News In English
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.
Generation Gap at the Ballot Box: How Older Voters Are Shaping Greece’s Political Future
A new poll by MRB for Open TV reveals a striking generational divide in Greek voting intentions, raising not only political questions but also deeper concerns about the country’s social cohesion.
Alexis Tsipras Warns of Greece's “Balkanization,” Blames Government for Worsening Brain Drain
Speaking at the “Brain Retain & Regain” conference in Athens on Tuesday, former Greek Prime Minister Alexis Tsipras warned of a gradual “Balkanization” of the country’s economy and social fabric over the past 15 years.
Evangelos Mytilineos Waives Salary for Five Years, Ties Compensation to Shareholder Returns
In a highly unusual move by European corporate standards, Evangelos Mytilineos, Chairman and CEO of the Greek industrial and energy group Metlen, announced that he will forgo all forms of salary and bonus for the next five years.
Greece’s New Gas Plants: Subsidizing the Unnecessary at Taxpayers’ Expense
Greece’s plan to expand its gas-fired power capacity is drawing increasing scrutiny, as new evidence suggests these high-cost projects may offer little value in a rapidly evolving energy landscape. With €1.6 billion in investments supported by the state, critics argue that the real driver behind these developments is not energy security but guaranteed investor returns—funded by taxpayers.
The Larissa Thermoelectric Plant Has a Past— And It’s Not Just About Energy
Greece’s energy sector has long been a stage for bold promises and complex partnerships—but few recent ventures have stirred as much quiet controversy and behind-the-scenes maneuvering as the Larissa Thermoelectric project.
How Close Are We and Who Holds the Key to a Deal on the Parthenon Sculptures?
Negotiations between Greece and the British Museum over the future of the Parthenon Sculptures have made significant progress, with sources in Athens indicating that around 80% of the key issues have been resolved.
Campus Safety in Focus as Mitsotakis Meets Greek University Chiefs
On Monday, Greek Prime Minister Kyriakos Mitsotakis is scheduled to meet with the country’s university rectors at the Maximos Mansion in Athens, as his government moves forward with a renewed push to tighten security and discipline measures across public universities. The meeting comes amid mounting concerns over safety on campuses and a broader campaign to enforce order in higher education institutions.
How Greece Is Slashing Tax Fines – Who Stands to Benefit and by How Much
Greece has introduced a new legal framework that allows significant reductions in tax fines for businesses and individuals who accept the findings of tax audits without contest.
Greek Households Left in the Cold as Heating Allowance Fails to Match Needs
In Greece, unusually low heating allowance payments this year have triggered widespread frustration, reigniting calls for an urgent overhaul of the subsidy system.
Greek Government Accused of Undermining Research While Praising It
While the Greek government touts its support for innovation and research, a very different story is playing out on the ground.
IMF: Greece Needs Structural Reforms to Catch Up with Europe
Greece must accelerate key structural reforms if it wants to close the gap with more advanced European economies, according to a new report by the International Monetary Fund.