News In English
Greece Moves Ahead with Chevron-Backed Hydrocarbon Exploration in South Crete
The decree paves the way for granting exploration and exploitation rights in the "South Crete 1" and "South Crete 2" zones, both situated in deep waters of the Eastern Mediterranean.
Athens Undergoes a Tourism Boom, Edging Closer to Becoming a Year-Round Destination
Athens is witnessing a rapid expansion of its luxury accommodation offerings, especially in the central district, which now hosts 34 five-star hotels—a 62% increase compared to 2019.
Bomb Explosion Outside Hellenic Train Offices in Central Athens
No injuries were reported. Greek authorities have confirmed that the country’s Counterterrorism Unit has taken over the investigation.
Mitsotakis Under Pressure Over ‘Team Truth’ and Blue Skies Allegations
Despite mounting political pressure, the government has yet to issue a formal response to the report’s findings.
Mitsotakis Plays the Long Game, But Voters May Demand More Than Words
Greek Prime Minister Kyriakos Mitsotakis has laid out his strategic vision for the next two years—an election-defining period—during a regional tour in Central Greece on Thursday.
“I Don’t Speak Greek”: Spyware Tycoon Threatens to Fire Lawyers in Explosive Trial Start
The trial is being closely watched both in Greece and abroad, not only for the potential political fallout but also because prominent Greek political figures are involved as witnesses for the prosecution.
Greek Voters Reject Government - But Offer No Alternative
Three new opinion polls released on Thursday have highlighted a significant shift in Greece’s political landscape, offering a snapshot of growing discontent with mainstream parties and the rising appeal of anti-establishment voices.
Greece Unveils €19 Billion Defense Plan with Focus on Transparency and Long-Term Strategy
Greece has laid out an ambitious new defense procurement plan that stretches over a decade and includes nearly €19 billion in projected spending through 2036.
Greece Moves Forward with Chevron Hydrocarbon Exploration Agreement
The Greek government is set to sign a new ministerial decision today, Friday, defining the precise maritime coordinates for offshore hydrocarbon exploration blocks as part of its collaboration with U.S. energy giant Chevron.
Fuel prices in Greece drop significantly ahead of Easter travel
The average retail price for 95-octane unleaded petrol has dropped to €1.785 per liter, from €1.976 last Easter in Greece.
Greece grants major tax relief to freight forwarders with retroactive VAT exemption
The newly tabled amendment grants a retroactive value-added tax (VAT) exemption covering a full decade for auxiliary services provided by licensed freight forwarders in Greece to airline companies.
Greece’s green energy boom risks grid meltdown without urgent reform
Electricity grid operators have resorted to emergency curtailments, forcing renewable producers to reduce or shut off output during peak generation hours.
Maria Karystianou Calls Press Conference Amid Mounting Scandal Over Tempi train disaster investigation
Maria’s Karystianou message for Tempi is clear: the truth must come to light.
Greece to halt criminal charges for debtors complying with payment plans
The proposed changes would suspend criminal charges for any debtor whose debt is under a formal collection freeze.
Greek Court Begins Trial in High-Profile Predator Spyware Scandal
A trial opens in Athens on Thursday, linked to one of the most high-profile surveillance cases in recent European history. Four individuals are facing misdemeanor charges for allegedly using the Predator spyware to monitor private communications.
Greece’s Predator Spyware Trial Opens, Leaving Key Players and Evidence in the Shadows
A trial tied to Greece’s sprawling wiretapping scandal opens Thursday, April 10, in an Athens misdemeanor court—but many see it as little more than political theater.
Nationwide Strike in Greece on April 9: Major Disruptions in Transport, Aviation, and Public Services
Greece is set to come to a standstill on Wednesday, April 9, as a nationwide 24-hour strike disrupts transportation, aviation, and public services across the country.
FTSE Russell Keeps Greece on Watch List, Delays Upgrade to Developed Market Status
FTSE Russell has decided not to proceed with an upgrade of Greece’s market status, choosing instead to keep the country on its Watch List for a potential future reclassification.
What the Escalating US-China Trade War Means for Greece
As the trade war between the United States and China enters a new and more aggressive phase, the global economic landscape is bracing for impact.
Bank of Greece Warns Against Profit Tax on Banks
The Bank of Greece has issued a cautionary note on the potential risks of imposing a tax on bank profits, warning that such a policy could undermine both the financial sector and the broader economy.
«Child Penalty»: How Motherhood Hinders Women’s Careers in Greece
Among European countries, Greece stands out as one of the places where having a child is particularly detrimental to a woman’s professional trajectory.
Justice System Reforms Could Unlock Investment and Productivity Gains in Greece
The judicial process, IMF's report argues, would significantly enhance the Greek state’s ability to enforce laws, restructure struggling businesses more effectively, and create a more reliable institutional environment for investors.
IMF Sees Improved Sustainability of Greek Debt, But Challenges Persist
The IMF flagged several lingering structural weaknesses.
Greece’s Economic Policy Hits Repeat: Familiar Promises, Little Delivery
This latest unveiling was presented with confidence and ceremony, echoing the language of change and ambition.
Metlen Strengthens Ties with Defense Elite in Major Deals
Just weeks earlier, Metlen signed a Memorandum of Exclusive Cooperation with Iveco Defence Vehicles (IDV), a major player in military-grade trucks and combat vehicles.
IMF Urges Greece to Stay the Course on Reforms as Economy Gains Momentum
The IMF expects global energy prices to stabilize, helping headline inflation in Greece ease further.
Greece Surprises Markets with Strategic Buyback of GDP-Linked Bonds from Debt Crisis Era
In a surprise move that signals a final break from its bailout-era legacy, Greece’s Public Debt Management Agency (PDMA) has announced the early buyback of GDP-linked bonds issued during the country’s dramatic 2012 debt restructuring, known as the Private Sector Involvement (PSI).
Foreign Investment Surges into Athens' Elite Private Schools
Some of Athens’ most prominent and historically respected private schools are now part of global education networks, as international investment continues to reshape Greece’s educational landscape. A wave of acquisitions that began in late 2024 has seen elite institutions pass into the hands of major foreign education groups, marking a significant shift in the country’s private education sector.
Greek Shipping Faces Headwinds from Trump’s New Tariffs
Greece’s influential shipping sector is starting to feel the strain from the latest wave of U.S. tariffs announced by President Donald Trump—particularly in the critical areas of container and vehicle transport. These two segments make up a sizable portion of the Greek-owned fleet, which plays a key role in facilitating global trade and is heavily tied to U.S. import demand.
Global Markets Watch Gold After Steep Sell-Off Amid Broader Market Turmoil
After Friday’s sharp downturn, when investors rushed to liquidate gold positions to cover losses from broader market disruptions, global attention has turned to the precious metal’s response. Monday's trading session is seen as a key test of gold’s resilience—will the selling pressure persist, or will gold reassert itself as a reliable safe-haven asset?
Greece Enters the European Digital Infrastructure Map with Ambitious High-Tech Projects
Greece is making a bold entry into Europe’s digital infrastructure landscape with the launch of three interconnected flagship projects: the national supercomputer Daedalus, a new high-tech data center in Lavrio, and the country’s first Artificial Intelligence hub, Pharos. These initiatives aim to position Greece as a serious contender in the fields of high-performance computing and AI innovation.