News In English
Concerns Grow Over Piraeus Bank’s Acquisition of National Insurance from CVC
The financial sector is closely watching the challenges surrounding Piraeus Bank’s €540 million acquisition of Greece’s National Insurance from private equity firm CVC.
Doxiadis’ Abrupt Exit Undermines Mitsotakis’ Bid for Government Reset
Doxiadis’ resignation comes after accusations from opposition parties regarding his response to protests over the deadly train crash in Tempi.
Can Greece Afford Pre-Election Handouts?
As Greece heads into another election cycle, economic policy is taking center stage in the government’s attempt to regain voter confidence.
Athens Weighs Alliances to Break Deadlock in Greece-Cyprus Energy Project
Greece is weighing its alliances, the broader international landscape, and possible ways to bypass the deadlock that has stalled the Greece-Cyprus electricity interconnection project.
Greek Cabinet Shake-Up Feels More Like a Shuffle Than a Reset
Officials have emphasized that the reshuffle is not simply a recycling of old faces but rather an effort to bring in younger figures to key roles.
Greece, Cyprus, and Israel Strengthen Trilateral Cooperation with Focus on Energy Connectivity
Greece, Cyprus, and Israel are deepening their strategic partnership, with energy connectivity emerging as a key priority, as reaffirmed during a meeting of their Foreign Ministers on Thursday in Athens.
Countdown to Government Reshuffle: Major Changes Expected
The clock is ticking for the much-anticipated government reshuffle, set to take place today, Friday.
Piraeus Bank Faces Investor Scrutiny Over National Insurance Acquisition from CVC
Piraeus Bank is set to face tough questions from analysts and investors in London on Monday over its recent acquisition of a 90% stake in National Insurance from private equity firm CVC.
Greece Introduces New Residency Permit Rules for Foreign Investors
Greece has introduced significant changes to the process of granting residency permits to non-EU nationals investing in the country
V-Dem Institute: Greece in Continuous Institutional Decline – Authoritarian Shift Statistically Confirmed
Greece continues to experience a significant institutional decline, according to the latest Liberal Democracy Index released by the V-Dem Institute at the University of Gothenburg, one of the most respected democracy measurement tools worldwide.
Konstantinos Tasoulas Sworn in as Greece’s New President
Konstantinos Tasoulas has officially assumed office as the ninth President of the Hellenic Republic, succeeding Katerina Sakellaropoulou.
The Costly Acquisition of Ethniki Insurance: CVC Walks Away with Huge Profits, While Piraeus Bank Shareholders Bear the Risk
Why Piraeus Bank CEO Christos Megalou agreed to pay CVC €200 million more than National Bank of Greece CEO Pavlos Mylonas was willing to offer is a question known only to Megalou and the Greek government’s top leadership.
Greece Cuts Red Tape on Donations, Expands Tax Benefits for Donors
A key element of the new framework is the establishment of the National Registry of Benefactors and Donors, an electronic platform that streamlines and simplifies the donation process.
Greek Government Pushes Controversial Bill, Raising Fears of Mass Surveillance
Controversial provision in the bill allows the police intelligence unit to collect information from private individuals without clear privacy protections.
Greece’s Defense Procurement: Transparency Concerns and Legal Challenges
The LTDPP was designed as a 12-year strategic plan, updated every three years, outlining Greece’s military equipment needs and providing a financial roadmap for their acquisition.
Konstantinos Tasoulas to Be Sworn in as Greece’s New President on Thursday
Konstantinos Tasoulas, former Speaker of the Hellenic Parliament, was elected President of the Republic on February 12, 2025, receiving 160 votes in Parliament.
Athens Stock Exchange Hits 14-Year High
The banking index posted a strong 4.22% gain, closing at 1,613.34 points.
Government Reshuffle in Full Swing: Key Moves and Political Maneuvering
Greece is in the midst of a government reshuffle, with one of the most significant changes being the relocation of Finance Minister Kostis Hatzidakis to the Maximos Mansion, where he will take on the role of Deputy Prime Minister with coordinating responsibilities.
Freedom24 Expands into Greece with New Subsidiary
Freedom24, the global online brokerage platform offering access to over 40,000 investment products—including stocks, ETFs, bonds, and derivatives across U.S., European, and Asian markets—has expanded its footprint in Greece with the acquisition of its new subsidiary, Freedom24 Greece Monoprosopi IKE.
Greece Moves to Modernize Management of Charitable Estates
The Greek government is introducing reforms to modernize the management of charitable estates, aiming to make the process more efficient and aligned with contemporary social needs.
Greece Pushes for Balanced Defense Contributions in EU Strategy Talks
At the Eurogroup and Ecofin meetings in Brussels on Tuesday, European finance ministers focused on the increasing financial demands of European defense and the need for a truly common defense policy across the bloc.
Automated Tax Returns for 2025: What Taxpayers Need to Know
Greece is introducing a new system that will simplify tax filing for 1.5 million taxpayers in 2025, with an automated process for completing and submitting tax returns.
Greece’s Plans for Public Sector Wage Hikes and Tax Cuts Faces EU Hurdles
The Greek government is considering adopting opposition-backed measures to reinstate a 13th salary for public sector employees and adjust tax brackets for inflation. While these initiatives could boost its approval ratings domestically, they are likely to trigger tough negotiations with European Union (EU) institutions, given Greece’s fiscal constraints.
Attica Bank’s Uphill Battle: A Herculean Feat or a Sisyphean Struggle?
Eleni Vrettou, the CEO of Attica Bank, faces an immense challenge in steering the struggling institution toward recovery. The scale of the task ahead is nothing short of Herculean, yet the risk of it turning into a Sisyphean effort—one that never quite reaches success—is substantial. This concern became evident in the financial results presented to analysts on Monday, shedding light on Attica Bank’s performance in 2024.
Greek Lawmakers to Discuss Expanding Armed Forces Capabilities
Greek Prime Minister Kyriakos Mitsotakis is set to present potential revisions to the country’s military procurement program and broader defense strategy before Parliament on Tuesday, March 18.
The Euro’s Impact on Greece: A Quarter-Century of Transformation
Greece’s entry into the Eurozone was a historic achievement that reshaped the country’s economic trajectory, according to the Governor of the Bank of Greece, Giannis Stournaras.
Greece Cracks Down on Electricity Theft: Over €1.2 Million in Violations Uncovered
Greece’s power distribution operator, DEDDIE, has intensified its efforts to combat electricity theft, conducting more than 700 targeted inspections across hotels, restaurants, and cafés (HORECA sector) in recent months. The crackdown has already revealed cases of electricity theft valued at over €1.2 million, highlighting the scale of the issue in the country’s hospitality industry.
Greece’s Ruling Party Gambles on 13th Salary and Pension to Bolster Support
According to government insiders, discussions are underway about not just reinstating the 13th salary but also restoring the 13th pension—or at least issuing a substantial financial bonus to retirees.
Bracebridge Capital Expands Presence in Greece with Major Loan Acquisitions and New Subsidiary
Boston-based hedge fund Bracebridge Capital LLC, which manages assets for prestigious institutions including Yale and Princeton, currently oversees approximately $12 billion in assets under management.
Greek Government Prepares for Major Cabinet Reshuffle Amid Political Turmoil
The Greek government is moving to recover lost political ground following recent mass protests and a no-confidence motion in parliament.