Why Greeks Earn So Little Interest on Bank Deposits Despite Higher European Rates

Greeks earn very little from bank deposits largely because the country’s banking market is concentrated and customers rarely move their money to find better rates. Four systemic banks held more than 94% of deposits in 2024, according to a final study by Greece’s Competition Commission, leaving small

China’s Trade Surplus Tops $1 Trillion

China’s trade surplus exceeded $1 trillion during the first ten months of 2026, reaching the milestone a month earlier than last year as surging exports of technology products and manufactured goods reinforced Beijing’s economic dependence on foreign markets and increased pressure on the United Stat

DBRS Sees Greece Among Few EU Countries With Credit Upgrade Potential in 2027

Greek economy ranks among a select group of European economies with a positive sovereign credit rating outlook for 2027 according to the credit rating agency Morningstar DBRS that published these prominent findings on Monday in its report titled “2027 Sovereign Credit Ratings Outlook.” The comprehen

Greece Resumes Cyprus Cable Surveys as Turkey Challenges Maritime Rights

Greece is moving ahead with seabed surveys for the Great Sea Interconnector (GSI), the €1.9 billion electricity project linking Crete and Cyprus, despite renewed Turkish objections over maritime jurisdiction in the Eastern Mediterranean. The French-flagged research vessel Abeille Marengo is expected

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A Greek American Veteran’s Story: John Calamos

Greek American Vietnam War veteran John P. Calamos Sr. talks about his time of service as well as how flying airplanes is similar to investing, a field he has conquered by founding Calamos Investments; a leader in diversified global investments. Inspired by JFK, the Chairman and Global Chief Investm

Why Greeklish Survived the Arrival of Greek Keyboards

Greeklish outlasted the computer problem that helped make it familiar: writing the Greek language when a machine could not reliably display its alphabet. Research describes a practice sustained by convenience, established habits and the way people identify with an online community. Its first mass ad

Why Greeks Earn So Little Interest on Bank Deposits Despite Higher European Rates

Greeks earn very little from bank deposits largely because the country’s banking market is concentrated and customers rarely move their money to find better rates. Four systemic banks held more than 94% of deposits in 2024, according to a final study by Greece’s Competition Commission, leaving small

Greece’s Gas Exports Jump 166% as LNG Imports Reach Record High

Greece’s gas exports jumped 166% in the first 10 months of 2026, reaching 15.3 terawatt-hours (TWh), while liquefied natural gas (LNG) imports climbed to a record 32.5 TWh for the same period. The increase in exports came as total net gas imports declined by 3.9% year over year, reflecting changes i

Al Pacino Heads to Greece for New Hollywood Movie About Greek-American Skateboarder

Oscar-winning actor Al Pacino is set to travel to Greece in April 2027 to film his upcoming movie, “50/50,” a sports drama about a young Greek-American skateboarder. About 90% of the production will take place in Greece, while casting is underway for Greek actors who could appear alongside the Holly

New York Hosts First Greek Book Fair, Bringing Homer to a New Generation

New York hosted its first Greek book fair on Nov. 6-7, bringing writers, publishers, educators and readers together at the Consulate General of Greece in Manhattan for two days of literature, cultural presentations and discussions. The event also introduced younger audiences to Greece’s literary her

Greece Launches Military Space Command as It Pursues Satellite Independence

Greece’s new military space command is designed to give the armed forces greater control over satellite intelligence and communications as Greece builds a national network and reduces reliance on foreign providers. Defense Minister Nikos Dendias inaugurated the Space Operations Command at Dekelia Ai

How Much Does a One-Day Strike Cost Europe? Greece Could Lose €137 Million

A one-day strike could cost Europe’s economies billions of euros in lost economic output, with Germany facing the largest estimated loss and Greece’s figure reaching €137 million ($154 million), according to a comparison based on 2025 economic data. The calculation assumes that one in five workers s

