Greek daily news

Greek Daily News 19/06/2024

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ECONOMY

-Greece ranked eighth among the top ten countries attracting millionaires, according to the Henley Private Wealth Migration Report 2024. In 2023, approximately 1,100 millionaire foreigners relocated to Greece with another 1,200 expected to make the country home by the end of this year.

-From the first half of 2009 to the first half of 2024, the minimum wage in Greece fluctuated in a very small range from 701 to 780 euros (gross), according to an analysis conducted by the experts of the Labor Institute (INE) of GSEE and presented exclusively by “Naftemporiki.”

-Greece retains the capacity to service its debt, the European Commission said in its 4th post-program surveillance report released on Wednesday.

– ELSTAT’s 2023 Survey on Income and Living Conditions results showed that 6.5% of the total population experienced moderate or severe levels of food insecurity, whereas 1.4% of the total population experienced only severe levels of food insecurity.

-Greece competitiveness was up two positions in 2024 (ranking 47th among 67 countries, up from 49th in 2023) in the international competitiveness ranking published annually by the IMD business school.

-The Greek state proceeded with an auction for the re-opening of a 10-year bond issue with a fixed rate of 3.375%, and with maturity date of June 15, 2034. The Greek state was asking for 200 million euros and the offers submitted amounted to 727 million euros, with a coverage ratio of 3.64.

REAL ESTATE

The surge in foreign demand for vacation homes in Greece, especially in regions like southern Crete, western Greece, and the Ionian Islands, has significantly accelerated private construction activity, To Vima reported citing Elxis-At Home.

CULTURE

During February 2024 museums recorded a 22.4% increase in the number of visitors y-o-y, and a 29.7% increase in the number of free admission visitors, as well as an 11.1% increase in their receipts, ELSTAT data showed.

(Source: ELSTAT)

As regards archaeological sites, during the period under review, an increase of 44.1% was recorded in the number of visitors, of 59.5% in the number of free admission visitors and of 33.0% in the corresponding receipts.

-The National Theater will perform Aristophanes’ comedy at lesser-known ancient theaters over the summer, the Culture Ministry announced. The theaters in particular are as follows, with their general location in parentheses: The Ancient Theaters of Kabeirion (Thebes), Dimitrias (Volos), Maroneia (Evros), Mieza (Naoussa) Gitana (Filiates), Cassope (Preveza), Amvracia (Arta), Pleurona (Missolonghi), Aigeira, Gythio, Arcadian Orchomenos, Eretria (Evia), Orchomenos (Boeotia), Zea (Piraeus), and Thoricus (Lavrion).