UBS: Greek banks expected to deliver another strong quarter
UBS forecasts another strong quarter for Greek banks, driven by robust corporate lending growth and Europe’s highest credit expansion rate at 6.8% annually.
Economy
Tax return extension 2025: Request for deadline extension to July 30 and official response
Greece’s tax professionals request extension of 2025 tax return deadline to July 30 due to system malfunctions, but Finance Ministry maintains July 15 cutoff.
Greece postpones bond issuance until September amid market uncertainty
Greece delays bond issuance until September as Trump tariffs create global market uncertainty, while Greek borrowing spreads reach historic lows.
GEK TERNA gets approval for major irrigation PPP project at Nestos
GEK TERNA group secures approval for €220.5 million irrigation PPP project transferring water from Nestos River to Xanthi plains, boosting regional agriculture.
Out-of-court debt settlement mechanism hits record high in June
Greek debt settlement mechanism achieves record 1,995 settlements worth €670M in June, with total resolved debts reaching €12.7B since inception.
90,000 Greek retirees to receive back payments up to €8,500
Greek pension fund EFKA to pay back payments up to €8,500 to 90,000 retirees across three categories by September, providing significant financial relief.
Greece wins approval for defense spending escape clause
Greece secures EU approval for defense spending escape clause, gaining €500 million in additional fiscal space for 2026 military investments and border protection.
OPEKEPE scandal: Who’s in the crosshairs of European prosecutors
European prosecutors investigate complex OPEKEPE subsidy fraud scandal involving former Greek ministers and officials in agricultural development scheme.
Money laundering crisis: 930 cases of “black” money under investigation in Greece
Greece faces a money laundering crisis with 930 cases of “black” money under investigation, revealing extensive tax evasion and financial crimes.
Athens airport traffic up 7.6% in first half of 2025
Athens airport sees 7.6% passenger growth in first half of 2025, reaching 15.07 million travelers as both domestic and international traffic surge.
Greece creates over 400 subsidized jobs in post-coal transition areas
Greece’s Public Employment Service creates 419 subsidized jobs in coal transition areas, part of €10.7M program supporting 1,000 new positions in Western Macedonia.
Wall Street’s weak open amid Trump tariff statements
Wall Street opens lower as Trump tariff uncertainty weighs on markets. Dow Jones, Nasdaq, and S&P 500 all decline amid trade negotiation concerns.