Greece needs urgent transition to new production model, says AACCI
Greek business leaders urge government to transition to new production model focused on industrial growth, innovation, and high value-added exports.
Economy
Greek tourism revenue soars 11% as Americans become top spenders
Greek tourism revenue jumps 11% in 2025 as Americans lead with €1,015 average spending per trip, while Germans and British remain key markets.
Seasonal benefit 2025: How to apply – Who qualifies
Greece launches seasonal benefit 2025 platform offering up to €1,375 for seasonal workers. Applications open until November 30 through gov.gr or KEP centers.
Petalas: Development minister requests repeat of price cuts on 1,000 basic products
Greek supermarket union chief reveals minister’s plan to expand price reduction initiative to 1,000 basic products, claiming Greece has cheaper shopping baskets.
Greece’s debt settlement mechanism surges 18.5% in August
Greece’s debt settlement mechanism achieves 18.5% surge in August with 1,231 settlements worth €317 million, marking historic progress in financial recovery.
EFKA records revenue surge in 2025: surplus exceeds €1 billion
Greece’s EFKA social security fund reports record revenue surge with surplus exceeding €1 billion in 2025, driven by increased contributions from overtime work.
Chevron gives Greece strategic advantage over Turkey and Libya
Chevron’s arrival in Greece marks a geopolitical shift, giving the country strategic leverage over Turkey and Libya in Eastern Mediterranean energy disputes.
Government overdue debts: €3.5 billion state arrears choke the market
Government owes €3.54 billion to suppliers, pensioners and taxpayers as hospitals, social security funds and municipalities accumulate mounting debts.
Recovery Fund: Banks race against time to meet loan targets
Greek banks race to meet 700M euro Recovery Fund loan target by September, facing bigger 2.5B euro challenge ahead as program implementation slows significantly.
Greece announces early debt repayment of €5.3 billion
Greece announces €5.3 billion early debt repayment strategy, reducing public debt to lowest level since 2012 while strengthening cash reserves.
Greece seasonal worker benefit applications open for 2025 – DYPA
Greece opens applications for 2025 seasonal worker benefits ranging from €687-€1,375. Online submissions start September 10 through gov.gr platform.
Greece inflation drops to 2.9% in August amid rising food costs
Greece’s inflation rate fell to 2.9% in August from 3.1% in July, but households still face pressure from rising food and rent costs affecting daily budgets.