News In English
Greek Government Policies Drive Fresh Surge in Rental Prices
Between April and July 2025, rents rose steadily, with July alone recording an annual increase of 11.3%.
Soaring Retail Rents Redraw Greece’s Shopping Map
In Athens, Ermou Street—Greece’s most expensive retail strip—commands rents of up to €300 per square meter.
Scandals and Stalled Reforms Undermine Greece’s Ruling Party
The long-promised civil service evaluation system has yet to be implemented.
Property Owners Revolt as Greece Weighs ‘Inactivity Tax’ on Empty Housing
The plan takes its cue from France’s taxe sur les logements vacants (TLV), in force in thousands of French municipalities.
Out-of-Control Blaze Near Athens, Forces Mass Evacuations
The fire’s sole confirmed victim so far was discovered in the village of Togani, just 500 meters from where the blaze began.
Fierce Aegean Winds Leave Ferries Docked and Travelers Stranded
The worst conditions are in the southern central Aegean, the Karystos Strait—known as Cavo Doro—and the northern Icarian Sea, including the northern Cyclades islands. Normally the meltemi peaks in the middle of the day and weakens in the evening, but this time it has stayed strong.
Death of Former Greek PM’s Daughter Exposes Healthcare System Failings
The sudden death of 34-year-old Lena Samaras, daughter of former Greek prime minister Antonis Samaras on Thursday, has reignited debate over the deep-rooted problems of Greece’s public healthcare system and its struggle to respond swiftly and effectively to emergencies.
Greek Workers Push for Flexibility and Rest During the Summer Months
When asked about the ideal summer work schedule, the majority of participants—66%—favored a four-day workweek.
Greece’s Fiber to the Home Race Heats Up
At the heart of this transformation are two dominant players - Public Power Corporation (DEI) and OTE.
August: A Month of Political Trials for Kyriakos Mitsotakis and the New Democracy Government
Recent polls show the ruling party losing more than three percentage points in voter support, and the governing majority is struggling to maintain its footing ahead of a parliamentary inquiry.
Greece Overhauls Remote Identity Verification for Online Banking with New Video and Selfie Process
Greece is introducing a new system for verifying identities in online banking, as the Bank of Greece updates its regulations to strengthen digital security and prevent financial crime.
Giorgos Chatzis Makes Waves at Sea and on Land with Bold Investment Strategy
Over the past five years, Greek shipping companies Newport SA, Grehel Shipmanagement, and Langlois Enterprises Ltd Group—controlled by shipowner Giorgos Chatzis—have emerged as notable players in the global maritime sector, drawing attention for their rapid fleet expansion and sustained growth.
Greece’s Housing Crisis Deepens as Government Measures Fall Short
Data from the listings site Xrysi Efkeria reveal a significant drop in housing supply across most parts of the Attica region in the first half of 2025.
Greece’s Economic Council Meets as Small Businesses Struggle Under Mounting Pressure
Many of the reforms once heralded as key drivers of investment and efficiency have either stalled or failed to produce tangible results.
Funding Begins for Greece’s First Carbon Capture and Storage Project
The project, with a total budget of €517.6 million, is being carried out by EnEarth Greece, a subsidiary of Energean.
Greek Energy Minister Welcomes New U.S. Diplomat Amid Strategic Talks
The conversation centered on expanding energy cooperation, with particular focus on the South-North Vertical Gas Corridor, which is seen as a project of shared strategic importance.
Superbet’s Greek Ambitions Begin with Casino License Takeover
The details behind the acquisition remain somewhat opaque, particularly regarding who facilitated the deal between Superbet and Exoplay.
Athens Stock Exchange Closes Above 2,000 Points, Reaches 15-Year High
In total, 96 stocks at theAthens Stock Exchange advanced and 38 declined, reflecting broad market strength.
Greece Develops Digital Infrastructure to Oversee Private Liabilities
At the heart of the initiative is the creation of a centralized digital system that will collect anonymized data on debts owed to public entities such as the Independent Authority for Public Revenue (AADE), social insurance funds, banks, and loan servicers.
Mitsotakis Faces Uproar After Skirting Corruption Scandal in Soft-Focus Interview
Despite the optimistic tone, Mitsotakis painted a sobering picture of the political climate in Greece.
Greek Retail Sentiment Slumps in July Amid Rising Uncertainty
One of the clearest signs of this shift is the steep fall in companies' views on their current sales performance.
The Hidden Cost of 10 Million Visitors: Is Athens Becoming Unlivable?
During the peak summer months, Athens begins to resemble a kind of “tourist Disneyland,” where public spaces, sanitation services, and natural resources operate under intense pressure.
Helleniq Energy Poised to Expand Upstream Strategy with Offshore Hydrocarbon Exploration in Crete and the Peloponnese
The company proceeding assertively in what it views as a high-potential area for future energy development.
€2 Billion in Benefits at Thessaloniki Fair, But No Political Payoff
59% of Greeks Expect Worse Days Ahead.
Greek Households Grapple with Deepening Economic Anxiety as Consumer Confidence Falls Further
Nearly six in ten people say they are merely getting by, and around 10% of households are relying on their savings to cover essential needs.
Greek PM Mitsotakis Seeks Reset Amid Scandals and Internal Party Tensions
The rushed vote was widely seen as an effort to manage internal dissent over the fate of one of two ministers under scrutiny.
Greece Maintains Status as Global Shipping Superpower with 5,691 Vessels
The report highlights that Greek shipping has seen remarkable growth over the past decade, increasing its transport capacity by 42% since 2015.
Alpha Bank Reports €517 Million Net Profit in H1 2025
Alpha Bank has reported strong financial results for the first half of 2025, posting net profits of €517 million—equivalent to 60% of its full-year profit target.
Eurobank to Raise Dividend Payout Above 50% in 2025, Eyes Further Expansion in Bulgaria
Eurobank, one of Greece’s leading financial institutions, has announced plans to increase its dividend payout ratio to over 50% for 2025.