#ECONOMY
Long Hours, Low Returns: The Structural Paradox of Greece’s Labor Market
Workers in Greece are employed for almost 40 hours per week, productivity reaches only about 60% of the European average.
Greece’s Shadow Economy Still Looms Large Despite Digital Tax Reform Plans
Tax evasion remains a structural problem for the Greek economy.
Brussels Warns Greece Over Widening VAT Gap and Costly Tax Breaks
The most striking concern is the country’s “VAT policy gap,” which in 2023 surged to 57 percent of potential ideal revenue—roughly €29 billion.
Pierrakakis’ Challenge: Building Consensus for Europe’s Next Economic Chapter
His priorities include improving macroeconomic coordination, making more effective use of Europe’s financing instruments, and promoting investment in sectors deemed strategically vital.
Eurozone Ministers Set to Choose New Eurogroup Chief Amid Tight Two-Way Race
The voting process will begin halfway through the meeting, following discussions on member-state budgets and the IMF’s assessment of the eurozone economy.
Greece’s Hotel Industry Sounds Alarm: Success “Not Guaranteed” as Global Pressures Mount
Speaking at the Chamber’s 13th General Assembly at the Metropolitan Expo in Athens, held alongside the XENIA tourism fair, Vassilikos said that the years of strong performance following the pandemic should not lull the industry into a false sense of security.
Greece’s Economic Divide Widens as Attica Pulls Away from the Rest
Between January and June 2025, total bank deposits in the Attica region rose by €1.57 billion - a surge driven almost entirely by the Regional Unit of Athens, which alone added €1.584 billion.
The Economic Abyss of the German Occupation: How Nazi Rule Devastated Greece’s Economy
The exploitation was formalized in March 1942 through what became known as the Occupation Loan, an agreement imposed by Germany and Italy on the Greek government.
Can Greek Investors Turn $25,000 into $133 Million? Inside Aeon’s Nasdaq Ambition
The proceeds—amounting to $250 million if fully subscribed—will be placed in a U.S. trust account managed by Odyssey Transfer and Trust Company.
Greece Borrows Cheaply, but Fragility Lingers
Greece is regarded as a reliable borrower, its fiscal position is steadily improving, and international markets are buying its debt without hesitation.
Greece’s Demographic Time Bomb: Fewer Births, More Deaths, and an Economy Under Strain
Since 2010, deaths have consistently outpaced births, with the gap widening each year.
ILO Report Finds Greece Among Europe’s Most Unequal Economies
Greece, though classified as a high-income country, continues to grapple with profound economic and social inequalities, according to the International Labour Organization’s latest Social Justice Outlook.
Hybrids and Small Cars Emerge as Winners in Greece’s New Tax Regime
A new Toyota Corolla Hybrid, which until now carried a tax burden of €7,600, will be reassessed at just €2,000 — a reduction of nearly 74 percent.
Greek Draft Law Expands Role of Deposit Guarantee Fund in Bank Resolutions
Under the new framework, if the Bank of Greece later determines that such a gap exists, TEKE will be required to cover it.
Saving in the Shadow of Uncertainty – What Greece’s Bank Deposits Are Telling Us
Household savings rose by 2.61% compared to June 2024, totaling €149.6 billion.
Greece Mandates New Reporting Rules for Investment Funds Starting December 2025
The data collection will cover key financial indicators such as asset holdings, investment and lending activity, liabilities, returns on investments, and payments made to fund managers and shareholders.
A Two-Speed Greece: Regional Inequality Widens Despite Economic Growth
Greece is experiencing a growing divide within its borders, as economic development continues to benefit some regions while leaving others increasingly behind.
Middle East Crisis Creates Economic Uncertainty for Greece
As tensions escalate in the Middle East and fears of a broader military confrontation grow, the geopolitical volatility is beginning to strain the economic systems of smaller and more vulnerable nation.
Greek Banks Highlight Growth Plans at Goldman Sachs Conference
Goldman Sachs reaffirmed its bullish outlook on three of the four Greek banks, maintaining “Buy” ratings on Piraeus Bank, NBG, and Alpha Bank, while assigning a “Neutral” rating to Eurobank.
European Metal Industry Sounds the Alarm: CEOs Call on EU to Avert Deindustrialisation
The CEOs warn that Europe’s industrial competitiveness is being sacrificed in the name of decarbonisation efforts that lack the necessary supporting measures.
Greece faces rising tax arrears, collections lag behind
Since the beginning of the year, taxpayers in Greece have accumulated an additional €3.19 billion in unpaid taxes.
Greece’s Reform Plan Sets Positive Course, Says European Commission
Favorable assessment of Greece’s updated Medium-Term Fiscal and Structural Plan for 2025–2028.
Greece Takes Legal Action in UK Court Over GDP-Linked Bonds
This legal move comes after several bondholders—specifically three investment funds and a bank—challenged the notification Greece issued on April 4 to exercise its call option.
Greece to halt criminal charges for debtors complying with payment plans
The proposed changes would suspend criminal charges for any debtor whose debt is under a formal collection freeze.
Greece grants major tax relief to freight forwarders with retroactive VAT exemption
The newly tabled amendment grants a retroactive value-added tax (VAT) exemption covering a full decade for auxiliary services provided by licensed freight forwarders in Greece to airline companies.
Fuel prices in Greece drop significantly ahead of Easter travel
The average retail price for 95-octane unleaded petrol has dropped to €1.785 per liter, from €1.976 last Easter in Greece.
Greece’s Economic Policy Hits Repeat: Familiar Promises, Little Delivery
This latest unveiling was presented with confidence and ceremony, echoing the language of change and ambition.
Trade Tensions Rise: What the EU’s Dilemma Means for Greece’s Economy
The escalating tensions between Brussels and Washington are forcing EU member states to prepare for a range of economic and geopolitical outcomes.
Greece’s Road to Recovery: Investment Alone Won’t Rebuild a Fragile Economy
The report outlines two projections for how long it might take Greece to return to its pre-crisis capital stock levels
Greek Economy Saw 2.3% Growth in 2024, GDP at €201.5 Billion
Greece’s economy grew by 2.3% in 2024, with its Gross Domestic Product (GDP) reaching €201.5 billion, according to an initial estimate released by the Hellenic Statistical Authority (ELSTAT). The figure reflects an increase from €197.0 billion in 2023, driven by changes in key GDP components.
New Bill Introduces Major Reforms to Debt Management and Borrower Protection Framework
The legislation includes a provision for the restructuring of loans that have been guaranteed by the Greek state.