Greece cracks down on illegal gambling: €800k fines, 10-year prison
Greece introduces sweeping anti-gambling legislation with massive fines up to €800,000, 10-year prison sentences, and website blacklisting to combat illegal betting.
Economy
Greece cracks down on illegal gambling with 10-year prison terms
Greece introduces harsh penalties including 10-year prison sentences and €100,000 fines to combat illegal gambling operations worth €1.5 billion annually.
Airbnb owners face Feb 28 deadline for tax fixes or hefty fines
Airbnb owners face February 28 deadline to fix tax declarations or risk massive penalties up to 50% of gross income plus €5,000 minimum fines.
Greece emerges as major energy hub through Vertical Corridor
Greece becomes major energy hub through Vertical Corridor agreements with Albania, Bulgaria, Bosnia and Ukraine, promising economic growth and energy independence.
Greek tourism hits record €23.6 billion revenue in 2025
Greek tourism achieves record-breaking €23.6 billion revenue in 2025, with 37.98 million visitors marking significant growth in Mediterranean travel industry.
Art investment soars: Painting jumps from €3,000 to €24,464 at Athens auction
Carlo Bossoli painting sells for €24,464 at Athens auction, nearly 8 times its estimate, signaling strong premium investor interest in the art market.
Greece aims to become Europe’s gas hub in post-Russian era
Greece positions itself as Europe’s southern gateway for US LNG imports, aiming to become a major player in the continent’s natural gas market as the EU phases out Russian energy by 2027.
Greece plans ten hydrocarbon drilling operations by 2032
Greece plans ten hydrocarbon drilling operations by 2032 in a €1 billion investment program targeting the Peloponnese, Crete and Ionian Sea regions.
Panagopoulos declares economic war on Labor Centers
Greek union leader Panagopoulos faces accusations of economic warfare against Labor Centers through controversial funding transfers to GSEE.
Clean Monday 2026: How workers get paid and 75% bonus rules
Learn about Clean Monday 2026 pay rules for Greek workers, including when the 75% bonus applies and how holiday compensation works in the private sector.
AADE unveils new weapon against ghost companies: AI software
AADE deploys advanced AI algorithm to detect ghost company networks that have cost the Greek state millions in unpaid taxes and social contributions.
Stournaras tells Politico: Without common bonds EU economy won’t be competitive
Bank of Greece Governor Yannis Stournaras advocates for Eurobonds to boost EU competitiveness, citing support from German and Dutch central banks in Politico interview.