News In English
HELLENiQ ENERGY CEO Calls for Pragmatic Energy Transition
Andreas Siamisis, CEO of HELLENiQ ENERGY, one of the largest oil companies in Southeast Europe and operator of three refineries in Greece, emphasized on Tuesday the need for a pragmatic approach to energy planning.
Tempi Crash Report Suggests Hazardous Cargo Sparked Deadly Blaze
The Greek newspaper Kathimerini on Wednesday unveiled new details from a draft report by the National Organization for the Investigation of Aviation and Railway Accidents and Transport Safety (EODASAAM) on the Tempi train disaster.
Santorini Rocked by Earthquakes: Airbnb Cancellations Skyrocket
By Tuesday evening, a total of 11,000 people had left Santorini.
Kimberly Guilfoyle’s Appointment as U.S. Ambassador to Greece Draws Interest – and Some Questions
Set to arrive in Athens in early June, Guilfoyle steps into the position at a crucial moment for U.S.-Greece relations.
Political Turmoil in Greece Over Accountability for Deadly Train Crash
Opposition parties have intensified their efforts to hold the government responsible, arguing that both the prime minister and his ministers bear political liability for the disaster.
Greece’s Leading Private Healthcare Chain Set for Major Overhaul After PureHealth Acquisition
The market anticipates substantial strategic and operational adjustments, particularly aimed at addressing financial challenges faced by certain units within HHG’s portfolio.
Greek Insurers Freeze Health Premium Hikes Amid Economic Pressures, Urging Government Support
To tackle rising healthcare expenses, the insurance sector has put forward several proposals.
Greek Tourism Authorities on High Alert Over Santorini Seismic Activity
The Ministry of Tourism remains on high alert, with all relevant agencies fully prepare
European Leaders Seek Common Strategy for Defense Funding Amid U.S. Security Shift
European leaders met again to develop a common strategy for strengthening European defense—particularly its funding, which the European Commission estimates at €500 billion over the next decade.
Greece Moves to Digitize Pension Records in Effort to Speed Up Payments
As part of this modernization effort, EFKA is upgrading its ATLAS pension allocation system by digitizing paper records from 1980 onwards across all primary and supplementary insurance funds.
Greece Leverages AI to Boost Tax Compliance
Leveraging artificial intelligence, business intelligence, and automation, AADE aims to modernize tax procedures and enhance compliance.
Regulatory Hurdles and Investor Doubts Cloud Piraeus Bank’s Insurance Acquisition
Beyond financial performance, the deal faces significant regulatory hurdles, particularly in the area of capital requirements.
Greek Ombudsman Report Exposes Coast Guard Negligence in Deadly Pylos Shipwreck
The report details significant failures by Greek authorities.
EU Commission Takes Action Against Greece Over VAT Directive Non-Compliance
The small business VAT directive aims to simplify tax obligations for small enterprises by allowing them to sell goods and services without applying VAT.
Athens Stock Exchange Sinks 2.7% Amid Global Market Jitters
The total market capitalization of the Athens Stock Exchange shrank by approximately €2.7 billion.
CVC’s Ethniki Insurance Play: From Entry to Asset Stripping to Exit
Negotiations between Piraeus Bank and CVC over the acquisition of Ethniki Insurance, Greece’s largest insurer, are expected to reach a critical juncture this week.
Coffee Prices Surge, but Greek Café Scene Keeps Expanding
Coffee lovers in Greece may soon be paying more for their daily cup, as retail and café prices are set to rise between 10% and 25% in the coming weeks.
Ghent University Scientists Uncover Explosive Findings in Deadly Greek Train Collision
Scientists from Ghent University have uncovered critical new evidence about the fire that followed the tragic train collision in Tempi, Greece.
Owning Property in Greece? You May Owe Taxes Even Without Local Income
If a foreign investor faces a tax assessment based on imputed income, they have the right to file an administrative appeal with the Independent Authority for Public Revenue (AADE) in Greece.
Hundreds of Small Earthquakes Shake Santorini – Scientists Monitor Seismic Trends
A surge in seismic activity has been recorded in the Aegean Sea, particularly in the area between the Greek islands of Santorini and Amorgos, with over 200 tremors occurring over the weekend.
Greek Court Case on Public Sector Wages Raises IMF Concerns
Despite assurances from the Greek government that it has no plans to reinstate the 13th and 14th salaries for public sector employees, a legal challenge by Greece’s public sector union, ADEDY, set for June, has drawn the attention of the International Monetary Fund (IMF). The case seeks to restore holiday bonuses that were cut during Greece’s financial crisis and bailout programs.
Piraeus Bank’s Interest in Ethniki Insurance Puts Pressure on National Bank of Greece
The unexpected interest of Greece’s Piraeus Bank in acquiring Ethniki Insurance, the country’s largest insurer, has raised eyebrows in the financial and insurance sectors.
NBG Contradicts Greek Supreme Court’s Justification for Dismissing Predator Spyware Complaints
The scandal revolves around the illegal use of Predator spyware, which was allegedly deployed to monitor 87 high-ranking officials, including ministers, military personnel, journalists, prosecutors, and entrepreneurs.
Thanasis Gavos Joins Metlen as London Communications Officer
Metlen Energy & Metals SA, Greece’s premier global industrial and energy conglomerate, is poised to list its shares on the London Stock Exchange within 12 to 18 months following the submission of its listing application.
Piraeus Bank Confirms Interest in Ethniki Insurance as CVC Plans Exit
If Piraeus Bank proceeds with the acquisition, it would mark a significant development in the Greek financial sector.
Greece and Saudi Arabia Push Forward on Green Energy Corridor to Europe
Greece and Saudi Arabia are accelerating plans to create a green energy corridor that will transport renewable electricity from Riyadh to Europe via Greece.
IMF Cautions Greece on Structural Weaknesses Despite Economic Gains
Greece’s economic outlook remains strong in the near term, with real GDP continuing its robust expansion, according to a preliminary assessment by the International Monetary Fund (IMF).
Inspired Education Group Strengthens Its Hold on Greek Private Schools Moraitis and CGS
Inspired Education Group, the global private education giant led by Lebanese-British entrepreneur and investment banker Nadim M. Nsouli, is making strategic moves to consolidate its presence in Greece.
Greece Launches a New Digital System for Business Licensing
Greece is set to overhaul its business licensing process with the launch of Open Business, a new digital platform aimed at simplifying and accelerating the approval of business activities.
Greek Government and Judiciary Face Public Backlash Over Tempi Train Disaster, Poll Shows
A new poll by Greek research firm MRB, released on Thursday, paints a stark picture of public discontent in Greece.
Former Hellenic Train CEO Summoned Over False Testimony Allegations in Tempi Disaster Probe
Ιn connection with possible perjury during his testimony before the Greek Parliament’s investigative committee on the deadly train crash in Tempi.