News In English
Hellenic Defense Systems Signs €24 Million Deal with Slovak MSM Group Amid Questions Over Past Pricing
The agreements involve the filling of 155mm artillery shell casings with TNT at EAS’s facilities in Lavrio, southeast of Athens.
Greek Government Races to Ease Swiss Franc Loan Fix Amid Mounting Political Crisis
The measure, developed by the Ministry of Finance, offers borrowers the option to convert their Swiss franc loans into euros at the prevailing exchange rate
Green Transition Poses New Risks for European (and Greek) Banks, ECB Warns
The ECB study estimates that in scenarios involving a sharp increase in carbon costs, the creditworthiness of companies, with high carbon footprints, could drop by as much as 30%.
Tax Filing Progress in Greece Reaches 86% with Calls for Minor Extension
Of those already processed, nearly 34% have resulted in tax bills, amounting to a total of €3.71 billion in assessed taxes - an average of €1,902 per taxpayer.
Greece Outpaces Spain and France in Hotel Profitability
According to CBRE’s investor survey, there is heightened interest in hotel assets that offer opportunities for repositioning and value creation.
Heat Dome Grips Greece: Extreme Temperatures to Persist Through Midweek
Meteorologists warn of a looming «heat dome» - a weather pattern that traps hot air over an area, causing sustained and extreme temperatures.
George Papandreou: Angela Merkel Told Three -and a Half- Truths About the Greek Crisis
Papandreou begins by acknowledging Merkel’s characteristically cautious tone in recounting the events, yet credits her with recognizing certain truths that had been long obscured.
Greek Pharma Industry Gains Ground in Europe
At the Economist Government Roundtable in Athens, Greece presented a compelling case for its emerging role as a key player in Europe’s pharmaceutical landscape.
Wildfire Rages Near Athens, Destroys Homes and Forces Evacuations
A massive wildfire erupted Thursday afternoon in the coastal town of Rafina, just east of Athens, engulfing homes and threatening lives as it spread rapidly through the area.
Monks Boycott Mitsotakis Visit to Mount Athos Over Orthodox Values
Greek Prime Minister Kyriakos Mitsotakis is set to visit Mount Athos this Friday and Saturday, embarking on an official trip to the monastic republic that holds deep religious and cultural significance in Orthodox Christianity.
Greece’s PPC Launches l Energy Trading Arm
Greece’s Public Power Corporation (PPC) has established a new wholly owned subsidiary, PPC Trading Single Member S.A
Inside Story Investigation: Who’s Keeping Spyware Use in Greece in the Dark—And Why
Nearly three years after Greece passed a law aimed at introducing transparency around the use of spyware by state authorities, critical parts of that legislation remain inactive.
Merkel Reveals What Really Happened Behind the Scenes of the Greek Debt Crisis
In a rare and candid public appearance at the Stavros Niarchos Foundation Cultural Center in Athens on Wednesday, former German Chancellor Angela Merkel offered deep insights into some of the most critical moments of her political career, focusing particularly on the Greek debt crisis, the 2015 Grexit referendum, and her complex relationships with world leaders such as Alexis Tsipras, Vladimir Putin, Recep Tayyip Erdoğan, and Donald Trump.
Scandal at Agriculture Agency Dominates Greek Public Opinion, Poll Shows
A new poll by Pulse, aired Wednesday on Greece’s SKAI television network, reveals that an overwhelming majority of Greek citizens—86%—consider the OPEKEPE case a significant issue.
Despite Job Gains, Greece Struggles with Low Wages and High Unemployment
Greece continues to grapple with one of the highest unemployment rates in the European Union, even as it makes notable progress in reducing joblessness.
Greece Moves to Reconnect Stranded Solar Projects with New Energy Amendment
Greece is moving to unblock dozens of stalled renewable energy projects with a new legislative amendment submitted to Parliament.
The Market Votes No—For Now—on Euronext’s Greek Exchange Deal
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.
Mitsotakis Under Fire Over Possible Knowledge of Agricultural Subsidy Scandal
Despite public denials from government spokesman Pavlos Marinakis, suggestions that the prime minister had early knowledge of the affair are growing.
Giannis Sarakakis Named President of American-Hellenic Chamber of Commerce
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.
Greece Faces Sweeping Changes Under AMLA’s 2025 Anti-Money Laundering Plan
The country will need to revise its national legislation and overhaul supervisory procedures to meet the new European standards.
Greece’s Tax Authority Bolsters Cyber Defenses with €2.46M Investment in New Digital Security Systems
Greece’s Tax Authority is investing €2.46 million in advanced cybersecurity systems to protect its digital infrastructure from cyber threats.
Euronext’s Bid for the Athens Stock Exchange Fails to Impress: No Cash, Rising Doubts
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.
Euronext Eyes Takeover of Athens Stock Exchange
Preliminary, non-binding proposal to acquire up to 100% of the Athens Stock Exchange.
New Labor Bill Introduced in Greece Brings Sweeping Changes to Work Hours, Hiring, and Overtime
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.
Greek Authorities Targeting Deep-Seated Corruption Within Public Institutions
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.
Greece’s Central Bank Reports Limited AML Breaches, Enforcement Fails to Impress
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.
Which Greek Civil Servants Are Eligible for Secondment to Support Cyprus’ 2026 EU Council Presidency
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 Authorities Move to Reclaim Fraudulent Farm Subsidies
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.
Caught on Camera: Mitsotakis Seen Dining with Key Figures in Agricultural Subsidy Scandal
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.
Larissa Gas Plant Project Secures Capital Increase, But Critics Question Need for New Fossil Fuel Investment
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.
Tsipras Reclaims 2015 Legacy, Calls for Exposure of What Was Said Behind Closed Doors
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.