ELSTAT: Producer Price Index in Industry down 6.6% y-o-y
Greece’s Overall PPI in industry decreased 7.1% y-o-y January-December 2023, against a 35% y-o-y increase posted January-December 2022
Greece’s Overall PPI in industry decreased 7.1% y-o-y January-December 2023, against a 35% y-o-y increase posted January-December 2022

According to the data, Greeks rank last in per capita income purchasing power, coupled with the sixth-highest indirect tax burden in the European Union

In an interesting contrast, Sweden, Austria, Denmark, Finland, and Italy lack national minimum wages but establish them through collective agreements

In the report, the IMF is also raising some concerns about the Greek banking system, urging Greek authorities to take measures

Deposits placed by the general government in In December 2023 decreased by 1.060 billion euros, compared with a decrease of 27 million euros in the previous month
The US State Department late Friday notified Congress of the Biden administration’s intent to sell the 5th Generation warplanes to the country, along with new F-16s and modernization kits to Turkey
Hatzidakis notes a significant increase in recorded transactions with professionals having gone up by 300% compared to 2022.
The squeeze on household spending means Greeks are only reaching into their pockets for absolute necessities and low cost items
The plan was announced last week but must still get support from the European Council and pass through the European Parliament
All three share a common element, they are products of illegal excavations trafficked by antiquities smugglers before ending up in the Carlos Museum
Waiting time has already been reduced by 40-45% just through basic housekeeping actions
Citizens’ complaints about tax evasion and customs violations have increased sharply and total 158,939
The possibility of employment is extended to the sixth day of the week in businesses operating continuously, implementing a five-day work system with alternating shifts, with additional work compensated at a 40% increase.
The junior officer was serving aboard the Marshall Islands-flagged St. Nikolas when it was boarded by Iranian military personnel and diverted to an Iranian port
During Thursday and Friday, the Prime Minister will engage in discussions with top executives from major technology and energy companies, who have expressed keen interest in potential investment opportunities in Greece
In 2023, the 14 airports managed by Fraport Greece recorded 26,535,378 international arrivals compared to 24,920,400 in 2022 and 23,247,951 in 2019
However, the Commission warned about the need for balance, emphasizing that substantial wage hikes, without parallel productivity gains, could adversely impact competitiveness across Europe
The specific study was composed last autumn by the Athens-based Demokritos National Research Center and serves as the first strategic foresight for the use of generative AI in Greece, according to its authors
The 130,000-car threshold had not been reached since 2010, the year that saw Greece propelled into a punishing economic crisis and financial downturn.
An aging population and economic constraints contribute to a strained Greek National Healthcare System (ESY), appearing insufficient in meeting the demands of the times
The trend is reinforced by the positive reviews given by visitors to accommodations, especially in areas like Polygono, the First Cemetery of Athens vicinity, Hellenorossi, and Zappeion
Country in ‘top 4’ worldwide, along with Japan, Germany and Israel
However, supermarkets and department stores saw a decline in EBITDA profits by 9.06% to a 613.3 million euros in 2022 compared to 674.5 million euros in 2021, as this sector had experienced unprecedented profits during the pandemic period of 2020-2021
Furthermore, the “household baskets” that the government invented to supposedly check market prices have not been effective in controlling revaluations.
New Democracy (ND) holds a commanding lead against its poltical rivals, according to a survey conducted by Alco pollsters on behalf of Greek TV station “Alpha”.
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