Assumption Day 2025: Meat prices at Athens’ Varvakios market
Athens’ Varvakios Market sees a last-minute rush ahead of Assumption Day, with lamb, pork, chicken, and beef prices varying widely this August 15.
Economy
Greece’s labor market gaps widen as mass retirements create worker shortages
Greece faces growing labor shortages as mass retirements shrink the workforce, with 52,000+ vacancies across tourism, healthcare, and retail in 2026.
Greece tax authority intensifies inspections this August 15th holiday
Greece’s tax authority is conducting sweeping audits of tourist businesses this August 15th, targeting restaurants, beach bars, and short-term rentals for tax evasion.
Greece T-Bill Auction: PDMA to Raise €400M on August 19
Greece’s PDMA is set to auction €400M in 26-week treasury bills on August 19, maturing February 2027, via competitive bids on HDAT.
VAT revenue hits record highs: digital audits and inflation drive surge
Greece’s VAT revenues hit record highs in 2025, driven by inflation and AI-powered digital tax controls closing evasion loopholes.
Thessaloniki Summit: Greece’s New Property Tax Reforms Explained
Greece unveils major property tax reforms at Thessaloniki Summit, targeting vacant homes, rental incentives, and new income tax brackets for landlords.
GSI Full Speed Ahead: Investment Request Filed with Cyprus-Israel Regulators
Greece’s IPTO files investment request with Cyprus & Israel regulators for the GSI, accelerating a landmark 1,000 MW Mediterranean energy interconnection.
Retroactive refunds up to €500 for 150,000 beneficiaries & extra contributions for larger lump-sum payouts for 100,000 civil servants
EFKA to refund up to €500 to 150,000 working pensioners over excess levy charges, while 100,000 civil servants face retroactive contribution demands.
€1 Billion Investment in Student Housing: Card Access Mandatory, Self-Managed Spaces Abolished
Greece pledges €1 billion for student housing upgrades, mandates card-only dormitory access, and abolishes self-managed spaces on university campuses.
Oil prices surge to $90 as Red Sea ship attacks escalate
Brent crude hits $90 as Houthi attacks in the Red Sea and Strait of Hormuz tensions fuel a sixth straight session of oil price gains.
Greece’s Thessaloniki Fair package tops €1 billion: no recession ahead
Greece’s TIF economic package will exceed €1 billion, with Deputy Minister Papathanasis ruling out any recession after the Recovery Fund concludes.
Oil prices surge amid US-Iran tensions and Strait of Hormuz uncertainty
Oil prices surge past $90 as US-Iran tensions over the Strait of Hormuz escalate, with Trump demanding reparations and negotiations stalling.