€46.9M VAT Carousel Fraud Uncovered by European Public Prosecutor in Greece
Greek authorities and the EPPO have cracked a €46.9M VAT carousel fraud ring spanning Greece, Bulgaria, Cyprus, and the Czech Republic.
Economy
PASOK pledges to restore 13th pension: “The money is there today”
PASOK spokesman Tsoukalas pledges to restore the 13th pension, insisting the €1.1bn cost is already covered by existing fiscal space.
Greece’s Tax Authority opens myPoint service center in Piraeus
Greece’s tax authority AADE opens its fourth myPoint service center in Piraeus, offering faster, modernized support for taxpayers and businesses.
Greece’s 3-year rent tax exemption: Extension and expansion on the table
Greece weighs extending its 3-year rental tax exemption for vacant and Airbnb properties amid a deepening housing crisis and soaring rent costs.
Greek supermarket sales hit €5.7B in H1 2026: NielsenIQ report
Greece’s supermarket sector hit €5.7B in H1 2026, with a 6.7% sales rise driven by volume growth, per NielsenIQ’s latest retail report.
Over Half of Greeks Gambled at Least Once in 2025, Annual Report Reveals
Over 54% of Greeks gambled in 2025, with €1.8B wagered on unlicensed platforms, according to the Hellenic Gaming Commission’s annual report.
UAE oil production surges 80% after OPEC exit, hits record 4.1 million barrels per day
The UAE’s oil output hit a record 4.1M barrels/day after leaving OPEC, surging 80% in June amid the US-Iran conflict.
IMF warning: European public debt could hit 130% of GDP by 2040
The IMF warns European public debt could hit 130% of GDP by 2040, urging governments to pursue deep reforms and rethink welfare state spending.
Oil prices surge past $79 as Strait of Hormuz crisis deepens
Oil prices surged over 4% as the Strait of Hormuz crisis escalated, with Brent topping $79 and WTI nearing $74 amid renewed US-Iran military strikes.
MRB Poll: Three in Four Greek Households Struggle to Make Ends Meet
A new MRB poll reveals 75% of Greek households can’t make ends meet, as anger over the cost of living reaches record highs.
OPEKA Child Benefit 2026: Over 497,000 approvals after third application round
OPEKA approved 497,753 Child Benefit applications in 2026’s third round. The platform reopens July 31 for new submissions and modifications.
Europe’s Jet Fuel Reserves Below 30 Days of Supply, Reuters Reports
Europe’s jet fuel reserves cover fewer than 30 days of supply, making it the world’s tightest major market amid growing Middle East tensions.