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The two faces of the Greek economy: Household wealth rises, but savings fall & borrowing grows
Greek households' gross wealth has surpassed €1 trillion, yet many remain under financial pressure as consumption is increasingly funded by shrinking savings and new loans, according to an Alpha Bank report
Spatial planning for tourism: The new rules for investments, Airbnb and out-of-plan construction
From 16 to 8 acres the plot sizes for hotels – The Joint Ministerial Decision institutionalises the new framework for the spatial development of tourism, with stricter terms in saturated destinations, special provisions for the islands and transitional arrangements for existing investments – Hoteliers insist that the core of the restrictions remains unchanged
Three maritime flashpoints on high alert: Explosions in the Strait of Hormuz, new attacks in Yemen, and commercial ships hit near Odesa
The risk remains at the highest level for vessels linked to Saudi Arabia in the Red Sea, while two merchant ships were struck near Odesa. Explosions on Iran's Qeshm Island have once again heightened uncertainty over navigation through the Strait of Hormuz
ELSTAT: Inflation eased to 3.4% in July
This development came as a result of relatively moderate price increases in food and food products, as well as in certain services
Parental gifts in Greece: how a money transfer mistake can trigger a 10% tax bill
A Dispute Resolution Directorate ruling shows a 26,000-euro gift declared as daughter-to-father was reclassified as son-in-law to father-in-law once her husband proved to be the actual donor, triggering a 5,200-euro tax bill and 2,600-euro penalty
Apollo to acquire easyJet in £5.7 billion deal backed by Stelios Haji-Ioannou family
Apollo Global Management has secured the takeover of easyJet after winning the backing of founder Sir Stelios Haji-Ioannou and his family, paving the way for one of Europe's biggest airline acquisitions in recent years
Aktor signs binding agreement with Motor Oil to acquire 75% of HELECTOR and THALIS
The €300 million transaction strengthens Aktor's position in waste management and the circular economy, with completion expected by the first quarter of 2027
