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Tag Archives: price

Price increases up to 20% in mobile, landline and internet

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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Athens International Airport makes spectacular debut on ASE

The Athens International Airport shares made a spectacular debut on the Athens Stock Exchange on Wednesday, with its price rising 14.02% in midday transactions in heavy trading of more than 50 million euros. Tthrough the Hellenic Republic Asset Development Fund (HRADF/TAIPED) the Greek government , sold 90 million shares of …

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CPI rises by 3.4% in October, food up 9.9%, oil & fats up 26%

Consumer Price Index (CPI) in Greece rose by 3.4% in October 2023 compared to 1.6% in September and 9.1% in the same month last year. Excluding the very large drop in the price of natural gas within a year (60.5%), food items rose further by 9.9%, with oil and fat …

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Real estate prices in Greece reach record highs

The rate of house price growth is continuously exceeding record highs, according to data compiled by the Bank of Greece for the first quarter of 2023. Indicatively, prices rose 14.5% year-on-year in Greece as a whole, with even higher increases in the two biggest urban centers, reaching 16.5% in Attica …

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Electricity suppliers announce lower bills for May

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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EU countries finally agree gas price cap after weeks of talks

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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Golden Visa in Greece hikes to €500K; Minister lists affected regions

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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These are the 50 basic good for the “Household Basket” at supermarkets

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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Golden Visa: Greece doubles investment to €500,000 from €250,000

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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“VAT to be reduced in some products,” says one minister, “no way” says another

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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Greece’s Public DEPA and Gazprom strike a price deal for natural gas supply

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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