Pricing
Skrekas declares reduced goods prices as ‘permanent’
Speaking on the government's decision to reduce inflated prices on certain supermarket goods on Friday, Development Minister Kostas Skrekas said that the measure will be permanent and that it tackles a decades-long malaise.
Grocery price reduction expected next month
Price reductions in supermarket items will be visible to consumers as of early March, due to the implementation of measures by the Development Ministry, while as market executives commented to the Athens-Macedonian News Agency, it is considered certain that the goal of reducing food inflation will be achieved.
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More than €250 mln in EU funds for Crete-Attica power link
More than 250 million euros from the European Regional Development Fund (ERDF) will finance the first stage of high-voltage electricity infrastructure between the island of Crete and the Attica region, the European Commission announced on Thursday.
From farm to plate: How prices triple
Greek consumers often pay nearly three times the price for fruits or vegetables that producers receive when the produce is harvested from the fields. However, the bulk of this price difference doesn't make its way into the pockets of the producers. In reality, producers only retain a profit equivalent to roughly 8 to 9 percent of the final consumer price.
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The Acropolis got €60 mln worth of visitors in 2023
Revenue from visits to the Acropolis went up by €14 million from the previous year's €46 million, the culture minister said on Monday.
Speaking to lawmakers in Parliament, Lina Mendoni said that "upgrades of all services," such as a new electronic ticket system, have driven a "constant increase" in the iconic historical site's revenues.
Hotel prices rise most in Antalya last year
Antalya, Türkiye's famous holiday destination, led the increase in hotel prices last year, according to the data from the Hotel Association of Türkiye (TÜROB).
The average daily rate (ADR) was 172.1 euros in 2023 at Antalya's hotels, up 19.35 percent from the previous year. Revenue per available room (RevPAR) rose 8 percent to 96.8 euros.
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Smart power meters can benefit consumers
Deputy Environment and Energy Minister Alexandra Sdoukou emphasized the potential for Greece to adopt dynamic electricity rates, akin to European counterparts, during her address at the Ecomobility Conference in Athens on Wednesday.
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High prices, low quality
The high prices that worry citizens and the government are not limited to the products on supermarket shelves. They concern a broad range of goods and services, from telecommunications and fuel to the quality of life provided by our municipalities and state.
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Price Deception: Euro vs. Lev Mismatch Sparks Consumer Outcry
Gabriela Rumenova from the consumer advocacy platform "We, the Consumers" exposes a series of pricing violations in stores, where advertised prices in euros diverge significantly from the actual values in Bulgarian Lev (BGN), in direct violation of current legislation.
Private school parents struggle with fees
The debate between private schools and parents about increasing fees has reignited with the start of the new year.
According to the criteria that "No increase may exceed the figure obtained by dividing the sum of the previous year's PPI and CPI by two and adding five points," there will be an increase of approximately 60 percent in private school fees in the 2024-2025 academic year.
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