News In English
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.
CVC’s Ethniki Insurance Play: From Entry to Asset Stripping to Exit
Negotiations between Piraeus Bank and CVC over the acquisition of Ethniki Insurance, Greece’s largest insurer, are expected to reach a critical juncture this week.
Coffee Prices Surge, but Greek Café Scene Keeps Expanding
Coffee lovers in Greece may soon be paying more for their daily cup, as retail and café prices are set to rise between 10% and 25% in the coming weeks.
Ghent University Scientists Uncover Explosive Findings in Deadly Greek Train Collision
Scientists from Ghent University have uncovered critical new evidence about the fire that followed the tragic train collision in Tempi, Greece.
Owning Property in Greece? You May Owe Taxes Even Without Local Income
If a foreign investor faces a tax assessment based on imputed income, they have the right to file an administrative appeal with the Independent Authority for Public Revenue (AADE) in Greece.
Hundreds of Small Earthquakes Shake Santorini – Scientists Monitor Seismic Trends
A surge in seismic activity has been recorded in the Aegean Sea, particularly in the area between the Greek islands of Santorini and Amorgos, with over 200 tremors occurring over the weekend.
Greek Court Case on Public Sector Wages Raises IMF Concerns
Despite assurances from the Greek government that it has no plans to reinstate the 13th and 14th salaries for public sector employees, a legal challenge by Greece’s public sector union, ADEDY, set for June, has drawn the attention of the International Monetary Fund (IMF). The case seeks to restore holiday bonuses that were cut during Greece’s financial crisis and bailout programs.
Piraeus Bank’s Interest in Ethniki Insurance Puts Pressure on National Bank of Greece
The unexpected interest of Greece’s Piraeus Bank in acquiring Ethniki Insurance, the country’s largest insurer, has raised eyebrows in the financial and insurance sectors.
NBG Contradicts Greek Supreme Court’s Justification for Dismissing Predator Spyware Complaints
The scandal revolves around the illegal use of Predator spyware, which was allegedly deployed to monitor 87 high-ranking officials, including ministers, military personnel, journalists, prosecutors, and entrepreneurs.
Thanasis Gavos Joins Metlen as London Communications Officer
Metlen Energy & Metals SA, Greece’s premier global industrial and energy conglomerate, is poised to list its shares on the London Stock Exchange within 12 to 18 months following the submission of its listing application.
Piraeus Bank Confirms Interest in Ethniki Insurance as CVC Plans Exit
If Piraeus Bank proceeds with the acquisition, it would mark a significant development in the Greek financial sector.
Greece and Saudi Arabia Push Forward on Green Energy Corridor to Europe
Greece and Saudi Arabia are accelerating plans to create a green energy corridor that will transport renewable electricity from Riyadh to Europe via Greece.
IMF Cautions Greece on Structural Weaknesses Despite Economic Gains
Greece’s economic outlook remains strong in the near term, with real GDP continuing its robust expansion, according to a preliminary assessment by the International Monetary Fund (IMF).
Inspired Education Group Strengthens Its Hold on Greek Private Schools Moraitis and CGS
Inspired Education Group, the global private education giant led by Lebanese-British entrepreneur and investment banker Nadim M. Nsouli, is making strategic moves to consolidate its presence in Greece.
Greece Launches a New Digital System for Business Licensing
Greece is set to overhaul its business licensing process with the launch of Open Business, a new digital platform aimed at simplifying and accelerating the approval of business activities.
Greek Government and Judiciary Face Public Backlash Over Tempi Train Disaster, Poll Shows
A new poll by Greek research firm MRB, released on Thursday, paints a stark picture of public discontent in Greece.
Former Hellenic Train CEO Summoned Over False Testimony Allegations in Tempi Disaster Probe
Ιn connection with possible perjury during his testimony before the Greek Parliament’s investigative committee on the deadly train crash in Tempi.
Alpha Bank Expands Real Estate Strategy with Three New Companies
Greece’s Alpha Bank is strengthening its real estate investment and management strategy with the launch of three new subsidiaries: Abinvest I, Abinvest II, and Abinvest III.
Greece’s Capital Market Reforms Face Delays
Greece’s much-anticipated capital market reform bill remains missing in action, despite assurances from the Ministry of Finance that public consultation would begin immediately.
European Court of Auditors Investigates Olive Oil Authenticity and Safety in Greece
The European Court of Auditors (ECA) has launched an investigation to assess whether the European Union’s control systems effectively guarantee the authenticity, safety, and accurate labeling of olive oil—one of the region’s most iconic agricultural products.
Greek Tax Authority Revises Rules for New and Used Vehicles
Greece’s Independent Authority for Public Revenue (AADE) has announced significant changes to the way vehicles are classified as new or used, aligning with new guidelines from the European Commission.
The Open Wound of Tempi Engulfs Mitsotakis
Greek Prime Minister Kyriakos Mitsotakis’ emergency interview on Alpha TV on Wednesday night was a clear attempt to contain the political firestorm sparked by mass protests and accusations of a cover-up surrounding the Tempi train disaster.
Alexis Tsipras Institute hosts major conference on Rule of Law
The conference will conclude with a keynote speech by former Greek Prime Minister Alexis Tsipras.
Greek Judicial Investigation Under Fire Amid Cover-Up Claims in Predator Spyware Scandal
According to investigative reports, none of the 116 confirmed victims of Predator spyware were called to testify, fueling concerns that the case is being intentionally buried.
Greece Struggles with Low Enrollment in Early Childhood Education
Greece and Spain have experienced the steepest declines, with their populations of children aged 0–5 years.
Kostis Hatzidakis Outlines New Priorities for Greece’s Economy
The Greek government is signaling a new economic focus, emphasizing investments, exports, market competition, and overall competitiveness.
Prime Minister Mitsotakis’ Interview on Greece’s Rail Tragedy
The aftermath of the devastating train collision in Tempi, Greece, continues to reverberate, as the government faces mounting public pressure and demands for accountability.
Greece Tops EU Charts in Pessimism, Eurofound Survey Finds
The report highlights an urgent need for structural reforms to address economic instability, social inequalities, and transparency in governance.
IMF Mission Chief to Present Annual Report on Greek Economy
The head of the International Monetary Fund (IMF) mission for Greece, South Korean economist Joong Shik Kang, is set to present the Fund’s annual assessment of the Greek economy, known as the Article IV Report, on Thursday at Greece's Ministry of Finance.