Tag Archives: increase

Almost 600,000 Greeks were added to the long list of state debtors over the summer, according to a report by the Parliamentary Budget Office (PBO), with experts viewing this as a sign of deterioration for the private economy in Greece. The PBO quarterly report for the July-September 2018 period noted …

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Authorities in northern Greece have reported a sharp increase in migrant crossings at the country’s land border with Turkey along with a rise in arrests of smuggling suspects. Authorities say migrant crossings at GR-Turkey border 82 percent higher in October than previous year. The number of migrants registered and arrested …

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Minimum wage in Greece will be increased as of 1. January 2019, Labor, Social Insurance and Social Solidarity Minister Efi Achtsioglou announced beginning of the week. The relevant amendment was submitted to the parliament late on Wednesday in order to speed up the procedure The increase of the minimum wage …

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President Recep Tayyip Erdogan threatens to increase Turkey’s military presence in the illegally occupied North Cyprus. Erdogan’s threats come just a few hours before the opening of the annual session of the UN General Assembly, with Secretary General Antonio Guterres to examine the prospects of resuming the negotiations on the …

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Increase in minimum wage, tax relief, efforts to avoid the upcoming further cuts in pensions and the broadening of the tax-free basis. These are the targets of Greece’s coalition  government SYRIZA-ANEL now that the country has exited the last bailout program. The government targets for the next day is the …

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Registered unemployed recorded an increase of 2.81 percent in the month of July when compared to the previous month June. The data released by the Greek Employment Agency (OAED) come as surprise because normally unemployment figures drop in summer due to seasonal works and jobs in the tourism industry. More …

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Apartment prices increased on an average by 0.8 percent based on year-to-year comparisons in the second quarter of 2018, the Bank of Greece said on Thursday. According to a Bank of Greece statement and based on data collected from credit institutions,(1) apartment prices (in nominal terms) are estimated to have …

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U.S. President Donald Trump told NATO leaders they should increase their defense spending to 4% of GDP, that is to double the current goal of 2 percent. NATO allies shrugged off the demand as part and parcel of Trump’s brash push for allies to spend more on their own defense …

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The European Union Commissioner for Migration has warned that Greece is receiving more and more refugees from Turkey this year, pinpointing the need for more budget and personnel to police the borders. Commissioner, Dimitris Avramopoulos, said on Wednesday that the arrivals in Greece had increased nine times in March this …

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Greece is concerned about the increase of refugees and migrants inflow especially through the natural border of Evros river in North-East. Briefing the parliamentary committee on Tuesday, Mgration Minister, Dimitris Vitsas, said that that refugees and migrants arrivals from Turkey have dramatically increased after the Varna EU-Turkey Summit on March …

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Museums and archaeological sites in Greece saw an impressive increase of visitors in November 2017 when compared to the previous year. Museums saw an increase of 7.2 percent, while the number of visitors at archaeological sites went up by 18.4 percent. In November 2017 compared with the corresponding month of …

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An extraordinary social handout from 500 to 2,100 euros, depending on the family size and economic criteria, will be given to islanders in 2018 as a readjustment offset for the abolition of lower VAT scale applied on transactions on the Greek islands. On Tuesday, the government announced that VAT rates …

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Five islands in the Eastern Aegean Sea will be exempted from the increase of the Value Added Tax that will go into effect as of 1.1.2018. The V.A.T. will remain at the same levels for the islands of  Lesvos, Chios, Samos, Kos and Leros as they have received the main …

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More than 1,880 refugees and migrants arrived on the Greek islands in the first half of October, setting local authorities on alert. At the same time, Berlin accuses Athens of tricking with the numbers in order to hide that thousands of migrants illegally cross the Balkan route and reach Germany. …

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Foreign investors have brought more than one billion euros in Greece in the last seven months, deputy Economy and Development Minister Alexis Charitsis said. In the equivalent time period in 2016, the amount was €200 million. Another 5 to 6 billion euros are expected to come through the package of …

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Private sector bank deposits increased for a third consecutive month in July 2017, according to the Bank of Greece (BoG), with the total reaching 121.25 billion euros during that month, nearly a billion euros above the figure for the previous month of May 2017. “Nevertheless, deposits in the still bailout-dependent …

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“The disposable income of Greek households has increased in the last two year,” Panagiotis Rigas said on Friday. Who is P. Rigas? The General Secretary of Greece’s governing SYRIZA. In an interview with Athens 984 radio, Rigas claimed the disposable income of Greek households has increased in the past two …

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Does President Recep Tayyip Erdogan let the EU-Turkey deal on migration go burst? A significant increase in the number of refugees and migrants arriving in Greece from Turkey has been recorded in the last six days. A total of 1,196 people arrived in the Greek islands of northern and eastern …

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For the Greek Public Power Company (DEH) and the Regulatory Authority for Energy (RAE) the solution is simple: it will get 100million euros either from the state budget or from the power consumers. The amount comes together from a 50% refund of the special consumption tax (SCT) in the fuel …

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Fourteen provincial airports around Greece now managed by a Fraport-led consortium continue to post higher passenger traffic in the first six months of the year, with the overall increase put at 11.9 percent, compared with the same period of 2016. Specifically, between January and June 2016, 9.64 million passengers passed …

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