#ENGLISH EDITION
GEK TERNA and Motor Oil in Talks Over Heron, Stirring Market Speculation
The main question now is whether this corporate engagement will evolve into a strategic partnership with significant ramifications for Greece’s energy sector.
Corruption and Governance: Greece’s Critical Performance in Transparency International’s New Assessment
On February 11, 2025, Transparency International is set to release the new Corruption Perceptions Index (CPI) for 2024, shedding light on global trends and developments in the fight against corruption.
Greek Salary Increases Offset by Heavy Taxation and Social Contributions
Greek workers are set to receive only a modest increase in their take-home pay over the next two years, despite government plans to raise the average gross salary to €1,500 by 2027.
Greek Citizens Targeted by Israeli Spyware Paragon, Italian Government Reveals
The Italian government has revealed on Wednesday that Greek and Cypriot citizens were among those targeted by the Graphite spyware, developed by the Israeli company Paragon Solutions.
HELLENiQ ENERGY CEO Calls for Pragmatic Energy Transition
Andreas Siamisis, CEO of HELLENiQ ENERGY, one of the largest oil companies in Southeast Europe and operator of three refineries in Greece, emphasized on Tuesday the need for a pragmatic approach to energy planning.
Tempi Crash Report Suggests Hazardous Cargo Sparked Deadly Blaze
The Greek newspaper Kathimerini on Wednesday unveiled new details from a draft report by the National Organization for the Investigation of Aviation and Railway Accidents and Transport Safety (EODASAAM) on the Tempi train disaster.
Santorini Rocked by Earthquakes: Airbnb Cancellations Skyrocket
By Tuesday evening, a total of 11,000 people had left Santorini.
Kimberly Guilfoyle’s Appointment as U.S. Ambassador to Greece Draws Interest – and Some Questions
Set to arrive in Athens in early June, Guilfoyle steps into the position at a crucial moment for U.S.-Greece relations.
Political Turmoil in Greece Over Accountability for Deadly Train Crash
Opposition parties have intensified their efforts to hold the government responsible, arguing that both the prime minister and his ministers bear political liability for the disaster.
Greece’s Leading Private Healthcare Chain Set for Major Overhaul After PureHealth Acquisition
The market anticipates substantial strategic and operational adjustments, particularly aimed at addressing financial challenges faced by certain units within HHG’s portfolio.
Greek Insurers Freeze Health Premium Hikes Amid Economic Pressures, Urging Government Support
To tackle rising healthcare expenses, the insurance sector has put forward several proposals.
European Leaders Seek Common Strategy for Defense Funding Amid U.S. Security Shift
European leaders met again to develop a common strategy for strengthening European defense—particularly its funding, which the European Commission estimates at €500 billion over the next decade.
Greece Moves to Digitize Pension Records in Effort to Speed Up Payments
As part of this modernization effort, EFKA is upgrading its ATLAS pension allocation system by digitizing paper records from 1980 onwards across all primary and supplementary insurance funds.
Greece Leverages AI to Boost Tax Compliance
Leveraging artificial intelligence, business intelligence, and automation, AADE aims to modernize tax procedures and enhance compliance.
Regulatory Hurdles and Investor Doubts Cloud Piraeus Bank’s Insurance Acquisition
Beyond financial performance, the deal faces significant regulatory hurdles, particularly in the area of capital requirements.
Greek Ombudsman Report Exposes Coast Guard Negligence in Deadly Pylos Shipwreck
The report details significant failures by Greek authorities.
EU Commission Takes Action Against Greece Over VAT Directive Non-Compliance
The small business VAT directive aims to simplify tax obligations for small enterprises by allowing them to sell goods and services without applying VAT.
CVC’s Ethniki Insurance Play: From Entry to Asset Stripping to Exit
Negotiations between Piraeus Bank and CVC over the acquisition of Ethniki Insurance, Greece’s largest insurer, are expected to reach a critical juncture this week.
Ghent University Scientists Uncover Explosive Findings in Deadly Greek Train Collision
Scientists from Ghent University have uncovered critical new evidence about the fire that followed the tragic train collision in Tempi, Greece.
Owning Property in Greece? You May Owe Taxes Even Without Local Income
If a foreign investor faces a tax assessment based on imputed income, they have the right to file an administrative appeal with the Independent Authority for Public Revenue (AADE) in Greece.
Piraeus Bank Confirms Interest in Ethniki Insurance as CVC Plans Exit
If Piraeus Bank proceeds with the acquisition, it would mark a significant development in the Greek financial sector.
Greece and Saudi Arabia Push Forward on Green Energy Corridor to Europe
Greece and Saudi Arabia are accelerating plans to create a green energy corridor that will transport renewable electricity from Riyadh to Europe via Greece.
IMF Cautions Greece on Structural Weaknesses Despite Economic Gains
Greece’s economic outlook remains strong in the near term, with real GDP continuing its robust expansion, according to a preliminary assessment by the International Monetary Fund (IMF).
Inspired Education Group Strengthens Its Hold on Greek Private Schools Moraitis and CGS
Inspired Education Group, the global private education giant led by Lebanese-British entrepreneur and investment banker Nadim M. Nsouli, is making strategic moves to consolidate its presence in Greece.
Greece Launches a New Digital System for Business Licensing
Greece is set to overhaul its business licensing process with the launch of Open Business, a new digital platform aimed at simplifying and accelerating the approval of business activities.
Greek Government and Judiciary Face Public Backlash Over Tempi Train Disaster, Poll Shows
A new poll by Greek research firm MRB, released on Thursday, paints a stark picture of public discontent in Greece.
Alpha Bank Expands Real Estate Strategy with Three New Companies
Greece’s Alpha Bank is strengthening its real estate investment and management strategy with the launch of three new subsidiaries: Abinvest I, Abinvest II, and Abinvest III.
Greece’s Capital Market Reforms Face Delays
Greece’s much-anticipated capital market reform bill remains missing in action, despite assurances from the Ministry of Finance that public consultation would begin immediately.
European Court of Auditors Investigates Olive Oil Authenticity and Safety in Greece
The European Court of Auditors (ECA) has launched an investigation to assess whether the European Union’s control systems effectively guarantee the authenticity, safety, and accurate labeling of olive oil—one of the region’s most iconic agricultural products.
Greek Tax Authority Revises Rules for New and Used Vehicles
Greece’s Independent Authority for Public Revenue (AADE) has announced significant changes to the way vehicles are classified as new or used, aligning with new guidelines from the European Commission.
The Open Wound of Tempi Engulfs Mitsotakis
Greek Prime Minister Kyriakos Mitsotakis’ emergency interview on Alpha TV on Wednesday night was a clear attempt to contain the political firestorm sparked by mass protests and accusations of a cover-up surrounding the Tempi train disaster.