Greek daily news

Greek Daily News 12/10/2023

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ECONOMY

-Greece’s annual inflation rate eased to 1.6% in September 2023, the lowest since July 2021, from 2.7% in the previous month. On a monthly basis, consumer prices grew 1.8% in September, compared with a flat reading in August, according to the National Statistical Service of Greece (ELSTAT). However, this does not mean a reduction in prices in basic food items and services.

-In 2012-2022 Greece had the lowest growth in average annual wages, from €24,339 to €24,709, which is the worst performance among the other OECD member-states, an analysis by Utility Bidder (based on OECD data) shows. Average workers in Athens currently need to spend 55.9% of their income to pay the rent for their home, according to a new global poll by the UK-based Online Mortgage Advisor.

-Greek consumers reduced spending in food. The per capita expenditure on food decreased by 5.8% at €1,825 in 2022 in comparison with 2009, a survey by the Institute for Research on Consumer Goods Retailing (IELKA) showed.

-Greece hopes to raise more than €5 billion euros in 2024 from the sale of state assets, including a stake in Athens airport, Dimitris Politis, CEO of the Hellenic Republic Asset Development Fund-HRADF told Reuters.

SHIPPING

The ministries of Shipping & Island Policy and Digital Governance announced the first online platform dedicated to sailors https://mynaftilia.live.gov.gr

CULTURE

National broadcaster Athens-Macedonian News Agency (ANA-MPA) and ‘Study in Greece’, an agency to promote Greek higher education to college students abroad, signed a memorandum of understanding on Tuesday, aiming at the promotion of Greek universities, academic activities, study programs, and college education in Greece to students abroad, ANAMPA reported.