News In English
Greek Households Face 38% Surge in Heating Oil Prices Despite Government Subsidies
The projected price exceeds levels recorded during the European energy crisis in 2022, when heating oil sold for approximately €1.41 a liter.
Greece Gears Up for Global Money-Laundering Crackdown Review
The preparations come as Greece also faces a July 2027 deadline to incorporate the EU’s latest anti-money-laundering directive into national law.
Kimberly Guilfoyle’s Departure From Athens Casts Doubt on Stylist’s Greek Business Venture
According to the company's registration details, the business was established to trade in clothing, footwear, handbags and jewelry, suggesting plans to introduce the Fancy James brand to the Greek retail market.
Deadly Storm Batters Greek Islands, Leaving One Dead and Widespread Damage
The worst damage was reported on Rhodes, a major tourist destination in the southeastern Aegean Sea.
Alphabank Reinvents Its Brand Without Abandoning Its Historic Emblem
Chief Executive Vassilis Psaltis unveiled the collaboration, emphasizing the challenge of creating a contemporary identity while preserving the elements that have made the bank recognizable to generations of Greek customers.
Greece’s Ruling Party Struggles as Cost-of-Living Anger Fuels Political Fragmentation
The Opinion Poll survey places the ruling New Democracy party at 25.5% in voting intentions, down slightly from 25.7% in September.
Pegasus Spyware Scandal Raises New Questions Over Foreign Surveillance and Political Espionage in Europe
According to Kouloglou, the Polish case of Pegasus demonstrates how sophisticated surveillance technology, ostensibly acquired for national-security purposes, can be deployed against political opponents and journalists.
U.S. Embassy in Greece Faces Uncertain Transition After Trump Ousts Kimberly Guilfoyle
Guilfoyle’s removal follows a series of reports in The Wall Street Journal concerning her relationships with businessmen, financial transactions and acceptance of private travel arrangements.
Greece Braces for Severe Storms as Heavy Rain and Gale-Force Winds Threaten Athens and Islands
Greece is preparing for two days of severe weather, with torrential rain, powerful thunderstorms and gale-force winds expected to sweep across much of the country Tuesday and Wednesday, raising concerns about flooding and disruptions to transportation.
Kimberly Guilfoyle Taps Washington - Connected Lawyers as Trump Raises Prospect of Her Removal
Kimberly Guilfoyle, the U.S. ambassador to Greece, is facing mounting scrutiny after President Trump suggested her position could be in jeopardy, while two politically connected American attorneys prepare to defend her against allegations that have attracted attention on both sides of the Atlantic.
Greece Sets Up Regulatory Task Force to Oversee Euronext Integration Amid Market Data Fee Dispute
Greece’s capital markets regulator has established a special task force to oversee the integration of the Athens Stock Exchange into Euronext’s European trading infrastructure, as tensions mount between the exchange operator and local brokerage firms over new market data charges.
IMF Sees Greek Growth Slowing to 1.8% as Inflation Surges to 4.2%
Greece’s economy is expected to slow over the next two years as accelerating inflation and a widening external deficit threaten to undermine its recovery, according to new forecasts from the International Monetary Fund.
Greece’s New Data-Center Rules Could Give Energy Giants an Edge in the Race for Grid Access
In September, Greece’s state-controlled electricity company, Public Power Corp., or PPC, announced a data-center development with Amazon Web Services at Agios Dimitrios, near Kozani in northern Greece.
Greece Moves to Ease Property Mergers, Bypassing Building Owners’ Veto Power
The most significant departure from existing practice is the removal of the requirement for unanimous consent from co-owners of apartment buildings, a frequent obstacle to property redevelopment in Greece.
Sony Music Moves to Complete Greek Label Merger, Valuing Cobalt Music at €4.3 Million
According to a valuation report prepared by auditing firm Premium Audit, the transaction is based on a March 31, 2026, restructuring balance sheet that provides a detailed picture of Cobalt’s financial position ahead of its absorption.
Greek Shipping Giant’s Athens IPO Offers Investors $3.9 Billion in Contracted Revenue
The company currently operates 13 container ships, with its fleet expected to expand to 36 vessels by late 2028 under an investment program approaching $1.8 billion.
Greek Banks Have Recovered. Their Troubled Borrowers Haven’t
The proposals underscore a persistent contradiction in Greece's economic recovery.
Greece Plans 15% Flat Tax for International Organization Retirees
The measure would establish a separate tax regime for pensions paid by recognized international organizations to individuals who are Greek tax residents.
Greek Inflation Surges to 5% as Energy Prices Soar, Squeezing Households
Consumers in Greece are already grappling with elevated living costs and limited purchasing power.
Greece Strengthens Stock-Market Whistleblower Protections With New Reporting Rules
The decision, issued Sept. 24, represents the first major revision of the framework in six years.
Greece’s Tax Authorities Scrutinize Ticketmaster Over Major Concert as Profits Surge
Ticketmaster acknowledges in its financial statements that the outcome of a tax audit cannot be reliably predicted, saying the provision was calculated using statistical data.
Heating Oil Prices Surge Across Europe as Greece Prepares Subsidies to Shield Households
Denmark tops the list at €2.45 a liter, roughly 41% above the EU average, followed by Portugal at €2.204, Italy at €2.063 and Finland at €2.048.
Greek Shipping Tycoon Marinakis Bets on Athens With €250 Million IPO, Promising High Dividends
Marinakis described the listing as a vote of confidence in Greece’s economy and financial markets.
Greek Business Heavyweights Commit €70 Million to Marinakis Shipping IPO
The investors—Giannis Vardinogiannis, Socrates Kokkalis, Evangelos Mytilineos and George Peristeris—would collectively own about 6.77% of Capital Maritime Finance.
National Bank of Greece Bets on AI Agents and Embedded Banking
National Bank has instead spent years replacing technology while keeping the lender running—akin to rebuilding an aircraft in flight.
Rubio Says America Owes Greece a Debt ‘Time and Distance Can Never Erase’
“Athens gave us democracy,” Rubio said, while Plato and Aristotle helped give the West its philosophical foundations.
Greek Banks Face Limited Risk From Bond-Market Pressure, DBRS Says
Government bonds on Greek banks’ books were equivalent to nearly 300% of their common equity Tier 1 capital, a key measure of financial strength,
Greece Offers €95 Million Energy Relief, but Industry’s Cost Problem Runs Much Deeper
Energy-intensive manufacturers will receive additional support. The intervention is expected to remove €95 million in costs from industrial production, with details due in the coming days.
Greece Tightens Scrutiny as Banks Push Into New Businesses
Banks will have to secure regulatory clearance before launching a new activity and provide detailed information on both the business itself and its potential effect on their financial position.
Greece Puts the Brakes on Sudden Renewable - Power Swings
Rapid growth in renewable generation is producing more hours of very cheap - or even negative - electricity.