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Thursday
14
May 2026
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Athens 19°C

> Economy

> Economy

Greeks prefer going abroad for holidays – Where they travel and how much they spend

They are turning more to destinations in Central and Northern Europe compared to popular neighbouring destinations in Turkey or Bulgaria

Record complaints for tax evasion and smuggling to Appodixi app & AADE

More than 208,000 reports through Appodixi and 58,900 on the Hellenic Tax Administration's platform for tax evasion, smuggling and corruption - More and more citizens are complaining anonymously

Ryanair reacts to delays on 12 of its flights today in Athens

2,000 passengers affected – Airline calls for urgent reform of Europe’s Air Traffic Control (ATC) system

Eurostat: Ιnflation confirmed at 3.7% in Greece in July – 2% in the Eurozone

Services led the price increases in the euro area, followed by food, manufactured goods and energy

Surprise surplus of €10 billion and spending manoeuvres increase the basket of benefits

Double benefit package, at the TIF and in April - Excess revenues and curbing tax evasion - Maneuvers in spending for more space - Which targets have already been exceeded

Cars: First heavy fines on the way for 350,000 drivers

Uninsured vehicles, no roadworthiness tests, and unpaid road taxes in the spotlight – Electronic notices with fines up to €10,000 – Cameras also deployed

BoE: Cash primary surplus of €7.2 billion in 7 months to 2025

ELSTAT: 1.3% increase in the turnover of Greek businesses to €123.77 billion in the second quarter

UBS: Positive outlook for the Greek economy – The three key drivers of growth

Swiss house upgrades its 2026 growth forecast to 2.4% from 2.3% previously - Buy recommendation on banks maintained - Risks focus mainly on exogenous factors

TIF: The abolition of the personal difference for 670,000 pensioners is gaining ground – What they will gain, how much the measure costs

The abolition rather than the cut of the personal allowance seems to be gaining ground as a measure that will generate positive reactions against the increase of the 250 euro allowance that is still on the table

The first “notices” with hefty fines are coming for 350,000 drivers with uninsured cars, no roadworthiness test (KTEO), and unpaid road taxes

Notifications with fines of up to €10,000 are arriving in digital mailboxes – Cameras will also be deployed – The vehicle registry cleanup begins

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