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Cyprus faces critical August test as UN pushes for diplomatic results in peace talks
August is traditionally considered a quiet month for diplomacy in Europe. In Cyprus, however, the coming weeks could determine whether the renewed international mobilisation around the island develops into the first serious attempt in years to restart negotiations — or ends as yet another diplomatic exercise without substantive results.
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Government seeks fiscal leeway over energy investments, launches farming subsidy app
Greece has formally requested to activate the EU’s energy escape clause, while the government also launched on Thursday the MyAgro platform, which Prime Minister Kyriakos Mitsotakis presented as a decisive break with the opaque practices exposed in the OPEKEPE scandal.
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Trade deficit continues to drop, falling by 5% in H1
Greece’s trade deficit continued its sharp decline in June with an 18.1 percent year-on-year (YoY) drop, after a fall of 15.7 percent in May, according to data released by ELSTAT on Friday.
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CPI slows to 3.4% YoY in July as energy effects moderate
Greece’s Consumer Price Index (CPI) growth further decelerated in July with a rise of 3.4 percent year-on-year (YoY), from 4.4 percent in the previous month, according to the data released on Friday by the Hellenic Statistical Authority (ELSTAT).
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Politics
Athens bets on French backing to break GSI deadlock with Turkey
The agreement signed on Wednesday in Athens, allowing French infrastructure investment group Meridiam to acquire a 66 pct majority stake in the Great Sea Interconnector (GSI), is far more than a corporate transaction. It represents a fundamental geopolitical recalibration of one of the European Union’s most strategically important energy projects.
French entry into cable project reframed as geopolitical win amid recycling tenders scrutiny
Government moves on fire compensation as opposition sharpens its questions
Economy
Manufacturing conditions continued to improve in July, despite cost pressures
Greece’s manufacturing PMI rose to 54.3 points in July, from 53.8 points in the previous month, S&P Global data showed on Wednesday.
Alpha records 497.2 mln profit in H1, commissions jump by 34% YoY
Fuels propel 10.1% rise in retail sales for May despite volume drop
Society
EU report shows Greece entering new era of extreme ageing and population decline
The data in the latest EU Demographic Transformation report – drawn up by the European Commission’s Joint Research Centre - reveals that Greece is at the forefront of a demographic shift that is reshaping the nation’s social fabric, economy and territorial cohesion.
Trust levels fall again as public perceptions trail economic progress
Multiple facets of inequality in Greece: a decade of divergence between data and daily life
Agora
Podcast - Has Greece fully recovered from the crisis?
Greece has come a long way since the dark days of 2015, but has it fully recovered? In this episode of The Agora, Nick Malkoutzis speaks with Peter Sanfey and Dimitris Sourvanos, authors of the new Hellenic Observatory paper Out of the Abyss, to unpack Greece’s decade‑long journey from crisis to stability.
The World Cup, Argentina and Europe’s quest for moral clarity
Greek firms should embrace ESG and DEI despite US-led policy reversal