Ioannis Chatzitheodosiou: Israel-Iran conflict threatens global and Greek economy
Athens Chamber head warns Israel-Iran conflict poses massive risks to global and Greek economy, threatening energy costs and tourism stability.
Economy
Pierrakakis: Severe consequences if Iran closes the Strait of Hormuz
Greek Finance Minister warns of severe economic consequences if Middle East tensions escalate to close vital Strait of Hormuz shipping route.
€400 million in support for vulnerable households – A boost to allowances
Greece announces €400 million benefit increases for vulnerable citizens, including child benefits, housing allowances, and minimum guaranteed income reforms.
Chania sets new cruise passenger record with over 8,300 visitors
Chania breaks cruise tourism records as three ships bring over 8,300 passengers to Souda port in a single day, highlighting Greece’s booming cruise industry.
Athens concerned over potential Strait of Hormuz closure
Athens fears potential Strait of Hormuz closure amid Middle East tensions between Israel and Iran, threatening higher fuel costs and economic stability.
Greek tax revenue soars to €27.05 billion in five-month period
Greek tax revenues surge to €27.05 billion in first five months of 2025, driving primary surplus to €5.35 billion and significantly exceeding budget targets.
Six risks to Greek economy from Middle East crisis
Greek economy faces six major risks from Middle East crisis as oil prices threaten to hit $120 per barrel, potentially causing widespread inflation and higher costs.
Swiss franc loans: Solution through out-of-court mechanism
Greece’s Finance Ministry seeks comprehensive solution for 6 billion euros in Swiss franc loans affecting 20,000 borrowers through out-of-court mechanisms.
Greece tourism arrivals exceed 40.7 million in 2024 says SETE president
Greece’s tourism sector proves its resilience as international arrivals exceed 40.7 million in 2024, generating €21.7 billion in revenue and contributing 13% to GDP.
Audiovisual piracy costs Greek economy €400 million annually
New study reveals audiovisual piracy costs Greece €400 million annually, with 800,000 users accessing illegal content and 5,000 jobs lost to the shadow economy.
Housing Crisis Solution: Greece’s Plan to Release Thousands of Homes
Greece unveils ambitious housing plan to release 25,000 properties from servicers and build 30,000 new homes through public-private partnerships to tackle crisis.
North Aegean Tourism Boom: Major 5-Star Hotel Investment Wave
North Aegean islands experience tourism investment boom with €500M in luxury hotel developments across Lemnos, Lesbos, Samos and Chios.