ECONOMY

Electricity prices in Greece hit four-year high

Electricity prices in Greece hit four-year high

Scenes from the previous energy crisis are returning to the domestic electricity market, with prices at levels not seen since January 2023. The government is reportedly seeking additional funding under the escape clause, along with permission to change how it is used.

Grants of up to €600,000 for employee training in strategic technologies

Grants of up to €600,000 for employee training in strategic technologies

The €20 million scheme covers 50% of eligible costs and is open to businesses with at least 100 employees. Applications open on 2 November, with total funding of up to €1.2 million available.

Automatic foreclosures added to bilateral debt deals

Automatic foreclosures added to bilateral debt deals

The new framework includes protective safeguards and standardized procedures that favor performing borrowers during negotiations. However, creditors will be allowed to proceed with foreclosures without obtaining a payment order.

What is changing for debt collection agencies

What is changing for debt collection agencies

The Development Ministry is scrutinising capital adequacy, call centres and staff training. A new decision sets out annual checks and rules for registration and removal from the register.

Tax authority: Changes to tips, e-receipts and children’s savings

Tax authority: Changes to tips, e-receipts and children’s savings

A new bill introduces the Individual Investment Account for Minors, with a state contribution of up to 1,200 euros a year. It also extends tax incentives for electronic receipts in sectors at high risk of tax evasion. How much the tax-free threshold for tips will rise.

How Italy is reshuffling the deck in the power market

What Italy’s move to subsidise gas costs for power generation under the “Iberian model” signals. Why it matters to Greece. The pros and cons of the move.

e-EFKA: From 80 to 135 digital services

A new information system, the digitisation of 54 million pages and remote service tools are being rolled out by e-EFKA. The challenge is to cut red tape, process requests faster and reduce visits to branch offices.

OECD gives Greek justice system positive assessment

Greece scores above 50% for access to tailored legal support, compared with 39% across the OECD. The report also highlights initiatives for children, efforts to combat racism and the digital transformation of the justice system.

Niki Kerameos in Luxembourg for EPSCO Council meeting

The Minister of Labour will attend the meeting on the Quality Jobs Act. On the sidelines of the meeting, she will hold bilateral talks with her Finnish counterpart, Matias Marttinen. She will also meet David Bronzina, the Council’s Director-General for Employment.

All support measures announced at Thessaloniki International Fair open for consultation

From zero tax rates for families with three children and farmers to a new investment savings pot for children, the draft bill put out for consultation includes measures for 2026 and 2027. The implementation dates and key changes.

Greek spirits exports flat

Shipping: More than 100 ships harness wind, cutting fuel use by up to 25%

EU: Unified capital markets supervision and investment accounts

Subsidies cover half the increase in heating oil prices

BIS-IMF: The ‘Buffett Indicator’ and fears of a market storm

Illegal gambling ring dismantled in Thessaloniki and Kavala

Kikilias: Greece and Japan control 32% of the global merchant fleet

Papastavrou: Crete is becoming an energy and tourism hub in the Eastern Mediterranean

€71.78 million in payments to more than 80,000 beneficiaries by e-EFKA and DYPA

Theodorikakos: Aspropyrgos Business Park licensing process to be accelerated

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