News In English
Greece Opens Military Combat-Trauma Training to Civilians
A new joint ministerial decision allows Greek citizens and nationals of other European Union member states between the ages of 18 and 60 to take part in combat-trauma courses offered by the Greek Armed Forces.
Turkey Declares Marine Parks Around Contested Waters Near Greek Islands
The parks were established through presidential decrees signed by President Recep Tayyip Erdoğan and published in Turkey’s official gazette on Aug. 15.
The World’s Superyachts Are Flocking to Greece, So Are the Problems
From the 101-meter Destiny, owned by Blackstone co-founder Stephen Schwarzman, to investor Yuri Milner’s 116-meter Multiverse and CVC Capital Partners co-founder Rolly van Rappard’s 56-meter Blue II, Greek waters are once again hosting some of the world’s biggest yachts—and fortunes.
Greece’s Power Grid Comes Under Scrutiny as Wildfires Raise Alarm
Greece’s sprawling electricity distribution network is coming under scrutiny as investigators examine whether power lines played a role in some of the country’s recent destructive wildfires, raising broader questions about aging infrastructure, maintenance and staffing.
Greek Court Revokes Licenses for Three Private Universities, Exposing Flaws in Reform Rollout
Greece’s highest administrative court has revoked the operating licenses and academic-program approvals of three newly authorized private university ventures, exposing flaws in the rollout of one of the government’s most consequential—and politically contentious—higher-education reforms.
Greece Launches Central Platform for Trading Bad Loans
Greece is introducing a centralized electronic platform to track transactions in nonperforming loans, in the latest effort to bring greater transparency and standardized reporting to a market that has played a central role in the cleanup of the country’s banking system.
Greece Keeps Construction’s Tax Exception - and Its Problems
Tax professionals argue that restoring VAT on new construction could create a chain of mutual enforcement across the industry.
From Greece to California: The High-Stakes Battle Over Taxing the Rich
The battle over taxing the rich, from Athens to California, is ultimately a battle over that asymmetry.
Greece Tightens Rules on Mobile-Billed Digital Services to Curb Unwanted Charges
Greece is tightening the rules governing digital services charged directly to consumers’ phone bills, introducing stricter consent and authentication requirements designed to prevent subscribers from being hit with unwanted or poorly understood charges.
Greece Eyes New Tax Breaks as Household Finances Remain Under Pressure
Greece’s government is preparing a multiyear package of tax cuts and spending measures to unveil at the Thessaloniki International Fair, seeking to turn the country’s most important annual economic-policy event into the starting point of a four-year political and fiscal plan.
Stelios Ramfos, Greek Philosopher and Public Intellectual, Dies at 87
Ramfos occupied an unusual place in Greek intellectual life.
Greek Lawyer Sought €3,600 Tax Break for ‘Tips.’ Tax Authorities Said No
The lawyer acknowledged that his earnings weren’t explicitly classified as gratuities.
Athens’ Historic Panathenaic Stadium to Get First Major Marble Cleaning in 120 Years
At the Panathenaic Stadium, the immediate objective is considerably more tangible
Greece’s Climate Is Shifting as Heat and Drought Days Triple Around Athens
The climate around the Greek capital is becoming markedly hotter and drier, offering a stark measure of how quickly conditions are changing in one of Europe’s most climate-vulnerable regions.
Greece’s Student Housing Squeeze Deepens as Rents Rise for Fifth Straight Year
Greece’s student-housing market is heading into another difficult academic year, with rents rising for a fifth consecutive year as a shortage of small apartments collides with steady demand in the country’s main university cities.
Greece Reviews Pension System After Historic Retirement Wave
Greece is putting its pension system under fresh scrutiny after more than 1.18 million people retired between 2020 and 2025, the largest retirement wave in decades and a test of whether one of Europe’s fastest-aging countries can keep its social-security finances sustainable.
Latest Predator Ruling Renews Questions About Greece's Judicial Independence
Supreme Court Prosecutor Evangelos Bakelas rejected four applications seeking to revive the archived investigation.
Greece Launches Military Real Estate Agency to Fund Housing for Armed Forces
The agency will be governed by a five-member board appointed by the Minister of National Defence.
Cash at the Checkout Instead of the ATM: Greece Lags Europe’s Cashback Trend
Cashback allows shoppers to receive cash from the store’s till as part of a debit-card purchase, eliminating the need to visit an ATM.
Greece's Household Deposits Recover, Yet Long-Term Savings Still Need a Boost
Over nearly 11 years, deposits have increased by €56 billion, equivalent to average annual growth of roughly €5.2 billion, or 4.2%.
Bank of Greece Strengthens Oversight of Loan Servicers
Investors will now be required to submit detailed questionnaires and supporting documentation to the Bank of Greece as part of the supervisory assessment.
Piraeus Bank Approves Up to 87% Pay Increase for CEO Christos Megalou
CEO fixed salaries ranged from €180,000 to €4.6 million, placing the proposed compensation for Piraeus Bank's chief executive in the middle-to-upper end of the distribution rather than at its peak.
Daily Tobacco Use in Greece Stays Well Above EU Average
Across the European Union, about one in six people aged 16 or older now report using tobacco or related nicotine products every day.
Greek Taxpayer Wins Appeal After Monaco Bank's Reporting Error Triggered Tax Bill
The dispute began after Greece's tax administration received data through the automatic exchange of financial account information between jurisdictions.
HELLENiQ ENERGY Pairs Lower Debt With Strong Earnings, Signals Higher Shareholder Returns
HELLENiQ ENERGY reported adjusted second-quarter EBITDA of €442 million and adjusted net profit of €253 million
Coca-Cola HBC's Greek Antitrust Battle Heads to Supreme Administrative Court
The case began on Nov. 3, 2022, when the Hellenic Competition Commission concluded that Coca-Cola HBC Greece had abused a dominant position in the Greek market for immediate-consumption cola and non-cola carbonated soft drinks.
French Investor Takes Majority Stake in Greece-Cyprus Power Link, but Key Deal Terms Remain Undisclosed
The agreement was signed Wednesday at the Greek prime minister’s official residence in Athens in the presence of Prime Minister Kyriakos Mitsotakis
Same Tax Offense, Different Fine: €10,000 on Rhodes, €5,000 on Nisyros
During an on-site inspection, tax auditors found that the business was processing card payments through a POS terminal that was not linked to its fiscal cash register, as required under Greek law.
As Athens' Forests Disappear, Greece's Fire Strategy Faces New Scrutiny
The findings are likely to renew debate over Greece's wildfire strategy as climate change intensifies the conditions that fuel increasingly severe blazes across southern Europe.
Greek Survey Finds Broad Support for VAT and Fuel Tax Cuts to Ease Cost-of-Living Pressures
The latest results suggest broad public backing for reducing indirect taxes as a tool to curb inflation and improve purchasing power.
Greek Consumers Stay Europe's Most Pessimistic
Two-thirds of respondents said their financial situation had deteriorated over the past year.