Economics

A major step toward the development of Athens was taken with the recent green light for Project VORIA, a €300 million strategic investment by North Star Entertainment set to reshape Maroussi, in northern Athens. The project represents one of the most significant private investments in Attica in decades and is expected to boost the area's attractiveness for both residents and international...

The redevelopment of Hellinikon, with a budget of 8 billion euros, is the largest private investment in the history of Greece and is expected to be one of the main pillars of the country's development. This project, which includes the creation of a modern urban center, is expected to bring revolutionary changes to the Greek economy, businesses and exports, strengthening the country's competitiveness on the...

The analytical data on travel traffic for the period January-October published by the Bank of Greece show that the estimate of record international arrivals of over 38 million, including cruise passengers, for the whole year for our country will be confirmed. In detail, for the period January-October, incoming travel traffic recorded an increase of 9.2% and reached 33.8 million travelers, compared to...

Greek house prices continue to accelerate, amidst strong demand from foreign homebuyers, growing residential construction activity, and continued economic growth in the country. In Greece's urban areas, house prices soared by 10.76% in Q1 2024 from a year earlier, following year-on-year increases of 12.48% in Q4 2023, 13.05% in Q3, 15.22% in Q2, and 15.91% in Q1, according to figures released by...