
Inflation in Greece August to August stands at 1.4%. It’s not big. We are fourth in Europe. It is a reasonable inflation current. This was stressed by the Minister of Development, Adonis Georgiadis, speaking at the OT.gr stand oat the Thessaloniki International Fair.
He noted that there was concern about international price hikes, and reiterated that the prime minister would announce the measures the government intends to take to address the issue of price increases. However, he stressed that “the price increases have not yet taken place, they will take place in the near future. It is not that we will not have price increases. We will have price increases. The commotion that takes place every day is unrealistic. It could be in three months. ”
Adonis Georgiadis said that last week was the best in terms of financial news in recent years. As he characteristically said, “it started with the amazing results of ELSTAT, continued with the excellent news of gas network provider DEPA infrastructure through the Hellenic Republic Asset Development Fund with Italgas, 733 million for DEPA infrastructure is an extremely high price and most importantly a very serious company that will ensure quickly the distribution of natural gas to households in Greece.
»The next day we had the extremely good news with HEDNO (…) The price I had predicted was significantly lower than the one that was finally achieved (…)
“And last night the rise in the investment grade BB + by Scopes”.
The works in Thessaloniki
Under the government of Kyriakos Mitsotakis, all major projects in Thessaloniki have resumed, said Mr. Georgiadis. In particular, he referred to the metro, stating that the schedule will be observed, on the ring road, and the works in the port.
Among other things, he mentioned that the TIF Board of Directors presented today the winner of the architectural competition for the new Thessaloniki International Fair that will transform the city center “.
“We have put Thessaloniki in the center of our interest from day one,” said Adonis Georgiadis.
The Minister of Development also referred to the Greece-US agreement for the support of investments by the USA in high-tech companies. As he characteristically said, “in the same year that has passed, companies such as Microsoft, Amazon, Apple, have already come to Greece with the support of the American government. This will continue in Thessaloniki as well. “


Latest News

Greece a Safe Destination, Says Tourism Minister Kefalogianni
The Minister noted that Santorini was geologically unique, reassuring everyone that the Tourism Ministry was in close cooperation with experts to monitor the situation and take appropriate measures

Life Expectancy Rise in Europe Slows Down – Greece, UK Record Highest Declines: Lancet Medical Journal
Poor diet and lack of physical activity are seen as key factors contributing to the negative trend.

Capital Ship Management and Lloyd’s Register Complete the World’s First Tanker On-shore Power Supply Compatibility Assessment
This innovative project marks a significant step forward in the transition towards sustainable port operations

Greek Airports See 12.6% Surge in Passenger Traffic in January 2025
The steady extension of the tourist season is fueling optimism, highlighting Greece’s strong position as a top global destination

Greek Foreign Minister Gerapetritis to Meet U.S. Counterpart Rubio in the U.S.
Greek FM Gerapetritis will be in the U.S. to speak before the United Nations Security Council in New York on Monday and Tuesday, focusing on the war in Ukraine and developments in Syria.

National Bank of Greece (NBG) Stocks Remain Attractive: UBS
In this context, UBS maintains its “buy” recommendation with a price target of €11.20.

Int’l Tender for Port of Volos Cancelled
Highest bidder was Thessaloniki Port Authority, with an offer of 51 million euros

E-Transactions in Greece Up 10.7% in 2024, YOY
Mandatory installation of POS machines at practically all businesses, and by self-employed professionals takes a 'bite' out of tax evasion; 614% increase in declared revenue by carwashes

Greek-Egyptian Energy MoU Signed in Cairo at EGYPES 2025
The signing of the MoU aims to advance the two countries’ cooperation concerning Carbon capture and storage (CCS)

New Ukraine Summit in Paris Wednesday; Greek PM to Participate
Prime Minister Kyriakos Mitsotakis, addressing a European People’s Party (EPP) emergency teleconference Tuesday morning, emphasized the need for Europe to speak with one voice on defense matters.