The bank forecasts a 2.2% expansion of the Greek economy in 2025, slightly down from 2.3% in 2024, before slowing to 1.8% in 2026.
Croatia and Greece record percentages of 0.45% and 0.41%, respectively, in share of firefighters in their domestic employment sector
France is Europe’s more-or-less unenviable “tax champion” at 45.6%, followed in close order by Belgium (44.8%), Denmark (44.7%), and Austria (43.5%)
Industry experts attribute the high alcohol prices primarily to Greece’s steep excise duties, combined with the value-added tax.
Taxpayers subject to fines can settle disputes through an out-of-court process until March 2027, potentially gaining steep reductions on penalties and interest.
Out of 38 countries tracked by Eurostat, only Montenegro ranks higher in terms of the number of new businesses opened.
A new licensing framework requires crypto exchanges and wallet providers to meet EU MiCA standards, while tighter checks aim to curb money laundering and tax evasion
A European Central Bank report highlights how EU funding boosts productivity, with Greece among the most dependent countries due to limited access to bank lending
Bank of Greece data confirm that visitors spent significantly more regardless of the modest rise in arrivals. Germans, French, Italians, and Americans, in particular, boosted spending per trip, helping widen the surplus.
Greek exporters are lobbying Washington to secure exemptions from US tariffs on European goods, with cautious optimism that a decision from former President Donald Trump could safeguard key products
Rising demand for authentic flavors and the boost from tourism are driving ouzo and tsipouro sales abroad, with exports surpassing €100 million for a second consecutive year
Once reliant on imports, China is rapidly expanding olive cultivation and brands, raising concerns that Greek olive oil could lose ground in one of the world’s fastest-growing markets
Citizens increasingly use the Appodixi platform to report tax evasion, smuggling, and corruption, with rewards offered for verified claims and authorities prioritizing high-risk cases
Outbound tourism from Greece grew in 2024, with higher spending and a surprising shift away from Balkan destinations toward Central and Northern Europe.
Greek firms including GEK Terna, PPC, Metlen, AVAX, HELLENiQ Energy, and Motor Oil are positioning in Romania to enter Ukraine’s future reconstruction market.
Tourism boosts Greece’s economy as travel revenue jumps 11% in H1 2025, offsetting a 1.2 billion euro trade deficit in June. Overall, the current account deficit narrows to 692.7 million euros compared to last year
ELVO, Greece’s historic vehicle and military equipment manufacturer, remains largely inactive with minimal revenue since privatization. Israeli SK Group owner Samy Katsav now pledges new investment and European expansion plans, aiming to revive the struggling company
Despite the rise of digital payments, cryptocurrencies, and the push for a digital euro, cash remains resilient in Europe. Recent data shows it continues to dominate in daily transactions and as a safe store of value across all generations
UBS lowered Greece’s 2025 growth forecast to 2.3% but sees recovery driven by consumption, investment, and tourism, with banks still outperforming the European average.
SK Group takes full ownership of ELVO, Greece’s leading military vehicle producer, aiming to transform it into a major European production and export hub while strengthening local defense capabilities and strategic industrial partnerships