- Greek Economy – Greece’s economy expanded at a 2.0% year-on-year rate in the third quarter on the back of solid growth in both private and public consumption as well as net exports, and up from a 1.7% rate in the second quarter. According to data from the Hellenic Statistical Authority, Greek GDP rose 0.6% on a quarter-on-quarter basis in the three months from July to September. For the nine months to September, Greece’s economy expanded 2% from a year ago, in line with government forecasts for 2.1% growth this year.
- Greek Tourism – Greece is on track to collect record tourism revenues of €23.5 billion in 2025, building on robust post-pandemic growth and a strategic shift toward higher-value, year-round tourism, Tourism Minister Olga Kefalogianni said at a business conference. Greece now ranks among the world’s top ten tourism destinations. Last year, the sector welcomed more than 40 million visitors and collected €21.6 billion in travel receipts.
- Greek Debt – Greece has repaid ahead of schedule €5.3 billion worth of debt to eurozone peers, stemming from its initial 2010 bailout, continuing its program of accelerated debt reduction. The country has already retired its outstanding debt to the International Monetary Fund and hopes to repay all €31.6 billion worth of outstanding loans from its first EU-supported bailout by 2031, ten years early. As a ratio to GDP, Greece’s outstanding official debt is forecast to fall to 138.2% by the end of next year, from 145.9% of GDP this year, and down from a peak of 180% during the financial crisis.
- Balkan Axis – Greece, Bulgaria and Romania have signed a cooperation agreement to develop a new railway and road axis connecting the three countries, which would provide a new transport link between the Black Sea and the Mediterranean. In remarks at the signing ceremony, European Union Commissioner for Transport Apostolos Tzitzikostas described the new axis as “one of the most important strategic arteries in Europe”.
- Greek Satellites – Greece achieved a major milestone in its space program by launching five satellites into orbit as part of its €200 million National Microsatellite Program. Among the satellites were two that were partly built in Greece by the Greek subsidiary of Finland’s ICEYE, as well as three experimental microsatellites developed by Greek organizations to test domestically designed space technologies.
- Eurogroup – Finance Minister Kyriakos Pierrakakis has been elected to a two and-a-half year term as chair of the Eurogroup, the informal college of finance officials from the 20 European Union countries that form the Eurozone. The election is seen as an endorsement of Greece’s economic and fiscal reform program and follows a decade after the country was almost expelled from the currency bloc for its budget imbalances.
- Enterprise Greece – Greek national investment & trade promotion agency Enterprise Greece has been elected to a two-year term to the OECD’s Investment Promotion Agency Network Steering Group. The vote reflects the agency’s growing role in international organizations. In October, Enterprise Greece CEO Marinos Giannopoulos was elected as EU Regional Director to the Steering Committee of the World Association of Investment Promotion Agencies (WAIPA). The agency also holds the presidency of Trade Promotion Europe and serves as Vice-President of the ANIMA Investment Network.
- Extroversion Program – The Ministry of Foreign Affairs published its 2026 extroversion program, which will serve as the blueprint for Greece’s economic diplomacy next year. The new program details 760 investment and export-related initiatives across 70 countries and markets, which aim to enhance Greece’s commercial presence abroad. The 2026 program represents the first year of the new five-year National Extroversion Strategy for the period 2026-2030.
- Innovation Ministry – Greece is eyeing the creation of a new Ministry of Research, Innovation, and Higher Education after 2027 to help unify Greece’s fragmented research sector. In remarks at a business forum, Prime Minister Kyriakos Mitsotakis said that a working group has been established to develop the proposal, which would be set forth if the current government is re-elected to a third term.
- Judicial Reform – Structural changes to Greece’s judiciary last year has cut the average time for court rulings dramatically, according to official data. The average time taken for the Courts of First Instance to issue decisions has fallen to 364 days from 705 days previously on a nationwide basis, and to 1.5 years from 4 years in Athens. Further improvement is expected with the introduction of a new code of Civil Procedure in 2026.