Budget Office warns against 'excessive nominal wage increases' in 4Q2023 report

Business 2 April 2024 10:45

Nominal wage increases should not be excessive, the Greek parliament's Budget Office warned in a report released on Monday on the 4th quarter of 2023,CE Report quotes Athens-Macedonian

The Budget Office said these raises should be proportionate to economy's ability to sustain them. It also said that the Greek economy continues to grow, while the growth rate of real GDP in the 4th quarter of 2023 at 1.2% compared to the 4th quarter of 2022 (2.0%) and 2023 overall.

Tags

Gold Surges on Trade Tensions

21 April 22:15

Gold prices soared to a new all-time high on Monday, with an ounce reaching $3,405.19 amid growing global trade tensions and investor uncertainty. By 1200 GMT, the price slightly eased to $3,404.40.

CLIA Urges Rethink on Greek Port Fee Hike

21 April 14:30

The cruise industry is ready to cooperate with the Greek government and port authorities to develop infrastructure in emerging destinations, said CLIA President and CEO Bud Darr in an interview with ANA-MPA.

Emirates Expands in Greece

20 April 18:44

Emirates continues to deepen its investment in the Greek market, having served over 4.5 million passengers since launching operations in 1996, according to Area Manager for Greece and Albania Ibrahim Ghanim.

S&P Upgrades Greece

19 April 19:43

Standard & Poor's has upgraded Greece's sovereign credit rating from BBB- to BBB with a stable outlook, citing the country's "unwavering fiscal discipline" and improved tax compliance.

Fuel and Power Prices Fall

18 April 23:35

Fuel and electricity prices are falling, according to the latest data from the Greek Ministry of Development (April 11).

Food Prices Up Before Easter

18 April 22:00

In the week leading up to Easter, wholesale food prices in Bulgaria saw a modest increase, according to data from the State Commission for Commodity Exchanges and Wholesale Markets.

Fuel Prices Hit New Lows in Moldova

18 April 16:00

Fuel prices in Moldova continue to decline, with diesel reaching a historic low of 18.40 lei per liter — a level last seen in January 2022, before the war in Ukraine and the European energy crisis.

Budget Office warns against 'excessive nominal wage increases' in 4Q2023 report

Tags

Related articles

Most read

Press Releases

Features