News In English
Green Energy Oversupply Sends Greek Electricity Prices Below Zero
On May 1st, Greece experienced an extraordinary energy market event that reflects a broader trend gripping Europe: for six consecutive hours, the Greek electricity market registered negative prices, plunging to a record low of -€50 per megawatt-hour at midday.
Greece’s New Security Secretariat Raises Fears of Institutional Undermining
In a move that has sparked alarm among experts and constitutional observers, Greek Prime Minister Kyriakos Mitsotakis has unilaterally established a General Secretariat for National Security—a powerful new structure placed directly under his control.
OECD Flags Greece’s High Tax Pressure on Workers
What is particularly striking in the Greek case is that this increasing burden hasn’t come from a deliberate hike in tax rates or social contributions.
Athens Gears Up for Major International Defense and Security Showcase: DEFEA 2025
This year’s edition of DEFEA confirms its growing international stature, with 436 exhibitors from 37 countries, 18 national pavilions, and 98 official delegations from 45 nations.
Attica’s Water Supply at Risk, Warns Greece’s Main Water Utility
As concerns over water scarcity grow, especially in light of increasing drought frequency and climate pressure, EYDAP’s CEO, Haris Sachinis, presented a broader plan to address water security for Attica.
A Greek Bank’s Bold Answer to Europe’s Demographic Challenge
Greece has long faced population decline, especially in its remote and border regions.
Greece’s Fiscal Strategy Faces Questions Over Tax Windfall and Investment Optimism
One of the most striking claims is that anti-tax evasion reforms implemented in 2024 will lead to a permanent increase in annual tax revenues of over €2 billion.
Thousands of Property Owners up in Arms Over New Building Regulations
Under the new regulations, only plots larger than two stremmata (around half an acre) with direct access to a recognized public road will qualify as buildable within these small settlements.
Too Little, Too Late? Greece Struggles to Tackle Demographic Challenges
Among the measures are significant increases in child benefits, tax breaks for working parents, and incentives to encourage larger families.
Greek Prime Minister Mitsotakis to Attend EPP Congress in Valencia
For the Greek delegation, the congress represents more than just a ceremonial gathering.
After Tempi Tragedy, Greece Moves to Reinvent Its Railway Safety
Technological upgrades include mandatory installation of high-precision GNSS receivers and satellite internet in all locomotives.
Metlen Charts New Future with London Listing and Breakthrough in Circular Metallurgy
Mytilineos presented the company’s broader transformation strategy, termed the "Big THREE Transformation".
Former Greek Transport Minister Faces New Scrutiny Over Deadly Train Crash
Former Greek Transport Minister Kostas Achilleas Karamanlis is once again under intense political scrutiny, as judicial authorities move closer to referring him to Parliament over potential criminal liability in the 2023 Tempi railway disaster.
Metlen Gathers Global Attention Ahead of London Listing
Today, market attention turns to London, where Metlen is hosting its highly anticipated Capital Markets Day.
Regulatory and Financial Red Flags Mount Over Piraeus–Ethniki Deal
Reflecting the broad consensus among market insiders, it has been repeatedly noted that the sale of Ethniki Insurance by CVC Capital Partners Fund VII to Greece’s Piraeus Bank, at a valuation of €600 million, amounts to a significant "gift" to the private equity fund. It represents an exceptionally favorable exit strategy for CVC’s investors, rather than a deal based on strong fundamentals.
Greece Climbs in European Travel Rankings Despite Changing Tourist Trends
European travelers are showing a growing appetite for new destinations and less crowded periods, influenced by broader economic and geopolitical uncertainty.
Golden Visas and Global Uncertainty Fuel Greece’s Property Boom
Foreign investment in Greece’s real estate market soared to record levels in 2024, fueled largely by capital inflows from Europe and a surge in demand from Turkish investors seeking safer opportunities abroad.
Mysterious Ground Cracks Alarm Residents of a Greek Village
Concerns are mounting in the village of Voutes, near Heraklion in Crete, where unusual ground fissures have appeared, damaging homes and unsettling residents.
EU Lawmakers Urge Greek PM to Crack Down on Tanker Sales to Russia’s Shadow Fleet
The lawmakers are calling on the Greek government to tighten controls over the sale of ships to third countries, prevent further transfers to suspicious entities, and maintain efforts to restrict ship-to-ship transfers of Russian oil in Greek waters.
Construction Costs in Greece Keep Climbing, Despite Signs of Slowing
One exception to the inflationary trend was diesel fuel, which dropped by 7.3% year-on-year, offering a rare reprieve amid otherwise rising costs.
Greece Targets Struggling Regions with New Investment Incentives
Tourism projects in areas affected by natural disasters will also be eligible for support.
Patient Catches Fire During Surgery at Greek Hospital
The fire reportedly broke out near the end of the procedure due to a suspected malfunction in a piece of electrosurgical equipment known as a diathermy unit—commonly used to cauterize blood vessels during surgery.
Greek Households Spend More Than They Earn as Savings Rate Dips
Greece’s household savings rate dropped deeper into negative territory, falling to -4.1% from -1.1% in Q4 2023.
Invest €250K in Greek Innovation, Get a Visa: Greece Expands Startup Residency Path
Greece is expanding its appeal to foreign investors by linking its thriving startup ecosystem with the country’s Golden Visa program—a move that allows non-EU nationals to gain residency by investing in innovative Greek companies.
Metlen Aims to Double EBITDA by 2028, Driven by Strong Growth and Strategic Projects
Metlen is charting an ambitious path toward doubling its EBITDA by 2028, backed by strong financial performance and a focused strategic direction.
Greek Defense Industry Dialogue Falls Flat as Mitsotakis Makes Fleeting Appearance
Prime Minister Kyriakos Mitsotakis made only a fleeting appearance during Thursday’s meeting with representatives of Greece’s defense and technology industries at the Maximos Mansion, leaving many attendees feeling underwhelmed.
Greek Court Rejects Defense Challenge in Predator Spyware Trial
In Athens, the third hearing in Greece’s controversial Predator spyware trial was marked by another failed attempt by defense attorneys to annul the prosecution, a new court-ordered delay for document translations, and a surprising show of solidarity between defense lawyers representing different defendants.
Greece Extends Deadline for Wildfire Lot Clearing Amid Rising Climate Concerns
The Greek government has announced a 45-day extension for property owners to clear their plots of land ahead of the country’s wildfire season, in a move aimed at strengthening fire prevention efforts amid growing climate challenges.
Tsipras Warns: Progressive Forces Must Unite Against Rising Far Right
Tsipras cautions that if democracies begin to accept the dominance of the strong in international relations, they risk legitimizing the same principle at home.
Mitsotakis Commits to Full Term, Eyes Third Mandate for New Democracy
Greek Prime Minister Kyriakos Mitsotakis has reaffirmed his commitment to completing a full four-year term in office and leading the center-right New Democracy party into the next national elections.
Young Greek Entrepreneurs Showcase Innovation on a Global Stage
Each team showcased their products at specially designed booths, offering visitors a glimpse into the creativity and determination of Greece’s next generation of entrepreneurs.