Pressure from rate increase
The expected ECB interest rate hike will create pressure on the cost of borrowing for businesses and households. Source link
news
Greece will soon produce 15,000 military drones a year, Dendias says
Greece’s state military factories will soon be in a position to triple their drone output to 15,000 a year, Defense Minister Nikos Dendias said Thursday, upping an earlier estimate. Source link
Marinakis Capital Tankers Corp Reports $92.9 Million Net Profit
Greek shipowner Evangelos Marinakis’ Capital Tankers Corp. delivered particularly strong financial and operational results in the second quarter of 2026, reporting $92.9 million in net profit as strong tanker rates and heavy exposure to the spot market boosted earnings. Capital Tankers forms part of the Capital Maritime group founded by Marinakis. The company was incorporated …
Greece issues formal complaint over Turkish statements, marine parks
Greece’s embassy in Ankara has delivered a formal complaint to the Turkish foreign ministry over Turkey’s public statements on new Greek regulatory frameworks that include the Aegean Sea, and over the Turkish presidential decisions of August 15 declaring two marine parks. Source link
Greek Supermarket Prices Fall in August
Prices at supermarkets in Greece fell by 0.15% in August 2026 compared with August 2025, according to research by the Institute of Retail Consumer Goods Research (IELKA), marking negative annual inflation in the sector. The supermarket price index edged up by just 0.28% in August compared with July 2026. Over the rolling 12-month period from …
Woman allegedly buried mother in yard to collect her pension
Police are investigating a woman’s reported confession that she buried her elderly mother in the yard of a home in Nea Makri, northeast of Athens, nearly a decade ago and never reported the death. Source link
Tsitsipas Battles Past Harris in US Open Thriller to Reach Third Round – Greek City Times
Stefanos Tsitsipas has survived a major test at the US Open, defeating South Africa’s Lloyd Harris 6-7(1), 6-3, 7-6(4), 6-4 after a gruelling three-hour, 28-minute battle. The Greek star showed resilience and composure when it mattered most, recovering after dropping a dramatic opening set to secure his place in the third round at Flushing Meadows. …
Turkish man wanted for aggravated theft arrested in Athens
Police in Athens have arrested a 34-year-old Turkish national wanted in his country for aggravated theft. Source link
Greece Could Fully Repay First Bailout Loans Early
Greece could repay by 2029, two years ahead of schedule, the €53 billion ($61 billion) in loans it received under its first bailout programme, as strong fiscal performance and economic growth give Athens greater scope to reduce public debt, two officials told Reuters on Wednesday. Greece came close to leaving the eurozone at the height …
The long summer of Greek tourism
Incoming tourism is about to show a big annual increase in October given the latest data on the planning of air seat availability to Greece, as well as successive surveys of travel intentions in Greece’s major markets. Source link