- Greek Economy – Greece no longer faces macroeconomic imbalances, marking the end of a 16-year period of enhanced surveillance, according to the European Commission’s 2026 Spring report, which predicts steady growth and continued fiscal surpluses for the country. The Commission forecasts Greek GDP growth of 1.8% in 2026 and 1.6% in 2027, above the EU average. Separately, the latest data from the Hellenic Statistical Authority shows that Greece’s economy expanded 2.0% in the first quarter compared with a year ago and grew 0.2% on a quarter-on-quarter basis.
- Greek Debt – Greece has repaid €6.94 billion of debt owed to its Eurozone peers ahead of schedule. The loans stem from the Greek Loan Facility agreed in 2010, under which members of the currency bloc provided about €50 billion in bilateral support. About €20 billion of that loan remains outstanding, with Greece aiming to repay the amount fully by 2031, ten years ahead of schedule. Separately, Greece has raised €3 billion from the reopening of its 10-year Greek Government Bond, covering 95% of its borrowing needs for this year. The reopening attracted more than €36 billion in offers, implying an oversubscription of roughly 12 times.
- Greek Shipbuilding – Greece, the U.S. and South Korea have signed a €1.35 billion initiative, dubbed Project Trident, to transform the Elefsina shipyard into a regional hub for shipbuilding, logistics and defense manufacturing. The plan includes €150 million for new dry docks and repair facilities, €200 million for port and logistics upgrades, and €1 billion for advanced production lines and submarine-related infrastructure. The project is expected to create up to 10,000 jobs and add 0.8% to Greece’s GDP.
- Greek Shipping – The Greek-owned fleet now exceeds 5,800 ships, accounting for about 20% of global tonnage and just over 60% of European tonnage, reflecting a unique strategic asset for Greece, Prime Minister Kyriakos Mitsotakis said at the opening of the Posidonia 2026 shipping exhibition. He noted that shipping is a major pillar of the Greek economy, contributing nearly 8% of GDP and directly or indirectly supporting around 200,000 jobs, or almost 6% of private-sector employment.
- Airport Concession – Greece’s sovereign wealth fund, Growthfund, has signed a 40-year concession agreement for Kalamata Airport with a German-Greek consortium led by Frankfurt-based operator Fraport. The German company, which also manages 14 other regional airports around Greece, will oversee a €125 million investment program that aims to roughly double passenger throughput by 2030, up from more than 350,000 now.
- Hydrocarbon Exploration – Chevron will take a 70% stake and become the operator of the offshore, Block 10 drilling concession in the South Ionian Sea, under a joint request filed with HELLENiQ ENERGY, which will hold the remaining 30%. The companies have completed the first two research phases on the concession, while a final decision to proceed with exploratory drilling is pending. The two companies also hold joint leases on four additional offshore blocks south of Crete and the Peloponnese.
- Land Registry – Greece’s land registry reached a major milestone with 99% of the country now covered by posted cadastral data and assigned a National Cadastre Code Number (KAEK). According to the Hellenic Cadastre, the project is now in its final stages and has surpassed targets set under the National Recovery and Resilience Fund. Greece aims to fully transition to a digital land registry by the end of 2026, in line with national and European program commitments.
- e-Government Services – Greece has launched a new digital tool that allows citizens to track the progress of their applications to the public sector in real time. The new Unified Digital CRM Infrastructure represents the latest evolution in Greece’s highly-successful gov.gr platform that was launched six years ago. The platform currently offers more than 2,250 digital public services across a range of categories and has facilitated the issuance of more than 430 million documents and certificates, according to the Greek government.
- Greek Waters – Greece has the second cleanest waters for bathing among EU member-states with 97.1% of monitored bathing sites classified as excellent. The latest annual assessment by the European Environment Agency classified 1,684 of Greece’s 1,734 monitored bathing waters as excellent and zero were classified as poor.
- Fish Farming – Greece has approved 105 aquaculture projects worth €131 million, backed by €87 million in public funding, as it moves to modernize one of its strongest export sectors. Speaking in Rhodes, Agriculture Minister Margaritis Schinas said the package will boost competitiveness, sustainability and resilience. The funding is expected to drive modernization, innovation and digital transition, while lifting output by about 5% a year through the end of the decade. Greece’s aquaculture industry supports more than 10,000 jobs, produces nearly 141,000 tons annually and exports about 80% of its output.
- Defense Financing – Greece has signed an agreement under the EU’s Security Action for Europe (SAFE) program, thereby gaining access to low-interest financing for defense investments and military procurement. SAFE is a €150 billion EU initiative designed to strengthen Europe’s defense capabilities through long-term loans and joint procurement programs. The launch of the SAFE initiative in May 2025 coincided with Greece’s roughly €26 billion defense modernization program.
- Acropolis Reconstruction – Greece’s Culture Ministry has unveiled the reconstructed western pediment of the Parthenon temple, filling in two missing marble blocks that complete the pediment’s triangular geometry. The western pediment now looks whole for the first time in 220 years. It is the side visitors first encounter when they visit the monument.