Greece sits on €100 billion energy treasure: 5 confirmed hydrocarbon deposits
Greece discovers massive energy treasure worth €100 billion in confirmed hydrocarbon deposits across Ionian Sea and Crete, with potential to transform the nation.
Economy
Scope Ratings maintains Greece at BBB grade, upgrades outlook to positive
Scope Ratings maintains Greece’s BBB rating but upgrades outlook to positive, signaling potential future upgrade due to strong fiscal performance and economic resilience.
Greek tax reform bill passes: Tax cuts, salary boosts for security forces
Greece passes major tax reform bill with cuts to property tax, VAT reductions, and salary boosts for security forces starting 2026.
ExxonMobil drilling plan from Corfu to Crete revealed
ExxonMobil reveals ambitious drilling plan for Greece, investing $5-10 billion in natural gas exploration from Ionian Sea to Crete, marking historic energy shift.
Historic energy developments in Greece: ExxonMobil to drill in Ionian Sea by late 2026
Greece makes history with ExxonMobil’s return to Ionian Sea drilling after 40 years. Trump-Mitsotakis meeting likely as East Med pipeline resurfaces.
ExxonMobil-Helleniq Energy deal: First drilling within two years
Greece’s Energy Minister announces historic ExxonMobil deal with HelleniQ Energy for oil exploration drilling in Northwestern Ionian Sea within 18-24 months.
Historic energy mega-deal: ExxonMobil-Helleniq partnership to upgrade Greece
ExxonMobil partners with Helleniq Energy for Greece’s first offshore drilling in 40 years, targeting 200 billion cubic meters of natural gas in the Ionian Sea.
Greece refunds fuel tax to 82,624 farmers in €18.63 million payment
Greece’s tax authority pays €18.63 million fuel tax refund to over 82,000 farmers in third 2025 installment, with automated payment system requiring no farmer action.
P-TEC Summit: AI challenges and European energy crisis dominate first day
P-TEC Summit addresses AI competition between US-China and European energy security challenges amid Ukraine crisis. Conference continues with PM speech tomorrow.
Energy “big bang” in Athens: US and LNG giants invest in Greece
Greece transforms into energy diplomacy center as US officials and LNG giants converge on Athens for P-TEC summit, establishing the country as key American LNG hub.
“Changing Heating System and Water Heaters” extended to 2026
Greece extends heating system subsidy program until 2026, offering up to €7,440 for energy-efficient upgrades including heat pumps and solar water heaters.
Pensioners relief: 4 measures worth €1.3bn for 2.6m beneficiaries
Greece announces €1.3bn relief package for 2.6 million pensioners, including €250 annual allowance, rent reimbursement, pension increases, and tax cuts starting November.