October 12, 2022
Economy, FEATURED
Greece’s Development Ministry published a list of 50 proposed basic goods for the so-called “household shopping basket” for which supermarkets are expected to contain price hikes or scale back future increases. The list follows up on a meeting between Development & Investments Minister Adonis Georgiadis and representatives of supermarket chains …
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August 21, 2022
Economy, FEATURED
Massive hikes reaching up to 65% in electricity prices were announced by the power suppliers in Greece, laye on Saturday. The announced nominal electricity tariffs are for September and are expected to put households and businesses budgets on fire in a country where citizens are struggling with a 11.5-12% inflation. …
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June 17, 2022
Economy, FEATURED
Striking hikes in taxi fares are underway, due to the explosive increase in fuel prices, the Taxi Union SATA announced on Friday, following a meeting with the leadership of the Transport Ministry. Τhe Union had sent a memorandum to the Ministry complaining that “taxi drivers are suffocating due to the …
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January 12, 2022
Economy
Development and Investment Minister Adonis Georgiadis left open the possibility of reducing the Value Added Tax on a series of products to contain price increases. Speaking to Mega TV on Tuesday, Georgiadis said that the government is considering reducing the VAT on certain products, adding that this is a measure …
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December 30, 2021
Economy, FEATURED
The price for take away coffee and food as well as the highway toll fees will rise in Greece from 1. January 2022 just because the government decided to impose a “green levy” on plastic containers and lids and its contracts with highway managing companies provide toll fee increases. Take …
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December 21, 2021
Economy
“Bitter” coffee in Greece from 1. January 2022 as prices will go up due to a levy the government raises for the benefit of the environment. The price hikes are between 4 and 10 cents for plastic and papers cups and other utensils whether for single use or multiple uses. …
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December 14, 2021
Economy
The Greek government plans an additional package of measures to help households and enterprises deal with the wage of price increases, Finance Minister Christos Staikouras said on Tuesday. Speaking to Skai TV, Staikouras said “we are planning a grid of interventions for the total and concise help to households and …
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September 4, 2021
Economy, FEATURED
Price hikes with shocking 50% increase on electricity bills as from September and 15%-20% up in several essential goods are threaten to push one in three Greek household into impoverishment. The government signals that it will take measures to contain the problem through a series of intervention in a market …
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June 9, 2021
Economy, FEATURED
Deputy Finance Minister Theodoros Skylakakis urged property owners to raise rents to meet the higher demands on taxes that result from the hikes in the real estate objective values. The unprecedented advise comes as salaries remain low and with the new labor law workers will receive day-off for overtime work …
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June 8, 2021
Economy
Greece’s Finance Ministry announced the new property zone rates on Monday in an effort to adjust the so-called objective values with the commercial values and have millions of real estate owners be taxed for their properties accordingly. The new property zones, 13,808 in total, are overhauled across the entire country …
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June 3, 2021
Economy
Prices on supermarket shelves and fuel are rising rapidly during the pandemic and basic products will be even more expensive in the near future. Prices are expected to increase further in the next period due to the rise not only of raw materials internationally but also the price of transportation …
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April 10, 2020
Economy
The pandemic has skyrocketed prices for fruits and vegetables in Greece and the hikes reach sometimes up to 200 percent. According to data from the Athens Central Market (OKAA), from Thursday, April 2, to Tuesday, April 7, wholesale prices increased by 50% in tomatoes (from 0.50 to 0.75 euros per …
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September 18, 2019
Economy
Oil prices remained stable on Tuesday, despite increases in world market and refinery prices. According to the Greek Development Ministry, the average price of unleaded petrol was at 1.592 euros per liter, compared with 1.589 euros on Monday. However, petrol stations in Thessaloniki announced price increases in fuel as of …
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September 16, 2019
Economy
The attack on the Saudi Arabia oil fields of Aramco have skyrocketed oil prices on Monday. Greek fuel traders warn of sharp increases in the price of fuel in the next days. A possible domino could bring also increases in the food prices. “Gasoline prices could increase in the next …
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August 29, 2019
Economy
The new leadership of Greece’s Public Power Company (PPC/DEH) has revealed a rescue plant worth 500 million euros in order to rescue the loss-making electricity utility. The plan includes rate hikes and cuts in the bonus discounts. Guess who will rescue the PPC. The Greek people, of course. The proposal …
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June 27, 2019
Economy
The outgoing Greek government issued a legislative order essentially forbidding a planned increase in the toll fees in the greater Athens area’s sole tollway Attiki Odos. The government order followed a a recommendation by Transportation Minister Christos Spirtzis. The government cited what it called “defense of public interests and the …
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April 25, 2019
Economy
Public Power Corporation (PPC), Greece’s main electricity utility, has recorded heavy losses last year and its own auditor warned about the firm’s sustainability. Experts say painful decisions may be required, including rate hikes and asset sales. PPC recorded after tax losses of 542 million euros (607 million U.S. dollars), according …
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July 16, 2018
Economy
Public Power Corporation (PPC) stands to gain roughly 300 million euros from the measures for a special renewable energy sources account. This will create significant room in terms of pricing policy and put an end to any discussion of rate hikes for electricity, Environment and Energy Minister George Stathakis said …
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July 9, 2018
Economy
Greece’s government spokesman Dimitris Tzanakopoulos said that the coalition government plans wage hikes as part of a series of measures to counter the impact of austerity after Greece exits its third bailout in August. He appeared confident that the minimum wage will increase within 2018. “Preparations for the day after …
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June 29, 2018
Economy, Greece
Prime Minister, Alexis Tsipras, announced on Friday afternoon the suspension of hikes on Value Added Tax on the five islands hit by the refugee crisis. Stressing that he discussed the issue with European Commission President, Jean-Claude Juncker during his recent visit to Athens, Tsipras said that he received the green …
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