News In English
Winter Sales Fail to Meet Expectations Amidst Consumer Struggles
Winter sales in Greece have failed to meet expectations, with early market indicators pointing to disappointing revenues for retailers
Thessaloniki Business Park: ETVA VIPE Defends Shared Costs and Unveils Major Upgrades
According to detailed financial data provided by Aloimonos, in 2024, the average monthly charge per acre for service fees at Thessaloniki Business Park amounted to €36, while security and other communal services cost €17.
Athens Airport Plans Major Expansion Amid Lower Profits and Higher Investments
Athens International Airport (AIA) has projected lower profitability and increased capital expenditures (Capex) for 2025 and 2026, according to its latest guidance presented to analysts on Tuesday by CEO Yiannis Paraschis.
Athens on High Alert Ahead of Mass Rally Marking Two Years Since Greece’s Deadly Train Crash
Similar demonstrations are expected in around 100 cities across Greece, as public anger over the handling of the Tempi disaster remains strong
New IMF Study Reveals Wealthy Nations Face Greater Economic Risk from Climate Change
Using advanced econometric techniques, the study finds that temperature shocks account for a significant share of economic fluctuations in advanced economies.
Trump Dismisses Report on U.S. Military Presence in Alexandroupoli
The port of Alexandroupoli has become increasingly significant for U.S. and NATO military logistics.
John Paulson's Share Sale Sparks Concern Among Piraeus Bank Investors
John Paulson’s decision to offload 35 million shares in Piraeus Bank on Monday night has raised questions within the investment community.
Greece Needs Investments in Energy Storage and Grid Upgrades, Study Finds
Greece has made significant progress in its energy transition over the past decade, moving toward decarbonization, increasing the share of renewable energy, and aligning with broader European energy goals.
Piraeus Bank CEO Assures Dividend Policy Will Not Be Affected by National Insurance Acquisition
According to Piraeus Bank’s strategic plan for 2025-2028, the total dividend payout is expected to reach €2 billions.
Greek Students Rank Among EU’s Lowest in Math, Reading, and Science
A new report from the European Commission has raised concerns about the state of education in Greece, warning that poor student performance in basic skills could hinder the country’s future development.
Athens Pushes Energy Link with Cyprus as U.S. Stays on the Sidelines
The countdown has begun for Greece’s ambitious electricity interconnection with Cyprus, a project set to extend beyond national waters into areas claimed by Turkey under the disputed Turkey-Libya memorandum.
Greece Sees Real Estate Management Boom - 1,500 Companies Launched in Just 50 Days
Greece’s real estate sector is experiencing a rapid surge, with 1,500 new property management companies established since the start of 2024 - a clear indication of the market’s growing appeal to investors.
From Globalization to Power Politics: Giorgos Papakonstantinou on the New Rules of the Game
As globalization retreats, international institutions weaken, and geopolitical balances shift rapidly, former Greek Finance Minister Giorgos Papakonstantinou discusses the urgent challenges facing global governance.
Greece on Edge: Mass Protests Expected on February 28 Over Tempi Tragedy
The Greek government is bracing for mass protests on Friday, February 28, as public outrage over the Tempi rail disaster reaches a boiling point.
German Elections and Their Impact on the European and Greek Economy
Tomorrow’s German elections are not just about the future of Europe’s largest economy; they carry profound implications for the stability of the Eurozone and the Greek economy.
Germany, UK, and US Lead Greece’s Tourism Surge
Greece experienced a strong tourism boom in 2024, with visitor numbers and revenue reaching new heights. Germany, the United Kingdom, the United States, France, and Italy emerged as the top sources of travelers, contributing to a significant increase in inbound tourism. The surge in visitors helped bolster the country’s economy, with key international markets maintaining their momentum.
Port Sale Reversal in Greece: Legal Battle Looms Over Growthfund’s Decision
The first major decision by the newly appointed leadership of Growthfund, Greece’s sovereign wealth fund, has sparked controversy.
Metlen Projects Explosive EBITDA Growth to €2 Billion by 2028
Greek industrial and energy giant Metlen expects its earnings before interest, taxes, depreciation, and amortization (EBITDA) to nearly double over the next four years, reaching €2 billion by 2028, up from €1.08 billion in 2024.
Scientists Warn of Landslide Risks on Santorini, Even After Earthquakes Subside
Experts from the National and Kapodistrian University of Athens (EKPA) have issued a warning about the risk of landslides on the Greek island of Santorini, even after seismic activity in the region decreases.
Greece Ranks Lowest Among OECD Countries in Healthcare System Trust
Greece Ranks Lowest in Healthcare Trust Among OECD Countries.
Greek Government Faces Backlash as Trust in Institutions Plummets
Public dissatisfaction in Greece is intensifying, driven by a combination of economic hardship and a growing crisis of trust in institutions.
Greece Gears Up for Mass Demonstrations Over Train Crash
The Greek government, led by Prime Minister Kyriakos Mitsotakis, is under intense scrutiny, facing accusations of a cover-up regarding the causes of the tragic crash that claimed dozens of lives.
Savvidis Tightens Grip on Thessaloniki Port as Louis-Dreyfus Weighs Next Move
The deadline for the public tender offer by LeonidsPort, a company linked to the Louis-Dreyfus family, to acquire up to 21% of Thessaloniki Port Authority (OLTH) at €27 per share closes on Thursday.
Metlen’s Alumina Expansion Puts Greece at the Heart of Europe’s Aluminum Industry
The alumina will then be sold to mining giant Rio Tinto, strengthening the company’s supply of raw materials for aluminum production.
Anti-Systemic Wave Reshapes Greek Politics in Wake of Tempi Train Crash
The tragic train accident in Tempi is emerging as a significant factor in Greece’s political landscape, influencing voter decisions ahead of the next elections.
Greece’s New Yachting Fuel Tax Exemption Raises Smuggling Concerns
A new tax circular from Greece’s Independent Authority for Public Revenue (AADE) has introduced an exemption from Special Consumption Tax and import duties on fuel for professional luxury yachts.
EU's Declan Costello Urges Faster Reforms in Greece, Warns No Extension for Recovery Fund Deadline
As of now, Greece still has 240 out of 471 milestones pending, which are linked to €17-18 billion in funds.
Metlen Secures $3.5 Billion Alumina and Bauxite Deal with Rio Tinto
Metlen has signed two strategic agreements with Rio Tinto, securing a long-term bauxite supply and alumina distribution deal worth approximately $3.5 billion.
Greece Joins France’s Second Meeting on Ukraine and European Security
Greece Joins France’s Second Meeting on Ukraine and European Security.
JP Morgan Secures Legal Victory in UK Court Against WRL in Dispute Over Viva
JP Morgan announced on Tuesday that it has secured a legal victory in its dispute with WRL and its founder, Harry Karonis, following a ruling by a UK court.
Alpha Bank Pays Tribute to Spyros Filaretos at Alpha Day
Alpha Bank’s annual “Alpha Day” celebrated employees and the new year, featuring a heartfelt tribute to retiring executive Spyros Filaretos after 40 years.