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...
European Central Bank (ECB) President Christine Lagarde announced Thursday that she will step down on February 7, 2027, nearly nine months before her term ends. She said she wants greater freedom to speak about issues beyond monetary policy. Her...
Greek households spent more than their disposable income in 2025, with consumption exceeding available income by 6.4 billion euros ($7.1 billion), according to figures released by the Hellenic Statistical Authority.
The agency reported 171.8 billion euros ($191.3 billion) in final...
Organized outdoor hiking groups are actively transforming the stagnant economies of desolated mountain villages across provincial Greece.
This expanding tourism sector offers an unexpected financial lifeline against relentless urbanization and severe demographic decline. A recent Institute of Local Government study...
Greek Finance Minister Kyriakos Pierrakakis said the UK was Greece's largest investor in 2025, accounting for 5.3 billion euros ($5.92 billion) in investment flows, as the two countries seek closer economic ties.
Speaking at the Hellenic-British Chamber of Commerce's annual...
S&P Global Ratings, one of the major global credit rating agencies, has affirmed Greece’s long-term sovereign credit rating at BBB, with a stable outlook, maintaining the country’s investment-grade status following its scheduled review on Friday.
The US-based rating agency also...
The Bank of Greece forecasts a stable 2 percent GDP growth rate for the full 2026 calendar year. The central bank published these official economic projections in its latest "Note on the Greek Economy" report.
While the domestic economy exhibits...
Western Macedonia’s economy was 18% smaller in 2024 than it had been before the pandemic, placing the northern Greek region among the European Union’s weakest performers over the five-year period.
Figures highlighted by Eurostat on October 22 show that only...
The United Arab Emirates plans to invest an additional €15 billion in Greece through the countries’ joint investment initiative, the Abu Dhabi Media Office announced Thursday, October 22.
The announcement came during Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed...
Greece sold Japan $732.36 million in goods in 2023, with foodstuffs and processed tobacco dominating the trade, according to a new study of Greek exports. Foodstuffs accounted for $647.96 million, or 88.48% of those exports. A single processed tobacco...
Rising living costs continue to influence how Greek consumers spend their money, with households increasingly comparing prices, seeking discounts and turning to lower-cost products as financial pressures weigh on everyday purchasing decisions.
Despite signs of changing shopping habits and growing use...
The Greek government plans to extend into 2027 a tax incentive offering landlords a three-year income tax exemption for bringing vacant properties into the long-term rental market.
The proposal is included in a broader tax and spending bill announced by...
Athens ranks as the third-least affordable city for homebuyers in Deloitte’s 2026 Property Index, with only Vlorë in Albania and Prague in the Czech Republic recording worse results.
The study, covering 25 countries and 71 cities using 2025 data, compares...
More than half of all Greek households cannot cope with sudden, necessary financial expenses due to severe material deprivation. A stunning new report from Eurostat (the statistical office of the European Union) places Greece at the absolute top of...
