News In English
Greek Economy Faces Structural Hurdles in Closing EU Investment Gap
Greece continues to fall short of the European Union average in fixed investment, despite showing signs of recovery following the pandemic.
Athens’ Water Supply Under Strain as Drought Pushes Reservoirs to Historic Lows
The continuous decline in available water in both Mornos and Evinos highlights the growing pressure on the capital’s supply system.
Greece's OPEKEPE Scandal Triggers Political Firestorm Over Illegal EU Subsidies
Despite a 3,000-page dossier compiled by European investigators, the Greek government has so far resisted initiating a full judicial probe, sparking outrage among opposition parties and legal experts.
Greece Unveils Ambitious Roadmap to Cut Energy Use in Buildings by 2030
Compared to EU averages, Greece lags in energy efficiency, underscoring the urgent need for large-scale upgrades.
Greek Customs Uncover Smuggling Haul: Cash, Counterfeits, and... Baklava
One of the more striking discoveries involved attempts to smuggle baklava and precious goods into the country.
Greece Mandates New Reporting Rules for Investment Funds Starting December 2025
The data collection will cover key financial indicators such as asset holdings, investment and lending activity, liabilities, returns on investments, and payments made to fund managers and shareholders.
ALTER EGO MEDIA Acquires Newsit and Tlife in €28.5 Million Deal, Expanding Its Digital Media Footprint
ALTER EGO MEDIA has completed a landmark acquisition that significantly expands its digital media footprint, securing control over prominent news and entertainment platforms through a multi-million-euro deal that underscores its strategic growth ambitions.
Second Dossier on Greek Agricultural Subsidy Scandal to Implicate Dozens of MPs
The government’s decision to opt for a general inquiry—rather than a pre-investigative committee with the power to examine criminal liability—is being met with fierce resistance.
Piraeus Bank’s ATM Spin-Off Leaves Customers Paying the Price
Piraeus sold 850 of its ATMs to a newly formed company called Cashflex—a move that is now reshaping the banking experience for everyday users.
New Study Reveals Structural Wage Imbalance in Greece and Eurozone
Between 2018 and 2023, the average wage in Greece increased by just 7%, a figure far below the Eurozone average of 19%.
OPEKEPE Scandal: Greece’s Government Faces Backlash Over Inquiry Tactics
OPEKEPE, the agency responsible for managing EU agricultural funds in Greece, is at the center of a high-profile corruption probe initiated by the European Public Prosecutor’s Office.
After Years of Delay, Bank of Greece Introduces New Governance Rules for Banks
With the introduction of Decision 243/2 on July 7, 2025, the Bank of Greece appears to be trying to reclaim its role as a serious supervisory authority.
Mitsotakis Government Under Fire as Libya Challenges Greece’s Maritime Boundaries South of Crete with Official Note to UN
Libya has formally contested Greece’s maritime boundaries south and west of Crete by submitting a diplomatic note to the United Nations, challenging Athens’ Exclusive Economic Zone claims and escalating tensions over Eastern Mediterranean energy exploration rights.
Shock Legal Reform in Greece Paves Way for Rapid Evictions and Property Seizures
Greece is poised to radically reform its foreclosure and property auction laws with a new bill that accelerates evictions and weakens homeowner protections, raising serious concerns about widespread displacement and social fallout among vulnerable populations.
24 Hours Left: Greece’s Tax Filing Period Nears Its End
Greece approaches the final 24 hours before the July 15 deadline for 2025 income tax filings, amid calls from accountants for a short extension due to technical issues, while the Ministry of Finance stands firm on enforcing the submission cutoff.
Larissa Thermoelectric Appoints New Board, Relocates Headquarters, and Tightens Shareholding Rules
Greek energy company Larissa Thermoelectric has completed a sweeping overhaul—relocating its headquarters to Athens, reshaping its board under the leadership of DEPA Commercial’s CEO, and tightening shareholder control rules—as it positions its high-efficiency gas plant as a key stabilizer in Europe’s increasingly renewables-driven energy grid.
