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  1. No imminent decision on pension cuts as Athens moves ahead with minimum wage increase
    Photo via Fosphotos

    EconomyProgramme

    that will lead to the extension of the sectoral labour contract for hotel workers to cover all the employees in the field. The new contract is compulsory for all hotel employees and foresees a 1.5 percent rise... increase of 1.5 percent in 2019. According to reports, there are 114,000 workers in the hotel sector

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  2. Newsletter 244 -20/03/2020

    Newsletters

    countries in the curve. Thousands of businesses affected by Covid-19 Hotel industry reports coronavirus... (HCH) has released a survey showing the first estimations of the impact on Greece’s hotel industry due... will directly threaten 38,234 jobs, which represents 20.5 percent of total hotel employment unless immediate

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  3. Newsletter 253 -12/06/2020

    Newsletters

    sharp decline in hotel activity By activity, the accommodation index fell by 22.1 percent YoY in Q1, reflecting coronavirus-related hotel closures. The turnover index in accommodation and food services... by 22.1 percent YoY in Q1, led by coronavirus-related hotel closures, while the food service index

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  4. Tourism sector struggles as it prepares for full reopening in July
    Photo by MacroPolis

    PoliticsGreek Politics

    by the story of the 9-year-old daughter of an unemployed hotel worker in Rhodes apparently fainting... dependent on seasonal tourism. Commenting on the story on ERT TV, the president of the hotel... that up to 40,000 workers in hotel and catering on the island are unemployed, while just 15 percent

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  5. Q2 GDP rebounds by 0.9 pct QoQ on higher consumption and falling imports

    EconomyMacroeconomy

    liquidity. The YoY rate turned negative to -3.3 percent in Q2 after a double-digit rise of 13.9... as quarterly data related to the turnover indices for the service industries and labour force survey

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  6. New regime on electricity producers from RES/CHP stations foresees further investments in Greek energy market

    Legal

    targets, the new scheme adopts the requirements of section 3.3 of the EU “Guidelines for State aid...) stations - Provisions for legal and functional separation of supply and distribution industries

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  7. Growth in import prices slows to 21.3 pct in Oct
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    , and non-durable consumer goods at 7.8 percent. Capital goods were up by 3.3 percent and durable... products and extraction of oil and gas up by 4.5 percent. In terms of industries, energy led

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  8. Newsletter 381 - 19/05/2023

    Newsletters

    -nationalists Greek Solution end up with 3.3 percent. Around 9.7 percent of voters remain undecided... is leading the recovery in the labour market. Jobs in the accommodation and hospitality industries

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  9. Import prices fall sharply in May as energy drops by 40.5 pct

    EconomyMacroeconomy

    gas down by 7.7 percent. In terms of industries, energy dropped for the fifth time in a row with 40.5 percent, with the largest rise coming from non-durables with 3.3 percent, then durables by 3.2

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  10. Import price index up by 1.3 pct YoY in Mar for first rise in 13 months

    EconomyMacroeconomy

    . The monthly movements were led by tobacco up by 4.7 percent, extraction of oil and gas at 3.3 percent and refined oil products at 2 percent. In terms of industries, energy rose by 4.2 percent YoY, which

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