The judicial freeze is accompanied by referral to the European prosecutor's office of a high-profile case file on results of an investigation into more than one million euros of fraudulently doled out between 2019-24

Nicosia explores a potential partnership with the UAE for a €1.9 billion subsea power link connecting Europe to the eastern Mediterranean, amid ongoing delays and a new European investigation

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.

Authorities are reportedly ready to freeze some 70 bank accounts and safe deposit boxes of 10 suspects, who, in total, received roughly three million euros in fraudulently approved subsidies

A preliminary investigation by the European Public Prosecutor’s Office is underway into €2.5 million in subsidies allegedly received by Greek politician Kalliopi Semertzidou and her family, with anti-money laundering authorities also involved in the probe

The European Commission has already ordered Greece to forfeit nearly €400 million in funding for 2026 — over 20 percent of the direct payments it was due to receive. In response, the government pledged to shut down OPEKEPE by the end of 2026

The development was followed by the resignation of a ND whose name has been prominently linked over the recent period to the OPEKEPE subsidies scandal

Last Friday, August 1, farmers gathered outside OPEKEPE’s regional offices in Thessaloniki to demand answers

With the completion of the sale, Voxcove Holdings has fully exited its position in Lamda Development, raising €73.8 million from this latest transaction.

The farming subsidy scandal, which has raised serious concerns about the mismanagement of EU funds, has sparked renewed political and public scrutiny over the handling of European resources in Greece.

UBS cautions that in the short term, the sector appears vulnerable to risk-off sentiment if broader geopolitical or financial issues emerge

The bank estimates that the effective tariff rate on Greek exports to the US would rise to roughly 20 – 23 percent

Piraeus Bank, a local lending rival, is reportedly set to purchase Ethniki Asfalistiki from CVC

The feud is already having tangible effects. Earlier public clashes between the two led to a $150 billion drop in Tesla’s market value before a partial recovery, when Musk softened his rhetoric

The political atmosphere has grown increasingly tense following the release of recorded conversations implicating officials in clientelist practices.

He referred to a probe by the European Public Prosecutor’s Office pointing to misuse and outright fraud by the now disbanded Greek Payment Authority of Common Agricultural Policy

Migration and Asylum Minister Makis Voridis’ resignation was accepted by PM Kyriakos Mitsotakis, as were the ones tendered by Deputy FM Tasos Papavasiliou, Deputy Ag Minister Dionysis Stamenitis and Deputy Digital Governance Minister Christos Boukoros

Despite growing criticism, the ruling New Democracy party continues to hold a comfortable lead in voter intentions

The development most likely means that two former ag ministers are under scrutiny for an alleged scam totaling some 466 million euros in farm sector subsidies