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 …
Read More »
Electricity up to 65% as Greece’s suppliers announce Sept tariffs
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. …
Read More »
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 …
Read More »
“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 …
Read More »
Because it’s Greece: Price hikes in take away coffee & food, toll fees from Jan 1
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 …
Read More »
“Bitter” coffee in Greece as special levy to be charged on 1.1.2022
“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. …
Read More »
Gov’t plans additional measures package against price hikes, says FinMin
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 …
Read More »
Price hikes shock Greeks: +50% on electricity bills, 15%-20% on essential goods
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 …
Read More »
Deputy Finance Minister urges property owners to increase rents due to value hikes
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 …
Read More »
Greece overhauls properties “objective values” with hikes reaching up to 250%
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 …
Read More »
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 …
Read More »
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 …
Read More »
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 …
Read More »
Greece’s Gasoline Fed warns of prices increases due to Persian Gulf crisis
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 …
Read More »
PPC €500-million rescue package includes price hikes as of Sept 1
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 …
Read More »
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 …
Read More »
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 …
Read More »
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 …
Read More »
“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 …
Read More »
UPD Tsipras announces suspension of VAT hikes on islands hit by Refugee Crisis
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 …
Read More »