Greek daily news

Greek Daily News 06/05/2024

73 views

ECONOMY

-Greece’s economy is seen growing at a rate of 2% this year and 2.5% in 2025 as rising employment and real wages and strong tourism boost consumption, the OECD’s six-monthly report reveals.

-The Greek wholesale electricity market remains one of the most expensive in Europe, with the average price being the fourth highest in the European Union in both 2023 and the first quarter of 2024, Kathimerini reported.

-It is estimated that 3.6 billion euros will flow in from the Recovery Fund this year and an additional 5.1 billion euros in 2025 in subsidies, an amount equivalent to 1.5% of GDP in 2024 and 2% of GDP in 2025, according to the Stability Program.

-In 2023, financing by Greek banks for shipping grew by 12.25%, according to a study by Petrofin Research.

-Greece’s unemployment rate stood at 10.2% in March 2024, down from an downwardly revised 10.8% in February, data from ELSTAT showed.

-Greece is in the 20th place, with an average hourly wage of 12.6 euros, according to figures released by Eurostat. The country remained in the lowest one-third of 26 European states in terms of salaries for 2023.

BUSINESS

-In Greece, only one in five businesses carry out online sales, with the percentage for small businesses being 19.8% and for large businesses 32.6% a survey on the use of digital technologies by households and businesses conducted by Eurostat.

-Aegean Airlines will distribute a dividend for the first time after four years for fiscal 2023, the company said last week.

TOURISM

Two Greek beaches were included in the list of the top 50 beaches globally, according to Banana Boat, a renowned sunscreen brand. Voutoumi, situated on the Ionian island of Antipaxos ranked 5th in the world, while Fteri Beach on Kefalonia took the 29th spot on the list.

Kefalonia, Ionian Islands Greece
Kefalonia, Ionian Islands Greece (Credit: Carl Egger/Pixabay)

GENERAL

The public transportation system in the Greek capital Athens is getting a “green facelift” through the renewal of its fleet of buses, upgrades to the metro line, and even heightened security at metro stations over the next few years, OT.gr reported.