Crypto fraud web unravels in Cyprus
CYPRUS

A well-established international cryptocurrency fraud, dismantled recently, resulted in numerous victims and significant profits for a criminal network.


GNTO promoting Greece in the Arab world
ECONOMY

The Greek National Tourism Organization’s (GNTO) efforts to increase tourism flows from the Arab world to Greece are in full swing, with the GNTO attending the Arabian Travel Market trade show in this context.

ATHEX: Another day, another 13-year high
STOCKS

The benchmark at Athinon Avenue continued its growth on Friday with yet another 13-year record, bolstered by banks and certain other blue chips. However, the trading volume was significantly reduced from Thursday.



Working pensioners double in 2.5 months
ECONOMY

The registration of working pensioners on the special electronic platform of the Single Social Security Entity (EFKA) has exceeded all expectations, already reaching 78,000, and is increasing by the day.



Cypriot GDP seen at 2.9% this year
ECONOMY

Growth in Cyprus will be at 2.9% in 2024, according to the April projections published on the website of the republic’s Ministry of Finance.

Extra €11 bln declared in 2023
TAXATION

Declared incomes increased significantly last year, not only thanks to economic growth but also due to improvements in the tax mechanism.


Skrekas: Inflation at Greek supermarkets near zero
ECONOMY

Development and Competitiveness Minister Kostas Skrekas stated in an interview with Parapolitika radio on Thursday that the inflation rate for food in Greece has eased by approximately 40%, namely from a rate of 8.3% to a rate of 5% at present.

Hotel investors increasingly honing in on Greece
INVESTMENTS

International investment interest in hotel properties in Greece, including the capital, is not only steady, but is actually growing stronger and is expected to drive up the current values of these properties.

Experimental school for training in tourism
ECONOMY

The Joint Ministerial Decision to transform the School of Higher Tourism Education (SAEK) of Macedonia into the first nationwide Experimental School of Higher Vocational Training in Tourism under the supervision of the Ministry of Tourism was signed by Deputy Minister of Tourism Elena Rapti in collaboration with Deputy Minister of Education, Religious Affairs and Sports Ioanna Lytrivi.


Tourism season starts with 80,000 job vacancies
EMPLOYMENT

This year’s tourism season has begun with about 80,000 job vacancies in hotels and restaurants, so while tourism in Greece shows excellent prospects for 2024 according to the first data from summer bookings, there are serious concerns.

Golden Visa dropping a gear
PROPERTY

A small decline has been recorded in new applications for residence permits through the Golden Visa program in the first quarter.


Government official notes hike in salaries
ECONOMY

The minimum monthly salary in Greece stood at 650 euros before the current government came to power and has now increased to €830, Deputy Labor & Social Insurance Minister Vassilis Spanakis noted.