Greek daily news

Greek Daily News 21/11/2023

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ECONOMY

-A total of 27% of the Greek population spent more than 40% of their disposable income to cover housing costs, shows the Financial Stability Report. Greece leads Europe in housing costs.

-Travel receipts amounted to 17.91 billion euros in January-September 2023, significantly higher than in 2022 (15.5 billion euros) but also in 2019 (16.1 billion euros), the Bank of Greece data showed.

-Greek employees work many hours and are paid much less than they could be, an Organization for Economic Co-operation and Development (OECD) ranking reveals. Greece is in the 34th place, among the 35 OECD countries with an average salary of 499.60 dollars per week, 36.27 hours of work and 13.77 dollars per hour.

COMPANIES

Deutsche Telekom (Germany) and OTE (Greece) have signed an agreement to sell Romanian mobile phone company subsidiary, Telekom Romania, to Clever Media Network, owner of the Romanian broadcaster, Prima TV, Romanian media reported citing telecommunications market sources.

CAPITAL MARKET

The latest tranche of HelleniQ Energy (formerly Hellenic Petroleum) shares will be listed on the Athens Stock Exchange (ATHEX) by the end of the year, according to reports. The other major prospect is the long-awaited flotation of Athens International Airport (AIA) shares on the same bourse, representing 20 percent of total shares, Oikonomikos Taxydromos reported.

SHIPPING

Greek shipowners are the driving force of the secondary market of bulk carriers this year, Naftemporiki reported. 27.35% of the bulk carriers that changed owners this year ended up with a Greek shipowner.