![Greek Dev. Min.: The battle against inflation is starting to pay off](https://www.ot.gr/wp-content/uploads/2023/03/PSTL3002.jpg)
The measures that have been taken, with the “Household Basket” and with the market pass, have led to us being the 6th country with the lowest inflation in food and the 4th in overall inflation, said the Minister of Development and Investments Adonis Georgiadis who visited two supermarkets today together with Deputy Minister Nikos Papathanasis.
“The battle against high prices is starting to pay off. The fact that we have managed to have lower inflation than the European average and at the same time twice the growth, is something very difficult. If you saw the Bloomberg article on Friday, it talks about a “miracle”, focusing not on the fact that we have twice the growth rate, but on the fact that we have managed to have twice the growth rate with lower inflation,” the minister added.
Easter market
In relation to the Easter market, he said that a meeting was held with the president of the Bakers and will follow with Varvakeio market merchants “to come to our final decisions within the next 24 hours on what we will include in the “Easter Basket” because there are various conflicting opinions”. He noted, however, that lamb and goat prices are under pressure due to reduced production by livestock farmers and high demand for exports due to the Catholic Easter. “We are making a great effort with my colleague, the Minister of Rural Development, Mr. Georgantas, on how we can keep prices as low as possible. In 2-3 days we will make announcements. I am modestly optimistic that we will again achieve something”, he said.
“It is obvious that the prices have been stayed stable and we have really reduced, in terms of the Basket, the issue of high prices,” said Mr. Papathanasis for his part and added:
“Combined with the shopping card, which returns 10% of the purchases we make in supermarkets, we are creating a big break in the wave of inflation. Something no other country has done. And of course with e-Consumer, we can check the prices of the products in real time. From your mobile phone you can see in real time the prices of the products as they come automatically from the supermarket data. This tool is not available in any other country.”
![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
![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
![ELSTAT- Overall Import Price Index for May 2024 up 2.8% y-o-y](https://www.ot.gr/wp-content/uploads/2023/08/unnamed-41.jpg)
ELSTAT- Overall Import Price Index for May 2024 up 2.8% y-o-y
The same price index had decreased 20.8% from May 2022 to May 2023
![Over 7 in 10 Employees Feel Their Contributions Are Not Appreciated](https://www.ot.gr/wp-content/uploads/2024/06/ergasia-ergazomenos-600x300.jpg)
Over 7 in 10 Employees Feel Their Contributions Are Not Appreciated
Specifically, the option "Subjective opinions are prioritized over objective data" ranked highest in importance for young employees, with a score of 3.89 out of 4
![OECD: Job Vacancies on the Rise in Greece](https://www.ot.gr/wp-content/uploads/2024/07/ergasiabusinness-768x556-1-1-600x434.jpeg)
OECD: Job Vacancies on the Rise in Greece
By the fourth quarter of 2023, job vacancies per unemployed person had risen by more than 4, with the index reaching 446 units compared to 100 units in late 2019
![OTE Group: FTTH Program Advancing in Semi-Urban and Rural Areas of Greece](https://www.ot.gr/wp-content/uploads/2024/05/ΟΤΕ-Group_1-600x450.jpg)
OTE Group: FTTH Program Advancing in Semi-Urban and Rural Areas of Greece
This initiative will provide ultra-fast internet speeds of up to 1Gbps to over 350,000 households and businesses in semi-urban and rural areas across the country