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Tuesday
26
May 2026
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Athens 24°C

> Economy

> Economy

Papastavrou: Greece is becoming a critical hub for transatlantic energy security

What he said about the Vertical Corridor, Chevron, hydrocarbon exploration, industrial energy costs, and the Greece–Cyprus electricity interconnection (GSI) at the Athens Energy Summit

New “Renovate” program launching in May: Which properties are eligible, what is subsidized, and what obligations owners undertake

The subsidy covers plumbing, electrical works, windows and doors, and water heaters – The program’s budget reaches €500 million, with an emphasis on renovation

Hydrocarbons: Chevron contracts “locked” in February

Concessions for the four plots in Crete and the Peloponnese to be immediately ratified in Parliament

“Gallium production in Greece could supply Europe’s needs – €300 million Metlen investment”

The pilot production of the first 5 kilograms marks a strong geostrategic and economic footprint, disproportionate to its volume – In the next phase, 50 tons (two trucks) will be produced to cover the EU’s annual requirements

Gold soars to new record above $5,200 an ounce

Investors “turn their backs” on the dollar and U.S. bonds, shifting to precious metals – Silver up 50% since the start of the year

Greek food products: The Persian Gulf as the next major export growth bet

With around 80 Greek companies at Dubai’s Gulfood, the sector appears more organised than ever – Still limited presence in the Middle East, but strong growth prospects with Saudi Arabia and the UAE at the forefront

Housing: €10,000 for relocation, two months’ rent refunded and a clampdown on Airbnb

The key provisions of the bill: rent refunds for teachers and healthcare workers, restrictions on short-term rentals, subsidies for renovations of rental properties and an expansion of relocation incentives

Alpha Bank: Inflation persistence in Greece reflects excess demand conditions

The output gap is expected to remain positive in 2026 and equal 3% of potential GDP, the highest in the euro area according to the Commission's forecasts, suggesting that demand conditions remain strong

Gold pound: Selling price exceeds €1,000 – 150,000 transactions in 2025

60% of transactions involved sales, according to Bank of Greece data

ESM: Greek bonds among the strong performers of the Eurozone – 15-year low for the spread

In recent years, yields on Greek government bonds have converged with those of many other countries’ bonds

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