#GREECE
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.
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.