Greece has third most expensive gasoline in EU at €1.80 per liter
Greece ranks third for most expensive gasoline in EU at €1.80 per liter, with taxes comprising 59% of final price, while neighboring Bulgaria offers cheapest fuel.
Economy
Greece increases pensions by 10%: New calculation method from 2026
Greece announces 5-10% pension increases from 2026 with new wage-based calculation method replacing inflation-based system for future retirees.
Greece announces €250 annual benefit for low-income pensioners
Greece’s PM announces permanent €250 annual benefit for low-income pensioners, disabled citizens, and uninsured elderly starting November 2024.
Inflation rises to 2.8% in June 2025 in Greece
Greece’s inflation rate climbed to 2.8% in June 2025, up from 2.5% in May, driven by housing costs, hospitality services, and clothing prices.
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.
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.
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.