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12
Oct 2026
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Jerome Powell: Oil price rally will lead to a rise in inflation in the short term

The impact of developments in the Middle East on the US economy is uncertain, the head of the Federal Reserve said in a statement

Fed: interest rates unchanged amid war and energy crisis

Interest rates were maintained in the 3.5% to 3.75% range as the oil rally boosts inflationary pressures and pushes back expectations for the first cut of the year since the autumn

Energy anxiety in Europe, 50% chance of recession in the US: The economic victims of the war in Iran

Oil in Europe flirts with $110 per barrel, natural gas up 94% since the start of the year – The most expensive gasoline in the US since summer 2022, when the war in Ukraine was raging – What Politico writes about Asian countries pushing demand and driving prices higher

Oil in Europe is heading toward $110 after the strike on an Iranian natural gas facility – up 80% since the beginning of the year

The escalation of attacks on Iran’s critical energy infrastructure, such as the South Pars gas field, is triggering a new surge in prices

Gulf economies on the brink of recession due to the war in Iran

The conflict shows no signs of easing, with Iran continuing to attack neighbors across the region in retaliation for strikes by the US and Israel

INSEETE: 31 million international air arrivals in 2025, Athens and Thessaloniki show strong growth

Data indicate a trend toward extending the tourist season, with the highest increases recorded outside the summer peak

A total of 160 Greek seafarers are in the Middle East

The Greek government is closely monitoring the safety of seafarers as attacks on energy facilities in the region increase

Tax declarations for properties: The pitfalls that “burn” the tax exemption – Which owners risk paying due to a mistake

Whether they will ultimately receive the tax exemption is not guaranteed, but will be determined by the correct completion of the forms and, above all, by how the property’s history is recorded in previous years

Oil prices rise over 3% again – Brent above $103 amid strait crisis

Rising tensions in the Strait of Hormuz and the reluctance of U.S. allies to escort tankers have driven another surge in crude prices, increasing uncertainty

Minimum wage: which workers will get increases from April 2026

The government plans two increases to the minimum wage to reach €950 by 2027. Additionally, salary increases of 15%-20% are expected due to the reinstatement of collective labor agreements

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