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Tag Archives: price

“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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Rapid price increases in Greece’s supermarkets and fuel

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 sets price cap for PCR, Rapid tests at private health facilities

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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Greek fuel operators insist on gasoline hikes due to Saudi crisis

Oil prices remained stable on Tuesday, despite increases in world market and refinery prices. According to the Greek Development Ministry, the average price of unleaded petrol was at 1.592 euros per liter, compared with 1.589 euros on Monday. However, petrol stations in Thessaloniki announced price increases in fuel as of …

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Greeks pay the most expensive mobile internet

Greek consumers pay the seventh highest charges in the world to buy a gigabyte of data to surf the internet on their phone, according to a survey conducted by British company Cable in 230 countries. The nominal price of 1 GB in Greece reaches up to 28.93 euros, while the …

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Greece’s power utility PPC records heavy losses, price hikes possible

Public Power Corporation (PPC), Greece’s main electricity utility, has recorded heavy losses last year and its own auditor warned about the firm’s sustainability. Experts say painful decisions may be required, including rate hikes and asset sales. PPC recorded after tax losses of 542 million euros (607 million U.S. dollars), according …

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Souvlaki saved! Competition Commission stops price increase

The Greek souvlaki is saved. Greece’s Competition Commission has reportedly intervene in order to stop the price increases that were apparently due as of May 1, 2019. Responding to press reports that Greeks’ favorite fast food, the Souvlaki, will be sold at 3 euros from €2.2 currently, the Competition Commission …

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Greek consumers price index slows to 0.5% in Jan, despite increases in food

Greece’s annual EU-harmonised inflation rate slowed in January, statistics authority ELSTAT announced on Thursday. Inflation was at 0.5% in January 2019, despite the fact that prices in food and non-alcoholic beverages recorded an increase of 1.9% The data showed the headline consumer price index also decelerated to 0.4 percent year-on-year …

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