News In English
Greece Moves to Cap ATM Fees Amid Public Backlash
The Greek government has moved swiftly to defuse public anger over newly imposed ATM fees by Cashflex, a network of 850 machines that remained under the ownership of Piraeus Bank until May.
Fraport Greece Launches Next Phase of Major Runway Upgrades at Eight Regional Airports
Greece has entered a pivotal phase in its efforts to modernize regional transport infrastructure, as Fraport Greece advances with the fourth stage of a major runway reconstruction and upgrade project at eight of the country’s busiest island airports.
Official Records from 2015 Leaders’ Meeting Shatter Euro Exit Claims
Newly released transcripts from a critical 2015 political summit reveal that then-Prime Minister Alexis Tsipras never planned for Greece to exit the eurozone, challenging years of speculation and misinformation about the country’s financial crisis and the so-called “Grexit.”
Wave of 30,000 Residential Properties Coming to Greek Market by 2027
Over the next two years, Greece is poised to see a surge in residential property listings, with an estimated 30,000 homes set to enter the market by 2027.
Greece Eyes €2 Billion Tax Relief, But Will It Reach the Most Vulnerable?
As the Greek government prepares to unveil a sweeping tax relief package at the Thessaloniki International Fair, a crucial debate is emerging: will these measures genuinely narrow the country's persistent income gap—or end up reinforcing it? With inequality indicators stubbornly stagnant, the focus on middle-income earners is raising both hopes and concerns.
Historic Hotel to Reopen After 18 Years, Backed by Major Investors
A landmark investment project is taking shape on the Greek island of Lemnos, where a powerful group of shipping and business leaders is backing the revival of the long-abandoned Akti Myrina Hotel, aiming to transform it into a new hub of high-end tourism.
Telis Mistakidis Cashed Out of Glencore at Peak Valuation
Greek billionaire Telis Mistakidis quietly sold his entire stake in Glencore for an estimated €2.38 billion—just before the company’s stock plunged by nearly 40%.
Heat Is the New Health Crisis: How Rising Temperatures Threaten Lives in Greece
In large urban centers such as Athens, where one or two heatwaves per year were the norm between 1971 and 2000, projections indicate that by 2050, residents could experience over ten each year.
Mixed Messages from U.S. Envoys to Greece and Turkey Underscore Foreign Policy Rift
Washington's approach to the Eastern Mediterranean—especially under a Trump-led foreign policy—may once again be driven as much by personalities as by principles...
Where Would Inflation Stand if Owner - Occupied Housing Were Included?
The proposal to include owner-occupied housing in the official inflation index of the eurozone has emerged as a major issue.
Home Bias and the Athens Stock Exchange: Will Euronext Bridge the Gap?
The CMU aims to ensure that investments and capital can move as freely across EU member states as goods and services do within the single market.
Why Electricity in Greece Is More Expensive Than the EU Average
A major factor is Greece’s limited energy interconnection with the rest of Europe...
Former Watchdog Alleges Character Assassination Amid Surveillance Investigation
In a candid and revealing interview on the podcast “Encounters at Syntagma”, hosted by the Centre for European Constitutional Law – Tsatsos Foundation, Christos Rammos, the recently departed head of Greece’s Authority for Communication Security and Privacy (ADAE), offered a rare insider’s account of the deep institutional and democratic challenges facing the country.
Greece Faces Intense Heatwave with Temperatures Expected to Exceed 43°C
Greece is preparing for what could be the most intense heatwave of the year, with meteorologists warning of extreme and persistent high temperatures beginning Monday. Following an already hot start to July, the upcoming days are expected to bring even more severe conditions, with temperatures forecast to rise above 43°C and potentially reach 44°C.
OTE Real Estate Portfolio Hits €1.23 Billion, Driven by Office and Mixed-Use Property Gains
OTE, Greece’s leading telecommunications group, recently received a comprehensive valuation report for its real estate portfolio from the Appraisal and Advisory Services Division of the National Bank of Greece.
