Greek daily news

Greek Daily News 27/11/2023

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ECONOMY

-A recent study conducted by Intrum shows that 56 percent of respondents in Greece said they’ve dipped into savings to pay monthly bills. Additionally, 79 percent of respondents surveyed said they may spend less during the coming holidays than previously.

-Greece lies fourth from bottom in terms of returns on term deposits of up to one year from households, with an average interest rate of 1.73%, while the corresponding average interest rate in the eurozone amounted to 3% in September, Kathimerini reported.

-The European Commission presented its proposal for a direct support measure worth 43.1 million euros for Greek farmers impacted by catastrophic fires, floods.

-Producers’ olive oil prices finally start to ease in Greece, amid lower demand and new harvest quantities, Oikonomikos Taxydromos reported. The latest transactions have wholesalers buying the oil from producers at 7.5 to 7.8 euros per kilo. Prices reached 9.2 euros per kilo last month.

SHIPPING

Lending linked to Environmental, Social and Governance (ESG) factors is gaining ground in the Greek shipping and banking community, Naftemporiki reported citing Theodoros (Ted) Petropoulos, head of Petrofin Research.

REAL ESTATE

Property auctions rose to a record 5,760 in 2022, the Hellenic Statistical Authority (ELSTAT) data showed. Real estate transactions also rose to 112,283, compared to 104,746 in the previous year.