News In English
Optima Bank Penalized Over Anti-Money Laundering and IT Control Deficiencies
The sanctions were imposed by the Bank of Greece's Credit and Insurance Committee (EPATH), the supervisory body responsible for overseeing banks and insurers.
Greece Extends Life of Island Thermal Power Plants Pending Grid Links
The Regulatory Authority for Waste, Energy and Water (RAAEY) said it had approved a request from state-controlled utility Public Power Corp. (PPC) after determining that the license extensions were consistent with existing regulatory requirements.
Greek High Court Rules Profit Margin Cap Complies With EU Law
The Greek High Court has ruled that the profit margin cap is compatible with European Union law.
After Deadly Helicopter Collision, Focus Shifts to Greece's Firefighting Contract
Following Sunday's fatal mid-air collision of two Bell helicopters battling a large wildfire near Psatha, west of Athens, attention has turned to the contract governing the aircraft's lease, with particular focus on its insurance requirements and liability provisions.
How Uncertainty Froze Investment and Jobs in Greece
Economic uncertainty drove up to one-third of Greece's investment gap and 40% of job losses during the debt crisis, a new IOBE study found.
Ioannis Varvitsiotis, Veteran Greek Conservative Politician, Dies at 93
Ioannis Varvitsiotis, a veteran Greek conservative politician who served for nearly five decades in parliament and held several senior cabinet posts, died on Sunday at his home in Athens. He was 93 and passed away on his birthday.
Pierrakakis Weighs Tax Relief for Greece's Professionals and Small Businesses Ahead of Key Policy Address
The Greek government is preparing a package of tax measures aimed at self-employed professionals and small businesses that is expected to feature prominently at September's annual Thessaloniki International Fair (TIF).
Greek Tax Authority Launches First Large-Scale Livestock Subsidy Inspections
The inspections involved 58 AADE officials deployed from across the country.
The €500 Note Was Supposed to Disappear - €100 Billion Is Still Out There
More than €100 billion worth of €500 notes remained in circulation across the euro area in the second quarter of 2026.
Short-Term Rentals in Greece: The Mistakes That Can Trigger Heavy Fines
A series of compliance failures involving just three apartments left one property owner in Greece facing €47,600 in fines, underscoring how quickly penalties can mount for landlords operating in the country’s short-term rental market.
Trading Boom Powers Euronext Athens as Costs Rise
Euronext Athens Holding is also reorganizing its corporate structure, moving the operation and management of Greece's equity and derivatives markets into a separate wholly owned subsidiary.
Wildfires Scorch Southern Greece as Crete’s Preveli Palm Forest Burns
The wildfire had burned for a second day after spreading rapidly through rural communities south of the city of Rethymno.
Greece’s Tourism Boom Masks a Reality: Nearly Half of Greeks Can’t Afford a Vacation
Only Romania performed worse, though Bulgaria and Hungary followed Greece, both at 39.1%.
Greece’s Island Tourism Map Shifts as Travelers Look Beyond Santorini
Bookings from France increased 6.9%, while those from the U.S. rose 5.4%. Britain, another important source of visitors to Greece, recorded an 11.1% decline, while Australia fell 17.9%.
Metlen’s Strategic Bet on Gallium Takes Shape
Metlen plans to produce 50 metric tons of gallium annually.
OTE’s Wholesale Revenue Shrinks as It Walks Away From Low - Margin Business
As OTE expands its own fiber network, competitors are increasingly using that infrastructure to serve their customers.
Three Firefighters Die as Wildfires Burn Across Greece
The firefighters, who died at the wildfires, are believed to have left the truck amid dense smoke, limited visibility and fast-moving flames.
Greek Premier’s Nephew Loses Third Lawsuit Over Surveillance - Scandal Reporting
The decision marks the third lawsuit brought by Dimitriadis over reporting related to Greece’s surveillance scandal to be rejected by a Greek court.
Metlen Secures Landmark U.S. Gallium Supply Deal, Advancing Europe's Critical Minerals Push
The deal represents a strategic milestone in Europe's efforts to build a more resilient supply chain for critical raw materials.
Greece Has Plenty of Homes. Why Is Housing So Unaffordable?
About two in five Greek households spend more than 40% of their income on housing, putting them above the threshold commonly used to identify households facing housing-cost overburden.
ElvalHalcor First-Half Pretax Profit Jumps 78.6% as Metal Prices, Volumes Lift Results
Revenue rose 18% to €2.20 billion in the six months through June from €1.86 billion a year earlier.
Panik Entertainment, Delta Production Form New Greek Entertainment Venture
The partnership has been formalized through the newly established Crescendo Music Company, a vehicle that combines Panagiotakis’s production interests with Panik’s music and artist-management business.
Nine Greek Beaches Lose Blue Flag Status Over Management Shortcomings
The Blue Flag is one of the world’s most recognizable environmental certifications for beaches, marinas and tourism boats.
Greek Households Burn Through Savings as Incomes Fall and Investment Slumps, Eurostat Data Show
Gross disposable income in Greece fell 2.5% from the previous quarter, according to Eurostat. Yet household spending on individual consumption rose 1.2% over the same period.
Theon Sees Temporary Rise in Leverage as Acquisitions Drive Growth
The company's net debt-to-EBITDA ratio, currently at 1.7x, is expected to rise to around 3.0x on a pro forma basis following the acquisitions of France's MERIO and HGH.
Chubb to Expand Thessaloniki Technology Hub With €15.5 Million Investment
The investment has been approved under Greece's development law, which provides state support for large-scale projects considered strategically important for the country's economy
Dubai Arrests of Alleged Tobacco-Smuggling Crime Bosses Mark Blow to Greek Organized Crime
The suspects are known by the aliases "Entik," described by investigators as the organization's leader, and "Leonidas," an ethnic Greek from Uzbekistan who is alleged to have served as the group's second-in-command
Surging Oil Prices Undercut Greece’s Fuel Relief Measures
International oil prices rose so quickly that much of the discount was effectively wiped out before consumers could feel the benefit.
Greece Tightens Jet-Ski and Water-Park Rules as Marine Tourism Expands
Rented jet skis will have to carry satellite-tracking and remote-control systems, while floating water parks will for the first time operate under a dedicated set of technical and safety standards.
Parnon Holdings Acquires DBC Corporate Advisory in First Deal Under Giannis Sakkaris
Giannis Sakkaris is the brother of professional tennis player Maria Sakkari, one of Greece's best-known international athletes. Maria Sakkari is engaged to Konstantinos Mitsotakis, the son of Greek Prime Minister Kyriakos Mitsotakis.
Despite Poll Lead, Greece's Governing Party Faces Questions Over Waning Momentum
While the figures leave New Democracy comfortably ahead, they also indicate that nearly seven out of ten voters are backing other parties, highlighting the limits of the governing party's electoral appeal after years in office.