Greece recorded a budget surplus in the first quarter of 2026, the Finance Ministry said Wednesday, largely through higher than expected tax revenues and lower spending. A ministry statement said the budget presented a €1.49 billion surplus in January-March, compared to a targeted €111 million deficit and a €1.61 billion surplus a year earlier. The …
[Handout/Hellenic Coast Guard] Dozens of migrants have been rescued from a small boat in difficulty south of Crete that had crossed over from north Africa, authorities said Wednesday. A Coast Guard statement said 59 men were found by a patrol vessel from the European Union’s Frontex border agency on the boat, some 17 miles southwest …
Thousands of farmers were left without subsidy payments over Easter, as only €202 million was disbursed to 128,063 beneficiaries on Holy Wednesday and Thursday, far short of the roughly €460 million that should have been distributed by now. The delays stem from the fact that the Independent Authority for Public Revenue (AADE), which replaced OPEKEPE as …
[File photo] An ambitious aerospace program of the Digital Governance and AI Ministry that has sent 11 Greek microsatellites into orbit will link Greece’s space strategy directly to critical sectors of the economy. With a €200 million budget program and the participation of Greek universities, research centers and high-tech businesses, the program is providing specific …
The Greek government will return to the markets on Wednesday with a reissue of its 10-year bond. According to the Public Debt Management Agency, the government bonds will be reissued in book-entry form with a fixed interest rate of 3.375%, maturing on June 16, 2036. This is the new 10-year bond issued on January 20, …
Unemployment in Greece will drop by 1.5 percentage points this year, compared to 2025, according to the International Monetary Fund. In its World Economic Outlook report released on Tuesday, the fund foresees a big drop in the Greek jobless rate, from 8.9% in 2025 to 7.4% this year and further to 7.1% in 2027. Source …
A new agreement is taking shape around the development of Cyprus’ Aphrodite gas field, as NewMed Energy moves forward with plans to export natural gas to Egypt. The company has signed a memorandum of understanding covering the potential sale of approximately 100 billion cubic meters of gas from the offshore field. The proposed arrangement would …
For nearly 50 years, Iran has been treated as an outlaw, earning a spot as one of the most heavily sanctioned countries in the world for its nuclear and weapons programs, its support for terrorism, its human rights abuses and more. But despite persistent efforts by the United States, the European Union, Britain and the …
Farmers on the eastern Aegean Sea island of Lesvos, who are struggling to cope with a deadly livestock disease, on Tuesday prevented hundreds of travelers from boarding an outward-bound ferry to protest the government’s handling of the epidemic. State ERT television reported that farmers blockaded the entrance to the port of Mylilini, allowing only conscripts …
[InTime News] A youth weightlifting champion is among three men arrested in connection with the death of a 19-year-old on the island of Kefalonia, authorities said. The suspects – a 26-year-old local, a 22-year-old Albanian national, and a 23-year-old – allegedly used drugs with the young woman in a rented hotel room before she lost …