Greek consumers mainly order clothes, shoes, but also ready-made food from the internet.
ECONOMY
Greeks work 41 hours a week, more than any other Europeans, but are paid less.
Achieving investment grade will improve Greece’s borrowing costs, Prime Minister Kyriakos Mitsotakis told Bloomberg TV on Friday, adding that the Greek economy has proved “particularly resilient.”
Greek tourism has set a new revenue record so far this year, according to official figures, while there is strong demand for travel to Greece during the fall, not only in October but also in November.
Prime Minister Kyriakos Mitsotakis met with investors, representatives of fund management companies and banks in New York on Thursday, according to government sources.
The implementation of the European Union-financed projects will be key in determining whether the Greek economy achieves its projected growth levels this and next year, central banker Yannis Stournaras stated on Wednesday.
The Greek government’s intervention in the short-term rental market was anticipated with great interest by three interested parties: small property owners who advertise them on platforms like Airbnb; hoteliers who complain about unfair competition in the tourism market; and ordinary citizens who are looking for a home and cannot afford today’s prices.
Greece’s central government budget recorded a primary surplus of 5.56 billion euros in the January-August period this year, from a deficit of €481 million in the corresponding period in 2022, the Bank of Greece said on Wednesday.
On August 2, South Africa’s ambassador to the BRICS said that the ragtag group’s 15th summit in Johannesburg would initiate “a tectonic change… in the global geopolitical architecture.”
As of January 1, 2024, private insurance will become mandatory for all businesses with an annual turnover of over 2 million euros.
Greece’s current account surplus fell by 135.2 million euros year-on-year to €827.5 million in July, the Bank of Greece said on Wednesday.
Big supermarkets in Greece will need to share with authorities their price lists for basic foods, the government said on Wednesday, in an effort to help households grappling with rising food costs.
Greece’s current account surplus fell by 135.2 million year-on-year to 827.5 million in July, the Bank of Greece said on Wednesday.
Emmanuel Cherry, CEO of an association of Ghanaian construction companies, sat in a cafe at the edge of Accra Children’s Park, near the derelict Ferris wheel and kiddie train, as he tallied up how much money government entities owe thousands of contractors.
The reinstatement of all statutory minimum salary increases due to seniority, the so-called “three years,” which have remained frozen since February 2012, will be state law by the end of the week.
The private debt-to-GDP ratio in Cyprus has shown a significant decrease from its peak at the end of the first quarter in 2015 to the end of March 2023, according to the latest data from the Central Bank of Cyprus.
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