News In English
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.
New Customs Reforms in Greece Aim to Streamline Trade and Improve Oversight
Greece is overhauling its customs procedures with new Customs Audit Centers (TEK) and updated regulations.
EU Deploys EIB to Cut Energy Costs - What It Means for Greece
The European Commission is launching a new initiative to support energy-intensive industries, with the European Investment Bank (EIB) playing a key role in lowering energy costs and boosting competitiveness.
When the Tax Office Won’t Listen: A Costly Fight for Justice in Greece
Greek tax authorities have revised a 2015 tax return following a court ruling in favor of a taxpayer who was unfairly overtaxed due to a misclassification of income. The case highlights broader issues within Greece’s tax administration and the challenges taxpayers face when disputing erroneous tax decisions.
Surge in Highway Traffic Outpaces Vehicle Growth in Greece
A significant trend has emerged in Greece’s highway traffic, with data from 2024 showing a notable increase in vehicle passages on roads managed by the GEK TERNA Group. Attiki Odos, the key toll road serving Athens, recorded a 5.81% annual rise in crossings, reaching 100.2 million in 2024, up from 94.7 million the previous year.
Greek IT Firm Denies Involvement in Russian Hack of European Medicines Agency
According to Volkskrant, the breach began in July 2020 and continued undetected for four months until EMA discovered it on December 1 of that year.
Social Media Dominates News Consumption Among Greek Youth
Instagram has emerged as the most popular platform for news among young Greeks, with 52% using it to stay informed. TikTok is also gaining traction, particularly among teenagers.
Food Prices in Greece Skyrocket While Wages Lag Behind
Over the past four years, food prices have surged by more than 30 percent.
Seismic Swarm Between Santorini and Amorgos Underlying Volcanic Activity, Experts Warn
Seismologist Kostas Papazachos has warned that the tremors in the area of Santorini could persist for another two to three months.
Celebrating Maria Callas: Documentary Focuses on the Diva’s Roots in Greece
Featuring rare archival footage, previously unreleased recordings, and interviews, "Mary, Mariana, Maria" sheds light on Callas's personal and artistic growth in wartime Athens, as well as her return to Greece in 1975 as an internationally renowned opera star.
Greek Shipping Solidifies Global Leadership, Controlling 20% of World’s Deep-Sea Fleet
With over 5,000 vessels under Greek management, Greece leads the world in transporting liquid and liquefied gas cargos and holds the second-largest market share in dry bulk shipping.
Seismic Activity Near Santorini Eases, But Experts Remain Vigilant
Over 19,200 earthquakes have been detected in the Santorini-Amorgos seismic zone since the activity began on January 26.
Greek Politics in Turmoil: Mitsotakis, Opposition Battle Over Train Crash Inquiry
His critics argue that while Mitsotakis publicly champions the independence of Greece’s institutions, his government has repeatedly interfered in judicial matters.
Greece Launches "Renovate - Rent" Program to Boost Long-Term Rentals
With a total budget of €50 million, the program provides subsidies covering up to 60% of renovation costs, with a maximum eligible expense of €13,500 and a maximum grant of €8,000.
Greek Parliament Set to Relaunch Probe into 2023 Train Crash Controversy
The Greek Parliament is taking a step forward in investigating again the 2023 Tempi train crash, a disaster that claimed 57 lives and remains a point of contention in the country’s political landscape.
Greece Moves to Ease Tax Burden on Non-Profits Amid Legal Ambiguities
A new legislative initiative is set to tackle the legal hurdles that threaten the financial sustainability of non-profit organizations in Greece. The Finance Ministry plans to introduce reforms in parliament by March, focusing on the taxation framework that has long disadvantaged the sector.