Greece issues fines of €610,000 for violations of market rules in a bid to crack down on deceptive practices, protect consumers and ensure fair competition.

The minister also revealed the re-establishment of the Government Council for Industry during a recent cabinet meeting.

The prime minister specifically referred to recent speculations regarding his government’s intention of imposing an extraordinary tax on banks, by dismissing any such prospect as unfounded.

In services, expectations declined (-0.9), reflecting deteriorating assessments of current demand, future demand forecasts, and evaluations of the current business situation

PPC has absorbed significant increases with a 68% discount on the base supply price.

The price of Freddo espresso is estimated to reach 4.10 euros or 4.70 euros.

The fine was for allegedly misleading consumers during sales in July 2024. Attica maintains that it was one technical error among its 30,000 products, which has since been rectified and is prepared to challenge the decision.

The seasonally adjusted unemployment rate in Greece dropped to 9.8% in October 2024, down from a revised 10.8% in October 2023 but up from a revised 9.4% in September 2024, according to data from ELSTAT. Employment and Unemployment Figures The number of employed individuals rose to 4,284,694, marking an increase of 67,723 (1.6%) compared to […]

A year earlier, in November 2023, inflation in Greece was recorded at 2.9%.

The news highlights increasing concerns about the stability of France's government and its ability to pass next year's budget, driving up 10-year borrowing costs.

President of Athens Trade Association, Stavros Kafounis, encouraged consumers to support local businesses that play a vital role in the economy

A public offer for the remaining 30% of TERNA Energy by Masdar is 'on deck'. Meanwhile, with its enhanced financial position, GEK TERNA will focus on infrastructure, concessions, waste management, hydropower projects, and even opportunities in Southeast Europe

Ordinary Greeks and businesses are dipping into their savings to manage the detrimental impact of rising costs, as the latest official data from the Bank of Greece (BoG) shows. The data revealed that private sector deposits were down by €2.258 billion in October 2024, a stark contrast to the €2.324 billion increase recorded in the […]

Goldman Sachs highlights Greece, Spain, and Portugal are outpacing other Eurozone members in growth in the post-COVID era.

The German bank highlights Greek banks are in the position to manage a possible cut in interest rates by the European Central Bank

Predictions estimate that there will be a big drop in the price of olive oil produced in Spain, not only at the producer but also on the shelf.

For apartments in major cities, price increases have so far remained below 11%, with even smaller gains for properties overall.

The digitalization of transactions and measures introduced by the Ministry of Finance, such as the imputed taxation of professionals, generated an additional 1.8 billion euros.

Fitch Ratings: Greece's ratings are supported by income per capita levels above and governance indicators in line with the 'BBB' median

In Greece, specifically, orange prices increased by 30.18% this Sept.