A man walks along the shore as oil tankers and cargo ships line up in the Strait of Hormuz, seen from Khor Fakkan, United Arab Emirates, March 11. [AP] February 28, 2026, will go down in the annals of economic history as the moment when the architecture of global trade, honed over decades to maximize …
The governor of the Bank of Greece on Monday emphasized the importance of maintaining political stability, particularly amid rising global uncertainty caused by the war in the Middle East, during his speech at the bank’s annual general meeting. “In times of heightened uncertainty, political stability is a decisive factor for economic resilience,” Yannis Stournaras said. …
The European Union is entering the vortex of an energy shock, with Brussels now examining “all possibilities,” even measures that were previously considered extreme, such as the imposition of fuel rationing. However, Greece is not at risk for the time being, thanks mainly to the diversity of its energy supply sources. The worsening situation in …
Prime Minister Kyriakos Mitsotakis on Monday proposed a ban on ministers serving simultaneously as members of Parliament after the 2027 elections, amid a European investigation into alleged European Union farm subsidy fraud that has put significant pressure on his conservative government. Under the proposal, ministers would be replaced in Parliament by the next-in-line candidate for …
The International Monetary Fund has submitted to the government new policy proposals to address the housing crisis, as part of its annual regular assessment of the economy, completed a few days ago. It proposed to stimulate supply through a more active utilization of the stock of unused housing. To achieve this, the IMF recommends imposing …
File photo. Five people suffered serious burns late Sunday in an apparent accident while preparing homemade rockets for a traditional Easter celebration on the eastern Aegean island of Chios, authorities said. The injured were taken to the island’s Skylitseio General Hospital, according to state broadcaster ERT. One person was later discharged, while three men and …
[Shutterstock] Traffic restrictions are in place until 11 a.m. Sunday in much of central Athens to allow a foot race in the streets surrounding the Pedion Areos park, police said. In addition to the affected roads and side-streets being closed to motorists, parking bans will be in force there, while the Patission Avenue-bound side of …
Asking prices for rental housing in Attica increased 4.8% in the first quarter of this year compared to last year, while the increase was even greater in Thessaloniki, 12.5%, and in the rest of Greece, where it reached 11.4%. This is a clear example of the persistence of the housing crisis, where the deficit of …
[InTime News] A high school teacher and one of her pupils have been arrested in an Athens park for alleged possession of tiny quantities of marijuana, police said. Both face charges of breaking drugs laws. A weekend police statement said a spot check by officers patrolling a park in the southern Kallithea district found the …
Cypriot Finance Minister Makis Keravnos. The chairman of Cyprus Employers and Industrialists Federation (OEV), Giorgos Pantelides, has expressed concerns for broader and long-term consequences in the Cypriot economy, due to the ongoing conflict in the Middle East, and noted the federation’s expectations for a proactive plan on behalf of the government. Pantelides spoke to journalists …