March 11, 2024
Economy, FEATURED
Charges to citizens’ mobile, landline and Internet accounts by providers have increased by up to 20% in the recent period compared to previous charges. Αccording to the newspaper “TA NEA” providers increased their service prices after the government turned down their requested readjustment of the contracts. For almost all expiring …
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August 4, 2023
Economy, FEATURED
Sharp increases in fuel prices in Greece have more and more motorists to fill their tanks only for essential. In Athens prices have reached 2 euros per liter, and are close to 2.5 euros on the islands. Drivers now only use gasoline for basic journeys, as fuel prices at the …
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February 15, 2019
Economy
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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November 13, 2017
Social
Greece’s Transportation Minister Christos Spirtzis announced government plans to allow reduced ticket in Athens public transport means for short journeys. According to economic news website newmoney.gr, Spirtzis said in an interview it was not fair that someone who travels across Attica pays the same fair as somebody who uses public …
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December 16, 2016
Society
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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November 11, 2016
Economy
Greek citizens face a major tax burden, with a European Commission survey revealing that the burden climbed to 65.7 billion euros in 2016, from 64 billion euros in 2015. According to the European Commission’s figures, the tax burden increased to 37.6% of the GDP in 2016, from 36.4% In 2015 …
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June 22, 2015
Economy, Society
The Greek additional proposal to the creditors has been leaked to the press. Athens offers earth and water – in creditors’ language “taxes and revenues” worth €7.899 billion for 2015-2016 that is in the next 18 months. Specifically, the Greek government aims to collect €2.697 billion until the end of …
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June 3, 2015
Economy
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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May 28, 2015
Economy
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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October 31, 2014
Society
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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February 10, 2014
Economy
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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February 9, 2014
Economy, Society
We finally seem to know why the Greek Development Ministry insists on abolishing the ‘fresh milk’ tag under the pretext of “decreasing the milk prices”. Because the milk prices will skyrocket as the debt-ridden and jerks-hit country will impose the fat tax on milk. “An 8%-10% tax on all products …
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October 9, 2013
Economy
The gap between theory and practice… That’s the main problem of institutional technocrats seeking solutions to countries where real people live in. They just don’t get it. that their theoretical approach is good on academic level but a failure in real life. A fact that is being confirmed again and …
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September 12, 2012
Economy, Society
I always knew, the EU officials had no idea about the real life in Europe, the real economic and social situation of EU- citizens and – taxpayers who come up for their expenses. And now this is officially confirmed, through an internal EU-Commission report asking for salary increases hikes and claiming “there …
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March 9, 2012
Economy, Politics
The Memorandum of Understanding, the cuts in wages and pensions concern all Greeks. All nearly all. 500 people working in the public sector, next to deputy ministers and secretary generals of certain ministries will be excluded by the new payroll and receive wages increases instead. Daily “Athesmeftos Typos” revealed that in the ministries of …
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