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Property prices in Greece are surging at the fastest rate in Europe, as real estate costs far exceed the budget of the average Greek household, according to Bloomberg’s analysis

Austrians are the most satisified

The head of Greece’s Independent Power Transmission Operator (IPTO or ADMIE) last week announced the start of the long-awaited construction phase of a subsea electric power transmission system linking the power grids of Israel, Cyprus and Greece. The massive and ambitious EuroAsia Interconnector Ltd. project will span much of the eastern Mediterranean, connecting the Middle East […]

Greek Prime Minister Kyriakos Mitsotakis met with the Netherlands’ caretaker Prime Minister Mark Rutte at The Hague on Friday. Talks focused on the agenda of an upcoming European Council meeting, with the main topics set to revolve around the situation in Ukraine, EU enlargement policy and the Union’s long-term budget for 2021-2027. “We are particularly […]

Aiming to reduce the 20,000 lives lost annually on EU roads and to help fill the market's need for more truckers, the new rules change terms around the award of licenses and strive to prepare drivers for the increased presence of scooters and cycles on roads

People in Greece apparently work more hours than most other residents of European Union countries, with only Romania and Bulgaria fielding longer labor hours, according to results of a report released this week by the French institute Rexecode. In fact, a worker/wage-earner/self-employed professional’s average weekly employment is far higher than then EU average, more-or-less busting […]

Minister of Culture Lina Mendoni said that the current unique climate was conducive to seeking the repatriation of forcefully removed and stolen cultural artifacts from countries of origin

Safety concerns are escalating at Europe's most dangerous nuclear processing plant

Greek policy priorities include the fight against poverty and social exclusion, the economy and job creation and public health

Greece stands on the cusp of becoming a pivotal hub for the European hydrogen and fuel cell sector, but the nation faces critical challenges that demand urgent attention and strategic planning.

Average interest rates for consumer loans, which fluctuated between 4.64% and 5.69% in early 2022, have climbed to 7.28% and 8.59%, according to the latest European Central Bank (ECB) figures

Repeated thefts of olives, even while still on trees, the collected crop and refined olive oil around Greece generated a Reuters article this week. A poor harvest in the country – of only 170,000 tons – and lower production in Spain and Italy, combined with still pesky food price inflation, has led to numerous theft […]

Trade is undoubtedly an important indicator of the health and vitality of any economy. In this context, the effective exercise of the European Union’s trade policy is crucial for the Greek economy, since none of the Member States can assert its national interests in international markets on its own. The EU is currently the largest […]

Only citizens in Poland and Greece spend more than they save

Greece’s largest and most historic port city, Piraeus, will usher in its Christmas and New Year’s series of events on Friday with the lighting of the municipality’s Christmas tree in front of the Municipal Theater. The tree-lighting ceremony will be officiated by Piraeus Mayor Yannis Moralis, with the accompaniment of the municipality’s philharmonic orchestra, the […]

A closely watched draft bill on Non-Performing Loans (NPLs) was passed by Greece’s Parliament on Monday afternoon, with the 158 deputies of ruling New Democracy (ND) party only voting in favor. Voting against were 139 deputies from opposition parties. Three MPs did not vote. The legislation incorporates EU Directive 2021/2167 into Greek law. Opposition parties […]

European officials emphasized to the Financial Times that EU member states are far from reaching an agreement on topping up the bloc's common budget – including €50 billion for Ukraine – ahead of the summit in Brussels on December 14-15

The Region of Central Greece posted the highest gender employment gap in all of Europe in 2022 at 31.4 pp, according to a report released last week by Eurostat. The gender employment gap is defined as the difference between the employment rates of men and women aged 20-64 and stood at 10.7 pp on average […]