News In English
Alpha Bank Expands Real Estate Strategy with Three New Companies
Greece’s Alpha Bank is strengthening its real estate investment and management strategy with the launch of three new subsidiaries: Abinvest I, Abinvest II, and Abinvest III.
Greece’s Capital Market Reforms Face Delays
Greece’s much-anticipated capital market reform bill remains missing in action, despite assurances from the Ministry of Finance that public consultation would begin immediately.
European Court of Auditors Investigates Olive Oil Authenticity and Safety in Greece
The European Court of Auditors (ECA) has launched an investigation to assess whether the European Union’s control systems effectively guarantee the authenticity, safety, and accurate labeling of olive oil—one of the region’s most iconic agricultural products.
Greek Tax Authority Revises Rules for New and Used Vehicles
Greece’s Independent Authority for Public Revenue (AADE) has announced significant changes to the way vehicles are classified as new or used, aligning with new guidelines from the European Commission.
The Open Wound of Tempi Engulfs Mitsotakis
Greek Prime Minister Kyriakos Mitsotakis’ emergency interview on Alpha TV on Wednesday night was a clear attempt to contain the political firestorm sparked by mass protests and accusations of a cover-up surrounding the Tempi train disaster.
Alexis Tsipras Institute hosts major conference on Rule of Law
The conference will conclude with a keynote speech by former Greek Prime Minister Alexis Tsipras.
Greek Judicial Investigation Under Fire Amid Cover-Up Claims in Predator Spyware Scandal
According to investigative reports, none of the 116 confirmed victims of Predator spyware were called to testify, fueling concerns that the case is being intentionally buried.
Greece Struggles with Low Enrollment in Early Childhood Education
Greece and Spain have experienced the steepest declines, with their populations of children aged 0–5 years.
Kostis Hatzidakis Outlines New Priorities for Greece’s Economy
The Greek government is signaling a new economic focus, emphasizing investments, exports, market competition, and overall competitiveness.
Prime Minister Mitsotakis’ Interview on Greece’s Rail Tragedy
The aftermath of the devastating train collision in Tempi, Greece, continues to reverberate, as the government faces mounting public pressure and demands for accountability.
Greece Tops EU Charts in Pessimism, Eurofound Survey Finds
The report highlights an urgent need for structural reforms to address economic instability, social inequalities, and transparency in governance.
IMF Mission Chief to Present Annual Report on Greek Economy
The head of the International Monetary Fund (IMF) mission for Greece, South Korean economist Joong Shik Kang, is set to present the Fund’s annual assessment of the Greek economy, known as the Article IV Report, on Thursday at Greece's Ministry of Finance.
Greek Supreme Court to Rule on Extradition of Israeli Billionaire Beny Steinmetz to Romania
The Greek Supreme Court will make the final decision regarding the extradition of Israeli billionaire Beny Steinmetz to Romania, following the issuance of a European Arrest Warrant.
Alter Ego Media’s Market Debut and What It Means for Greek IPOs
The IPO captivated a diverse mix of retail and institutional investors.
Mass Protests Over Greece's Deadly Train Tragedy Spark Political Reckoning
The demonstrations, marked by grief and anger, were held in public squares and streets nationwide, as citizens rallied for justice and answers.
TERNA Energy and Motor Oil to Build Greece's First Offshore Wind Farm
The project is more than just a technical achievement; it symbolizes Greece’s commitment to clean energy while promising economic benefits for both the national and local economies.
PureHealth Makes $1.38 Billion Move into Greek Healthcare Sector
Headquartered in Abu Dhabi, PureHealth is 43.93% owned by the Abu Dhabi sovereign wealth fund ADQ and boasts a robust network of 114 hospitals, 316 clinics, and 145 diagnostic centers across five countries, supported by 63,000 professionals.
Greece’s Tax Structure: A Heavy Burden on Low-Income Households
In 2024, Greece collected €68.787 billion in total tax revenue, a €1.885 billion increase compared to €66.902 billion in 2023.
Reinstating Greece’s 13th and 14th Public Sector Salaries: A Significant Fiscal Challenge
The issue is set to be reviewed in June by Greece’s Council of State, the nation’s supreme administrative court, with its ruling expected to significantly influence future economic policies.
Greece’s Wiretapping Scandal Trial Scheduled for March 5, 2025
At the center of the controversy is the alleged use of the advanced Predator spyware in a sweeping surveillance operation that targeted politicians, journalists, and prominent business figures.
Greece Surpasses Fiscal Targets in 2024 Driven by Strong Tax Revenues
Revenues stood at €81.337 billion, representing a €1.126 billion increase over projections.
Greece’s Weather Stations Are Evolving to Meet Modern Challenges
Over the next 17 months, the HNMS will gain access to 30 state-of-the-art automatic weather stations, marking a significant leap forward in Greece's meteorological capabilities.
The Growing Rental Market Crisis Shaping Greece’s 2025 Housing Landscape
Rental prices have surged dramatically in recent years.
New Compliance Leadership at Greece's Top Financial Institution
Under Kasapaki’s oversight, cash collateral from non-performing loan borrowers was improperly used to purchase shares in the capital increase, a violation that drew scrutiny from regulators.
Greece Accelerates Energy Transmission Projects to Boost Renewable Energy Growth
The proposed legislation introduces measures to expedite critical infrastructure projects.
Greek Society's Unyielding Demand for Justice Over Tempi Tragedy Puts Suffocating Pressure on Government and Judiciary
Hundreds of thousands of citizens, moved by shared grief and indignation, answered the call of victims’ families to take to the streets.
Hundreds of Thousands Rally Across Greece Demanding Justice for Tempi Tragedy
From Athens to Thessaloniki, Crete, and cities around the world, voices united in a shared call for accountability, demanding that the tragic events of Tempi be a turning point for Greek society.
Backlash Grows Over Greece’s Proposed Ban on Fuel Sales to Helmetless Riders
A new regulation proposed by the Greek government has sparked significant reactions, aiming to prohibit the sale of fuel to motorcyclists who are not wearing helmets.
Labor Shortages Challenge Greek Agriculture: New Initiatives Target Migrant Workforce
The Greek government is embarking on a sweeping reform of its residence permit system for migrant workers to tackle severe labor shortages and boost economic growth.
Greece’s Regional Cities See Real Estate Boom from Golden Visa Buyers
A new trend is reshaping Greece’s property market as third-country nationals seeking residency through the "Golden Visa" program begin to shift their focus to regional areas.
Winners and Losers: Who the Council of State's Verdict on the New Building Code Affects
The Council of State, Greece's highest administrative court, has ruled that a key incentive system under the New Building Code (NOK) is unconstitutional.