Tag Archives: market

500.000 Greeks of working age have left the country and have no plans to return due to low pay. Everyone would have expected that the severe shortage of personnel observed in many sectors of the Greek economy would bring wage increases, in order for businessmen to attract workers and thus …

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Why Greece presents the highest electricity price in the wholesale market? In Germany the price has fallen to 13.58 euros per MWh, in Romania is 94.50 euros. Why is it 248.24 euros per MWh in Greece? The peculiarity of the Greek wholesale electricity market in terms of the integration of …

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Greece’s general goods and food market and its supply chain are operating smoothly, ministers confirmed at an extraordinary ministerial meeting chaired by Prime Minister Kyriakos Mitsotakis on Monday, said government sources. The meeting was held to discuss potential shortages in food and in raw materials in the primary sector that …

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The mobile market in Greece ranks as the most expensive in the European Union and one of the most expensive in the world, a recent study has found.  Research by Rewheel confirmed its previous findings on the Greek mobile market. In a statement, Rewheel says: The Greek mobile market is …

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As long as the pandemic is ‘in full gallop’, the opening of the market will delay, Development and Investment Adonis Georgiadis said on Wednesday a day after he hinted a day earlier that retail sector would open on March 22. Speaking to Rel FM on Tuesday, the minister had said …

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The “click away” system where consumers pick up their electronic or telephone orders at the shop has helped certain market sectors recover from losses of the year due to the coronavirus restrictions, leading trade chamber representative Vassilis Korkidis said on Friday. The service was in operation for short time over …

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The fashion of the short-term leases via the online platform Airbnb is slowly starting to go downwards both in terms of occupancy and prices According to daily tanea, more and more property owners in Athens and Attica abandon the short-term leases and return to traditional “tenants.” Fierce competition and rising …

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An Ancient Greek Amphora is to go on auction in New York at the end of the month. Too bad that the ownership is currently disputed by Greek forensic archaeologists who have alerted authorities to investigate the issue.  The black-figured amphora may end back to Greece, local media report. The …

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An appeals court has upheld a multi-million fine against Heineken imposed by the Hellenic Competition Commission (HCC), after it found the Dutch brewer’s Greek subsidiary to have abused competition laws in the country for the past 16 years. In December 2015 the Athenian Brewery, which is 98.8% owned by Heineken, …

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German Finance Minister Wolfgang Schaeuble suggested that Greece should issue IOUs in order to meet some of its domestic payment obligations. According to information of German daily Handelsblatt, Schaueble suggested the IOUs option during discussions with other euro zone finance ministers at the Eurogroup meeting yesterday, Monday. Citing eurogroup participants, …

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I would never thought that the Holy Synod of the Church of Greece would care about …shoes. But this is exactly what happened! Because a shoe-manufacturer brought to the market shoes bearing the symbol of the Holy Cross on their soles. In a statement the Holy Synod of the Church …

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Governor of Bank of Greece and former Finance Minister Yiannis Stournaras joined the crowd of those spreading fear over snap elections and the possibility of a SYRIZA government. Gone are apparently Samaras’ success stories, growth, debt sustanability and all the other nice things the Greek coalition government had been feeding …

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Hardly had the European Central Bank released Sunday the official results of the stress tests, Greek mainstream media started to hail “Greek banks passed the tests” and “No need for recapitalization”. It took just a couple of minutes for a war of words to break out on the internet with …

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To tell you the truth, I really do not understand how the officials of a country, especially the so-called ‘development ministers’ can be so contra-productive and put obstacles to what they praise: development and growth. It’s been hardly three years when the then Papandreou government promoted with all its power for investments …

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Does the big bang rolls with forceful violence towards Greece’s property owners? Are those who bought homes on loans and found themselves unable to meet their obligations at risk to be kicked out of the four walls and the ceiling,  they used to call ‘their own’? The Troika apparently puts pressure on the banks to start …

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