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Tag Archives: increase

Apartment prices in Greece record a 2.5% increase in 2018

Data collected from credit institutions show that nominal apartment prices are estimated to have increased on average by 2.5% year-on-year in the fourth quarter of 2018, the Bank of Greece said in a press released issued on March 5.  The average annual increase in apartment prices was 1.5% in 2018, …

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Greece remains top in shipping asset value

“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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Tsipras announces 10.9% increase of minimum wage, to €650 from €586

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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Number of debtors to Greek state increased over summer

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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Migrant crossing via Evros river sees sharp increase in October

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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Greece to increase minimum wage as of 1. Jan 2019, announces Labor Minister

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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Erdogan says Turkey to increase military presence in occupied North Cyprus

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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Gov’t priorities: Increase minimum wage, tax relief, no further pension cuts

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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Unemployment rises to 22.29% in July despite seasonal work places

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 in Greece climb by 0.8% in second quarter of 2018

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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Greece concerned about increase of refugees inflow especially through Evros river

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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Greece’s museums and archaeological sites record impressive visitors’ increase

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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Gov’t to hand out social aid €500-€2,100 to islanders as compensation for the VAT increase

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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