Commission allows escape clause for energy security investments up to 0.3% of GDP annually
EU Commission extends escape clause allowing member states to invest up to 0.3% of GDP annually in energy security projects to reduce fossil fuel dependence.
Economy
Brexit impact: Greece-UK trade balance shifts dramatically post-2021
Greece’s trade balance with the UK shifted from deficit to surplus after Brexit, with exports rising dramatically while imports declined significantly post-2021.
Vangelis Marinakis: Better $200K transit fees than closed Strait of Hormuz
Greek shipping magnate Vangelis Marinakis says $200K transit fees through Strait of Hormuz better than closure, prioritizing crew safety over profits.
Shein fined €22 million by France for order and return violations
France fines Shein €22 million for order and return violations. The Chinese fast-fashion giant calls penalty disproportionate and plans legal action.
New government benefit package: Support measures for vulnerable families
Greece unveils €800M support package with child benefits, pension increases, rent subsidies and debt relief measures for families and vulnerable groups.
Posidonia 2026: Strait of Hormuz and energy security at 10th Capital Link Maritime Leaders Summit
Major shipping leaders discuss energy security, Strait of Hormuz crisis, and shadow fleet challenges at Posidonia 2026 maritime summit in Athens.
5 key moves to tackle Greece’s €240bn red private debt crisis
Greece launches 5 major debt relief measures targeting €240bn private debt crisis, including 72-installment plans and primary residence protection.
Greece plays the energy card: Chevron and ExxonMobil reshape Eastern Mediterranean power balance
Greece leverages energy partnerships with Chevron and ExxonMobil to reshape Eastern Mediterranean geopolitics amid rising tensions with Turkey.
Marinakis calls for end to Middle East war at maritime summit
Shipping magnate Evangelos Marinakis calls for immediate end to Middle East conflicts at maritime summit, emphasizing strategic energy partnerships.
Retroactive payments for 345,000 pensioners: New payment cycle begins
New six-month cycle of retroactive payments for 345,000 pensioners begins in June. Five categories will receive payments through 2026 following system integration.
Elefsina port tender begins in June with strategic economic impact
Greece’s strategic Elefsina port tender launches in June, promising major economic transformation through energy, shipping and logistics development.
New home renovation program brings higher subsidies for more Greeks
Greece launches new home renovation program with €36,000 subsidies and 90% cost coverage to address housing crisis by opening thousands of closed homes.