#GREECE
Soaring Retail Rents Redraw Greece’s Shopping Map
In Athens, Ermou Street—Greece’s most expensive retail strip—commands rents of up to €300 per square meter.
Greek PM Mitsotakis Seeks Reset Amid Scandals and Internal Party Tensions
The rushed vote was widely seen as an effort to manage internal dissent over the fate of one of two ministers under scrutiny.
Greek Households Grapple with Deepening Economic Anxiety as Consumer Confidence Falls Further
Nearly six in ten people say they are merely getting by, and around 10% of households are relying on their savings to cover essential needs.
Greece Maintains Status as Global Shipping Superpower with 5,691 Vessels
The report highlights that Greek shipping has seen remarkable growth over the past decade, increasing its transport capacity by 42% since 2015.
Mitsotakis Moves to Block Criminal Probe as Corruption Allegations Mount
A tense and pivotal day is unfolding today in Greek politics, as Parliament heads into a high-stakes vote on whether to establish a preliminary inquiry committee into the OPEKEPE scandal — a case centered on allegations of widespread misuse of EU agricultural subsidies.
Greek Government Pushes Controversial Labor Bill
The Greek Ministry of Labor is preparing to introduce a sweeping labor reform bill that could significantly alter the landscape of working conditions in the country.
Controversy Surrounds Appointment to Top Greek Tourism Post
The recent appointment of Angela Varela as President of the Greek National Tourism Organization (GNTO) by Tourism Minister Olga Kefalogianni is drawing scrutiny over concerns of favoritism and the undermining of merit-based selection processes in the Greek public sector.
Public Power Corporation Expands Greece’s Role in Southeast Europe’s EV Transition
Public Power Corporation (DEI), Greece’s largest power utility, is quickly emerging as a central player in the electric mobility landscape of Southeast Europe.
Greece to Submit Official Application for EU’s SAFE Defense Funding Mechanism Today
The Greek government played an active role in shaping the SAFE regulation, securing key provisions.
Foreign Buyers Dominate Greece’s Luxury Holiday Home Market
Mykonos and Paros remain the most expensive destinations.
Greek Parliament Braces for Clash Over Agricultural Subsidy Scandal
Political tensions are running high as Parliament opens debate today on two competing motions stemming from the unfolding OPEKEPE scandal—a case involving alleged irregularities in the management of EU agricultural subsidies.
A Quarter of Greeks Staying Home This Summer as Costs and Uncertainty Soar
This summer, one in four Greeks will not be going on holiday at all, according to a recent nationwide survey by research firm Focus Bari.
Athens Stock Exchange at Crossroads as Euronext Proposal Advances
The Hellenic Exchanges – Athens Stock Exchange (HELEX) Group has entered advanced negotiations with Euronext, the pan-European stock exchange operator, as it evaluates an unsolicited takeover proposal involving a share swap.
More Tourists in Greece Opt to Eat and Drink Inside Their Accommodations
A noticeable shift is taking place in the spending habits of tourists visiting Greece, with an increasing number choosing to eat and drink within their accommodations rather than dining out.
Sexual Assault at Sea Sparks Major Legal Shift for Cruise Ship Workers
A sexual assault case involving a former crew member of a Celebrity Cruises ship is challenging the way the cruise industry handles allegations of abuse at sea—and could have far-reaching implications for international maritime workers.
Greece to Raise Soldier Salaries and Launch Certification Programs
The reform, which includes new training opportunities and structural overhauls, aims to reshape military service into a stepping stone for young recruits, while addressing longstanding challenges such as staffing shortages and outdated infrastructure.
Greek Parliament Refers Ex-Transport Minister to Court Over Deadly Train Crash
Greece's Parliament has voted on Tuesday to refer former Transport Minister Kostas Karamanlis to a judicial council for investigation over the tragic train crash in Tempi, which claimed dozens of lives in February 2023.
Former Moldovan Powerbroker Vladimir Plahotniuc to Face Greek Prosecutor After Arrest at Athens Airport
Greek authorities arrested one of Moldova’s most wanted fugitives, Vladimir Plahotniuc at Athens International Airport, just before he attempted to board a flight to Dubai.
How the EU’s New CORE Tax Threatens to Burden 400 Major Greek Companies – And What It Means for Consumers
A new tax proposal from the European Commission is raising alarm in Greece, where hundreds of major companies could face disproportionate burdens under the plan.
Greece Lags Behind EU in Modernizing Public Finance Accounting, IMF Warns
Greece remains significantly behind the rest of the European Union in the way it records and monitors public finances, according to a recent report by the International Monetary Fund.
Predatorgate Returns to Court: Landmark Greek Surveillance Trial Set for September
Originally slated for March 5, 2025, the case was postponed indefinitely after the defense requested additional time to translate key legal documents from English into Greek.
Wave of 30,000 Residential Properties Coming to Greek Market by 2027
Over the next two years, Greece is poised to see a surge in residential property listings, with an estimated 30,000 homes set to enter the market by 2027.
Greece Eyes €2 Billion Tax Relief, But Will It Reach the Most Vulnerable?
As the Greek government prepares to unveil a sweeping tax relief package at the Thessaloniki International Fair, a crucial debate is emerging: will these measures genuinely narrow the country's persistent income gap—or end up reinforcing it? With inequality indicators stubbornly stagnant, the focus on middle-income earners is raising both hopes and concerns.
Historic Hotel to Reopen After 18 Years, Backed by Major Investors
A landmark investment project is taking shape on the Greek island of Lemnos, where a powerful group of shipping and business leaders is backing the revival of the long-abandoned Akti Myrina Hotel, aiming to transform it into a new hub of high-end tourism.
Telis Mistakidis Cashed Out of Glencore at Peak Valuation
Greek billionaire Telis Mistakidis quietly sold his entire stake in Glencore for an estimated €2.38 billion—just before the company’s stock plunged by nearly 40%.
Mixed Messages from U.S. Envoys to Greece and Turkey Underscore Foreign Policy Rift
Washington's approach to the Eastern Mediterranean—especially under a Trump-led foreign policy—may once again be driven as much by personalities as by principles...
Heat Is the New Health Crisis: How Rising Temperatures Threaten Lives in Greece
In large urban centers such as Athens, where one or two heatwaves per year were the norm between 1971 and 2000, projections indicate that by 2050, residents could experience over ten each year.
Why Electricity in Greece Is More Expensive Than the EU Average
A major factor is Greece’s limited energy interconnection with the rest of Europe...
Shock Legal Reform in Greece Paves Way for Rapid Evictions and Property Seizures
Greece is poised to radically reform its foreclosure and property auction laws with a new bill that accelerates evictions and weakens homeowner protections, raising serious concerns about widespread displacement and social fallout among vulnerable populations.
Failed Bomb Plot at Greek Journalist’s Home Prompts National Outcry and Probe
Greek police are investigating a failed bomb attack outside the home of prominent journalist Giannis Pretenteris, in a case that has reignited fears over press freedom and political violence in the country.
How the Greek State Will Manage Seized Assets Linked to Criminal Activity
Greece is moving to close a legal vacuum in its criminal justice system with new rules for managing seized assets linked to suspected criminal activity.