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Huge rise in small debtors

Huge rise in small debtors Four out of seven (57.4%) state debtors have arrears that do not exceed 500 euros apiece, according to data from the Independent Authority for Public Revenue and the Parliamentary Budget Office. Worryingly, within a year state micro-debtors have increased by 692,413, to reach 2,427,795 taxpayers, figures reveal, which constitutes an […]

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Monkeypox cases in Greece rise to 72

Monkeypox cases in Greece rise to 72 A total of 72 laboratory-confirmed cases of monkeypox have been reported in Greece since the start of the outbreak according to a report by the National Organization for Public Health (EODY) on Thursday. Since the last update provided last week, there were three new recorded cases of the […]

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Ancient Greek Trireme Ships Enabled Rise of Athens as Great Power

Ancient Greek Trireme Ships Enabled Rise of Athens as Great Power A “Fleet” of Greek triremes is shown in a multiple image of the reconstructed ship “Olympias,” a faithful recreation of the Ancient Greek trireme which enabled the rise of Athens as a great power. Credit: EDSITEment-reconstructed /Perseus /Creative Commons Attribution-ShareAlike License;Project./Public Domain Few things on […]

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ATHEX: Moderate rise for local stock market

ATHEX: Moderate rise for local stock market Thursday’s session at the Greek stock market did not deliver the solid gains it seemed to be promising early on, but it did bring moderate growth for the majority of stocks as well as the benchmark of the bourse by the closing. This time banks were in the […]

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Eurostat: Greece reports EU-high 5% rise in flights in Aug. 2022, compared to same month in 2019

Eurostat: Greece reports EU-high 5% rise in flights in Aug. 2022, compared to same month in 2019 Greece posted a European “first-place” showing last month in terms of the number of commercial flights recorded by airports in the country, up by 5 percent compared to August 2019, the “banner year” for Greek tourism in the […]

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Total cases of monkeypox in Greece rise to 66

Total cases of monkeypox in Greece rise to 66 The total number of laboratory-confirmed cases of monkeypox in Greece rose to 66 according to a report released by the National Organization for Public Health (EODY) on Thursday. According to the report, all confirmed cases are men, aged 19-61, out of which 20 reported travelling abroad […]

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West Nile virus cases rise to 160

West Nile virus cases rise to 160 The National Organization for Public Health (EODY) announced a total of 160 confirmed cases of the West Nile virus and 14 virus-related deaths in Greece on Tuesday. A total of 98 cases displayed symptoms affecting their central nervous system (encephalitis, meningitis, and others) while 62 had mild symptoms […]

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Halloumi price to rise as PDO commodity

Halloumi price to rise as PDO commodity Cyprus’ Agriculture Minister Costas Kadis expressed his satisfaction last Friday with the production of local halloumi cheese as a product that has finally entered the Protected Designation of Origin (PDO) category. As of last Thursday, September 1, cheese factories and supermarkets in the Republic of Cyprus are obliged […]

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Egypt’s economic risks rise as Ukraine war and Covid fallout trigger perfect storm

Egypt’s economic risks rise as Ukraine war and Covid fallout trigger perfect storm For Egypt, and many other emerging markets (EM), a perfect storm has been aligning in recent times. Much of the current predicament lies in a combination of multiple adverse factors that are compounding the deteriorating global scenario. These include the post-Covid economic […]

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OPAP profit rises significantly in H1

OPAP profit rises significantly in H1 Betting company OPAP saw its second-quarter profit rise significantly, despite the uncertainty of high inflation, especially in energy prices.  Overall, first-half economic indicators were also significantly improved year-on-year, as last year was still affected by lockdowns. Thus, OPAP’s net profit for the first half of 2022 were €167.3 million […]

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The electricity subsidy shock

The electricity subsidy shock A significant rise in the price of electricity announced by state-controlled Public Power Corporation (PPC) for September forced the government to raise its electricity subsidy for September to 1.9 billion euros, from €1.1 billion in August. The subsidy level inevitably follows the PPC’s pricing policy, since it is the dominant player […]

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Minimum wage set to rise again in 2023

Minimum wage set to rise again in 2023 The government hopes to announce the new minimum wage by April 2023 and put it into effect in May, that is, prior to the next general election. The Labor Ministry officials plan to return the minimum wage to levels before the austerity programs imposed on Greece by […]

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Rise in energy prices leaves limited room for other types of support or tax cuts

Rise in energy prices leaves limited room for other types of support or tax cuts The continuing steep rise in the price of natural gas, which reached €290 per megawatt-hours on Monday, is a major obstacle to the government’s spending plans for the rest of the year and the start of the next one, which […]

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Jobless numbers in Greece rise in peak holiday season

Jobless numbers in Greece rise in peak holiday season The number of unemployed in Greece rose in July compared to June, despite the tourism season entering its peak period, data released by the Public Employment Agency show. In July, the registered unemployed actively seeking jobs stood at 948,930, 27,283 more than in June. Of those, […]

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Q2 2022 saw business turnover rise

Q2 2022 saw business turnover rise As expected, business turnover rose significantly in the second quarter of 2022 (April-May) as activity approached normal levels compared to last year. Total turnover for Greek businesses was €111.2 billion, up 39.3% on last year’s second quarter, according to data released Thursday by independent statistics authority ELSTAT. Tourist and […]

