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ECONOMY
Greece’s overall economic risk is evaluated at 4.7 out of 10, according to Oxford Economics’ Economic and Political Risk Evaluator (EPRE) which forecasts economic and geopolitical risks in 164 countries. According to the findings, Greece ranks 63rd. The report also points to a persistent challenge in the form of commercial credit risk, which remains high (8 out of 10), ranking Greece 104th internationally.
BUSINESS
-Piraeus Port Authority SA (PPA) announced key changes in its leadership structure following decisions made by its board of directors.
-Athens International Airport witnessed 16.2% EBITDA increase and 16.5% passenger growth in the first quarter of 2024.
-Greek carrier SKY express has strengthened its fleet by 17% and maintains the privilege of having the newest fleet in Greece with an average age of 1.6 years for the ATR 72-600 type aircraft and 3.1 years for Airbusneo, the airline’s management said in a company announcement.
-International hospitality company Hilton announced that it will expand its resort portfolio in Europe, with 10 hotels, totalling more than 1,500 guest rooms. Three of these hotels are in Greece (two on Crete and one in Agioi Theodoroi, Corinthia, Peloponnese).
GENERAL
Mass transportation is largely expected to be affected by the labor strike called by the General Confederation of Employees of Greece (GSEE) on Wednesday (May 1), while Athens city buses and trolleys unions announced they would hold work stoppages. The Pan-Hellenic Seamen’s Federation (PNO) also announced that it will hold a 24-hour strike in all ship categories.
