- U.S.-Greece Agreement – The United States and Greece have signed an economic security declaration, agreeing to build strong partnerships that improve supply chain safety, reduce risky dependencies and vulnerable points, and promote reliable technology networks. Both nations will collaborate on key global technology projects such as network and data infrastructure, computing and semiconductors, advanced manufacturing, logistics, mineral processing, and energy initiatives.
- Strategic Investments – Greece’s Interministerial Committee for Strategic Investments has approved three new strategic investments – two in industry and one in tourism – with a total budget of €205.8 million. The three projects include a €99 million upgrade of a Heracles Group cement facility to reduce carbon emissions; a €21.4 million investment by NEOTEX in a new production facility; and an €85.4 million combined resort and leisure complex on Ithaca by the Tsakos Group.
- Thessaloniki Port – The Port of Thessaloniki SA has signed a contract for the €195.6 million expansion of the port’s infrastructure, marking the largest upgrade in the port’s history and more than doubling its container handling operations. The construction works, which are expected to last 40 months, consist of extending Pier 6 by a length of 513 meters and a width of 306.5 meters. Related dredging operations will allow for the safe mooring of Ultra Large Container Vessels of up to 24,000 TEU. Once completed, the total capacity of the container terminal will increase to 1.5 million TEU from 650,000 today.
- Energy Prices – Greece has significantly lowered its electricity costs thanks to widespread use of renewable energy. Eurostat reports that in the first half of 2025, Greek households paid less for electricity than the European Union average, after previously being ranked among Europe’s top three most expensive markets for energy. The average price per kilowatt-hour in Greece in the first half was €0.2263 compared with an EU average of €0.2872/KWh, Eurostat said.
- Ratings Upgrade – Ratings agency Fitch Ratings upgraded Greece one notch to BBB from BBB- noting the country’s fiscal overperformance, a faster-than-expected decline in the debt-to-GDP ratio and Greece’s favorable debt profile. The agency issued a ‘stable’ outlook for Greece. Separately, European ratings agency Scope affirmed Greece’s BBB credit rating but raised its outlook to ‘positive’ signaling a potential upgrade ahead.
- Tourism Growth – Greek tourism continues to see strong growth in 2025, according to INSETE, the research institute of the Greek Tourism Confederation (SETE), pointing to another record year. In its recent bulletin, INSETE notes that international air arrivals for the first nine months of the year totaled 23.8 million passengers, representing an increase of 1.2 million, or 5.5%, compared with the same period last year. Tourism revenue was sharply higher, rising 12% on year to €16.7 billion for the period from January to August.
- Current Account – Greece’s current account deficit fell sharply in the first nine months of the year, owing to an improvement in the balance of goods and the primary income account and, to a lesser extent, in the balance of services. According to the Bank of Greece, the current account deficit fell by €2.2 billion year-on-year to €7.0 billion for the period January-September.
- Branded Hotels – There are currently 41 international hotel chains operating in Greece, up from 39 last year, reflecting the increased penetration of foreign hospitality companies in the Greek tourism market. Taking into account national and local chains, more than one-fifth of hotel rooms – and almost one in ten hotels in Greece – now operate under a common brand, according to a report by GBR Consulting. By category, 45% of 5-star hotels and 15% of 4-star hotels are part of a branded chain.
- Tennis Tournament – Greece hosted the Hellenic Championship ATP 250 tennis tournament in early November, marking the return of a professional tennis event to the country after more than thirty years. The tournament, which was previously held in Belgrade, was won by Serbian Novak Djokovic who recently established residency in Greece.