The ongoing war in the Middle East involving Iran is prompting Greece’s government to adopt a cautious stance on the upcoming minimum wage adjustment, set for April 1, 2026. With rising fuel and energy prices fueling inflation fears, the planned hike is now expected to be modest—around €40—bringing the gross monthly minimum wage to approximately €920
Economy
Business and community leaders welcomed the new Greek Consul General, Sydney George Skemperis, and Christina Stefanidou at a landmark reception hosted by Business Sydney and the Hellenic Club.
Lebanon signals bold interest in the US-backed IMEC trade route, linking India to Europe through the Middle East and Greece. Amid economic hopes and Israel-related sensitivities, this could revive Beirut’s ports and expand Eastern Mediterranean connectivity.
Greece braces for geopolitical and economic challenges after the Israel–US strike on Iran. Safety of citizens, maritime risks, rising fuel prices, and regional tensions are top concerns.
The inaugural Delphi Economic Forum Sydney features Greek PM Kyriakos Mitsotakis on March 27-28, 2026, discussing economic ties and global issues.
ENFIA 2026 assessments are being posted before mid-March, affecting 7.3 million properties. Around one million owners will see major reductions, while others face higher charges depending on acquisitions and E9 declarations.
Greece is set to make the digital labor card (Ψηφιακή Κάρτα Εργασίας) mandatory nationwide in 2026, extending to the public sector and completing private sector coverage. Powered by the new ERGANI II system launched in February 2026, the reform boosts transparency, uncovers overtime, and adds €800 million to insurance funds.
Greek-origin founders shine as Axelera AI raises over $250M, pushing total funding past $450M. Explore the diaspora’s AI surge in early 2026 with massive rounds across Europe and beyond.
Kyriakos Mitsotakis has announced a €30 million infrastructure package for the Evros region, targeting water security, recovery from floods, and long-term resilience in northeastern Greece.
Shell and METLEN Energy & Metals have signed a major MoU for LNG supply and trading, delivering 0.5-1.0 bcm annually to Greek terminals from 2027-2031, boosting regional energy security.
As the EU bans Russian gas by 2027, Greece leverages LNG terminals at Revithoussa and Alexandroupolis plus the Vertical Corridor to become the key gateway for US LNG into southeastern and central Europe.
As the EU’s Recovery and Resilience Facility nears its August 2026 end, Greece reports 53% milestone completion (204 out of total) under Greece 2.0. With €24.57B in expected disbursements and strong SME support, the government vows no euro lost amid pressure to finalize reforms.
A recent report from the General Secretariat of Trade has highlighted a striking trend: between…
Greece ranked among the highest in the European Union for annual price increases in December 2025, according to Eurostat, with sharp rises in meat, dairy, airfares, rents and holiday packages. The latest data also show steep cumulative increases since 2019, significantly impacting household purchasing power across the country.
Brad Pitt arrives in Hydra for the filming of The Riders, as Greece’s booming audiovisual sector generates nearly €1 billion in economic impact and attracts major international productions.
Evangelos Mytilineos, Chairman and CEO of Metlen Energy & Metals (formerly Mytilineos), has announced a…
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.
