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Tag Archives: increases

Greek consumers price index slows to 0.5% in Jan, despite increases in food

Greece’s annual EU-harmonised inflation rate slowed in January, statistics authority ELSTAT announced on Thursday. Inflation was at 0.5% in January 2019, despite the fact that prices in food and non-alcoholic beverages recorded an increase of 1.9% The data showed the headline consumer price index also decelerated to 0.4 percent year-on-year …

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Workers at rail track public transport to get 2%-4% wage increase

Remember the strikes and the work stoppages launched by workers at public transport means Metro, Tram and Urban Train ISAP? They were successful! The management of STA.SY and the staff signed a new collective bargain contract according to which workers will receive basic salary hikes from 2% to 4%. According …

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OECD cuts Greece’s Growth Outlook, increases Debt/GDP and Unemployment projections

The Organization for Economic Cooperation and Development cut its global growth forecast, saying investment is lagging and risks including a possible Greek default are hurting confidence. In its semi-annual report the OECD says  that “the world economy will expand 3.1 percent this year, down from the 3.7 percent predicted last …

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ECB report: “Default risk expectations increased sharply for Greece”

The European Central Bank issued it Financial Stability Review today and made very important conclusions: that Default risk has increased for Greece and that the Greek banking sector has suffered substantial deposit outflows. “Wow,” as Finance Minister Yanis Varoufakis would say expressing his astonishment about the extremely surprising and nonplus …

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Electricity prices in Greece soar 60% amid economic crisis

As we say: slowly but gradually! Households in Greeks saw their electricity bill increasing at 10 percent during each and every year of the economic crisis. And this although the whole sale price decrease. What do Greeks pay in addition to their electricity consumption so that their electricity bills skyrocket? …

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Greek FinMin to taxpayers: New taxes? Darling, it’s not what you think…

Ιn the virtual Greek reality we live in, I often recall the famous infragranti situation, when a partner captures his/her partner in bed with somebody else: both lovers naked but one of them shouts to the stunned and betrayed partner: “Darling, it’s not what you think…” Exactly the same is …

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