One in three taxpayers filed returns: Over 70% owe no tax
Tax return filing accelerates with one in three taxpayers completing the process. Over 70% pay no tax or receive refunds, while average tax owed reaches €1,000.
Economy
How 50 Days of Middle East War Cost $50 Billion in Oil Losses
Middle East war causes $50 billion oil losses as 500 million barrels disappear from global markets in largest energy supply disruption in modern history.
Social Tourism DYPA: When applications open and who gets vacation vouchers
Greece’s Social Tourism program offers vacation vouchers to workers and unemployed starting May 2026. Learn eligibility criteria, application process and benefits.
“Renovate-Rent” program launches by June with subsidies up to 95%
Greece launches major housing renovation program with up to 95% subsidies, targeting 15,000-20,000 vacant homes to boost rental market supply and affordability.
Social Tourism program opens Tuesday: Applications start April 21
Greece’s Social Tourism program opens Tuesday April 21, offering subsidized vacations to 300,000 beneficiaries with extended stays and ferry discounts.
Tax authority discovers 38,000 property tax evaders in Airbnb crackdown
Greece’s tax authority uncovers massive property tax evasion scheme involving 38,000 taxpayers, undeclared Airbnb income, and suspicious real estate transactions.
Greece’s new support measures to be decided next week
Greece set to announce new economic support measures next week as fiscal surplus exceeds expectations, creating over €3 billion in additional spending room.
Greece expects higher primary surplus amid energy crisis uncertainty
The expectation that the primary surplus will move higher than initial forecasts was expressed by the Minister of National Economy and Finance Kyriakos Pierrakakis, while leaving open the possibility of taking support measures for citizens,…
European Parliament approves Autias proposals for border funding
European Parliament’s Economic Affairs Committee approves wide-ranging proposals for financial support of EU eastern borders, including Greece.
Bank of Greece: Budget shows cash surplus of €920 million
Greek budget posts €920M cash surplus in Q1 2025 according to Bank of Greece data, despite decline from previous year’s €1.45B surplus.
Ministry brings “one stop shop” for investments and sweeping changes
Greece’s Development Ministry introduces sweeping economic reforms with one-stop-shop for investments, simplified business licensing, and enhanced consumer protection.
Greek tax authority launches crackdown on e-commerce VAT evasion
Greek tax authority creates special unit to crack down on e-commerce VAT evasion and cross-border sales, targeting online shops and small businesses.