News In English
Athens Riviera Outshines Greek Islands as Luxury Real Estate Demand Shifts
In a surprising turn for Greece’s luxury real estate market, demand for high-end properties in the Athens Riviera has surged, while the once sought-after Cyclades islands, including Mykonos, have seen a decline.
Greek Students Renew Calls for Justice Ahead of Major Demonstration Marking Train Disaster Anniversary
Student and pupil unions across Greece are intensifying their calls for justice as they prepare for a large-scale demonstration on February 28, commemorating two years since the devastating train disaster in Tempi.
Greece Expands and Modernizes Property Valuation
The Greek government is undertaking a major reform of its property valuation system, introducing automated price adjustments, nationwide expansion of official valuations, and a new digital platform to track real estate transactions.
Greek Ships Fuel Russia’s Shadow Fleet - How Sanctions Were Evaded
Greek shipping companies, which have long dominated the global tanker trade, maintain that their operations are fully compliant with international law.
Melina Travlou Re-Elected as President of the Union of Greek Shipowners
Prominent figures Nikos Veniamis and Nikolas Martinos secured second and third place, respectively, in the election.
Greece’s Top Court to Rule on Major Cases, Including Water Privatization and Data Leak Scandal
One of the most closely watched cases challenges a new water pricing policy that critics argue could pave the way for the privatization of Greece’s water supply.
Greek Government Faces Strong Backlash Over Train Disaster and Wiretapping Scandal, Poll Finds
A new poll has delivered a severe political blow to Greek Prime Minister Kyriakos Mitsotakis and his government, with an overwhelming majority of the public rejecting its handling of key political and legal issues.
Relentless Earthquakes in Santorini Region Raise Fears of Major Quake or Eruption
Seismologists and disaster experts are closely monitoring the region, as concerns grow over what the ongoing seismic activity might indicate.
CVC Capital Partners Reaps Huge Profits from Greek Investments, Leaving Questions for Piraeus Bank
For CVC Capital Partners and its CEO, Rob Lucas, Greece has proven to be a goldmine.
Piraeus Bank in Talks to Acquire 70% of Ethniki Insurance for €469 Million - CVC Poised for 570% Return
For Piraeus Bank, the acquisition represents a strategic move to diversify its revenue streams and enhance shareholder value.
Santorini Struggles with Ongoing Seismic Crisis as Scientists Urge Caution
Santorini, one of Greece’s most celebrated islands, now stands eerily silent as a relentless series of earthquakes between the island and neighboring Amorgos, another Aegean gem, continues to rattle the region.
Could Spyros Latsis Make a Comeback in Greek Banking?
Spyros Latsis, the Greek billionaire and business magnate, is widely known as the son of the late tycoon Yiannis Latsis, whose legacy spans shipping, real estate, and banking.
GEK TERNA and Motor Oil in Talks Over Heron, Stirring Market Speculation
The main question now is whether this corporate engagement will evolve into a strategic partnership with significant ramifications for Greece’s energy sector.
Corruption and Governance: Greece’s Critical Performance in Transparency International’s New Assessment
On February 11, 2025, Transparency International is set to release the new Corruption Perceptions Index (CPI) for 2024, shedding light on global trends and developments in the fight against corruption.
Greek Salary Increases Offset by Heavy Taxation and Social Contributions
Greek workers are set to receive only a modest increase in their take-home pay over the next two years, despite government plans to raise the average gross salary to €1,500 by 2027.
Greek Citizens Targeted by Israeli Spyware Paragon, Italian Government Reveals
The Italian government has revealed on Wednesday that Greek and Cypriot citizens were among those targeted by the Graphite spyware, developed by the Israeli company Paragon Solutions.
HELLENiQ ENERGY CEO Calls for Pragmatic Energy Transition
Andreas Siamisis, CEO of HELLENiQ ENERGY, one of the largest oil companies in Southeast Europe and operator of three refineries in Greece, emphasized on Tuesday the need for a pragmatic approach to energy planning.
Tempi Crash Report Suggests Hazardous Cargo Sparked Deadly Blaze
The Greek newspaper Kathimerini on Wednesday unveiled new details from a draft report by the National Organization for the Investigation of Aviation and Railway Accidents and Transport Safety (EODASAAM) on the Tempi train disaster.
Santorini Rocked by Earthquakes: Airbnb Cancellations Skyrocket
By Tuesday evening, a total of 11,000 people had left Santorini.
Kimberly Guilfoyle’s Appointment as U.S. Ambassador to Greece Draws Interest – and Some Questions
Set to arrive in Athens in early June, Guilfoyle steps into the position at a crucial moment for U.S.-Greece relations.
Political Turmoil in Greece Over Accountability for Deadly Train Crash
Opposition parties have intensified their efforts to hold the government responsible, arguing that both the prime minister and his ministers bear political liability for the disaster.
Greece’s Leading Private Healthcare Chain Set for Major Overhaul After PureHealth Acquisition
The market anticipates substantial strategic and operational adjustments, particularly aimed at addressing financial challenges faced by certain units within HHG’s portfolio.
Greek Insurers Freeze Health Premium Hikes Amid Economic Pressures, Urging Government Support
To tackle rising healthcare expenses, the insurance sector has put forward several proposals.
Greek Tourism Authorities on High Alert Over Santorini Seismic Activity
The Ministry of Tourism remains on high alert, with all relevant agencies fully prepare
European Leaders Seek Common Strategy for Defense Funding Amid U.S. Security Shift
European leaders met again to develop a common strategy for strengthening European defense—particularly its funding, which the European Commission estimates at €500 billion over the next decade.
Greece Moves to Digitize Pension Records in Effort to Speed Up Payments
As part of this modernization effort, EFKA is upgrading its ATLAS pension allocation system by digitizing paper records from 1980 onwards across all primary and supplementary insurance funds.
Greece Leverages AI to Boost Tax Compliance
Leveraging artificial intelligence, business intelligence, and automation, AADE aims to modernize tax procedures and enhance compliance.
Regulatory Hurdles and Investor Doubts Cloud Piraeus Bank’s Insurance Acquisition
Beyond financial performance, the deal faces significant regulatory hurdles, particularly in the area of capital requirements.
Greek Ombudsman Report Exposes Coast Guard Negligence in Deadly Pylos Shipwreck
The report details significant failures by Greek authorities.
EU Commission Takes Action Against Greece Over VAT Directive Non-Compliance
The small business VAT directive aims to simplify tax obligations for small enterprises by allowing them to sell goods and services without applying VAT.
Athens Stock Exchange Sinks 2.7% Amid Global Market Jitters
The total market capitalization of the Athens Stock Exchange shrank by approximately €2.7 billion.