Greek Daily News 22/07/2024

ECONOMY

-The Greek state will auction off 26-Week T-Bills on Wednesday (July 24) in book entry form, with the aim raise 500 million euros, Greece’s Public Debt Management Agency (PDMA) announced. The notes will mature on Jan. 24, 2025. A settlement date is July 26, 2024.

-The Hellenic Competition Commission announced inquiry into Greek bank’s deposit interest rates “with a view to identifying possible distortions and to submitting proposals to promote competition in the market, to the benefit of depositors (households and businesses).”

-Full-meal restaurants (restaurants, steakhouses, fish taverns, taverns, ouzo bars, beer bars, snack bars, traditional coffee shops, and pizzerias) will be obliged to use a Fiscal Electronic Mechanism (FIMAS) or restaurant cash register or fiscal printers (ADIME) to issue receipts as of August 1.

-The Greek electrical and electronic goods sector recorded a total turnover of 1.107 billion euros in the first five months of 2024, down 11% in value and 5% in pieces on an annual basis, according to GFK data.

-Four regional ports (Lavrio, Rafina, Kavala and Corfu) that are part of the Hellenic Republic Asset Development Fund (HRADF) portfolio secured 10-million-euro funds from the European Commission’s Connecting Europe Facility (CEF) program for the development of cold ironing infrastructure and the preparation of related studies, Naftemporiki reported.

REAL ESTATE

The trajectory of house sale prices in Attica is expected to remain steadily on the rise throughout the second half of the year, Kathimerini reported citing market executives. Meanwhile, the number of empty lots across Greece – properties without buildings – not declared to the national property registry is about 3.3 million, or 22% of the total. Similarly, undeclared built properties (including flats in apartment buildings) exceed 147,000, Kathimerini said in a separate report.

GENERAL

Very high temperatures will continue across Greece on Monday while gradual drop is expected from Tuesday (July 23) according to the Hellenic National Meteorological Service.

CULTURE

The Castle of Ioannina, the fortified old town of Ioannina in Epirus, northwestern Greece, will be upgraded to a Culture Park. The 1.2 million euros project involves accessibility improvements and will be funded by the EU Recovery and Resilience Facility.

TOURISM

-Greece has comparative advantages that can make it a protagonist in the field of diving tourism, Deputy Minister of Tourism Elena Rapti told Athens-Macedonian News Agency on Sunday (July 21).

-Airlines have scheduled over 5.1 million seats for Greece in July, up 7.8% on an annual basis, according to INSETE’s Air Data Tracker.