Greek daily news

Greek Daily News 16/10/2023

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ECONOMY

-Greek growth for 2023 is estimated at 2.3% according to Deutsche Bank. The banking giant forecasts GDP growth at 1.6% in 2024 amid a difficult European environment characterized by feeble growth in Germany, the Eurozone’s biggest economy.

POLITICS

Voting took place in the country’s regions and municipalities where no single party candidate – or coalition of candidates – managed to surpass the required 43% threshold of votes. Athens and Thessaloniki, the country’s two largest municipalities, voted to change mayors during Sunday’s runoff local government elections. In Athens, incumbent Kostas Bakoyannis (44.04%) lost to Haris Doukas (55.96%), with 100% of votes counted. In Thessaloniki, Stelios Angeloudis led with 67,33% against the incumbent Konstantinos Zervas (32.67%), and 100% of votes counted.

REAL ESTATE

Home ownership rate in Greece decreased to 72.8%, down three percentage points compared to 2013, the latest Eurostat data showed.

TRAVEL

-Greece’s cruise sector is expected to experience only a temporary boost following the Hamas attack on Israel, Union of Cruise Ship Owners and Associated Members (EEKFN) president Giorgos Koubenas and the group’s honorary president, Theodoros Kontes told Oikonomikos Taxydromos. Cancellation of cruises to the Mideast country are shifting voyage itineraries to certain Greek isles for the remainder of the season.

-Greek hotels achieved occupancy rates this summer that in many cases exceeded 90%, according to data from the field research regularly carried out by the Institute of Tourism Research and Forecasting (ITEP) of the Hellenic Chamber of Hotels.