News In English

Greece is moving to unblock dozens of stalled renewable energy projects with a new legislative amendment submitted to Parliament.

While Greek government officials continued to celebrate the proposed acquisition of the Hellenic Exchanges (HELEX) by Euronext, the reaction from those with real insight into the stock market painted a more cautious picture.

Despite public denials from government spokesman Pavlos Marinakis, suggestions that the prime minister had early knowledge of the affair are growing.

In his first statement as President, Sarakakis emphasized a vision of unity, innovation, and progress: "Together, by building on our strong legacy, we will lead the Chamber into the future with unity, vision, and a firm commitment to reform," he said.

The country will need to revise its national legislation and overhaul supervisory procedures to meet the new European standards.

Greece’s Tax Authority is investing €2.46 million in advanced cybersecurity systems to protect its digital infrastructure from cyber threats.

Euronext’s all-stock offer to acquire the Athens Stock Exchange, despite a 14.4% premium, has sparked skepticism due to the absence of cash and potential valuation risks.

Preliminary, non-binding proposal to acquire up to 100% of the Athens Stock Exchange.

Greece has introduced a sweeping labor reform bill aiming to modernize employment laws by expanding work hours and digitalizing processes, but the legislation has sparked fierce opposition from trade unions, who warn it risks undermining worker protections and fueling social unrest.

Greece’s Minister for Citizen Protection, Michalis Chrysochoidis, unveiled a sweeping anti-corruption report on Monday, revealing that dozens of public officials were among 80 arrested in a five-month probe into organized crime—part of an intensified effort to root out systemic misconduct threatening the country’s institutions and economy.

Despite repeated pledges to tighten oversight, the Bank of Greece identified only eight anti-money laundering breaches in 2024 and conducted just seven inspections, raising concerns that regulatory enforcement remains superficial in a sector vulnerable to financial crime.

In a show of regional solidarity, Greece will second experienced civil servants to assist Cyprus during its 2026 Presidency of the Council of the European Union, enhancing administrative capacity and diplomatic readiness through a structured, cost-neutral collaboration.

Greek Prime Minister Kyriakos Mitsotakis has ordered a sweeping investigation into widespread abuse of EU agricultural subsidies, mobilizing financial crime units and tax authorities to reclaim millions of euros in unlawfully obtained public funds, as mounting evidence points to systemic oversight failures and organized fraud.

Greek PM Mitsotakis faces mounting pressure after a major agricultural subsidy scandal at OPEKEPE led to multiple resignations. Opposition accuses him of complicity, fueling public outrage and calls for investigations. The crisis threatens government stability and raises speculation about possible early elections.

Clavenia Ltd invested €19.4 million in Larissa Thermoelectric S.A. to build a 792 MW gas plant. The capital increased to €19.51 million. Partners include DEPA Commercial, EUSIF Larissa, and Volton. Greece’s energy supply is stable, raising questions about the project’s necessity.

Former Greek Prime Minister Alexis Tsipras has called for the public release of official transcripts from a closed-door meeting of political leaders held the day after Greece’s 2015 bailout referendum, arguing that the truth about that pivotal moment must be made public in the name of historical accuracy and democratic transparency.

Greece’s tax authority is preparing to name and shame individuals and companies owing over €150,000 in unpaid taxes, in a renewed push to pressure high-value defaulters into compliance. But despite the public exposure tactic, data shows the strategy has done little to recover the billions owed to the state.

The changes also include new deputy ministers across key departments. Haris Theocharis has been named Deputy Foreign Minister following the resignation of Tasos Hatzivasileiou. Giannis Andrianos takes over as Deputy Minister of Rural Development and Food, replacing Dionysis Stamenitis.

In Greece, citizens, academics, trade unionists, local officials, activists, and young people, have united behind the STOP REARM EUROPE initiative, a growing movement calling for peace and an end to militarization.

