News In English
Greece Races to Revise EU Recovery Plan Amid Risk of Losing Billions
The challenge stems from a set of 258 milestones—ranging from digital upgrades to infrastructure reforms—that Greece must fulfill to unlock future tranches.
Greece’s Housing Program Triggers New Property Price Surge
Greece’s recently relaunched housing initiative, “My Home 2,” has sparked a fresh wave of property price increases across the country, just weeks into 2025.
Wildfires in Greece Spread Beyond Traditional Season
Greece is witnessing a troubling transformation in its wildfire patterns.
Athenian Hotels See Strong Start to 2025 with Rising Occupancy and Revenue
Athens kicked off 2025 with a strong performance in its hotel sector, as new data from the Athens-Attica & Argosaronic Hotel Association shows promising growth across all key metrics in the first quarter of the year.
Final Testing Nears Completion for Crete-Attica Power Interconnection Project
Greece is moving into the final phase of one of its most ambitious energy infrastructure projects: the Crete-Attica electricity interconnection.
Greece's Water Infrastructure Nears Breaking Point
To help fund the required infrastructure, water pricing is expected to increase in certain areas.
Greece and Egypt Forge Strategic Alliance Amid Regional Tensions
Greece and Egypt have formally elevated their bilateral relationship to a strategic partnership, as Prime Minister Kyriakos Mitsotakis and President Abdel Fattah el-Sisi convened on Wednesday in Athens for the first Greece-Egypt High-Level Cooperation Council.
Eurobank Named Top Employer for Greeks Abroad in National Effort to Reverse Brain Drain
Eurobank has been recognized as the “Top Employer for Greeks from Abroad” by the nonprofit initiative Hellenism in Action – BrainReGain, for its leadership in helping reverse the country’s long-standing brain drain and reintegrate highly skilled Greek professionals into the domestic job market.
Tikun Olam Greece’s Unknown Investors Revealed Amid Bond Conversion
In recent years, Greece has emerged as a budding hub for medical cannabis in Europe, aided by a flexible and progressively evolving regulatory framework.
Accountants in Greece Penalized for Failing to Report Suspicious Transactions
In Greece, a growing number of accountants and tax professionals are facing severe legal consequences as authorities intensify efforts to combat tax evasion and money laundering.
Greece Mobilizes Tax Inspectors for Summer Season in Tourist Hotspots
As Greece prepares for another busy summer, its Independent Authority for Public Revenue (AADE) has announced a nationwide mobilization of tax inspectors to bolster compliance in key tourist regions.
From Ancient Roots to Startup Routes: Athens Debuts Panathēnea 2025
A new international festival rooted in ancient tradition but focused firmly on the future opens today in Greece’s capital. Panathēnea 2025 marks the debut of a unique initiative designed to connect the global startup and venture capital community through dialogue, competition, and celebration.
Thriasio Freight Center Project Hits a Wall: Funding Shortages and Bureaucracy Stall Greece’s Key Logistics Hub
The ambitious project to build, operate, and manage Greece's first major freight and intermodal logistics center at Thriasio Pedio has ground to a halt.
Greece’s Housing Crisis: Government Promises Meet Mounting Pressure
In an article published on Tuesday, Greek Prime Minister Kyriakos Mitsotakis outlined his government’s strategy for addressing the country’s growing housing crisis, framing the issue as both a social emergency and a political priority.
Greek Defense Minister Vows to End Legacy of Scandal in Military Spending
At the opening of the DEFEA 2025 international defense exhibition in Athens on Tuesday, Greek Defense Minister Nikos Dendias delivered a pointed message that reached beyond the confines of ceremonial protocol.
Piraeus Bank Sets Sights on €1.9 Billion in Net Interest Income for 2025
Piraeus Bank has outlined its financial roadmap for 2025, aiming to generate €1.9 billion in net interest income (NII), despite facing headwinds from declining interest rates in the Eurozone.
Who Really Controls the Pace of Bank Shareholding Approvals in Greece?
When an investor wants to acquire or increase a qualifying stake in a Greek bank, their application must first be submitted to the Bank of Greece.
Greek-American Businessman Christos Marafatsos Visits Greece, Meets with V Group Leadership
Because of his close alignment with the Republican Party and his reported connections to Trump-aligned political figures, Marafatsos is widely perceived to have access to influential decision-makers in Washington.
Campus Violence Prompts Greek Government to Threaten University Expulsions
The Prime Minister distinguished between legitimate free expression and violent behavior masquerading as activism.
Greek Polls Reflect Demand for Change, Absence of Leadership
Opinion polls suggest that while dissatisfaction with the government remains widespread, the absence of a compelling alternative in the opposition continues to benefit Prime Minister Kyriakos Mitsotakis and his party.
Greece’s Shadow Economy Persists Despite Optimistic Claims
Of the €23 billion in property sales, only €1.5 billion was financed through mortgage loans. In other words, over 90% of these purchases occurred without bank financing, raising serious questions about the origin of the funds.
Metlen Begins Strategic Overhaul with Major Subsidiary Merger
Greek industrial and energy group Metlen has officially launched a sweeping reorganization of its operations, marking the beginning of a new growth phase driven by structural reforms and consolidation.
Greece Moves to Stabilize Construction Sector After Court Ruling Halts Building Bonuses
Greece’s government is preparing to introduce a critical amendment to Parliament on May 12, in an effort to stabilize its construction sector following a major legal setback.
Greek Statistical Authority Investigates Labour Costs Across Key Sectors
The Hellenic Statistical Authority (ELSTAT) has announced the launch of a major labour cost survey, targeting over 7,000 businesses across Greec
Greeks Lead Europe in Weekend Work, Eurostat Data Shows
Greece tops the European Union in weekend work, with recent Eurostat data revealing that nearly one in three workers in the country (32.3%) works seven days a week.
Piraeus Port to Get First Major Revamp Since Cosco Takeove
Greece is moving forward with an ambitious plan to modernize the passenger facilities at the Port of Piraeus, the country’s largest and busiest harbor, just weeks before the peak summer tourism season begins.
Petros Molyviatis, Architect of Modern Greek Diplomacy, Dies at 97
His long and respected diplomatic career coincided with some of the most turbulent moments of the Cold War and the shifting geopolitical landscape of the Balkans, allowing him to develop deep expertise in international relations and European affairs.
RSF Monitors Predator Trial in Greece Amid Press Freedom Concerns
The Predator case, now unfolding at the Athens Court of First Instance, involves executives from the companies Intellexa and Krikel, which are accused of facilitating the use of the illegal spyware.
Greece Lags Behind EU in Safeguarding Against Security Risks from Foreign Investments
The timing of Greece’s long-overdue move is particularly striking given that the European Union is already preparing to go a step further.
Greek Consumers Remain the Most Pessimistic in the EU – 66% Expect Economic Downturn
This places Greece well ahead of other EU nations in terms of pessimism, with Estonia and Slovenia trailing behind at -36.7 and -29.3, respectively.
EU Eyes Flexible Gas Storage Rules to Ease Prices – A Boost for Greece
One of the most notable revisions involves reducing the mandatory fill level for gas storage from 90% to 83%, to be achieved annually between October 1 and December 1.