From today many goods and services become more expensive as of June 1st the new VAT hike comes into effect with the rate growing from 23% to 24%, while the salaries continue shrinking.

The government is already drafting the bill to close the remainder of open issues before the next Eurogroup meeting on May 24. This includes a rise in VAT, Non Perfoming Loans, setting up a new Privatization Fund and the Contingency Mechanism.