Business
Business
Greek Wines Command Higher Prices in World Export Markets
Greek wines are steadily commanding higher prices in overseas markets, underscoring the increasingly premium quality of the country’s vintages and helping to support the overall value of Greek exports.
Last year, the price of Greek wine increased between 3.6 percent...
Business
Fastest Improving Business Environment Globally Is in Greece, Report Says
Greece has climbed 28 spots to the top of a list of 10 countries making the fastest progress in improving business environment, according to an Economist Intelligence Unit (EIU) report released on Wednesday.
Plowing ahead of Argentina and India, which...
Business
Greece Mulls Restriction on Airbnb Lettings Through Golden Visa Program
Greece is considering restricting Airbnb-type rental for properties that will be acquired through the Golden Visa program to tackle the severe shortage of properties for long-term rental in Athens and elsewhere.
Although the final decisions have not yet been taken,...
Business
What Is Rhodium, More Than Two Times the Price of Gold?
The most precious and expensive metal in the world is not gold but a rare and hard metal called rhodium, a name derived from the Greek 'rhodon,' meaning rose-colored.
The value of rhodium is far higher than the price of...
Business
20% of Alcoholic Beverages in Greece are Illegal or Adulterated
One in five alcoholic beverages consumed in Greece is adulterated and contraband, which is twice the world average, the Association of Alcoholic Beverage Companies (ENEAP) said on Wednesday.
Adulterated alcoholic beverages are legal alcoholic products that have been illicitly tampered...
Business
Scarce Metals Germanium and Gallium Confirmed in Greece
The existence of deposits of scarce metals germanium and gallium in Greece was confirmed by exploration company Rockfire Resources last summer after its drill at Molaoi in the Peloponnese.
The London-listed metal exploration company says that the discovered high-grade germanium...
Business
Bitcoin Rally: Token Hits New Record High of $71,000
Bitcoin prices hit a new record high of above $71,000 in early trading on Monday continuing its stunning rally in 2024. It later dropped to just above $65,000. Since January Bitcoin prices have rallied more than 67 percent.
The jump...
Business
Greece’s Eurobank Eyes Presence in India
Greece's Eurobank is looking to establish a presence in India and is in the process of consulting with advisors and the Reserve Bank of India to open a representative office in Mumbai, the Economic Times reports.
With 80.5 billion euros...
Business
Jeff Bezos Topples Elon Musk to Reclaim Title of World’s Richest Man
Jeff Bezos has dethroned Elon Musk to reclaim his title as the world’s richest man.
The Amazon founder’s net worth currently stands at $200 billion, topping the Tesla chief’s $198 billion, the Bloomberg Billionaires Index showed on Tuesday.
Bezos has gained...
Business
Greece Sells Entire Stake in Piraeus Bank
Greece announced on Monday that it is selling its entire 27 percent stake in Piraeus Bank. The announcement was met with strong demand by investors.
The Hellenic Financial Stability Fund (HFSF)—a bank recapitalization tool established at the start of Greece’s...
Business
Google Parent Company, Alphabet, Loses $90B Amid AI Controversy
Alphabet, Google's parent company, lost around ninety billion dollars in market value this week as the controversy surrounding the Silicon Valley company's generative artificial intelligence (AI) product reached Wall Street.
Shares of Alphabet fell 4.5 percent to 138.75 dollars yesterday...
Business
Mitsotakis Touts Greece as Attractive Investment Destination for India
Prime Minister Kyriakos Mitsotakis highlighted the investment opportunities now offered by Greece to India during a speech in Mumbai on Thursday.
Addressing the Greek-Indian business forum held on the last of his two-day visit to India, Mitsotakis assured Indian businesspersons...
Business
Billionaires Invest in Anti-Aging to Live Longer Than Other Humans
Billionaires such as Jeff Bezos and Mark Zuckerberg are investing in anti-aging technologies and could soon utilize their fortunes to lengthen their lives and live far longer than any human previously had.
Scientists reckon that impressive advances in anti-aging research...
Business
Greece’s First FinTech Unicorn Viva Wallet Sues JPMorgan
The founder and chief executive of Greek financial technology company Viva Wallet has launched legal proceedings against JPMorgan, the US bank that co-owns the company, over tactics to limit its growth, according to legal documents revealed on Thursday by...
Business
Calamos Investments Launches Alternative Nasdaq & Bond ETF
Calamos Investments rolled out an actively managed exchange-traded fund (ETF) on Tuesday that combines options-based exposure across Nasdaq-100 stocks, coupled with diversified fixed-income holdings.
The Calamos Alternative Nasdaq & Bond ETF (CANQ), which essentially seeks to deliver risk-managed equity exposure...