The widespread implementation of point-of-sale (POS) systems has played a key role in reducing the size of the shadow economy, once estimated at 30%, now brought down to less than half, Greek Finance Minister Kyriakos Pierrakakis announced during the opening of the 5th OT Forum. He explained that while previously the underground economy accounted for […]

Greeks own nearly 5.5 million cars and more than 3 million households have a primary or holiday home, according to OT.

According to the latest report by the Governor of the Bank of Greece, net inflows from overseas property purchases reached 2.75 billion euros in 2024.

The European Commission has disbursed €3.1 billion to Greece from the Recovery and Resilience Facility (RRF), following the successful completion of the country’s fifth payment request, submitted at the end of December 2024. With this latest tranche, Greece has now received a total of €21.3 billion from the RRF, surpassing 59% of the total budget […]

The investment recovery and reform momentum are expected to continue driving Greece’s growth through 2025 and 2026.

For the first time, the state will systematically identify all vacant homes, which could play a key role in housing policy.

The shortage of skilled personnel has become a major stumbling block, say Greek companies, highlighting the need for incentives and higher wages.

Data from the Bank of Greece shows that foreign investment in the country’s real estate market reached 2.75 billion euros in 2024—a 28.9% increase from the previous year.

Piraeus Port Authority (OLP) posted a 23% increase in profits and a 14.6% rise in revenue for the first quarter of 2025, signaling steady growth despite ongoing challenges, according to the company’s announcement. As the announcement points out, the company has continued its upward trajectory from previous quarters, maintaining strong performance amid a difficult operating […]

Year-on-year growth was positive in eleven member states, while three saw contractions.

Among individuals aged 15–24, the rate climbed to 25.2%, up from 22.7% in March 2024.

Greece's new Mining Code is expected to be passed in the summer and aims to streamline licensing and support the EU's autonomy in gallium.

On Tuesday, Greece also filed a formal request for the activation of the “defense spending escape clause,” which would allow defense expenditures to be excluded from the budget deficit calculations.

The owner of an undeveloped plot of land in northern Athens was quoted €3,000 to clear brush from just 0.3 hectares plot of land.

Both newspapers and magazines saw significant drops in sales, continuing a multi-year downward trend that reflects changing media habits and broader challenges facing the print industry.

Households and private non-profit institutions saw their deposits shrink by 158 million euros in March.

To help businesses prepare, Greece’s Independent Authority for Public Revenue (AADE) has issued an informational bulletin outlining the upcoming changes.

Santorini’s hoteliers expect a tourism rebound by June but remain concerned about managing cruise ship arrivals without the island's cable car system.

Greece's PM prompted an emergency meeting of the country's grid operators following the massive blackouts in Spain and Portugal.

Looking at the 12-month period from February 2024 to January 2025, the total construction activity, both private and public, saw the issuance of 30,631 permits.