News In English
Folli Follie’s Survival Hangs by a Thread Amid Management Tensions and Investor Fatigue
Attention has now turned to FF OpsCo, a subsidiary created two years ago to manage Folli Follie’s remaining business operations in Greece.
Retroactive Market Rules Cloud Euronext’s Bid for Greek Exchange
In Greece’s small and often fragile stock market—where investor confidence is a constant challenge—any change to the rules must be handled with care.
Former PM Karamanlis Warns Greece at Risk of Political and Institutional Breakdown
Former Greek Prime Minister Kostas Karamanlis has issued a stark warning that Greece risks a major political and institutional crisis if trust in its democratic institutions is not urgently restored.
Pierrakakis at IMF: Greece Emerges as a Model of Stability After Years of Crisis
Greece’s Minister of National Economy and Finance, Kyriakos Pierrakakis, described his country as “a success story built on the resilience of its people” during an interview in Washington, on the sidelines of the International Monetary Fund’s annual meetings.
One in Four Greek Recovery Fund Loans May Go Unused
Roughly a quarter of Greece’s Recovery and Resilience Fund loans may go unused — a shortfall that could cost the country about €4 billion in low-interest financing from the European Union
Greece Sets March 23 Start Date for Tempi Train Disaster Trial
Thirty-six defendants are charged in connection with the disaster, including railway employees, public officials, and executives from both ERGOSE—the state company responsible for railway projects—and Hellenic Train, the privatized successor of the national operator TRAINOSE.
IMF Study: Why Greece Is Strongly Affected by Global Commodity Price Swings
Analyzing data from 66 economies, IMF researchers concluded that this “interconnectedness” is the main channel through which global commodity price shocks spread into domestic economies.
Legal Row Over Greece’s GDP-Linked Bonds Deepens After Judge’s Unusual Proposal
The dispute has also drawn attention from the International Monetary Fund (IMF), which discussed the case extensively in its recent report, “A Stocktaking of the Current International Architecture for Resolving Sovereign Debt Involving Private Sector Creditors.”
Nationwide Strike Paralyzes Greece in Protest Against New Labor Bill
Greece is facing a nationwide shutdown today, Tuesday, October 14, as major unions and federations, including the Athens Labor Center (EKA) and the civil servants’ union (ADEDY), hold a 24-hour strike against a new labor reform bill currently under debate in Parliament.
Meet the Greeks Steering the IMF from Within
In recent years, a number of Greek economists have risen to influential positions within the International Monetary Fund (IMF), taking an active role in shaping global economic policy.
After 68 Years, OPAP Turns a Page — Entering a New Era as Allwyn
After nearly seven decades as a fixture of Greek business life, OPAP—the country’s storied gaming and lottery operator—is entering a new chapter under the name Allwyn, marking a major step in its evolution from a national institution into a truly international enterprise.
Greek Poll Shows Decline for Ruling ND, Rising Discontent Across Parties
A new nationwide Opinion Poll survey presented on Greek broadcaster Action 24 on Monday shows that public confidence in both the government and opposition parties continues to erode, painting a picture of political fatigue across Greece.
Allwyn–OPAP merger to create €16 billion global gaming powerhouse
Greek gaming giant OPAP is set to merge with its majority shareholder Allwyn International in a landmark €16 billion deal that will create the world’s second-largest publicly listed gaming and entertainment group.
Coffee Turns into a Luxury: Prices Climb Relentlessly from Greece Across Europe
For many Greeks, coffee is more than a drink — it’s a ritual, a symbol of social life, and a small pleasure woven into daily routine. But that once-affordable comfort is becoming an expensive habit.
A Surge of Hope: Greeks Embrace Organ Donation Like Never Before
Greece is witnessing a remarkable wave of generosity, as thousands of citizens are stepping forward to become organ donors in a show of solidarity and compassion.
Tsipras accuses Mitsotakis government of building a regime of corruption
Tsipras rejects any return to the backroom politics that have characterized Greek governance for decades.
In Greece’s Property Market, "Old" No Longer Means "Cheap"
A recent nationwide survey by RE/MAX Greece for 2025 reveals that half of all Greeks searching for rental housing are looking for properties up to 100 square meters in size, most of them built over 20 years ago.
“The Great Return”: Alexis Patelis Chronicles Greece’s Comeback Story
A major book presentation in Athens on Thursday evening brought together some of Greece’s most prominent political and economic figures.
Greece to Host Landmark 330 MW Battery Energy Storage Facility in Thessaly
A new large-scale battery energy storage project planned by Metlen and the Karatzis Group in Thessaly is set to become a landmark development for Greece’s energy sector.
Greece’s Housing Market Heats Up as Prices and Rents Surg
Property prices in Greece continued their upward trajectory in the third quarter of 2025, according to the latest Spitogatos Property Index.
European Court of Auditors Highlights Shortcomings in Greece’s Use of EU Money
The European Court of Auditors has issued a series of serious warnings over Greece’s management of European funds, highlighting weaknesses in oversight, legality, and transparency in the use of public money.
Gold Sovereign Hits Record €922.46 in Greece Amid Worldwide Gold Rally
The sharp rise reflects broader global uncertainty and investor anxiety.
Russian Gas Remains Dominant in Greece Despite LNG Surge
The data underline that while European Union policies have driven efforts to diversify energy supplies since Russia’s invasion of Ukraine, Moscow remains an active and significant supplier to Greece.
Nationwide Tax Sweep Finds One in Three Tourism Businesses in Greece Breaking the Law
Τhe highest rates of tax breaches were recorded in Western Greece, Central Greece, the Peloponnese, Crete, and the South Aegean.
Church of Greece Debates the Ethical and Spiritual Challenges of Artificial Intelligence
Metropolitan Nikolaos described artificial intelligence as a defining phenomenon of the era, one that may pose the greatest challenge the Church has ever faced
Greek Industry Chief Warns High Energy Costs Threaten Competitiveness
Spyros Theodoropoulos issued a stark warning about the persistent structural weaknesses of the Greek economy.
IMF Calls for a Shift in Public Spending Philosophy - Greece Still Faces Efficiency Challenges
As global growth remains subdued and public debt continues to mount, the International Monetary Fund (IMF) is urging governments to rethink how they spend public money
The Woman Behind Greece’s Most Infamous Financial Deal Steps Back Into View
Antigoni Loudiadis — or Addy, as she is known among friends and colleagues — is a name that may mean little to most Greeks, yet she has played a crucial role in shaping a defining chapter of the country’s modern financial history.
DRS Hellas to Implement Greece’s First Nationwide Deposit Return Scheme
A group of leading Greek and multinational beverage companies has joined forces to establish DRS Hellas SA, a new corporation that will design, implement, and operate Greece’s national deposit return and recycling system for beverage containers.
Europe Pays More for Water to Avoid Thirst in the Future – Greece on the Brink of Crisis
By 2030, Europe aims to enter what policymakers describe as a “smart water era,” in which prices reflect the full cost of the resource — from maintaining infrastructure and protecting sources to mitigating environmental impact and ensuring resilience against drought.
Greece’s 2026 Budget Paradox: Rising VAT Revenues Amid Slowing Inflation and Weak Consumption
Greece’s draft budget for 2026 reveals an apparent paradox: the government expects a notable increase in revenues from Value Added Tax (VAT) even as both inflation and private consumption are projected to slow.