Mastercard will launch a pilot in Greece in 2026 allowing consumers to withdraw cash at store checkouts for free, using the country’s widespread POS network as an alternative to ATMs.
Economy
Greek Shipping Minister Vassilis Kikilias and U.S. Ambassador Kimberly Guilfoyle agree to deepen cooperation on port investments, shipbuilding know-how, and Eastern Mediterranean security, with the U.S. eyeing Greece as a key partner under President Trump’s new shipbuilding initiative.
The Italian olive oil market is entering a redistribution phase, offering Greek producers opportunities amid challenges. While Greece maintains strong exports to Italy, the reliance on bulk sales allows Italian brands to capture significant added value, highlighting the need for greater Greek branding efforts.
Greek-American JPMorgan CEO Jamie Dimon warns that Europe’s slow bureaucracy and declining economic strength pose a major risk to the US, urging a long-term strategy to strengthen the continent.
Labor and Social Security Minister Niki Kerameus headed to New York for the landmark Rebrain…
Beef in Greece nears €20/kg as Christmas approaches. Imports collapse, 13% VAT bites hard & local supply runs dry – families face record-high holiday meat bills.
Hundreds of thousands of sheep and goats across Greece are being culled amid an outbreak…
New urban plan for Santorini slashes buildable land from 78% to under 7%, dramatically curbing overtourism and sprawl.
Prime Minister Kyriakos Mitsotakis, speaking in London, announced a 22% rise in real net disposable income over six years and confirmed national elections will be held in spring 2027, expressing strong confidence in New Democracy’s re-election.
Greek taxi drivers will stage a 48-hour nationwide strike on 2–3 December 2025, halting all services nationwide to demand delayed electric-vehicle mandates, higher fares, and action against ride-hailing apps.
In his latest Mark Bouris economic update, the finance expert warns of Australia’s deepening housing crisis. Discover calls for bold reforms and tips for business leaders.
JP Morgan remains strongly bullish on Greek bonds for 2026, naming Greece a top carry-trade pick in the eurozone thanks to robust fundamentals, political stability, and ongoing debt reduction.
Ermou Street in central Athens has risen to 15th place among the world’s most expensive shopping streets, with rents reaching €310/sq.m. per month following a 7% increase, according to Cushman & Wakefield’s latest report.
Greece is attracting more than 1,200 millionaires annually, bringing billions in assets and investing in real estate, startups, and tourism. With tax incentives, lifestyle appeal, and successful migration programs, Greece ranks 8th worldwide for wealthy relocations.
Greece’s 2026 Budget delivers €3.2 billion in permanent income-support measures targeting more than 5 million households. Key policies include tax cuts for families and workers, pension increases, housing incentives for vacant properties, and substantial relief for rural and island communities.
In the first half of 2025, Cyprus’s iconic PDO halloumi overtook pharmaceutical products to become the island’s second-largest export, reaching €201.1 million and underlining cheesemaking as a key pillar of the national economy.
Prime Minister Kyriakos Mitsotakis visits Singapore on 20–21 November 2025 to promote Greece as an attractive investment destination, meet Singapore’s leadership, and participate in the Bloomberg New Economy Forum.
Small-value purchases made by European consumers from third-country platforms, such as TEMU and SHEIN, are…
Morgan Stanley forecasts Greece will remain one of the eurozone’s fastest-growing economies through 2027, with steady 2% GDP growth, rapidly falling public debt, and strong domestic demand driven by wage hikes and RRF-funded investments.
Greece’s 2025 Christmas bonus will be paid earlier due to the December 21 deadline falling on a Sunday, with unemployed recipients receiving up to €540 thanks to the minimum wage rise to €880.
Greece and Ukraine signed a Declaration of Intent for US LNG supply from December 2025 to March 2026, enhancing regional energy security via the Vertical Corridor.
Fitch Ratings has upgraded Greece to “BBB”, moving the country higher within investment grade and recognising its fiscal discipline, rapid debt reduction, and resilient economic growth
Beef has become a luxury in Greece, with minced meat prices surging 50% in one year to at least €12/kg at the lowest, driven by reduced European production amid EU restrictions, animal diseases, and high energy costs.
Eurobank looks east, weighing the growth prospects of the Global South, while also utilizing the…
Greece is emerging as a vital hub in Europe’s new energy landscape, with major agreements involving ExxonMobil and Chevron advancing hydrocarbon exploration south of Crete, the Peloponnese, and the Ionian Sea. The deals position Greece as a regional energy and LNG transit center, reducing Europe’s reliance on Russian gas.
ExxonMobil acquires 60% stake in Ionian Sea Block 2 through a farm-in agreement with Helleniq Energy and Energean, with drilling set for 2027. The deal was signed during the P-TEC summit in Athens amid U.S. efforts to boost LNG exports to Europe and support Ukraine’s energy needs.
MEP Farantouris: Greece should study the budgets of other EU states for measures to support citizens
According to the Member of the European Parliament and Jean Monnet Professor of EU Law,…
For the first time in 14 years, more Greeks are returning than leaving, with 422,688 repatriates, mostly married professionals with children in their 40s, boosting sectors like construction and education. Driven by family ties and patriotism, they face challenges like lower wages, despite Greece’s economic recovery.
In his weekly Facebook address, Prime Minister Kyriakos Mitsotakis announced measures to combat inflation, including doubling discounted supermarket products and providing heating allowances before Christmas. He debunked claims of a 13-hour workday, outlined vocational training academies, and detailed support for farmers, wildfire victims, and infrastructure upgrades in healthcare, justice, and sports.
Greece has reaffirmed its status as a world leader in shipping throughout September, taking centre stage at major international maritime events and advancing dialogue on security, sustainability and the industry’s future.
