Greece is preparing a support program worth nearly €60 million ($69 million) for the country’s ferry industry as rising marine fuel costs increase operating expenses and raise concerns about higher ticket prices.
The government aims to help ferry companies absorb...
Greece’s casino industry is undergoing a major transformation, with high-profile investments and relocations redefining the market.
While casinos now account for a smaller share of the broader gambling sector, with the total Greek gambling market reaching $31.5 billion (€29.2 billion)...
Nearly half of all Greeks reported they could not afford a week-long vacation away from home in 2025, according to new data from Eurostat. With 46.6% of the population affected, this placed Greece among the worst-off countries in the...
Average gross monthly earnings in Cyprus increased by 3.7 percent during the first quarter of 2026, reaching €2,601 (about $2,960), according to provisional figures released by the Cyprus Statistical Service (CYSTAT).
The increase marks continued wage growth across the Cypriot...
A planned gallium production facility in central Greece has secured a long-term supply agreement with a major US technology company before commercial operations begin.
METLEN Energy & Metals announced on Wednesday that the agreement covers approximately 25 percent of the...
New figures from the International Monetary Fund project that Greece will have one of the world's highest debt-to-GDP ratios in 2026. The country's government debt is expected to amount to nearly 137% of its total economic output, placing it...
Hebrew-language billboards promoting real estate have become increasingly visible in parts of Cyprus, particularly around coastal areas where developers are targeting buyers from Israel.
The advertisements point to a general trend in the property market of Cyprus. Foreign purchasers have...
Greece’s tourism revenue rose sharply during the first five months of 2026, with travel receipts climbing 25.8 percent to €5.3 billion ($6.04 billion) as inbound arrivals increased 20.9 percent to 8.5 million travelers.
Inbound travel rose from 7.08 million visitors...
Greece has reduced household debt by 43% since it reached its 2012 peak, one of the sharpest declines recorded anywhere in the European Union, according to new Eurostat data. The debt burden of Greek households, measured as a share...
Piraeus rose to second place among the Mediterranean’s leading cruise home ports in 2025, strengthening its position as one of the region’s most important passenger gateways.
The Greek port recorded 1,091,364 home-porting passenger movements during the year, according to the...
Greece’s real estate market attracted €12.4 billion ($14.15 billion) in foreign investment between 2019 and 2025 according to data from the Bank of Greece. The figure represents a substantial increase compared with the amounts recorded in earlier years.
From 2002,...
Greece and nine other European Union member states have urged the European Commission to reconsider plans to introduce carbon pricing for road transport and heating fuels, warning that the measure could increase costs for households.
Italy, Poland, Bulgaria, Cyprus, the...
A comparison of consumer prices and wages by Deutsche Bank highlights the growing mismatch between incomes and everyday costs in the Greek capital, where many goods and services are priced surprisingly close—or, in some cases, even exceed—those in New...
Athens recorded the fastest increase in rents among major cities surveyed worldwide over the past decade, according to Deutsche Bank's latest Mapping the World's Prices 2026 report, highlighting the growing pressure facing Greek households despite years of economic recovery.
The...
Greece recorded the highest implicit tax rate on labor in the European Union in 2024, underscoring the scale of the tax burden attached to employment in the country.
The rate reached 44.8 percent, compared with an EU average of 37.1...
