Greek Daily News – 24/03/23

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Greek daily news

POLITICS

Greek President Katerina Sakellaropoulou has appointed judge Ioannis Sarmas as the caretaker prime minister to form a government that will lead the country to a repeat election on June 25 after last weekend’s inconclusive vote.

ECONOMY

-National Bank’s (NBG) organic after-tax profit stood at 228 million euros in the first quarter of 2023 while attributable after-tax profit totaled 260 million in the same period.

-Greece should wind down energy support measures by end of 2023, the European Commission’s Semester report says, given that energy rates have fallen. In the event that new support is needed, it should be directed only to the financially challenged, according to the guidelines of the EU’s executive arm.

-Cash is the top preference payment method for 21% of people aged 18-24, and for 18% of people aged 25-34, while in the 55-64 age bracket this drops to 16% and to 13% over the age of 65, according to research by Focus Bari.

BUSINESS

-The first Mandarin Oriental hotel in Athens will be built on the coastal front of the Hellinikon project, Lamda Development announced. The agreement was inked by Belt Riviera SA with the Hong Kong hotel investment and management group.

-Hospitality enterprises’ turnover increased by 28.6% in the first quarter of 2023, totaling €375.26 million y-o-y, the Hellenic Statistical Authority (ELSTAT) said. The biggest increase in the turnover of the first quarter 2023 compared to the first quarter of 2022 was recorded in the Regional Unit Thessaloniki (70.9%) and the smallest increase (6.9%) was recorded in the Regional Unit Kos.