Greek Minister of National Economy and Finance Kyriakos Pierrakakis declared that his election as president…
Tag: Economic policy
Thousands of Turks now drive to Greece monthly to buy groceries at a fraction of home prices, with olive oil costing half as much in Alexandroupolis supermarkets.
The Greek Cabinet will meet today Wednesday, October 29, at the Maximos Mansion under the…
Greece has approved sweeping pay increases for military conscripts, with some categories set to receive…
After a banner year in 2024, Greece’s Golden Visa applications plummeted 47% in early 2025, hitting both new requests and renewals. Chinese buyers dominate, but critics warn of rising housing costs amid economic boosts.
As inflation concerns loom, the Greek Ministry of Development is set to extend a regulation preventing companies from marketing price reductions as “special offers” after price hikes, potentially making it permanent. Aiming to ease consumer burdens, the Ministry is also highlighting 1,000 essential products with recent price drops to encourage further reductions. Minister Takis Theodorikakos has urged supermarkets to revive last year’s successful discount program, though retailers insist suppliers must lead the effort. Despite challenges from a new Code of Conduct, August data shows near-zero supermarket inflation, except for globally-driven price rises in cocoa, coffee, and meat.
Prime Minister Kyriakos Mitsotakis announced twelve new measures to reduce bureaucracy and improve Greece’s business environment, emphasizing inter-ministerial cooperation and immediate implementation to support economic growth.
Greek Prime Minister Kyriakos Mitsotakis was honoured at the Economic Council Germany Conference for his government’s role in Greece’s economic recovery. Accepting the award, he credited the Greek people for their resilience and embrace of reform, highlighting job creation, improved fiscal performance, and efforts to combat tax evasion.
Greek Prime Minister Kyriakos Mitsotakis will be the first foreign leader to meet with Germany’s new Chancellor, Friedrich Merz, during a major economic forum in Berlin. His visit, centered on the “Economy 2025 Workshop,” highlights Greece’s growing reputation for digital innovation and strong post-crisis performance, as well as key geopolitical issues including Germany’s evolving stance on Turkey.
Greece is scrambling to protect its economy as Trump’s tariffs send shockwaves worldwide, with the Governmental Economic Policy Council meeting on April 7, 2025, to craft a defense strategy. While exports like feta and olive oil face direct pressure, a potential EU slowdown and global recession threaten tourism and trade, prompting Prime Minister Mitsotakis to prioritise national stability amid escalating tensions.
The European Union is considering a bold response to Donald Trump’s 20% tariffs, with analysts pointing to a potential strike against U.S. tech giants like Apple and Google. As negotiations falter, the EU could wield its market power to inflict pain on Wall Street, though such a move risks harming its own consumers and escalating tensions.
The new Trump tariffs threaten Greek exports to the U.S., putting over €440 million worth of iconic products like feta cheese, olive oil, and Kalamata olives at risk. As producers face potential losses and unsold stock, the Greek government is eyeing markets like India and China to offset the blow, while the EU braces for a shift in global trade dynamics.
Today, the world awaits Donald Trump’s tariff announcements from the White House Rose Garden, set for 23:00 Greece time, as Greek wine producers brace for the fallout.
In a pivotal move for Greece’s workforce, Prime Minister Kyriakos Mitsotakis will preside over a Cabinet meeting today, March 26, 2025, to announce a minimum wage increase effective April 1. Impacting over 575,000 private-sector workers, public servants, and benefit recipients, this historic policy marks the first time public employees will be included in such a raise, with plans for automatic adjustments based on inflation and productivity starting in 2028.
Trump Engages with Leading CEOs, Including Greek-American Jamie Dimon, at Business Roundtable Summit
President Trump joined over 200 top CEOs at the Business Roundtable meeting to discuss economic policy, tax reform, and U.S. business prospects. Notable attendees included Greek-American JPMorgan Chase CEO Jamie Dimon, Apple’s Tim Cook, Citibank’s Jane Fraser, GM’s Mary Barra, and Walmart’s Doug McMillon, highlighting a pivotal moment for corporate-government collaboration.
The Greek Parliament voted 157-136 to reject a no-confidence motion against Prime Minister Kyriakos Mitsotakis, proposed by four opposition parties. The intense debate, which spanned over 42 hours with 172 MPs speaking, focused heavily on the government’s response to the tragic Tempe railway disaster. PM Mitsotakis defended his administration’s actions, denying allegations of evidence tampering and highlighting the continuation of rescue operations post-accident.
MEP Afroditi Latinopoulou sparked controversy in the European Parliament today, calling the focus on the far-right an “obsession” and urging a shift towards liberal economic policies including tax cuts, continued use of lignite, and even the return of plastic straws.
Greece is set to trial a revamped unemployment benefit system in early 2025. The innovative “three-part” structure, designed to incentivise workforce re-entry and ensure fairness, adjusts payments based on social insurance contributions and previous wages. No recipient will receive less than under the current system, with full implementation dependent on pilot results.
Greece introduces new taxes on tourism and short-term rentals, aiming to address climate change, improve infrastructure, and alleviate housing shortages in popular tourist areas. The measures include a climate resilience fee, a cruise passenger levy, and restrictions on short-term rentals in central Athens.
The Greek government has announced plans to legally prohibit any reduction of the minimum wage, aiming to further increase it to €950 per month by the end of its term. Government spokesperson Pavlos Marinakis highlighted this commitment as part of a broader push to create more high-quality, well-paying jobs. Unemployment is now at its lowest in 15 years, reflecting a positive trend in Greece’s economic landscape.
Greece is on track to increase its minimum wage by 46% by 2027, reaching €950, as part of the government’s economic roadmap. Labor Minister Niki Kerameus has outlined strategies for wage growth and emphasized planned pension increases, reflecting efforts to improve citizens’ disposable income following years of economic challenges.
Greece’s minimum wage is set to rise by 46% to 950 euros by 2027, Labour Minister Niki Kerameus announced. The increase is part of a government plan to boost incomes, with discussions underway on how it will be implemented. Kerameus also confirmed a pension increase of 2.2%-2.5% starting in January 2025, following a cumulative 13% rise in pensions over the past three years.
Prime Minister Kyriakos Mitsotakis is entering a crucial week as he prepares to finalize key policy announcements for the Thessaloniki International Fair on September 7, 2024. These decisions will focus on addressing Greece’s economic challenges while maintaining fiscal stability.
Greece’s 2025 budget will focus on supporting vulnerable groups, maintaining fiscal discipline, and continuing tax cuts. As the government finalizes key decisions, balancing economic priorities with new EU fiscal rules will be crucial. Prime Minister Kyriakos Mitsotakis is set to announce the main economic policies at the Thessaloniki International Fair in September, while the Finance Ministry plans additional support for pensioners and reductions in social security contributions.
All the tensions in the Middle East led to an increase in energy prices, and…
Scope Ratings, Greece, BBB- Rating, Economic Outlook, Debt Reduction, Banking System, Structural Reforms, Investment Grade, Greek Economy, Public Debt, Economic Policy
Prime Minister Kyriakos Mitsotakis emphasized the importance of Greece’s strong voice in Europe during an interview with ANT1 TV. He discussed various topics, including the significance of Greece’s role in European decision-making, the new wave of populism, and his government’s achievements and future plans.
Development Minister Kostas Skrekas expressed optimism following a Eurostat flash estimate that forecast a reduction…
New data reveals stark wealth disparities in Greece, where the top 1% of the population…
