#GREECE
EU Defense Budget Boost Opens Doors for Greece’s Defense Industry
However, structural challenges within Greece’s state-owned enterprises have hindered their ability to integrate into international defense supply chains.
Electricity Costs in Greece Climb Due to Market Inefficiencies and Export Growth
The average wholesale price of electricity reached €135 per megawatt-hour (MWh) in January, a 4% increase from €129 in December.
Declining Employment in Greece’s Agricultural Sector
The decline in agricultural employment is a concerning development, given the sector’s crucial role in Greece’s economy, particularly in rural areas.
Global Art Players Set Their Sights on Greece
Η απόφαση τής Anaïs Lellouche να δημιουργήσει μια επιχείρηση στην Ελλάδα σηματοδοτεί την πίστη της στις καλλιτεχνικές δυνατότητες της χώρας.
Opposition Demands Answers as No-Confidence Debate Heats Up in Greece
Androulakis accused the ruling New Democracy party of covering up crucial details regarding the tragedy.
Greece’s Tax Authority Strengthens Audit Program for 2025
Special attention will be given to cases involving prosecutorial orders, high-risk taxpayers, and compliance checks on capital transfer tax declarations.
Poll Reveals 78% of Greek Demonstrators Want Government Change
Nearly half of the demonstrators, 46%, sent a message that they were protesting not just the Tempi disaster but also the overall failures of recent years.
Greece’s Political Landscape Undergoes Seismic Shifts: Midsummer Reckonings for Party Leaders
Prime Minister Kyriakos Mitsotakis faces mounting pressure, with his party’s support continuing to decline.
Economist Democracy Index 2024: Greece Drops Five Places Due to Government Functioning Weaknesses
Greece has fallen five spots in the Democracy Index 2024, ranking 25th globally, according to the latest report by the Economist Intelligence Unit (EIU).
Bank of Greece Tightens Oversight on Servicers Managing Securitized Loans Under "Hercules" Program
The Bank of Greece is ramping up its oversight of servicers managing securitized loans under the "Hercules" asset protection scheme, introducing stricter reporting and supervisory frameworks.
Seven Years After Greece’s Deadliest Wildfire, Court Nears Key Verdict
Seven years after the catastrophic wildfire in Mati, Greece, which claimed over 100 lives and left dozens severely injured, the appeal trial for the tragedy has reached a decisive moment.
Greek Parliament Approves Inquiry into Deputy Minister Over Tempi Tragedy Site Alteration
The opposition united in fierce criticism against both Triantopoulos and the government.
Hellenic Navy to Deploy High-Tech Naval Drones for Combat and Surveillance
Greece sees this as an opportunity to reinvigorate its fragmented defense industry while simultaneously closing the gap with Turkey, which has made significant strides in military technology.
Greece Introduces Digital Overhaul to Speed Up Customs and Strengthen Controls
By automating validity checks and managing import quantities in real time, the system significantly improves the speed and accuracy of customs procedures.
Israeli Entrepreneurs Launch Construction and Real Estate Firm in Greece
The company has an initial share capital of €500,000.
Greece’s Unemployment Drops to 8.7%, But Nearly 1 in 5 Young People Remain Jobless
Greece's unemployment rate fell to 8.7% in January 2025, marking a significant drop from 11.7% in January 2024, according to data from the Hellenic Statistical Authority (ELSTAT). This decline underscores the ongoing improvement in the labor market.
European Parliament Flags Greece in Human Rights Report Usually Focused on Developing Nations
A new European Parliament report on human rights violations is set for a vote on March 11, drawing fresh criticism toward Greece over concerns related to the rule of law, human rights, and journalist safety.
Investors Unfazed by Tempi Protests: Greece’s Markets Brush Off Political Uncertainty
Despite concerns that the fallout from the Tempi train tragedy and the historic anti-government protests of February 28 could destabilize Greece both politically and economically, financial indicators tell a different story.
"I Can't Breathe": Thousands to Rally Demanding Justice for Tempi Victims
The demonstrations come exactly two years after the Tempi train crash, which killed 57 people, many of them young students.
Greek Government Denied It for Two Years - Now Investigators Confirm ‘Unknown Fuel’ in Tempi Crash
The revelation that the massive fireball following the fatal train collision in Tempi, Greece, on February 28, 2023, was likely caused by an “unknown fuel” has reignited public outrage.
The €524M Nautilus Project: All Talk, No Action?
The Nautilus Project has been making headlines in Greece as a massive €524 million investment aimed at transforming the port of Astakos, in western Greece, into a premier mega yacht marina.
Eurobank Strengthens Its Diversified Business Model, Eyes Strategic Acquisitions Across Europe
Eurobank is reinforcing its position as a leading financial institution by maintaining a diversified business model that ensures both resilience and strong profitability.
Tempi Tragedy Anniversary Sparks Nationwide Strikes and Rallies
The Greek government is watching the situation closely, expressing concerns over what some officials describe as a "tsunami" of social opposition.
Widespread Distrust in Greek Institutions as Majority Doubt Justice for Tempi Victims
A new poll by Prorata reveals a deep crisis of public trust in the Greek government, judiciary, and opposition, particularly in relation to the investigation of the deadly train crash in Tempi.
Winter Sales Fail to Meet Expectations Amidst Consumer Struggles
Winter sales in Greece have failed to meet expectations, with early market indicators pointing to disappointing revenues for retailers
Thessaloniki Business Park: ETVA VIPE Defends Shared Costs and Unveils Major Upgrades
According to detailed financial data provided by Aloimonos, in 2024, the average monthly charge per acre for service fees at Thessaloniki Business Park amounted to €36, while security and other communal services cost €17.
Athens Airport Plans Major Expansion Amid Lower Profits and Higher Investments
Athens International Airport (AIA) has projected lower profitability and increased capital expenditures (Capex) for 2025 and 2026, according to its latest guidance presented to analysts on Tuesday by CEO Yiannis Paraschis.
Athens on High Alert Ahead of Mass Rally Marking Two Years Since Greece’s Deadly Train Crash
Similar demonstrations are expected in around 100 cities across Greece, as public anger over the handling of the Tempi disaster remains strong
New IMF Study Reveals Wealthy Nations Face Greater Economic Risk from Climate Change
Using advanced econometric techniques, the study finds that temperature shocks account for a significant share of economic fluctuations in advanced economies.
Trump Dismisses Report on U.S. Military Presence in Alexandroupoli
The port of Alexandroupoli has become increasingly significant for U.S. and NATO military logistics.
John Paulson's Share Sale Sparks Concern Among Piraeus Bank Investors
John Paulson’s decision to offload 35 million shares in Piraeus Bank on Monday night has raised questions within the investment community.