#GREECE
Hundreds of Small Earthquakes Shake Santorini – Scientists Monitor Seismic Trends
A surge in seismic activity has been recorded in the Aegean Sea, particularly in the area between the Greek islands of Santorini and Amorgos, with over 200 tremors occurring over the weekend.
Greek Court Case on Public Sector Wages Raises IMF Concerns
Despite assurances from the Greek government that it has no plans to reinstate the 13th and 14th salaries for public sector employees, a legal challenge by Greece’s public sector union, ADEDY, set for June, has drawn the attention of the International Monetary Fund (IMF). The case seeks to restore holiday bonuses that were cut during Greece’s financial crisis and bailout programs.
Piraeus Bank Confirms Interest in Ethniki Insurance as CVC Plans Exit
If Piraeus Bank proceeds with the acquisition, it would mark a significant development in the Greek financial sector.
Greece and Saudi Arabia Push Forward on Green Energy Corridor to Europe
Greece and Saudi Arabia are accelerating plans to create a green energy corridor that will transport renewable electricity from Riyadh to Europe via Greece.
IMF Cautions Greece on Structural Weaknesses Despite Economic Gains
Greece’s economic outlook remains strong in the near term, with real GDP continuing its robust expansion, according to a preliminary assessment by the International Monetary Fund (IMF).
Inspired Education Group Strengthens Its Hold on Greek Private Schools Moraitis and CGS
Inspired Education Group, the global private education giant led by Lebanese-British entrepreneur and investment banker Nadim M. Nsouli, is making strategic moves to consolidate its presence in Greece.
Greece Struggles with Low Enrollment in Early Childhood Education
Greece and Spain have experienced the steepest declines, with their populations of children aged 0–5 years.
Kostis Hatzidakis Outlines New Priorities for Greece’s Economy
The Greek government is signaling a new economic focus, emphasizing investments, exports, market competition, and overall competitiveness.
Greece Tops EU Charts in Pessimism, Eurofound Survey Finds
The report highlights an urgent need for structural reforms to address economic instability, social inequalities, and transparency in governance.
Mass Protests Over Greece's Deadly Train Tragedy Spark Political Reckoning
The demonstrations, marked by grief and anger, were held in public squares and streets nationwide, as citizens rallied for justice and answers.
PureHealth Makes $1.38 Billion Move into Greek Healthcare Sector
Headquartered in Abu Dhabi, PureHealth is 43.93% owned by the Abu Dhabi sovereign wealth fund ADQ and boasts a robust network of 114 hospitals, 316 clinics, and 145 diagnostic centers across five countries, supported by 63,000 professionals.
Greece’s Tax Structure: A Heavy Burden on Low-Income Households
In 2024, Greece collected €68.787 billion in total tax revenue, a €1.885 billion increase compared to €66.902 billion in 2023.
Greece’s Wiretapping Scandal Trial Scheduled for March 5, 2025
At the center of the controversy is the alleged use of the advanced Predator spyware in a sweeping surveillance operation that targeted politicians, journalists, and prominent business figures.
Greece’s Weather Stations Are Evolving to Meet Modern Challenges
Over the next 17 months, the HNMS will gain access to 30 state-of-the-art automatic weather stations, marking a significant leap forward in Greece's meteorological capabilities.
The Growing Rental Market Crisis Shaping Greece’s 2025 Housing Landscape
Rental prices have surged dramatically in recent years.
New Compliance Leadership at Greece's Top Financial Institution
Under Kasapaki’s oversight, cash collateral from non-performing loan borrowers was improperly used to purchase shares in the capital increase, a violation that drew scrutiny from regulators.
Greece Accelerates Energy Transmission Projects to Boost Renewable Energy Growth
The proposed legislation introduces measures to expedite critical infrastructure projects.
Greek Society's Unyielding Demand for Justice Over Tempi Tragedy Puts Suffocating Pressure on Government and Judiciary
Hundreds of thousands of citizens, moved by shared grief and indignation, answered the call of victims’ families to take to the streets.
Backlash Grows Over Greece’s Proposed Ban on Fuel Sales to Helmetless Riders
A new regulation proposed by the Greek government has sparked significant reactions, aiming to prohibit the sale of fuel to motorcyclists who are not wearing helmets.
Labor Shortages Challenge Greek Agriculture: New Initiatives Target Migrant Workforce
The Greek government is embarking on a sweeping reform of its residence permit system for migrant workers to tackle severe labor shortages and boost economic growth.
Greece’s Regional Cities See Real Estate Boom from Golden Visa Buyers
A new trend is reshaping Greece’s property market as third-country nationals seeking residency through the "Golden Visa" program begin to shift their focus to regional areas.
Winners and Losers: Who the Council of State's Verdict on the New Building Code Affects
The Council of State, Greece's highest administrative court, has ruled that a key incentive system under the New Building Code (NOK) is unconstitutional.
Greek Supreme Court Landmark Decision on New Building Regulation Controversy
Greece’s Supreme Administrative Court, the Council of State (StE), is expected to issue a critical ruling on Friday, January 24, regarding controversial "construction bonuses" included in the country’s New Building Regulation (NOK).
Trump, Trade, and Tourism: External Factors Shaping Greece’s 2025 Growth Path
The Foundation for Economic and Industrial Research (IOBE), a leading Greek economic think tank, has released its latest quarterly report on Thursday, projecting a 2.4% growth rate for Greece’s economy in 2025.
Protests Over Greece’s Deadly Train Collision Demand Transparency and Accountability
The Association of Relatives of Tempi Victims has announced a protest outside Greece’s Parliament this Sunday, January 26, calling for a full investigation into a catastrophic train collision on February 28, 2023, that resulted in 57 deaths.
Stricter Penalties Fail to Curb Crime in Greece, Raising Questions About Effectiveness
Despite implementing harsher criminal penalties, Greece has seen little impact on reducing crime rates, particularly homicides, according to data from the Hellenic Police (ELAS) spanning 1991 to 2021.
Greece's Hidden Pension Debt Threatens Economic Stability
Greece faces a significant challenge with its pension system, as highlighted in a recent study by the Center for Liberal Studies (KEFiM). The study estimates Greece's "hidden" pension debt at an alarming 409% of its GDP. This debt arises from pension obligations to workers in both the public and private sectors, obligations that are not accounted for in the Maastricht debt criterion used across the European Union.
Metron Analysis Poll Shows Mitsotakis Approval Plummeting Amid Rising Public Discontent
Public discontent with the Greek government and Prime Minister Kyriakos Mitsotakis has surged in January, wiping out the modest gains in approval seen just a month ago.
Greek Tax Authorities Crack Down on Influencers’ Tax Compliance Amid Growing Concerns
The Greek tax administration has turned its focus toward influencers, a modern profession that has increasingly been linked to instances of tax evasion.
European Court of Human Rights Rules Against Greece for Denying Fair Trial to the Church of Greece
The European Court of Human Rights (ECHR) has ruled that Greece violated the Church of Greece’s right to a fair trial by imposing procedural requirements that effectively denied the Church access to justice.
These Are The Trends That Will Dominate The Holiday Home Market In 2025
The result is a shift towards other areas that are less crowded and more affordable, which not only offer equivalent natural beauty, but also offer authenticity and, of course, privacy. This is a strategic advantage of the Greek holiday home market compared to other competitive Southern European markets, which are oversaturated.