Worrying signs in hospitality: Significant drop in consumption of beer, soft drinks, water
Greek hospitality sector faces alarming 10% drop in beverage consumption as tourism slows and consumers tighten spending amid economic pressures.
Economy
Athens traffic plan: Major infrastructure projects to ease congestion
Athens unveils ambitious traffic relief plan with major highway extensions, new tunnels, and strategic junctions to solve the city’s chronic congestion crisis.
Greece moves to privatize 22 regional airports in major deal
Greece advances major privatization of 22 regional airports, following successful model of international airports managed by Fraport Greece.
War fronts threaten Greek economy amid inflation fears
Greek economy faces multiple threats as Middle East tensions threaten tourism, energy costs, and shipping – key sectors contributing 25% to GDP.
Fuel prices surge as Middle East tensions escalate – Gas and electricity costs also rise
Middle East tensions drive fuel price surge in Greece. Brent oil jumps 5% to $74.23/barrel, triggering €0.02/liter increases at gas stations nationwide.
Greece imposes fines up to €40,000 for digital shipping violations
Greece introduces massive penalty increases up to €40,000 for businesses violating digital shipping document requirements under new Customs Code regulations.
Greece faces €2.6 billion cost from Israel-Iran conflict escalation
Greece faces up to €2.6 billion in economic losses from Israel-Iran conflict escalation, with energy, tourism, shipping and trade sectors bearing the brunt.
Ioannis Chatzitheodosiou: Israel-Iran conflict threatens global and Greek economy
Athens Chamber head warns Israel-Iran conflict poses massive risks to global and Greek economy, threatening energy costs and tourism stability.
Pierrakakis: Severe consequences if Iran closes the Strait of Hormuz
Greek Finance Minister warns of severe economic consequences if Middle East tensions escalate to close vital Strait of Hormuz shipping route.
€400 million in support for vulnerable households – A boost to allowances
Greece announces €400 million benefit increases for vulnerable citizens, including child benefits, housing allowances, and minimum guaranteed income reforms.
Athens concerned over potential Strait of Hormuz closure
Athens fears potential Strait of Hormuz closure amid Middle East tensions between Israel and Iran, threatening higher fuel costs and economic stability.
Greek tax revenue soars to €27.05 billion in five-month period
Greek tax revenues surge to €27.05 billion in first five months of 2025, driving primary surplus to €5.35 billion and significantly exceeding budget targets.