News In English
Greek government under fire after Egypt seizes Saint Catherine’s Sinai Monastery
The Greek Foreign Ministry expressed its concern immediately after the ruling was announced.
Greece Sees Fewer New Businesses and More Bankruptcies in Early 2025
Greece recorded a drop in new business formations and a rise in bankruptcies during the first quarter of 2025, according to figures released today by the Hellenic Statistical Authority (ELSTAT).
Water Technology Merger: Greek Unibios to Acquire Majority of France’s Osmosun
Unibios will contribute €1.61 million in cash and transfer 30% of Watera International’s share capital to Osmosun.
EU Prosecutor Files New Charges Against 16 in Greek Railway Contract Scandal Linked to Tempi Tragedy
The charges relate to Contract 717, a project intended to restore remote control and signaling systems across Greece’s railway network.
Greek Anti-Money Laundering Authorities Meet with Big Four and Other Auditing Firms to Bolster Financial Oversight
Officials also discussed issues related to declarations of assets by individuals in positions of financial or political influence.
Key Role of Bank of Greece Governor in UniCredit - Alpha Bank Deal
The transaction marks a significant cross-border investment, and at the center of its regulatory pathway was the Governor of the Bank of Greece, Yannis Stournaras.
Greece Introduces Tax Filing Extensions for Illness or Death of an Accountant
The measure is intended to protect both accountants facing critical life events and their clients, ensuring they are not unfairly penalized by rigid deadlines.
UniCredit to Become Major Shareholder in Alpha Bank After Reggeborgh Exit
The Italian banking giant stated that the acquisition aligns with its strategic goals and is expected to generate an additional €180 million in annual net profit.
Joseph Ackermann to Speak in Athens as Europe Reconsiders Its Future Amid Global Uncertainty
Joseph Ackermann, one of Europe’s most influential bankers and former CEO of Deutsche Bank, is set to headline a high-profile event in Athens this June.
Greece's Postal Banking Tradition Revived Through Alpha Bank and Hellenic Post Partnership
In a strategic move that harks back to one of Greece’s most trusted financial institutions, Alpha Bank and the Hellenic Post (ELTA) have joined forces to offer banking services through the country’s national postal network.
ND’s Karamanlis Probe Sparks Accusations of Cover-Up Over Deadly Train Crash
In a controversial move likely to intensify political tensions in Greece, the ruling New Democracy (ND) party has formally requested the creation of a parliamentary committee to conduct a preliminary investigation into former Transport Minister Kostas Karamanlis.
Greece’s Renewable Energy Sector Faces Financial Strain as Grid Failures Mount
Greece’s once-thriving renewable energy sector is facing mounting challenges that could jeopardize its future.
Greece Sets Up Interministerial Committee to Vet Foreign Investments for National Security
Greece is introducing a powerful new screening mechanism for foreign direct investments, aimed at protecting national security and public order.
Greek Police Boost Presence on Public Transport, Report Sharp Drop in Crime
Greek authorities have published on Monday the latest assessment of “ARIADNE,” an ongoing police operation aimed at strengthening security across the public transportation network in Athens.
Greece Cracks Down on Suspicious Property Deals as Authorities Target High-Value Sales
Greece’s Independent Authority for Public Revenue (AADE) is launching an extensive crackdown on suspicious real estate transactions amid a booming property market.
Athens Divided Over Turkey’s Potential Role in EU Defense Initiative
A political storm is brewing in Greece over the prospect of Turkey participating in a new European Union defense initiative, as tensions flare between the ruling government and the opposition PASOK party.
Greek Bond Yields Reflect Confidence in Public Debt Management
Greece’s government bond spreads remain stable against their German counterparts, according to a report published Monday by the country’s Public Debt Management Agency (PDMA).
Greece’s Anti-Money Laundering Committee to Address Privacy, Digital Reform, and EU Oversight
The Greek Strategic Committee for Combating Money Laundering is set to meet this Thursday to discuss a range of critical issues related to the country’s efforts in tackling financial crime.
