July electricity rates in Greece: What applies per provider
Greek electricity providers announce July 2024 rates. PPC offers competitive fixed and variable tariffs while absorbing wholesale price increases for consumers.
Economy
Pension increases from €12 to €65 per month for 2.5 million retirees in 2026
Greek pension increases of €12-65 monthly for 2.5 million retirees in 2026, with 2.4% rate locked based on inflation and economic growth projections.
Plan to settle Swiss franc mortgage dispute: Greece to announce an out-of-court settlement
Greece proposes out-of-court settlement for Swiss franc mortgages affecting 50,000+ borrowers, offering 10-25% exchange rate discounts amid currency surge concerns.
Building rights preserved for over 90% of Greek settlements under 2,000 residents
Greece preserves building rights for 93% of small settlements under 2,000 residents with new urban planning regulation, protecting property owners and rural development.
Eurostat: Greece inflation rises to 3.6% while eurozone hits 2%
Greece inflation jumps to 3.6% in June while eurozone stabilizes at ECB’s 2% target, widening the gap and raising questions about monetary policy.
Greece introduces 13-hour workday and year-round four-day work week
Greece’s new labor bill introduces radical workplace changes including 13-hour workdays, year-round four-day work weeks, and flexible overtime policies.
Sweet treats turn bitter: Shrinking packages, soaring prices
Sweet treats become luxury items as ice cream, chocolate, and dessert prices soar while package sizes shrink, creating challenges for consumers and businesses.
Greece opens tax cut window from 3bn VAT gap closure benefits
Greece plans major tax cuts for workers from 2026 using 3bn euros gained from closing VAT gap through digital tools and reduced tax evasion.
Greece to raise retirement age limits after 2027: Life expectancy rises
Greece plans to raise retirement age limits by 1.5-2 years after 2027 as life expectancy increases, following OECD recommendations and demographic trends.
Alpha Bank completes AstroBank acquisition to become Cyprus’ third largest bank
Alpha Bank completes AstroBank acquisition for €205 million, positioning itself as Cyprus’ third largest bank with 5% EPS increase expected.
Kyriakos Pierrakakis: UniCredit’s investment is a resounding proof of confidence in the Greek economy
Greek Finance Minister welcomes UniCredit’s strategic investment in Alpha Bank as proof of renewed confidence in Greece’s economic recovery and stability.
Growing fears over Bank of Chania collapse and Stournaras’ concerns
Bank of Chania faces potential collapse as regulators sound alarm over missing 70 million euros, raising concerns for Greek financial stability.