Economy

Stournaras Sworn in for Historic Third Term Leading Bank of Greece

Yannis Stournaras has been sworn in for a third six-year term as governor of the Bank of Greece, making him the country’s longest-serving central bank chief since the restoration of democracy in 1974. By the time his new term ends...

Elon Musk Loses Trillionaire Status After Drop in SpaceX and Tesla Stocks

Elon Musk loses trillionaire status this week after sharp declines in SpaceX and Tesla shares cut deeply into his fortune, less than two weeks after he first crossed the trillion-dollar mark. Forbes put his net worth at $970.2 billion as...

Greece’s Tax Auditors Uncover €3.1 Million Tax Evasion Case in the Cyclades

Greece's tax auditors uncovered a €3.1 million ($3.5 million) tax evasion case involving a real estate agency and a construction company in the Cyclades after a review of their 2024 tax filings revealed major undeclared income. Inspectors from the Directorate...

How Ancient Greece Went From Barter to Money and Changed Civilization

The transition from barter to currency in Ancient Greece was a giant step in the history of civilization. The change transformed trade, reshaped political authority, encouraged long-distance commerce, and altered the way Greeks understood wealth, value, and social relationships. Before...

Greece Holds 50th Place in Global Competitiveness Ranking for 2026

Greece remained in 50th place in the 2026 IMD World Competitiveness Ranking, according to the latest World Competitiveness Yearbook released by the International Institute for Management Development and presented in Greece by the Federation of Industries of Greece, the...

Greece’s €2.5 Billion Destination Wedding Boom

A wedding in Greece is far more than a simple ceremony—it can be a luxury event that can easily exceed €157,000 ($182,000). With an average of 130 guests traveling and staying for four nights, destination weddings fuel an extensive...

The Aegean’s Hidden Wealth: Why Greece Matters in the Critical Minerals Boom

Data from the US Geological Survey reveals that Greece is a global titan in the extraction of industrial minerals. According to a recent USGS report, Greece ranks as the world's third-largest producer of perlite and pumice—accounting for 19% and...

Elon Musk Becomes World’s First Trillionaire After SpaceX IPO

Elon Musk became the world's first trillionaire on Friday after SpaceX closed the biggest stock market debut in history. Bloomberg put his net worth at $1.11 trillion at the end of trading. SpaceX began trading on the Nasdaq at $150...

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,...