Tag: supply shortages

Cyprus Greece ferry

Greek Ferries Halt for Third Straight Day Amid Ongoing Strike

Greece’s ferry services have been halted for the third consecutive day, affecting island connectivity and leading to supply shortages. The strike, driven by demands for a 15 percent pay increase by the seamen’s union, continues as shipowners offer only 3 percent. The PNO union threatens an indefinite extension of the strike, underscoring the critical role of ferries in the country’s transportation network.

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Greece Faces Rising Agricultural Costs as EU Prices Decline in Q2 2024

While most EU countries saw agricultural prices drop in Q2 2024, Greece experienced an 8% increase, driven by supply shortages and rising costs in key products like olive oil. This contrasts with the EU-wide trend of declining input costs and highlights growing economic pressure on Greek farmers and consumers.