Six risks to Greek economy from Middle East crisis
Greek economy faces six major risks from Middle East crisis as oil prices threaten to hit $120 per barrel, potentially causing widespread inflation and higher costs.
Economy
Swiss franc loans: Solution through out-of-court mechanism
Greece’s Finance Ministry seeks comprehensive solution for 6 billion euros in Swiss franc loans affecting 20,000 borrowers through out-of-court mechanisms.
Greece tourism arrivals exceed 40.7 million in 2024 says SETE president
Greece’s tourism sector proves its resilience as international arrivals exceed 40.7 million in 2024, generating €21.7 billion in revenue and contributing 13% to GDP.
Audiovisual piracy costs Greek economy €400 million annually
New study reveals audiovisual piracy costs Greece €400 million annually, with 800,000 users accessing illegal content and 5,000 jobs lost to the shadow economy.
North Aegean Tourism Boom: Major 5-Star Hotel Investment Wave
North Aegean islands experience tourism investment boom with €500M in luxury hotel developments across Lemnos, Lesbos, Samos and Chios.
Housing Crisis Solution: Greece’s Plan to Release Thousands of Homes
Greece unveils ambitious housing plan to release 25,000 properties from servicers and build 30,000 new homes through public-private partnerships to tackle crisis.
Greece’s Accelerated Debt Reduction Plan: High Primary Surpluses and Early Repayments Through 2031
Strategic Milestones and Fiscal Performance Fuel Positive Outlook
Trump’s “Vertigo” Over China Tariffs: White House Contradicts President – Calls 80% Figure “Random”
Clarification of the Message White House Press Secretary Karoline Leavitt issued a clarification on Friday regarding President Donald Trump’s recent remarks about potentially reducing tariffs on Chinese imports, calling the 80% figure he cited simply…
IPTO Responds to Reports on Cable Route Change in Greece–Cyprus Interconnection Project
Clarification from the Operator Amid reports suggesting a potential change in the routing of the Greece–Cyprus–Israel electricity interconnection project, Greece’s Independent Power Transmission Operator (IPTO or ADMIE) issued a firm denial, refuting claims that the…
Greek Migration Ministry Responds to The Guardian: Claims of Mass Legalization of Migrants “Baseless and Misleading”
A recent article by The Guardian has sparked political controversy in Greece, portraying what it describes as a labor market crisis and linking it to alleged mass legalization of undocumented migrants. The Greek Ministry of…
Greece’s Digital Payments Revolution: Instant, Fee-Free Transactions via IRIS Coming This Fall
IRIS Payments Set to Transform In-Store and Online Transactions with QR Codes Starting November 2025, Greek consumers will be able to make instant, fee-free payments at all physical and online stores using IRIS Payments —…