange on Monday, tracking weak global markets as fears of a possible U.S. recession and concerns over an escalating Middle East conflict sapped investors’ appetite for risk.

TOURISM

-Athens’ Eleftherios Venizelos International Airport (AIA) served approximately 3.61 million passengers in July, up 9.3% on an annual basis.

-Thirty-nine international hotel chains, independent of tour operators, are currently present in Greece, managing 205 hotels with a total of 29,204 rooms, according to the “Greek Hospitality Industry Performance 2024 Q2” report by GBR Consulting.

SPORTS

Greek gymnast Lefteris Petrounias earned a bronze in men’s rings final in Paris on Sunday (Aug. 4), marking his third consecutive Olympic medal.