#GREECE
One in Five Greeks Fails to Pay Taxes on Time, Despite Overall Compliance Holding Steady
Between January and April 2025, timely tax payments in Greece reached €10.99 billion.
Greece Mandates Disaster Insurance for Large Businesses Amid Climate Risks
The law applies broadly to businesses across all sectors, provided they meet the revenue threshold.
Greece Launches Secure System for Monitoring Illicit Financial Activity
Greece has unveiled a new digital platform designed to strengthen its fight against money laundering and terrorism financing. Developed by the Ministries of National Economy and Finance and Digital Governance, the platform will securely collect and analyze statistical data on financial crimes, enabling coordinated action among national authorities while protecting sensitive information.
Is Greece About to Repeat Its Energy Mistakes? The Risk Behind Rushed Storage Subsidies
The government faces a pivotal choice: invest wisely in tomorrow’s technologies or lock in yesterday’s solutions at great public expense.
Convicted Ex-Folli Follie Boss Stirs Controversy with Business Comeback
Less than two months after his release from prison, George Koutsolioutsos, the former CEO at the heart of the Folli Follie financial scandal, has stirred controversy by founding a new company with a provocative name—raising questions about his return to the business world while his appeal is still pending.
LEGO Establishes Direct Presence in Greece with New Subsidiary
LEGO, the renowned Danish multinational toy company, is expanding its operations in Greece with the launch of a new subsidiary, LEGO Hellas Single-Member S.A.
Christian Hadjiminas Raises €172.6 Million from Theon Share Sales in Just 84 Days
The first sale took place on March 12, 2025, when Hadjiminas raised €56.6 million by selling 3.2 million shares of Theon at €17.70 each.
GEK TERNA and GMR Group Deepen Strategic Partnership with New Venture in Crete
The strategic alliance between Indian infrastructure giant GMR Group and Greece’s GEK TERNA has entered a new phase with the establishment of GMR Airports Greece Single Member S.A..
Urban Gambling on the Rise as Greece Eyes New Casino Hubs
In recent years, Greece has experienced a sharp rise in gambling activity, both online and in physical venues.
Greek Government Mediates Basketball League Restart Amid Fierce Rivalry
Greece’s top basketball league will resume after a brief suspension, following government-led mediation between archrivals Panathinaikos and Olympiacos.
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.
Euroxx Initiates Coverage on Alter Ego Media with Strong Growth Outlook
Alter Ego Media, a prominent player in Greece’s media landscape, operates through the widely recognized MEGA television brand and maintains a strong presence in publishing.
UAE Tycoon Expands into Greece with New Data Center Company
Arab billionaire Hussain Sajwani, founder of the Damac Group, has launched a new company in Greece called Velora Data Centre S.A..
Judiciary Signals Preferences for Supreme Court Leadership in Landmark Vote
In a landmark vote held for the first time under a new provision, senior judges and prosecutors of Greece’s Supreme Court (Areios Pagos) have selected their preferred candidates for the institution’s top posts.
Generation Gap at the Ballot Box: How Older Voters Are Shaping Greece’s Political Future
A new poll by MRB for Open TV reveals a striking generational divide in Greek voting intentions, raising not only political questions but also deeper concerns about the country’s social cohesion.
Alexis Tsipras Warns of Greece's “Balkanization,” Blames Government for Worsening Brain Drain
Speaking at the “Brain Retain & Regain” conference in Athens on Tuesday, former Greek Prime Minister Alexis Tsipras warned of a gradual “Balkanization” of the country’s economy and social fabric over the past 15 years.
Evangelos Mytilineos Waives Salary for Five Years, Ties Compensation to Shareholder Returns
In a highly unusual move by European corporate standards, Evangelos Mytilineos, Chairman and CEO of the Greek industrial and energy group Metlen, announced that he will forgo all forms of salary and bonus for the next five years.
Greek Government Accused of Undermining Research While Praising It
While the Greek government touts its support for innovation and research, a very different story is playing out on the ground.
IMF: Greece Needs Structural Reforms to Catch Up with Europe
Greece must accelerate key structural reforms if it wants to close the gap with more advanced European economies, according to a new report by the International Monetary Fund.
Diplomatic Storm Brews Over Saint Catherine’s Monastery as Greece Scrambles to Respond to Egypt’s Surprise Move
A court decision in Egypt transferring ownership of lands surrounding the historic Saint Catherine’s Monastery to the Egyptian state has sparked a diplomatic crisis with Greece, drawing fierce backlash from church leaders and political parties in Athens and raising concerns over the future of one of Christianity’s oldest and most revered monastic sites.
Greece Eyes Expanded Naval Partnership with France in Belharra Frigate Deal
Greek Defense Minister Nikos Dendias will travel to Lorient, France, on June 4 to attend the launch of the FORMION F-603, the third Belharra-class frigate. His visit is expected to include the formal announcement of a fourth frigate order and possibly pave the way for domestic construction of additional warships, signaling a major boost in Greece’s defense manufacturing ambitions.
Piraeus Bank and Qualco Launch AI-Powered Credit Mediation Firm in Greece
Piraeus Bank and fintech firm Qualco have joined forces to establish ODS S.A., a new Greek company aiming to transform credit services through artificial intelligence and digital innovation, signaling a strategic push into the evolving field of digital credit intermediation.
Greece Sees Fewer New Businesses and More Bankruptcies in Early 2025
Greece recorded a drop in new business formations and a rise in bankruptcies during the first quarter of 2025, according to figures released today by the Hellenic Statistical Authority (ELSTAT).
Joseph Ackermann to Speak in Athens as Europe Reconsiders Its Future Amid Global Uncertainty
Joseph Ackermann, one of Europe’s most influential bankers and former CEO of Deutsche Bank, is set to headline a high-profile event in Athens this June.
Greece's Postal Banking Tradition Revived Through Alpha Bank and Hellenic Post Partnership
In a strategic move that harks back to one of Greece’s most trusted financial institutions, Alpha Bank and the Hellenic Post (ELTA) have joined forces to offer banking services through the country’s national postal network.
ND’s Karamanlis Probe Sparks Accusations of Cover-Up Over Deadly Train Crash
In a controversial move likely to intensify political tensions in Greece, the ruling New Democracy (ND) party has formally requested the creation of a parliamentary committee to conduct a preliminary investigation into former Transport Minister Kostas Karamanlis.
Greece’s Renewable Energy Sector Faces Financial Strain as Grid Failures Mount
Greece’s once-thriving renewable energy sector is facing mounting challenges that could jeopardize its future.
Greece Sets Up Interministerial Committee to Vet Foreign Investments for National Security
Greece is introducing a powerful new screening mechanism for foreign direct investments, aimed at protecting national security and public order.
Greek Police Boost Presence on Public Transport, Report Sharp Drop in Crime
Greek authorities have published on Monday the latest assessment of “ARIADNE,” an ongoing police operation aimed at strengthening security across the public transportation network in Athens.
Greece Cracks Down on Suspicious Property Deals as Authorities Target High-Value Sales
Greece’s Independent Authority for Public Revenue (AADE) is launching an extensive crackdown on suspicious real estate transactions amid a booming property market.
Athens Divided Over Turkey’s Potential Role in EU Defense Initiative
A political storm is brewing in Greece over the prospect of Turkey participating in a new European Union defense initiative, as tensions flare between the ruling government and the opposition PASOK party.