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Cost of living
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Workers lost almost 9 pct of real income last year, research shows The Greek economy’s debt legacy issues have been lasting despite some progress in the last few years and they were once again captured in the latest annual report published by the research arm of Greece’s largest union GSEE.
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PoliticsGreek Politics
Government dampens expectations for handouts in PM's speech In less than three weeks, Prime Minister Kyriakos Mitsotakis will attempt to set the tone for his government’s second term in office, when he delivers the keynote speech to mark the opening of this year’s Thessaloniki International Fair (TIF), but aides have started to dial down expectations that the address will be an opportunity for the PM to make significant economic pledges.
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PoliticsGreek Politics
Govt looks to tax bonanza for autumn handouts announcement The government appears confident that it has enough ammunition in the budget to announce another round of support measures, which it hopes will demonstrate that it is determined to tackle the ongoing cost-of-living crisis.
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EconomyMacroeconomy
Despite drop in input costs, rising agriculture output prices cause inflation concerns Food inflation is currently the most prominent challenge for households, and there was more worrying data on this front from ELSTAT on Friday in the form of the release for input and output price index in the agriculture and livestock sectors.
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PoliticsGreek Politics
Government focusses on cost of living with economy bill, push for lower ferry prices The government is continuing its legislative spurt before the summer break in August with the unveiling of its second bill, which covers the economic pledges it made during the election campaign and which attempts to address continuing concerns about the cost-of-living crisis in Greece.
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EconomyMacroeconomy
PBO sees normality returning, but inflation will have multifaceted effects The Parliamentary Budget Office (PBO) published its latest quarterly report on Tuesday in which progress is outlined along with challenges for the Greek economy as the government starts a new term under the spectre of inflation.
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Economy
Consumer scorecard finds Greeks struggling most in EU with cost of living crisis The European Commission published on Tuesday the annual consumer conditions scorecard for 2023, a report that captures consumer habits based on surveys that took place in October and November 2022.
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PoliticsGreek Politics
New Democracy pins hopes on minimum wage hike to reverse poll losses The New Democracy government has unveiled an inflation-busting minimum wage hike a day after the latest wave strikes and protests over the rail accident at Tempe brought towns and cities across the country to a standstill.
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PoliticsGreek Politics
PM hails uptake of food voucher scheme amid growing evidence of hardship New Democracy continues to roll out support measures in the run-up to spring elections, with the launch of the so-called “Market Pass” hailed by the prime minister as the latest in a string of government initiatives to tackle the cost-of-living crisis.
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Economy
Survey highlights households struggling with cost of living, delivers worst outlook since 2019 The effects of the cost-of-living crisis in Greece were summed up in another business association survey as the Hellenic Confederation of Professionals, Craftsmen, and Merchants (GSEVEE) published its latest household income and budget survey for 2022.