Greece joins SAFE mechanism: Pierrakakis says it strengthens the country
Greece strengthens defense capabilities with SAFE mechanism participation, boosting defense spending to 30 billion euros while addressing EU-US trade relations.
Economy
Summer in Greece: temperatures rise, expenses increase, savings fall
New study reveals Greeks spend more during summer without proper planning, with half canceling vacations due to financial pressures and only 26% staying within budget.
Deutsche Bank study: Greece’s consumer problem isn’t high prices, but low incomes
Deutsche Bank study reveals Greece’s real economic challenge: while prices remain competitive globally, low wages plague Greek consumers more than inflation.
Development Law grants up to 75% funding for small businesses
Greece activates Development Law grants offering up to 75% funding for small businesses across manufacturing, special support areas, and large investments.
Banking ATM changes: Four key reforms taking effect August 11
New Greek banking regulations eliminate ATM fees and set withdrawal caps starting August 11. Four key changes will affect cash withdrawal charges nationwide.
ATM fees eliminated: How providers react to new zero-charge rules
Greece eliminates ATM fees from August 11, 2025. Banking providers scramble to adapt business models as new regulations cap withdrawal charges at €1.50.
August 2025 pensions: Countdown begins for payments, when money hits ATMs
Greek pensioners await August 2025 pension payments starting July 28, with some receiving funds early on July 25. EFKA plans major retroactive payments up to €11,500.
DYPA unemployment voucher up to €2,250: Who qualifies and how to apply
Greece’s DYPA offers unemployment vouchers up to €2,250 for job training. Learn eligibility requirements and application process for this EU-funded program.
Tax Authority: All tax obligations by month-end – What happens with overdue debts
Greek Tax Authority sets July 31st deadline for income tax, property tax, and VAT payments. Learn about payment options, penalties, and installment plans available.
Oil hits weekly high as Brent crude touches $69.47 per barrel
Brent crude hits weekly high at $69.47 as trade optimism boosts energy demand expectations, offsetting Venezuela supply concerns and U.S. inventory decline.
Airbnb: New regulation brings business tax per property
Greece introduces new business tax for Airbnb properties, charging up to €600 per additional property for legal entities with multiple short-term rentals.
ECB keeps interest rates unchanged amid trade uncertainty
ECB maintains interest rates at 2% as economists expect next cut in September amid global trade uncertainty and inflation target progress.