News In English
Greek Economy Slows to 1.7% Growth in Q2 2025
Greece’s economy grew by 1.7% year-on-year in the second quarter of 2025, according to provisional data released today by the Hellenic Statistical Authority (ELSTAT).
Financial Strain Deepens in Greece as Savings Remain Out of Reach
Rising costs of living and stagnant wages are keeping Greek households from building savings, raising questions about the effectiveness of government measures aimed at easing financial pressure.
Greek Regulators Shut Down Payment Service Used for High-Level Money Laundering
Greek regulators have cracked down on a payment service allegedly used by senior government officials to funnel illegal funds through betting accounts, exposing gaps in the country’s anti-money laundering framework.
Greek MEP Sounds Alarm Over Great Sea Interconnector Delays
Delays in the €1.9 billion Great Sea Interconnector, intended to diversify Europe’s energy sources and strengthen supply security, are raising concerns in Brussels as Turkey threatens the project and disputes flare between Greece and Cyprus.
Greece Defines Eligible Mutual Funds for Golden Visa Investments
The Golden Visa program, launched in 2013, grants residence permits to third-country nationals who channel capital into Greece through real estate, business ventures, or financial instruments.
EU-Backed Energy Project Risks Collapse as Cyprus Signals Withdrawal
Within Greece’s own government, doubts are surfacing about whether Athens should continue to champion a project that Nicosia itself appears unwilling to pursue.
September 8: A Crucial Date for France, the Eurozone, and Greece
At more than 5 percent of GDP, France’s budget deficit remains well above the EU threshold.
Euronext’s Bid for the Athens Stock Exchange Faces Tight Regulatory Scrutiny
The regulator has made clear it intends to fully vet Euronext’s profile before granting approval.
Licensed Gambling Firms Used to Launder Millions by Public Officials in Greece
The Anti-Money Laundering Authority identified roughly 200 individuals, including senior public officials such as directors and department heads in ministries and state services, who allegedly took part in the operation.
Soaring Meat Prices Put Greek Families Under Strain as Imports Deepen Market Dependence
The relentless rise in meat prices is putting mounting pressure on household budgets, fueling concern among both consumers and the market.
Piraeus port hit by customs delays amid major reorganization
Businesses in Greece are voicing growing frustration over severe delays in customs clearance procedures at the port of Piraeus, warning that the disruption is straining supply chains and hampering trade.
Greek Bonds Defy Global Sell-Off as Yields Hold Steady
Greek government bonds are standing out as a rare bright spot in turbulent markets, holding steady while global sovereign debt comes under heavy selling pressure.
Intellexa and Predator Spyware Still Active Despite International Sanctions - New Report Reveals
According to the findings, the company behind the notorious Predator spyware remains fully operational in 2025.
Pollution and Noise Take a Heavy Toll on Greek Cities, Eurostat Finds
One in five Greeks say that pollution and noise are suffocating their daily lives, according to new data from Eurostat that highlights deep disparities in quality of life across the European Union.
Greek Draft Law Expands Role of Deposit Guarantee Fund in Bank Resolutions
Under the new framework, if the Bank of Greece later determines that such a gap exists, TEKE will be required to cover it.
H&M’s Profits Surge in Greece and Cyprus, but Tax Issues Cloud Outlook
H&M has submitted its financial statements for the fiscal year December 2023 to November 2024 to Greece’s General Commercial Registry, covering its operations in Greece and Cyprus.
Greece’s New Tax System to Cut Bills in 2026, but Gains May Fade with Inflation
At the 2025 Thessaloniki International Fair, Prime Minister Kyriakos Mitsotakis is expected to present a new tax system set to take effect in 2026.
Israeli and Turkish Surge in Greece’s Golden Visa, While China’s Share Shrinks
Greece’s golden visa program is seeing a dramatic shift in investor interest, with Israelis and Turks emerging as the fastest-growing groups of applicants while China, long the dominant player, begins to lose ground.
Tempi Inquiry Dogged by Clashes Between Greek Board and EU Experts, Deposition Shows
Revelations from the ongoing inquiry into the deadly train crash at Tempi have shed new light on the behind-the-scenes battles that shaped the official investigation.
Social Housing Scheme Using Public Property Set to Roll Out
Greece is moving forward with an ambitious social housing scheme that will see thousands of unused state-owned properties developed into affordable homes.
Tourism Outpaces Infrastructure on Greece’s Most Popular Islands
This summer exposed the fragile underpinnings of Greece’s most popular island destinations, where public infrastructure buckled under the weight of record tourism.
Greece Hasn’t Learned to Live Without High VAT - IMF Report on the Lingering Legacy of the Bailouts
A recent IMF report sheds light on why Greece remains “addicted” to indirect taxation — and why, seven years after the end of the bailout programs, successive governments have resisted lowering VAT rates on essential goods and services.
Greek Small Businesses Struggle as Summer Sales Fail to Deliver
The Athens Traders Association has put forward a series of demands to the government.
Greece’s ferry industry struggles as soaring costs drive passengers away
The impact of inflation is being felt on two fronts.
Greek Research Sector in Turmoil Amid Funding Disputes and Resignations
The paradox is that research money is available.
Tourism 2025: What This Season Revealed and What Lies Ahead in 2026
Beneath headline numbers, however, lie challenges that will shape the industry’s agenda for 2026.
Tourism in Greece Shifts as Travelers Change Habits
These shifts are unsettling for tourism businesses.
Athens Keeps Close Watch on GDP Data Ahead of Thessaloniki Fair
The Greek government is awaiting with particular interest the release of second-quarter GDP figures on September 5, just a day before the Prime Minister is due to address the Thessaloniki International Fair, the country’s most prominent political and economic showcase.
Greece’s Golden Visa Shake-Up Triggers Sharp Drop in Property Investment
Foreign investment in Greek real estate has fallen sharply following recent changes to the country’s Golden Visa program.
Why Buying a Home in Greece Takes Six Months - and in Cyprus Only Days
Deep structural inefficiencies continue to weigh on the Greek property market.
Inflation and Changing Habits Hit Greece’s Dining Industry
Restaurant revenues in Greece have fallen for the second consecutive quarter, underlining growing strains on the country’s food service industry as both tourists and locals cut back on dining out.