News In English

On Thursday, the stock’s ex-dividend date, Metlen’s share price defied expectations by closing higher, signaling market confidence.

This latest move marks ISP's formal entry into the Greek market and signals its broader regional ambitions.

The European Union’s Carbon Border Adjustment Mechanism (CBAM), introduced as part of its broader green transition strategy, is partially reshaping the landscape of international trade. Its main objective is to curb «carbon leakage» - the phenomenon where industries move production to countries with looser environmental regulations in order to escape stricter EU climate rules. While the overall impact on the EU’s trade flows is expected to be limited, the mechanism could significantly affect specific countries and industries, according to a study by the International Monetary Fund. CBAM is designed to protect EU-based companies that bear the financial burden of the bloc’s ambitious climate policies. It does this by imposing a charge on imported goods with high carbon footprints - such as iron, steel, aluminum, cement, fertilizers, and electricity - based on the amount of embedded carbon emissions and whether the country of origin already prices those emissions. This carbon levy ensures that imported products are not unfairly cheaper simply because they come from places with weaker climate standards. Although CBAM formally took effect in October 2023, it remains in a transitional phase until the end of 2025. During this period, importers must report the carbon emissions of the goods they bring into the EU but are not yet required to pay the levy. Starting in 2026, however, the EU will begin charging importers according to its carbon pricing benchmark and the emissions intensity of their products. The IMF estimates that CBAM will raise the cost of EU imports by around 0.1%, and non-EU countries exporting to the bloc will see their total export costs rise by an average of 0.04%. While this may seem marginal at the macroeconomic level, the financial burden will be more acute for countries with high-carbon exports and no domestic carbon pricing - such as Bosnia and Herzegovina, Serbia, and Ukraine - especially in sectors like steel and electricity. Greece, in relative terms, is less exposed to the mechanism. Only about 4.5% of the country’s total imports are affected by CBAM, and the value of these imports from non-EU countries amounts to just 0.1% of Greece’s GDP. As a result, the immediate macroeconomic and fiscal impact is expected to be modest. However, the picture shifts when focusing on specific sectors. A large portion of Greece’s aluminum (89%) and iron and steel (75%) imports originate outside the EU, making these industries particularly vulnerable. According to the IMF study, CBAM could increase the import cost of primary aluminum by 3.9%, iron and steel by 2.9%, and cement and related products by a striking 19.7%. These added costs could ripple through the economy, especially in construction and heavy industry, where such materials are essential. Greece’s dependence on a small number of carbon-intensive raw materials from high-emission countries may lead to price hikes and pressure on domestic industries. This challenge is compounded by the EU’s plan to phase out free emissions allowances for European businesses by 2035. Without an equivalent mechanism to protect EU exporters from carbon-related costs in global markets, companies in Greece and elsewhere may find themselves at a competitive disadvantage abroad.

The recordings reveal a disturbing web of political interference, cronyism, and systemic manipulation of EU-funded agricultural payments.

Economic pressures - particularly inflation and the rising cost of living - are cited as the top problems facing the country, according to the polls.

As the world reels from the latest 12-day military escalation between Israel and Iran — a conflict that was temporarily halted with U.S. involvement — new revelations are emerging that shed light on a surprising and highly sensitive connection bridging two sworn enemies.

Greece is introducing sweeping tax reforms aimed at attracting expatriates, foreign investors, and former residents back to the country. Among the key changes is a significant reduction in the required period of residence abroad for exemption from Greek taxation on movable assets held outside the country.

Greece is moving to attract global high-net-worth individuals by loosening restrictions and offering new incentives for family offices—companies that manage the wealth and affairs of affluent families.

Greece is reinforcing its Development Law with a new set of stricter regulations aimed at cracking down on businesses that fail to comply with the terms attached to state subsidies.

A little-noticed provision tucked into a draft bill from Greece’s Ministry of National Economy and Finance is stirring controversy over concerns it could quietly benefit a privileged few while weakening financial transparency.

A key factor in the revenue windfall was the earlier-than-usual collection of personal income taxes.

This deal is the result of an agreement reached in September 2024 between Himithea and Farallon Capital, the primary shareholder of Euromedica through EMD Holdings.

In 2024, it took 181 days to meet the same obligations - meaning Greeks are effectively working six fewer days for the state in 2025.

His appearance comes at a time when the bloc stands at a crossroads: either embrace bold reform or risk prolonged stagnation.

At the heart of the new framework is a requirement for complete identification of both the sender and the recipient in every transaction—regardless of the amount involved.

A massive wildfire has engulfed the Greek island of Chios for a third straight day, unleashing widespread destruction and threatening the island’s famed medieval mastic villages, known as the Mastihohoria.

Greece is set to shoulder a significantly higher defense burden under a major new NATO agreement, which is expected to be unveiled at the alliance’s summit in The Hague this week.

Greek authorities have announced a major shift in how traffic violations are handled, relieving vehicle owners of automatic liability and placing responsibility squarely on the individual behind the wheel.

An international legal dispute playing out in a U.S. federal court is attracting the attention of Greek tax authorities, as a Greek citizen has been named in a high-stakes lawsuit involving millions in cryptocurrency.

A significant shift is underway in Greece’s accounting and auditing sector, as revealed by the latest annual report from the Hellenic Accounting and Auditing Standards Oversight Board (HAASOB) for the 2023/2024 period.

The case revolves around Blue Ocean Yacht Management Ltd, a company tied to Abramovich and registered in Limassol.

In the heart of Athens, neighborhoods that were previously overlooked are gaining traction.

Affordable property, flexible usage, and an attractive lifestyle are making Greece a magnet for foreign professionals seeking urban residences for seasonal living, remote work, or relocation.

Amid rising tensions following a U.S. strike on Iran, Greek Prime Minister Kyriakos Mitsotakis urged restraint and warned against further escalation, just days ahead of a pivotal NATO Summit in The Hague.

The Greek government has introduced a legal framework for floating mooring buoys, aiming to reduce environmental damage, congestion, and unregulated activity in coastal waters outside traditional ports.

As global oil prices climb on fears of a supply shock, Greek consumers and businesses are preparing for a fresh wave of cost increases that could destabilize the country’s fragile economic recovery.

Greece is in the final stages of shaping its cryptocurrency taxation framework, as the country moves toward formal regulation of the digital asset market.

The Greek government is preparing a new round of tax relief measures aimed at easing the financial pressure on salaried workers and pensioners, as it navigates an uncertain economic landscape marked by geopolitical tensions and inflationary concerns.

The government’s close association with the Truth Team has drawn criticism.

The case involved a company from Volos that was fined for accepting fake invoices from a related company in Bulgaria.