Traffic congestion in the greater Athens area over recent weeks, reminiscent of the 1990s before a new metro system and other major infrastructure projects came online, finally promoted the central government to announce measures this week.
Despite progress over recent decades in decentralizing decision-making from the central government to municipal and regional authorities, much of the traffic and mass transit jurisdictions in greater Athens – where roughly half of the country’s 11 million residents live – are still overseen by Cabinet ministers.
As such, the relevant transport ministry on Wednesday said a “traffic ring” will be reinstituted as of Oct. 25. In past years, this measure operated on an “odd-and-even” basis, whereby the last number on a vehicle’s license plate determined if entry into the traffic ring was allowed. Trucks, taxis and other commercial vehicles were usually exempt from the measure.
Nevertheless, details of soon-to-be reinstituted traffic restriction are still pending.
For instance, one certain exemption will be for electric vehicles. However, owners of hybrid vehicles are also demanding an exemption, whereas criticism has also emerged on social media by owners of Euro 6 emission standards vehicles.
One explanation for the heavy traffic on roadways is an unwillingness by many commuters to use mass transit amid a still ongoing Covid-19 pandemic,
Latest News
Energy Giant Chevron Expresses Interest in Drilling in Greece
In line with this effort, the Hellenic Hydrocarbon Resources Management and Energy Resources Company (HEREMA) is submitting the Strategic Environmental Impact Study today
UBS ‘Bullish’ on Greek Banks
UBS highlights the positive trends in loans and savings and the financing cost, stressing corporate credit expansion acts as the driving force for the banking sector’s profit margins
Cost of Banking in Greece Drops from Monday
The measure aims to lower the cost of doing business and everyday transactions in Greece, with an estimated annual cost to banks of approximately €150 million.
Greek Tax Bureau Chief Details Efforts to Curb Evasion; Digitalize Administration
Independent revenue authority (AADE) Gov. George Pitsilis addresses OECD summit, cites reduction in lost VAT remittances from almost 30% in 2017 to 13.7% by 2022
Inflation in Greece at 3.7% in December 2023: Eurostat
According to recent data from ELSTAT (Hellenic Statistical Authority), inflation in Greece rate reached 3.5% in December 2023, up from 3% in November.
Winter Sales Season: Stores Open on Sunday in Greece
Most stores will operate between 11:00 AM and 6:00 PM, while shopping malls will stay open until later, from 11:00 AM to 8:00 PM
Greek Primary Surplus of €8.6bln at End of 2024
In previous budget execution reports, in October, a net amount of €3.241bln was collected from the new Concession Agreement for Attiki Odos
Fraport Greece Posts Record Numbers in 2024
In December 2024, the 14 airports posted impressive numbers in passenger traffic, welcoming a total of 805,056 visitors
Greek Economic Sentiment Steady in Dec 2024
The trade deficit amounted to 4.6 billion euros, up by 340 million euros from the same period last year.
UBS Positive Outlook on Greece, Sees Moody’s Upgrade
Moody's remains the only one of the three major credit rating agencies that still rates Greece at Ba1, one notch below investment grade