News In English
Greek Tax Appeals Body Clarifies Inheritance Tax Exemption for Overseas Bank Deposits
The Greek tax authority rejected the exemption and issued an additional tax assessment, arguing that the exemption did not apply.
Greece Files Criminal Complaint Against 18 Influencers Over Illegal Online Gambling Promotions
Investigators say the influencers posted videos and images online portraying gambling as a quick route to wealth.
Can AKTOR Deliver on Its €3 Billion Transformation?
The company, led by Chairman and Chief Executive Alexandros Exarchou, plans to raise €950 million through a €650 million share offering and a €300 million bond issue.
Intrum Hellas to Pay €10 Million Interim Dividend Despite Profit Decline
The company maintained a strong liquidity profile, with its current ratio standing at 257.4%.
Alexis Tsipras Rules Out Alliances With Greece’s Old Left
Speaking on Alpha TV, Tsipras said the Hellenic Left Alliance was created to fill what he described as a large vacuum in Greece’s political system after years in which Prime Minister Kyriakos Mitsotakis’s center-right government faced no strong opposition.
A Decade Later, Questions Linger Over One of Greece's Biggest Banking Investigations
At the center of the case was a special supervisory audit carried out by the Bank of Greece in 2017 at Piraeus Bank. The audit's findings, which were forwarded to prosecutors later that year, formed the basis of a judicial investigation that lasted nearly three years but ultimately never reached a public criminal trial.
Greece’s New Health Insurance Index Faces an Early Test
Greece’s statistical authority is set to release the first Annual Adjustment Index, a metric designed to serve as an objective reference point for premium increases in long-term health insurance policies.
Tsipras’ New Party Emerges as Greece’s Main Opposition Force, Poll Shows
The survey suggests that Tsipras’ newly formed Hellenic Left Alliance (ELA) is rapidly consolidating support and widening its lead over traditional opposition parties, while the once-dominant Syriza party continues its steep decline.
PPC Acquires CVC’s Stake in Cloudevo, Taking 80% Control
The deal forms part of PPC’s broader strategy to expand its digital capabilities and strengthen its presence in fast-growing technology sectors linked to data management and artificial intelligence.
Greece Moves to Shield Renewable Energy Producers From Zero - Price Power Market Penalties
Under legislation submitted to Parliament this week, renewable energy producers will no longer lose state-backed operating support when wholesale electricity prices fall to zero.
Greece Keeps Journalists Locked Out of Corporate Ownership Registry Despite EU Transparency Push
A joint decision by Greece's finance and digital governance ministries envisaged that individuals and legal entities able to demonstrate a legitimate interest would be granted access to beneficial ownership information from December 31 onward.
Tsipras Unveils Shadow Cabinet in Bid to Rebuild Greece's Left
The shadow cabinet brings together academics, former government officials, policy experts and technocrats tasked with developing proposals across key areas of public policy.
Greece’s New Mortgage Relief Plan Sparks Debate Over Fairness as Thousands Are Left Out
Thousands of borrowers who lost their restructuring arrangements over the past decade—often because they lost jobs, suffered income declines or struggled with rising living costs—will receive no comparable benefit.
Can Gaming Become Greece’s Next Economic Success Story?
According to research by Greece’s Foundation for Economic and Industrial Research (IOBE), global consumer spending on digital games reached $177.8 billion in 2024, up 31.3% from 2018.
Greece Plans Central AI Registry for Government Systems, but Questions Remain Over Oversight
The measure is included in draft legislation implementing the European Union's AI Act, which was released for public consultation this week.
Giochi Preziosi Greece Cuts Losses as Parent Company's Restructuring Casts Shadow
The wholesaler of toys posted revenue of €10.84 million for the year, down about 3% from €11.16 million in 2023, according to financial statements filed this week.
Belgian Qatargate Probe Reaches Former EU Commissioner Avramopoulos
The warrant cannot be executed unless the Greek parliament first votes to lift the immunity of Avramopoulos, who currently serves as an MP for the ruling centre-right New Democracy party.
Greek Government Faces Fresh Questions Over Predator Spyware Export Licenses
The dispute centers on export licenses granted for Predator, the controversial surveillance software that became the focus of a major political scandal in Greece and drew attention from European institutions over concerns about illegal surveillance and rule-of-law standards.
The Ship Graveyard Beneath Greece's New Port Gateway
Beneath the calm waters of Elefsina Bay, west of Athens, lies one of the largest concentrations of shipwrecks in Greece—a submerged legacy of decades of industrial decline, abandoned vessels and maritime neglect.
EU Parcel Charge Offers Relief to Greek Retailers — If It Works
As the European Union prepares to impose a new €3 customs charge on low-value parcels from outside the bloc beginning July 1, retailers in Greece are watching closely to see whether the measure can slow the flood of cheap goods arriving from Chinese e-commerce giants such as Temu, Shein and AliExpress.
Mitsotakis’ Problem on the Right Has a Name: Antonis Samaras
Greek Prime Minister Kyriakos Mitsotakis says the country's next election is still a year away. Inside his ruling New Democracy, however, a different clock is ticking.
Greek Universities Slip in Global Rankings as International Competition Intensifies
Greek universities have fallen further behind their international peers in the latest global rankings, highlighting persistent challenges in attracting foreign talent, building international research networks and enhancing academic reputation at a time when competition in higher education is accelerating worldwide.
Housing Costs in Athens and Thessaloniki Consume More Than Half of Average Salaries
The cost of renting a modest apartment in Greece's two largest cities continues to place significant strain on household budgets, with tenants now spending more than half of their income on housing.
Ferry War Erupts in Greece’s Cyclades as Rivals Clash Over Market Power
A ferry battle is intensifying in Greece’s Cyclades, as Seajets expands its position through vessel acquisitions and aggressive pricing, prompting smaller rival Fast Ferries to ask Greece’s competition authority to examine whether the market is moving toward excessive concentration.
Nearly Half of Greeks Take Antibiotics Every Year, Study Finds
Around 45% of Greece’s population receive at least one course of antibiotics annually.
Greece's New Housing Plan Raises More Questions Than Answers
Τhe proposed measures appear limited when compared with the scale of the housing crisis.
From Parcel Lockers to Drones, Greece Updates Postal Privacy Rules for the Digital Age
The new framework replaces regulations that had been in force since 2005.
U.S.-Backed Corridor Opens Door to New Infrastructure Investment in Greece
The legislation formally integrates the Eastern Mediterranean into the corridor’s strategic framework, underscoring the region’s growing importance.
IMF Flags Weaknesses in Bank of Greece Supervision of Non-Systemic Banks
The findings were published in a report prepared under the IMF's Financial Sector Assessment Program (FSAP), which reviewed the Bank of Greece's supervision of several non-systemic lenders.
Greece Presses Ukraine Over Drone Incident During Mitsotakis-Zelensky Meeting
The issue surfaced during a meeting between the two leaders ahead of a European Council summit in Brussels, where they discussed the latest developments in Russia's war against Ukraine.
Greece’s Non-Dom Regime: A Growing Magnet for Global Wealth
In recent years, Greece has steadily repositioned itself within the global landscape of wealth migration. Beyond its traditional appeal as a world-class tourism destination, the country is increasingly becoming a premier European hub for residency, investment, and long-term wealth planning by internationally mobile high-net-worth individuals (HNWIs).