Thousands of Turks Visit Thessaloniki to Honor Kemal Atatürk

Thousands of Turks rushed to Thessaloniki on Tuesday, November 10th, to honor the 88th anniversary of the passing of Turkey’s leader, Mustafa Kemal Atatürk. Waving Turkish flags and singing traditional songs in his honor, Turkish nationals flocked to the house, which is regarded as Atatürk’s birthpl

Housing Affordability in Greece Worsens as Home Prices Outpace Incomes

Housing affordability in Greece has come under growing pressure as home prices rise faster than incomes. New Eurostat data show that the gap between housing prices and household income has widened across much of Europe over the past decade. In 2025, the European Union’s house price-to-income ratio w

Black Friday Gains Ground in Greece Despite Doubts Over Discounts

Nearly two-thirds of Greek consumers plan to shop during Black Friday and Cyber Monday this year, reflecting the growing popularity of two American retail traditions that Greek businesses have increasingly adopted to stimulate spending ahead of the Christmas season. According to the EY Future Consum

The Story of the Turkish Cypriot Who Designed Cyprus’ National Flag and Was Never Paid

The flag of the Republic of Cyprus, a copper-colored outline of the island above two green olive branches on a white field, shows a map of the island itself. It was designed in 1960 by a Turkish Cypriot art teacher, İsmet Güney, and more than four decades later he said he had never been paid […]

Greece’s Accommodation Prices Drop 43% in Winter, the Largest Decline in Europe

If you’ve been dreaming of a trip to Greece but found summer accommodation prices too expensive, winter could be the perfect time to visit. From Athens to the Greek islands, travelers can find significantly cheaper places to stay once the summer crowds disappear. Greece exhibits the largest seasonal

Mimi Denisi’s Elgin Documentary Heads to Brussels With Greek Government Support

Mimi Denisi’s documentary about the removal of the Parthenon Sculptures is heading to Brussels as Greece uses cultural events to broaden support for their return. A November 19 screening is planned at W:Halll in Woluwe-Saint-Pierre, followed by a discussion about reunification and cultural diploma

Greek Island Offers Doctors €2,500 Monthly Bonus to Tackle Shortage

The Municipality of Kythnos island in Greece and a private foundation have joined forces to offer a €2,500 ($2,800) monthly financial bonus allowance for specialized doctors. The comprehensive incentive package aims to significantly improve public health services on the island of the Cyclades. Under

EU Identifies Greece, Cyprus, Italy and Spain as Facing Migration Pressure in 2027

The EU has again named Spain, Italy, Greece and Cyprus as countries facing migration pressure, making them eligible for support under a shared asylum system in 2027 despite falling irregular arrivals across the bloc. In its Nov. 6 assessment, the European Commission said the four countries face disp

At Least 22 Migrants Die, Over 180 Rescued Trying to Reach Greece From Libya

At least 22 people were found dead over the past three days along a major migration route while attempting to reach Greece from North Africa, with the Greek coast guard recovering 13 bodies from a boat south of Crete on Monday, November 9, 2026. Authorities found eight more bodies in a separate vess

DBRS Sees Greece Among Few EU Countries With Credit Upgrade Potential in 2027

Greek economy ranks among a select group of European economies with a positive sovereign credit rating outlook for 2027 according to the credit rating agency Morningstar DBRS that published these prominent findings on Monday in its report titled “2027 Sovereign Credit Ratings Outlook.” The comprehen

Statue of Former Greek Prime Minister Eleftherios Venizelos Unveiled in Melbourne, Australia

A statue honoring former Greek Prime Minister Eleftherios Venizelos was unveiled in Melbourne, Australia, on Sunday, Nov. 8, as the city’s Greek community marked 90 years since his death. Archbishop Makarios of Australia unveiled the statue at Cretan House in Brunswick, home to the Cretan Brotherhoo

Christodoulides and Erhurman Agree to Open Two New Crossing Points in Cyprus

Greek Cypriot President Nikos Christodoulides and Turkish Cypriot leader of occupied Northern Cyprus Tufan Erhurman agreed to simultaneously open two new border checkpoints following crucial trilateral talks with UN Personal Envoy Maria Angela Holguin who was mediate in the intense four-hour meeting

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