News In English
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.
Greece’s Tourism Outlook Faces Uncertainty Amid U.S. Tariff Fallout
While Greek exports of food, fuel, and metals to the U.S. are relatively limited, the real danger lies in the broader financial consequences of the tariffs, particularly their potential to weaken the U.S. dollar and reduce the purchasing power of American consumers.
Greece Braces for Landmark Court Ruling on Private Universities
Currently, Greece is one of the few countries in the European Union that explicitly prohibits private universities.
Greek Rail Trainees Dismissed After Drug Use Found During Surprise Checks
According to reports, the two dismissed employees- a trainee stationmaster and a trainee signal operator- had not yet completed their required training or final examinations and had not begun official work duties.
Greece Falls Short on Digital Transformation Goals Despite Billions in EU Recovery Funds
The country's national plan included a broad range of digital initiatives, but the distribution of funds did not align with Greece’s most pressing digital needs.
Is the Greek Government Targeting Critical Journalists Behind the Scenes?
In the absence of a clear rebuttal, one crucial question remains: are the allegations true?
Greek PM Mitsotakis Vows to Lead New Democracy into 2027 Elections
Greek Prime Minister Kyriakos Mitsotakis delivered a combative and forward-looking speech to his party’s parliamentary group on Friday, seeking to rally New Democracy MPs around a message of unity, discipline, and confidence in the face of recent political turbulence. In remarks that doubled as a reaffirmation of his leadership, Mitsotakis made clear that he intends to lead his party into the next national elections in 2027—and expects to win.
New Poll Shows Greeks Favor Center-Left Coalition Over Single-Party Rule
The poll highlights that economic issues and the cost of living are currently the most important factors influencing voter decisions.
Greece Advances Plans to Integrate F-35 Jets with Major Infrastructure Overhaul
Τhe inclusion of the F-35s in Greece’s defense arsenal demands «a very long-term investment and, above all, significant infrastructure, which must be developed in Andravida» said Kyriakos Mitsotakis.
Trade Tensions Rise: What the EU’s Dilemma Means for Greece’s Economy
The escalating tensions between Brussels and Washington are forcing EU member states to prepare for a range of economic and geopolitical outcomes.
Greece Fast-Tracks Tax Residency as Global Investors and Expats Flock In
Beginning in June, registering as a tax resident and obtaining a Greek tax identification number (AFM) will take just a few days, replacing a process that currently drags on for months.
Greece’s Business Licensing Platform Missing Key Controls
While the platform is fully operational for licensing procedures, the mechanisms for supervision and enforcement were left out of the initial rollout.
PPC’s €12 Billion Green Investment to Transform Western Macedonia
Western Macedonia, long known for its role in Greece’s lignite-based energy production, is poised for a dramatic transformation. Public Power Corporation (PPC), Greece’s largest energy provider, has announced a sweeping €12 billion investment plan designed to pivot the region from fossil fuel dependency toward a future defined by clean energy and technological innovation.
Greek Exporters on Edge as Trump’s Tariff Plans Threaten Key Food and Beverage Sectors
Greece is watching with growing concern as the Trump administration moves forward with plans to impose new tariffs on European goods, a development that could have serious implications for one of the country’s most successful export sectors—food and beverages.
Mitsotakis Nears Record Low, Poll Show
A new nationwide poll conducted by Public Issue in March 2025 paints a bleak picture of Greece’s political landscape.
Piraeus Port Authority Takes Tax Dispute to Court
According to the tax authority, the company owed an additional €5.23 million in income taxes.
National Bank of Greece Offloads Probank Leasing to Arena-Backed Fund
Arena Investors, the U.S.-based asset management firm headquartered in Florida, has acquired Greek financial leasing company Probank Leasing, marking another significant step in the restructuring of Greece’s non-performing asset landscape.
Greece Extends Deadline for Parnitha Casino Relocation to 2028
The Greek government has approved a three-year extension for the relocation of the Mont Parnes Casino from its current location in the Parnitha National Park to a new site in Marousi, a northern suburb of Athens.
Draft Bill Enables Greek Banks to Carry Forward Tax Losses After Mergers
Greece is rolling out a new tax regime aimed at making bank mergers more financially attractive and strategically viable.
Youth and Gender Disparities Persist Despite Decline in Greek Unemployment
Greece’s labor market showed promising signs of recovery in February 2025, with the national unemployment rate falling to 8.6%, according to new data released by the Hellenic Statistical Authority (ELSTAT).
Super Puma Arms Deal Trial Underway – Spotlight on KESTREL Executives Tsatsos and Komnopoulos
A long-awaited corruption trial is underway in Athens, shedding light on one of Greece’s most notorious defense procurement scandals involving the purchase of Super Puma helicopters.
How the Surge in Electronic Payments Boosted Greece’s Public Revenues
Greece saw a notable boost in public revenues in 2024, thanks to a rapid rise in electronic payments and a sweeping digital overhaul of how businesses issue receipts and report income.
Intralot Reaches $5 Million Settlement in Washington, D.C.
Greek gaming technology company Intralot has reached a $5 million settlement through its U.S. subsidiary, Intralot, Inc., with the Office of the Attorney General for the District of Columbia.
Severe Weather Batters Cyclades: Mykonos and Paros Among Hardest Hits
Severe weather battered the Cyclades islands in Greece on Monday afternoon, with Mykonos and Paros facing some of the most extreme conditions.
Greek Families Face Soaring Costs for Private Tutoring, Exposing Deep Inequalities
Urban households spend significantly more than rural ones, and wealthier families have far greater access to tutoring services.
Athens Stock Exchange Plunges 2.91% Amid Trump Tariff Fears
The benchmark General Index dropped 2.91% to 1,685.24 points, finishing near the session’s lows.
The Church of Greece’s Ambitious FinTech Bank Plan Raises Eyebrows
A recent exposé by the Sunday edition of Kathimerini, one of Greece’s leading newspapers, revealed that the Church of Greece is backing a bold and controversial plan to establish a digital bank—an initiative that has stirred both surprise and skepticism.
ICAP Challenges Greek Defense Systems Tender
Greek firm ICAP Outsourcing Solutions has filed a legal appeal against a public tender issued by Hellenic Defense Systems (EAS), alleging that the terms of the tender are unlawful and unfairly restrictive.