Greek Daily News 31/01/2024

ECONOMY

-The Overall Producer Price Index (PPI) in industry decreased by 6.6% in December 2023 on an annual basis, Greece’s Statistical Authority data showed (ELSTAT).

-Greece raised 4 billion euros on Tuesday from a 10-year bond, its first new bond since regaining investment grade, with investor orders exceeding 35 billion euros.

-The standard of living of vulnerable households has suffered a setback for the period 2021-2023, the interim report from the labor institute of the General Confederation of Greek Workers (GSEE) outlined. Inflation surged to 31.2% in food and non-alcoholic beverages while Increases in electricity, natural gas, and other fuels reached 39.1%.

SHIPPING

The handling of containers in Piraeus port appears to have decreased by approximately 30% compared to last year amid the ongoing crisis in the Red Sea, Kathimerini reported.

REAL ESTATE

There is an increased demand for holiday homes from foreign buyers in areas around the urban centers of Crete, Rhodes and Halkidiki, according to the latest analysis by Elxis-At Home in Greece.