Economy

"The order to increase the price of electricity is a reflection of everything that has been happening during the last 10 months of the caretaker government". This opinion was expressed by former energy minister Alexander Nikolov on the National Television.

Greece's Independent Authority for Public Revenue, known as AADE, is gearing up to intensify its efforts against tax evasion this summer with the introduction of a new digital tool called "ELEGXOSLive." The aim is to enhance tax compliance in Greek islands and other tourist areas.

A commission is set to hold its first meeting later this week to discuss a hike in minimum wages for millions of workers.

Representatives from the government, labor union Türk-İş and the Turkish Confederation of Employers' Association (TİSK) will gather on June 13 at the Labor Ministry.

The share of food and non-alcoholic beverages in households' overall expenditure was 22.8 percent, followed by housing and rent at 22.4 percent last year, a survey by the Turkish Statistical Institute (TÜİK) has shown.

Transport expenditure was the third largest expenditure item, with a share of 21.3 percent, according to TÜİK's Household Budget Survey.

Kathimerini is launching its "Reimagine Tourism in Greece" initiative with the inaugural event that will take place this Wednesday from 11.30 a.m. to 7 p.m., at the Stavros Niarchos Foundation Cultural Center.

The U.S. Federal Reserve is widely expected to pause its campaign of interest rate increases on June 14 to give policymakers more time to assess the economic impact of existing hikes and recent banking stresses.

Even if a reduction of value-added tax is not the solution, the continuation of high food prices is a problem that is taking a toll on society.

The Greek market suffered from a lack of transparency and healthy competition even before the current inflation crisis began, and while some efforts were made to deal with these problems, they were obviously not enough. 

Data presented by the Hellenic Statistical Authority on Friday showed that prices increased further last month at a time when many were convinced that they would drop a tad.

Investors' perception of Greece has changed dramatically as is clearly seen from its performance in the bond market.

Agencies at the Single Social Security Entity (EFKA) are running two parallel projects, in addition to the issuance of the pending pensions: main, auxiliary and retirement lump sums.