Moody’s: Rising spending limits Greece’s fiscal flexibility
Moody’s warns that Greece’s fiscal flexibility faces severe constraints as rising defense and social spending creates budgetary pressures over the next decade.
Economy
EFKA: €10 billion uncollectable from total €50 billion debt
Greece’s social security fund EFKA reveals €10 billion of its €50 billion total debt is uncollectable, as private companies prepare to bid for debt management.
Greek vacation homes see explosive demand from foreign buyers
Greek vacation homes attract record foreign investment as international buyers drive explosive demand growth across islands and coastal regions.
Trump tariffs: How much will they cost Greece and the EU
Trump’s new tariffs threaten Greek and EU exports with 15% duties. Greece seeks new markets as trade competitiveness with US faces major challenges.
Greece cracks down on organic product certification companies
Greece’s Development Ministry prepares first sanctions against organic certification companies following serious violations and irregularities in inspections.
Sklavenitis Group’s “The Mart” faces profit decline challenges
Sklavenitis Group’s wholesale arm The Mart sees 44% profit drop despite 3% revenue growth, facing operational cost pressures in Greek retail market.
The real cost of desalination as a solution to water scarcity
Desalination emerges as a costly but necessary solution to Mediterranean water scarcity. Can renewable energy make it more affordable and sustainable?
Greek banks report €2.45bn profits, dividends expected by end 2025
Greek banks report strong €2.45bn profits in H1 2025, with major institutions planning significant dividend distributions by Q4, reflecting sector stability.
Elevators: Platform opens for mandatory registration by November
Greece launches mandatory elevator registration through new digital platform. All elevators must be registered by November 2025, regardless of age or condition.
Tax returns revolution: Automatic filing starts 2027
Greece revolutionizes tax system with automatic filing from 2027. Tax authority will pre-fill returns using data from banks, employers, eliminating manual submissions.
US tariffs: Greece seeks exemption for PDO products pending EU deal
Greece seeks exemption for PDO products like olive oil and feta from US tariffs while exploring new markets in India and Middle East as trade tensions rise.
Greek student housing rents soar: Market trends and investment boom
Greek housing market faces dramatic changes as student rents soar 7.4% while luxury vacation homes attract foreign investment worth €1.09M per property.