Greek Daily News – 16/06/23

TOURISM

-Over the last 30 days, three- and four-star mostly family-owned hotels have been listed in property classifieds online and are being sold off to the best bidders as owners are unable to cope with rising costs, found a report released by E- Real Estates Panhellenic Network of Real Estate.

-The cost-of-living crisis is forcing Greeks to cut their holiday spending by 15% a study by the Hellenic Retail Business Association (SELPE) in collaboration with ELTRUN, E-Business Research Center of the Athens University of Economics and Business (AUEB) reveals.

ECONOMY

-Τax revenue in Greece totaled EUR5.151 bn in May, up 9.3% from targets, a report by the Finance ministry showed.

-Greece’s unemployment rate stood at 11.8% of the workforce in the first quarter of 2023, from 13.8% in the corresponding period in 2022, the Hellenic Statistical Authority (ELSTAT) data showed.

CAPITAL MARKET

The Athens Stock Exchange closed at new 9-year highs on Friday, approaching 1,280 points. On a weekly basis it advanced 1.26%