Greece’s debt settlement mechanism surges 18.5% in August
Greece’s debt settlement mechanism achieves 18.5% surge in August with 1,231 settlements worth €317 million, marking historic progress in financial recovery.
Economy
EFKA records revenue surge in 2025: surplus exceeds €1 billion
Greece’s EFKA social security fund reports record revenue surge with surplus exceeding €1 billion in 2025, driven by increased contributions from overtime work.
Chevron gives Greece strategic advantage over Turkey and Libya
Chevron’s arrival in Greece marks a geopolitical shift, giving the country strategic leverage over Turkey and Libya in Eastern Mediterranean energy disputes.
Government overdue debts: €3.5 billion state arrears choke the market
Government owes €3.54 billion to suppliers, pensioners and taxpayers as hospitals, social security funds and municipalities accumulate mounting debts.
Recovery Fund: Banks race against time to meet loan targets
Greek banks race to meet 700M euro Recovery Fund loan target by September, facing bigger 2.5B euro challenge ahead as program implementation slows significantly.
Greece announces early debt repayment of €5.3 billion
Greece announces €5.3 billion early debt repayment strategy, reducing public debt to lowest level since 2012 while strengthening cash reserves.
Greece seasonal worker benefit applications open for 2025 – DYPA
Greece opens applications for 2025 seasonal worker benefits ranging from €687-€1,375. Online submissions start September 10 through gov.gr platform.
Greece inflation drops to 2.9% in August amid rising food costs
Greece’s inflation rate fell to 2.9% in August from 3.1% in July, but households still face pressure from rising food and rent costs affecting daily budgets.
Beef prices soar: expected to reach €20 per kilogram
Beef prices in Greece soar to €20/kg as production falls due to green policies. Market experts predict further increases ahead.
Why Chevron showed interest in Greek hydrocarbons – What the Helleniq Energy alliance means for Turkey-Libya deal
Chevron’s expansion in Greek hydrocarbon exploration south of Crete effectively nullifies the illegal Turkey-Libya memorandum, boosting Greece’s energy profile.
New pension bill brings 9 major changes: Fictional time recognition, pension calculation updates, tax incentives
Greece introduces major pension reforms with fictional time recognition, new calculation methods, and gradual abolition of personal difference benefiting 650,000 retirees.
Golden visa surge: Greece sees 31% jump in applications from China, Turkey, Israel
Greece’s golden visa program attracts record interest with 31% surge in applications, led by Turkish, Israeli, and Chinese investors seeking European residency.