![Greek Govt Unveils Latest Round of Measures to Contain High Prices](https://www.ot.gr/wp-content/uploads/2024/03/supermarket-2048x1365-1.jpg)
Another four measures were unveiled by the government on Friday to contain rising prices, especially for foods, as the past two years witnessed double-digit inflation rates on an almost monthly basis.
In statements to the media, market analysts point to an initial de-escalation in prices in seven main categories of durable goods, along with what the ministry claimed were a whopping decrease in 3,900 primary goods.
One closely scrutinized product, baby formula, has seen a decrease of an average of 15 percent on supermarket shelves, according to the relevant development ministry. The average prices now on Greece’s supermarket shelves now approaches the European average, the ministry said.
According to Development Minister Kostas Skrekas, “the measures we’ve taken are permanent, structural and aimed at correcting decades of structural distortions in the market. Our goal is to help all citizens in the face of the major problem of high cost of living, and which will lead to a permanent de-escalation of inflation.”
Source: tovima.com
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
Latest News
![ELSTAT: Building Permits Increased by 40.1% in Greece](https://www.ot.gr/wp-content/uploads/2024/07/oikod1-600x380.png)
ELSTAT: Building Permits Increased by 40.1% in Greece
Focusing on Private Construction Activity during this period, there was a 41.8% increase in building permits nationwide, a 40.2% rise in the area, and a 26.8% expansion in volume
![Greek Economy: Bankers’ Insights on Investments and Reforms](https://www.ot.gr/wp-content/uploads/2024/03/ot_bankers4-600x352.png)
Greek Economy: Bankers’ Insights on Investments and Reforms
He also noted that the Recovery and Resilience Fund has seen over 50% of its funds absorbed, with more than 20% having been directed into the real economy.
![Greece: Airbnb Occupancy Hits 40% in June](https://www.ot.gr/wp-content/uploads/2024/05/airbnb-1-600x400.jpg)
Greece: Airbnb Occupancy Hits 40% in June
This growth, averaging about 20,000 new units per month, pushed the total number of accommodations to 224,860 by June, up from 204,578 the previous year.
![Fraport: Greece’s Regional Airports See 5.9% June Surge](https://www.ot.gr/wp-content/uploads/2024/07/ot_airport_affixeis-1-1-600x352.png)
Fraport: Greece’s Regional Airports See 5.9% June Surge
Overall, during the first half of 2024, Fraport Greece's airports achieved remarkable results, handling more than 12.7 million passengers, a 7.8% increase compared to 2023.
![SFEE: Just 1 in 5 New Pharmaceutical Drugs Reach Greece](https://www.ot.gr/wp-content/uploads/2024/07/ΦΑΡΜΑΚΑ-shutterstock_1467910202-2048x1365-1-600x400.jpg)
SFEE: Just 1 in 5 New Pharmaceutical Drugs Reach Greece
Greece spends 70% less than the European average on pharmaceuticals, and Greek patients face significant challenges accessing pharmaceutical drugs and treatments that are available in the country
![Attica Bank: Merger Process With Pancreta Commences](https://www.ot.gr/wp-content/uploads/2024/07/attica-bank-2048x1288-1-600x377.jpg)
Attica Bank: Merger Process With Pancreta Commences
A relevant announcement said the merger with Pancreta is expected to be completed by mid September
![Crete’s Heraklion Port Concession Deal Approved](https://www.ot.gr/wp-content/uploads/2021/10/heraklion-port2-1-600x369.jpg)
Crete’s Heraklion Port Concession Deal Approved
Owner of Minoan Lines Grimaldi Group acquired a 67% share of the port for a total price of 80 million euros
![Santorini Warning of Cruise Passenger Influx Causes Uproar](https://www.ot.gr/wp-content/uploads/2024/07/santorini1-600x400.jpg)
Santorini Warning of Cruise Passenger Influx Causes Uproar
A Santorini councilman urged locals to stay put and limit their activities during the arrival of cruise ships due to overtourism
![European Commission Approves Fourth 2.3 Billion Loan Payment to Greece Under RRF](https://www.ot.gr/wp-content/uploads/2024/04/european_commission_hq-flags_web-3-600x375.jpg)
European Commission Approves Fourth 2.3 Billion Loan Payment to Greece Under RRF
The Commission's preliminary assessment of Greece's request, completed on June 14, 2024, was positive, reflecting Greece's successful implementation of its recovery and resilience plan
![Greek Tourism: Projects Shaping the Landscape](https://www.ot.gr/wp-content/uploads/2023/08/Mandarin-Oriental-Costa-Navarino-Ormos-Beach-Club-1024x767-1-600x449.jpg)
Greek Tourism: Projects Shaping the Landscape
In Vonitsa, Aetolia-Acarnania, the Varko Bay resort is emerging as the first ultra-luxury retreat by Banyan Tree in Europe