#ENGLISH EDITION
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.
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.
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.
Too Little, Too Late? Greece Struggles to Tackle Demographic Challenges
Among the measures are significant increases in child benefits, tax breaks for working parents, and incentives to encourage larger families.
Greek Prime Minister Mitsotakis to Attend EPP Congress in Valencia
For the Greek delegation, the congress represents more than just a ceremonial gathering.
After Tempi Tragedy, Greece Moves to Reinvent Its Railway Safety
Technological upgrades include mandatory installation of high-precision GNSS receivers and satellite internet in all locomotives.
Metlen Charts New Future with London Listing and Breakthrough in Circular Metallurgy
Mytilineos presented the company’s broader transformation strategy, termed the "Big THREE Transformation".
Former Greek Transport Minister Faces New Scrutiny Over Deadly Train Crash
Former Greek Transport Minister Kostas Achilleas Karamanlis is once again under intense political scrutiny, as judicial authorities move closer to referring him to Parliament over potential criminal liability in the 2023 Tempi railway disaster.
Metlen Gathers Global Attention Ahead of London Listing
Today, market attention turns to London, where Metlen is hosting its highly anticipated Capital Markets Day.
Regulatory and Financial Red Flags Mount Over Piraeus–Ethniki Deal
Reflecting the broad consensus among market insiders, it has been repeatedly noted that the sale of Ethniki Insurance by CVC Capital Partners Fund VII to Greece’s Piraeus Bank, at a valuation of €600 million, amounts to a significant "gift" to the private equity fund. It represents an exceptionally favorable exit strategy for CVC’s investors, rather than a deal based on strong fundamentals.
Greece Climbs in European Travel Rankings Despite Changing Tourist Trends
European travelers are showing a growing appetite for new destinations and less crowded periods, influenced by broader economic and geopolitical uncertainty.
Golden Visas and Global Uncertainty Fuel Greece’s Property Boom
Foreign investment in Greece’s real estate market soared to record levels in 2024, fueled largely by capital inflows from Europe and a surge in demand from Turkish investors seeking safer opportunities abroad.
Mysterious Ground Cracks Alarm Residents of a Greek Village
Concerns are mounting in the village of Voutes, near Heraklion in Crete, where unusual ground fissures have appeared, damaging homes and unsettling residents.
Invest €250K in Greek Innovation, Get a Visa: Greece Expands Startup Residency Path
Greece is expanding its appeal to foreign investors by linking its thriving startup ecosystem with the country’s Golden Visa program—a move that allows non-EU nationals to gain residency by investing in innovative Greek companies.