Greece to Raise Minimum Wage in February

The Greek government will increase the minimum wage effective February 1st, according to Labor Minister Effie Achtsioglou. She announced the measure on Friday in...

Greece Among Few Countries To Raise Taxes Over Last Decade

According to new data published by the Organization for Economic Cooperation and Development (OECD) on Tuesday, Greece was among the nine countries out of...

Greece Seeing More Tourists — But They Spend Much Less

According to a study published on Tuesday by the Bank of Greece, tourism revenues, measured on a per capita basis, have declined in Greece...

Athens Hosts Huge Cannabis Exhibition

More than 150 cannabis exhibitors from Greece and abroad participated in the Athens Cannabis Expo 2019 held at the Tae Kwon Do stadium in...

Greek Unemployment Falls; Still Highest in Europe

The Greek unemployment rate fell slightly to 18.6 percent of the workforce in September 2018 from a level of 18.9 percent in August, Eurostat...

Sales Begin Amid Hopes for Higher Consumer Spending

The annual winter sales period for shops across Greece is expected to start this year on Monday, January 14, 2019. The special sales will run until...

Greece’s Private Sector Bank Deposits Drop for Second Month

Greece's private sector bank deposits dropped for two consecutive months, in October and November of 2018, according to data released by the central bank of Greece...

Low VAT Rates for Five Aegean Islands Extended Six Months

People who live on the five Greek islands which have been the most heavily burdened in dealing with the influx of migration for the...

Greece and Cyprus Top EU in Restaurant and Hotel Spending

Some surprising revelations emerged from the results of an EU study announced recently. The 2017 study, by Eurostat, the official statistical authority of the European...

Greece Lags Behind in Minimum Wage, Purchasing Power

Greece is close to the bottom among countries regarding the minimum wages earned by workers, and Greeks have little real purchasing power, according to data from Germany's Wirtschafts-und...

Post-Bailout Greeks Once Again Traveling Abroad for Christmas

According to data published by FedHATTA, the Federation of the Hellenic Associations of Tourist and Travel Agencies, the number of Greeks who choose a...

Greek Government Extends Low-VAT-Rate Period For Five Aegean Islands

Five Greek islands that have dealt with the brunt of migration inflows will keep their reduced VAT rate, Migration Policy Minister Dimitris Vitsas said...

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