Finance

The EU is considering tariffs on €95 billion worth of U.S. goods, including a wide range of industrial and farm products. It is also looking at limiting some EU exports of steel scrap and chemicals to the U.S., worth €4.4 billion.

The Greek Finance Minister Kyriakos Pierrakakis said the country had made strides in controlling the exorbitant Greek public debt, predicting it would not be the most indebted in the EU in 2029 during a visit to the Public Debt Management Agency (PDMA) offices on Wednesday. According to the European Commission, Greece stands at the top […]

As summer approaches, Greece’s tourism sector is facing a critical labor shortage with approximately 80,000 unfilled positions in hospitality and food service. The situation has sparked intense debate over whether migrants could provide a solution to the labor gap.

The platform is already operational on the Independent Authority for Public Revenue (AADE) website, and an improved mobile version is expected to be released next month.

Among renters, nearly 40% are spending more than 30% of their income on housing, with 16.9% allocating up to half of their earnings to rent alone-- that's one in six Greeks that spend half their income on rent.

Analysts, economists, and institutional stakeholders discussed the prospects and the role capital markets can play as a savings tool at the 5th OT Forum.

The 5th OT Forum concluded with a strong call for collaborative action between the public and private sectors to ensure Greece navigates the complex global landscape with resilience, innovation, and inclusive growth.

As more EU countries move to scrap Golden Visa schemes, Greece’s program is experiencing renewed momentum—driven in part by Spain’s decision to terminate its own initiative.

Greece's Finance Minister and the Governor of the Bank of Greece highlight the country's economic momentum, stressing the importance of investments, reforms, and crackdown on tax evasion.

As Greek banks are set to announce their quarterly results for the year this week, JP Morgan estimates the sector will continue on a positive trend, albeit slightly down. As JP Morgan notes, while Q1 results in 2025 posted a slight slump following a strong performance in Q4 of 2024, marked by substantial credit growth […]

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.