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Tag Archives: increase

Rents in Greece’s major urban centers skyrocket

Rents in Greece’s major urban centers skyrocket and so do the landlords’ demands. the reasons are diverse but mainly the increase of the so-called “subjective prices” consequently the rise of property taxes as well as the rising cost of living. As incomes remain stagnant, though, access to affordable housing has …

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ECB makes large interest rate hike, bank deposits at 1.5%

The European Central Bank piled on another outsized interest rate hike aimed at squelching out-of-control inflation, increasing rates Thursday at the fastest pace in the euro currency’s history and raising questions about how far the bank intends to go with the threat of recession looming over the economy. The 25-member …

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ECDC and EMA recommend 2nd booster shot in summer 2022

The European Centre for Disease Prevention and Control (ECDC) and the European Medicines Agency (EMA) have updated public health recommendations on the use of additional booster doses of COVID-19 vaccines this summer and in the upcoming autumn and winter seasons. The updated recommendations come amid increasing rates of COVID-19 reporting …

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Greece Ferries increase ticket prices for 3rd time in 2022 for specific routes

For third time in 2022, Greece’s ferry companies increased the ticket prices at a range of 4% to 8% on average on July 1. The hikes are only certain ferry itineraries and mainly from the port of Piraeus. From the port of Rafina, the prices of individual tickets with conventional …

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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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Greece’s ferries raise ticket and car prices to cope with energy crisis

Some ferry lines in Greece have already increased their ticket prices for passengers and vehicles transport due to the soaring energy prices. The raise ranging approximately 10% to 12% is in order to meet the growing operating cost due to the increase in international oil prices due to the war …

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Justice Ministry submits draft bill with tougher penalties for serious crimes

Greece’ Justice Ministry submitted to Palriament a draft bill a series of amendments to the penal and criminal justice code. The bill submitted on Tuesday following a period of public consultation and dialogue. The provisions in the bill were first presented by Justice Minister Konstantinos Tsiaras and Deputy Justice Minister …

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Greece raises the minimum wage by 2%, PM Mitsotakis announced

Prime Minister Kyriakos Mitsotakis announced on Monday the raise of the minimum wage by 2 percent. He made the announcement during a cabinet meeting. The minimum wage increases from 650 euros gross to …663 euros. Mitsotakis made the announcement during a cabinet meeting and said that the government decided to …

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Greece to lower ENFIA tax, set property prices in coastal areas on islands

The Greek government is committed to lower the ENFIA special property tax by 8 percent, Finance Minister Christos Staikouras said on Tuesday. At the same time he announced the setting of property prices in “high-value regions, mostly coast areas on Greek islands.” Speaking to “Parapolitika” FM, Staikouras gave assurances that …

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