Counterfeit products: Half trillion dollar global market hits Greece
Counterfeit goods reach half trillion dollar global market. Greek authorities target Athens, Thessaloniki, and tourist islands as fake luxury items flood Europe.
Economy
Trump tariffs: Greece seeks exemptions for products via Brussels
Greece seeks EU support to secure exemptions from Trump tariffs for key exports like olive oil, feta cheese, and wine amid US-EU trade negotiations.
Greece sees major jump in electronic transactions reaching €67.7 billion in 2024
Greece’s electronic transactions surge to €67.7 billion in 2024, growing at double the Eurozone rate with 289 transactions per capita.
Black market for tobacco products reaches 25% in Greece due to overtaxation
Greece’s black market for tobacco products hits 25% as overtaxation drives illegal trade, with criminal networks benefiting from failed revenue policies.
After the heatwave, the bill shock: Greeks brace for soaring electricity costs
Greek consumers face soaring electricity bills after record heatwave forces continuous air conditioning use, with wholesale prices jumping 20% in July.
IMF upgrades global growth forecast as Trump tariff threats ease
IMF raises global growth forecast to 3% for 2025 as Trump’s tariff threats ease, boosting economic confidence despite ongoing trade risks.
OPEKA July benefits: €281 million in social payments to 1.1 million Greeks
Greece distributes €281 million in July social benefits to over 1.1 million citizens, including child benefits, housing allowances, and disability payments.
August 2025 pensions: Payments start Wednesday July 30 – Changes to personal difference
August 2025 pension payments begin July 30 for Greek retirees. Major changes proposed to personal difference amounts affecting thousands of pensioners.
Trump tariffs: New wave of price increases expected to hit Greece
Trump’s 15% tariffs on EU exports threaten Greek businesses and consumers with price increases across agriculture, steel, and aluminum sectors.
Child benefit A21: Third payment countdown begins, platform reopens
Child benefit A21 third payment arrives July 31st for hundreds of thousands. OPEKA platform reopens same day for new applications until September 1st.
New Digital Property Registry launches July 31: What changes for owners and tenants
Greece launches new Digital Property Registry on July 31, requiring owners and tenants to verify property data and declare usage to combat widespread tax evasion.
Greece tourism soars: International arrivals up 5.7% in H1 2025
Greece’s tourism sector shows remarkable growth with international arrivals jumping 5.7% in the first half of 2025, reaching 10.3 million visitors.