Greek daily news

Greek Daily News 30/01/2024

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ECONOMY

-The Greek state is expected to tap the market with the issue of a new 10-year bond. The Public Debt Management Agency (PDMA) has mandated six banks (Alpha Bank, Barclays, Citi, Commerzbank, Nomura and Societe Generale) to proceed with the issuance, according to an Athens Stock Exchange announcement on Monday.

-Greece ranks 13th on European minimum wage list with a minimum wage at 910 euros, according to Bloomberg’s latest ranking of minimum wages among 27 EU countries.

REAL ESTATE

Revenue from the short-term rental industry in Greece stood at 2.4 billion euros in 2023, AirDNA data showed. The average price per night was €193, almost unchanged from 2022. AirDNA sources its data from Airbnb and Vrbo.

TOURISM

-The new president of the Hellenic Hoteliers Federation, Yiannis Hatzis, told Naftemporiki that he is optimistic about the prospects for tourism development in the coming years and he believe that with targeted and properly planned actions, this can and should concern all regions and all tourist products of the country.

-Travelers from Germany, France, Italy, the UK, and the USA, contributed a total of €8.9 billion for 2023 to the Greek tourism industry, according to an analysis by INSETE, the Institute of the Greek Tourism Confederation (SETE).