ECONOMY

Kikilias: €23.8m contract for seven fast patrol boats for the Coast Guard

Kikilias: €23.8m contract for seven fast patrol boats for the Coast Guard

The new patrol boats will be capable of reaching speeds of at least 50 knots and covering distances of at least 320 nautical miles.

Hatzidakis: We are heading for a new record in arrivals and tourism receipts in 2026

Hatzidakis: We are heading for a new record in arrivals and tourism receipts in 2026

Government Vice-President Kostis Hatzidakis outlined the government’s four key tourism priorities at the Rethymno Tourism Summit 2026.

Households: Consumption is growing faster than income

Households: Consumption is growing faster than income

Disposable income among Greek households rose by 3.7% in 2025, but consumer spending increased by 5.2%, widening the gap between the two. The figures are from ELSTAT.

Assets frozen, bank accounts scrutinised in Pizza Fan and ‘Choriatiko’ cases

Assets frozen, bank accounts scrutinised in Pizza Fan and ‘Choriatiko’ cases

Greece’s Anti-Money Laundering Authority freezes assets of key suspects as tax fraud investigations continue.

HAIC: Wildfire compensation bill stands at €6.41m

HAIC: Wildfire compensation bill stands at €6.41m

The Hellenic Association of Insurance Companies (HAIC) recorded 164 claims from this summer’s wildfires. The substantial insurance protection gap places a significant burden on citizens and the state budget.

Income thresholds raised for nursery vouchers

Funding is being increased and eligibility criteria widened. The changes apply automatically to those who have already received a voucher. A second call for applications is being prepared.

Three dominant trends in Greece’s holiday-home market

Demand from the US and Canada up 50%, a shift to new-build homes and purchases aimed at permanent relocation. Elxis forecasts sales growth of 15% in 2026.

Which areas are moving to fully digital Cadastre services

Property transfers are set to change in five municipalities in Thessaly. Twelve new online services are being introduced for property owners. Court fee stamps are being abolished for good.

€1.1bn in extra VAT revenue in the first nine months

The budget posted a primary surplus of €7.55bn. Tax revenue exceeded the target, while investment spending is ‘gaining pace’ thanks to the Recovery and Resilience Facility.

A new round of house price rises is on the way

The energy crisis, higher construction costs and resilient overseas demand are giving the market fresh impetus. Where economists see prices heading this year and in 2027.

What measures is the market calling for to phase out cash?

Angelos Giannakopoulos: Arrest in fraud case, Choriatiko and beach bars

Bank of Greece warns of AI attacks and quantum threat to banks

Lapanaitis (Square Lime): 17% of revenue came from last-minute bookings

€100m fraud involving Choriatiko bakery chain; owner arrested

The hidden fear hanging over tourism in 2027

GEK TERNA and Aktor among the world’s 100 largest construction groups

161 Collective Labour Agreements Signed Since February

Incentives for 250 transport companies to leave Elaionas

Why Greek households’ piggy banks stay empty

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