News In English
Greece Unveils €796 Million Aid Package as Energy Crisis Bites, but Impact Seen as Limited
The plan, presented this week, earmarks €796 million for 2026 and carries a permanent fiscal burden of €279 million annually from 2027 onward.
Turkey Challenges Greek Fishing Maps, Calling Aegean Boundaries “Imaginary”
Turkey further asserts that any fishing restrictions imposed by Greece beyond its territorial waters of six nautical miles are invalid, especially in zones Ankara.
Greece Prepares New Support Package to Shield Households from Middle East Fallout
The measures have been prepared by the government’s economic team, drawing on additional fiscal space created by a stronger-than-expected budget performance.
Piraeus Bank Aims to Double Dividends as Profit Growth Accelerates
The plan hinges on steady underlying growth, with earnings per share projected to rise by roughly 10% annually.
London Court Weighs Greece’s Early Buyback of GDP-Linked Securities
The case, heard before Justice Bright, centers on GDP-linked warrants issued by Greece in 2012 as part of its sweeping debt restructuring.
Legal Fight Over Cyprus Casino Megaresort Set to Stretch Into 2027
At the center of the case is the sprawling City of Dreams Mediterranean, a casino resort in the coastal city of Limassol that opened in July 2023.
Onassis’s Christina O Returns to Market With €52 Million Price Tag
Seen from above today, often captured in the sweeping clarity of drone footage, the Christina O still cuts an imposing figure.
Kövesi’s Athens Visit Tests Greece’s Stance on EU Rule of Law
At the center of the controversy is Popi Papandreou, one of the EPPO’s delegated prosecutors in Athens.
Athens Exchange Rebranding Scrapped as Euronext Takes Control
The identity of ATHEXGROUP, introduced after a late-2024 overhaul by the Athens Exchange Group, lasted just 16 months and 10 days.
Macron Heads to Greece With Defense Deal and Submarine Proposal on Agenda
While any final contract is unlikely before 2028, officials on both sides see Macron’s visit as decisive in setting the direction of the deal. The current timeline envisages the first submarine entering service in the mid-2030s, with subsequent vessels potentially built entirely in Greek shipyards.
Mounting Scandals Test Greek Prime Minister’s Grip on Power
For now, the government’s approach appears to be one of delay: maintaining unity within its ranks while awaiting further developments from the European Public Prosecutor’s Office, which is examining aspects of the subsidy case.
Greece Weighs Up to €400 Million in New Support Measures as Surplus Beats Expectations
The outcome of those discussions will determine how much of the surplus can be redirected toward household support.
Legal Overhang Clouds Aeon SPAC’s Push for Nasdaq Listing
Aeon sought to block the arbitration in New York state court, while Mr. Mallios and a related entity agreed to indemnify the company against potential liabilities. The parties reached a tentative settlement in late March that could clear the path for the IPO—but only if the offering is completed by May 25.
Greece Weighs Up to €400 Million in Aid as Budget Surplus Surges
The Greek government is entering the final stage of deliberations over a new package of financial support measures that could amount to as much as €400 million, funded by a stronger-than-expected fiscal surplus for 2025.
Greece Tightens Scrutiny on Short-Term Rentals, Issues Heavy Fines
Greece’s tax authorities have uncovered widespread violations in the country’s booming short-term rental market, flagging more than 38,000 taxpayers for undeclared income and irregularities tied to property transactions, according to officials.
Turkey Emerges as a Tourism Powerhouse for Greece with Record 2025 Visitor Surge
Turkey has rapidly evolved into one of the most important tourism markets for Greece, with visitor flows reaching unprecedented levels in 2025.
Tax Gaps Persist as Greece Targets Higher Compliance by 2029
Greece’s tax administration faces a significant distance to cover by 2029 if it is to meet its ambitious targets for improving tax compliance, with the latest data revealing a picture of both progress and persistent gaps.
Greece’s Housing Boom Continues, Pushing Prices Higher Across Major Cities
Compared with the first quarter of 2025, the average asking sale price for residential properties in Greece increased by 7.9%, while the average asking rental price rose by 4.2% nationwide.
Predator Scandal Haunts Mitsotakis as Greek Parliament Reignites Wiretapping Row
Under pressure over new allegations tied to the Predator spyware affair, Mitsotakis declined to offer substantive answers on the latest developments.
Greece Most Dependent in the EU on Gulf Energy Imports
Between 2023 and 2025, Greece imported an average of €19 billion, equivalent to about $20.5 billion.
Greece Emerges as Europe’s New Hotspot for Branded Luxury Residences
Greece now ranks among Europe’s five fastest-growing markets for branded residences homes attached to luxury hospitality or lifestyle brands.
Greek Growth Seen Slowing if Energy Crisis Deepens, Think Tank Warns
The Foundation for Economic and Industrial Research said Greece’s gross domestic product would expand by 1.4% in 2026.
Greece Bets on High-Risk Offshore Gas Hunt in Ionian Sea
The target, known as Asopos 1, lies in Block 2 off northwestern Greece and is estimated to contain up to 270 billion cubic meters of natural gas.
Fairfax’s Prem Watsa Hails Greece Bets as Firm’s Best-Ever Investments
Fairfax posted record net earnings of $4.8 billion in 2025, capping what Watsa described as a transformative period for the insurer and investment group.
Greece Emerges as Europe’s New Hotspot for Branded Luxury Residences
Greece now ranks among Europe’s five fastest-growing markets for branded residences—homes attached to luxury hospitality or lifestyle brands.
Greece Eyes New Aid Measures if Hormuz Crisis Deepens, Minister Says
Speaking from the headquarters of the International Monetary Fund in Washington, Pierrakakis downplayed the IMF’s revised forecast for Greek economic growth.
Pierrakakis Warns Energy Crisis Duration Will Shape Europe’s Economic Outlook
Pierrakakis said the European economic outlook is deteriorating, with growth forecasts being revised downward and inflation expectations moving higher.
Scandals Are Engulfing Greece’s Government as Pressure Mounts on Prime Minister Mitsotakis
At the center of the turmoil is a mounting sense that Mitsotakis has become politically captive to events.
Greek Government Backs Deputy Minister Amid Degree Row
Lazaridis has denied wrongdoing and insisted he was lawfully appointed under the looser rules governing political hires at the time.
Greece Unveils Sweeping Cannabis Market Overhaul During Easter Holiday Weekend
Critics say the timing of the announcement suggests an attempt to avoid public debate over reforms with major implications.
Ankara Criticizes Greece and Cyprus Over Israel Alignment
The Turkish foreign minister’s comments come amid mounting geopolitical friction across the region, including concerns over maritime security and energy routes.