Paros hotels struggle for quality upgrade amid costs and Airbnb
Paros hotels face challenges upgrading quality amid rising costs and short-term rental competition, says hotel association president Mania Abatzi.
Economy
Tax return countdown begins – What to check in pre-filled forms
Greece’s tax return season begins with pre-filled forms. Learn what taxpayers must check to avoid costly errors and maximize discounts up to 4%.
Greece inflation slows to 2.5% in January, consumer prices drop 0.8%
Greek inflation eased to 2.5% in January while consumer prices fell 0.8% monthly. Food costs surged with beef up 25.4%, but energy prices dropped significantly.
Greek economy shifts toward export and industrial model
Greece’s economy shows strong export growth at 7.8% annually, challenging the “coffee shop economy” stereotype with manufacturing gains and improved competitiveness.
Grilled Thursday dining costs €25-35 per person with house wine
Restaurant occupancy hits 100% on Greece’s Grilled Thursday as taverns charge €25-35 per person with house wine, boosting the hospitality sector significantly.
EU imposes new tariffs on Temu and Shein packages: Up to €3 per parcel
EU introduces new tariffs on Chinese e-commerce platforms Temu and Shein, imposing charges up to €3 per package starting July 2024 to combat unfair competition.
Greece property auctions surge: Tax debt forces sale of warehouses, apartments, plots from €7,000 to €3.5 million
Greece’s tax authority launches massive property auction program with over 40 properties from €7,000 to €3.5 million as overdue debts exceed €112.5 billion.
Hotel sales revolution: How algorithms boost online bookings and revenue
Revolutionary algorithms are transforming hotel sales, with properties seeing 25-30% revenue increases through data-driven booking strategies and AI-powered pricing.
From UBS to Bezos: Ed Ruscha’s record returns make him art market gold
Ed Ruscha’s artwork has become a hot investment asset, with major players like Jeff Bezos and UBS driving record-breaking auction prices and impressive returns.
“Save-Business” Program: Application Deadline Extended to February 13
Greece extends energy efficiency program deadline to February 13, offering businesses funding for energy upgrades and carbon reduction projects.
Greek 10-year bond yield drops to 3.34% in oversubscribed auction
Greek 10-year government bond yield falls to 3.34% in heavily oversubscribed auction, raising €300 million with bids totaling €785 million.
AKTOR Group and Suez International strategic partnership
AKTOR Group partners with global water leader Suez International to tackle Greece’s growing water crisis as the country ranks 19th globally for scarcity risk.