#GREECE
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.
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.