Business

Greece Short-Term Rental Rates on the Rise as Athens Extends Tourism Season

Short-term rental rates in Greece rose sharply in September 2026 despite a decline in booked nights, according to AirDNA figures, highlighting the economic and policy pressures created by a tourism season that is extending further into autumn. The average daily...

Trump Says It’s Time for Ukraine to Replace Zelensky

President Donald Trump has suggested that Ukraine should replace President Volodymyr Zelensky following criticism of a US agreement to temporarily ease sanctions on Russian diesel exports. “I think it's time for Ukraine to get a new president,” Trump told reporters...

Greece Has Become a “Café Economy,” LSE Study Finds

A recent study titled "The Café Economy" by the Hellenic Observatory at the London School of Economics (LSE) reveals an uncomfortable truth about the transformation of Greece's economy following the bailout era. The study, co-authored by Michalis Nikiforos, Vlassis Missos,...

Greece Named World’s Best Country to Visit in Prestigious Travel Awards

Greece has been named the world’s best country to travel to by UK readers of Condé Nast Traveler, praised for its cuisine, beaches, hospitality and accommodation in the magazine’s 2026 Readers’ Choice Awards. The country took first place with a...

Trump Announces Deal With Putin to Supply Russian Diesel to US

US President Donald Trump said that Russian President Vladimir Putin has agreed to supply ​diesel to the US and global markets in an effort to lower fuel prices, and his administration temporarily lifted sanctions on Russian fuel, Reuters reports. Reports...

Young Greek Programmer Develops AI Tool to Track Government Spending

A Greek programmer wants to make checking municipal spending as simple as asking an AI a question with his tool, diafaneia.ai, that draws on public records and directs users toward the documents behind its answers. The aim: help citizens...

Greece Plans to Ban Cash Payments for Courier Deliveries

Consumers in Greece will need electronic payment methods when paying couriers upon delivery, even for small purchases, under a government proposal. However, the measure still awaits parliamentary approval, and the Finance Ministry plans exemptions before implementation. The Ministry of National...

Greece Ranks Third in EU for Domestic Travel as 85% of Trips Stay Within Country

Greece recorded the third-highest share of domestic trips in the European Union in 2025, with 85% of overnight trips by residents staying within the country, according to figures released by Eurostat. France and Portugal also recorded domestic trip shares...

EU Gives Green Light for Greece’s €1 Billion Energy Investment Plan

EU finance ministers approved greater energy-spending flexibility for Greece on October 9, 2026, supporting Athens’ investment plans through 2028. Their decision extends an existing exemption under European fiscal rules to qualifying energy-security measures. Greece plans approximately €1 billion ($1.12 billion)...

Greece Named World’s Top Luxury Honeymoon Destination for 2027

Greece leads honeymoon destination ranking for 2027, ahead of Bali, the Maldives, Italy and French Polynesia. The country replaces Italy at the top, according to travel agency Forest Travel’s summary of the findings. The annual Luxe Report by global luxury...

One Dead, Another in Critical Condition After Motor Oil Refinery Incident in Greece

A contract worker died following a maintenance incident at Motor Oil’s refinery in Greece on Friday, October 9. A second worker  remained in critical condition, the company confirmed. Both men worked for an outside contractor. The incident occurred Friday morning...

Only 8% of Jobs in Greece Are in Foreign-Controlled Companies, Lowest in EU

Only 8% of jobs in Greece's market-producing businesses were in foreign-controlled companies in 2024, the lowest share in the European Union, according to data released Thursday by Eurostat. Across the EU, the figure was 16%, showing how much less...

IMF Chief Warns AI Boom Could Trigger Global Financial Shock

Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva urged governments to tackle mounting debt as AI(artificial intelligence) investment and expensive energy reshape the global economy while at the same time she warned that delaying difficult budget decisions...

Greece Plans €95 Million Power Subsidy for Energy-Intensive Industries

Greece’s energy and finance ministries outlined electricity support on October 7, with a maximum budget of €95($106.38) million, though European Commission approval remains necessary before the government finalizes the industrial power subsidy. Authorities plan to begin payments in 2027,...

1 in 4 Greeks Cannot Afford Leisure Activities as Living Costs Squeeze Incomes

More than one in four Greeks cannot afford to take part in leisure activities on a regular basis, the highest rate in the European Union, according to new data from Eurostat. The EU statistics agency found that 27.3% of people...