A tanker was damaged after being struck by an unidentified projectile while sailing out of the Persian Gulf through the Strait of Hormuz, according to a report submitted to United Kingdom Maritime Trade Operations (UKMTO). The vessel’s company security officer reported that the projectile struck the
Rising French government bond yields and mounting political uncertainty have renewed comparisons with Greece’s sovereign debt crisis, although France continues to access financial markets and faces significantly lower borrowing pressures than Greece did before its 2010 bailout. France’s public debt
Short-term rental rates in Greece rose sharply in September 2026 despite a decline in booked nights, according to AirDNA figures, highlighting the economic and policy pressures created by a tourism season that is extending further into autumn. The average daily rate for short-term accommodation, inc
President Donald Trump has suggested that Ukraine should replace President Volodymyr Zelensky following criticism of a US agreement to temporarily ease sanctions on Russian diesel exports. “I think it’s time for Ukraine to get a new president,” Trump told reporters outside the White House on Saturda
A recent study titled “The Café Economy” by the Hellenic Observatory at the London School of Economics (LSE) reveals an uncomfortable truth about the transformation of Greece’s economy following the bailout era. The study, co-authored by Michalis Nikiforos, Vlassis Missos, Christos Perros, and Nikol
Greece has been named the world’s best country to travel to by UK readers of Condé Nast Traveler, praised for its cuisine, beaches, hospitality and accommodation in the magazine’s 2026 Readers’ Choice Awards. The country took first place with a score of 98.14, ahead of Japan (97.01) and Italy (96.48
US President Donald Trump said that Russian President Vladimir Putin has agreed to supply diesel to the US and global markets in an effort to lower fuel prices, and his administration temporarily lifted sanctions on Russian fuel, Reuters reports. Reports published this week indicate that discussion
A Greek programmer wants to make checking municipal spending as simple as asking an AI a question with his tool, diafaneia.ai, that draws on public records and directs users toward the documents behind its answers. The aim: help citizens understand government decisions without navigating thousands o
Consumers in Greece will need electronic payment methods when paying couriers upon delivery, even for small purchases, under a government proposal. However, the measure still awaits parliamentary approval, and the Finance Ministry plans exemptions before implementation. The Ministry of National Econ
Greece recorded the third-highest share of domestic trips in the European Union in 2025, with 85% of overnight trips by residents staying within the country, according to figures released by Eurostat. France and Portugal also recorded domestic trip shares of 85%, while Romania led the EU at 89%, fol
EU finance ministers approved greater energy-spending flexibility for Greece on October 9, 2026, supporting Athens’ investment plans through 2028. Their decision extends an existing exemption under European fiscal rules to qualifying energy-security measures. Greece plans approximately €1 billion ($
Greece leads honeymoon destination ranking for 2027, ahead of Bali, the Maldives, Italy and French Polynesia. The country replaces Italy at the top, according to travel agency Forest Travel’s summary of the findings. The annual Luxe Report by global luxury travel network Virtuoso draws on insights f
A contract worker died following a maintenance incident at Motor Oil’s refinery in Greece on Friday, October 9. A second worker remained in critical condition, the company confirmed. Both men worked for an outside contractor. The incident occurred Friday morning at the refinery, roughly 60 kilomete
Only 8% of jobs in Greece’s market-producing businesses were in foreign-controlled companies in 2024, the lowest share in the European Union, according to data released Thursday by Eurostat. Across the EU, the figure was 16%, showing how much less of the Greek business workforce is employed by enter
Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva urged governments to tackle mounting debt as AI(artificial intelligence) investment and expensive energy reshape the global economy while at the same time she warned that delaying difficult budget decisions would leave c
Greece’s energy and finance ministries outlined electricity support on October 7, with a maximum budget of €95($106.38) million, though European Commission approval remains necessary before the government finalizes the industrial power subsidy. Authorities plan to begin payments in 2027, covering el
More than one in four Greeks cannot afford to take part in leisure activities on a regular basis, the highest rate in the European Union, according to new data from Eurostat. The EU statistics agency found that 27.3% of people in Greece could not pay for a regular leisure activity in 2025, more than
Greece has climbed four places since 2019 in a global travel and tourism index that measures how well countries can attract and support visitors, according to a new World Economic Forum report. The country ranked 21st out of 110 economies in the Travel & Tourism Development Index 2026, released in S
Greece has reduced youth unemployment, but young people still face obstacles that qualifications alone cannot overcome. Low wages, seasonal work, and skills mismatches complicate their transition from education to financial independence, according to the Organisation for Economic Co-operation and De
Greece’s government expects faster economic growth and easing inflation in 2027, but its forecasts depend on lower international energy prices. The draft budget projects 2.3% growth next year, compared with 2% in 2026. It also forecasts national consumer price inflation of 2.6%, down from 3.8% this