Subsidy scandal shakes ruling party
The conservative government is again staring at the prospect of some of its officials facing judicial pursuit, this time for a corruption scandal involving the mismanagement of European Union farming subsidies.
WSJ: Goldman abandons Greek hotel investments
Goldman Sachs has sold three seaside resorts it bought in northern Greece in 2022 at a low price, barely breaking even on the roughly €100 million it had invested in the project, according to the Wall Street Journal on Sunday which cited people familiar with the matter.
Severe heat wave hits southern Europe and raises wildfire risks
Major heat waves across southern Europe have pushed temperatures above 40 C (104 F) in countries including Italy, Spain and Greece, as local authorities issued fresh warnings against the risk of wildfires.
No injuries or pollution after explosion at oil tanker off Libya, says Greek operator
A Greek-managed oil tanker carrying about 1 million barrels of crude oil suffered an explosion off Libya on June 27 but no injuries or pollution were reported, a spokesperson for the operator TMS Tankers said on Monday.
Athens wary as Benghazi inches closer to Ankara
One of the pillars of Greek foreign policy regarding the Mediterranean, and also its rivalry with nominal ally Turkey, appears to be crumbling, as the government of Benghazi, one of Libya’s two antagonistic poles of power, appears to be inching toward Turkey.
VAT takings growth to stop soon
The National Economy and Finance Ministry will be asked to budget for an end to the growth rate of value-added tax revenues for both 2026 and 2027.
Banks eye expansion abroad
Greek banks are engaging in outward business moves, with acquisitions and partnerships to expand their footprint.
Airbnbs and cafes arrive in Exarchia, but streets remain dirty
The post-pandemic boom in tourism and catering services in Greece is gradually permeating the once “uninhabitable’” Exarchia district of central Athens, the home of the country’s intellectual left and anarchist movements.
Attica, Cyclades, Crete at very high risk of fire on Monday
Greece’s General Secretariat for Civil Protection said six regions are at very high risk of fire (Category 4) on Monday, according to its updated Fire Risk Map.
Cabinet to meet in shadow of Greek farm scandal
Prime Minister Kyriakos Mitsotakis will chair a cabinet meeting at noon on Monday, that will include newly appointed members of the government who replaced five ministers whose names appeared in a file from the European prosecutor implicating them in a scheme to defraud the EU’s farm budget.