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Athens takes plunge on gas exploration, sees hope in Israel-Lebanon deal
PoliticsForeign Policyand the island of Crete. "We want to make an opening with Libya as a whole, so that we can finally... located in the area between Greece and Libya," Mitsotakis said in an interview with ANT-1 TV, last Monday. It appears that Athens has decided to begin surveys in response to the recent Turkish-Libya
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Crumbling Greek pension system threatens big fiscal gap, budget derailment
Economycost for OAEE would rise by 296 million per year, which is an increase of 9.5 percent on the current... and supplementary pension cost that was 326 higher million due to the non-implementation of the zero deficit...) for May, IKA grants a total of 1.22 million pensions with a monthly cost of 865 million euros
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Greek banks on cusp of improved liquidity conditions
Agorafunding cost stands at 150 basis points (bps) higher than that of ECB funding. This means the positive..., banks would benefit by an additional NII amount of 14 million euros per year on top... in the TLTRO-II operation, they would have access liquidity at a cost of -40 bps versus zero cost for ECB
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Manufacturing wage cuts were turned into profit, GSEE study claims
EconomyFeaturesin the manufacturing sector, where the cost of production fell by 37.5 percent per unit. This is in part... based on cost of labour was said to have increased by 56 percent in six years, while staying more... to have done, the manufacturing sector turned them into profits. The cost margins appear to grow further
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Govt mulls Easter bonus as cost-of-living crisis causes public concern
PoliticsGreek Politicswith rising public dissatisfaction about the cost of living, have sent the government scrambling once... income, following the model applied for the Christmas benefit. Polls have been showing that cost
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Digital initiatives challenged by opposition focussed on cost of living and political hires
PoliticsGreek Politicsfor a secure digital ID was cancelled in 2019 while the cost has been revised upwards to 515 million euros... proved particularly effective with centrist voters. Poverty risk The cost-of-living crisis remains
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Govt brings energy saving to forefront as cost of support set to skyrocket
PoliticsGreek Politicsmeasures to moderate the cost of support measures. Benchmark natural gas prices soared by 30 pct... is understood to be reconsidering the mix of national measures in light of the spiralling cost
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Government initiative on supermarket prices reignites cost-of-living row
PoliticsGreek PoliticsThe latest government response to the cost-of-living crisis has been met with scepticism by opposition parties, as evidence suggests Greeks are paying more for basic goods than their European peers... in the opposition party say the aim is to form a movement against the high cost of living with a demand
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Vulnerable households allocated 60 pct of income for housing even before cost-of-living crisis
EconomyThe struggles of Greek households, particularly those considered vulnerable, in coping with the cost-of-living crisis were captured in the latest housing overburden data published by Eurostat... is growing by more than 15 percent, more than two times the 7 percent headline number. As the cost
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Survey highlights households struggling with cost of living, delivers worst outlook since 2019
EconomyThe 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.... Household budgets were forcibly adjusted by the cost-of-living, with almost 40 pct saying that they had
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