Economy

How Greece’s €100,000 Flat Tax Is Luring the World’s Billionaires

For most of the last decade, the story out of Greece was who was leaving the country. Now there is a smaller, quieter story about who is actually arriving, and it involves considerably larger bank balances. Chris Rokos, the...

Greek Island Offers Families €3,000 for Every Newborn

A Greek island is offering families a €3,000 ($3,500) birth grant for every child born there, in a new effort to support young families and strengthen its demographic future. The Municipality of Nisyros unanimously approved the one-time payment for families...

Greek Exports Hit €32.8 Billion as Food, Machinery and Industry Gain Ground

Greek exports are off to a strong start in 2026, rising 14.9 percent in the first seven months of the year to €32.76 billion, according to provisional data released by the Hellenic Statistical Authority (ELSTAT). The increase accelerated in July....

The Sectors Driving Greece’s Growth as Real Estate Activity Plunges 41%

Greek service sectors grew steadily over the past year, with six of seven categories showing gains even as real estate activity alone fell sharply by roughly 41 percent, according to seasonally adjusted figures published by Eurostat. The decline in real...

Billionaire Hedge Fund Manager Chris Rokos Leaves UK for Greece

Billionaire hedge fund manager Chris Rokos is moving his residency from the United Kingdom to Greece, becoming the latest prominent financier to leave Britain as the country grapples with an exodus of wealthy residents following changes to its tax...

What Travelers Love Most About Greece—and What They Don’t

Greece maintains high satisfaction levels across digital platforms and social media, with culture, gastronomy, and local hospitality serving as the primary drivers of positive traveler sentiment. Conversely, environmental pressures, infrastructure strains, and sustainability concerns represent the key areas receiving...

Greek PM Announces Broad Tax Relief and Income Support at Thessaloniki Fair

Greek Prime Minister Kyriakos Mitsotakis announced a broad program of tax relief, wage increases and social support during his keynote address at the 90th Thessaloniki International Fair on Saturday evening. Mitsotakis said the government’s objective was to return the benefits...

Greeks Recorded EU’s Lowest Tourism Spending Per Night

Eurostat figures show that longer holidays and a strong preference for domestic travel pushed Greece to the bottom of the EU ranking for nightly tourism expenditure. People living in Greece spent an average of €49.40 per person for each night...

Wealth of the World’s Billionaires Topped $15 Trillion for the First Time

The wealth of the world's billionaires climbed past $15 trillion for the first time in 2025, marking a year of record gains fueled largely by a boom in artificial intelligence (AI) investment, according to a new report from global...

Greece’s Thessaloniki International Fair Marks 100 Years

The city of Thessaloniki is buzzing with anticipation as the 90th Thessaloniki International Fair (TIF) opens its doors (September 5–13, 2026), marking the milestone of 100 years since the event's inaugural edition in 1926. This year’s exhibition pairs a...

Netherlands Moves 86 Tonnes of Gold From US and Canada to London

The Dutch central bank has reallocated about 86 tonnes of gold held in the United States and Canada to London, putting the Netherlands' gold reserves in focus as global tensions rise and officials seek easier access to the bullion...

Tsipras Unveils Economic Plan for Greece With Higher Wages, Tax Cuts

In a packed convention hall in Thessaloniki, amid a charged and energetic political atmosphere, former PM Alexis Tsipras, leader of the newly established Hellenic Left Coalition (ELAS), presented his party’s comprehensive economic and governance platform on Wednesday evening. The event...

The Household Expenses That Set Greece Apart From the Rest of the EU

New figures from Eurostat show that food, dining out, and transportation now account for more than half of all household expenses in Greece. The data, reflecting spending patterns as of January 2026, give one of the clearest pictures yet...

Wall Street Falls, Oil Rises After Renewed US Attack on Iran

  Major US stock indexes ended lower as Brent crude climbed above $95 a barrel, reviving inflation concerns and uncertainty over the Federal Reserve’s next move. Wall Street began September with broad losses on Tuesday, September 1, after a renewed US...

Who Owns Greece’s Ports? The Companies and Billionaires Behind Them

Greece's ports are becoming some of the most closely watched pieces of infrastructure in the Eastern Mediterranean. But the ownership map is more complicated than the simple idea that Greece has “sold its ports” to foreign companies. At Piraeus, Chinese shipping...