Greek daily news

Greek Daily News 04/06/2024

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ECONOMY

-Electricity rates are set to soar this month as providers announced new charges on June 2, with rates 12% to 70% higher compared to May.

-S&P Global’s seasonally adjusted Purchasing Managers’ Index™ (PMI) for Greece’s manufacturing sector stood at 54.9 in May, down from 55.2 in April.

-A legal suit filed with the Council of State on June 17 intends to contest a 2023 tax law establishing a minimum presumptive income for the self-employed, the Coordinating Committee of Freelancers, Professionals, Craftsmen and Merchants announced during a press conference on Monday.

REAL ESTATE

From the beginning of 2017 until the first quarter of this year, the increase in house prices nationwide came to 66%, while in Attica the increase in prices was even greater, amounting to 85%.

SHIPPING

The business part of the Posidonia international shipping fair begins on Tuesday morning and lasts until Friday afternoon, from 10.30 a.m. to 7 p.m. (until 5 p.m. on Friday). The highlight of Tuesday’s schedule is the TradeWinds Shipowners Forum, held at the Posidonia Conference Hall from 11 a.m. to 4 p.m. A new registration portal, called niologio.gov.gr, was presented on Monday aiming to enhance the competitiveness of the Greek registry and buttress efforts to entice more ships to hoist the Greek flag, according to the ministry of maritime affairs.

(Posidonia International Shipping Exhibition Credit: Posidonia)

TOURISM

-The safe return of foreign travelers who arrived in Greece with Germany’s FTI Group, Europe’s third-largest tour operator who filed for bankruptcy, is the primary concern, the Ministry of Tourism said on Monday. The number of foreign visitors who arrived in Greece through FTI is estimated at 7,500. There are approximately 300 hotels in Greece owed a total of about 1.8 million euros by FTI from the previous year, AMNA reported. The announcement that FTI Group has filed for insolvency at a court in Munich comes at a critical time for Greek tourism as the main summer season begins.

-Renting an umbrella and two sunbeds costs 22 euros on a weekend, along with an additional entrance fee of 10 euros per person, at the popular Alimos beach on Athens’ southern coast, according to news reports by Mega Channel.

-This year’s tourist traffic is expected to move at the same levels as last year, with a slight upward trend, Naftemporiki reported citing hotel industry experts. The best markets for Rhodes are British, German, Polish and French, and the Scandinavian countries. Northern Greece is waiting for the Romanians.