News
Political instability may put reforms at risk
1+ hour, 25+ min ago (243+ words) Against the backdrop of an already difficult geopolitical landscape, a possible failure to form a single-party government in the next election is emerging as an additional risk for the prospects of the Greek economy. “Potential political instability is the greatest…...
Retail price pact targets essentials
12+ hour, 59+ min ago (332+ words) Greece’s Independent Authority for Market Control and Consumer Protection has set out the rules for a voluntary price-reduction initiative agreed between the government, industry and supermarket chains, requiring participating companies to include products with strong consumer demand and maintain reduced…...
Climate crisis impacts consumption habits
3+ day, 12+ hour ago (184+ words) Approximately 70% of households in Greece have at least one air conditioner, with the country consuming 11,900 terajoules for cooling buildings in 2024, up from 5,850 TJ in 2018, according to data published by Eurostat a few days ago. This means that 7.4% of the energy…...
Price cuts in 30 categories from August 31
1+ week, 1+ hour ago (322+ words) eKathimerini.com The Development Ministry has set August 31 as the target date for the implementation of the second part of the "gentlemen's agreement" between the government and retailers on curbing prices Under the deal, retailers will introduce price reductions in…...
Five NATO members seen to spend over 3.5% of GDP on core defense this year, alliance estimates show
1+ week, 2+ day ago (291+ words) Five NATO members are projected to meet the alliance’s goal of spending 3.5% of gross domestic product on core defense already in 2026, according to updated NATO data published on Tuesday ahead of a leaders’ summit in Ankara, which also showed some…...
Unemployment eases further, to 8.1% in May
2+ week, 1+ day ago (222+ words) The seasonally adjusted unemployment rate in May stood at 8.1%. That compares to the upward revised 8.7% in May 2025, and the downward revised 9.1% in April 2026. The figures, released Wednesday, are from the Labor Force Survey released by the Hellenic Statistical Authority (ELSTAT)....
Central bank governor endorses loan restructuring legislation
2+ week, 3+ day ago (70+ words) eKathimerini.com Bank of Greece Governor Yannis Stournaras endorsed government legislation mandating the universal application of a recent Supreme Court ruling on loans restructured under the so-called Katseli Law. He described the measure as necessary to reduce legal uncertainty, saying…...
Sharing the economic prosperity
2+ week, 5+ day ago (281+ words) eKathimerini.com The course of the Greek economy can be assessed from different perspectives Most useful indicators refer to the grand total or the averages Fiscally, state coffers are performing in a way that allows for smooth debt servicing Macroeconomically,…...
Cyprus stays in EU’s top economies
3+ week, 6+ day ago (169+ words) eKathimerini.com Cyprus remains one of the European Unionâs strongest-performing economies despite a challenging international economic environment marked by geopolitical uncertainty and external shocks, the countryâs finance minister, Makis Keravnos, said on Thursday Addressing the 65th Annual General Meeting…...
Inflation outlook worsens on energy shock, Bank of Greece warns
1+ mon, 2+ day ago (151+ words) eKathimerini.com Inflationary pressure on the Greek economy is expected to intensify, driven mainly by rising energy prices, according to the latest inflation report by the Bank of Greece The central bank forecasts that Greeceâs General Consumer Price Index…...