Evangelos Mytilineos, Chairman and CEO of Metlen Energy & Metals (formerly Mytilineos), has announced a…
Economy
From the EU-India agreement and direct flights to shipping and the IMEC corridor, the economic…
By Greek City Times Staff The line between offline and online hotel bookings in Greece…
Greece has improved its ranking in the 2025 Corruption Perceptions Index, rising to 56th place despite a deteriorating global outlook, as judicial reforms and institutional changes are credited for progress.
Hellenic Seaplanes has secured 30 additional water aerodrome licences and is now awaiting approval for scheduled flights, a move seen as crucial for launching a national route network.
Crete and the South Aegean lead Greece in tourist spending per visitor in 2024, while Central Macedonia records the lowest expenditure, according to INSETE data.
Greece and Malta have emerged as the main holdouts against the European Union’s 20th sanctions package aimed at crippling Russia’s shadow fleet oil trade. The proposal would ban EU companies from insuring or financing tankers carrying Russian crude above the G7 price cap and blacklist dozens more shadow vessels and ports. The resistance highlights growing tensions over the impact on Europe’s maritime industry and potential energy price increases.
The HACCI National Federation met with Greece’s incoming Trade Commissioner in Sydney to discuss strengthening Greece-Australia trade ties, highlighting sectoral opportunities and collaboration. This event marks a key step in bilateral economic relations.
An alleged decade-old email in the Epstein Files claims Greeks paid northern banks for debts they never incurred, spotlighting bailout flows to German and French institutions.
The trade agreement between the European Union and India is not just a technical tariff arrangement. It…
The regional government official in Ilia, Giorgos Dimitropoulos, has personally pledged €1,000 from his salary to every woman in the village of Oleni who chooses to stay permanently or raise her children there. The initiative aims to support families, encourage motherhood, and combat rural depopulation in western Greece’s small communities.
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.
What does Greece gain from the historic trade agreement between India and the European Union?…
Since last spring, when United States President Donald Trump began his campaign of devastating tariffs,…
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.
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.
Greece extends Airbnb crackdown in 2026: New bans on short-term rental permits hit Thessaloniki, Santorini, Chania, Paros, and Halkidiki amid rising rents and housing shortages. Full details on rules, taxes, and impacts for owners.
Greek Prime Minister Kyriakos Mitsotakis pledged expanded support for farmers—including Europe’s lowest electricity rates, elimination of excise tax on agricultural diesel, VAT exemptions, accelerated subsidies, and faster insurance payouts—following substantive talks in Athens, while firmly rejecting continued roadblocks and illegal protest tactics after 45 days of disruptions.
Greece’s audiovisual cash rebate programme generated €928.7 million in GVA for the economy from 2018–2025, with a 4.2:1 ROI and thousands of jobs created annually, according to a new Olsberg•SPI study.
Effective Jan 2026, Greece slashes income taxes for families with children, offers zero tax for young workers under 25 earning up to €20,000, halves rural property tax, and introduces rental income breaks to boost long-term housing and fight demographic decline.
The Greek government has sent a clear message to protesting farmers, signaling that the set…
Metlen Energy & Metals announced the arrival of the first US-sourced LNG cargo destined for Bulgaria at Greece’s Alexandroupolis FSRU on December 29, 2025, marking a milestone in regional energy diversification and reinforcing Greece’s role as a Balkan energy hub.
Greece has signed a revised public service contract with Hellenic Train, securing €420 million in private railway investments, including the procurement of 23 new electric trains by 2027. The agreement introduces stricter performance clauses, enhanced passenger protection, and digital monitoring mechanisms aligned with European rail safety standards.
Beijing announced tariffs of up to 42.7% on dairy products from the European Union, following…
Greece is on track for “another record year” for tourism in 2025, despite ongoing labour shortages in a key sector of its economy, Tourism Minister Olga Kefalogianni said on Sunday.
Eric Trump headlines Greek House Davos 2026 as guest of honor with a keynote speech, amid expectations of President Trump’s presence; exclusive events from Jan 19-23 focus on global partnerships and Greek investment opportunities.
Greece’s Parliament approved the 2026 state budget on December 16, 2025, with 159 votes in favor and 136 against, following a five-day debate. The budget features €3 billion in measures including tax cuts, pension increases, and household support, while projecting 2.4% growth amid protests over low wages.
Greece has prepaid €5.3 billion in 2010 bailout loans ahead of schedule, saving €1.6 billion in interest and paving the way for its debt-to-GDP ratio to fall below 120% by 2029 as part of an ambitious early repayment plan.
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.
ATHENS – Greek toll road increases 2026 will raise costs for drivers nationwide starting January…
