Category: Economics > Macro-economics

27% cheaper could be 41 standard products sold in supermarkets, according to a TTE study. In this study of the Bank of Greece, differences in price levels between Greece and the euro area are analysed in 41 categories of branded standard supermarket products based on the estimates of Dixon et al. (2023), which find that…

The new measures announced by the government about it are stunted between its protection from one another and the free functioning of the electricity market on the other. The government has made it clear that it does not want to give the impression that it allows behaviours of asymptism or obscene gain to harm consumers,…

Particularly dynamic and durable seems to be their home and international level in the mid-2024s. According to what Sotheby’s new research says while the economic and political landscape changes, the luxury sector continues to prosper. At the same time, new trends are being created in the market for luxury houses, which gradually come to our…

In cutting the cost of the National Plan for and the (ESEK) by 30% by 2030 the government aims through its revision. The final draft is to be presented for consultation within the days so that it is subsequently definitively submitted to the Commission. On the occasion of the meeting of the Energy Ministers in…

In the government’s doings and the effectiveness of the new tax framework, the Minister of Finance referred to the “7th InvestGR Forum 2024: Charting the Future”, saying that there were few free professionals who questioned him. In particular, Mr. Hatzidakis pointed out that only 3 to the freelancers went into question the income tax imposed…

The government’s aim in strengthening Greece’s attractiveness to foreign investment was highlighted today (17.7.2024) by the Minister of Development, at the annual Forum “7th InvestGR Forum: Foreign Investments in Greece”. In his speech Mr.Theodorikos said, among other things, that the results of the 2024 EY research are encouraging and that our country is on the…

The Greek economy recorded 2.95 billion euros in the first half of 2024, according to its data. TTE reports that in January-June 2024, the primary cash result of the central administration was €2.95 billion from 1.51 billion in the first half of 2023. In addition, the central government’s cash flow showed a deficit of 1.558…

At the lowest level in the last three years, inflation declined in Greece in June 2024, according to the data it announced today (17.7.2024). The consumer price index in food was set at 1%, Eurostat says, which is the lowest since May 2021 when the economy was still moving in a deflation environment under the…

An increase of 11.4% in Greece as a whole in the first half of 2024 compared to last year, where commercial flights are conducted (39 airports: 24 EPA, 14 FRAPORT GREECE, AIA). In particular, as shown by the elements of the Civil Aviation Service, all passengers at airports in January – June 2024 reached 30,594,981,…

Large investment interest appeared in the current (17.7.2024) of the five-year Greek State. The offers exceeded more than 3.5 times the amount of the auction (250m euros) and the performance of the 5-year bond was set at 2.81%. More specifically, as announced by the Public Debt Management Agency (DODIX) during the reissue of 3,875% Greek…

Following Prime Minister Kyriakos Mitsotakis’ pre-announcement for the accounts in August, due to the price launch, Energy Minister Theodoros Skylakis is currently specifying (17.7.2024) the measures to be taken. The subsidy to electricity bills will be financed through an extraordinary tax on the surplus profits that electricity producers will have from natural gas in July…

Following Prime Minister Kyriakos Mitsotakis’ pre-announcement of the accounts in August, due to the price launch, Energy Minister Theodoros Skylakis specified the measures to be taken. The subsidy to electricity bills will be financed through an extraordinary tax on the surplus profits that electricity producers will have from natural gas in July and August. View…

Today (17.7.2024) the Greek State is to go out on the markets with 5 years . According to the announcement of the Public Debt Management Agency (DEDIX), an auction will be held for the reissue of Greek government bonds, a fixed interest rate of 3,875%, ending 12 March 2029, in intangible form. The purpose of…

A new report by the EU Research Centre sheds light on the phenomenon of energy poverty and on who European citizens found them harder in the years 2022-2023. As is likely expected, Greece is near the top of the relevant diagram, which counts two different indicators: On the vertical axis are the percentage of citizens…

In the final line it appears to be entering for the auction of damage recovery projects in the EUR 1.4 billion road and rail network caused by last year’s bad weather (Daniel). The procedures that will “lock” the necessary funding to repair damage in Thessaly are reportedly advanced by the Ministry of National Economy and…

To draw 250m euros on Wednesday, July 17th, the Public Debt Management Agency ( ) on behalf of the Greek State, coming out on the markets with a fixed rate reissue of 3,875%, ending March 12, 2029. The purpose of the reissue of the bond is to meet investment demand in the markets and at…

In the problems that have been troubling it, it refers to an update of the Ministry of Finance, while explaining how the industry has reached the Special Management regime and all the government’s efforts to provide a fair solution for all parties involved. The Ministry of Finance even recalls that LARCO was put into Special…

The acceleration of tourism activity, brought boosted in May, the Greek Statistical Authority (ELSTAT) announced. In particular, for all companies in the economy with an obligation to keep bibliographic books, turnover in May 2024 amounted to 30,839. 136,000 euros, an increase of 1.5% compared to May 2023, which had reached 30,395. 338,000 euros. In fact,…

A slight increase in demand for loans from small and medium-sized enterprises is expected in the third quarter of 2024, while due to pressure from competition, the margin of banks for ordinary loans was reduced , as reported in the findings of the Bank lending survey for the second quarter of 2024 carried out by…

A slight increase in demand for loans from small and medium-sized enterprises is expected in the third quarter of 2024, while due to pressure from competition, the margin of banks for ordinary loans was reduced , as reported in the findings of the Bank lending survey for the second quarter of 2024 carried out by…