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Tag Archives: hikes

Striking hikes in taxi fares, Union SATA in Athens announced UPDATE

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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“VAT to be reduced in some products,” says one minister, “no way” says another

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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Rapid price increases in Greece’s supermarkets and fuel

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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Prices for fruits and vegetables in Greece up by 200%

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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Greek fuel operators insist on gasoline hikes due to Saudi crisis

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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Government blocks hikes in Attiki Odos toll fees due as of July 1

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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Greece’s power utility PPC records heavy losses, price hikes possible

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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No plans for further rate hikes in electricity, says Energy Minister

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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“Minimum wage hikes within 2018,” says gov’t spokesman

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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