Greek daily news

Greek Daily News 24/05/2024

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ECONOMY

-Greek fruit and vegetable exports grew by 5.8% in value in the first quarter of this year, according to ELSTAT data processed by the Association of Greek Enterprises for the Export and Distribution of Fruits, Vegetables, and Juices (INCOFRUIT-HELLAS).

-Consumer trends and the food industry will continue to be affected by “long-term” stagflation, Naftemporiki reported. “We should probably… get used to the increased prices” the general manager of IOBE and professor at the Athens Economics University, Nikos Vettas, stated.

-For the total of enterprises in retail trade, the turnover in the first quarter of 2024 amounted to 15.69 billion euro, recording an increase of 3.4% in comparison with the first quarter of 2023, when the respective turnover was 15.17 billion euro and a decrease of 15.9% in comparison with the fourth quarter of 2023, when the respective turnover was 18.67 billion euro, according to data from Greece’s statistical authority (ELSTAT).

(Source: ELSTAT)

CAPITAL MARKET

The Hellenic Capital Market Commission will host in Athens the 49th Annual Meeting of the International Organization of Securities Commissions (IOSCO) from May 26 to 29.

SHIPPING

Greek shipowners hold first place for new orders of ships and for the purchase of secondhand ships from May 2023 to May 2024, Ta Nea reported citing a report by Allied QuantumSea, the research arm of Greece-based Allied Shipbroking. Greek shipowners are also number one in ship sales, according to the Greek daily report.

REAL ESTATE

Demand by Greeks for buying residential property dropped by 4.2% in Q1 2024 on an annual basis, while international interest grew by 11.8%, the latest survey by the Spitogatos.gr, the leading real estate website in Greece, reveals. According to the analysts, investment interest from abroad comes mostly from the UK, Germany and the US and is focused on the center of Athens, the peninsula of Halkidiki and the southern suburbs of the Attica region.