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cost of living

Flatshares Gain Ground in Greece Amidst Cost-Of-Living Crisis

Flatshares gain ground in Greece, according to new data, as an increased number of Greeks are willing to share their accommodation with more people amidst the current cost-of-living crisis. Greek online platforms which aim to connect people from across the...

US Fed Interest Rate Hike is Highest in Nearly 30 Years

The US Federal Reserve's decision to raise interest rates by three quarters of a percent on Wednesday—the biggest hike since 1994—was designed to rein in the country's overheated economy and fast-rising inflation, which have led to price spikes market...

US Fed Raises Interest Rates for First Time Since 2018 to Stem Inflation

The US Federal Reserve announced a quarter-percentage point interest rate increase on Wednesday, nearly two years to the day the central bank slashed its benchmark federal funds rate to zero amid the recession triggered by the COVID-19 pandemic. "It's clearly...

Santorini Mayor Appeals to Locals to ‘Adopt a Teacher’ as Cost of Living Rockets

The mayor of the cosmopolitan island of Santorini, has appealed to local residents to adopt a teacher, as renting an apartment on the island has become prohibitively expensive. Nikos Zorzos responded to press reports that young teachers posted in schools in...

Glassdoor Reports: Two Greek Cities Among the Cheapest to Live in the EU [images]

Business Insider UK recently published a Glassdoor report titled "Which Countries in Europe Offer the Best Standard of Living?" which takes into consideration the wages and living costs of EU cities in ranking them as affordable. Surprisingly, Glassdoor economic research has...

Athens 3rd Most Expensive Capital to Park in Europe

Athens is the third most expensive capital in Europe in regards to car parking, coming after Stockholm and London, according to a survey conducted by travel services company Ubeeqo. Specifically, the average cost of parking in Greece's capital is 5.70...