The Greek Deal.com
ECONOMY
Tourism
Explosion of arrivals and receipts in the first quarter
Data on travel receipts from the Bank of Greece, which rose by 28.2% from January to March 2024 and by 34.2% from March of last year, supports estimates of a new record year for Greek tourism.
EURELECTRIC
Doubling investment in electricity distribution is needed
Eurelectric's 'Grids for Speed' research, which was presented today at the 'Power Summit 2024' in Athens, indicates that in order to enable mass electrification, the EU will need to increase from an average of €33 billion to €67 billion per year between 2025 and 2050.
EU Commission
Welcomes letter from Mitsotakis urging action on multinationals
Prime Minister Kyriakos Mitsotakis' letter challenging territorial supply constraints (TSCs) has been welcomed by the European Commission "as a contribution to the overall reflection on the future of the single market."
HRADF
The tender for the iconic HELEXPO Redevelopment Project begins
The renowned project to rehabilitate the TIF exhibition center in Thessaloniki's historic center is about to embark on an international open tender.
Giorgos Pitsilis (AADE)
Digitization at the service of citizens and the public interest
Head of Independent Public Revenue Authority of Greece, Mr. Giorgos Pitsilis participated in the meeting of the FTA Bureau (Forum of Tax Administrations) of the OECD last week in Paris.
ELSTAT
Business turnover up 1.5% in the first quarter
Comparing the first quarter of 2024 to the first quarter of 2023, turnover increased by 1.5% to reach 100.81 billion euros from 99.27 billion euros.
Bank of Greece
Current account deficit widened to €4.2 billion in Q1
The current account deficit was €2.7 billion as of March 2024, up €296.8 million from the previous year.
INFLATION
Bill passes parliamentary committee
Based on votes from the ruling New Democracy (ND), a bill protecting consumers from high prices passed its first reading at committee level on Monday.
PUBLIC DEBT
Reduced in Q1 2024
Greece's public debt increased from €406.5 billion at the end of the previous year to €405.5 billion in the first quarter of this year.
AADE
Completes Major Overhaul of Attica Tax Services
Today, May 20, the Independent Authority for Public Revenue (AADE) declared that the restructuring of Greece's tax services in the Attica region was finished.
ELSTAT
Monthly industrial turnover up 4.9% in March - Down 6% year-on-year
Greek industrial turnover in March was much higher than in February, but on an annual basis it was much lower, primarily because of the mining sector's sharp decline.