News In English
Greece’s Largest Union Opposes New Labor Bill on Working Hours
Greece’s largest labor union is demanding the withdrawal of key provisions in a new government bill on employment, warning that the measures would worsen working conditions and undermine collective bargaining rights.
Rising Guarantees Under Greece’s Hercules Program Spark Fears Over Fiscal Risk
Figures from the Public Debt Management Agencyshow that the government’s outstanding guarantees under Hercules rose to €17.95 billion at the end of June 2025, up from €17.33 billion six months earlier.
Inflation «feeds» public coffers - Greece’s VAT revenues climb to 11% of GDP, compared with 7.5% in the EU
Inflation has quietly swelled public revenues, particularly through indirect taxation such as value-added tax.
Luxury Goods Market in Greece Slows in 2025, but Investments Press Ahead
Despite softer demand, brands continue to bet on Greece with new investments and store openings.
Greek Families Struggle Under Tax Burden as Promises Go Unfulfilled
Figures from the OECD show that Greece remains among the most heavily taxed countries when it comes to families.
Greece’s First Non-State Universities Face Narrow Start
The outcome underscores the gap between the government’s ambitious rhetoric and the realities of implementation.
The Summer of the Few: What Greece’s Tourism Boom Leaves Behind
For many Greeks, the cost of enjoying their own country has become prohibitive.
Greece Faces a Shortage of Two Million Workers by 2035
Analysts believe that only a mix of policies can turn the looming shortage into an opportunity.
Greek NGOs Urge Prime Minister to Defend Civil Society Against Political Attacks
In their letter, the NGOs reminded the prime minister of his own earlier remarks recognizing the importance of civil society.
Flights Affected by Short - Lived Radar Problem in Athens
The incident highlighted longstanding deficiencies in Greece’s air navigation infrastructure.
New Power Rules Aim to Ease Grid Strain in Greece
The decision is based on data collected by Greece’s grid operator ADMIE for 2023 and 2024, which shows that consumer habits have shifted significantly.
Billionaire Fintech Founder Tom Greenwood in Critical Condition After Serious Accident in Mykonos
He was initially rushed to the local health center in Mykonos, where his condition worsened and he suffered a heart attack while doctors tried to stabilize him.
U.S. Sanctions Greek Shipowner Over Role in Iranian Oil Exports
Scott Bessent said the sanctions «degrade Iran’s ability to fund terrorism and threaten our forces».
Greece Tightens Oversight of Crypto Exchanges and Wallet Providers
Stricter licensing framework for cryptocurrency service providers.
Greece Tightens Rules for Schengen Business Visas
The new rules for Schengen Business Visas set out clear financial thresholds.
Greece to Digitize Tax Authority Archives by Mid-2026
The digital overhaul is set to reshape the way Greece’s tax administration functions.
State Department Report Slams Greece Over Press Freedom Concerns
The U.S. State Department’s annual Human Rights Report for 2024 delivers sharp criticism of the Greek government, highlighting what it describes as serious and systemic shortcomings in press freedom and freedom of expression.
Greek Tax Authority Introduces Rapid-Response Mechanism for Tax Evasion Reports
The reform concerns intelligence reports that often stem from tips or whistleblower complaints and may reveal instances of tax evasion or customs violations.
Theon International Hit Hard as Defense Sector Falls on Shifting U.S.
The losses are particularly painful for those who participated in Theon’s June 4 share placement at €31.10.
Greece Streamlines Vehicle Import Procedures for Dealers and Private Buyers
Under the new rules, published in the Government Gazette, the system becomes stricter but also more straightforward.
Tax Windfall from Soaring Prices Leaves Greek Households Struggling
Τhe surge in revenues has little to do with a more dynamic economy and everything to do with inflationary pressure, which has inflated tax intake through higher prices.
Six Questions and Answers on the Electoral Law: Inside Mitsotakis’ Mind
It is difficult to imagine Mitsotakis wanting his name linked to shady electoral engineering reminiscent of Greece’s darker political past.
Greece’s Selective Tolerance for Corruption Is a Warning for Democracy
While Greeks condemn corruption, many are prepared to tolerate it if it delivers competence or personal advantage.
EU Prosecutors Probe Recycling Centers Case and the Role of TEHAN
Plans called for 130 units in the Athens region, 58 in the Peloponnese, and 60 in Crete, filling gaps not covered by Greece’s existing blue-bin system or other recycling schemes. But doubts quickly emerged about whether the centers were achieving their stated purpose.
Greek Debt Seen as Secure Despite Political Uncertainty
Today, the bulk of Greek debt is held by the official sector, at very low interest rates and with unusually long maturities.
The Prime Minister Must Stop the Debate on a New Electoral Law-Now
Any move to change the rules of the political game at this stage amounts to an admission of defeat.
From Brain Drain to Birth Drought: Greece’s Population Plummets
Between 2008 and 2025, Greece will have lost over 720,000 residents -about 8.5% of its total population- with the steepest declines in the 30-to-44 age group and among 25-to-29-year-olds, the latter shrinking by nearly 30%.
Greece Sees World’s Fastest Rise in Mobile Data Use in 2024
Data-only subscriptions — including fixed wireless access — played a significant role in this growth. Though they make up just 10% of Greece’s mobile customer base, they generate nearly three times more traffic than the average subscription, making them a major driver of total usage.
CrediaBank’s Ambitious Play: Exclusive Talks to Buy Majority of HSBC Malta
HSBC Malta is a larger and financially stronger institution, with significantly higher capital adequacy, consistent profitability, and operations governed by a different regulatory framework.
Global Cryptocurrency Monitoring Plan to Combat Money Laundering
The need for new approaches has grown with the rising use of cryptocurrencies in criminal activity.
Tourism on Autopilot: Greece Pays the Price for the Absence of a National Spatial Plan
In some areas, the capacity to accommodate tourists has been exceeded for years, yet new developments continue to appear.