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Greek News & Advice

Greek Daily News 17/04/2024

POLITICS Greeks’ interest in the upcoming European Parliament elections which will take place between June 6 and 9 has surged compared to the last vote five years ago, a Eurobarometer survey released on Wednesday showed. According to the survey, public health, poverty and jobs emerged as a top concerns. ECONOMY -The average expectations for inflation…

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Greek Daily News 16/04/2024

ECONOMY -Prices in the last 4.5 years have risen 15.01% in Greece, but the increase stands at 19.01% for households with a monthly income up to €750. Increases in food burdened households on average by 49%, while the burden on households with incomes up to €750 is 59%, according to the analysis by the Netrino…

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Aria hotels, Skylight, Syros, Cycladic islands, Greece (Credit: Aria Hotels)

Aria hotels’ Skylight on Syros welcomes guests on April 15

Aria Hotels, Libra Group’s Greek-born hospitality subsidiary, welcomes “Skylight”, a new hotel in its collection of boutique hotels and villas in exceptional destinations of unique natural beauty throughout Greece. Opening on April 15, 2024, Skylight is located in the vibrant heart of Ermoupoli, Syros, the capital of the Cyclades islands. The hotel is housed in…

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Greek Daily News 15/04/2024

ECONOMY -Greece is the fourth most expensive country worldwide in terms of food prices, the Organization for Economic Cooperation and Development (OECD) said in its latest report. Food inflation stood at 6.7% in February from 8.3% in January, according to OECD. In March, food prices went up to 5.3% despite some measures imposed by the…

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Greek Daily News 12/04/2024

ECONOMY -The National Bank (NBG) is launching “My First Home” mortgage program for young people up to 45 years old in an attempt to respond to their increased housing needs. -Social security costs to be reduced further as of next year, according to the Ministry of National Economy and Finance. Within 2025 the total contributions will…

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Greek Daily News 11/04/2024

ECONOMY -The Overall Industrial Production Index in February 2024 recorded an increase of 1.6% compared with February 2023, according to the latest data released by the Hellenic Statistical Authority (ELSTAT). -The Consumer Price Index (CPI) in March 2024 compared with March 2023, increased by 3.2%. In March 2023, the annual rate of change of the…

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Greek Daily News 10/04/2024

ECONOMY -According to Greece’s Independent Authority for Public Revenue (AADE) statistics, 7,159,164 taxpayers have at least one property, with their total value exceeding 770 million euros. -The sustainability of Greece’s public debt is guaranteed at least until 2030, according to the Bank of Greece (BoG). -Divestment from banks earns Greece 3.5 bln euros, the Bank…

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Greek Daily News 09/04/2024

ECONOMY -The Greek economy is seen growing by 2.3% this year, well above the euro zone average, Bank of Greece Governor Yannis Stournaras said on Monday. The projection is lower than a government estimate of 2.9% expansion. -According to ot.gr citing figures from the Panhellenic Federation of Hoteliers 53,000 jobs remain unfilled, which actually amount…

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Greek Daily News 08/04/2024

ECONOMY -Greece ranks second as eurozone’s most expensive country for fuel, according to Eurostat‘s latest report. Last week, the average price of unleaded gasoline in Greece stood at 1.934 euros, compared to the European average of 1.759 euros. -French banking group Societe Generale considers it possible that S&P Global Ratings will upgrade the Greek economy…

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Greek Daily News 05/04/2024

ECONOMY -Turnover in retail trade decreased by 18.4% in January 2024 on an annual basis, according to the Hellenic Statistical Authority (ELSTAT). -The assets of the four Mutual Fund Management Companies (AEDAK) that are subsidiaries of the Greek systemic banks grew by 1.8 billion euros in the first quarter of 2024, Kathimerini reported. -The Development…

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