News In English
Greece Faces Hard Truths on Its External Imbalances - Recovery Plan No Silver Bullet, Says IMF
Despite substantial EU-backed investment under Greece’s National Recovery and Resilience Plan, deep external imbalances continue to challenge the country’s economic stability, warns a new IMF report.
Greek Households Spend Nearly €800 Million Annually on Foreign Language Education
Greek families are pouring an estimated €777 million a year into foreign language education - yet the country’s public schools offer the fewest language instruction hours in the EU, forcing households to shoulder the burden of a system that appears both present on paper and absent in practice.
Cyprus Publishes Detailed AML Report for 2024 - Greece Hasn’t Released One in Six Years
Greece’s Anti-Money Laundering Authority has failed to publish a single annual report for the past six years - despite a legal obligation to do so - raising serious concerns about transparency and the country’s commitment to combating financial crime, especially as neighboring Cyprus sets a markedly different example.
Alexis Tsipras: Greece Needs a Democratic Renewal to Resist Far-Right and Elite Power
In a stark warning from the heart of Athens, former Prime Minister Alexis Tsipras declared that Greek democracy is at a breaking point - besieged by far-right populism and an entrenched oligarchic elite - urging progressives to unite under a “new patriotism” grounded not in nationalism, but in justice and resistance to kleptocracy.
Electoral Court Removes Far-Right Lawmakers, Leaves Greek Parliament Short of Full Quorum
For the first time since the restoration of democracy in Greece, the national Parliament will function with only 297 members instead of 300, following a landmark court ruling that exposed a legal void - and barred three far-right MPs from office without replacing them.
Alter Ego Media Joins FTSE Russell Indices
The company’s inclusion in these indices marks a strong signal of growing investor interest, coming just months after its listing on the Athens Stock Exchange.
Sanders Slams Netanyahu and Trump, Calls for Global Left-Wing Alliance at Athens Summit
Sanders strongly condemned the actions of the Israeli government in Gaza, calling Prime Minister Benjamin Netanyahu a war criminal and denouncing the humanitarian catastrophe unfolding in the region.
Democracy and Social Justice in Focus at Alexis Tsipras Institute’s 2nd International Conference
Leading voices from politics, academia, and activism across the United States and Europe have convened in Athens today for the 2nd International Conference on Democracy and Social Justice, hosted by the Alexis Tsipras Institute.
Tempi Disaster: Greek Parliament to Debate Competing Proposals for Criminal Investigation
Greece is entering a critical political juncture as its Parliament prepares to debate competing proposals for a formal investigation into the Tempi train disaster, a national tragedy that shocked the country and claimed dozens of lives.
Hellas Direct Parent Issues €20M Tier 2 Bond to Fuel Expansion
HD Insurance PLC, the parent company of Greek insurer Hellas Direct, has successfully completed the issuance of a €20 million Tier 2 subordinated bond.
Greek Authorities Crack Down on Suspected Money Laundering Among Tax Debtors
Greek tax authorities have launched an extensive campaign targeting individuals and businesses suspected of using unpaid tax debts to conceal illegal financial activity.
Prime Athens Site Opens for 50-Year Lease and Redevelopment
In the heart of downtown Athens, a little-known plot of land is poised for transformation.
Greece’s Golden Visa Program Shows First Signs of Slowing Down
Between 2023 and 2024, foreign buyers acquired nearly 17,900 properties under the Golden Visa scheme—more than the total number purchased during the previous ten years of the program’s operation.
Greece’s GDP Is Recovering, But Investment Still Lags – and It’s Holding Back Real Growth
For the first time since the financial crisis erupted in 2009, the country’s gross domestic product is expected to exceed €240 billion in 2025, returning to its pre-crisis nominal size.
Greece Mandates Disaster Insurance for Large Businesses Amid Climate Risks
The law applies broadly to businesses across all sectors, provided they meet the revenue threshold.
One in Five Greeks Fails to Pay Taxes on Time, Despite Overall Compliance Holding Steady
Between January and April 2025, timely tax payments in Greece reached €10.99 billion.
OPEKEPE Scandal Investigation Reaches Pivotal Stage
A key figure in the investigation is Neuropublic, a private IT company that has served as OPEKEPE’s sole technical provider since 2010.
Greek Tourism Sees Rise in Visitors but Faces Revenue Challenges
At the same time, Greece faces intensified competition from nearby destinations such as Turkey and Egypt
Greece faces rising tax arrears, collections lag behind
Since the beginning of the year, taxpayers in Greece have accumulated an additional €3.19 billion in unpaid taxes.
Greece Launches Secure System for Monitoring Illicit Financial Activity
Greece has unveiled a new digital platform designed to strengthen its fight against money laundering and terrorism financing. Developed by the Ministries of National Economy and Finance and Digital Governance, the platform will securely collect and analyze statistical data on financial crimes, enabling coordinated action among national authorities while protecting sensitive information.
Is Greece About to Repeat Its Energy Mistakes? The Risk Behind Rushed Storage Subsidies
The government faces a pivotal choice: invest wisely in tomorrow’s technologies or lock in yesterday’s solutions at great public expense.
Convicted Ex-Folli Follie Boss Stirs Controversy with Business Comeback
Less than two months after his release from prison, George Koutsolioutsos, the former CEO at the heart of the Folli Follie financial scandal, has stirred controversy by founding a new company with a provocative name—raising questions about his return to the business world while his appeal is still pending.
LEGO Establishes Direct Presence in Greece with New Subsidiary
LEGO, the renowned Danish multinational toy company, is expanding its operations in Greece with the launch of a new subsidiary, LEGO Hellas Single-Member S.A.
Christian Hadjiminas Raises €172.6 Million from Theon Share Sales in Just 84 Days
The first sale took place on March 12, 2025, when Hadjiminas raised €56.6 million by selling 3.2 million shares of Theon at €17.70 each.
GEK TERNA and GMR Group Deepen Strategic Partnership with New Venture in Crete
The strategic alliance between Indian infrastructure giant GMR Group and Greece’s GEK TERNA has entered a new phase with the establishment of GMR Airports Greece Single Member S.A..
Urban Gambling on the Rise as Greece Eyes New Casino Hubs
In recent years, Greece has experienced a sharp rise in gambling activity, both online and in physical venues.
Greek Government Mediates Basketball League Restart Amid Fierce Rivalry
Greece’s top basketball league will resume after a brief suspension, following government-led mediation between archrivals Panathinaikos and Olympiacos.
Greece’s Reform Plan Sets Positive Course, Says European Commission
Favorable assessment of Greece’s updated Medium-Term Fiscal and Structural Plan for 2025–2028.
Euroxx Initiates Coverage on Alter Ego Media with Strong Growth Outlook
Alter Ego Media, a prominent player in Greece’s media landscape, operates through the widely recognized MEGA television brand and maintains a strong presence in publishing.
UAE Tycoon Expands into Greece with New Data Center Company
Arab billionaire Hussain Sajwani, founder of the Damac Group, has launched a new company in Greece called Velora Data Centre S.A..
Judiciary Signals Preferences for Supreme Court Leadership in Landmark Vote
In a landmark vote held for the first time under a new provision, senior judges and prosecutors of Greece’s Supreme Court (Areios Pagos) have selected their preferred candidates for the institution’s top posts.