Tag Archives: price

Electricity suppliers announced lower bills for May, with prices set very close to the target set by the government for final charges to consumers. More specifically, PPC reported a charge of 15.9 cents per KWh for energy consumption up to 500 KWh (16.5 cents in April).  Protergia: 13.96 cents/KW  Heron: …

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Prices for rapid tests, self tests as well as molecular tests PCR are increasing as they are now subject to a Value Added Tax rate of 6%. The VAT rate for such tests was zero soon after the coronavirus pandemic began. Rapid tests are required to be done at their …

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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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Τhe state subsidy for heating oil will be valid in its entirety for just four more days, as from the New Year it will reduced by 10 cents per liter. It is quite possible that the selling price of heating oil will increase further if the subsidy from the refineries …

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European Union nations’ energy ministers have agreed a gas price cap, a spokesperson for the Czech Republic said on Twitter on Monday. First reaction from Russia: “Unacceptable!” The deal follows weeks of talks on the emergency measure that has split opinion across the bloc as it seeks to tame the …

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The government is proceeding with new regulations regarding the “Golden Visa”, doubling the amount of property investment in specific and regions across Greece with the aim to obtain a residence permit. Speaking to reporters on Thursday, Deputy Minister of Development and Investments Nikos Papathanasis announced that the government will submit …

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Greece’s Development Ministry published a list of 50 proposed basic goods for the so-called “household shopping basket” for which supermarkets are expected to contain price hikes or scale back future increases. The list follows up on a meeting between Development & Investments Minister Adonis Georgiadis and representatives of supermarket chains …

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Greece’ Prime Minister Kyriakos Mitsoτακισ shocked the real estate market on Saturday when he announce that investment for Golden Visa is being doubled from €250,000 euros to 500,000 euros. The announcement came practically out of the blue with the argument that real estate will be affordable to Greeks again. The …

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Shock and awe for the electricity prices in Greece that jumped by 29% within 24 hours and brought the wholesale price at the pre-day market of the Energy Exchange at 362,22 euros per megawatt hour with the war in Ukraine and the sanctions against Russia to play a significant role. …

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Development and Investment Minister Adonis Georgiadis left open the possibility of reducing the Value Added Tax on a series of  products to contain price increases. Speaking to Mega TV on Tuesday, Georgiadis said that the government is considering reducing the VAT on certain products, adding that this is a measure …

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Public Gas Corporation of Greece DEPA Commercial and Gazprom struck a deal on Monday after months of negotiations on the price for the supply of natural gas, on terms that were favorable for the Greek market, an announcement said. The new deal, which is included within the framework of the …

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“Bitter” coffee in Greece from 1. January 2022 as prices will go up due to a levy the government raises for the benefit of the environment. The price hikes are between 4 and 10 cents for plastic and papers cups and other utensils whether for single use or multiple uses. …

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The Greek government plans an additional package of measures to help households and enterprises deal with the wage of price increases, Finance Minister Christos Staikouras said on Tuesday. Speaking to Skai TV, Staikouras said “we are planning a grid of interventions for the total and concise help to households and …

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Price hikes with shocking 50% increase on electricity bills as from September and 15%-20% up in several essential goods are threaten to push one in three Greek household into impoverishment. The government signals that it will take measures to contain the problem through a series of intervention in a market …

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A new digital platform that provides an interactive map of the Greece’s real estate price zones was launched by the Finance Ministry on Monday. The online tool allows citizens to see which zone their assets fall into, or get information on real estate so-called ‘objective’ prices, that is a property …

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Prices on supermarket shelves and fuel are rising rapidly during the pandemic and basic products will be even more expensive in the near future. Prices are expected to increase further in the next period due to the rise not only of raw materials internationally but also the price of transportation …

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Greece is setting maximum prices for Covid-19 tests, molecular PCR and Rapid Test carried out at private health facilities, authorities announced on Friday. The price cap will be set by the Ministry of Development and with a legislative amendment to be tabled to Parliament soon. Speaking at the live briefing …

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Extreme situations create extreme profit opportunities. In the case of the coronavirus, it is the exorbitant prices for the test when conducted in private hospitals and diagnostic centers. Several Greeks reported on social media that the average price sums up to €290, when in the public hospitals one is charged …

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Finance Minister Christos Staikouras claimed that the Greek banks paid the price of the economic crisis because they lost deposits when citizens withdrew money. Does the Minister talk about the same banks Greeks had to recapitalize and still pay the price for it? In an interview with ANT1 TV, Staikouras …

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Turkish President Recep Tayyip Erdogan fired new threats against Greece and said that “Greece will pay the price for its actions.” In an interview on Turkish public television TRT on Monday night and a few days after meeting with Prime Minister Kyriakos Mitsotakis in London, Erdogan escalated his rhetoric. However, …

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