#GREECE
Half of Greeks Can't Afford Unexpected Expenses Despite Economic Recovery
By 2022, the proportion of Greeks unable to meet unexpected expenses had fallen to 43.6%, before rising again.
Greece’s Unpaid Tax and Social Security Debts Hit €165 Billion, Audit Finds
Of the outstanding tax debt, €35.03 billion has already been classified as uncollectible.
Greece Ranks Near Bottom of EU in Judicial Performance as Court Delays Persist
Greece scored 34.8 out of 100, substantially below the EU average of 52.5, outperforming only Cyprus, which scored 24.2.
Greek University Researchers Push for Academic Promotion Rights
At issue are two categories of university employees: Laboratory Teaching Staff and Special Educational Staff.
Dutch Discount Retailer Action Prepares Greek Market Entry, Challenging Jumbo
Action's planned arrival could present a competitive challenge to Jumbo, one of Greece's best-known discount-oriented retailers, led by businessman Apostolos Vakakis.
Fortress-Backed Castlegate Strengthens Balance Sheet in Greece
Castlegate plans to convert €266,702 of outstanding shareholder debt into equity, with the obligation valued at €250,000.
Greece Expects 43% Surge in Revithoussa LNG Terminal Activity in 2027
DESFA forecasts that LNG regasification volumes will rise to 35.18 billion kilowatt-hours.
Greece’s Building Boom Has a Corruption Problem. Going Digital Hasn’t Fixed It
Similar cases have emerged in Rhodes and other popular destinations.
France’s Role in Greece-Cyprus Power Cable Sparks Political Storm in Athens
The diplomatic note reportedly specified that the notification did not constitute recognition of Turkish jurisdiction over the waters involved.
Greece Offers Private-Equity Titans a Tax Deal London Can’t Match
The timing could hardly be better for Athens.
Greek Banks’ Billion-Euro Profits Revive Debate Over Tax Breaks
Banks also continue to offset taxable profits against losses accumulated during the financial crisis, reducing their current corporate income-tax payments.
Greece Seeks Eurogroup Backing to Ease Energy Bills Without Breaching EU Fiscal Rules
Greece's preferred outcome would allow the government to reallocate €400 million from an approved energy-security investment program to direct assistance for consumers and businesses.
More Than One in Four Greeks Face Poverty or Social Exclusion
The proportion of Greeks experiencing material and social deprivation rose to 14.9% in 2025, compared with 13.5% in 2023.
Energy Prices Surge in Greece, Squeezing Households and Businesses
International energy markets offer little immediate reassurance.
EU Accuses Turkey of Obstructing Greece-Cyprus Energy Project, Warns of Democratic Backsliding
Brussels said the agreement violated the sovereign rights of third countries, conflicted with international maritime law and could not produce legal consequences for other states.
U.S. LNG Push Into Europe Intensifies as Greece and Turkey Compete for Gas Routes
The gas will supply Greece and other European markets through the Vertical Gas Corridor, a network of infrastructure designed to transport gas northward from Greece into southeastern and central Europe, reducing the region’s dependence on Russian supplies.
Greece’s PPC in Talks With U.S. Development Finance Agency Over Major Energy Projects
In Romania, PPC is seeking financing to upgrade electricity distribution infrastructure, install smart meters and expand digital grid capabilities.
Greek Charity Accused of Diverting Millions Raised for Sick Children to Luxury Spending
The investigation gained momentum after a mother complained that approximately €300,000 raised for her child's cancer treatment had not been delivered as promised.
French Survey Vessel Awaits Green Light for Greece-Cyprus Power Link
The vessel submitted its request on Oct. 8, but more than three weeks later, approval remains pending. Such authorizations are typically processed within approximately 15 days.
Greece Tightens Rules on Consumer Credit and Loan Brokers
The measures target an increasingly important segment of consumer finance: transactions in which retailers allow customers to pay in installments without relying on traditional bank financing.
Greek Unemployment Falls to 7.6%, but Working Retirees Complicate the Picture
Unemployment across the 27-member bloc rose to 6.2% from 6%, while the eurozone rate increased to 6.5% from 6.3%.
Greece’s Tax Burden Exceeds EU Average, Reaching 41.3% of GDP in 2025
The figure was 0.6 percentage point above the EU average of 40.7%, ranking Greece ninth among the bloc's 27 member states.
Greece to Open Beneficial Ownership Registry to Journalists, Researchers and NGOs
The legislation implements provisions of the European Union's anti-money-laundering directive, adopted in 2024, and seeks to make it easier to identify individuals operating behind complex corporate arrangements.
Greece Marks 86 Years Since Historic ‘No’ to Mussolini’s Ultimatum
The anniversary remains a powerful symbol of national independence and collective resilience, reflecting Greece's enduring attachment to the events that shaped its role in World War II.
Greece Issues Red Alert for Severe Storms Ahead of National Holiday
The alert comes ahead of Wednesday's Oct. 28 national holiday, known as Ohi Day, which commemorates Greece's rejection of an Italian ultimatum in 1940 during World War II
Greece, Regional Allies and EU Reject Turkey-Libya Maritime Deal as Invalid
The Turkey-Libya aggrement «remains null and void».
U.S. Calls Turkey-Libya Maritime Deal Provocative, Reaffirming Position Amid Greek Concerns
The State Department also emphasized that Greece and Turkey are NATO allies and encouraged bilateral discussions to address their disagreements.
Greek Tourism Generates Up to €86 Billion but Faces Growing Threats to Growth
A major challenge is the concentration of tourism activity in relatively few destinations.
Greece Faces Retirement Crisis as Aging Population and Shrinking Workforce Strain Economy
Changing family structures are compounding the challenge. Single-person households increased 32% between 2011 and 2021, while divorces totaled 15,853 in 2025.
Rising Energy Costs Put Greek Households Under Pressure as Subsidy Decisions Loom
Diesel used for transportation receives a subsidy of 20 cents per liter, while government support for unleaded gasoline is limited to 10 cents.
Greece Cracks Down on Electricity Theft With Steep Charges
For homes with single-phase electricity connections, additional charges start at €294.54 and rise to €407.07 if meter replacement is required.