#ENGLISH EDITION
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.
Diplomatic Storm Brews Over Saint Catherine’s Monastery as Greece Scrambles to Respond to Egypt’s Surprise Move
A court decision in Egypt transferring ownership of lands surrounding the historic Saint Catherine’s Monastery to the Egyptian state has sparked a diplomatic crisis with Greece, drawing fierce backlash from church leaders and political parties in Athens and raising concerns over the future of one of Christianity’s oldest and most revered monastic sites.
How One Insider Helped Expose Greece’s Widespread Abuse of EU Farm Funds
A whistleblower’s revelations have propelled a major fraud case to trial in Athens, exposing deep-rooted corruption in Greece’s agricultural subsidy system and triggering a political crisis with potential EU sanctions looming.
Athens Hosts Global Progressives for Second Alexis Tsipras Institute Summit on Democracy and Justice
On June 10, the Alexis Tsipras Institute will convene its second annual international conference in Athens, bringing together leading progressive voices from both sides of the Atlantic. Held at the Megaron Concert Hall, the summit will feature U.S. Senator Bernie Sanders, philosopher Michael Sandel, and other high-profile figures for in-depth discussions on democracy, social justice, and rising authoritarianism.
Greece Eyes Expanded Naval Partnership with France in Belharra Frigate Deal
Greek Defense Minister Nikos Dendias will travel to Lorient, France, on June 4 to attend the launch of the FORMION F-603, the third Belharra-class frigate. His visit is expected to include the formal announcement of a fourth frigate order and possibly pave the way for domestic construction of additional warships, signaling a major boost in Greece’s defense manufacturing ambitions.
Piraeus Bank and Qualco Launch AI-Powered Credit Mediation Firm in Greece
Piraeus Bank and fintech firm Qualco have joined forces to establish ODS S.A., a new Greek company aiming to transform credit services through artificial intelligence and digital innovation, signaling a strategic push into the evolving field of digital credit intermediation.
Greece Sees Fewer New Businesses and More Bankruptcies in Early 2025
Greece recorded a drop in new business formations and a rise in bankruptcies during the first quarter of 2025, according to figures released today by the Hellenic Statistical Authority (ELSTAT).
Water Technology Merger: Greek Unibios to Acquire Majority of France’s Osmosun
Unibios will contribute €1.61 million in cash and transfer 30% of Watera International’s share capital to Osmosun.
EU Prosecutor Files New Charges Against 16 in Greek Railway Contract Scandal Linked to Tempi Tragedy
The charges relate to Contract 717, a project intended to restore remote control and signaling systems across Greece’s railway network.
Key Role of Bank of Greece Governor in UniCredit - Alpha Bank Deal
The transaction marks a significant cross-border investment, and at the center of its regulatory pathway was the Governor of the Bank of Greece, Yannis Stournaras.
Greece Introduces Tax Filing Extensions for Illness or Death of an Accountant
The measure is intended to protect both accountants facing critical life events and their clients, ensuring they are not unfairly penalized by rigid deadlines.
UniCredit to Become Major Shareholder in Alpha Bank After Reggeborgh Exit
The Italian banking giant stated that the acquisition aligns with its strategic goals and is expected to generate an additional €180 million in annual net profit.
Joseph Ackermann to Speak in Athens as Europe Reconsiders Its Future Amid Global Uncertainty
Joseph Ackermann, one of Europe’s most influential bankers and former CEO of Deutsche Bank, is set to headline a high-profile event in Athens this June.
Greece's Postal Banking Tradition Revived Through Alpha Bank and Hellenic Post Partnership
In a strategic move that harks back to one of Greece’s most trusted financial institutions, Alpha Bank and the Hellenic Post (ELTA) have joined forces to offer banking services through the country’s national postal network.
ND’s Karamanlis Probe Sparks Accusations of Cover-Up Over Deadly Train Crash
In a controversial move likely to intensify political tensions in Greece, the ruling New Democracy (ND) party has formally requested the creation of a parliamentary committee to conduct a preliminary investigation into former Transport Minister Kostas Karamanlis.
Greece’s Renewable Energy Sector Faces Financial Strain as Grid Failures Mount
Greece’s once-thriving renewable energy sector is facing mounting challenges that could jeopardize its future.
Greece Sets Up Interministerial Committee to Vet Foreign Investments for National Security
Greece is introducing a powerful new screening mechanism for foreign direct investments, aimed at protecting national security and public order.
Greek Police Boost Presence on Public Transport, Report Sharp Drop in Crime
Greek authorities have published on Monday the latest assessment of “ARIADNE,” an ongoing police operation aimed at strengthening security across the public transportation network in Athens.
Greece Cracks Down on Suspicious Property Deals as Authorities Target High-Value Sales
Greece’s Independent Authority for Public Revenue (AADE) is launching an extensive crackdown on suspicious real estate transactions amid a booming property market.
Athens Divided Over Turkey’s Potential Role in EU Defense Initiative
A political storm is brewing in Greece over the prospect of Turkey participating in a new European Union defense initiative, as tensions flare between the ruling government and the opposition PASOK party.
Greek Bond Yields Reflect Confidence in Public Debt Management
Greece’s government bond spreads remain stable against their German counterparts, according to a report published Monday by the country’s Public Debt Management Agency (PDMA).
Greece’s Anti-Money Laundering Committee to Address Privacy, Digital Reform, and EU Oversight
The Greek Strategic Committee for Combating Money Laundering is set to meet this Thursday to discuss a range of critical issues related to the country’s efforts in tackling financial crime.
Greece’s Budget Leans on Indirect Taxes, with Energy Levies Playing Key Role
Greece’s public revenue in the first four months of 2025 paints a familiar picture: the country continues to rely heavily on indirect taxation, particularly taxes on consumption, to finance its budget.
Safety Risks Emerge as Majority of Greek Buildings Age Past 40 Years
The tragic death of a man in Patras, struck by falling plaster from a crumbling balcony, has cast a harsh spotlight on a long-ignored danger: the structural decline of Greece’s aging housing stock. In a country where 7 in 10 buildings predate modern seismic codes, and maintenance is too often delayed or neglected, the risks are mounting—and the consequences can be fatal.