Greek daily news

Greek Daily News 15/04/2024

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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 government, data by the Hellenic Statistical Authority ELSTAT showed.

-Incomes totaling around 1 billion euros were hidden by 1,048 taxpayers and businesses but were revealed by the audits carried out in 2023 by the Independent Authority for Public Revenue (AADE), Kathimerini reported.

-Data from the Greek Workforce Monitoring System (ERGANI) reveal that 24,543 new positions opened in February 2024. This increase in employment comes as a positive contrast to the 31,997 fewer job positions available the month before.

-The total contribution of the tourism sector to Greece’s economy in 2023 is estimated to range between 62.8 billion and 75.6 billion euros, corresponding to between 28.5% and 34.3% of GDP, according to a study titled “The Contribution of Tourism to the Greek Economy in 2023” by the Institute of the Hellenic Tourism Business Association (INSETE).

-Food to go is identified as one of the top trends for 2024 in the grocery sector by management consultancy firm McKinsey.

-The European Investment Bank (EIB) is lending Greece 220 million euros to help protect it against floods and wildfires, the EU’s lender said on Friday.

TOURISM

-The cruise ship Sun Princess operated by American cruise line Princess Cruises, has notified its guests that it will not be making a stop at the Cycladic island of Santorini on upcoming voyages due to congestion issues.

Santorini
South Aegean Region (Credit: nioras81 on Pixabay)

-Passenger traffic at Athens International Airport (AIA) during the first quarter of 2024 totaled at 5,215 million, up 16.5% on an annual basis, while the number of flights amounted to 46,334, up 12.8%, arrival data from Athens International Airport (AIA) showed.