AGP Executive Report
Last update: 2 hours agoRetail Pulse: Greece’s 2026 summer sales kick off today (July 13) and run to Aug. 31, with expected retail turnover of €7.0–€7.4bn (+2% to +5% y/y) as retailers lean on tourist footfall and strict discount-price rules. Tourism & Transport: Fraport Greece reports June passenger traffic at 5.60m (+4.7%), led by Thessaloniki and Chania, while the hotel sector logged €12.5bn turnover in 2025 (+8.7%), with room rates rising most in August. Shipping Connectivity: The maritime ministry moves to protect Kalymnos’ ferry links via support for ANE Kalymnos and a shift to four-year tenders for unprofitable routes. Healthcare Business: Cosmos Health expands in Greece with a DIABIT-IS X (sitagliptin) commercialization deal through Libytec, aiming for broader access via the national health insurance system. EU Policy & Sanctions: EU foreign ministers failed to agree on the 21st Russia sanctions package, with Greece’s stance on LNG shipment phasing and Austria’s banking demands keeping talks unresolved ahead of the oil price-cap change. Cyprus Trade Politics: Turkish Cypriot leadership rejects the EU’s new Cyprus envoy appointment and presses for faster implementation of direct trade rules.
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