The Greek Deal.com
ECONOMY
European Central Bank
Starts cutting rates
The European Central Bank reduced borrowing costs on Thursday from all-time highs, indicating that it was making headway in the fight against excessive inflation, even though the rate of increase was expected to persist until the following year.
Ministry of Finance
Submits its 4th request to the RSF for €1 billion in grants
Today, the European Commission received the fourth request for a €1 billion grant disbursement from the Recovery and Resilience Fund, covering 20 milestones and targets, from Mr. Nikos Papathanasis, Deputy Minister of National Economy and Finance.
ELSTAT
Unemployment rate at 12.1% in the first quarter
An increase of 1.8% in the number of people employed in the first quarter compared to the corresponding quarter of 2023 and a marginal decrease of 0.2% compared to the previous quarter was recorded according to ELSTAT data.
Kyriakos Mitsotakis
Βanks have an obligation to support the real economy
Prime Minister Kyriakos Mitsotakis said during an interview that the banks have an obligation to lend more to the real economy.
Greek Banks
Distributing dividends after 16 years
For the first time in sixteen years, the four systemic banks are distributing dividends, with an estimated €870 million to be distributed overall based on their request.
AADE
Detected tax evasion of €10.5 million by two betting companies
The Independent Public Revenue Authority's targeted audit revealed that a provider of gaming and betting services had been falsely declaring withheld taxes for four years. It did not pay back taxes, totaling €10.4 million.
Bank of Greece
The gap between deposit and loan rates has closed
Based on data from the Bank of Greece, the interest rate on new loans decreased marginally, narrowing the difference with the new deposit rates.
Kyriakos Mitsotakis
€ 3.5 billion for the reconstruction of Thessaly after storms "Daniel" and "Elias"
Prime Minister Kyriakos Mitsotakis said that the total cost of reconstruction in Thessaly after the "Daniel" and "Elias" disasters will exceed 3.5 billion euros.
Hellenic Development Bank
Over 3,000 small and medium-sized enterprises have applied for TEPIX III
In just one week, 3,000 requests were made to the 12 participating commercial banks via the Hellenic Development Bank's (HDB) platform for the first phase of the Entrepreneurship Fund (TEPIX III) procedure.
FTI
Assures hotels customers will be covered by insurance fund
Bankrupt German tour operator FTI on Tuesday sought to assure hotels hosting guests who traveled to Greece with the company and became caught up in its insolvency proceedings would be covered.
Ministry of Finance
80% of the beach auctions completed
According to the new framework recently legislated by the Ministry of Economy and Finance, businesses are registering strong interest—which surpasses initial estimates—in participating in the new electronic auction procedure for the concession of the use of beaches and seashores.