Defence Min Dendias: Only third countries upholding EU values should participate in Common European Defence
The main themes of the Council were the ReArm Europe project, the White Paper on European Defence and the situation in Ukraine.
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GREECE
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Defence Min Dendias: Only third countries upholding EU values should participate in Common European Defence -
Greece vows to spend €25 billion on armed forces overhaul centered on high-tech warfare technology
Greece vows to spend €25 billion on armed forces overhaul centered on high-tech warfare technology
Defense Minister Nikos Dendias told Parliament the overhaul will be built around a planned air defense system called “Achilles Shield,” primarily aimed at addressing tensions with neighboring Turkey.
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Fitch upgrades Greek banks – “Bonus” for National Bank and Eurobank
Fitch upgrades Greek banks – “Bonus” for National Bank and Eurobank
The rating agency Fitch has upgraded Greek banks, citing improved credit profiles, strong profitability, and reduced non-performing exposures (NPEs), while also forecasting Greece’s continued economic outperformance compared to the Eurozone
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Inflation in Greece at 3.1% in March, Eurostat Reports
Inflation in Greece at 3.1% in March, Eurostat Reports
Average inflation in the eurozone settled at 2.2%, compared to 2.3% in February. The high prices in Greece highlight the ongoing cost-of-living pressures in the country.
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Greeks in Bangkok share their firsthand accounts of the deadly earthquake
Greeks in Bangkok share their firsthand accounts of the deadly earthquake
According to AP, the 7.7-magnitude tremor has claimed the lives of at least 144 people in Myanmar and 10 in Thailand. As of now, no Greek citizens have been reported among the casualties or injured.
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Metlen in Greece Targets 50 Tonnes of Gallium Production by 2028, Meeting EU Demand
Metlen in Greece Targets 50 Tonnes of Gallium Production by 2028, Meeting EU Demand
The announcement follows the European Commission’s release this week of a list of 47 strategic projects, including initiatives in Greece, aimed at enhancing the EU’s supply of materials vital for its energy transition and security. Gallium is among the key minerals highlighted in the plan.
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Greece’s sector is off to a roaring start this year, revealing a striking increase in visitors
Greece’s sector is off to a roaring start this year, revealing a striking increase in visitors
German tourists led the pack in numbers, flocking to Greece’s sunlit shores and historic sites. American visitors proved the biggest spenders, pouring €40.9 million into the economy—€5.4 million more than their German counterparts. The strong showing from these key markets underscores Greece’s enduring appeal as a top global destination.
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Greece Announces Minimum Wage Increase to 880 Euros
Greece Announces Minimum Wage Increase to 880 Euros
Prime Minister Kyriakos Mitsotakis announced that Greece’s minimum wage will increase to 880 euros starting on April 1, 2025.
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How Messinia became a Premier Golf Destination
How Messinia became a Premier Golf Destination
However, in point of fact, the country now shines on the map of destinations for any avid golfer – amateur or professional. Last year alone, Golf Inc. awarded another clubhouse at Costa Navarino, while World Golf Awards gave the destination the prestigious title “World’s Best Emerging Golf Destination” and declared its International Olympic Academy Golf Course the “World’s Best New Golf Course.”
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Chevron’s expression of interest for hydrocarbon exploration off southern Crete accepted
Chevron's expression of interest for hydrocarbon exploration off southern Crete accepted
The environment and energy ministry spoke of "another important development that strengthens the country's efforts to utilise its national energy resources and competitive advantages, for the benefit of all citizens."
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Greece’s current account surplus decreased by 784.3 million euros in January 2025 to total one billion euros
Greece's current account surplus decreased by 784.3 million euros in January 2025 to total one billion euros
According to the central bank, a goods deficit widened, “reflecting a larger rise in imports than in exports. At current prices, exports increased by 1.8% (2.4% at constant prices) and imports by 4.8% (4.1% at constant prices). Specifically, non-oil goods exports at current prices grew by 6.3% (7.0% at constant prices) and the corresponding imports increased by 9.2% (8.3% at constant prices).”
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Greece to Raise Minimum Wage to €880 in April
Greece to Raise Minimum Wage to €880 in April
The new gross monthly minimum wage is expected to rise by 5% to 6%, reaching approximately €880, in a country where almost half of employees make less than €1,000 per month.
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Greece Extends Visa Program for Turkish Visitors to Aegean Islands Until 2026
Greece Extends Visa Program for Turkish Visitors to Aegean Islands Until 2026
This step was part of a broader effort by Greece and Turkey to improve ties after years of disputes, following a roadmap established during that time.
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Eurostat: Greek Job Vacancy Rate 4th Last in Eurozone
Eurostat: Greek Job Vacancy Rate 4th Last in Eurozone
Job vacancies, as defined by Eurostat, include positions that must be filled immediately or within a maximum of three months
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The ‘Hot Spots’ in Greece for Holiday Properties
The ‘Hot Spots’ in Greece for Holiday Properties
In recent years, there has been a notable shift among residential property developers toward the holiday home market in Crete.
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Greece vs Scotland: A crucial challenge tonight for the first step towards Nations League promotion
Greece vs Scotland: A crucial challenge tonight for the first step towards Nations League promotion
The Greek national team takes on Scotland tonight at the Karaiskakis Stadium, which will be packed with fans, in the first leg of their battle for promotion to League A of the Nations League
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Turkey is preparing to ratify framework military agreements with three Balkan countries that surround Greece
Turkey is preparing to ratify framework military agreements with three Balkan countries that surround Greece
The agreements were quickly pushed onto the agenda of the Turkish Parliament, in contrast to the usual lengthy approval processes for similar military agreements. Ankara views them as part of a broader strategy to enhance defense cooperation and address regional security threats.
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In the Economist Intelligence Unit’s (EIU) Democracy Index 2024, Greece has slipped five places
In the Economist Intelligence Unit’s (EIU) Democracy Index 2024, Greece has slipped five places
Greece earned a flawless 10 in “Electoral Process and Pluralism,” underscoring the robustness of its electoral framework. However, its score plummeted to 6.79 in government functioning, pointing to deficiencies in transparency, accountability, and administrative efficiency.
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Greece to Invest Over €25 Billion in Arms Modernization by 2036, Including Submarines and Fighter Jets
Greece to Invest Over €25 Billion in Arms Modernization by 2036, Including Submarines and Fighter Jets
While the plan signals Greece’s commitment to military modernization, critics might question whether such heavy spending prioritizes defense over social needs, especially post-austerity, and how it might escalate tensions with Turkey rather than foster dialogue.
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Greece Emerges as a Top Destination for Luxury Real Estate
Greece Emerges as a Top Destination for Luxury Real Estate
The country ranks among the top ten globally for projected net inflows of millionaires in 2024, securing the eighth position. The UAE tops the list, followed by the United States.
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Greece to tap markets with reissue of 15-year and 30-year bonds
Greece to tap markets with reissue of 15-year and 30-year bonds
The Public Debt Management Agency (PDMA) gave a mandate to Barclays, BNP Paribas, Commerzbank, Eurobank, JP Morgan and Piraeus Bank to proceed with the re-opening of the existing bonds maturing on July 18, 2038 with a coupon of 4.375% and those maturing on June 15, 2053 with a coupon of 4.125%.
