February 11, 2019 Economy
“Greece showed the second biggest increase in value for any of the top shipping nations reviewed by the research company as of January, 2019 and puts in top spot. The total asset value of the Greek owned fleet was over $100 bill.” According to the annual research undertaken by VesselsValue, …
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January 28, 2019
Economy, FEATURED
Prime Minister Alexis Tsipras announced on Monday the much anticipated increase of minimum wage. During a cabinet meeting that was live broadcast, Tsipras said that the minimum wage will be increased from 586 euros gross to 650. He added that the sub-minimum wage for those up to 25 years old, …
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January 26, 2019
Economy
Short-term lease via the platform Airbnb is spreading in Greece as more and more apartment and home owners prefer to lease to tourists and visitors. However, they are surprised to see that the revenues they were anticipated to earn are decreasing. Reason for this is the plethora of offer that …
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November 15, 2018
Economy
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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November 9, 2018
Refugees
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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September 19, 2018
Economy
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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September 17, 2018
Sky, Turkey-GR
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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August 23, 2018
Economy
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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August 21, 2018
Economy
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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August 10, 2018
Economy
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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July 11, 2018
Politics, World
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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May 17, 2018
Refugees
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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April 24, 2018
Refugees
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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March 13, 2018
Economy
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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December 20, 2017
Social, Society
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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December 19, 2017
Economy
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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October 16, 2017
Refugees
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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August 31, 2017
Economy
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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August 29, 2017
Economy
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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August 25, 2017
Economy
“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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