#GREECE
Greece Needs Investments in Energy Storage and Grid Upgrades, Study Finds
Greece has made significant progress in its energy transition over the past decade, moving toward decarbonization, increasing the share of renewable energy, and aligning with broader European energy goals.
Athens Pushes Energy Link with Cyprus as U.S. Stays on the Sidelines
The countdown has begun for Greece’s ambitious electricity interconnection with Cyprus, a project set to extend beyond national waters into areas claimed by Turkey under the disputed Turkey-Libya memorandum.
From Globalization to Power Politics: Giorgos Papakonstantinou on the New Rules of the Game
As globalization retreats, international institutions weaken, and geopolitical balances shift rapidly, former Greek Finance Minister Giorgos Papakonstantinou discusses the urgent challenges facing global governance.
Greece on Edge: Mass Protests Expected on February 28 Over Tempi Tragedy
The Greek government is bracing for mass protests on Friday, February 28, as public outrage over the Tempi rail disaster reaches a boiling point.
German Elections and Their Impact on the European and Greek Economy
Tomorrow’s German elections are not just about the future of Europe’s largest economy; they carry profound implications for the stability of the Eurozone and the Greek economy.
Germany, UK, and US Lead Greece’s Tourism Surge
Greece experienced a strong tourism boom in 2024, with visitor numbers and revenue reaching new heights. Germany, the United Kingdom, the United States, France, and Italy emerged as the top sources of travelers, contributing to a significant increase in inbound tourism. The surge in visitors helped bolster the country’s economy, with key international markets maintaining their momentum.
Port Sale Reversal in Greece: Legal Battle Looms Over Growthfund’s Decision
The first major decision by the newly appointed leadership of Growthfund, Greece’s sovereign wealth fund, has sparked controversy.
Greece Ranks Lowest Among OECD Countries in Healthcare System Trust
Greece Ranks Lowest in Healthcare Trust Among OECD Countries.
Greece Gears Up for Mass Demonstrations Over Train Crash
The Greek government, led by Prime Minister Kyriakos Mitsotakis, is under intense scrutiny, facing accusations of a cover-up regarding the causes of the tragic crash that claimed dozens of lives.
Savvidis Tightens Grip on Thessaloniki Port as Louis-Dreyfus Weighs Next Move
The deadline for the public tender offer by LeonidsPort, a company linked to the Louis-Dreyfus family, to acquire up to 21% of Thessaloniki Port Authority (OLTH) at €27 per share closes on Thursday.
New Customs Reforms in Greece Aim to Streamline Trade and Improve Oversight
Greece is overhauling its customs procedures with new Customs Audit Centers (TEK) and updated regulations.
When the Tax Office Won’t Listen: A Costly Fight for Justice in Greece
Greek tax authorities have revised a 2015 tax return following a court ruling in favor of a taxpayer who was unfairly overtaxed due to a misclassification of income. The case highlights broader issues within Greece’s tax administration and the challenges taxpayers face when disputing erroneous tax decisions.
Surge in Highway Traffic Outpaces Vehicle Growth in Greece
A significant trend has emerged in Greece’s highway traffic, with data from 2024 showing a notable increase in vehicle passages on roads managed by the GEK TERNA Group. Attiki Odos, the key toll road serving Athens, recorded a 5.81% annual rise in crossings, reaching 100.2 million in 2024, up from 94.7 million the previous year.
Greek IT Firm Denies Involvement in Russian Hack of European Medicines Agency
According to Volkskrant, the breach began in July 2020 and continued undetected for four months until EMA discovered it on December 1 of that year.
Food Prices in Greece Skyrocket While Wages Lag Behind
Over the past four years, food prices have surged by more than 30 percent.
Seismic Activity Near Santorini Eases, But Experts Remain Vigilant
Over 19,200 earthquakes have been detected in the Santorini-Amorgos seismic zone since the activity began on January 26.
Greece Launches "Renovate - Rent" Program to Boost Long-Term Rentals
With a total budget of €50 million, the program provides subsidies covering up to 60% of renovation costs, with a maximum eligible expense of €13,500 and a maximum grant of €8,000.
Greece Moves to Ease Tax Burden on Non-Profits Amid Legal Ambiguities
A new legislative initiative is set to tackle the legal hurdles that threaten the financial sustainability of non-profit organizations in Greece. The Finance Ministry plans to introduce reforms in parliament by March, focusing on the taxation framework that has long disadvantaged the sector.
EU’s Proposed Defense Spending "Escape Clause" Poses Risks for Debt-Laden Greece
The European Commission’s proposal to introduce an “escape clause” for defense spending has sparked concern over its potential impact on Greece, a country still struggling with one of the highest debt burdens in the Eurozone.
Athens College Opens Applications for 2025-2026 Scholarships
Athens College, a prestigious institution founded in 1925, continues its long-standing tradition of providing financial aid through scholarships for the 2025-2026 academic year. These scholarships, a fundamental part of the school’s educational and social philosophy, support students with exceptional academic achievements as well as those in need of financial assistance.
Κλαυδία για Eurovision: «Δεν μπορώ να φανταστώ την εικόνα μου πάνω στη σκηνή»
Όσα δήλωσε για την Eurovision και τα παιδικά της χρόνια.
Beyond the Stereotypes: The Reality of Sex and Relationships in Greece
Many Greeks are disengaging from both love and sex.
Sorbonne Paris Nord Seeks to Establish Greece’s First Non-State University
The French public university Sorbonne Paris Nord has submitted an application to establish Greece’s first non-state, non-profit university, marking a significant development in the country's higher education system.
Greece’s Inflation Rises 2.7% in January 2025, Slowing from Previous Year
Inflation in Greece rose by 2.7% in January 2025 compared to the same month in 2024, according to data from the Hellenic Statistical Authority (ELSTAT).
Greece’s Political Reset? The Limits of a Cabinet Reshuffle
Speculation is growing that Greek Prime Minister Kyriakos Mitsotakis is planning a sweeping reshuffle,
Automatic Tax Reporting in Greece: How New Rules Will Impact Companies
One of the most notable updates is the automatic recording of revenue for businesses that issue invoices through myDATA.
Greek Households Struggle as Income Covers Just 23 Days Per Month
Despite a slight improvement in economic indicators, financial hardships remain widespread, as six out of ten households report that their monthly earnings are insufficient to cover all expenses.
The Time for Action: Greece’s Government Must Close the Legal Loophole Enabling Cover-Ups
The government of Greek Prime Minister Kyriakos Mitsotakis is facing mounting criticism over its failure to pass a key implementing law related to a constitutional reform that was meant to strengthen political accountability. After nearly six years of inaction, this legislative omission is now being viewed as more than just a bureaucratic delay—it risks becoming a political scandal that could fuel allegations of a cover-up.
Greece Modernizes Business Licensing with New Digital Platform
After nearly seven years of delays, Greece has officially launched Open Business, a new digital platform designed to streamline and accelerate the country’s business licensing process.
Greek Government Faces Strong Backlash Over Train Disaster and Wiretapping Scandal, Poll Finds
A new poll has delivered a severe political blow to Greek Prime Minister Kyriakos Mitsotakis and his government, with an overwhelming majority of the public rejecting its handling of key political and legal issues.
Piraeus Bank in Talks to Acquire 70% of Ethniki Insurance for €469 Million - CVC Poised for 570% Return
For Piraeus Bank, the acquisition represents a strategic move to diversify its revenue streams and enhance shareholder value.