Greek tax authority launches auction “storm” through November
Greek tax authority launches massive property auction wave through November, targeting tax debtors with properties starting from €975 to €3.2 million.
Economy
Average salary nears €1,500 mark with upward trend targeting 2026
Greek average salary approaches €1,500 as full-time employment expansion drives significant wage growth, with target potentially reached by 2026.
Trump demands Fed rate cuts again
Trump renews calls for Fed rate cuts after strong Q2 GDP growth of 3%, attacking Jerome Powell as central bank prepares policy announcement.
AADE: Heating allowance to be paid on July 31st
Greece’s tax authority announces heating allowance payments for July 31st, following verification of beneficiary files from the electricity distribution operator.
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.
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.