Annual exports to reach €70 billion by 2030

Greek exports have risen by 46% since 2019, reaching €47 billion from €32 billion, Deputy Prime Minister Kostis Hatzidakis said on Tuesday. He added that they have more than doubled compared with pre-crisis levels in both volume and as a share of GDP. Source link

Local lenders continue to converge with European peers

Local lenders continue to converge with their European peers after restoring their capital positions and emerging among the most profitable lenders in Europe, supported by stronger performance than the eurozone average and a marked improvement in return on equity (RoE), according to a recent report by the European Central Bank. Source link

Aktor, Motor Oil in talks for LNG terminal

Aktor Group is in talks with Motor Oil Group, among others, to participate in the development of a floating liquefied natural gas (LNG) regasification terminal, according to a filing to the Euronext Athens Stock Exchange on Monday. Source link

Finance minister calls for greater IRIS visibility

Finance Minister Kyriakos Pierrakakis said there is a need for greater visibility of the IRIS payment system at the point of sale, better public awareness, stronger incentives for merchants, and reward mechanisms from banks and acquirers. Source link

Cyprus gas fields up for development

The gas found in Cyprus’ exclusive economic zone is no longer just an exploration success; it is now considered commercially viable. Source link

Teacher secondment cuts spark backlash

A sharp reduction in the number of teachers seconded to public bodies is drawing strong criticism from universities and cultural institutions, which warn of staffing shortages and operational strain ahead of the new academic year. Source link