Greek daily news

Greek Daily News 29/03/2024

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ECONOMY

-Last month private sector deposits were down by 1.068 billion euros, compared with a decrease of 5.238 billion in January, while corporate deposits decreased by 912 million euros, compared to a decrease of 3.167 billion euros in the previous month, according to the Bank of Greece (BoG).

-In 2022 Greek households witnessed a 6.3% hike in their health expenditures in 2022 while public healthcare expenditure increased by 5% to 10.881 billion euros, ELSTAT data revealed.

– Greece is among the cheaper hourly labor cost zones in the EU27, (23rd) with an hourly labor cost of 15.7 euros, Eurostat figures reveal.

-Italian banking group UniCredit expects a 1.3% economic growth in Greece this year and a slightly higher expansion of 1.7% in 2025.

-The Economic Sentiment Indicator (ESI) for small and very small businesses in Greece declined in the second half of 2023, standing at 63.9 units, according to an annual survey conducted by the Hellenic Confederation of Professionals, Craftsmen, and Merchants (GSEVEE).

REAL ESTATE

The number of properties listed for sale significantly outweighs those available for rent in areas with substantial housing inventory, data from Spitogatos.gr show. In central Athens, only 5,039 properties are listed for rent, compared to 32,268 properties that have been put up for sale. The same pattern can be observed in the northern city of Thessaloniki where 39,768 properties are available for sale compared to 8,893 properties for sale.

TOURISM

-In January 2024, the annual increase in travel receipts was 27% and visitors 16%, according to Bank of Greece data.

-The number of airplane seats planned for the March-October season for Greece has increased by 10.2% on an annual basis, figures from the Airdata Tracker of the Institute of the Greek Tourism Confederation (INSETE) showed.

-Geneva-based cruise line MSC Cruises will have six different ships calling to Greek shores making over 400 calls to nine different island and mainland destinations around the country in 2024, from as early as this month.