News In English
Greece Eyes Samurai Bonds Again, Looking to Turn ‘Amazu Soosu’ Into Sweet Success
Greece’s relationship with Asian capital markets is not new.
EBA Unveils EU-Wide AML Overhaul, Poised to Impact Greek Financial Sector
The European Banking Authority (EBA) has released its long-anticipated guidance to the European Commission on the design and powers of the new European Anti–Money Laundering Authority (AMLA).
Greece Shutters 18% of Post Offices, Sparking Public Backlash and Fears of Isolation
Greece’s state-run postal service, ELTA, has sparked nationwide outrage after announcing the sudden closure of 204 branches — nearly 18% of its network.
“Chaos” Edges Out Mitsotakis as Greek Voters Lose Faith in Political Stability
A new poll by the firm Interview for POLITIC shows that more Greeks would now choose “chaos” over Prime Minister Kyriakos Mitsotakis in the political dilemma “Mitsotakis or chaos.”
Greece Launches €500,000 Program to Reward Top University Entrants
A total of €500,000 has been allocated by the State Scholarships Foundation (IKY) to fund the new Awards of Excellence program.
Pending Tax Disputes Rise in Greece, with Only 11% of Appeals Accepted
The Dispute Resolution Directorate (DRD) of Greece’s Independent Authority for Public Revenue (AADE) reported an increase in pending cases during August, reflecting ongoing pressure on the country’s tax dispute system.
One in Five Greek Taxpayers Delays Payments as Tax Compliance Reaches 82%
Greece’s Independent Authority for Public Revenue (AADE) has released new data showing that, despite an overall improvement in tax compliance, a significant share of taxpayers continues to fall behind on their obligations.
Europe’s Double Game: Greece Arms Up as Allies Sell Weapons to Turkey
Greece marked its national holiday on October 28 with a grand military parade in Thessaloniki, showcasing the most advanced weapons systems ever fielded by the Hellenic Armed Forces.
Greek Government Faces Declining Support Despite Broad Tax and Wage Reform Drive
Public support for Greece’s government has fallen, despite the unveiling of a sweeping package of tax cuts and wage increases aimed at easing the cost of living and stimulating economic growth.
Greece’s Islands Capture 11% of Global Island Tourism as Arrivals Surge
Greece’s islands continue to stand as the country’s greatest tourism asset, maintaining their magnetic appeal over time and achieving remarkable growth.
Greece Moves to Align Taxation of Multinationals and Cryptocurrencies with New EU Rules
At today’s Cabinet meeting, Minister of National Economy and Finance Kyriakos Pierrakakis will present legislative proposals to incorporate EU Directives 2023/2226 and 2025/872 into Greek law.
The Economic Abyss of the German Occupation: How Nazi Rule Devastated Greece’s Economy
The exploitation was formalized in March 1942 through what became known as the Occupation Loan, an agreement imposed by Germany and Italy on the Greek government.
Greece’s Economic Divide Widens as Attica Pulls Away from the Rest
Between January and June 2025, total bank deposits in the Attica region rose by €1.57 billion - a surge driven almost entirely by the Regional Unit of Athens, which alone added €1.584 billion.
Can Greek Investors Turn $25,000 into $133 Million? Inside Aeon’s Nasdaq Ambition
The proceeds—amounting to $250 million if fully subscribed—will be placed in a U.S. trust account managed by Odyssey Transfer and Trust Company.
Greece’s Defense Minister Caught in Political Crossfire as Party Divisions Deepen
The dispute intensified after Dendias met with the mayor of Athens and appeared to contradict the government’s stance by claiming that, under the Constitution, maintenance of the monument remains a municipal duty.
Greek Court Cancels Tax Debt Over Bureaucratic Delay
Greece’s Council of State has cleared a businessman of a €230,000 tax debt after ruling that the country’s tax authorities failed to act within the legal five-year limit, in a decision highlighting how bureaucratic inertia continues to undermine the state’s ability to collect revenue.
Greece Sees Surge in Property-Holding Companies
Greece is witnessing a steady rise in the number of companies that own real estate, with the total expected to surpass 70,000 for the first time in 2025.
Fire at Hellenic Defense Systems Plant in Lavrio Raises Safety and Pollution Concerns
The incident has drawn further attention to the long-standing delays in the decontamination of the Lavrio facilities.
Foreign Property Owners in Greece Under Scrutiny for Undeclared Rental Income
The issue primarily concerns citizens from EU and Balkan countries who lease their properties through short-term platforms such as Airbnb or through long-term rental agreements without declaring the income to Greece’s Independent Authority for Public Revenue (AADE).
Tears, Music, and Farewell: Greece Bids Goodbye to Dionysis Savvopoulos
The Hellenic Navy Band, the City of Athens Philharmonic, and the ERT Choir accompanied Savvopoulos to his final resting place, filling the streets with the sound of his own songs — “Ode to Georgios Karaiskakis,” “Synnefoula,” “Don’t Talk About Love Any More,” and “Let the Dances Last.”
Greece Rises Among Europe’s Leading Pasta Producers
In terms of trade, the EU exported 2.9 million tonnes of pasta and imported 1.7 million.
Greece Plans Wave of Property Auctions as Tax Debt Collection Intensifies
At the top of the auction list is a major property in Nea Ionia, Attica, situated at the junction of 1 Kymis and Byzantium Streets.
With the Economy Under Strain, Greece’s Political Scene Awaits Tsipras’s Next Move
Former prime minister Alexis Tsipras is reportedly preparing to launch a new political movement, which could reshape the balance of power.
Aging, Falling Birth Rates, and Labor Shortages: Without Migrants, Greece’s Economy Could Collapse
Fewer young people mean fewer workers, lower productivity, and mounting strain on pension systems as the number of retirees grows and the base of contributors shrinks.
Poverty Shrinks at a Drip as Greeks Grow More Pessimistic - What Eurostat’s Data Reveal
The European figure has shown clear improvement since 2023, when it stood at 19.1%, but Greece’s recovery remains largely stagnant.
Mytilineos Calls for an Honest Debate on the Real Demands of the Energy Transition
“Politicians have failed to be upfront about the enormous investments needed in energy infrastructure,” Mytilineos said.
Greek Poll Shows Voter Fatigue: Ruling Party Slips as 63% Want Political Change
Nearly 70% of Greeks believe the nation is heading the wrong way, and almost half (46%) say their personal financial situation has worsened over the past year. Inflation remains the top concern for 44%, followed by the broader economy (34%) and the perceived “crisis of institutions” (22%).
Greek Predator Spyware Trial Opens Amid Expanding Intellexa Scandal Across Europe
The Athens trial targets four business figures accused of violating communications privacy laws: Giannis Lavranos, reportedly the real owner of the tech contractor Krikel, and Felix Bitzios, Tal Dilian, and Sara Hamou, linked to Intellexa — the company that developed and managed Predator.
Hellenic Court of Audit Reveals Legal Irregularities in Public Contracts and Delayed Fiscal Reform
The most recent deadline, set for January 1, 2025, has passed without completion of the reform.
Greece’s Market Regulator Eases Rules Ahead of Euronext’s Bid for Athens Exchange
Under the revised framework, the HCMC will be able to tailor the depth of its assessment and the level of documentation required according to the size and nature of the investor and the transaction.
Greece’s Property Market at a Turning Point
Affordable housing has become one of the most pressing challenges in Greece and across Europe, with supply lagging far behind demand.