Greece’s Budget Leans on Indirect Taxes, with Energy Levies Playing Key Role
Greece’s public revenue in the first four months of 2025 paints a familiar picture: the country continues to rely heavily on indirect taxation, particularly taxes on consumption, to finance its budget.
Safety Risks Emerge as Majority of Greek Buildings Age Past 40 Years
The tragic death of a man in Patras, struck by falling plaster from a crumbling balcony, has cast a harsh spotlight on a long-ignored danger: the structural decline of Greece’s aging housing stock. In a country where 7 in 10 buildings predate modern seismic codes, and maintenance is too often delayed or neglected, the risks are mounting—and the consequences can be fatal.
Greece’s HELLENiQ ENERGY Responds to Global Energy Shifts with Bold Strategy
Facing the dual pressures of climate targets and market volatility, HELLENiQ ENERGY is modernizing its refining operations and embracing cleaner technologies to stay ahead in Europe’s shifting energy landscape. At a recent technical briefing, company executives outlined a multi-pronged strategy centered on sustainability, diversification, and energy autonomy—key pillars for navigating the industry's rapid transformation.
Gucci’s Former Athens Home Gets New Life Under French Investor
Veteran French entrepreneur Alain Bern Green is deepening his presence in Greece with the launch of two real estate firms in central Athens, signaling a strategic shift for a pair of landmark properties in upscale Kolonaki. The move marks Green’s latest step in a growing portfolio that spans tech, mining, and now high-end Athenian real estate.
Tourists Spending More for Shorter Stays in Greece, But Overall Trip Costs Hold Steady
Tourists in Greece are splashing out more cash each day, but cutting their vacations short—leaving total spending per trip virtually unchanged since before the pandemic. New Bank of Greece data for 2024 reveals a sharp drop in average stay length and a tourism sector increasingly skewed toward high-end, short-term travel.
Greek Agricultural Subsidy System in Crisis Amid EU Corruption Probes
Billions in European Union farm subsidies are at risk as Greece’s agricultural payment agency, OPEKEPE, comes under criminal investigation for large-scale fraud. With allegations of phantom farmland and misused funds, Brussels is threatening to suspend payments - escalating a crisis that could cripple Greek agriculture and force sweeping reforms in the country’s subsidy system.
Why Greece’s Push for Bank-Only Rent Payments Won’t Fix Tax Evasion
The core of the problem isn’t how rent is paid — by bank transfer or cash — but the significant discrepancy between actual rental prices and what is officially declared to the tax authorities.
Greece’s Retail Sector Shows Fragile Growth
According to recent data released by the Hellenic Statistical Authority (ELSTAT), total retail turnover reached €16.16 billion—just 0.6% higher than the €16.07 billion recorded in the same period of 2024.
Greece Surpasses EU Standards in Bank Deposit Protection
By the end of 2024, DGS across the EU had collectively accumulated €79 billion in available financial resources, meeting the target set by the EU's Deposit Guarantee Schemes Directive (DGSD).
New Poll Shows Most Greeks Fear for Economy, See Wrong Direction Ahead
Greece is once again grappling with a wave of economic pessimism, as a new nationwide poll reveals growing financial insecurity among households and a sharp downturn in public confidence.
Over a Million Greeks Get Faster Tax Refunds in Major System Overhaul
Greece has reached a new milestone in its tax administration, issuing more than €309 million in income tax refunds to individuals in just over two months, according to figures released this week by the Independent Authority for Public Revenue (AADE).
Greece to Bring in Private Firms to Tackle Mounting Social Security Debt
Greece is moving to involve private firms in managing its ballooning social security debt, as authorities prepare to launch an international tender aimed at improving the collection of overdue contributions.
The Network Powering Greece’s Newest Energy Megaproject
Intriguing new details have surfaced about a major energy project underway in central Greece, shedding light on the stakeholders and financial mechanics behind the Larissa Thermoelectric plant.