ECONOMY

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

Yannis Stournaras

Two more interest rate cuts reasonable this year

Yannis Stournaras, a member of the ECB Governing Council, believes that two more interest rate cuts this year are appropriate, and recent data on inflation and economic expansion support the need for further ones.

04/07/24 • 12:24

Independent Power Transmission Operator

Great Sea Interconnector under threat

The project will be discontinued if the Cyprus Energy Regulatory Authority's ruling regarding the Great Sea Interconnector—which would connect electricity to Greece—is not overturned, IPTO Chairman and CEO Manos Manousakis stated.

04/07/24 • 08:58

Kostis Hatzidakis

Greece's positions in the debate on the new EU Cohesion Policy

Strengthening competitiveness, managing migration, and addressing demographics are the three axes on which European cohesion policy should focus after 2027, Minister of Economy and Finance Kostis Hatzidakis said at a special event on "NSRF 2014-2020: a strong development footprint for all" organised by the General Secretariat for Public Investment and NSRF.

04/07/24 • 08:37

AADE

8 out of 10 taxpayers do not pay extra tax

The process of automatic finalization of the pre-completed declarations is completed and the relevant statements were issued, as informed by the AADE in a statement.

03/07/24 • 19:36

Ministry of Finance

Stamp Duty abolished on more than 600 transactions

The Ministry of Economy and Finance has taken a legislative initiative with the removal of the stamp duty for more than 600 transactions and the substitution of a digital transaction fee for those that will still be valid.

03/07/24 • 15:45

Ministry of Digital Governance

Agreement with Open Cosmos for 7 Greek Earth observation satellites

Greece plans to purchase seven satellites for earth observation by 2026 as part of the "National Microsatellite Programme."

03/07/24 • 09:56

Nikos Papathanasis

Greece in the top three in the EU for NSRF actions

According to Nikos Papathanasis, Greece completed the NSRF 2014–2020 by completely using the funding, and it is one of the three member states that is fully absorbing the funds of the new NSRF 2021–2027.

02/07/24 • 16:54

Foundation for Economic & Industrial Research

Economic sentiment in Greece weakened marginally in June

The relevant index decreased slightly from 111.0 points in May to 110.6 points in June, reflecting a slight weakening of the economic environment, according to IOBE's economic sentiment surveys.

02/07/24 • 13:51

In Brief