News In English
Greece Cracks Down on Crypto Violations: Who Faces Prison and Heavy Fines?
Greece is tightening its grip on the cryptocurrency sector with a new regulatory framework designed to enhance investor protection and impose stricter oversight on crypto asset providers.
Greek MEP Calls on European Commission to Strengthen Recovery and Resilience Mechanism
Greek MEP Nikolas Farantouris (SYRIZA), a member of the European Parliament’s Budget Committee, has called on the European Commission to address pressing challenges in the implementation of the Recovery and Resilience Facility (RRF)—the EU’s central financial tool for economic recovery.
Greece’s Political Landscape Shifts as Traditional Parties Decline and the Far Right Rises
Greece is undergoing a major political transformation as traditional parties lose ground while anti-systemic and far-right forces gain momentum.
Greece Explores AI Collaboration with DeepMind, OpenAI, and Ericsson
Among the key discussions was a meeting with Demis Hassabis, co-founder and CEO of DeepMind, the AI company owned by Google.
Metlen Gains Double Vote of Confidence from Major Investors
Metlen received a strong show of confidence from two major financial players, driving its stock up by 2.43% to €34.6 on Monday.
Greek Train Crash Inquiry Escalates as Authorities Probe Authenticity of Key Footage
The investigation into Greece’s deadliest train crash, which killed 57 people in February 2023 near Tempi, has taken a dramatic turn, drawing comparisons to a legal thriller.
The Time for Action: Greece’s Government Must Close the Legal Loophole Enabling Cover-Ups
The government of Greek Prime Minister Kyriakos Mitsotakis is facing mounting criticism over its failure to pass a key implementing law related to a constitutional reform that was meant to strengthen political accountability. After nearly six years of inaction, this legislative omission is now being viewed as more than just a bureaucratic delay—it risks becoming a political scandal that could fuel allegations of a cover-up.
Sale of Greece’s Ethniki Insurance Raises Questions About 2022 Deal with CVC
The sale of a 70% stake in Greece’s Ethniki Insurance from CVC Capital Partners to Piraeus Bank is shedding new light on unusual aspects of the 2022 transaction in which the insurer was originally acquired from the National Bank of Greece (NBG).
Athens Metro: Challenges, Delays, and the Road Ahead
As the Athens Metro continues its expansion, authorities are navigating complex challenges, balancing urgent transportation needs with financial constraints.
Macron to Host Mitsotakis in Paris Amid AI Summit and Defense Talks
French President Emmanuel Macron will welcome Greek Prime Minister Kyriakos Mitsotakis to the Élysée Palace in Paris on Monday, coinciding with the AI Action Summit, a high-profile international gathering focused on the future of artificial intelligence.
Seismic Activity in the Aegean Eases, Scientists Cautiously Optimistic
Seismic activity in the Aegean Sea, which recently put the Greek islands of Santorini and Amorgos on high alert, is gradually subsiding, according to seismologists monitoring the region.
IMF Warns: Natural Disasters Threaten Economic Stability – What Greece Must Do
Greece is increasingly facing natural disasters, including earthquakes, floods, and wildfires, which have caused widespread damage to infrastructure, loss of life, and serious economic consequences. As climate change intensifies, the country finds itself under growing financial strain due to the rising costs of disaster recovery and infrastructure repairs.
Suspect in Greek Double Homicide Dies by Suicide After Police Standoff
According to police reports, he shot himself as authorities attempted to negotiate his surrender.
Greece Modernizes Business Licensing with New Digital Platform
After nearly seven years of delays, Greece has officially launched Open Business, a new digital platform designed to streamline and accelerate the country’s business licensing process.
Athens Riviera Outshines Greek Islands as Luxury Real Estate Demand Shifts
In a surprising turn for Greece’s luxury real estate market, demand for high-end properties in the Athens Riviera has surged, while the once sought-after Cyclades islands, including Mykonos, have seen a decline.
Greek Students Renew Calls for Justice Ahead of Major Demonstration Marking Train Disaster Anniversary
Student and pupil unions across Greece are intensifying their calls for justice as they prepare for a large-scale demonstration on February 28, commemorating two years since the devastating train disaster in Tempi.
Greece Expands and Modernizes Property Valuation
The Greek government is undertaking a major reform of its property valuation system, introducing automated price adjustments, nationwide expansion of official valuations, and a new digital platform to track real estate transactions.
Greek Ships Fuel Russia’s Shadow Fleet - How Sanctions Were Evaded
Greek shipping companies, which have long dominated the global tanker trade, maintain that their operations are fully compliant with international law.
Melina Travlou Re-Elected as President of the Union of Greek Shipowners
Prominent figures Nikos Veniamis and Nikolas Martinos secured second and third place, respectively, in the election.
Greece’s Top Court to Rule on Major Cases, Including Water Privatization and Data Leak Scandal
One of the most closely watched cases challenges a new water pricing policy that critics argue could pave the way for the privatization of Greece’s water supply.
Greek Government Faces Strong Backlash Over Train Disaster and Wiretapping Scandal, Poll Finds
A new poll has delivered a severe political blow to Greek Prime Minister Kyriakos Mitsotakis and his government, with an overwhelming majority of the public rejecting its handling of key political and legal issues.
Relentless Earthquakes in Santorini Region Raise Fears of Major Quake or Eruption
Seismologists and disaster experts are closely monitoring the region, as concerns grow over what the ongoing seismic activity might indicate.
CVC Capital Partners Reaps Huge Profits from Greek Investments, Leaving Questions for Piraeus Bank
For CVC Capital Partners and its CEO, Rob Lucas, Greece has proven to be a goldmine.
Piraeus Bank in Talks to Acquire 70% of Ethniki Insurance for €469 Million - CVC Poised for 570% Return
For Piraeus Bank, the acquisition represents a strategic move to diversify its revenue streams and enhance shareholder value.
Santorini Struggles with Ongoing Seismic Crisis as Scientists Urge Caution
Santorini, one of Greece’s most celebrated islands, now stands eerily silent as a relentless series of earthquakes between the island and neighboring Amorgos, another Aegean gem, continues to rattle the region.
Could Spyros Latsis Make a Comeback in Greek Banking?
Spyros Latsis, the Greek billionaire and business magnate, is widely known as the son of the late tycoon Yiannis Latsis, whose legacy spans shipping, real estate, and banking.
GEK TERNA and Motor Oil in Talks Over Heron, Stirring Market Speculation
The main question now is whether this corporate engagement will evolve into a strategic partnership with significant ramifications for Greece’s energy sector.
Corruption and Governance: Greece’s Critical Performance in Transparency International’s New Assessment
On February 11, 2025, Transparency International is set to release the new Corruption Perceptions Index (CPI) for 2024, shedding light on global trends and developments in the fight against corruption.
Greek Salary Increases Offset by Heavy Taxation and Social Contributions
Greek workers are set to receive only a modest increase in their take-home pay over the next two years, despite government plans to raise the average gross salary to €1,500 by 2027.
Greek Citizens Targeted by Israeli Spyware Paragon, Italian Government Reveals
The Italian government has revealed on Wednesday that Greek and Cypriot citizens were among those targeted by the Graphite spyware, developed by the Israeli company Paragon Solutions.