The Greek Premier stated the new system would prohibit any reduction of the minimum wage by law.

In Europe’s common monetary bloc, the Eurozone, the consumer price index settled at 2% from 1.7% the previous month

For the first time, the adjustment system will include employees from the public sector, leading to a corresponding increase in their minimum wage

The bond loan agreement was signed last week with local Alpha Bank; AIA also reports higher passenger traffic, profits

Meanwhile, Greece has announced an early repayment of the Greek Loan Facility, aiming to reduce public debt by the end of the year.

Fitch is expected to release its evaluation of the Greek economy on Nov. 22, with a possible scenario being an upgrade of the economy from “stable” to “positive”

Greece's pension and social security system has been so bureaucratic and complex that some citizens hire consultants simply to understand their work credits and benefits.

As a report by ENYPEKK notes, self-employed professionals in Greece are under severe financial burden due to imputed taxation and yearly hikes in social security contributions

Alpha Bank underlines that despite these drawbacks, the construction building sector has shown positive performance since the beginning of the year, maintaining the growth trajectory of recent years.

The new era for Greece’s tax authority includes smart technologies including AI that will help simplify procedures and audits.

Cumulative exports during this timeframe reached 137.2 billion euros, up by 3% from 2023 levels, while imports rose by 2% to 97.5 billion euros.

He also stressed that his government is in an ongoing “fight” against tax evasion, emphasizing that “As tax evasion decreases, we will proceed with further tax reductions.

The incident in Florina reveals systemic flaws in Greece's existing protection measures for its tourists.

The Minister of National economy and Finance, Kostis Hatzidakis, highlighted that the IRIS system is a priority, stating that 3.3 million IBANs are already connected with IRIS.

Black Friday, traditionally the fourth Friday in November following the U.S. Thanksgiving holiday (November 28), will fall on Friday, November 29, 2024.

Once at risk of default, Greece has made notable progress in debt reduction over the past few years

The Greek delegation included Council of Economic Experts president Michael G. Arghyrou​ and Public Debt Management Agency Director General Dimitris Tsakonas

According to recent data from the Hellenic Statistical Authority (ELSTAT), the General Index of Construction Material Prices for New Residential Buildings rose by 5.5%.

Finance Minister Kostis Hatzidakis told Reuters Greece needs to focus on fiscal prudence, and that the country had to learn from past mistakes.

Major issues that are expected to intensify if not addressed, include the high current account deficit, the substantial investment gap, low productivity, and the question of long-term growth.