News In English
Greek Lawmakers to Discuss Expanding Armed Forces Capabilities
Greek Prime Minister Kyriakos Mitsotakis is set to present potential revisions to the country’s military procurement program and broader defense strategy before Parliament on Tuesday, March 18.
The Euro’s Impact on Greece: A Quarter-Century of Transformation
Greece’s entry into the Eurozone was a historic achievement that reshaped the country’s economic trajectory, according to the Governor of the Bank of Greece, Giannis Stournaras.
Greece Cracks Down on Electricity Theft: Over €1.2 Million in Violations Uncovered
Greece’s power distribution operator, DEDDIE, has intensified its efforts to combat electricity theft, conducting more than 700 targeted inspections across hotels, restaurants, and cafés (HORECA sector) in recent months. The crackdown has already revealed cases of electricity theft valued at over €1.2 million, highlighting the scale of the issue in the country’s hospitality industry.
Greece’s Ruling Party Gambles on 13th Salary and Pension to Bolster Support
According to government insiders, discussions are underway about not just reinstating the 13th salary but also restoring the 13th pension—or at least issuing a substantial financial bonus to retirees.
Bracebridge Capital Expands Presence in Greece with Major Loan Acquisitions and New Subsidiary
Boston-based hedge fund Bracebridge Capital LLC, which manages assets for prestigious institutions including Yale and Princeton, currently oversees approximately $12 billion in assets under management.
Greek Government Prepares for Major Cabinet Reshuffle Amid Political Turmoil
The Greek government is moving to recover lost political ground following recent mass protests and a no-confidence motion in parliament.
EU Defense Budget Boost Opens Doors for Greece’s Defense Industry
However, structural challenges within Greece’s state-owned enterprises have hindered their ability to integrate into international defense supply chains.
Real Estate Stalemate: Why Over 500,000 Homes in Attica Sit Empty
A staggering one in four homes in Attica—totaling 526,154 properties—remains vacant or unused, according to a 2021 housing stock census conducted by Greece’s Hellenic Statistical Authority (ELSTAT).
Electricity Costs in Greece Climb Due to Market Inefficiencies and Export Growth
The average wholesale price of electricity reached €135 per megawatt-hour (MWh) in January, a 4% increase from €129 in December.
Greek Government Reconsiders Bonus Salaries as Popularity Declines
Before any changes are made, the government will engage in consultations with the European Commission to assess new spending limits under the EU’s Stability Pact.
EU Green Rules Overhaul: What Changes for Businesses?
The relaxation of sustainability regulations is aimed at boosting European businesses amid increasing global competition.
Greek Think Tank Advocates Smart Health-Based Taxation
Unlike traditional "sin taxes," which aim to discourage consumption through higher costs but often lead to unintended consequences like inflation or illicit trade, this approach focuses on incentives rather than penalties.
Aegean Airlines Kicks Off 2025 with Strong Passenger Growth and Expansion Plans
The airline closed 2024 on a high note, carrying a total of 16.3 million passengers, an annual increase of 6% compared to 2023.
Declining Employment in Greece’s Agricultural Sector
The decline in agricultural employment is a concerning development, given the sector’s crucial role in Greece’s economy, particularly in rural areas.
Greek Economy Saw 2.3% Growth in 2024, GDP at €201.5 Billion
Greece’s economy grew by 2.3% in 2024, with its Gross Domestic Product (GDP) reaching €201.5 billion, according to an initial estimate released by the Hellenic Statistical Authority (ELSTAT). The figure reflects an increase from €197.0 billion in 2023, driven by changes in key GDP components.
Global Art Players Set Their Sights on Greece
Η απόφαση τής Anaïs Lellouche να δημιουργήσει μια επιχείρηση στην Ελλάδα σηματοδοτεί την πίστη της στις καλλιτεχνικές δυνατότητες της χώρας.
Opposition Demands Answers as No-Confidence Debate Heats Up in Greece
Androulakis accused the ruling New Democracy party of covering up crucial details regarding the tragedy.
Greece’s Tax Authority Strengthens Audit Program for 2025
Special attention will be given to cases involving prosecutorial orders, high-risk taxpayers, and compliance checks on capital transfer tax declarations.
Poll Reveals 78% of Greek Demonstrators Want Government Change
Nearly half of the demonstrators, 46%, sent a message that they were protesting not just the Tempi disaster but also the overall failures of recent years.
Greece’s Political Landscape Undergoes Seismic Shifts: Midsummer Reckonings for Party Leaders
Prime Minister Kyriakos Mitsotakis faces mounting pressure, with his party’s support continuing to decline.
Economist Democracy Index 2024: Greece Drops Five Places Due to Government Functioning Weaknesses
Greece has fallen five spots in the Democracy Index 2024, ranking 25th globally, according to the latest report by the Economist Intelligence Unit (EIU).
Mass Protests in Greece Reshape Political Landscape Amid Public Outrage Over Tempi Tragedy
Mass protests held across Greece on February 28 in response to the Tempi rail disaster have significantly shifted the country’s political landscape.
Bank of Greece Tightens Oversight on Servicers Managing Securitized Loans Under "Hercules" Program
The Bank of Greece is ramping up its oversight of servicers managing securitized loans under the "Hercules" asset protection scheme, introducing stricter reporting and supervisory frameworks.
Seven Years After Greece’s Deadliest Wildfire, Court Nears Key Verdict
Seven years after the catastrophic wildfire in Mati, Greece, which claimed over 100 lives and left dozens severely injured, the appeal trial for the tragedy has reached a decisive moment.
EU Bond Markets Hit by Defense Spending Surge: Greek 10-Year Yield Rises to 3.57%
European bond markets are experiencing significant turbulence as investors react to rising defense expenditures across the EU.
Greek Parliament Approves Inquiry into Deputy Minister Over Tempi Tragedy Site Alteration
The opposition united in fierce criticism against both Triantopoulos and the government.
Hellenic Navy to Deploy High-Tech Naval Drones for Combat and Surveillance
Greece sees this as an opportunity to reinvigorate its fragmented defense industry while simultaneously closing the gap with Turkey, which has made significant strides in military technology.
Greece Introduces Digital Overhaul to Speed Up Customs and Strengthen Controls
By automating validity checks and managing import quantities in real time, the system significantly improves the speed and accuracy of customs procedures.
Israeli Entrepreneurs Launch Construction and Real Estate Firm in Greece
The company has an initial share capital of €500,000.
Greece’s Wiretapping Scandal: Predator Spyware Trial Begins Amid Allegations of Cover-Up
A trial linked to Greece’s notorious wiretapping scandal begins today in an Athens misdemeanor court, but critics say it barely scratches the surface of a case that has shaken the country’s political and security landscape.
John Paulson Exits Greek Banks, Cashing in Nearly €390 Million
His sell-off began in late January, shortly after mass protests erupted in Greece over the Tempi train disaster, which fueled widespread public discontent.