“Pricey Greece: For many locals holidays have become impossible” is the headline of a report on the RND (Redaktionsnetzwerk Deutschland) news network, which is published in many German newspapers.
The report begins with an example: “With a net monthly income of 1,800 euros, the family of Eleni and Giorgos Kontogiorgis belong are average for Greece. The 30-year-old head of the family is a police officer, his 31-year-old wife works part-time in a kindergarten, to which the couple’s daughters, three and five years old, also go. Normally they wanted to go on vacation in August to Paros for 14 days, as they did in the previous three years. “But we finally canceled it,” says Eleni. Their hotel has increased prices by 25% compared to last year “. Instead of Paros, “they booked a seaside hotel in Dubai for 95 euros a night. For a family of four, airfare will cost around 2,000 euros, but as George Kontogiorgis says, “overall, holidays in the Emirates will be cheaper than in the Cyclades.”
The response from Athens points out that “according to estimates by online platform Mabrian, the prices of five-star hotels in Greece have increased by 110% this year compared to 2019, before the crisis. For four-star hotels the increase is 63%, for three-star hotels at 19%. In May, inflation in Greece reached 11.3%, the highest rate in 30 years. Everything is expensive, from the hotel to the food in taverns and the drink in the beach bar or the rented car. To these are added the high prices of gasoline. On Greek islands, in many gas stations, a liter of super gasoline costs over 2.70 euros “.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Greece Defines Continental Shelf Limits and Maritime Zones in Landmark EU Document
The Maritime Spatial Planning (MSP) framework represents a comprehensive approach to spatial planning and is crucial for the successful development of a blue and circular economy
EU Praises Greece’s RRF Progress as Revised Recovery Plan Nears Completion
Athens is preparing to submit its revised “Greece 2.0” Recovery and Resilience Plan after Easter, with a slight delay from the initial timeline but with the European Commission’s approval.
Greek €200M 10Y Bond to be Issued on April 16
The 3.875% fixed-interest-rate bond matures on March 12, 2029, and will be issued in dematerialized form. According to PDMA, the goal of the re-issuance is to meet investor demand and to enhance liquidity in the secondary bond market.
German Ambassador to Greece Talks Ukraine, Rise of Far Right & Tariffs at Delphi Economic Forum X
Commenting on the political developments in his country, the German Ambassador stressed that it was clear the rapid formation of a new government was imperative, as the expectations across Europe showed.
Athens to Return Confiscated License Plates Ahead of Easter Holiday
Cases involving court orders will also be excluded from this measure.
Servicers: How More Properties Could Enter the Greek Market
Buying or renting a home is out of reach for many in Greece. Servicers propose faster processes and incentives to boost property supply and ease the housing crisis.
Greek Easter 2025: Price Hikes on Lamb, Eggs & Sweets
According to the Greek Consumers’ Institute, hosting an Easter dinner for eight now costs approximately €361.95 — an increase of €11 compared to 2024.
FM Gerapetritis Calls for Unified EU Response to Global Crises at EU Council
"Europe is navigating through unprecedented crises — wars, humanitarian disasters, climate emergencies," he stated.
Holy Week Store Hours in Greece
Retail stores across Greece are now operating on extended holiday hours for Holy Week, following their Sunday opening on April 13. The move aims to accommodate consumers ahead of Easter, but merchants remain cautious amid sluggish market activity.
Green Getaway Ideas for Easter 2025 in Greece
Celebrate Easter 2025 in Greece the sustainable way with eco-farms, car-free islands, and family-friendly getaways rooted in nature and tradition.
