According to market sources, Environment and Energy Minister Stavros Papastavrou is expected to convene a high-level meeting later this week with key energy stakeholders.
The improvements were described by Deputy Economy and Finance Minister Thanos Petralias, citing what he called “four reforms in one”
Greece recorded its highest-ever monthly total of out-of-court debt restructurings in March, with 2,879 agreements reached covering obligations of approximately 982 million euros, authorities said. Of those, 650 were concluded under a law that expanded eligibility criteria, requiring creditors to submit mandatory restructuring proposals. Officials said the legislative changes have significantly strengthened debtor protections, enabling […]
In purchasing power terms, Greece's minimum wage ranks 13th across the bloc—highlighting that the issue is not merely the nominal level, but how wages are distributed across the economy.
Ongoing conflict in the Middle East is driving market volatility and shifting investor behavior, as inflows into Greek mutual funds slow and demand rises for safer assets such as bond and liquidity funds.
A new IOBE report highlights the Greek brewing sector’s €576 million direct contribution to the economy, alongside strong tax revenues, employment impact, and shifting market dynamics driven by rising costs and changing consumer habits
All economic data and forecasts, ranging from international institutions to credit rating agencies, local authorities, and financial pundits, presented a sanguine narrative for the Greek economy in 2026. However, the protracted conflict in the Middle East has upended these optimistic projections, which anticipated economic growth to hover upward of 2% in 2026, with Greek authorities even […]
“This is not the end of interventions, but the beginning of continuous support,” the minister said
Consumers in thirty-four countries pay less than a dollar per liter, with Libya ($0.023), Iran (0.029) and Venezuela (0.035) being the cheapest, while Russians pay $0.828 at the petrol station.
Gender disparities in unemployment persisted, though both groups saw annual improvements. The unemployment rate among women fell to 11.3%, while the rate for men declined to 6.2% from 7.1%.
The move comes on the heels of similar upgrades by FTSE Russell and S&P Global Ratings last year, and is expected to expand funding opportunities for Greek companies
The disparity is particularly worrying, as the full impact of the ongoing war in the Middle East has yet to be factored in.
Regional disparities persist, with the Cyclades once again recording the highest prices in the country, where regular unleaded reached 2.173 euros per liter.
Concerns over mounting pressures on Greek commerce were highlighted by Stavros Kafounis, head of the Hellenic Confederation of Commerce and Entrepreneurship, during the presentation of the sector’s annual report. According to the findings, three out of four businesses have not recorded growth in turnover, with smaller firms facing significantly greater strain. Companies using double-entry accounting […]
As the war in Iran enters its second month, Greece is bracing for the negative fallout to its economy, with the country’s Parliamentary Budget Office drafting a bleak trimester report. The paper, presented by the chairman of the office, Prof. John Tsoukalas, warns of the adverse consequences, which, in the worst-case scenario would result in […]
Iran's drone strike on a Kuwaiti tanker near Dubai highlights the mounting dangers facing vessels that continue to brave the Strait of Hormuz, as a fourth Greek-managed tanker completes the perilous crossing with its tracker switched off.
With Easter around the corner and Middle East tensions pushing up fuel and food prices, Athens is rolling out subsidy measures it has used before — and promising more market inspections.
Rising energy costs and prolonged geopolitical uncertainty are weighing on Greece’s outlook, with inflation risks, slower growth and structural weaknesses shaping assessments by global lenders and rating agencies.
A new €1.7 million project will install advanced water treatment systems in northern Greece to address uranium contamination concerns and ensure safe, continuous drinking water supply
An IMF official says millions of unresolved non-performing loans continue to slow Greece’s economic recovery, restricting credit access for households and small businesses despite post-crisis banking reforms and broader financial stabilization.