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28/02/24

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Maik:
Today’s bank rates:   
1 €UR = £ 0.8835 GBP   £1 GBP = 1.1318 €UR
1 €UR = $ 1.1206 USD   $1 USD = 0.8975 €UR
1 €UR = $ 1.7120 AUD   $1 AUD = 0.5841 €UR
   
Based on National Bank of Greece exchange rates.   
Other banks likely to offer rates which may be marginally higher or lower.    
Banks and foreign exchange offices normally charge standard 2% commission.   
You may get a better rate changing your holiday money in advance at e.g. the Post Office.   
NB: some f-ex agencies advertise "No Commission".    
Invariably, they deduct commission before they (don't) advertise the rate.   
Foreign exchange offices are businesses, not charities.   
   
Ten day weather forecast for Kefalonia:   
This is an overall forecast, due to the mountainous terrain the weather can be very localised.   
Updated forecast @ weather.com   
   
Day, Date   Hi°/Lo°   Wind sp   Wet   Forecast   
Wed 28/02   19°/13°   25 km/h   07%   Sun & cloud    
Thu 29/02   19°/10°   22 km/h   72%   Rain probable   
Fri 01/03   17°/10°   14 km/h   66%   Showers probable   
Sat 02/03   17°/10°   16 km/h   46%   Showers possible   
Sun 03/03   17°/11°   11 km/h   05%   Sun & cloud    
Mon 04/03   17°/11°   19 km/h   64%   Showers probable   
Tue 05/03   16°/10°   19 km/h   12%   Mostly sunny    
Wed 06/03   17°/09°   13 km/h   37%   Showers possible   
Thu 07/03   16°/09°   17 km/h   47%   Showers possible   
Fri 08/03   16°/10°   18 km/h   24%   Sun & cloud    
   

Maik:

--- Quote ---Post Office confirms boss is under investigation

The Post Office has confirmed that its current boss, Nick Read, is under investigation, after its former chairman Henry Staunton shocked MPs by making the revelation.

Mr Staunton was at a hearing to discuss compensation payments to sub-postmasters at the centre of the Horizon scandal.

The MPs had been told by witnesses earlier in the day that an internal investigation was under way into Mr Staunton over his alleged behaviour while he chaired the company.

However, Mr Staunton alleged that there was actually an investigation into Mr Read.
--- End quote ---
https://www.bbc.co.uk/news/business-68411615

Maik:

--- Quote ---Nicosia seeks Greek help on potato fraud

Cyprus’ Agriculture Minister Maria Panayiotou has requested the assistance of Greek authorities to address the issue of potatoes from different countries being sold as Cypriot potatoes in Greece, in a meeting with her Greek counterpart Lefteris Avgenakis on the sidelines of the Agriculture and Fisheries Council of the EU in Brussels.
--- End quote ---
https://www.ekathimerini.com/economy/1232771/nicosia-seeks-greek-help-on-potato-fraud/

Maik:

--- Quote ---Buyers seek out quiet spots

The Greek property market is this year observing a shift of foreign holiday home buyers to areas that are less popular, but at the same time do not lag behind in natural beauty – quite the opposite.

According to a relevant analysis by Elxis – At Home in Greece, which specializes in the field of holiday homes, this trend is likely to become dominant during 2024. Areas that are unknown to the general public and offer mild tourism development and therefore more peace and quiet, are developing into hot spots for foreign buyers.

...two main regions of the country stand out. The first is the northwest side from Preveza to Igoumenitsa and further south to Palairos and Mytikas in Aitoloakarnania – i.e. the entire part of the mainland that is on the Ionian Sea. The second area of interest is the southern part of Rethymnon and in general the southern side of Crete, which is clearly less developed for tourism than the northern part of the island.
--- End quote ---
https://www.ekathimerini.com/economy/1232689/buyers-seek-out-quiet-spots/

Maik:

--- Quote ---Incomes still haven’t recovered

This year may be the sixth since Greece’s emergence from the bailout mechanism, but the return of incomes to pre-2010 levels is far from being a reality.

One in three households has a monthly income of up to 1,450 euros, when the corresponding ratio in 2008 was about one in four, while now only 11.46% of households have a monthly income of more than €3,500, a percentage that in 2008 was double.
--- End quote ---
https://www.ekathimerini.com/economy/1232774/incomes-still-havent-recovered/

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