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Gas boosts imports from Russia

Gas boosts imports from Russia The steep rise in the price of natural gas has boosted the value of Greek imports from Russia despite the EU-wide sanctions slapped on that country following the attacks it launched on Ukraine on February 24. According to data published by Greek independent statistics authority ELSTAT, Russian exports to Greece […]

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Total cases of monkeypox in Greece rise to 50

Total cases of monkeypox in Greece rise to 50 The total number of laboratory-confirmed cases of monkeypox in Greece rose to 50 according to a report released by the National Organization for Public Health (EODY) on Thursday. According to the report, all confirmed cases are men, aged 19-59, out of which 16 reported travelling abroad […]

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Stocks rise, trade volume doubles

Stocks rise, trade volume doubles Greek stocks posted significant gains Tuesday on much higher trading volume, with banks leading the way, closing at their highest level since June 8. The general index ended up 1.65% at 893.23 points. Turnover came to €81.16 million, about double that recorded in recent weeks, on 45,215,211 shares traded.  Blue […]

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Temperature rising again

Temperature rising again Temperatures are set to rise again on Wednesday across almost the entire country, reaching up to 38 degrees Celsius in Attica. According to the National Observatory of Athens, the temperature in Western Macedonia will hit a high of 33 degrees, and in the rest of northern Greece 36-37C.  It will rise to […]

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Police note rise in undocumented migrants and traffickers

Police note rise in undocumented migrants and traffickers The number of undocumented migrants entering the country, as well as the number of human traffickers arrested in Greece, rose sharply from May to July compared to the same period in 2021, police said on Tuesday. In releasing statistics on the first seven months of the year, […]

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EU greenhouse gas emissions on the rise, but still below pre-pandemic level

EU greenhouse gas emissions on the rise, but still below pre-pandemic level Greenhouse gas emissions across the European Union rose in the first quarter from a year earlier, but remained just below pre-pandemic levels, the bloc’s statistics office said on Tuesday. Eurostat said greenhouse gas emissions from businesses, households and government activities amounted to 1,029 […]

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Private jet flights are on the rise

Private jet flights are on the rise An increasing number of travelers arrive at and depart from Greek airports in private jets, according to data collected by Fraport Greece, the company managing the country’s 14 largest regional airports. The private jet traffic to and from the regional airports, as well as Athens International Airport, has […]

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Inflation a bit lower inJuly, at 11.6%

Inflation a bit lower inJuly, at 11.6% After several months of continuous rise, annual inflation dropped slightly in July, to 11.6% from 12.1% in June, independent statistics authority ELSTAT announced Monday. The drop was due to a slight decline in energy and electricity prices, as well as the fact that inflation started its upward trajectory […]

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Pharmathen posts rise in drug profits

Pharmathen posts rise in drug profits Pharmaceuticals firm Pharmathen saw turnover rise 2% in 2021, to €232.4 million, from €227.2 million, mainly through higher sales volume. Profits before tax, interest and asset depreciation rose 4.2%, to €63.2 million and net after-tax profit 16% to €38 million. Last year also saw the sale of the company […]

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Stocks rise 1.31%, but on low volume

Stocks rise 1.31%, but on low volume Stock Exchange rebounded Monday, amid a positive climate in European markets, without making up for all of Friday’s losses, which analysts mostly attributed to a still developing political scandal over wiretapping incidents involving Socialist leader Nikos Androulakis and a journalist. The general index rose 1.31% to close at […]

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Reported cases of West Nile virus rise to 25

Reported cases of West Nile virus rise to 25 Confirmed cases of the West Nile virus has risen to 25 in Greece, according to this week’s report by the National Health Organization (EODY). Of these, 19 developed illnesses affecting the central nervous system such as encephalitis or meningitis and six had mild manifestations (eg febrile […]

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Greek credit card payments rise 32.1% in Q2

Greek credit card payments rise 32.1% in Q2 Credit card payments rose 32.1% in the second quarter, to 14.7 billion euros, compared to the same period last year, confirming a trend among Greek consumers, since electronic payment growth outpaced the overall consumption growth. Some of the rise can be attributed to the explosive growth in […]

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ATHEX: Bourse index posts 5 pct rise in July

ATHEX: Bourse index posts 5 pct rise in July Greek stocks upped a gear on Friday, recording notable gains on relatively increased turnover, to take the Athinon Avenue benchmark above the 850-point mark and end the month with a rise of 5.01%, the highest monthly growth for the main index since April 2021. That has […]

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Confirmed monkeypox cases rise to 32

Confirmed monkeypox cases rise to 32 The National Public Health Organization (EODY) on Thursday reported that the total number of confirmed monkeypox cases in the country has risen to 32 from 20 a week earlier. All of the cases concern men, whose average age is 38 years old, and they have all recovered or are […]

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Construction materials see prices rise by 11.6%

Construction materials see prices rise by 11.6% Construction material prices remained at high levels in June, as the general price index of construction materials for new residential buildings showed an increase of 11.6% compared to the same month last year, the Hellenic Statistical Authority (ELSTAT) reported on Tuesday. The corresponding increase in June 2021 compared […]

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