Cost of living has soared
The soaring prices are smashing family budgets, with less well-off households suffering most as the monthly costs of food, heating, power, fuel and rent easily outstripping monthly incomes.
Households struggling as inflation hits 28-year high
Any budgeting efforts by households over the last year have been rendered useless, with official data on Tuesday showing Greece’s annual consumer inflation soared in April to 10.2%, the highest in 28 years, as a result of surging costs for energy, housing, transportation and food.
Fitch: Hellenic, BoC retain Positive Outlook
The ratings of Cyprus’ two largest banks continue to have a Positive Outlook despite increased risks to the global economy due to the war in Ukraine, Fitch Ratings said on Tuesday.
Fifty airlines to fly to Cyprus this summer
Cyprus’ Hermes Airports unveiled its summer 2022 flight schedule to/from Larnaca and Paphos airports, marking the return of various connections to and from the island.
Police will enter campus if requested
If the rector’s office requests it, police will send forces to the Aristotle University of Thessaloniki to ensure that the works for the construction of the library are completed without any problems, a senior ranking officer told Kathimerini on Monday.
Leasing is the new mortgage
The option of getting a house either as an investment or as a private residence, without having to resort to bank borrowing through leasing is now available in Greece.
Society has expectations
The recent attack on the Aristotle University of Thessaloniki by a large and seemingly organized group of sledgehammer-wielding vandals confirms that the break from violence at Greek campuses was more due to a lull caused by the pandemic.
Russia pummels vital port of Odesa, targeting supply lines
Russia pummeled the vital port of Odesa, Ukrainian officials said Tuesday, in an apparent effort to disrupt supply lines and Western weapons shipments critical to Kyiv’s defense.
Greek inflation jumps to 10.2% y/y in April, hits 27-year high
Greece’s annual consumer inflation jumped to its highest level in 27 years in April at 10.2% on the back of surging costs for energy, housing, transportation and foods, official data showed on Tuesday.
When the world did not end
It is usually the work of prophets and false prophets to herald the end of days, invoking some nightmarish vision or some ancient apocryphal text they were finally able to crack.