The Hidden Price of Greek Healthcare: Why Patients Are Paying Twice
In recent years, Greece has substantially increased its public healthcare spending, with government outlays now reaching approximately €12 billion annually—close to 6% of GDP and in line with the European average.
Housing Crunch Deepens in Greece as Supply Shrinks and Prices Soar
Greece’s housing market is facing mounting pressures, as the availability of homes—both for sale and for rent—continues to decline across major urban centers.
Mitsotakis’ Sixth Year in Power Marred by Scandals, Corruption Claims, and Growing Public Discontent
Mitsotakis came to power promising to modernize Greece, bring transparency to governance, and dismantle the deeply rooted clientelist networks that had long defined the country’s political landscape.
Evangelos Mytilineos Warns: Europe’s Green Policies Are Handing the Metals Industry to Coal-Driven Rivals
Mytilineos’s comments come in response to a recent Bloomberg repor,which outlines the rapid transformation of Indonesia into a dominant force in global metals production.
Failed Bomb Plot at Greek Journalist’s Home Prompts National Outcry and Probe
Greek police are investigating a failed bomb attack outside the home of prominent journalist Giannis Pretenteris, in a case that has reignited fears over press freedom and political violence in the country.
New Bill Requires Audits for State-Funded Sports Bodies in Greece
Greece is moving to tighten financial oversight of publicly funded sports bodies, requiring mandatory annual audits for organizations receiving more than €100,000 in state support.
How the Greek State Will Manage Seized Assets Linked to Criminal Activity
Greece is moving to close a legal vacuum in its criminal justice system with new rules for managing seized assets linked to suspected criminal activity.
Greece Clarifies Debt Relief Rules for Over-Indebted Citizens
Greece’s tax authority has clarified the long-standing process for forgiving debts owed by over-indebted individuals, making clear that debt cancellation is not automatic—even after a court ruling.
GEK TERNA and Motor Oil Finalize Major Energy Sector Merger in Greece
Greece’s energy landscape is being reshaped as GEK TERNA and Motor Oil finalize the merger of HERON and nrg, creating the country’s second-largest power provider for residential and business consumers.
Greekonomics: Inequality, Low Productivity, and a Housing Crisis — Why Greece Has Fallen Behind Europe
Greece, often hailed for its resilience after a decade-long financial crisis, remains far from converging with its European partners.
Greece Rises in Popularity Among European Tourists, Spending Expected to Increase
Greece is gaining ground as a top destination for European tourists in 2025, climbing the popularity ranks especially among German and French travelers, according to new data from the Institute of the Greek Tourism Confederation (INSETE).
European Parliament Backs Ambitious UN Sustainability Goals Ahead of Global Forum
Greek MEP Nikolas Farantouris secured broad cross-party backing in the European Parliament on Wednesday for a sweeping report on the UN’s Sustainable Development Goals, positioning the EU as a global leader in the drive toward a more just and sustainable future.
Mitsotakis and Tsipras Clash as Ghosts of 2015 Haunt Greek Politics
Prime Minister Kyriakos Mitsotakis and former Prime Minister Alexis Tsipras reignited their long-standing rivalry on Wednesday, trading sharp accusations in Parliament on the anniversary of Greece’s 2015 referendum, a defining moment in the country’s recent political history.
Greek Authorities Consider Ending Daily Refinery Fuel Price Disclosures
Greece may soon stop publishing daily refinery fuel prices online, a move prompted by the country’s competition authority, which warns that the current system enables tacit price coordination between the nation's two dominant refiners.
Guilfoyle Sets Ambitious Goals for U.S. - Greece Strategic Partnership
Greece is set to become a cornerstone of U.S. defense and energy strategy in Europe, according to Kimberly Guilfoyle, the incoming U.S. Ambassador to Athens.