AGP Executive Report
Last update: 9 hours agoEnergy Costs: Greece’s wholesale electricity price surged to €247.82/MWh, its highest since 2023, as rising gas prices threaten to lift winter bills for households and businesses. Public Finances: The Bank of Greece reported a €2.5 billion primary budget surplus for January–September. Tax Competitiveness: Greece ranked fifth in the OECD for personal taxes but 23rd overall, with high VAT and property taxes weighing on its score. Research Investment: Prime Minister Kyriakos Mitsotakis inaugurated a new research building at Demokritos, linking investment in knowledge and computing power to Greece’s ambitions in artificial intelligence. Hotels and Shipping: Vassilicos House of Hospitality has invested more than €10 million in Patras’ renovated Mercure Astir, while Capital Tankers secured $930 million in financing for 11 new crude carriers. Euroseas also fixed a feeder ship at more than double its previous daily rate and agreed to sell its sister vessel for $26 million.
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