News In English
Thriasio Freight Center Project Hits a Wall: Funding Shortages and Bureaucracy Stall Greece’s Key Logistics Hub
The ambitious project to build, operate, and manage Greece's first major freight and intermodal logistics center at Thriasio Pedio has ground to a halt.
Greece’s Housing Crisis: Government Promises Meet Mounting Pressure
In an article published on Tuesday, Greek Prime Minister Kyriakos Mitsotakis outlined his government’s strategy for addressing the country’s growing housing crisis, framing the issue as both a social emergency and a political priority.
Greek Defense Minister Vows to End Legacy of Scandal in Military Spending
At the opening of the DEFEA 2025 international defense exhibition in Athens on Tuesday, Greek Defense Minister Nikos Dendias delivered a pointed message that reached beyond the confines of ceremonial protocol.
Piraeus Bank Sets Sights on €1.9 Billion in Net Interest Income for 2025
Piraeus Bank has outlined its financial roadmap for 2025, aiming to generate €1.9 billion in net interest income (NII), despite facing headwinds from declining interest rates in the Eurozone.
Who Really Controls the Pace of Bank Shareholding Approvals in Greece?
When an investor wants to acquire or increase a qualifying stake in a Greek bank, their application must first be submitted to the Bank of Greece.
Greek-American Businessman Christos Marafatsos Visits Greece, Meets with V Group Leadership
Because of his close alignment with the Republican Party and his reported connections to Trump-aligned political figures, Marafatsos is widely perceived to have access to influential decision-makers in Washington.
Campus Violence Prompts Greek Government to Threaten University Expulsions
The Prime Minister distinguished between legitimate free expression and violent behavior masquerading as activism.
Greek Polls Reflect Demand for Change, Absence of Leadership
Opinion polls suggest that while dissatisfaction with the government remains widespread, the absence of a compelling alternative in the opposition continues to benefit Prime Minister Kyriakos Mitsotakis and his party.
Greece’s Shadow Economy Persists Despite Optimistic Claims
Of the €23 billion in property sales, only €1.5 billion was financed through mortgage loans. In other words, over 90% of these purchases occurred without bank financing, raising serious questions about the origin of the funds.
Metlen Begins Strategic Overhaul with Major Subsidiary Merger
Greek industrial and energy group Metlen has officially launched a sweeping reorganization of its operations, marking the beginning of a new growth phase driven by structural reforms and consolidation.
Greece Moves to Stabilize Construction Sector After Court Ruling Halts Building Bonuses
Greece’s government is preparing to introduce a critical amendment to Parliament on May 12, in an effort to stabilize its construction sector following a major legal setback.
Greek Statistical Authority Investigates Labour Costs Across Key Sectors
The Hellenic Statistical Authority (ELSTAT) has announced the launch of a major labour cost survey, targeting over 7,000 businesses across Greec
Greeks Lead Europe in Weekend Work, Eurostat Data Shows
Greece tops the European Union in weekend work, with recent Eurostat data revealing that nearly one in three workers in the country (32.3%) works seven days a week.
Piraeus Port to Get First Major Revamp Since Cosco Takeove
Greece is moving forward with an ambitious plan to modernize the passenger facilities at the Port of Piraeus, the country’s largest and busiest harbor, just weeks before the peak summer tourism season begins.
Petros Molyviatis, Architect of Modern Greek Diplomacy, Dies at 97
His long and respected diplomatic career coincided with some of the most turbulent moments of the Cold War and the shifting geopolitical landscape of the Balkans, allowing him to develop deep expertise in international relations and European affairs.
RSF Monitors Predator Trial in Greece Amid Press Freedom Concerns
The Predator case, now unfolding at the Athens Court of First Instance, involves executives from the companies Intellexa and Krikel, which are accused of facilitating the use of the illegal spyware.
Greece Lags Behind EU in Safeguarding Against Security Risks from Foreign Investments
The timing of Greece’s long-overdue move is particularly striking given that the European Union is already preparing to go a step further.
Greek Consumers Remain the Most Pessimistic in the EU – 66% Expect Economic Downturn
This places Greece well ahead of other EU nations in terms of pessimism, with Estonia and Slovenia trailing behind at -36.7 and -29.3, respectively.
EU Eyes Flexible Gas Storage Rules to Ease Prices – A Boost for Greece
One of the most notable revisions involves reducing the mandatory fill level for gas storage from 90% to 83%, to be achieved annually between October 1 and December 1.
Greece Falls to 89th in Global Press Freedom Rankings, Lowest in the EU for Fourth Year Running
Greece has once again found itself at the bottom of the European Union in terms of press freedom, ranking 89th globally in the 2025 World Press Freedom Index published by Reporters Without Borders (RSF). T
No Summer Price Hikes for Greek Island Ferries
As of May 1st, the Greek government has announced a freeze on ferry ticket prices across the country, despite mounting cost pressures from a new European Union regulation requiring ships to switch to more expensive, environmentally friendly fuel. Speaking from the island of Syros, Greece’s Minister of Shipping and Island Policy, Vassilis Kikilias, confirmed that there will be no increase in ferry fares, not now and not during the busy summer travel season.
How Greece’s Traffic Fatalities Expose a Broader Road Safety
At first glance, Greece appears to be making progress on road safety. According to preliminary figures from the Hellenic Statistical Authority (ELSTAT), February 2025 saw a slight 3.1% decline in road traffic accidents compared to the same month in 2024, dropping from 702 to 680 incidents.
From Energy Security to National Security: Greece’s Costly Balancing Act
As Europe confronts rising security threats, particularly from Russia, a new era of defence readiness is underway.
Green Energy Oversupply Sends Greek Electricity Prices Below Zero
On May 1st, Greece experienced an extraordinary energy market event that reflects a broader trend gripping Europe: for six consecutive hours, the Greek electricity market registered negative prices, plunging to a record low of -€50 per megawatt-hour at midday.
Greece’s New Security Secretariat Raises Fears of Institutional Undermining
In a move that has sparked alarm among experts and constitutional observers, Greek Prime Minister Kyriakos Mitsotakis has unilaterally established a General Secretariat for National Security—a powerful new structure placed directly under his control.
OECD Flags Greece’s High Tax Pressure on Workers
What is particularly striking in the Greek case is that this increasing burden hasn’t come from a deliberate hike in tax rates or social contributions.
Athens Gears Up for Major International Defense and Security Showcase: DEFEA 2025
This year’s edition of DEFEA confirms its growing international stature, with 436 exhibitors from 37 countries, 18 national pavilions, and 98 official delegations from 45 nations.
Attica’s Water Supply at Risk, Warns Greece’s Main Water Utility
As concerns over water scarcity grow, especially in light of increasing drought frequency and climate pressure, EYDAP’s CEO, Haris Sachinis, presented a broader plan to address water security for Attica.
A Greek Bank’s Bold Answer to Europe’s Demographic Challenge
Greece has long faced population decline, especially in its remote and border regions.
Greece’s Fiscal Strategy Faces Questions Over Tax Windfall and Investment Optimism
One of the most striking claims is that anti-tax evasion reforms implemented in 2024 will lead to a permanent increase in annual tax revenues of over €2 billion.
Thousands of Property Owners up in Arms Over New Building Regulations
Under the new regulations, only plots larger than two stremmata (around half an acre) with direct access to a recognized public road will qualify as buildable within these small settlements.