Greek Daily News 07/05/2024

ECONOMY

-Foreign direct investment (FDI) in Greece reached $6.7 billion in 2021-2023, up 62%, according to the latest Organization for Economic Cooperation and Development (OECD) “FDI in Figures” report.

-More than 250,000 POS – cash register connections were implemented by the enterprises, meeting the goal set by the National Economy and Finance Ministry and the Independent Public Revenue Authority (AADE).

-The restoration of Thessaly’s railroad network following extensive damage by the ‘Daniel’ Mediterranean hurricane of September 2023 will cost 463 million euros (including VAT), AMNA reported citing the Infrastructure & Transport Minister.

CAPITAL MARKET

MSCI is expected to announce its index review on Tuesday, May 14, 2024. In the MSCI Greece Standard Index, interest is now focused on ELPE’s share.

BUSINESS

Greek-listed companies along with banks achieved net profits of 10.34 billion euros in 2023, up 12.8% on an annual basis, Naftemporiki reported. For the first time since 2009, the market saw dividends exceeding 3.3 billion euros.

TOURISM

-Greece ranks in the top 10 European destinations that Australians wish to visit this summer, according to research by the European Travel Commission in the overseas markets of European tourism in collaboration with Eurail BV. In 2023 bookings to the Greek capital Athens increased by 369.5%, according to Webjet data Australia’s biggest online travel agency. This year 16% of surveyed Australians are planning a trip to Greece.

-Greece secures stable tourism flows at 30 million arrivals, OT.gr reported. However, despite this year’s bookings projected to rise slightly compared to last year, Yiannis Hatzis, President of the Panhellenic Federation of Hoteliers, stresses the importance of strategic planning.