Greece opens tax cut window from 3bn VAT gap closure benefits
Greece plans major tax cuts for workers from 2026 using 3bn euros gained from closing VAT gap through digital tools and reduced tax evasion.
Economy
Greece to raise retirement age limits after 2027: Life expectancy rises
Greece plans to raise retirement age limits by 1.5-2 years after 2027 as life expectancy increases, following OECD recommendations and demographic trends.
Alpha Bank completes AstroBank acquisition to become Cyprus’ third largest bank
Alpha Bank completes AstroBank acquisition for €205 million, positioning itself as Cyprus’ third largest bank with 5% EPS increase expected.
Kyriakos Pierrakakis: UniCredit’s investment is a resounding proof of confidence in the Greek economy
Greek Finance Minister welcomes UniCredit’s strategic investment in Alpha Bank as proof of renewed confidence in Greece’s economic recovery and stability.
Growing fears over Bank of Chania collapse and Stournaras’ concerns
Bank of Chania faces potential collapse as regulators sound alarm over missing 70 million euros, raising concerns for Greek financial stability.
Worrying signs in hospitality: Significant drop in consumption of beer, soft drinks, water
Greek hospitality sector faces alarming 10% drop in beverage consumption as tourism slows and consumers tighten spending amid economic pressures.
Athens traffic plan: Major infrastructure projects to ease congestion
Athens unveils ambitious traffic relief plan with major highway extensions, new tunnels, and strategic junctions to solve the city’s chronic congestion crisis.
Greece moves to privatize 22 regional airports in major deal
Greece advances major privatization of 22 regional airports, following successful model of international airports managed by Fraport Greece.
War fronts threaten Greek economy amid inflation fears
Greek economy faces multiple threats as Middle East tensions threaten tourism, energy costs, and shipping – key sectors contributing 25% to GDP.
Fuel prices surge as Middle East tensions escalate – Gas and electricity costs also rise
Middle East tensions drive fuel price surge in Greece. Brent oil jumps 5% to $74.23/barrel, triggering €0.02/liter increases at gas stations nationwide.
Greece imposes fines up to €40,000 for digital shipping violations
Greece introduces massive penalty increases up to €40,000 for businesses violating digital shipping document requirements under new Customs Code regulations.
Greece faces €2.6 billion cost from Israel-Iran conflict escalation
Greece faces up to €2.6 billion in economic losses from Israel-Iran conflict escalation, with energy, tourism, shipping and trade sectors bearing the brunt.