#GREECE
Greece’s Apartment Prices Rise by 8.7% in 2024, New-Builds Lead with 10.1% Increase
Apartment prices in Greece rose by an average of 8.7% in 2024, according to preliminary data from the Bank of Greece.
Operational Challenges Threaten the Effectiveness of the EU’s Anti-Money Laundering Authority
The European Anti-Money Laundering Authority (AMLA), the EU’s newly created agency to combat financial crime, is already facing serious governance and operational challenges, raising concerns about its ability to function effectively. Sources speaking to Dnews pointed to transparency issues in leadership selection, procedural inefficiencies, and logistical difficulties that could hinder AMLA from fulfilling its ambitious mandate.
Greece’s Political Landscape Shifts as Public Backs Early, Poll Shows
A new survey by polling firm ALCO, presented on Tuesday by Greek broadcaster Alpha TV, indicates growing public dissatisfaction with Prime Minister Kyriakos Mitsotakis’ government.
Santorini Set for a Strong Comeback as Tourist Season Approaches
Santorini, one of the world’s most sought-after travel destinations, is preparing for a strong and dynamic tourist season as it steadily recovers from recent seismic activity.
Athens Stock Exchange Shutdown Reveals Operational Failures and Government Confusion
A technical failure at the Athens Stock Exchange (ATHEX) on Monday led to a complete suspension of trading, exposing severe deficiencies in crisis management and operational preparedness.
Who Profits from Greece’s Defense Spending? Not Greek Industry, Says Evangelos Mytilineos
Greece’s defense procurement strategy has come under sharp criticism from Evangelos Mytilineos, head of the Metlen Group, who argues that the government has failed to include domestic industries in key military contracts.
Greece’s 2025 Tax Declarations: Key Changes and What You Need to Know
Greece has officially opened the 2025 tax declaration period, with the final submission deadline set for July 15.
Concerns Grow Over Piraeus Bank’s Acquisition of National Insurance from CVC
The financial sector is closely watching the challenges surrounding Piraeus Bank’s €540 million acquisition of Greece’s National Insurance from private equity firm CVC.
Doxiadis’ Abrupt Exit Undermines Mitsotakis’ Bid for Government Reset
Doxiadis’ resignation comes after accusations from opposition parties regarding his response to protests over the deadly train crash in Tempi.
Can Greece Afford Pre-Election Handouts?
As Greece heads into another election cycle, economic policy is taking center stage in the government’s attempt to regain voter confidence.
Athens Weighs Alliances to Break Deadlock in Greece-Cyprus Energy Project
Greece is weighing its alliances, the broader international landscape, and possible ways to bypass the deadlock that has stalled the Greece-Cyprus electricity interconnection project.
Greece, Cyprus, and Israel Strengthen Trilateral Cooperation with Focus on Energy Connectivity
Greece, Cyprus, and Israel are deepening their strategic partnership, with energy connectivity emerging as a key priority, as reaffirmed during a meeting of their Foreign Ministers on Thursday in Athens.
Countdown to Government Reshuffle: Major Changes Expected
The clock is ticking for the much-anticipated government reshuffle, set to take place today, Friday.
Piraeus Bank Faces Investor Scrutiny Over National Insurance Acquisition from CVC
Piraeus Bank is set to face tough questions from analysts and investors in London on Monday over its recent acquisition of a 90% stake in National Insurance from private equity firm CVC.
Greece Introduces New Residency Permit Rules for Foreign Investors
Greece has introduced significant changes to the process of granting residency permits to non-EU nationals investing in the country
V-Dem Institute: Greece in Continuous Institutional Decline – Authoritarian Shift Statistically Confirmed
Greece continues to experience a significant institutional decline, according to the latest Liberal Democracy Index released by the V-Dem Institute at the University of Gothenburg, one of the most respected democracy measurement tools worldwide.
Konstantinos Tasoulas Sworn in as Greece’s New President
Konstantinos Tasoulas has officially assumed office as the ninth President of the Hellenic Republic, succeeding Katerina Sakellaropoulou.
Greece Cuts Red Tape on Donations, Expands Tax Benefits for Donors
A key element of the new framework is the establishment of the National Registry of Benefactors and Donors, an electronic platform that streamlines and simplifies the donation process.
Greek Government Pushes Controversial Bill, Raising Fears of Mass Surveillance
Controversial provision in the bill allows the police intelligence unit to collect information from private individuals without clear privacy protections.
Greece’s Defense Procurement: Transparency Concerns and Legal Challenges
The LTDPP was designed as a 12-year strategic plan, updated every three years, outlining Greece’s military equipment needs and providing a financial roadmap for their acquisition.
Konstantinos Tasoulas to Be Sworn in as Greece’s New President on Thursday
Konstantinos Tasoulas, former Speaker of the Hellenic Parliament, was elected President of the Republic on February 12, 2025, receiving 160 votes in Parliament.
Government Reshuffle in Full Swing: Key Moves and Political Maneuvering
Greece is in the midst of a government reshuffle, with one of the most significant changes being the relocation of Finance Minister Kostis Hatzidakis to the Maximos Mansion, where he will take on the role of Deputy Prime Minister with coordinating responsibilities.
Freedom24 Expands into Greece with New Subsidiary
Freedom24, the global online brokerage platform offering access to over 40,000 investment products—including stocks, ETFs, bonds, and derivatives across U.S., European, and Asian markets—has expanded its footprint in Greece with the acquisition of its new subsidiary, Freedom24 Greece Monoprosopi IKE.
Automated Tax Returns for 2025: What Taxpayers Need to Know
Greece is introducing a new system that will simplify tax filing for 1.5 million taxpayers in 2025, with an automated process for completing and submitting tax returns.
Greece’s Plans for Public Sector Wage Hikes and Tax Cuts Faces EU Hurdles
The Greek government is considering adopting opposition-backed measures to reinstate a 13th salary for public sector employees and adjust tax brackets for inflation. While these initiatives could boost its approval ratings domestically, they are likely to trigger tough negotiations with European Union (EU) institutions, given Greece’s fiscal constraints.
Greek Lawmakers to Discuss Expanding Armed Forces Capabilities
Greek Prime Minister Kyriakos Mitsotakis is set to present potential revisions to the country’s military procurement program and broader defense strategy before Parliament on Tuesday, March 18.
The Euro’s Impact on Greece: A Quarter-Century of Transformation
Greece’s entry into the Eurozone was a historic achievement that reshaped the country’s economic trajectory, according to the Governor of the Bank of Greece, Giannis Stournaras.
Greece Cracks Down on Electricity Theft: Over €1.2 Million in Violations Uncovered
Greece’s power distribution operator, DEDDIE, has intensified its efforts to combat electricity theft, conducting more than 700 targeted inspections across hotels, restaurants, and cafés (HORECA sector) in recent months. The crackdown has already revealed cases of electricity theft valued at over €1.2 million, highlighting the scale of the issue in the country’s hospitality industry.
Bracebridge Capital Expands Presence in Greece with Major Loan Acquisitions and New Subsidiary
Boston-based hedge fund Bracebridge Capital LLC, which manages assets for prestigious institutions including Yale and Princeton, currently oversees approximately $12 billion in assets under management.
Greek Government Prepares for Major Cabinet Reshuffle Amid Political Turmoil
The Greek government is moving to recover lost political ground following recent mass protests and a no-confidence motion in parliament.