Yiannis Stournaras: Bank of Greece independence ensures stability
Bank of Greece Governor emphasizes central bank independence as key to economic stability, citing lessons from economist Xenophon Zolotas’ legacy.
Economy
Greece bans wind farms in Attica, Thessaloniki and mountains above 1,200m
Greece introduces major restrictions on renewable energy projects, banning wind farms in key metropolitan areas and mountains over 1,200m altitude under new legislation.
Fuel prices: Gasoline exceeds €2.10 in Athens region
Gasoline prices in Athens exceed €2.10 as Middle East tensions drive fuel costs higher, with industry experts warning high prices may persist through summer.
Iran conflict costs hit $25 billion as Europe faces energy crisis
Iran conflict’s $25 billion economic toll hits global businesses as oil prices surge past $100/barrel, forcing airlines, automakers to cut costs and raise prices.
EU Commission approves €405 million Greek aid for energy-intensive companies
EU Commission approves €405M Greek state aid program to reduce electricity costs for energy-intensive industries, protecting competitiveness while promoting green transition.
Greece introduces stricter tourism rules to combat overtourism
Greece implements stricter tourism development rules targeting overtourism hotspots like Mykonos and Santorini, introducing construction limits and Airbnb restrictions.
Karakatsi: AKTOR LNG agreement crucial for Albania’s energy security
Albania’s Energy Minister highlights AKTOR’s strategic LNG agreement, marking a crucial step for the country’s energy security and Southeast Europe connectivity.
Bank of Greece: €1.013 billion cash surplus in first four months of 2026
Greece reports €1.013 billion budget surplus for first four months of 2026, with revenues reaching €22.451 billion according to Bank of Greece data.
AADE maps out debtors: How the new PARE system will work for tax debts
Greece’s tax authority AADE launches new PARE system to identify which taxpayers can pay debts versus those genuinely unable, using AI and big data analysis.
Balkan energy alliance emerges around Vertical Corridor project
Greece leads new Balkan energy alliance with Serbia, Bulgaria, and North Macedonia to establish American LNG transport network via Vertical Corridor project.
UAE: “OPEC exit had no political motives,” says Energy Minister
UAE Energy Minister clarifies that the country’s historic exit from OPEC after six decades was a strategic economic decision, not politically motivated.
IMF praises Greece’s tax reform as model for other countries
IMF report praises Greece’s remarkable economic turnaround, highlighting how tax administration reforms transformed the country from Europe’s cautionary tale