Today, April 1, marks a day of changes in Greece, including: travelers on Egnatia Motorway will pay higher tolls, businesses that still have not installed POS machines will be fined, a new higher minimum wage starts, and Greece transitions into its summer “quiet hours” schedule.
Egnatia Motorway
The main motorway that runs 670 km from Greece’s western port of Igoumenitsa to the eastern Greek-Turkish border at Kipoi will hike rates 33%, as previously agreed upon between the Greek government and the concessionaire.
Specifically, users will pay €0.04 instead of €0.03 per kilometer. The Greek government is expected to receive around €1.5 billion in revenues from the concession contract.
POS Machines and Fines
Starting from today, freelances and businesses that have not installed POS machines and connected them directly to cash registers will be subject to a hefty fine from the Greek government.
The measures were announced months ago and businesses were even given a brief extension to implement the rules, on account of delays from banks in providing the POS machines and from software support companies that needed to upgrade cash registers.
Violators will be hit with a €1,500 fine, but there are a series of exceptions that businesses may rely on to aid in reducing the fine, as outlined by the government, including providing evidence that they have applied for a POS device but are still waiting for its installation.
Minimum Wage
The Greek government announced that its fourth increase to minimum wage since 2019 will kick-in today, raising the figure 6.4% to €830 gross.
Since 2019 the government has upped minimum wage by 27%, at which point it stood at just €650.
Quiet Hours
Following the start of daylight savings in Greece yesterday, the country will move its “quiet hours” to 15:00-17:30 and 22:00-07:30, as it does each year.
The rules state that work which creates noise is forbidden, unless given permission by the police department. Loud music, shouting, disruptive parties, musical instruments, the testing of emergency systems and other similar activities are forbidden.
Source: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Trump Tariffs Jeopardize Growth: Piraeus Chamber of Commerce
The tariffs, aimed at reducing the U.S. trade deficit, are expected to have both direct and indirect effects on the European economy
EU Condemns Trump Tariffs, Prepares to Retaliate
As tensions escalate, the EU is expected to continue negotiations with Washington while preparing for potential economic retaliation.
The Likely Impact of Trump Tariffs on Europe and Greece
Trump tariffs are expected to negatively affect economic growth in the Eurozone while Greece's exports could take a hit.
Motor Oil Results for 2024: Adjusted EBITDA of 995 mln€; Proposed Dividend of 1.4€ Per Share
Adjusted EBITDA for 2024 was down 33% yoy. The adjusted profit after tax for 2024 stood at 504 million euros, a 43% decrease from the previous year
Cost of Living: Why Greece’s 3% Inflation Is Raising Alarm
Greece appears to be in a more difficult position when it comes to price hikes, just as we enter the era of Trump’s tariffs.
Fitch Ratings Upgrades the Four Greek Systemic Banks
NBG’s upgrade reflects the bank’s ongoing improvements in its credit profile, Fitch notes in its report, including strong profitability, a reduction in non-performing exposures (NPEs), and lower credit losses
Trump to Announce Sweeping New Tariffs Wednesday, Global Retaliation Expected
With Trump's announcement just hours away, markets, businesses, and foreign governments are bracing for the fallout of one of the most aggressive shifts in U.S. trade policy in decades.
Inflation in Greece at 3.1% in March, Eurostat Reports
Average inflation in the eurozone settled at 2.2%, compared to 2.3% in February
Greece’s Unemployment Rate Drops to 8.6% in February
Despite the overall decline, unemployment remains higher among women and young people.
Jerry Kalogiratos Highlights Key Role of Energy Transition and Data Demand in LNG Outlook
Energy transition and the prospects of LNG were discussed at Capital Link’s 19th Annual International Maritime Forum, during a panel discussion with Jerry Kalogiratos (Capital Clean Energy Carriers Corp.)
![ΕΛΣΤΑΤ: Αυξήθηκε η οικοδομική δραστηριότητα κατά 15,6% το Δεκέμβριο [πίνακες]](https://www.ot.gr/wp-content/uploads/2025/03/DSC9655-2-1024x569-1-90x90.jpg)
