News In English
Petros Molyviatis, Architect of Modern Greek Diplomacy, Dies at 97
His long and respected diplomatic career coincided with some of the most turbulent moments of the Cold War and the shifting geopolitical landscape of the Balkans, allowing him to develop deep expertise in international relations and European affairs.
RSF Monitors Predator Trial in Greece Amid Press Freedom Concerns
The Predator case, now unfolding at the Athens Court of First Instance, involves executives from the companies Intellexa and Krikel, which are accused of facilitating the use of the illegal spyware.
Greece Lags Behind EU in Safeguarding Against Security Risks from Foreign Investments
The timing of Greece’s long-overdue move is particularly striking given that the European Union is already preparing to go a step further.
Greek Consumers Remain the Most Pessimistic in the EU – 66% Expect Economic Downturn
This places Greece well ahead of other EU nations in terms of pessimism, with Estonia and Slovenia trailing behind at -36.7 and -29.3, respectively.
EU Eyes Flexible Gas Storage Rules to Ease Prices – A Boost for Greece
One of the most notable revisions involves reducing the mandatory fill level for gas storage from 90% to 83%, to be achieved annually between October 1 and December 1.
Greece Falls to 89th in Global Press Freedom Rankings, Lowest in the EU for Fourth Year Running
Greece has once again found itself at the bottom of the European Union in terms of press freedom, ranking 89th globally in the 2025 World Press Freedom Index published by Reporters Without Borders (RSF). T
No Summer Price Hikes for Greek Island Ferries
As of May 1st, the Greek government has announced a freeze on ferry ticket prices across the country, despite mounting cost pressures from a new European Union regulation requiring ships to switch to more expensive, environmentally friendly fuel. Speaking from the island of Syros, Greece’s Minister of Shipping and Island Policy, Vassilis Kikilias, confirmed that there will be no increase in ferry fares, not now and not during the busy summer travel season.
How Greece’s Traffic Fatalities Expose a Broader Road Safety
At first glance, Greece appears to be making progress on road safety. According to preliminary figures from the Hellenic Statistical Authority (ELSTAT), February 2025 saw a slight 3.1% decline in road traffic accidents compared to the same month in 2024, dropping from 702 to 680 incidents.
From Energy Security to National Security: Greece’s Costly Balancing Act
As Europe confronts rising security threats, particularly from Russia, a new era of defence readiness is underway.
Green Energy Oversupply Sends Greek Electricity Prices Below Zero
On May 1st, Greece experienced an extraordinary energy market event that reflects a broader trend gripping Europe: for six consecutive hours, the Greek electricity market registered negative prices, plunging to a record low of -€50 per megawatt-hour at midday.
Greece’s New Security Secretariat Raises Fears of Institutional Undermining
In a move that has sparked alarm among experts and constitutional observers, Greek Prime Minister Kyriakos Mitsotakis has unilaterally established a General Secretariat for National Security—a powerful new structure placed directly under his control.
OECD Flags Greece’s High Tax Pressure on Workers
What is particularly striking in the Greek case is that this increasing burden hasn’t come from a deliberate hike in tax rates or social contributions.
Athens Gears Up for Major International Defense and Security Showcase: DEFEA 2025
This year’s edition of DEFEA confirms its growing international stature, with 436 exhibitors from 37 countries, 18 national pavilions, and 98 official delegations from 45 nations.
Attica’s Water Supply at Risk, Warns Greece’s Main Water Utility
As concerns over water scarcity grow, especially in light of increasing drought frequency and climate pressure, EYDAP’s CEO, Haris Sachinis, presented a broader plan to address water security for Attica.
A Greek Bank’s Bold Answer to Europe’s Demographic Challenge
Greece has long faced population decline, especially in its remote and border regions.
Greece’s Fiscal Strategy Faces Questions Over Tax Windfall and Investment Optimism
One of the most striking claims is that anti-tax evasion reforms implemented in 2024 will lead to a permanent increase in annual tax revenues of over €2 billion.
Thousands of Property Owners up in Arms Over New Building Regulations
Under the new regulations, only plots larger than two stremmata (around half an acre) with direct access to a recognized public road will qualify as buildable within these small settlements.
Too Little, Too Late? Greece Struggles to Tackle Demographic Challenges
Among the measures are significant increases in child benefits, tax breaks for working parents, and incentives to encourage larger families.
Greek Prime Minister Mitsotakis to Attend EPP Congress in Valencia
For the Greek delegation, the congress represents more than just a ceremonial gathering.
After Tempi Tragedy, Greece Moves to Reinvent Its Railway Safety
Technological upgrades include mandatory installation of high-precision GNSS receivers and satellite internet in all locomotives.
Metlen Charts New Future with London Listing and Breakthrough in Circular Metallurgy
Mytilineos presented the company’s broader transformation strategy, termed the "Big THREE Transformation".
Former Greek Transport Minister Faces New Scrutiny Over Deadly Train Crash
Former Greek Transport Minister Kostas Achilleas Karamanlis is once again under intense political scrutiny, as judicial authorities move closer to referring him to Parliament over potential criminal liability in the 2023 Tempi railway disaster.
Metlen Gathers Global Attention Ahead of London Listing
Today, market attention turns to London, where Metlen is hosting its highly anticipated Capital Markets Day.
Regulatory and Financial Red Flags Mount Over Piraeus–Ethniki Deal
Reflecting the broad consensus among market insiders, it has been repeatedly noted that the sale of Ethniki Insurance by CVC Capital Partners Fund VII to Greece’s Piraeus Bank, at a valuation of €600 million, amounts to a significant "gift" to the private equity fund. It represents an exceptionally favorable exit strategy for CVC’s investors, rather than a deal based on strong fundamentals.
Greece Climbs in European Travel Rankings Despite Changing Tourist Trends
European travelers are showing a growing appetite for new destinations and less crowded periods, influenced by broader economic and geopolitical uncertainty.
Golden Visas and Global Uncertainty Fuel Greece’s Property Boom
Foreign investment in Greece’s real estate market soared to record levels in 2024, fueled largely by capital inflows from Europe and a surge in demand from Turkish investors seeking safer opportunities abroad.
Mysterious Ground Cracks Alarm Residents of a Greek Village
Concerns are mounting in the village of Voutes, near Heraklion in Crete, where unusual ground fissures have appeared, damaging homes and unsettling residents.
EU Lawmakers Urge Greek PM to Crack Down on Tanker Sales to Russia’s Shadow Fleet
The lawmakers are calling on the Greek government to tighten controls over the sale of ships to third countries, prevent further transfers to suspicious entities, and maintain efforts to restrict ship-to-ship transfers of Russian oil in Greek waters.
Construction Costs in Greece Keep Climbing, Despite Signs of Slowing
One exception to the inflationary trend was diesel fuel, which dropped by 7.3% year-on-year, offering a rare reprieve amid otherwise rising costs.
Greece Targets Struggling Regions with New Investment Incentives
Tourism projects in areas affected by natural disasters will also be eligible for support.
Patient Catches Fire During Surgery at Greek Hospital
The fire reportedly broke out near the end of the procedure due to a suspected malfunction in a piece of electrosurgical equipment known as a diathermy unit—commonly used to cauterize blood vessels during surgery.