Business

Greeks Are Cutting Food and Health Spending to Pay Energy Bills, EU Bank Survey Finds

Higher energy bills are pushing Greeks to cut spending on food or health care, according to a European Investment Bank survey released Thursday. More than half of respondents reported making those sacrifices, showing how energy costs are affecting basic...

Paraguay’s President Resigns as Major Bank Collapse Leaves Millions Without Access to Their Money

Paraguay's President Santiago Peña announced his resignation Thursday after the collapse of Ueno Bank left millions of customers unable to access their money and triggered widespread protests across the country. The crisis began Tuesday, Nov. 3, when Paraguay's central bank...

Greek Yogurt Becomes Greece’s Top Export to the UK

Greek yogurt has become Greece’s leading export to the United Kingdom, with its export value rising 67.1% in the first eight months of 2026. Shipments reached £152.57 million, equivalent to approximately $206 million (€182.8 million), according to British customs...

Oil and European Gas Prices Fall After Democrats’ Midterm Gains in US

Oil and European natural gas prices fell sharply after Democrats made major gains in the US midterm elections, raising hopes that Washington could seek an end to the conflict with Iran. Brent crude dropped nearly 9% during Wednesday’s trading session,...

METLEN Signs Five-Year US LNG Supply Deal With Shell

Greek energy group METLEN has signed a binding five-year agreement with Shell Global LNG for six liquefied natural gas cargoes a year from 2027, turning an earlier memorandum into a firm supply contract for Greece and other European markets. The...

Greece Proposes New Rules for AI in the Workplace

Greece is moving to require human oversight for critical decisions made by AI and digital labor platforms, including the suspension or termination of a worker’s account, under a bill presented to the cabinet on Monday. Labor and Social Security Minister...

Cyprus Cheesemakers Seek Change to Halloumi’s 51% Milk Rule

Cyprus is preparing for a new fight over halloumi after cheesemakers began drafting a request to change the European Union rules that will eventually require the cheese to contain more sheep’s and goat’s milk than cow’s milk. The proposal has...

Greece’s Manufacturing Growth Hits Five-Month Low as Energy Costs Surge

Manufacturing growth in Greece hit a five-month low in October as energy costs surged and suppliers struggled to deliver materials, according to a survey released Monday. The slowdown added to signs that international fuel and shipping disruptions are putting...

Greece’s Procurement Authority Annuls Controversial Acropolis Commercial Contracts

Greece’s public procurement authority has officially annulled two major contracts covering commercial operations at key archaeological sites with the Hellenic Single Public Procurement Authority (EADISY) revoking the controversial agreements following legal appeals by competing private firms. The disputed state tenders...

Binance Faces $3.64 Billion in Withdrawals After Record Cyberattack

Cryptocurrency exchange Binance experienced $3.64 billion in net customer withdrawals after reopening its services following last week's record $6.3 billion cyberattack, highlighting investor concerns over the security of the world's largest cryptocurrency trading platform. According to Reuters, CoinDesk and Agence...

Greek Honey Exports Rise 10.5% as Greece Moves to Protect Its Origin

Greek honey is selling better than ever abroad, with exports climbing by around 10.5 percent in 2025 to more than $31 million. Officials say, however, that the real challenge now is protecting the product’s origin and making sure more...

OTE Core Earnings Rise as Fiber Subscriptions Keep Growing in Greece

OTE reported a 3.1% increase in third-quarter adjusted core earnings Friday as Greece’s largest telecommunications operator added fiber customers and maintained its full-year outlook. Adjusted earnings before interest, taxes, depreciation and amortization after leases reached €371.4 million, while revenue rose...

Wealthy Foreigners Flock to Greece, Bringing Investment as Traditional Athens Neighborhoods Disappear

Greece's efforts to attract wealthy foreigners are bringing new investment to Athens, particularly along its southern coastline. However, the growing demand for luxury housing is also changing established neighborhoods and raising questions about the country's ability to retain its...

From Piraeus to 113 Ports: Workers Protest the Movement of War Cargo

Ferry services to the Greek islands were suspended and cargo operations were disrupted at Piraeus on Friday, October 30, as dockworkers and seafarers joined international protests against arms shipments. About 3,000 workers participated in the walkout at the Greek...

Greece Puts Local Food and Traditions at the Heart of Tourism, Partners With US TV Series

The Greek National Tourism Organization (GNTO) and the Tourism Ministry of Greece have launched two major synchronized initiatives to promote domestic gastronomy. The strategic campaigns aim to capture a larger share of the lucrative North American travel market. Tourism officials...