Hellenic Statistical Authority

From January 1, 2026, entry-level public sector salaries in Greece will increase in line with the minimum wage set for the private sector, according to a new labor law draft. However, for 2025, a unique approach will apply, as outlined in the draft legislation of the Ministry of Labor, which is open for public consultation until November 21.

Companies in the construction sector are clearly trying to avoid any problems in case they choose to use the benefits of the new construction code.

Industrial output in Greece is showing a significant increase in 2024, amounting to 6.7% in the year's first eight months, according to data released on Thursday.

The General Index of Industrial Production of the Hellenic Statistical Authority (ELSTAT) showed an increase of 3.1% for the month of August compared to the August 2023 index reading.

Industrial output in Greece is showing a significant increase in 2024, amounting to 6.7% in the year's first eight months, according to data released on Thursday.

The seasonally adjusted unemployment rate in August 2024 amounted to 9.5% compared to the upwardly revised 11.4% in August 2023 and 9.9% in July 2024, the Hellenic Statistical Authority (ELSTAT) announced on Tuesday.

Many households in Greece had to cut back on basic food items in 2023 so they could cover other needs, under the suffocating pressure of shrinking disposable income. This, of course, does not mean that they paid less, as the average monthly expenditure for almost the same items increased.

The contribution of industry to Greece's growth in rising, according to economic reports from banks based on Hellenic Statistical Authority (ELSTAT) data.

"On the supply side, the industrial sector was by far the largest contributor to the strengthening of domestic economic activity in Greece in the first half of 2024," Eurobank reported a few days ago.

Whoever harbored high expectations from a scheme to bring more vacant properties onto the market by offering incentives to their owners, as a solution to the housing shortage problem better think again.

The overall turnover index in industry in July 2024 recorded an increase of 11.7% compared with the corresponding index of July 2023, according to figures released by the Hellenic Statistical Authority (ELSTAT) on Friday.

The Overall Turnover Index in Industry in July 2023 had decreased by 10.3% compared to July 2022.

Turnover in accommodation and food service businesses in July saw a 5.2% yearly increase, but mostly attributed to inflation, while in popular destinations such as Mykonos and Santorini, a decrease in the relative turnover was recorded for another month.