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News
War in the Persian Gulf Leaves Greece Facing a €2.5 Billion Bill
10+ hour, 55+ min ago (1059+ words) Government spokesman Pavlos Marinakis says fuel support will continue as long as fiscal room allows, with power prices below the EU average The war in the Persian Gulf has already imposed an estimated €2.5 billion cost on the Greek economy—equivalent…...
Greece’s Unemployment Rate Edges Up to 8% in June
2+ day, 7+ hour ago (427+ words) The report said young women continued to face a greater risk of being out of work, education or training than men Greece’s seasonally adjusted unemployment rate stood at 8% in June 2026, marking a significant improvement from the 9.2% recorded in the same…...
Greek Government Targets Fuel Prices and Household Costs
4+ day, 10+ hour ago (574+ words) Greek manufacturers are facing pressure over planned price reductions on essential goods as rising oil costs and energy uncertainty create new challenges ahead of the September measures. The Greek government has announced a package of measures aimed at easing the…...
Greeks Most Pessimistic in Eurozone on Inflation, Growth, ECB Says
6+ day, 2+ hour ago (344+ words) Eurozone consumers grew slightly less pessimistic in June compared with May, but remain cautious about spending and concerned about the economic outlook, according to the European Central Bank‘s monthly consumer expectations survey published July 24. Inflation expectations for the next…...
Rising Prices Remain Top Concern for Greek Households
1+ week, 1+ day ago (437+ words) The government also aims for a 1,500 euro average private sector wage, though real incomes remain under pressure Rising prices continue to be the biggest concern for Greek households, with more than eight in 10 people saying the cost of living remains…...
EU Fuel Prices Well Over 2025 Levels Despite Monthly Drop
1+ week, 2+ day ago (318+ words) Fuel prices across the European Union remained significantly higher than a year earlier in June, despite easing from the previous month, according to data released by Eurostat on Tuesday. Prices for fuels and lubricants used in personal transport rose 13.7% year-on-year…...
Middle East War Complicates New Price Cut Plan in Greece
1+ week, 2+ day ago (469+ words) Mykonos, Paros and Halkidiki rank among Greece's most expensive second-home markets, as strong international demand continues to drive interest in premium coastal properties despite limited supply A new round of price reductions on basic consumer goods in Greece is facing…...
Greece Targets 950 Euro Minimum Wage for 2027
2+ week, 1+ day ago (594+ words) A Deutsche Bank study finds the capital ranks near the bottom for livability despite rising costs The government’s target for 2027 is a 950 euro gross minimum wage (up from 920 euros gross) and a 1,500 euro average gross wage in the private sector,…...
Greek Inflation Hits 3.9% in June, Eurozone at 2.8%
4+ week, 2+ day ago (420+ words) The central bank's Monetary Policy Report 2026 forecasts steady growth and gradually easing inflation through 2028, with stronger gains possible should a durable Middle East truce push energy prices lower. The Greek inflation rate came in at 3.9% in June, down from 4.9% in…...
Fuel Price Cuts Take Effect Across Greece
2+ week, 3+ day ago (364+ words) Mitsotakis announced a fuel price cut of 10 cents a liter on gasoline and 5 cents on diesel through August, funded with help from Greece's two refineries, plus a restored cap on supermarket profit margins Fuel price reductions came into effect across…...