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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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 …
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Toll fees on several parts of Greece’s highways increased as of 8. Jan 2018
Toll fees for several highways in Greece have been increased as of 8. January 2018. Prices have risen in several places in Korinthos -Trikala, Kalamata-Athens, Athens-Lamia, the Antirio-Ioannina on the Ιonian Highway. The prices are increased from 5 eurocents to 30 eurocents per category and distance. For cars with 5 …
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Greek government new austerity package freezes pensions and collective bargain hikes
In a Bill for Fishing, Greek labor ministry quietly tabled two amendments that among others freeze future pension hikes as wells as hikes in collective bargains. The two amendments are part of a 5-amendment package of austerity measures to please the creditors. The package is the rest of prior actions, …
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Fuel and heating oil prices skyrocket after Special Consumption Fee
Fuel and heating oil got …fire after the special consumption fee was imposed on 1. January 2017. Unleaded gasoline reached a record price especially on the Greek islands that were not exempted from the Value Added Tax hikes. The price for heating oil was increased by 20 cents. Unleaded gasoline …
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New Hikes Tsunami to strike Greeks – And nobody asks, where the people will find the money
Summer is over. Not because the schools started today. But because the lenders’ representatives are flocking to Athens in order to audit the progress of the austerity measures. The Greek program Review is expected to commence in October and end up with success so that the €2.8billion bailout tranche will …
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UPD Greece Warning! Extreme “Indirect Taxes” Conditions at a speed of 1.8bn euro!
A package with indirect taxes and special consumption taxes and fees worth 1.8 billion euro is expected to be submitted to the Parliament on Tuesday or Wednesday and be voted before the Eurogroup meeting on May 24th. The package can only be compared with an everything-sweeping hurricane, tsunami and volcano …
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V.A.T. to rise from 23% to 24% and make Greeks’ daily life “unaffordable”
As if it was not enough that supermarket prices get higher each and every week, now new Value Added Tax hikes will skyrocket thousands of products – food items not excluded – and services making daily life even more expensive. According to a proposal made by the Greek government to …
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The Greek Nightmare: Death by social contributions hikes for self-employed & free-lancers
I thought it was a bad joke or some kind of anti-government propaganda when I read the news yesterday: that self-employed and free-lancers will face hikes of more than 200% in social security contributions. I was wrong. It is not a bad joke but a bitter reality. According to government …
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2016 – The Year of New Greek Tax Hikes
I suppose, the majority of Greeks spent the 3-days break with their television set off. That’s why, they are still alive on Monday, January the 4th. Had they turned their TVs son, they would had for sure suffered brain strokes, heart collapses and breath halting due to the tsunami of …
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Greece has 86% more taxes on fuel than allowed by EU
Greece, debt-ridden and recession-hit Greece, is one of the EU countries with highest taxes on unleaded fuel. This will change and thus upwards, as the government plans too impose a special consumption tax on fuel in order to avoid hikes in the road taxes. According to latest information issued by …
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Athens: Public Transport Tickets to rise by 16% due to technical “inconvenience” !!!
Ticket fare for public transport means in Athens will rise by 16% as of 1.1. 2016. Passengers of Metro, Tram, Urban train ISAP, Trolley bus and Blue buses will have to dig deeper in their pockets and find another €0.20 if they want to go soewhere for whatever reasons. No, …
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“Juicy” hikes in entrance fees at Greece’s archaeological sites
Greece will raise the entrance fees to its archaeological sites and museums …because the country needs money and some so-called “equivalent measures” to avoid cuts or Value Added Tax hikes. But also because in some museums visitors have allegedly “asked for the entrance fees to rise.” The hikes are ‘juicy’ …
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V.A.T. hikes on rich Greek islands like Rhodes, Mykonos, Santorini
Alea jacta est. The Value Added Tax die is cast for the richest Greek islands that attract millions of tourists each year. Mykonos, Santorini, Paros, Naxos, Milos, Syros and Tinos are reportedly on the list prepared by the Greek Finance Ministry that will abolish the low V.A.T. rates. So far, …
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Value Added Tax on fire: Crazy hikes in food & tourism
More than 40,000 food items are been sold with a poisonous 10% Value Added Tax hike as of today and expect to burden the average Greek household with at least 55 euro per month.Beef, coffee, tea, cocoa, spices, sugar, oils – except olive oil, ice-creams, chocolates, but also condoms and …
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Supreme Court orders Greece to reverse 2012 pension cuts as “unconstitutional”
Greece’s top administrative Court Council of State ruled out on Wednesday that the pension cuts of 2012 imposed by the Troika were against the Constitution. The court ruling followed a massive litigation by individual pensioners and pensioners’ associations from the country’s private sector. The Council of State ruled that the …
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Electricity prices in Greece soar 60% amid economic crisis
As we say: slowly but gradually! Households in Greeks saw their electricity bill increasing at 10 percent during each and every year of the economic crisis. And this although the whole sale price decrease. What do Greeks pay in addition to their electricity consumption so that their electricity bills skyrocket? …
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PPC (DEH) to raise electricity prices at 11% for households with 0-800kWh/quarter
We, Greeks, we don’t mind the heat waves of summer – because we live in hell. No week, no month passes without to be asked to put our hand deeper in our empty pockets. The rises and hikes hit mostly the usual suspects, that is the poor, who have no …
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Greeks can’t escape economic bleeding as new hikes and new levies keep coming
These is no way that Greek households would escape the economical bleeding. The state mechanism is always keen in finding ways to grab the last cent out of the people’s pocket whether they have it or not. The trick is simple: small amounts of money, grabbed in the form of …
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