#GREECE
Qualco Group Weighs New Investments as Past Bets Show Mixed Outcomes
Qualco Group’s management has told analysts on Monday that both capital expenditures and cash reserves are expected to remain steady in the second half of 2025, at similar levels to those recorded in the first six months of the year.
Defence Readiness Roadmap 2030: Europe’s New Strategy and the Stakes for Greece
The European Union is preparing to enter a new era of defence preparedness.
Unpaid Loans and Endless Refinancing: The Hidden Finances of Greece’s Political Class
The latest round of asset declarations by Greek politicians, published on Monday, once again exposed a recurring pattern: many elected officials continue to carry large, long-standing debts, often with sizeable unpaid balances that in several cases have been refinanced multiple times.
Labor’s Share of Greece’s GDP Shrinks to 35% in 2024, Down from 39% in 2019
Despite government promises of "growth for all", the reality is that labor is steadily losing ground to profits and operating surpluses.
Greece Faces Risk of Losing EU Farm Subsidy Payments Amid OPEKEPE Turmoil
Greece’s current proposal fails to address serious deficiencies and does not comply with EU law.
Europe’s Energy Integration Could Slash Greek Power Bills by Nearly a Quarter
Greece consistently ranks among those with the most expensive electricity in Europe.
Greece Stands Out in Europe for Heavy Reliance on Indirect Taxes
Despite imposing one of the highest standard VAT rates in Europe at 24 percent, Greece tempers the burden through reduced brackets.
Greek Government Plans Overhaul of Dormant Charitable Assets
The legislation targets some 2,000 foundations and 7,000 estates that have been left idle.
From Birth to 18: Greek Families Face €215,000 Bill to Raise a Child
Raising a child in Greece now costs an estimated €215,000 by the time they reach adulthood, according to new data that highlights the mounting financial pressures on families and sheds light on the country’s declining birth rate.
Pharmaceuticals Add €6.9 Billion to Greece’s GDP as Sector Expands Export Footprint
The Greek pharmaceutical industry is emerging as a key pillar of the country’s economy, contributing an estimated €6.9 billion to GDP in 2023, or around 3.1 percent of total output, according to new research by the Foundation for Economic and Industrial Research (IOBE).
Athens Hotels See a ‘Stagnant’ August Despite Marginal Gains
August brought only modest improvements for hotels in Athens and Attica, with the local hotel association warning that the sector risks slipping into “dangerous stagnation” unless deeper reforms are made to ensure fair competition.
Paulson-Linked Greek Company Sees ‘Strategic’ Investment Wiped Out by 99.99996%
EYDAP, the Athens water utility, today owns just five shares in CrediaBank, the successor of Attica Bank.
Greece’s Families Strain Under Rising Costs as Tax Relief Lags Behind
At the 2025 Thessaloniki International Fair, the Greek government unveiled a broad package of tax reforms aimed at easing pressure on the middle class and strengthening support for families.
Greek Prime Minister’s New York Agenda Dominated by Meeting with Erdogan
Prime Minister Kyriakos Mitsotakis is heading into an intensive round of diplomacy in New York, where he is taking part in the High-Level Week of the 80th United Nations General Assembly
Goodwill of €1.53 Billion Puts Spotlight on Intralot’s Bally’s Integration
Intralot has published its unaudited pro forma financial results following the acquisition of Bally’s Holdings Limited, presenting a stronger revenue profile but also signaling risks and challenges ahead.
Karystianou Denies Plans to Launch Political Party Amid Media Speculation
Karystianou accused “servile trolls” and “yellow journalists” of spreading falsehoods to distract from society’s real problems.
Maritime Industry Raises Red Flags Over IMO’s Net Zero Blueprint
The battle over the future of shipping fuels is heating up as October approaches, when the International Maritime Organization (IMO) is due to vote on the adoption of its Net Zero Framework (NZF).
Tourism Fuels Record Revenues for Greece
Greece’s tourism sector delivered record revenues in the first seven months of 2025, with the Bank of Greece reporting that total travel receipts climbed to €18.4 billion, driven by higher arrivals and increased spending per trip.
Greece Delays Property Value Revision, Widening Market Gap
The Greek government has decided to postpone until 2028 the long-awaited revision of property tax values, a move that preserves deep distortions in the country’s real estate market.
Missed Option Deadline Drives Up Cost of Greece’s Fourth Belharra Frigate
The Greek government is preparing to defend itself in Parliament against opposition criticism over the delayed purchase of a fourth French-made Belharra frigate, which is to be named Themistocles.
A “French-Style” 2% Tax on Greek Billionaires: How Much Could It Raise?
In France, a fierce political debate has erupted over a proposal to impose a 2% levy on fortunes exceeding €100 million.
Greece on the Global Catwalk of Luxury Tourism
Haute couture has long dominated the world’s catwalks, but in recent years it has found a new stage: the luxury hotel and resort sector.
Greece Bets on AI and Automation in Landmark Tax Administration Reform
Tax returns will be pre-filled automatically with existing data, while taxpayers will receive personalized reminders and guidance.
Greece Rolls Out Data Platform to Strengthen Anti-Money Laundering Controls
A new digital platform designed to combat money laundering and the financing of terrorism has been unveiled in Greece, marking a significant step in the country’s efforts to modernize financial oversight.
Brussels to Scrutinize Greece’s 2026 Budget and Surplus Targets
The European Commission is preparing to put Greece’s finances under the microscope at the end of the month, with a focus on the 2026 budget, the closing figures for 2025, and the near-complete rollout of the EU’s Recovery Fund.
Greek Trade Union Calls Nationwide Strike Over 13-Hour Workday Plan
Greece’s largest trade union has called a nationwide 24-hour strike for Wednesday, October 1, in protest against government labor reforms that it says threaten workers’ rights and well-being.
Greece Races Toward a Digital Tax and Customs Overhaul by 2026
Greece is preparing for a major digital transformation of its tax and customs administration, with sweeping changes expected to be completed by 2026.
How Greece’s Housing Market Jumped 61% Since 2019
Between early 2019 and mid-2025, apartment prices in Greece soared by a cumulative 61.3 percent in nominal terms, according to official data from the Bank of Greece.
Trial Over Greek Surveillance Scandal to Test Mitsotakis Government
Greece’s most significant political scandal in years is set to return to center stage as the trial over the country’s wiretapping affair opens on 24 September, putting fresh pressure on Prime Minister Kyriakos Mitsotakis and his government.
Greece Leads Europe in Unmet Healthcare Needs
Greece records the highest rate of unmet healthcare needs in the European Union, according to Eurostat.