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Tag Archives: June 2018

Youth unemployment in Greece falls below 40% for the first time in years

For the first time in years, youth unemployment fell below 40 percent, the Greek Statistics Authority ELSTAT said on Thursday. In its monthly report, ELSTAT said that unemployment rate among young people aged up to 24 years old fell to 39.1 percent in June 2018. One should note that the …

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Annual inflation in Greece hits 1.0 percent in June

Price hikes in food, fuel, services and other essential goods drove the annual inflation rate in Greece to 1.0 percent in June 2018, from 0.8 percent in May, the Greek Statistics Authority and the Eurostat that uses the ELSTAT data said. According to ELSTAT statement, inflation rate rose 1% between …

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More than 93,500 Lightning Strikes recorded in Greece in June

More than 93,500 lightning strikes have been recorded in Greece in the month of June that was hit by several bad weather fronts. The National Observatory in Athens said that the activity of the electrical phenomena recorded by the ZEUS electrical detection system was quite high in June. With the …

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Erdogan wins to be super-powers President due to Islamist-Ultranationalist alliance

Recep Tayyip Erdogan has been elected as the first executive president of Turkey under the new presidential system. His party’s alliance with far-right Nationalist Movement MHP, the People’s Alliance, secured him the victory already in the first round of presidential elections. The same alliance of Islamists and Ultra-nationalists secures him …

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Greece hosts 58,000 refugees and migrants in early June, says UNHCR

The number of refugees, asylum seekers and people with no citizenship in Greece totaled 58,000 in early June, according to figures released by the Greek chapter of the UNHCR on Wednesday, World Refugee Day. Sabine Wahning, head of the Thessaloniki office, says that there is a rising trend in the …

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Tonnes of Garbage pile up in Athens as Attica landfill remains close

Garbage bags outside the large neighborhood bins have been piling up in Athens, Piraeus and the suburbs as the landfill of Attica remains close for eighth consecutive day. With 2,000 tonnes fresh rubbish to land daily on the streets, residents and business owners in the Greek capital have reached the …

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Greece loosens capital controls with spectacular up to €5,000 per month

Greece’s Finance Ministry has reportedly already prepared a new legislation that will further loosen capital controls and spectacularly raise the monthly cap of cash withdrawals for natural persons.  The new measure will allow bank account holders to withdraw up to 5,000 euros per month. Since 1. March 2018, the withdrawal …

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