Real wages lag those of 2009 by some 30%
Salaries last year stood at 83.6% of the level they were at before the crisis, in 2009, while at prices without the inflation effect they were at just 71.3%, according to ELSTAT data.
State Department report highlights Greece’s positive prospects
Greece has rebounded since the 2009-2018 financial crisis that saw real GDP decline by 25 percent. Modest growth began to return in 2019 and unemployment dropped from its crisis peak of 35 percent in 2013 to 12 percent in 2022, the State Department said in the 2023 Investment Climate Statements.
Exclusion zone set up around Greek military base after wildfires trigger powerful explosions
Authorities are maintaining an exclusion zone around an air force base in central Greece where wildfires have triggered powerful explosions at an ammunition depot.
Immersive group exhibition at The Foundry Suites
The enchanting premises of The Foundry Suites Athens come alive with the immersive group exhibition “Transformations: Gaia & Chthonia,” which sets out to capture the duality inherent in the building, the dance between its natural and industrial components.
Defense Minister calls for sworn investigation and safety reassessment following explosion
One day after an unchecked wildfire in central Greece triggered massive explosions at an Air Force ammunition depot, leading to the evacuation of several F-16 fighter jets from the air base where the depot is located, Defense Minister Nikos Dendias requested an urgent sworn investigation from the Chief of the Hellenic National Defense General Staff…
Greek wildfires die down after burning for nearly two weeks
Wildfires in Greece abated on Friday after burning for nearly two weeks but emergency services worked to prevent new flare-ups in the central part of the country, where people had fled massive explosions at an ammunition depot the day before.
Erdogan appoints three deputy governors to central bank
Turkish President Tayyip Erdogan named three deputy governors to the central bank, the country’s official gazette said on Friday, a day after the bank vowed to continue gradual monetary tightening and raised its end-2023 inflation forecast.
Spartiates party leader faces mutiny
The Spartiates (Spartans) party leader Vassilis Stigas is facing mutiny as nine out of twelve lawmakers from the far-right party issued a statement condemning his response to a party MP’s public support for Ilias Kasidiaris’ bid to run for the position of mayor of Athens.
Mytilineos turnover grows 17% in January-June
Athens-listed Mytilineos on Thursday announced a 17% increase in its first half turnover to 2.516 billion euros, from €2.154 billion in the same period last year.
Wildfire hits air force ammunition depot
A wildfire that was raging unchecked in central Greece triggered massive explosions at an Air Force ammunition depot, forcing the evacuation of several F-16 fighter jets from the air base where the depot is located.