News In English
EU Auditors: Greece Falling Short on Labour Reforms Under Recovery Plan
Greece is failing to make meaningful use of the European Union’s Recovery and Resilience Facility (RRF) to implement substantial labour market reforms, according to a report released by the European Court of Auditors (ECA).
Fais Group Makes Market Debut on Athens Stock Exchange After Oversubscribed IPO
Fais Group is making its debut on the Athens Stock Exchange on Thursday, following a public offering that garnered solid investor interest.
PPC Unveils Plans for Massive Data Center in Northern Greece Amid Global AI Boom
Public Power Corporation (PPC), Greece’s largest energy provider, has announced ambitious plans to build a large-scale data center in the region of Western Macedonia, aiming to tap into the rapidly growing global demand for digital infrastructure fueled by the expansion of artificial intelligence.
Greek Hotel Industry Posts €11.5 Billion in Revenues for 2024, Marking Strong Growth and Economic Impact
The total direct and indirect contribution of the hotel sector to Greece’s economy reached €17.8 billion in 2024, accounting for 5.9% of the country’s GDP - a notable increase from 4.8% the previous year.
Sokratis Famellos Calls for Progressive Front to Oust Mitsotakis
In an exclusive interview with Dnews.gr, Sokratis Famellos, leader of Greece’s main opposition party SYRIZA–Progressive Alliance, sets out an urgent call for unity among the country’s progressive forces.
Greece Set to Raise Minimum Wage Amid Cost-of-Living Pressures
The new minimum wage is set to take effect on April 1, 2025.
Quarter of a Million Homes in Greece Uninhabitable Without Major Repairs
This lack of available, livable homes is one of the key drivers behind soaring sale and rental prices—figures that have become increasingly detached from the reality of average Greek incomes.
Reform in Name Only: The Risks Behind Greece’s Mass Evaluation of Public Services
Greece’s proposed approach lacks institutional depth, methodological clarity, and—most importantly—a genuine commitment to self-reflection at the top levels of power.
Cyprus Court Case Reveals Greek Tycoon Financed Majority of ISAB Refinery Purchase
A story that sparked global attention.
New VAT Rules in Greece: Monthly Filings to Replace Quarterly Submissions
The first phase of the transition will begin in April 2025 and in October 2025, the final phase of the reform will take effect.
The Economic Reality Behind the 1821 Greek War of Independence
When the Revolution erupted in 1821, Greece had no real financial infrastructure.
Fairfax Bets on Metlen’s Future with Convertible Bond Deal
The agreement is being closely watched by markets, as it underscores Fairfax’s view that Metlen is positioned for significant growth.
Why Greece’s Plan to Track Down Wealthy Debtors Abroad May Be More Wishful Thinking Than Reality
The plan seems to underestimate the complexity of international law, tax confidentiality, and cross-border asset ownership.
Greece Charts a Decade-Long Energy Transformation Plan Through 2033
Greece has announced an ambitious new roadmap to modernize and future-proof its electricity transmission infrastructure through 2033.
Greek Banks Step Up as EU Rolls Out Tougher Anti-Money Laundering Rules
Greek banks are stepping up efforts to comply with a sweeping new European Union regulatory package aimed at strengthening the fight against money laundering and terrorist financing across the bloc.
Soaring Beyond the Bar: How Emmanouil Karalis is Turning Athletic Triumph into Business
Greek pole vault sensation Emmanouil Karalis is defying gravity—and not just on the track.
Anti-Establishment Governments Underperform, Says Greek Think Tank
According to the think tank, the global rise of anti-system parties has been ongoing since the early 2000s, with a sharp spike around 2015.
Greece’s Metlen Leads Europe’s Charge for Strategic Mineral Autonomy
On March 27, European Commission Executive Vice President Stéphane Séjourné is scheduled to visit the facilities of Metlen, one of Greece’s largest industrial groups, in the town of Agios Nikolaos in Boeotia.
Europe Faces Explosive Public Spending Pressures – Greece in the Spotlight
Classified as part of «advanced Europe» in the report, Greece is singled out largely due to its high levels of public debt and the disproportionately large share of its budget devoted to pensions and healthcare.
IMF to Governments: Make It Easier to Pay - But Harder to Evade -Taxes
The IMF stresses the need for a transparent and predictable legal framework, which helps foster trust between citizens and tax authorities.
Inside Story Exposes Fragile Foundation of Greek Government’s Bot Allegations Over Tempi Protests
The theory on Tempi - which gained traction in local media and was even repeated in Parliament by Prime Minister Kyriakos Mitsotakis - now appears to rest on a single, highly dubious source.
Tsipras Urges Strategic Autonomy and a Redefined Foreign Policy Direction for Greece
Former Greek Prime Minister Alexis Tsipras has delivered a forceful rebuke of Greece’s current foreign policy, urging a dramatic shift toward strategic autonomy in the face of mounting global uncertainty.
EYDAP Launches €2.1 Billion Water Investment Plan Amid Growing Drought Threat
Greece’s state-owned water utility, EYDAP, has announced a sweeping €2.1 billion investment plan to secure Athens’ water future, as prolonged drought and declining reservoir levels raise concerns over long-term supply.
Greek Parliament in Turmoil Over Tempi Train Tragedy Inquiry
Relatives of the Tempi disaster victims have formally requested that the case be transferred to the regular judicial system, rather than being handled by a parliamentary committee.
Billionaire Investor John Paulson Completes Exit from Greece’s Alpha Bank, Maintains Stake in Piraeus Bank
Paulson had already begun reducing his stake in Alpha Bank earlier this month when he sold a 2.4% shareholding, raising €109.1 million ($119.3 million) at a price of €1.915 per share.
Should Old Wind Farms Be Torn Down or Upgraded? The Growing Energy Debate
The central question is whether such sites should be fully restored to their original state or repurposed for new wind energy projects under revised licensing procedures.
Audit Questions Effectiveness of EU’s Juncker Plan, Highlights Greece’s Minimal Benefit
The European Court of Auditors is now recommending greater transparency in investment reporting, improvements in the calculation of mobilized funds, and enhanced disclosure of how EU guarantees impact the private sector.
Greece’s Ruling Party in Freefall: 73% Disapprove of Mitsotakis and His Administration
MItsotakis's personal approval rating has suffered a steeper drop, with his negative ratings increasing by six points in the last month, 10 points since January, and 16 points since December.
Greece’s Apartment Prices Rise by 8.7% in 2024, New-Builds Lead with 10.1% Increase
Apartment prices in Greece rose by an average of 8.7% in 2024, according to preliminary data from the Bank of Greece.
ReArm Europe Plan: Opportunities and Risks for Greece’s Military and Economy
A key component of the plan is a €800 billion investment initiative designed to strengthen Europe’s defense industry and military capabilities.
How OPAP Prevented a Major Cyberattack on Player Accounts in April 2024
The analysis revealed that hackers attempted multiple unauthorized logins, and in some cases, they tried to withdraw funds from compromised accounts.