Business

Greek business news & global insights from Greece, Middle East, Africa & beyond. Greek City Times covers markets, startups & more. Stay informed!

METLEN Achieves Landmark Milestone: First 5kg of Gallium Produced in Greece

METLEN Energy & Metals has achieved a historic milestone by producing the first 5 kilograms of gallium in Greece at its Aluminium of Greece plant in Viotia. The breakthrough, announced by CEO Evangelos Mytilineos, uses patented technology to extract the critical raw material from bauxite, paving the way for large-scale production and boosting Europe’s strategic autonomy in semiconductors and high-tech industries.

Cash Greece

Greece Minimum Wage 2026: Consultation Begins, €950 Target by 2027

The 2026 minimum wage setting in Greece has begun with consultations involving workers, employers, and scientific experts. Minister Niki Kerameus reaffirms the goal of €950 monthly minimum wage (and €1,500 average) by 2027. The increase, effective April 2026, balances worker income support with business and fiscal sustainability amid falling unemployment and job growth. A new formula-based system linked to low-income inflation and productivity launches in 2028 for greater transparency and protection.

electric car electrification

Greece 2026 Car Subsidy: Up to €30,000 for Electric Vehicles – Eligibility, Criteria & Details

Greece launches a major 2026 subsidy program offering up to €30,000 for new electric or low-emission vehicles under the Climate and Social Plan. Aimed at transport-vulnerable groups—families with children, island/mountain residents, people with disabilities, low-income students, and small businesses—the initiative requires scrapping old polluting cars. Benefits include direct subsidies, state-guaranteed 10-year loans, and extra support for charging infrastructure. With Greece’s vehicle fleet averaging 17+ years old, this socially equitable push accelerates electromobility, reduces emissions, and modernizes transport nationwide.

EIB commits €490M to Greek link ending electrical isolation of Northeast Aegean islands

The European Investment Bank (EIB) has approved €490 million in financing for the IPTO North East Aegean Interconnection project, which will connect the islands of Lemnos, Lesvos, Chios, Samos, and Skyros to Greece’s mainland grid, ending their electrical isolation and replacing diesel power with cleaner, more reliable electricity.

Lululemon announces its largest single-year expansion in 2026, entering six new markets including Greece, Austria, Poland, Hungary, Romania, and India through franchise agreements, bringing premium athletic and lifestyle apparel to more consumers worldwide.

Lululemon Announces Record International Expansion for 2026, Including Entry into Greece and Five Other New Markets

Lululemon announces its largest single-year expansion in 2026, entering six new markets including Greece, Austria, Poland, Hungary, Romania, and India through franchise agreements, bringing premium athletic and lifestyle apparel to more consumers worldwide.

Greece Launches €250,000 Startup Golden Visa, But Strict Ownership and Job-Creation Rules Raise Concerns

Greece’s new €250,000 Startup Golden Visa offers one of Europe’s lowest entry points for residency through venture investment, but a 33% ownership cap and strict job-creation rules tied to renewal make it a high-risk option suited only to venture-tolerant investors.

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