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High

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ATHEX: Seven-month high for local stock index

ATHEX: Seven-month high for local stock index The benchmark of the Greek stock market soared to a new seven-month high on Thursday as a late rally with selective moves and the quite satisfactory trading volume despite the US holiday gave Athinon Avenue the springboard for more gains in what is about to prove one of […]

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High uptake of ‘household basket’ app

High uptake of ‘household basket’ app Hundreds of thousands of consumers have downloaded the app for the “household basket” and are using the relevant website e-katanalotis.gov.gr, the company tasked with developing the relevant software and training supermarkets in its use said on Thursday. “We are extremely proud of the acceptance of the ‘household basket’ measure […]

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FinMin: Greek economy showing high resilience

FinMin: Greek economy showing high resilience Greece is growing strongly in 2022 amid difficult circumstances, demonstrating higher resilience than the European average, Finance Minister Christos Staikouras said on Tuesday in the context of the 5th Athens Investment Forum, titled “Sustainable Development and Digital Transformation,” held at the Athens Concert Hall and co-organized by the Technical […]

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English Edition

Inflation in Greece Eases as it Hits Record High 10.6% in the Eurozone

Inflation in Greece Eases as it Hits Record High 10.6% in the Eurozone Greece’s inflation in October fell below the Eurozone average. Public Domain Inflation in the Eurozone areas hit a record high of 10.6% in October, up from 9.9% in September, according to the data released by Eurostat on Thursday. A year earlier, the […]

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English Edition

Risks of high rates for banks

Risks of high rates for banks The increase in interest rates and the deterioration of liquidity conditions for local banks create unfavorable conditions for Greek households and businesses to repay their debts and for accessing new financing, according to the Bank of Greece, which warned lenders to prepare for an eventual rise in bad loans. […]

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English Edition

High stakes in US midterms

High stakes in US midterms “Whoever voted Biden owes me gas money,” say millions of posters and stickers on the back windows of massive semi-trucks across the United States, expressing the mounting frustration at the hike in fuel prices. This is, after all, why the American president’s advisers have for months been asking him to […]

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Lifestyle

LACMA Art + Film Gala: Oι high fashion εμφανίσεις της λαμπερής βραδιάς

LACMA Art + Film Gala: Oι high fashion εμφανίσεις της λαμπερής βραδιάς Τρίτη 08 Νοεμβρίου 2022, 12:20 Με μεγάλη επιτυχία πραγματοποιήθηκε το Σάββατο 5 Νοεμβρίου στο Μουσείο Τέχνης του Λος Άντζελες (LACMA), το 11ο LACMA Art + Film Gala. Υποστηρικτής του gala ο οίκος Gucci, ο οποίος στηρίζει τις πρωτοβουλίες του μουσείου να ενισχύσει καλλιτέχνες […]

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English Edition

ATHEX: Stock index hits new 3-month high

ATHEX: Stock index hits new 3-month high The Greek stock market built further on the major rise of last Friday, to see its benchmark climb to a new three-month high on Monday. The positive outlook for the economy and certain key businesses, with growth in Greece expected to outperform the eurozone next year too, is […]

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English Edition

Authorities on alert as storm Eva approaches

Authorities on alert as storm Eva approaches Authorities across the country are on high alert ahead of the impending arrival of the Eva bad weather front on Saturday, which is expected to last for at least 48 hours. On Friday evening, residents of the northern Ionian Islands and Epirus received an emergency 112 alert, warning […]

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English Edition

ATHEX: Benchmark closes at 10-week high

ATHEX: Benchmark closes at 10-week high The Greek bourse capped another week of growth with a remarkable Friday session that saw the benchmark grow by more than 2% on the day to climb close to 880 points, driven partly by the very positive market feedback on banks’ performance over the third quarter of the year. […]

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English Edition

Yearly inflation in Turkey rises to new 24-year high of 85%

Yearly inflation in Turkey rises to new 24-year high of 85% Annual inflation in Turkey continued to rise in October, official figures showed Thursday, pushing the price of essential goods higher and amplifying a cost-of-living crisis in the country. Consumer prices rose to 85.51% in October from a year earlier, and by 3.54% from the […]

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English Edition

High temperatures for the current season recorded in Greece

High temperatures for the current season recorded in Greece High temperatures for the season were recorded on Thursday in Greece. The thermometer showed 28-29 degrees on the Celsius scale in many parts of the country. Specifically, the Athens National Observatory’s meteo service network of automated weather stations recorded the highest temperatures in Sparti (29.1C), Megalopoli […]

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English Edition

UNHCR, IMO call for more cooperation to prevent migrant deaths at sea

UNHCR, IMO call for more cooperation to prevent migrant deaths at sea The UN High Commission for Refugees (UNHCR) and the International Organization for Migration (IOM) issued a joint statement on Thursday expressing their “deep sorrow” at the deaths of more than 20 migrants and asylum seekers in two wrecks in the Aegean Sea over […]

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English Edition

Greek real estate in high demand by European and international investors

Greek real estate in high demand by European and international investors The real estate market in Greece is at the center of European and global investment interest, according to participants in the annual Prodexpo conference in Athens that took place on October 24 and 25. Despite global challenges, the real estate market is showing exceptional […]

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English Edition

Cyprus bank deposits rise to 9-year high

Cyprus bank deposits rise to 9-year high Deposits in the Cypriot banking system climbed to a nine-year high last month, while total loans continued their downward path, declining to a five-month low, boosting liquidity in the system to over 23 billion euros. According to the Monetary Financial Institutions Deposits and Loans Statistics issued by the […]

