ECONOMY

AADE

Closure of illegal petrol stations in Crete and Kos

The illegal gas stations in Heraklion, Crete, and Kos have been discovered by the Independent Authority for Public Revenue (AADE) customs inspectors, resulting in their two-year closure.

05/07/24 • 16:15

Yannis Stournaras

Greek banks are healthy

Governor of the Bank of Greece since 2014, Yannis Stournaras, discussed the crisis period, the referendum, the nation's current economic state, and his predictions for the future, nine years after the vote in 2015.

05/07/24 • 13:38

Servicers

Historic high in out-of-court settlements in June

As of today, the Ministry of Finance announced that 6.7 billion euros had been paid off as the first debts settled through the out-of-court mechanism through the end of June, bringing the total number of successful settlements to 19,223.

05/07/24 • 13:14

Ursula von der Leyen

Positive response to Mitsotakis' initiative for lower prices on multinationals' products

Ursula von der Leyen, President of the European Commission, has responded in the best possible way to Prime Minister Kyriakos Mitsotakis' intervention to stop unfair practices by multinational corporations that cause similar or identical products to be sold at different prices in EU countries.

05/07/24 • 12:38

ATHENS INTERNATIONAL AIRPORT

Passenger traffic up 12.9% in June

Compared to June 2023, Athens International Airport saw a 12.9% increase in passenger traffic in June 2024, totaling 3.30 million.

05/07/24 • 11:08

President of Eurogroup

The performance of the Greek economy one of the most positive stories in the Eurozone

Europeans praised Kyriakos Mitsotakis for being a Greek "success story" in the Eurozone when he met with Pascal Donahue, the president of the Eurogroup.

05/07/24 • 08:44

Athens Chamber of Commerce and Industry

15.8% increase in new business registrations

Entrepreneurship in Greece continues to grow positively, despite the difficulties of the domestic and international environment, according to the latest data from the General Register of Commerce and Industry (GEMI) for business registrations and deletions at the Athens Chamber of Commerce and Industry (ACCI) during the first half of 2024.

04/07/24 • 17:16

Annual Economist Government Roundtable

Banking integration in the EU for the benefit of all

At the 28th Annual Economist Government Roundtable, a panel discussed the need to expedite the EU's banking integration processes, emphasizing the banking industry's strong position in Europe and Greece.

04/07/24 • 15:13

Research and Development

1.49% of GDP spent in 2022

According to final data released by the National Documentation and Electronic Content Centre (EKT) and submitted to Eurostat, businesses contributed €1,505.49 million (or 49% of the total €3,070.30 million) in 2022 to be spent on research and development (R&D) in Greece.

04/07/24 • 14:36

European Commission

Positive performance of the Greek economy - Huge potential

Declan Costello, Deputy Director General of the Commission's Directorate General for Economic Affairs, reaffirmed the positive narrative for the Greek economy, which has transitioned from a struggle for survival to reforms for its full upgrade.

04/07/24 • 14:03

Bank of Greece

Loan rates and margins fell in May

According to relevant data from the Bank of Greece, interest rates on both new and existing loans decreased in May. This was accompanied by a narrowing of the spread between deposits and loans.

04/07/24 • 13:15

In Brief