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21
Mar 2026
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Three scenarios on the table for the impact of the war in the Middle East

If the shock is passed on simultaneously to energy, freight, fertilisers, agricultural production and the general cost of the economy, horizontal subsidies are not enough, sources stress.

Reuters: daily oil production from the United Arab Emirates down over 50%

Oil production in the UAE has fallen dramatically following the escalation of the conflict with Iran and the disruption of commercial shipping in the Strait of Hormuz

Japan is the country of honour at this year’s TIF

Japan's participation in the Thessaloniki International Fair 2026 is expected to attract strong interest from government representatives, business leaders and the international business community

The blockade in the Strait of Hormuz does not only affect oil: 30% increase in fertilizer prices, concern about food production

The Strait is one of the most critical hubs for global fertilizer trade, as around one-third of international seaborne fertilizer shipments pass through this route

Brake on bookings and standstill in tourism, but Greece holds an advantage over the Eastern Mediterranean and Emirates – What industry experts predict

Industry representatives believe the situation will clarify after Orthodox Easter and are betting on the fact that Greek tourism has demonstrated resilience in crises over the past years

Budget: Primary surplus of €2.99 billion in the first two months

Primary result 53% higher than the target, spending 9.2% lower than planned and net revenues about 1% below target

Alarm in Athens over prolonged economic uncertainty: Preparedness drills and the EU Summit

Although the government has fiscal reserves and has carried out the necessary preparedness exercises, a European intervention will also be required

Tax returns for real estate: The Independent Authority for Public Revenue “map” – What property owners must know about Form E2

What those who receive rent, declare vacant properties, Airbnb rentals, or unpaid rents should watch out for – The most critical questions and answers for correctly completing Form E2

Middle East crisis: How fuel, food & consumers are affected – The best and worst case scenarios

Which measures the government has already put in place to keep prices in check and limit the burden on households - The psychological factor and the new profile of the Greek consumer

The government is activating 4 tax cuts in the coming days: What changes for ENFIA and new income tax returns

The measures affect property owners, employees, families, and self-employed professionals, with a common goal of reducing burdens on property, presumptive living expenses, and minimum taxable income

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