In the 21st century, access to the internet is no longer a luxury—it is a…
Tag: digital economy
Greece has emerged as a digital frontrunner in the EU, achieving 99.8% 5G coverage in 2024—one of the highest rates in Europe—according to the European Commission’s latest Digital Decade report. The country also saw major gains in broadband infrastructure and AI adoption, positioning itself as a growing tech hub.
Greece’s mandatory POS-cash register integration has transformed the economy, boosting tax compliance and uncovering hidden transactions. The Hellenic Revenue Authority reports a €2.66 billion revenue increase in 2024, with one-third of VAT growth from 2022-2024 tied to this digital shift. Electronic payments surged by €7.5 billion, particularly in catering, transport, and tourism, enabling tax relief and social reforms while fostering a transparent fiscal environment.
Greece has finalised its institutional framework for data centre licensing, paving the way for the country to become a global digital hub. A new Joint Ministerial Decision, effective from 1 March 2025, sets clear regulations for data centres based on their capacity and service type. Deputy Development Minister Anna Mani-Papadimitriou hailed the move as a key step in modernising Greece’s digital infrastructure and attracting international investment.
Greek authorities have made their first-ever cryptocurrency seizure, confiscating 273,000 USDT (Tether) as part of a criminal investigation. This milestone underscores the growing challenges of combating crypto-related crimes and the need for expertise in handling digital assets. The seizure is part of a broader effort to address cryptocurrency scams, which are becoming increasingly prevalent in Greece
The European Union has approved new rules requiring platforms like Uber and Airbnb to collect and remit VAT on services provided through their platforms, leveling the playing field with traditional businesses. The regulation, effective from 2030, aims to boost VAT revenues by €6.6 billion annually and reduce tax inequalities. Despite initial resistance and a five-year delay, the reforms promise fairer competition and streamlined compliance through a new “one-stop shop” system for businesses across the EU.
