Heavy fines for businesses without IRIS: Deadline until November 1st
Greece mandates IRIS payment system for all businesses by November 1st, with heavy fines up to 20,000 euros for non-compliance. Digital payment revolution begins.
Economy
Greeks find coffee “bitter” as price hikes reduce consumption
Rising coffee prices in Greece transform daily pleasure into luxury as freddo espresso exceeds €4, forcing consumers to reduce consumption or switch to home brewing.
Heating allowance 2025-2026: Who gets up to €1,200 and when
Greece’s heating allowance for 2025-2026 offers up to €1,200 to eligible households. Applications open in November with payments before Christmas.
Rent refund: When you’ll see the money in your accounts
Greece’s automatic rent refund program delivers up to €800 annually to over one million tenants in late November, providing crucial financial relief.
Greece’s €2.6 billion budget surplus: Who wins and loses in 2026
Greece’s 2026 budget projects €2.6 billion in additional tax revenues from economic growth, with VAT and corporate taxes leading gains while property taxes decline.
Rare whisky auction fever: bottles reach €115,000 at Sotheby’s
Rare whisky investment frenzy hits Sotheby’s Edinburgh auction with bottles reaching €115,000. Japanese-inspired Kandoblanc and 60-year Glenlivet lead bidding wars.
Heating allowance 2025: MyHeating platform opens soon – Price forecasts for new heating season
Greece’s heating allowance platform opens soon with oil prices forecast at €1.11-€1.12/liter. VAT cuts coming to 19 Aegean islands in 2026.
Athens property prices soar: Even working-class neighborhoods now unaffordable
Athens property prices surge dramatically in Q3 2025, with working-class neighborhoods seeing increases up to 27.4%, making housing unaffordable for families.
Heating allowance: When platform opens and eligibility criteria
Greece’s heating allowance platform opens in November 2025. Learn income limits, eligible fuels, and payment schedules for winter energy support.
Parental leave allowance: Beneficiaries, requirements and application process
Essential guide to parental leave allowance in Greece: eligibility, requirements, application process, and payment details for working parents.
Greece submits budget draft with €1.7bn support measures
Greece submits €1.7bn budget draft featuring tax cuts, pension increases, and rent rebates while projecting 2.4% growth amid global uncertainty and geopolitical risks.
Major changes coming to insurance fund benefits in 2026
Greece introduces major insurance fund reforms in 2026, unifying benefits and increasing pregnancy allowances while standardizing funeral expenses across all funds.