Greek banks hit liquidity peak as deposits surge past €200bn
Greek banks reach peak liquidity with deposits soaring to 15-year highs above €200bn. Strong capital reserves enable growth and shareholder distributions.
Economy
Rising inflation “gallops ahead” as experts warn of further price hikes this fall
Greek consumers face mounting inflation pressure as fruit prices surge 19.3% year-over-year, with experts warning of further price hikes this fall across food sectors.
Greece achieves record primary surplus for second year running
Greece records mammoth primary surplus of 7.96 billion euros in seven months, nearly triple the annual target, driven by soaring tax revenues and electronic transactions.
Greek retirement surge: Record applications in 2025-2026 ahead of age limits rise
Greece faces record retirement applications in 2025-2026 as workers rush to retire before potential age limit increases and benefit from new pension calculations.
AADE continues Operation “Summer” – Three-day crackdown on tax evasion
Greek tax authority AADE intensifies summer crackdowns on tax evasion across popular tourist destinations, catching numerous businesses avoiding taxes.
Greek average salary to reach €1,650 by 2027 with raises for 500k workers
Greek salaries set to reach €1,650 by 2027 as 500,000 workers prepare for significant wage increases of up to 30%, boosting purchasing power nationwide.
Greece launches €500M treasury bill auction on August 20
Greece announces €500M treasury bill auction for August 20, offering 26-week securities to institutional and private investors through competitive bidding process.
Antetokounmpo brothers’ golden business empire: Real estate to tech investments
Giannis Antetokounmpo expands his business empire with investments in real estate, tech, healthcare, and sports, building a diverse portfolio worth millions.
Pension backpay from €1,200 to €12,500 for 130,000 retirees
Major pension backpay packages worth €1,200-€12,500 will benefit 130,000 Greek retirees starting in August, covering bank employees, military personnel.
Greek tax authority hits Santorini cruise boats with €14,140 fines
Greek tax inspectors launched surprise raids on Santorini cruise boats, finding violations in 43% of vessels and imposing €14,140 in fines for tax evasion.
ATM fees abolished: Free cash withdrawals start Monday in Greece
Greece abolishes ATM fees starting Monday, making cash withdrawals free from all Greek banks with €1.50 cap on third-party machines nationwide.
Greek tourism hits peak: Overtourism and short-term rentals threaten future growth
Greek tourism faces crisis as overtourism and short-term rentals threaten sustainability despite record revenues reaching €4.3M in early 2025.