Joint bank accounts and gift tax: what triggers a tax audit
Joint bank accounts can trigger gift tax audits in Greece. Learn when a simple money transfer becomes a taxable gift and how to protect yourself.
Economy
Greece hydrocarbons: Corfu drilling on track, Kyparissia Bay next
Greece’s first hydrocarbon drilling in 40 years is set for Corfu in early 2027, while Chevron joins Block 10 in the Kyparissia Bay with a 70% stake.
Greece tourism 2026: the bet on a 12-month season
Greece’s tourism sector eyes a 12-month season as 2026 data show record revenues, rising off-peak arrivals, and a gradual shift away from summer dependency.
AADE Tax Authority Launches Express Audit Drive Before Year-End Statute of Limitations
Greece’s AADE tax authority is fast-tracking audits on thousands of pending cases before year-end deadlines, targeting undeclared income, VAT, and property tax violations.
Oil prices drop after US-Iran deal: $80–$100 per barrel expected
Oil prices are set to fall to the $80–$100 range following the US-Iran agreement, offering relief at the pump — but key risks remain.
Greece unemployment hits historic low of 660,682 in May 2026
Greece’s registered unemployment fell to a historic low of 660,682 in May 2026, dropping 10.8% year-on-year, official DYPA data shows.
Greek Competition Authority saves consumers €714M in five years
Greece’s Competition Authority saved consumers over €714M in five years, with EU-wide enforcement generating up to €29.7B in annual household savings.
Bank of Greece raises growth outlook after US-Iran deal
The Bank of Greece upgrades its growth outlook for the Greek economy following the US-Iran deal, citing reduced geopolitical uncertainty and lower energy risks.
Greece tax authority overhaul: myPoint centers, 24/7 service & new digital tools
Greece’s tax authority AADE launches myPoint service centers, 24/7 support via my1521, and major digital upgrades for property, inheritance, and tax filing.
Greece’s New Support Bill: Key Measures Explained
Greece’s Finance Ministry tables a sweeping support bill covering energy relief, pension boosts, rent rebates, and debt restructuring reforms worth €800 million.
Pierrakakis: Europe needs more investment — European savings can be part of the answer
Greek Finance Minister Pierrakakis calls on Europe to unlock €10 trillion in private savings to drive investment, growth, and long-term economic resilience.
Greece’s public debt reaches €406.1 billion in 2025
Greece’s public debt rose to €406.1 billion in 2025, while the debt-to-GDP ratio continued its steady decline, falling to 146% from 209% in 2020.