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English Edition

ATHEX: Benchmark fails to hold 2-month high

ATHEX: Benchmark fails to hold 2-month high The Greek stock market benchmark index came off its two-month high registered at Monday’s close during a stint of profit taking on Tuesday. Most European markets seemed to lack any particular direction amid uncertainty regarding the future policy of the European Central Bank and the US Fed. The […]

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English Edition

Road deaths still high, despite drop

Road deaths still high, despite drop Although Greece has seen a decline in road traffic fatalities over the last decade, they remain high. Indicatively, deaths rose to 349 between January and July this year from 325 in the corresponding period of 2021, an increase of nearly 7%.  According to the European Commission’s official figures on […]

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English Edition

High occupancy for the long weekend of October 28

High occupancy for the long weekend of October 28 Greece’s highland destinations report reservation levels on a par with three years ago, and in some cases even higher, for the national holiday weekend of October 28. They hover at around 90%-95% a week ahead of the holiday, while the most popular accommodations report waiting lists […]

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English Edition

ATHEX: Benchmark climbs to a 7-week high

ATHEX: Benchmark climbs to a 7-week high The Greek stock market extended its upward trajectory on Tuesday, with banks playing the leading role this time after largely sitting out Monday’s growth spurt. The UK economic policy reversal appeased international market and released some forces eager for profits, which the Athens market can certainly provide given […]

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English Edition

ATHEX: Stocks index reaches a 5-week high

ATHEX: Stocks index reaches a 5-week high The benchmark of the stock market in Athens spent all day in the black and climbed to a new five-week high on Monday, mostly thanks to the growth reported from foreign markets at the start of the week. However, trading activity remained low, which dampened most of the […]

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English Edition

ATHEX: Benchmark closes at three-week high

ATHEX: Benchmark closes at three-week high The remarkable turnaround in Thursday’s session on Wall Street was reflected on Friday at the Greek stock market, whose benchmark moved up to a three-week high. Banks and certain other heavyweight blue chips boosted prices, even if the lower capitalizations appeared unable to keep up with them. The Athens […]

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English Edition

Budget’s investment target seen too high

Budget’s investment target seen too high The Greek government has pinned a large part of its hopes for sustained growth next year on investments, according to its draft budget, though its optimism for an annual increase by 16% compared to 2022 is not shared by foreign firms’ analysts Kathimerini has spoken with. As they point […]

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English Edition

Greek inflation rises to 12% y/y in September, near three-decade high

Greek inflation rises to 12% y/y in September, near three-decade high Greece’s annual consumer inflation accelerated to 12.0% in September from 11.4% in the previous month, remaining at its highest level in nearly three decades, data showed on Monday. Surging costs for energy, housing, transportation and food were the main factors underpinning the figures, statistics […]

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English Edition

Iliopoulos: The government is choosing austerity and high prices

Iliopoulos: The government is choosing austerity and high prices “The Mitsotakis government is working for the profiteering power suppliers in energy, the private clinics in health and the SEV [employers’ federation] in labour,” Iliopoulos said. “The dilemma for Greek society once again is between austerity and anti-austerity. The Mitsotakis government chooses austerity,” main opposition SYRIZA-Progressive […]

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English Edition

Teenagers keep vaping despite crackdowns on e-cigarettes

Teenagers keep vaping despite crackdowns on e-cigarettes High school students resumed taking the annual National Youth Tobacco Survey in school this year and 14% of them reported using e-cigarettes, underscoring how an upstart industry is dodging regulators’ efforts to spare a generation from nicotine addiction. The number shows a slight change from 11% last year, […]

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English Edition

Greek economy can prevail without a new exit to markets

Greek economy can prevail without a new exit to markets Yields of 5% and high borrowing costs have made the thought of a new exit to the markets alarming and changed the plans of the Public Debt Management Agency (P.D.M.A.) for new debt issuance. Concerns center not so much on high yields but on market […]

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English Edition

Concern over death rates among injecting drug users

Concern over death rates among injecting drug users A worryingly high mortality rate among intravenous drug users, which far exceeds the corresponding data from Western countries, has been recorded in recent years in Greece, according to a study presented at a conference in Athens this week on the prevention, diagnosis and treatment of AIDS, hepatitis […]

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English Edition

Tourism’s all-time July high

Tourism’s all-time July high Greece had the highest travel receipts ever for the month of July this year. According to data from the Bank of Greece, receipts in July 2022 amounted to 3.723 billion euros, marginally increased by 0.56% from July 2019, a month that held the previous record with receipts of €3.702 billion. However, […]

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English Edition

High summer back for the weekend

High summer back for the weekend It’s a great time for hitting the beach again as meteorologists forecast temperatures rising into the high 30s across Greece over the next four days. The National Observatory’s Meteo weather service on Thursday reported that daytime highs on Friday and Saturday will reach and perhaps even exceed 38 degrees […]

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English Edition

Greek-US relations at an all-time high

Greek-US relations at an all-time high Development and Investments Minister Adonis Georgiadis, US Ambassador to Greece George Tsunis and Texan Envipco Hellas Group CEO Panagiotis Mourgos referred to the further strengthening of Greek-American relations during the Economist’s 2nd Thessaloniki Metropolitan Summit on Friday, while underlining that relations between the two countries are today at their […]

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