Six in Ten Renters in Athens and Thessaloniki Struggle With Soaring Housing Costs
A new report from the Bank of Greece reveals that a growing number of Greek households, especially renters in major cities, are buckling under the weight of housing costs.
Greek Economy Faces Structural Hurdles in Closing EU Investment Gap
Greece continues to fall short of the European Union average in fixed investment, despite showing signs of recovery following the pandemic.
Athens’ Water Supply Under Strain as Drought Pushes Reservoirs to Historic Lows
The continuous decline in available water in both Mornos and Evinos highlights the growing pressure on the capital’s supply system.
Greece's OPEKEPE Scandal Triggers Political Firestorm Over Illegal EU Subsidies
Despite a 3,000-page dossier compiled by European investigators, the Greek government has so far resisted initiating a full judicial probe, sparking outrage among opposition parties and legal experts.
Greece Unveils Ambitious Roadmap to Cut Energy Use in Buildings by 2030
Compared to EU averages, Greece lags in energy efficiency, underscoring the urgent need for large-scale upgrades.
Greek Customs Uncover Smuggling Haul: Cash, Counterfeits, and... Baklava
One of the more striking discoveries involved attempts to smuggle baklava and precious goods into the country.
Greece Mandates New Reporting Rules for Investment Funds Starting December 2025
The data collection will cover key financial indicators such as asset holdings, investment and lending activity, liabilities, returns on investments, and payments made to fund managers and shareholders.
ALTER EGO MEDIA Acquires Newsit and Tlife in €28.5 Million Deal, Expanding Its Digital Media Footprint
ALTER EGO MEDIA has completed a landmark acquisition that significantly expands its digital media footprint, securing control over prominent news and entertainment platforms through a multi-million-euro deal that underscores its strategic growth ambitions.
Second Dossier on Greek Agricultural Subsidy Scandal to Implicate Dozens of MPs
The government’s decision to opt for a general inquiry—rather than a pre-investigative committee with the power to examine criminal liability—is being met with fierce resistance.
Piraeus Bank’s ATM Spin-Off Leaves Customers Paying the Price
Piraeus sold 850 of its ATMs to a newly formed company called Cashflex—a move that is now reshaping the banking experience for everyday users.
New Study Reveals Structural Wage Imbalance in Greece and Eurozone
Between 2018 and 2023, the average wage in Greece increased by just 7%, a figure far below the Eurozone average of 19%.
OPEKEPE Scandal: Greece’s Government Faces Backlash Over Inquiry Tactics
OPEKEPE, the agency responsible for managing EU agricultural funds in Greece, is at the center of a high-profile corruption probe initiated by the European Public Prosecutor’s Office.
After Years of Delay, Bank of Greece Introduces New Governance Rules for Banks
With the introduction of Decision 243/2 on July 7, 2025, the Bank of Greece appears to be trying to reclaim its role as a serious supervisory authority.
Mitsotakis Government Under Fire as Libya Challenges Greece’s Maritime Boundaries South of Crete with Official Note to UN
Libya has formally contested Greece’s maritime boundaries south and west of Crete by submitting a diplomatic note to the United Nations, challenging Athens’ Exclusive Economic Zone claims and escalating tensions over Eastern Mediterranean energy exploration rights.
Shock Legal Reform in Greece Paves Way for Rapid Evictions and Property Seizures
Greece is poised to radically reform its foreclosure and property auction laws with a new bill that accelerates evictions and weakens homeowner protections, raising serious concerns about widespread displacement and social fallout among vulnerable populations.
24 Hours Left: Greece’s Tax Filing Period Nears Its End
Greece approaches the final 24 hours before the July 15 deadline for 2025 income tax filings, amid calls from accountants for a short extension due to technical issues, while the Ministry of Finance stands firm on enforcing the submission cutoff.