Greece Makes €2.5 Billion Early Repayment on Bailout Loans

Greece made an early repayment of €2.5 billion ($2.8b) bailout loans to the European Financial Stability Facility (EFSF) on Thursday, October 1, 2026, using proceeds from bank reprivatizations to lower its public debt. The transaction connects two chapters of Greece’s financial crisis: rescuing bank

National Bank of Greece Buys Back €20.82 Million in Shares

National Bank of Greece repurchased approximately 1.22 million shares between September 22 and September 29, 2026. The purchases cost €20.82 million ($23,4M), according to the bank’s October 1 announcement. Specifically, the lender acquired 1,218,453 common shares at a weighted average price of €17.

Nearly Half of Greek Businesses Now Use AI, but Most Stick to Basic Tools

Nearly half of Greek businesses report using artificial intelligence(AI), according to a survey commissioned by Amazon Web Services (AWS). However, most adopters still focus on basic applications rather than advanced systems. Strand Partners’ Unlocking Greece’s AI Potential 2026 puts adoption at 47%

Second Wave of Severe Weather Hits Crete as State of Emergency Declared

Crete remained under an emergency weather response Friday as flood-hit Mylopotamos dealt with damaged roads, overflowing streams and landslides while another round of heavy rain approached. The Municipality of Mylopotamos was placed under a civil protection state of emergency on Oct. 1, with the des

Lightning Kills German Tourist on Rhodes, Greece

A 58-year-old German woman tourist died after lightning struck near a beach on Greece’s Rhodes island on Friday, October 2. Her 62-year-old husband suffered minor injuries in the incident at Lothiarika, near Lardos. The couple were walking on sandy ground near the shoreline when the lightning struck

Greece Races to Save Historic Methoni Castle From Relentless Sea Erosion

The imposing Castle of Methoni, one of the most magnificent and significant medieval fortification complexes in Greece, has stood for centuries at the edge of the Messenian land, acting as a living bridge among Byzantine, Venetian, and Ottoman history. However, the very geographic position that esta

Greece’s Inflation Climbs to 5.1%, Outpacing Eurozone Average

Annual inflation in Greece accelerated to an estimated 5.1% in September 2026, from 3.7% in August, according to Eurostat’s preliminary figures. Greece stood 1.3 percentage points above the eurozone average of 3.8%, with energy and services recording particularly sharp annual price increases. The ga

Greece Pushes EU to Suspend Asylum Rights During Mass Migrant Arrivals

Greece is urging the European Union to let member states temporarily suspend asylum rights during extreme migrant arrivals, advancing a proposal shaped by this summer’s unprecedented border crisis in Spain’s North African enclave of Ceuta. The plan would allow governments facing severe pressure to s

Greece to Open National Dementia Center Offering Free Care to 5,000 Patients a Year

A dementia center planned for Peristeri, a western suburb of Athens, will provide free services to about 5,000 patients each year once it reaches full operation, according to the Greek government. The National Model Centre for Dementia (Εθνικό Πρότυπο Κέντρο για την Άνοια) will be able to serve up t

Award-Winning Architect Warns Tourism Could Change Athens’ Human Character

Pritzker Prize-winning architect David Chipperfield has warned that Athens could struggle to preserve its human character if tourism comes to dominate the city. Chipperfield made the comments during the Athens Democracy Forum 2026, held in Athens from September 29 to October 1. The forum brought tog

Once-Thriving Greek Lake Shrinks by More Than 90% Amid Drought

A once-thriving Greek lake has shrunk to a fraction of its former size as drought, heat and long-running pressure on water supplies deepen an environmental crisis in northern Greece. Lake Koroneia (Λίμνη Κορώνεια), east of Thessaloniki, covered about 2.7 square kilometers (1.0 square mile) in 2026,

Greece Lets Two-Goal Lead Slip in 2-2 Draw With the Netherlands

Greece led the Netherlands by two goals at halftime but conceded twice after the break to draw 2-2 in the UEFA Nations League at Toumba Stadium. The result leaves Greece at the top of Group A2 with seven points after three matches. The Netherlands moved to five points. Greece had produced a strong f

State Department Confirms Marco Rubio Visit to Greece for Strategic Talks

U.S. Secretary of State Marco Rubio will travel to Greece next week for high-level talks aimed at strengthening cooperation between Athens and Washington on defense, energy and regional security, the State Department confirmed on Thursday. The visit to Athens will form part of a European trip from O

Greece Extends Patriot Mission in Saudi Arabia, Approves Eight New Defense Programs

In critical decisions regarding both the country’s footprint in the wider Middle East and the modernization of the Armed Forces, the Government Council for National Security (KYSEA) proceeded with a session chaired by Prime Minister Kyriakos Mitsotakis. At the core of the agenda were the extension o

Severe Storms Batter Crete, Leaving One Dead as Floods Hit Island

Severe storms battered the Greek island of Crete on Thursday, leaving one person dead and causing widespread flooding, damage to roads and infrastructure, and emergency warnings across some of the hardest-hit areas. An 80-year-old livestock farmer who had been missing since Wednesday evening was fou

Nikos Rizos: The Greek Actor Who Made His Height Part of His Legend

Nikos Rizos was born on September 30, 1924, in Arta, Greece. More than a century later, his name remains closely associated with some of the country’s most beloved comedies from Greek cinema’s golden era. Rizos did not begin his career expecting to become an actor. He came to Athens in 1946 intendin

Greece’s Controversial Monemvasia Cable Car Project Faces New Setbacks

A controversial cable car project at the historic castle town of Monemvasia in southern Greece has faced delays caused by archaeological discoveries and technical challenges at the construction site. The Culture Ministry says the project is intended to make the Upper Town more accessible, particular

Gold-Covered Mycenaean Burials Reveal How Ancient Greeks Curated the Dead

Gold-covered Mycenaean burials in southern Greece are offering a striking look at how ancient mourners carefully arranged the dead with jewelry, weapons, and precious objects. The research suggests that burial practices within the early Mycenaean mortuary sphere involved deliberate choices about col

The Silver Bull of Delphi, a Glimmer of Ancient Greek Grandeur

The life-size silver bull of Delphi, discovered in 1939, continues to mesmerize with the artistry of the ancient Greeks. The stunning piece was discovered in the Sacred Way, which was leading pilgrims to the most potent sanctuary of the ancient world. At some point, perhaps after a devastating fire

Engineering Feats of Ancient Greece: The Draining of Lake Kopaida

The draining of Lake Kopaida (Lake Copais) in Boeotia, north of Athens, was among the most ambitious land reclamation projects of ancient Greece and antiquity. Ancient Greeks responded to the constant threat of flooding, the destruction of settlements, and the challenges of water management by drain

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