Economy

OpenAI Takes First Step Toward Stock Market Debut

OpenAI confirmed Monday it has confidentially filed an IPO with U.S. regulators, joining rival Anthropic as the AI sector moves toward public markets. No timeline, share count, or pricing was announced. The company said the move preserves the option for...

Greece Freezes Interest on Thousands of Restructured Household Loans

Loan servicers are freezing interest charges on thousands of restructured household loans in Greece after a Supreme Court ruling raised questions over how debt repayments should be calculated. Law 3869/2010, commonly known in Greece as the Katseli Law, covers the...

Greece to Raise Protected Bank Account Limit to €1,600 for Debtors

Greece is set to increase the protected bank account threshold from €1,250 ($1,445) to €1,600 ($1,850), allowing debtors an additional €350 ($405) per month to remain shielded from account seizures. The measure, announced in Parliament by Finance Minister Kyriakos...

Greece’s Startup Ecosystem Drops Out of Global Top 50 Despite $12B Valuation

Greece has fallen out of the world’s top 50 startup ecosystems, dropping to 51st place in StartupBlink’s Global Startup Ecosystem Index 2026. The country also slipped in Europe, ranking 29th, down from 27th in 2025. According to the report, this...

Tourism Alone Won’t Save Greece: Why a Complex Economy Is Urgently Needed

As Greece continues to lose its manufacturing industry, becoming all the more dependent on the service sector, an urgent restart and shift to a complex economy is crucial for the country's economic viability. A complex economy is interconnected with other...

Greece Plans 15% Tax on Cryptocurrency Profits

The Greek government is reportedly finalizing legislation to impose a 15% tax on capital gains derived from cryptocurrencies, aiming to formally integrate digital assets into the national tax code. According to government officials who spoke to Reuters on Friday,...

EU Review Raises Red Flags Over Greece’s Tax System

Brussels has placed Greece’s tax system back under scrutiny, highlighting tax exemptions, the VAT gap and diesel policy in the European Commission’s latest review of the country. The review does not introduce binding measures and does not amount to a...

Greece Shakes Off Crisis-Era Label With Major EU Economic Upgrade

The EU's Commission removed Greece from its list of macroeconomic imbalances on Wednesday, marking a turning point in the nation's post-crisis recovery. The move formally winds down a painful sixteen-year chapter of heightened economic surveillance that led to the...

Greece Invests €131M in Aquaculture as Abandoned Fish Farms Raise Alarm

Greece is accelerating investment in its aquaculture sector, approving 105 new projects worth €131 million ($151,9 million), while abandoned fish farms continue to raise environmental and maritime safety concerns. Greek Rural Development and Food Minister Margaritis Schinas said Wednesday that...

IMF Warns Empty Homes Are Deepening Greece’s Housing Crisis

Greece is facing a housing affordability crisis shaped not only by a shortage of available homes but also by deep distortions in the real estate market, according to the IMF’s 2026 "Greece: Selected Issues" report. The IMF’s analysis highlights...

Greece Records Europe’s Lowest Household Saving Rate

Greece has recorded the lowest net household savings rate in Europe, highlighting the intense financial pressure still facing families across the country. According to OECD data based on the latest available 2024 and 2025 figures, Greece’s net household savings rate...

80% of Greeks Say Greece Is Unfair to Its Citizens

A new survey has shown that eight in ten Greeks (80.4 percent) perceive of life in Greece as unfair to citizens, while 81.9 percent believe that wealth is distributed unfairly in favor of businessmen, while 86.5 percent call for...

Greece, US, South Korea Unveil €1.35B Plan for Elefsina Shipbuilding Hub

A new trilateral initiative involving Greece, the US, and South Korea aims to transform the western Attica port of Elefsina into a major regional hub for shipbuilding, logistics, and defense manufacturing. Known as “Project Trident,” the initiative comes as Athens...

Chevron Moves to Join Greece’s Block 10 Off Kyparissia Gulf

Chevron and HELLENiQ ENERGY have filed an official request for Chevron to enter Greece’s Block 10 concession in the Gulf of Kyparissia, the Greek Ministry of Environment and Energy announced. The request marks another step in the US energy giant’s...

Greece Creates Digital Platform for Citizens to Report Tax Evasion

Greece’s Independent Authority for Public Revenue, known as AADE, plans to launch a new digital reporting platform to strengthen the country’s fight against tax evasion, smuggling, corruption, and financial crime. The platform is expected to go live by the end...