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.
Economy
Six risks to Greek economy from Middle East crisis
Greek economy faces six major risks from Middle East crisis as oil prices threaten to hit $120 per barrel, potentially causing widespread inflation and higher costs.
Swiss franc loans: Solution through out-of-court mechanism
Greece’s Finance Ministry seeks comprehensive solution for 6 billion euros in Swiss franc loans affecting 20,000 borrowers through out-of-court mechanisms.
Greece tourism arrivals exceed 40.7 million in 2024 says SETE president
Greece’s tourism sector proves its resilience as international arrivals exceed 40.7 million in 2024, generating €21.7 billion in revenue and contributing 13% to GDP.
Audiovisual piracy costs Greek economy €400 million annually
New study reveals audiovisual piracy costs Greece €400 million annually, with 800,000 users accessing illegal content and 5,000 jobs lost to the shadow economy.
Housing Crisis Solution: Greece’s Plan to Release Thousands of Homes
Greece unveils ambitious housing plan to release 25,000 properties from servicers and build 30,000 new homes through public-private partnerships to tackle crisis.
North Aegean Tourism Boom: Major 5-Star Hotel Investment Wave
North Aegean islands experience tourism investment boom with €500M in luxury hotel developments across Lemnos, Lesbos, Samos and Chios.
Greece’s Accelerated Debt Reduction Plan: High Primary Surpluses and Early Repayments Through 2031
Strategic Milestones and Fiscal Performance Fuel Positive Outlook
Trump’s “Vertigo” Over China Tariffs: White House Contradicts President – Calls 80% Figure “Random”
Clarification of the Message White House Press Secretary Karoline Leavitt issued a clarification on Friday regarding President Donald Trump’s recent remarks about potentially reducing tariffs on Chinese imports, calling the 80% figure he cited simply…
IPTO Responds to Reports on Cable Route Change in Greece–Cyprus Interconnection Project
Clarification from the Operator Amid reports suggesting a potential change in the routing of the Greece–Cyprus–Israel electricity interconnection project, Greece’s Independent Power Transmission Operator (IPTO or ADMIE) issued a firm denial, refuting claims that the…
Greek Migration Ministry Responds to The Guardian: Claims of Mass Legalization of Migrants “Baseless and Misleading”
A recent article by The Guardian has sparked political controversy in Greece, portraying what it describes as a labor market crisis and linking it to alleged mass legalization of undocumented migrants. The Greek Ministry of…
Greece’s Digital Payments Revolution: Instant, Fee-Free Transactions via IRIS Coming This Fall
IRIS Payments Set to Transform In-Store and Online Transactions with QR Codes Starting November 2025, Greek consumers will be able to make instant, fee-free payments at all physical and online stores using IRIS Payments —…