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English Edition

InvestGR Forum is shifting to September

InvestGR Forum is shifting to September The InvestGR Forum is reinventing itself as of next year, with its sixth version scheduled for September 2023, instead of July, and spreading across two days to accommodate more views and information for its ever-expanding audience amid a massive increase in investments in Greece. The 6th InvestGR Forum will […]

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English Edition

More income tax statements delayed than last year

More income tax statements delayed than last year An additional 50,000 initial tax declarations and thousands of amended ones have been submitted since the day the curtain fell and the Taxis online system closed for income tax statements at end-August. The submission of overdue amending statements is accompanied by the imposition of fines of 100, […]

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English Edition

Cyprus tourism takings soar in year to July

Cyprus tourism takings soar in year to July Revenue from tourism in Cyprus reached 1.217 billion euros in the period of January-July 2022, more than doubling the revenue in the respective period of last year. Increased revenue was thanks to the recovery of tourist arrivals, despite the loss of Russian tourists (Cyprus’ second largest market), […]

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English Edition

Heavy toll on businesses during 2020

Heavy toll on businesses during 2020 The cost of the first year of the coronavirus pandemic was heavy in terms of the turnover of the largest sectors of economic activity, but also employment, especially salaried labor, as stems from the comparison of the data from the Hellenic Statistical Authority (ELSTAT) in 2019 and 2020. Some […]

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English Edition

Cypriot growth to reach 5.5% this year

Cypriot growth to reach 5.5% this year Cyprus’ economy is forecast to grow by 5.5% in 2022 on better-than-expected tourism arrivals, although the outlook is tempered by energy market turbulence which will sap demand later in the year, the island’s Central Bank said on Thursday. Updated projections of economic output were 2.8 basis points higher […]

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Economy

Το Volkswagen ID. Buzz Cargo αναδείχθηκε «International Van of the Year 2023»

Το Volkswagen ID. Buzz Cargo αναδείχθηκε «International Van of the Year 2023» Περισσότερες από 13.700 παραγγελίες για το ID. Buzz, εκ των οποίων οι μισές για την έκδοση Cargo. Το υψηλού κύρους βραβείο του χώρου του επαγγελματικού οχήματος «International Van Of The Year 2023» (IVOTY) απονεμήθηκε στο ID Buzz Cargo. Ο Carsten Intra, Διευθύνων Σύμβουλος […]

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English Edition

Contractors’ discount is in free fall this year

Contractors’ discount is in free fall this year The average discount given by contractors who discounted public works of at least 2 million euros fell below the 30% limit, as in the year’s first half it amounted to 29.7%, according to the data collected by the Panhellenic Association of Construction Companies. In the first half […]

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English Edition

Drisbioti in running for European Athlete of the Year title

Drisbioti in running for European Athlete of the Year title Antigoni Drisbioti, who won two gold medals in the 2022 European Championships recently, is among the ten nominees for the title of women’s European Athlete of the Year awarded by the European Athletic Association. The men’s and women’s European Athletes of the Year and Rising […]

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English Edition

NEW JOB: COOKING INSTRUCTOR

NEW JOB: COOKING INSTRUCTOR Every year, City Contact meets the needs of 4,3 million travelers, gives 50.000 Athens visitors a unique experience touring the city, and provides 1,8 million tourism executives and professionals with accurate and reliable news. Our 25 years of professional experience enable us to equally value life and work and see them […]

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English Edition

Some 10% of school buses checked cited for violations

Some 10% of school buses checked cited for violations As the new academic year was ushered in by Greek public schools on Monday with the customary blessing ceremony, police hit the streets looking for violations on school buses and raising safety awareness among pupils and parents.  According to a Hellenic Police (ELAS) press release, officers […]

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English Edition

Archeologists Find 1.8 Million Year Old Human Tooth in Georgia

Archeologists Find 1.8 Million Year Old Human Tooth in Georgia Archeologists Find 1.8 Million Year Old Human Tooth in Georgia Credit: Archaeological Cultures Magazine/Facebook An early human species’ tooth from about 1.8 million years ago has been discovered by archeologists in Georgia. The discovery, according to researchers, solidifies the area’s status as the site of […]

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English Edition

Greek tourism revenues to reach €20 bln this year

Greek tourism revenues to reach €20 bln this year Tourism in Greece is on track to yield record high revenues this year, exceeding pre-pandemic levels, according to local officials, industry experts and analysts. “2022 has been an amazing year for Greek tourism… I’m very happy to say that both branded and alternative destinations, on both […]

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English Edition

Costa Navarino: Increased revenue and new investments

Costa Navarino: Increased revenue and new investments This year, so far, the Costa Navarino tourist complex is running with revenues at 30% above 2019, not counting the extra rooms added in August this year with the new hotel unit, confirming the very good course of Greek tourism this year. More than 80% of the visitors […]

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English Edition

Working hard on the budget parameters

Working hard on the budget parameters Next year must see a major fiscal adjustment, as 2022’s 2% primary deficit must become a primary surplus of 1%. In practice, this means 6 billion euros. That adjustment should also accommodate the cost of power subsidies that must drop from the current €500 million per month, the cost […]

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English Edition

EU now far less dependent on Russian gas

EU now far less dependent on Russian gas In the past year, the European Union has vastly reduced its dependence on Russian natural gas, replacing it mostly with liquefied natural gas (LNG), research shows. The research, led by Piraeus University Associate Professor Yannis Maniatis, a former Environment and Energy Minister and socialist MP, shows that […]

