Across the European Union, annual inflation reached 3.4% in December 2023, rising from 3.1% in November marking a significant decrease from the 10.4% recorded one year earlier

Tourism flows and Greeks' "social drinking" habits led to robust results in 2023, which are expected to continue in 2024

In 2023, the 14 airports managed by Fraport Greece recorded 26,535,378 international arrivals compared to 24,920,400 in 2022 and 23,247,951 in 2019.

Hatzidakis proposed energy interconnection between Europe and eastern Mediterranean countries like Egypt and Israel, adding that apart from strengthening energy security and stability in the region this would also serve the EU’s geopolitical interests.

However, the Commission warned about the need for balance, emphasizing that substantial wage hikes, without parallel productivity gains, could adversely impact competitiveness across Europe

The tender will be for projects of around 200MW that are at a mature phase and have already received connection rights to the grid

A five-liter can rose, on average, from 58 euros to 65 euros over the same period.

Net tax revenues including rebates recorded an increase of €337 million for the twelve months, exceeding the set targets. This rise was mainly attributed to the revenues in November but was offset by an increase in payments by the Public Investment Program by €362 million compared to the targets.

The Greek economy is facing 8 chronic "ailments" fuelling inflation which can be distilled to a mix of Greed for profits by businesses “Greedflation”, dependence on domestic production and consumption on imports, the pandemic, the energy and climate crisis, along with low wages

Revenues have fallen over the last two years for Greek ski resorts due to warm weather, highlighting the need for action amidst climate change. Following an exceptional 2020-2021 season with heavy snowfall, subsequent warm years have posed challenges. In the current 2023-2024 season, none of the country’s 24 ski resorts have opened for business so […]

The airport accounts for approximately 35% of the country's total air traffic, serving over 28 million passengers in 2023

According to the Numbeo online platform, a liter of milk in Amsterdam costs 1.18 euros, while in Athens, it is 1.63 euros

Petrol and hybrid vehicles led car sales in Greece in 2023, with last year’s months-long delivery delays now mostly a thing of the past. Specifically, 134,514 new vehicles hit Greek roads over the year, a 27.8% increase compared to 2022, when 105,283 new sales were recorded. The last month of the old year witnessed 8,287 […]

Consumers in Greece are paying nearly five times more for essential food items than shoppers in other European countries, according to the latest Eurostat figures. Despite the Greek government imposing hefty fines on price gouging and placing a profit ceiling on certain items, supermarket prices continue to rise unabated, with producers and wholesalers citing surging […]

Despite the governments efforts which for some its not enough the high super market prices still burden consumers

Catch up on the most important events in Greece from the day before with To Vima English Edition's News Wrap-up

The import price index in Greece’s industrial sector fell by 8.6% in November 2023 compared with the corresponding month last year, after rising by 15.7% over the November 2021 to November 2022 period, the country’s statistics authority (EL.STAT) announced on Friday. EL.STAT attributed the development to “imported inflation” as well as an 11.6% decrease in […]

De-investment in Greece’s four systemic banks by the Hellenic Financial Stability Fund (HFSF) through public offerings and greater prospects by the local banking sector in financing “real economy” needs was also discussed

This data confirms recent figures released by the European Statistical Authority (Eurostat), according to which inflation saw a spike in both Greece and the Eurozone as a whole in December

An aging population and economic constraints contribute to a strained Greek National Healthcare System (ESY), appearing insufficient in meeting the demands of the times