The increase in food prices by more than 30% is just the beginning, according to the Greek Statistical Office (ELSTAT). The increase in food prices planned for July 1 will raise prices by at least another 10%. It is reported that the largest increase in prices was recorded for flour, sunflower oil, pasta, as well […]
“Dear Greece: the locals are out of time for the holidays,” is the headline of the RND (Redaktionsnetzwerk Deutschland) news network, which was published in several German newspapers. The publication begins with an example: “With a net monthly income of 1,800 euros, the family of Eleni and Georgios Kontogiorgis belongs to the middle class in […]
A further increase in prices for building materials in May this year was 11.4%, as there was an increase in prices for all sub-categories of materials, with “leading” electricity and diesel fuel. In particular, the prices have gone up: electricity (80.1%), POL diesel (37.6%), brick (21.7%), fittings (18.6%), copper cables (18.4%), plastic pipes (14.4%), parquet […]
The financial crisis, the covid pandemic, soaring inflation… It seems that time after time, fate is testing Greece’s strength in a series of global problems. Will she make it this time? The Euronews correspondent talked to representatives of different social groups, and this is what he managed to find out. The heroes of his reportage […]
The financial crisis, the covid pandemic, soaring inflation… It seems that time after time, fate is testing Greece’s strength in a series of global problems. Will she make it this time? The Euronews correspondent talked to representatives of different social groups, and this is what he managed to find out. The heroes of his reportage […]
Inflation in Greece is approaching 1993 levels, when the consumer price index rose by 12%, according to the latest official report. ELSTAT, which places the May CPI at 11.3%. Recall that in 1994 inflation was at the level of 10.7%. ECB: downgraded growth forecasts – sees further rise in inflation It is reported that the […]
Greece will have no food security or supply chain problems due to Russia’s war with Ukraine, two countries that are the world’s most important grain exporters, the agriculture and food development minister said on Monday. The increase in grain prices since the start of the Russian invasion has been “breaking” one record after another, and […]
Inflation in the US beats another record. On June 10, the retail trade index surpassed the already ominous analysts’ estimates, “rising” by 8.6% in May. Analysts had expected the index to rise to 8.3%. In the end, the announced news turned out to be much worse: inflation rose to 8.6%, the highest for the index […]
Greek stock market made a sharp drop of 865 points today, with Greek 10-year bond yields jumping to a 5-year high, reflecting the strong risk aversion of Greek assets. General index closed with a loss of 2.72% at 862.55 points, while the yield on Greek 10-year bonds reached 4.3% today. Turnover amounted to 83.56 million […]