The latest initiative to contain inflation is expected to be unveiled at the end of the month by two associations representing super markets in Greece, with 50 items deemed as essential for households’ survival to be included in a so-called homemaker’s “basket”.
Prices for the specific items will be tracked, with super market representatives promising to “contain increases, to the greatest extent possible.”
The initiative was cited on Wednesday by relevant Development & Investments Minister Adonis Georgiadis.
Greece has been plagued by rising inflation rates over the past several months, usually above the monthly EU average, with the figure in Greece for September 2022 expected to exceed 12 percent. The combination of Russia’s invasion of the Ukraine and its accompanying energy crisis, along with the after-effects of the pandemic-induced disruption on supply chains has sparked an unprecedented inflation surge in the Eurozone.
Georgiadis said he will also meet with producers next week, with the purpose again being to contain rising costs.
He clarified, after meeting with super market representatives, that the initiative does not mean a “freeze” on prices.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
European Central Bank Cuts Interest Rates by 25 Basis Points
It is the fourth cut of interest rates by Europe’s central bank, a move expected by the markets and financial analysts leading to the rate settling at 3%.
Airbnb: New Measures Add €600 in Extra Costs for Property Owners
Property managers face an immediate administrative fine of 5,000 euros if access to the inspected property is denied or any of the specified requirements are not met.
Economist: Greece Included in the Best Performing Economies in 2024
Meanwhile, Northern European countries disappoint, with sluggish performances from the United Kingdom and Germany.
EasyJet Expands Its Routes from Athens
The airline’s two new routes will be to London Luton and Alicante and they will commence in summer 2025.
Capital Link Forum Highlights Greece’s Economic Resurgence; Honors BoG Gov Stournaras
Capital Link Hellenic Leadership Award recipient, Bank of Greece Gov. Yannis Stournaras, an ex-FinMin, was lauded for his pivotal role during Greece’s economic recovery
Tourist Spending in Greece Up by 14%, Visa Card Analysis Shows
Greece’s capital Athens emerged as the most popular destination, recording a 17% increase in transactions with Visa cards, surpassing even the cosmopolitan island of Mykonos.
Inflation in Greece Unchanged at 2.4% in Nov. 2024
The general consumer price index (CPI) posted a 0.4% decrease in November compared to the previous month
2024 Christmas Holidays: Extended Shop Hours Schedule
The 2024 Christmas Holidays extended shop hours schedule commences on Thursday, December 12 and runs until the end of the year.
ELSTAT: Seasonally Adjusted Unemployment Down in October
The number of employed individuals reached 4,284,694, an increase of 67,723 compared to October 2023 (+1.6%) and 22,002 compared to September 2024 (+0.5%).
Greek PM’s Chief Economic Adviser Resigns
In the post on his Facebook page, Patelis did not disclose the reasons that led him to step down.
![Fraport: Πάνω από 35 εκατ. επιβάτες στα αεροδρόμια το 11μηνο – Πτώση στη Μύκονο [πίνακας]](https://www.ot.gr/wp-content/uploads/2022/06/fraport-90x90.jpg)
