#GREECE
Mounting Cost Pressures Squeeze Greek Hotel Profitability
Demand for travel to Greece remains robust, but behind the strong bookings lies a growing concern for the country’s tourism industry: profitability is under increasing strain. Rising costs—particularly in energy—are outpacing revenue growth and putting significant pressure on hotels’ margins.
Athens Bar Association Moves to Take Surveillance Scandal to European Court
Greece’s powerful legal establishment is preparing to escalate its long-running confrontation with the government over a sweeping wiretapping scandal, taking the case beyond national borders and into Europe’s top human rights court.
U.S. Returns 26 Looted Antiquities to Greece in Cultural Repatriation Effort
According to ICE Deputy Director Charles Wall, the artifacts had been illegally removed and represent “priceless treasures” that rightfully belong to the Greek people.
Greece Introduces Mandatory Five-Year Planning and Annual Oversight for Water Utilities
The reform, led by the Regulatory Authority for Waste, Energy and Water, requires all water supply and sewerage providers to adopt structured long-term planning alongside stricter annual reporting.
Greece Aligns with EU Rules in Overhaul of Consumer Credit Market
Like all EU member states, Greece is required to align its legal framework with these updated standards, especially in response to growing concerns about household over-indebtedness.
Greece Clears Fast-Track Compensation for Victims of Tempi Train Disaster
The proposal was put forward by Finance Minister Kyriakos Pierrakakis and Deputy Infrastructure and Transport Minister Konstantinos Kyranakis.
Greece’s Waters Fill with Superyachts, but Public Coffers Stay Light
The country now attracts close to a quarter of global mega yacht traffic, a figure that underscores its appeal but also amplifies the strain on its coastal ecosystems.
Greece Channels Film Incentives Toward Foreign Productions in 2026 Plan
Authorities are introducing an additional €30 million pool financed through European Union structural funds for 2021–2027.
Trump’s Planned Ankara Visit Puts Eastern Mediterranean Tensions in Spotlight
Turkish officials are said to be investing significant diplomatic capital in the planned July 7–8 summit, where Trump is expected to meet President Recep Tayyip Erdoğan.
Election Calendar to Determine How Greece Deploys Budget Windfall
If voters head to the polls in late 2026, the government faces a tight fiscal bind.
Turkey Challenges Greek Fishing Maps, Calling Aegean Boundaries “Imaginary”
Turkey further asserts that any fishing restrictions imposed by Greece beyond its territorial waters of six nautical miles are invalid, especially in zones Ankara.
Greece Prepares New Support Package to Shield Households from Middle East Fallout
The measures have been prepared by the government’s economic team, drawing on additional fiscal space created by a stronger-than-expected budget performance.
Piraeus Bank Aims to Double Dividends as Profit Growth Accelerates
The plan hinges on steady underlying growth, with earnings per share projected to rise by roughly 10% annually.
London Court Weighs Greece’s Early Buyback of GDP-Linked Securities
The case, heard before Justice Bright, centers on GDP-linked warrants issued by Greece in 2012 as part of its sweeping debt restructuring.
Legal Fight Over Cyprus Casino Megaresort Set to Stretch Into 2027
At the center of the case is the sprawling City of Dreams Mediterranean, a casino resort in the coastal city of Limassol that opened in July 2023.
Onassis’s Christina O Returns to Market With €52 Million Price Tag
Seen from above today, often captured in the sweeping clarity of drone footage, the Christina O still cuts an imposing figure.
Kövesi’s Athens Visit Tests Greece’s Stance on EU Rule of Law
At the center of the controversy is Popi Papandreou, one of the EPPO’s delegated prosecutors in Athens.
Athens Exchange Rebranding Scrapped as Euronext Takes Control
The identity of ATHEXGROUP, introduced after a late-2024 overhaul by the Athens Exchange Group, lasted just 16 months and 10 days.
Tax Gaps Persist as Greece Targets Higher Compliance by 2029
Greece’s tax administration faces a significant distance to cover by 2029 if it is to meet its ambitious targets for improving tax compliance, with the latest data revealing a picture of both progress and persistent gaps.
Greece’s Housing Boom Continues, Pushing Prices Higher Across Major Cities
Compared with the first quarter of 2025, the average asking sale price for residential properties in Greece increased by 7.9%, while the average asking rental price rose by 4.2% nationwide.
Predator Scandal Haunts Mitsotakis as Greek Parliament Reignites Wiretapping Row
Under pressure over new allegations tied to the Predator spyware affair, Mitsotakis declined to offer substantive answers on the latest developments.
Greece Most Dependent in the EU on Gulf Energy Imports
Between 2023 and 2025, Greece imported an average of €19 billion, equivalent to about $20.5 billion.
Greece Emerges as Europe’s New Hotspot for Branded Luxury Residences
Greece now ranks among Europe’s five fastest-growing markets for branded residences homes attached to luxury hospitality or lifestyle brands.
Greek Growth Seen Slowing if Energy Crisis Deepens, Think Tank Warns
The Foundation for Economic and Industrial Research said Greece’s gross domestic product would expand by 1.4% in 2026.
Greece Bets on High-Risk Offshore Gas Hunt in Ionian Sea
The target, known as Asopos 1, lies in Block 2 off northwestern Greece and is estimated to contain up to 270 billion cubic meters of natural gas.
Fairfax’s Prem Watsa Hails Greece Bets as Firm’s Best-Ever Investments
Fairfax posted record net earnings of $4.8 billion in 2025, capping what Watsa described as a transformative period for the insurer and investment group.
Greece Emerges as Europe’s New Hotspot for Branded Luxury Residences
Greece now ranks among Europe’s five fastest-growing markets for branded residences—homes attached to luxury hospitality or lifestyle brands.
Greece Eyes New Aid Measures if Hormuz Crisis Deepens, Minister Says
Speaking from the headquarters of the International Monetary Fund in Washington, Pierrakakis downplayed the IMF’s revised forecast for Greek economic growth.
Pierrakakis Warns Energy Crisis Duration Will Shape Europe’s Economic Outlook
Pierrakakis said the European economic outlook is deteriorating, with growth forecasts being revised downward and inflation expectations moving higher.
Scandals Are Engulfing Greece’s Government as Pressure Mounts on Prime Minister Mitsotakis
At the center of the turmoil is a mounting sense that Mitsotakis has become politically captive to events.
Greek Government Backs Deputy Minister Amid Degree Row
Lazaridis has denied wrongdoing and insisted he was lawfully appointed under the looser rules governing political hires at the time.