This breakthrough follows on the heels of EPPO’s investigation into Contract 717, a separate case involving procurement irregularities, for which criminal charges have already been filed against well-known Greek business figures.

Tsipras’s appeal comes at a time of renewed reflection on the events of 2015 - arguably the most volatile chapter in Greece’s post-dictatorship history.

The Greek government has said their replacements will be announced in the coming days.

On Thursday, the stock’s ex-dividend date, Metlen’s share price defied expectations by closing higher, signaling market confidence.

This latest move marks ISP's formal entry into the Greek market and signals its broader regional ambitions.

The European Union’s Carbon Border Adjustment Mechanism (CBAM), introduced as part of its broader green transition strategy, is partially reshaping the landscape of international trade. Its main objective is to curb «carbon leakage» - the phenomenon where industries move production to countries with looser environmental regulations in order to escape stricter EU climate rules. While the overall impact on the EU’s trade flows is expected to be limited, the mechanism could significantly affect specific countries and industries, according to a study by the International Monetary Fund. CBAM is designed to protect EU-based companies that bear the financial burden of the bloc’s ambitious climate policies. It does this by imposing a charge on imported goods with high carbon footprints - such as iron, steel, aluminum, cement, fertilizers, and electricity - based on the amount of embedded carbon emissions and whether the country of origin already prices those emissions. This carbon levy ensures that imported products are not unfairly cheaper simply because they come from places with weaker climate standards. Although CBAM formally took effect in October 2023, it remains in a transitional phase until the end of 2025. During this period, importers must report the carbon emissions of the goods they bring into the EU but are not yet required to pay the levy. Starting in 2026, however, the EU will begin charging importers according to its carbon pricing benchmark and the emissions intensity of their products. The IMF estimates that CBAM will raise the cost of EU imports by around 0.1%, and non-EU countries exporting to the bloc will see their total export costs rise by an average of 0.04%. While this may seem marginal at the macroeconomic level, the financial burden will be more acute for countries with high-carbon exports and no domestic carbon pricing - such as Bosnia and Herzegovina, Serbia, and Ukraine - especially in sectors like steel and electricity. Greece, in relative terms, is less exposed to the mechanism. Only about 4.5% of the country’s total imports are affected by CBAM, and the value of these imports from non-EU countries amounts to just 0.1% of Greece’s GDP. As a result, the immediate macroeconomic and fiscal impact is expected to be modest. However, the picture shifts when focusing on specific sectors. A large portion of Greece’s aluminum (89%) and iron and steel (75%) imports originate outside the EU, making these industries particularly vulnerable. According to the IMF study, CBAM could increase the import cost of primary aluminum by 3.9%, iron and steel by 2.9%, and cement and related products by a striking 19.7%. These added costs could ripple through the economy, especially in construction and heavy industry, where such materials are essential. Greece’s dependence on a small number of carbon-intensive raw materials from high-emission countries may lead to price hikes and pressure on domestic industries. This challenge is compounded by the EU’s plan to phase out free emissions allowances for European businesses by 2035. Without an equivalent mechanism to protect EU exporters from carbon-related costs in global markets, companies in Greece and elsewhere may find themselves at a competitive disadvantage abroad.

The recordings reveal a disturbing web of political interference, cronyism, and systemic manipulation of EU-funded agricultural payments.

Economic pressures - particularly inflation and the rising cost of living - are cited as the top problems facing the country, according to the polls.

As the world reels from the latest 12-day military escalation between Israel and Iran — a conflict that was temporarily halted with U.S. involvement — new revelations are emerging that shed light on a surprising and highly sensitive connection bridging two sworn enemies.

Greece is introducing sweeping tax reforms aimed at attracting expatriates, foreign investors, and former residents back to the country. Among the key changes is a significant reduction in the required period of residence abroad for exemption from Greek taxation on movable assets held outside the country.

Greece is moving to attract global high-net-worth individuals by loosening restrictions and offering new incentives for family offices—companies that manage the wealth and affairs of affluent families.