Playing with words, Prime Minister Kyriakos Mitsotakis named the upcoming price hikes in water bills “readjustment.” Furthermore, he claimed that price hikes were essential due to water scarcity. Mitsotakis spoke on Thursday of “adjustment to the level of inflation” adding that “no one is going to notice them.” Of course, …
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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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Government heralds price reductions in hundreds of products but not in food
Prime Minister Kyriakos Mitsotakis heralded price reductions in 1,500 products as tomorrow, March 1. A little later, Development Minister spoke of 3,000 products. Consumers remain cautious saying they have heard such announcements before but did not see them on supermarket shelves. Speaking at the cabinet meeting on Thursday the Premier …
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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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Greece increases prices for Covid-tests Rapid, PCR, Self-test
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 has the highest electricity price in the wholesale market
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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Heating oil in Greece to be more expensive from Jan 1
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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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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Electricity wholesale price in Greece up 29%, reaches €362.22/MWh
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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“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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“Bitter” coffee in Greece as special levy to be charged on 1.1.2022
“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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Gov’t plans additional measures package against price hikes, says FinMin
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 shock Greeks: +50% on electricity bills, 15%-20% on essential goods
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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