Consumer Confidence Down in October: IOBE

Tourism remains a cornerstone of the Greek economy, a trend reinforced by OECD projections.

The Greek food safety authority (EFET) has ordered the recall of Kinder Mix 3D Pop-Up chocolates sold by Lidl Hellas due to unclear labeling of wheat flour, posing a gluten allergy risk for consumers with intolerance

European Commission’s Energy Commissioner emphasized that the project’s approval as a PCI confirms that its benefits outweigh its costs.

Greece has extended its Social Tourism program through June 2026, offering subsidized holidays, expanded stay durations, and increased funding for select regions, with updated benefits for both workers and unemployed beneficiaries

Agriculture Minister Konstantinos Tsiaras announced nearly €500 million in payments to farmers, along with a series of upcoming subsidies, compensation packages and energy support measures as the government seeks to ease pressure on the sector

Citizens living permanently abroad can obtain their number through Greek consulates, ensuring universal access to the new digital identity system.

The increase was driven largely by the services sector, where prices rose at an annual rate of 4.7%, compared with 2.8% a month earlier.

Farmers across Greece stage road blockades over unpaid subsidies, sending messages to the government while tensions rise with authorities and new protests are planned nationwide

A fast-spreading outbreak of sheep pox has led to mass culls across Greece, raising fears of future feta shortages and sparking criticism over the government’s handling of the crisis

In 2024, almost 10% of urban dwellers lived in households spending more than 40% of their income on housing — a burden most acute in Greece and Denmark.

Airbus apologized for the disruption and stressed that safety remains its top priority, saying it is working with airlines and regulators to resolve the issue.

The finance ministers of the euro area’s 20 member states will choose their next chair during their monthly meeting on December 11 in the Belgian capital.

JP Morgan estimates that Greece has recorded significant progress in fiscal consolidation since the financial crisis, noting the country’s economy is slightly “overpriced” in the context of its investment model

Before the emergence of the euro single currency gold coins, especially the UK sovereigns, were considered as a “hedge” against a depreciating local current (the drachma) and against inflation

Investment in Greece remains among the lowest in the EU, amounting to just 16% of GDP compared with the EU average of 21.2%

The government launched a €600 million support package, starting with a permanent €250 allowance for 1.4 million eligible beneficiaries, followed by additional payments—including rent refunds—later this week.

The travel balance shows that the average expenditure per trip fell by 7.8%, while inbound travel arrivals increased by 3.6%.

The procedure began in Nov. 2023 with a formal notice to Greece, followed by a reasoned opinion in July 2024, however, Greece still hasn’t aligned its laws.