#ENGLISH EDITION
Labor’s Share of Greece’s GDP Shrinks to 35% in 2024, Down from 39% in 2019
Despite government promises of "growth for all", the reality is that labor is steadily losing ground to profits and operating surpluses.
Greece Faces Risk of Losing EU Farm Subsidy Payments Amid OPEKEPE Turmoil
Greece’s current proposal fails to address serious deficiencies and does not comply with EU law.
Europe’s Energy Integration Could Slash Greek Power Bills by Nearly a Quarter
Greece consistently ranks among those with the most expensive electricity in Europe.
Greece Slaps Heavy Fines on Illegal Use of Temporarily Imported Vehicles and Vessels
Penalties rise sharply when a vehicle is used by someone not entitled to drive it.
From Birth to 18: Greek Families Face €215,000 Bill to Raise a Child
Raising a child in Greece now costs an estimated €215,000 by the time they reach adulthood, according to new data that highlights the mounting financial pressures on families and sheds light on the country’s declining birth rate.
Pharmaceuticals Add €6.9 Billion to Greece’s GDP as Sector Expands Export Footprint
The Greek pharmaceutical industry is emerging as a key pillar of the country’s economy, contributing an estimated €6.9 billion to GDP in 2023, or around 3.1 percent of total output, according to new research by the Foundation for Economic and Industrial Research (IOBE).
Athens Hotels See a ‘Stagnant’ August Despite Marginal Gains
August brought only modest improvements for hotels in Athens and Attica, with the local hotel association warning that the sector risks slipping into “dangerous stagnation” unless deeper reforms are made to ensure fair competition.
Paulson-Linked Greek Company Sees ‘Strategic’ Investment Wiped Out by 99.99996%
EYDAP, the Athens water utility, today owns just five shares in CrediaBank, the successor of Attica Bank.
Greece’s Families Strain Under Rising Costs as Tax Relief Lags Behind
At the 2025 Thessaloniki International Fair, the Greek government unveiled a broad package of tax reforms aimed at easing pressure on the middle class and strengthening support for families.
Lidl and Sklavenitis Clash With Greek Regulators Over "Unfair" Fines
Both companies deny the accusations.
Greece Trails Germany in Shielding Industry from Soaring Power Prices
The Greek plan would stabilize electricity prices for three years at levels well below the wholesale market, but until it is adopted, energy-intensive industries remain exposed to volatility.
Peskesi in Crete Named Best Organic Restaurant at EU Organic Awards
Since 2014, the restaurant has played a pioneering role in reviving Cretan gastronomy through its “farm-to-table and table-to-farm” philosophy.
Greece Weighs Social Media Ban for Under-16s, Says PM Mitsotakis
Mitsotakis said the idea was partly inspired by Jonathan Haidt’s book The Anxious Generation, which he read over the summer on the recommendation of his wife.
"Big Brother" Oversight for Greece’s Development Laws
Under the new rules, every beneficiary must submit evidence once a year showing that they continue to meet the conditions laid out in the approval of their investment plan.
Erdogan Postpones Talks with Mitsotakis at UN, Sparking Criticism in Athens
For Ankara, the postponement underscores its focus on regional diplomacy and its bid to reposition itself as a central power in the broader Middle East.
Lamda Development and the University of Nicosia form joint venture for student housing at Ellinikon
The company’s scope extends well beyond student housing. Its mandate includes the development and management of hotels and tourist facilities, commercial spaces, restaurants, entertainment venues, as well as cultural and scientific event halls.
Weak Implementation of "Smart Specialization" in Greece
Nowhere is this uncertainty more evident than in Greece, where efforts to align policy with the EU framework have produced only mixed results.
How Greece’s "Pass" Subsidies Became an Addiction That Weighed Down Productivity
The immediate relief helped prevent mass unemployment and a social crisis, but it also introduced a new culture of widespread state handouts.
In Greece, Soaring Housing Costs Force Young Adults to Stay Home Until Their 30s
Staying longer in the family home does not shield young Greeks from financial strain.
Greek Prime Minister’s New York Agenda Dominated by Meeting with Erdogan
Prime Minister Kyriakos Mitsotakis is heading into an intensive round of diplomacy in New York, where he is taking part in the High-Level Week of the 80th United Nations General Assembly
Goodwill of €1.53 Billion Puts Spotlight on Intralot’s Bally’s Integration
Intralot has published its unaudited pro forma financial results following the acquisition of Bally’s Holdings Limited, presenting a stronger revenue profile but also signaling risks and challenges ahead.
Karystianou Denies Plans to Launch Political Party Amid Media Speculation
Karystianou accused “servile trolls” and “yellow journalists” of spreading falsehoods to distract from society’s real problems.
Maritime Industry Raises Red Flags Over IMO’s Net Zero Blueprint
The battle over the future of shipping fuels is heating up as October approaches, when the International Maritime Organization (IMO) is due to vote on the adoption of its Net Zero Framework (NZF).
Tourism Fuels Record Revenues for Greece
Greece’s tourism sector delivered record revenues in the first seven months of 2025, with the Bank of Greece reporting that total travel receipts climbed to €18.4 billion, driven by higher arrivals and increased spending per trip.
Greece Delays Property Value Revision, Widening Market Gap
The Greek government has decided to postpone until 2028 the long-awaited revision of property tax values, a move that preserves deep distortions in the country’s real estate market.
Missed Option Deadline Drives Up Cost of Greece’s Fourth Belharra Frigate
The Greek government is preparing to defend itself in Parliament against opposition criticism over the delayed purchase of a fourth French-made Belharra frigate, which is to be named Themistocles.
A “French-Style” 2% Tax on Greek Billionaires: How Much Could It Raise?
In France, a fierce political debate has erupted over a proposal to impose a 2% levy on fortunes exceeding €100 million.
Greece on the Global Catwalk of Luxury Tourism
Haute couture has long dominated the world’s catwalks, but in recent years it has found a new stage: the luxury hotel and resort sector.
Despite Economic Pressures, Greece’s Luxury Car Market Accelerates
Greece’s appetite for luxury cars is accelerating, with more and more supercars and high-end SUVs making their way onto the country’s roads.
How Supermarket Sales Strengthened Greece’s Public Finances
Supermarkets have emerged as a key source of VAT revenue for Greece in the first seven months of 2025, as a rebound in consumer spending drives both turnover and state receipts.