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Main operational costs in Greece

 



Main operation costs in Greece

 

 

Indicative telephone charges (2002)
 Telephone installation charges*
29.34 Euro
 Telephone transfer charges*
29.34 Euro
 International phone call charges from Greece per minute**
 Zone I*** : 0.246 Euro
 Zone II*** : 0.293 Euro
 Rest of world : 0.528 - 1.907 Euro
* Free, if another line exists in the same premises
** VAT not included
*** Zone I: Western Europe, S.E.E., North America, Japan, Australia
Zone II: Latin America, Eastern Europe 
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Indicative water charges for industrial use* (2002)
 Urban
0.72 - 0.85/m³ Euro
 Regional
0.10 - 0.38/m³ Euro
* progressive increase depending on consumption 
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Indicative electricity prices per kWh for industrial use (2002)
VAT not included
 Low voltage
4 month charge
 
 Peak
 Off peak
0.11813/kWh Euro
0.03661/kWh Euro
    
Tariff B1/B
 First 400kWh
 Next kWh
0.04222/kWh Euro
0.02801/kWh Euro
Tariff B2/B
 
0.05523/kWh Euro
Tariff B15B*
 Peak
 Day
 Night
0.06336/kWh Euro
0.03240/kWh Euro
0.02396/kWh Euro
Tariff B25B*
 Peak
 Day
 Night
0.08695/kWh Euro
0.04447/kWh Euro
0.03286/kWh Euro
 High voltage
 
 Peak
 Middle
 Low
0.04565/kWh Euro
0.03163/kWh Euro
0.02347/kWh Euro
*These tariffs are used only if the subscribed demand
during peak hours is at least 3.000kW   
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Indicative prices for oil derivatives (April 2003)
 Heavy heating oil (high sulfur)
249 Euro/Ton
 Heavy heating oil (low sulfur)
271 Euro/Ton
 Heating diesel
334 Euro/Th. Lit.
 Diesel for motors
662 Euro/Th. Lit.
Source: Ministry of Development
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Indicative prices for natural gas (April 2002)
For industrial use in the greater Athens area
 Consumption up to 1.000 m³/2 months
 0,3228 Euro/m³
 Consumption between 1.000 m³ 10.000m³/2 months
 0,3081 Euro/m³
 Consumption over 10.000 m³/2 months
 0,2641 Euro/m³
 For industrial use in Thessaloniki and Thessalia
 Consumption up to 400 Nm³/year
 0,3450 Euro/Nm³
 Consumption up to 3.000 Nm³/year
 0,2339 Euro/Nm³
 Consumption over 3.001 Nm³/year
 0,2222 Euro/Nm³
Source: Public Gas Corporation
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Rental Facilities
 Office rent in Athens
9-15 Euro per m²
 Apartment rent in Athens
4-9 Euro per m²
Prices are valid for the 1st semester of 2003
Source: Hellenic Industrial Development Bank
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Indicative interest rates for business loans (April 2003)
1. Long-term loans
    EURIBOR (1 year): 2,419% + 1% bank spread
    Bank loans for asset acquisition: 6,75% + 0-4% spread (depending on the customer)
2. Working capital loans: 6,5% + 0-4% spread (depending on the customer)
Source: National Bank of Greece, economic press 
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Land acquisition cost in selected industrial areas
(indicative prices in €)
INDUSTRIAL AREA
 Price per 1.000 m²
ALEXANDROUPOLIS (Thrace)
 10.300
VOLOS (Thessalia)
23.500
IRAKLIO (Crete)
58.694
LAMIA (Sterea Hellas)
24.500
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  BUSINESS IN ATHENS
  AND GREECE
  ESTABLISHING A COMPANY
  IN GREECE
  MAIN OPERATION COSTS
    Telephone
    Water
    Electricity
    Oil
    Gas
    Rent
    Interest rates
    Land

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