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Workers in Greece Strike in Protest to the Rising Cost of Living

Labor Unions in Greece have called a 24-hour strike on Wednesday in protest of the rise in the cost of living that affects hundreds of thousands of workers. "We cannot live with dignity" is the central message of the protest...

Purchasing Power of Greeks Second From Bottom in the EU

Greeks have the second to the bottom—just above Bulgaria—purchasing power in the EU according to Eurostat. These are statistics that put a dent in the Greek government's triumphant claims about the rise in economic prosperity. In 2023, substantial differences in...

Goldman Sachs to Invest in Greek Real Estate, Tourism

American multinational Goldman Sachs is set to join other foreign companies that have been investing in Greek real estate, which is booming. According to a report in the Wall Street Journal, the American company will initially invest approximately 150 to...

Cheap Airfares Aren’t Coming Back, Airline Executives Say

With travel demand at its highest and supply struggling to keep up, airfares have skyrocketed, leading to massive revenues for airlines, and it looks like that is not going to change. Indeed, Airline executives have announced that cheap airfares are...

Airbnb Addressing Two Huge Complaints: Hidden Fees and Chores

Airbnb has come to a conclusion that fees typically added at the end of a user's selection will now be shown from the beginning in the search results. The decision came about after facing multiple complaints that prices skyrocketed once...

More Than 40% of Greeks Can’t Afford to Take Vacation; Among Highest in EU

This summer has brought throngs of tourists to Greece but a new report found that more than 43 percent of all employed Greek citizens cannot afford to go on vacation. They totaled more than 1.6 million of the 38 million...

Prices of Goods Continue to Increase in Greece

Prices of everyday goods in Greece continue to increase, which has caused shoppers to cut back significantly in recent months. The cost of everything from electrical appliances, cars, milk, and soap has increased substantially in Greece, much like in most...

Price of 5-Star Hotel Rooms in Greece Skyrockets by a Whopping 110 Percent

The price of hotel rooms in Greece has risen to astronomical heights compared to 2019, according to research published this week by a tourism intelligence provider. According to a report by Mabrian Technologies, the average price of a 5-star hotel...

Top Greece Destinations Too Expensive for Locals

Due to the country's economic crisis, many vacation destinations in Greece have become exceedingly expensive, so much so that average Greeks cannot afford to travel in their own country. Much like in many parts of the world, the inflation rate...