September 27, 2023
Economy, FEATURED
One in two households in Greece cut food expenses in order to be able to pay their electricity and heating bills, a research conducted by Greece’s Consumers Association EKPOIZO within the framework of the European program “Reverter”, with the cooperation of the Laboratory of Mining Technology and Environmental Mining of …
Read More »
July 17, 2023
Economy, FEATURED
Greece’s Independent Authority for Public Revenue (AADE) will begin tax audits on all those who in 2021 declared family incomes of up to 10,000 euros. This concerns about 3.8 million taxpayers, who will be subject to electronic cross-checking of their accounts as AADE officials consider that these conceal a still …
Read More »
January 23, 2023
Economy
Finance Minister Christos Staikouras proudly announced on Monday three government interventions aiming to improve the income of most households plagued by the inflation. These three interventions concern the increase of pensions by 7.75%, something that will be visible next week in February’s payments, the increase of the minimum wage from …
Read More »
August 28, 2022
Economy
“We will support natural gas consumers this winter against the explosive increase in prices,” Environment and Energy Minister Kostas Skrekas said on SKAI television on Sunday morning, in response to questions about the 700,000 households using natural gas in Greece. “The prime minister’s orders are to examine scenarios for supporting …
Read More »
August 22, 2022
Economy
Government assistance for households and businesses faced with high electricity bills will total two billion euros in September, Finance Minister Christos Staikouras announced on Monday. The governmental announcement comes right after power suppliers revealed exorbitant price hikes of 65% got September over the weekend. The FinMin revealed also that dozens …
Read More »
August 1, 2022
Economy, FEATURED
Greece’s government is getting ready for the worst energy scenario and plans to cut on natural gas consumption with darker streets and historical monuments as well as with rolling power outages for the households. This was announced by both the Energy minister Kostas Skrekas and deputy Finance minister Thodoros Skylakakis …
Read More »
July 5, 2022
Economy, FEATURED
There will be significantly increased subsidies to cover the cost of electricity in July, Environment and Energy Minister Kostas Skrekas announced on Tuesday. The subsidy amount per MWH and KWh for households and businesses will rise and thus independent from the income criteria and consumption caps for eligibility. Regarding energy …
Read More »
March 30, 2022
Economy, FEATURED
Greek households store food due to the war in Ukraine, a market survey has found. Turnover in value of food retail increased by 5.1% in the first week of March. According to NielsenIQ data, in the first week of March, many food categories, such as pasta, showed a very large …
Read More »
January 27, 2022
FEATURED, Society, Very Mix
Τhe office of the Public Prosecutor in Athens investigates the multi-day power outages in several areas of Attica in the midst of a snow weather, low temperatures and frost. Investigation is to determine whether the offense of disturbing the operation of an utility has been committed. The order for the …
Read More »
January 7, 2022
Economy, FEATURED
Greece will extend financial relief to help households and businesses deal with surging energy prices into January at a cost of about 400 million euros, Prime Minister Kyriakos Mitsotakis said on Friday. “For another month the government will support households, farmers and businesses in the face of the global energy …
Read More »
August 11, 2021
Economy
Τhe Greek government on Tuesday announced a package of relief measures for all those hit by the recent forest fires that burned large parts of the country since the beginning of the month. A relief down-payment is to be given as soon as possible, “in 10-15 days the latest” as …
Read More »
February 17, 2021
Greece, weather
Thousands of households in northern Athens remain without electricity on Wednesday evening for second consecutive day following snow weather Medea. Parallel to the efforts to restore power, the good old Greek “blame game” is ongoing between the grid operator, the municipalities and the regional government of Attica. The word “responsibility” …
Read More »
February 1, 2019
Social
One in four Greeks cannot afford to heat their home sufficiently, the Eurostat announced following data collected as part of the annual EU survey 2017 on income and living conditions in the bloc. Based on the report, 25.7% of Greeks said they were not able to keep their home adequately …
Read More »
January 22, 2019
Economy
Greek households have lost 27.9 percent of their assets in the crisis decade 2008-2018. According to an analysis by Alpha Bank, the drop was the biggest in the eurozone and is followed by those recorded in Spain, Italy and Cyprus. Germany recorded significant gains during the same period. Portugal also …
Read More »
July 17, 2018
Economy
The governor of the Bank of Greece, Yannis Stournaras, has said that Greek households still keep their money away from the banking system because they are afraid of their savings. He claimed that 12 to 14 billion euros are under mattresses and that businesses have another 10 billion euros abroad. …
Read More »
February 1, 2018
Social
Greek society in economic decline: Three out of four are long-time unemployed. 51% of the households depends on pensions. One in five households is afraid to lose its home. 70% of the young Greeks want to look for a work abroad. 16.3% say they cannot afford to cover an extraordinary …
Read More »
December 18, 2017
Social, Society
Thousands of Greek households will spend Christmas holidays in the darkness. Greece’s Public Power Corporation (PPC/DEH) plans to proceed to power cuts to 35,000 private and commercial subscribers by the end of the year due to unpaid electricity bills. The plan foresees 2,000 power cuts per day until the end …
Read More »
December 1, 2017
Economy
Households and businesses will see a small reduction in the prices of natural gas as the National Natural Gas Transmission System Operator SA (DESFA) announced it would lower its fees on the use of natural gas transmission infrastructure from May 1, 2018. The benefit is expected to be rolled over …
Read More »
November 6, 2017
Economy
Greek households and non-profit entities that serve households lost 2.7 billion euros in disposable income (or 2.3 percent) in 2016, Greece’s independent statistics authority (EL.STAT) said on Monday. According to figures released this week, the sum for Greek households’ disposable income reached 114 billion euros last year, down from 116.7 …
Read More »
September 7, 2017
Social
The economic crisis continues to plague Greek households struggling too make ends meet – month in, month out. A survey conducted by Nielsen shows a decline in consumption and therefore the plight of thousands of families. Greeks cut on essential goods like milk and bread. The drop in the category …
Read More »