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English Edition

Leaving room in Greece for everyone

Leaving room in Greece for everyone Labor Day, this year September 5, marks the “official” end of summer in the USA. Time for schools to start, for people to start thinking about the coming autumn and winter (always cold and snowy in Minnesota) and to look back at summer with nostalgia or regret. Summer 2022 […]

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English Edition

Greek olive oil producers must keep eye on the competition

Greek olive oil producers must keep eye on the competition Greece is looking at a good year for olive oil, though experts warn producers need to take a closer look at the competition beyond traditional rivals Italy and Spain, but also at the market. According to olive oil quality consultant Vasilis Fratzolas, “just 2.3% of […]

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English Edition

113 Million Year Old Dinosaur Footprints Found in Arid Texas River

113 Million Year Old Dinosaur Footprints Found in Arid Texas River Credit: Dinosaur Valley State Park Dinosaur footprints more than 113 million years old have been found in a Texas river whose waters are receding due to severe summer drought. A video and pictures of the enormous prints in the mucky Paluxy River riverbed were […]

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English Edition

As Ukraine war drags on, Europe’s economy succumbs to crisis

As Ukraine war drags on, Europe’s economy succumbs to crisis It was meant to be Europe’s stellar year. A post-pandemic spending euphoria, supported by copious government spending was set to drive the economy and help fatigued households regain a sense of normality after two dreadful years. But all that changed on February 24 with Russia’s […]

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English Edition

Greek Dep. Minister: Local startup ecosystem attracted one billion USD in capital last year

Greek Dep. Minister: Local startup ecosystem attracted one billion USD in capital last year Greece’s startups ecosystem last year attracted capital of roughly one billion USD, and continues to show signs of maturity, Deputy Development and Investments Minister Yannis Tsakiris stated on Thursday, on his social media accounts. Tsakiris also stressed that local startups show […]

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English Edition

College Year in Athens celebrates 60 years

College Year in Athens celebrates 60 years Remembering the centenary of the Asia Minor Campaign, let us not only look at what we lost, but what the refugees offered to Greece. Each in their own way. Like the industrious Smyrniot Ismini Phylactopoulou, who crossed to Chios in a small boat to escape the flames engulfing […]

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English Edition

Revenue better than expected

Revenue better than expected Tax revenues in the first seven months of the year were €5.1 billion more than initially estimated, the Ministry of Finance announced Tuesday. This is not a net gain, as some of the extra revenue had been budgeted for other time periods. Also, some of the extra revenue has already been […]

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English Edition

Gift shop revenues soar

Gift shop revenues soar The good tourist season this year is reflected in the revenue from the sales of the shops at Greece’s major archaeological sites, which compete with – and sometimes exceed – those of 2019. The most popular items bringing in the most money appear to be small, budget-friendly mementos, such as refrigerator […]

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English Edition

Solving the subsidy puzzle

Solving the subsidy puzzle The government is considering two sets of handouts: one for the rest of the year, which will be dealt with through the supplementary budget, and one for 2023, which also happens to be an election year. The trouble is that the spending list keeps growing. And if the government claims that […]

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English Edition

Greek Tourism Minister: This year sector proved that is Greece’s heavy industry

Greek Tourism Minister: This year sector proved that is Greece’s heavy industry “This year tourism proved that is Greece’s “heavy industry” and can not only support the national economy but also offer substantial support in very difficult conditions” Tourism Minister Vassilis Kikilias stated among others in an interview with Athens-Macedonian News Agency on Sunday, ANA […]

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English Edition

Tourism Min Kikilias: This year tourism proved that is Greece’s heavy industry

Tourism Min Kikilias: This year tourism proved that is Greece’s heavy industry “This year tourism proved that is Greece’s “heavy industry” and can not only support the national economy but also offer a substantial support in very difficult conditions” Tourism Minister Vassilis Kikilias stated among others in an interview with Athens-Macedonian News Agency on Sunday. […]

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English Edition

Police reap lower cannabis harvest this year than last

Police reap lower cannabis harvest this year than last Despite the recent seizures and uprooting of cannabis seedlings, the seizures so far this year of the Hellenic Police (ELAS) and other drug enforcement agencies have been particularly low compared to last year. This is the conclusion drawn from the available statistics that Kathimerini has seen. […]

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Economy

Schneider Electric: Βραβεύτηκε με τη διάκριση «Energy Efficient Solution of the Year»

Schneider Electric: Βραβεύτηκε με τη διάκριση «Energy Efficient Solution of the Year» Η Schneider Electric αναγνωρίστηκε στη διοργάνωση Energy Mastering Awards 2022 με το βραβείο «Energy Efficient Solution of the Year». Τα ελληνικά Energy Mastering Awards 2022 αναγνωρίζουν τις βέλτιστες πρακτικές για την υπεύθυνη χρήση της ενέργειας στη μετάβασηπρος ένα πιο βιώσιμο ενεργειακά μέλλον. Οι νικητές επιλέγονται […]

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English Edition

Editorial Ta Nea: President Katerina Sakellaropoulou’s message

Editorial Ta Nea: President Katerina Sakellaropoulou’s message Anniversaries are celebrated or marked every year. That repetition, however, does not in the least diminish the importance of the event of which they remind us. It has been 48 years since Greece’s post-regime change democracy [following the collapse of the seven-year military junta] was established, but preserving […]

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English Edition

Mid-season sales to be abolished, replaced by special offers throughout the year

Mid-season sales to be abolished, replaced by special offers throughout the year Mid-season sales are to be abolished, according to a draft law submitted by the Development and Investments to Parliament, while stores can offer special discounts throughout the year on more than 50 pct of the items they have on sale. The following periods […]

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