IRIS QR payments mandatory from November 1st: How it affects shops
New IRIS QR payment system becomes mandatory for all Greek stores from November 1st, 2025. Learn how this digital transformation affects businesses and consumers.
Economy
Greek debt drops to lowest level since 2009 – Historic decline post-bailout era
Greece’s public debt falls to lowest level since 2009, marking historic recovery from bailout era with debt-to-GDP ratio dropping to 145.4% in 2025.
Greece’s 2026 budget draft: Tax cuts, rent rebates and 2.4% growth
Greece unveils ambitious 2026 budget draft targeting 2.4% economic growth, featuring comprehensive tax relief packages and rent rebates for citizens.
New era for short-term rentals: How new legislation transforms the market
Greece introduces strict new regulations for short-term rentals, transforming the booming Airbnb market with quality standards and compliance checks.
Electricity prices “plunge” to pre-crisis levels: renewable energy plays key role
Electricity prices in Greece have dropped back to pre-crisis levels despite higher gas and carbon costs, with renewable energy expansion playing a crucial role.
Greece introduces 13-hour workday: New labor law details and worker compensation
Greece’s new labor law introduces 13-hour workdays with worker consent, expanded four-day work options, and enhanced flexibility while maintaining 8-hour protections.
Elevator cartel drives up prices: demanding €8,000 for upgrades
Competition authorities investigate elevator maintenance cartel charging €8,000 for mandatory upgrades, exploiting registry deadline to inflate prices across Greece.
Why gold is climbing again – What US uncertainty reveals
Gold reaches near $3,900 amid US government shutdown fears and rate cut expectations, posting seventh consecutive weekly gain as economic uncertainty drives demand.
e-EFKA: When November 2025 pensions will be paid
Greece’s e-EFKA announces November 2025 pension payment schedule with separate dates for salaried and non-salaried workers starting October 27.
Electricity theft: How it’s proven and what penalties apply
Electricity theft crackdown intensifies with stricter penalties from July 2025. Learn how authorities detect illegal connections and what fines await violators.
Housing crisis and inflation threaten Greece’s economic stability
Greece’s housing crisis and inflation threaten economic stability as Parliamentary Budget Office warns of urgent need for solutions to prevent explosive growth.
€250 Pension Bonus: When Retirees Will Receive the Payment
Greek retirees will receive their €250 financial bonus earlier than expected, with payments starting November 15 for eligible seniors over 65.