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BUSINESS
-In January-May 2024, complaints to the Consumer Ombudsman grew by 43% on an annual basis. The trade sectors with the most complaints were the consumer goods sector (36.2%), the electronic communications and postal services sector (19.6%) and the energy and water supply sector (17.1%).
-The competent bodies of the companies of Greek utility PPC in Romania have decided to simplify the organizational structure of PPC Group in the country aiming at a more streamlined and efficient management, higher flexibility and faster provision of services.
SHIPPING
-The investment rally of the Greek shipping companies continues, Naftemporiki reported citing Xclusiv data. From the June 2024 order book, Greek “big names” have a significant presence in the Greek order book. Specifically, 20 out of 72 Greek companies (28%) have placed 384 out of a total of 531 orders (72%).
-In an attempt to control increasing ferry ticket hikes, the Ministry of Maritime Affairs and Insular Policy has called on the Hellenic Competition Commission to identify coastal shipping lines that proceed with unreasonable price changes.
REAL ESTATE
Property prices in Greece have increased 66.4% in just the past 7 years, according to reports at OT.gr. The Bank of Greece (BoG) expects them to keep rising in 2024, despite the fact that they far outweigh Greeks’ increases in income.
TOURISM
-Demand for short-term tourist rentals between July-September is growing, marking an 18% rise over a year ago, according to data released by AirDNA. Greece is among the Top 20 largest European markets attracting interest in Q3 2024.
-The Greek passport is 6th on the list of the world’s most powerful, granting visa-free travel to 190 countries, according to the 2024 Henley Passport Index released by Henley & Partners.
-The Mount Pelion steam tourist train will operate daily, starting Monday (July 1) AMNA reported. One of the world’s narrowest railway lines, the train comprises four wagons and is nicknamed “Moutzouris,” for the steam and smoke it once produced.
CULTURE
The Acropolis Museum in Athens inaugurated on Wednesday (June 26) a new innovative exhibition hall named ‘The Excavation Museum’, which will host 1,150 rare exhibits and artifacts from the residents of the ancient city. The hall is located at the archaeological site beneath the museum’s main building.
