![Korkidis to OT.gr – The phenomenon of price increases is set to last](https://www.ot.gr/wp-content/uploads/2021/09/κορκιδης.jpeg)
The president of the Piraeus Chamber of Commerce and Industry, Vassilis Korkidis, referred to the measures that the Greek Prime Minister, Kyriakos Mitsotakis, is going to announce, speaking at the stand of OT at the Thessaloniki International Fair.
“No one will be left behind” Mr. Korkidis said characteristically, talking about new, smart and sustainable products that will enhance the entrepreneurship and the new generation. After all, the new generation, as he stressed, should be strengthened in order to be given the skills to create and move forward.
Regarding employment, Mr. Korkidis referred to the fact that 87% of companies have retained the number of their employees, which is due to support measures, but noted that many companies complain that they cannot find employees to staff their business.
Regarding the burning issue of price increases, the president of the Piraeus Chamber of Commerce and Industry, pointed out that the phenomenon has actually started 15 months ago, initially with small increases that especially the exporting and importing companies realized immediately. A strategic factor was the price increases in maritime fare prices, which have increased by up to 385%. In fact, Mr. Korkidis estimated that, unfortunately, there will be no relief of this situation soon.
For example, as he explained, there are 630 container ships to be built, which have been ordered, but it will obviously take time for them to be delivered and set sail.
In this sense, Mr. Korkidis did not rule out the scenario that the strong increases in prices will last until April 2022. This means, in view of the Christmas period, that we will not see empty shelves, but we will probably not avoid the… half-empty ones.
Moreover, the phenomena of stagnant inflation should be taken into account, not in Greece, but in Europe and the USA, the huge shortages of raw materials that have led to long delays in production, which no one can estimate how long they will last.
The question, of course, is how companies can react to this image and what they need to do. The answer, according to Mr. Korkidis, is to create stock of goods, possibly proceeding to many small markets from many producers, but in order to do this, in order to be able to achieve this, it is necessary to have the appropriate liquidity. Something that can only be achieved with the necessary credit flow from the banks. In fact, help could come from the Development Bank, he stressed.
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
Latest News
![Critical Week for Greece-Cyprus Cable](https://www.ot.gr/wp-content/uploads/2024/07/kalodio_elladas_cyprus_israil.jpeg)
Critical Week for Greece-Cyprus Cable
The study concluded that the social benefits of the interconnection, totaling 8 billion euros, far outweigh its 1.9 billion euros construction cost, resulting in a net social benefit exceeding 6 billion euros.
![Roberta Metsola Re-elected President of European Parliament](https://www.ot.gr/wp-content/uploads/2024/07/2024-07-16T110250Z_1107936467_RC2BW8AZP0U4_RTRMADP_5_EU-PARLIAMENT-2048x1366-1-600x400.jpg)
Roberta Metsola Re-elected President of European Parliament
Her second term will be for a period of two and a half years
![ELSTAT: 1.5% Increase in Business Turnover in May 2024](https://www.ot.gr/wp-content/uploads/2024/07/epixeiriseis_2-600x414.jpg)
ELSTAT: 1.5% Increase in Business Turnover in May 2024
The most significant increase in turnover in May 2024 compared with May 2023 was recorded from the enterprises of the Accommodation and Food Service Activities, sector which grew by 14.8%.
![Cosco: Container Traffic Decline at Piraeus Port Continues](https://www.ot.gr/wp-content/uploads/2024/07/olp1-scaled-1-2048x1312-1-600x384.jpg)
Cosco: Container Traffic Decline at Piraeus Port Continues
This strategic shift has diminished Piraeus's standing as a prominent Mediterranean port and a key transshipment hub post-Suez Canal.
![Gov’t Eyes Return of Power Subsidies Amid Spike in Rates](https://www.ot.gr/wp-content/uploads/2024/07/power-lines-2048x1365-1-600x400.jpg)
Gov’t Eyes Return of Power Subsidies Amid Spike in Rates
According to reports, the government will resume an electricity subsidization program, given that forecasts cite disruptions – i.e. higher rates
![ELSTAT: 6.3% Increase in Output Price Index for Agriculture and Livestock](https://www.ot.gr/wp-content/uploads/2024/07/ot_georg_PROIONTA_money-1-600x352.png)
ELSTAT: 6.3% Increase in Output Price Index for Agriculture and Livestock
The 6.3% rise in May 2024 is largely driven by an 8.8% increase in the crop output group, particularly due to changes in olive oil prices, and a 0.5% increase in the animal output group.
![Balkans Blackout Highlights Climate Threats to Power Grids](https://www.ot.gr/wp-content/uploads/2024/07/blackout-1-600x457.png)
Balkans Blackout Highlights Climate Threats to Power Grids
The surge in electricity demand during the heat wave and the power deficit in Balkan markets have driven up prices in the Greek wholesale electricity market.
![Greece in Top 4 Destinations Favored by European Tourists](https://www.ot.gr/wp-content/uploads/2021/06/ploio-600x400.jpg)
Greece in Top 4 Destinations Favored by European Tourists
Greece was selected by 5.9% of respondents who were asked where they would vacation this year, up from 5.4% in the same survey last year
![Scope Affirms Greece’s BBB- Ratings; Revises Outlook to Positive](https://www.ot.gr/wp-content/uploads/2024/06/euros-2048x1365-1-600x400.jpg)
Scope Affirms Greece’s BBB- Ratings; Revises Outlook to Positive
The international ratings firm raised Greece to investment grade in early August 2023
![First Seaplane Test Flights to Skopelos, Alonissos, Skyros](https://www.ot.gr/wp-content/uploads/2024/06/hellenic-seaplanes-pilotikes-ptiseis-ydatino-pedio-lavriou-600x450.jpeg)
First Seaplane Test Flights to Skopelos, Alonissos, Skyros
After decades of on-again, off-again efforts to schedule regular seaplane routes to Greece's numerous island and coastal destinations the prospect now appears within sight