Greece has fallen out of the world’s top 50 startup ecosystems, dropping to 51st place in StartupBlink’s Global Startup Ecosystem Index 2026. The country also slipped in Europe, ranking 29th, down from 27th in 2025.

According to the report, this is Greece’s lowest global position since 2022. The decline came despite positive annual ecosystem growth of 4.8 percent. However, that rate was well below the global average, meaning Greece lost ground as other startup ecosystems expanded more rapidly.

StartupBlink’s 2026 index ranks 1,556 cities and 100 countries, using indicators linked to startup quantity, quality, and the wider business environment. For Greece, the findings show a mixed picture: the country has recognizable startup successes, a sizeable ecosystem value, and improving policy tools, but its global momentum has slowed.

Greece’s business conditions are stronger than its startup outcomes

One of the clearest findings is the gap between Greece’s business environment and its overall startup ranking. Greece ranks 33rd among 125 countries in the Innovators Business Environment Index, significantly higher than its 51st position in the main startup ecosystem ranking.

This suggests that Greece has relatively strong underlying conditions for innovators, but these conditions have not yet fully translated into stronger startup ecosystem performance. The report estimates Greece’s startup ecosystem value at $12.1 billion. The country has two unicorns and three cities in the global top 1,000 startup cities.

Athens remains Greece’s dominant startup hub but weighs on national performance

Athens continues to dominate Greece’s startup scene, but its weaker performance was a major reason behind the country’s fall in the global ranking. The Greek capital dropped 17 places to 134th globally, after recording negative growth of 4.8 percent. In the Balkans, Athens also fell one position to third overall.

Despite this decline, Athens remains one of the region’s most mature startup ecosystems. The city leads the Balkans in the Ecosystem Maturity functional category, reflecting its track record in producing startup outcomes. StartupBlink also describes Greece’s level of ecosystem centralization as healthy. Athens scores 7.4 times higher than Thessaloniki, a ratio that points to a strong national hub while still leaving room for secondary cities to grow.

Thessaloniki grows although Heraklion records Greece’s strongest growth

Thessaloniki posted strong annual growth of 29.1 percent but still fell four places to 443rd globally because other cities advanced faster.

Heraklion, however, delivered Greece’s strongest city-level result. The port city of Crete climbed 89 places to 771st worldwide, with annual growth of 64.5 percent. That was the highest growth rate among Greek startup cities in the 2026 index. Heraklion’s performance shows that startup activity outside Athens is becoming increasingly visible even though the capital remains the country’s main innovation center.

Greece’s startup ecosystem ranks fifth in Southern Europe

Greece ranks fifth overall in Southern Europe. It performs slightly better in the Ecosystem Value functional category, where it ranks fourth in the subregion. In the Balkans, Greece ranks third overall, one place lower than last year. However, it performs better in specific sectors, ranking second in the region for both Fintech and Social & Leisure.

These sectoral rankings highlight areas where Greece has a stronger regional position, especially in financial technology and consumer-facing digital services.

Viva Wallet and PeopleCert remain Greece’s startup champions

The report identifies Viva Wallet and PeopleCert as Greece’s main startup ecosystem champions. Both are based in Athens and are privately valued at over $1 billion. Viva Wallet has a StartupBlink score of 570, while PeopleCert has a score of 277.

Viva Wallet became one of Greece’s most important startup success stories after JPMorgan acquired a 48.5 percent stake in the fintech company in 2022 in a deal valued at $2 billion. The transaction confirmed Viva Wallet’s status as Greece’s second unicorn and was described in the report as the country’s largest-ever startup deal.

PeopleCert crossed the $1 billion valuation mark in 2021 after acquiring AXELOS for approximately $525 million.

EquiFund, Elevate Greece, and NBG Business Seeds helped shape ecosystem

StartupBlink also points to several initiatives that have shaped Greece’s startup ecosystem over the past decade and a half. The National Bank of Greece launched NBG Business Seeds in 2010, with the report describing it as the country’s longest-running startup innovation competition.

Six years later, Greece and the European Investment Fund signed EquiFund, a fund-of-funds of approximately $290 million designed to help establish the country’s first professional venture capital market. Another important step came in 2020, when the Greek government launched Elevate Greece, the official national startup registry.

The platform gives startups access to state benefits, investor visibility, angel investor tax incentives, and Golden Visa eligibility. The report also names the National Bank of Greece / NBG Business Seeds, Elevate Greece, and Enterprise Greece as notable startup ecosystem builders.

Enterprise Greece is described as the country’s official investment and trade promotion agency, actively promoting the Greek startup ecosystem to international investors and supporting foreign founders through licensing and strategic investment frameworks.

New tax incentives and startup Golden Visa aim to attract capital

Recent policy developments also form part of the broader picture. In 2025, Greece introduced new tax incentives for angel investors, expanding the deduction cap to approximately $980 million, and launched a startup Golden Visa program. These measures are intended to attract startup investment and entrepreneurial talent.

In 2024, Greece, in partnership with the European Investment Fund, launched the EquiFund II equity mandate, with a focus on life sciences, health, and sustainability. Together, these initiatives indicate that Greece continues to strengthen the financial and policy framework supporting startups, even as its global ranking has declined.

Greece’s main challenge is faster startup ecosystem growth

The StartupBlink 2026 ranking does not depict Greece as a weak startup ecosystem. The country has two major startups valued above $1 billion, a total ecosystem value of $12.1 billion, strong business environment conditions, and clear institutional support.

The core issue is pace. Greece has grown but not quickly enough compared with global competitors. The contraction in Athens had a direct impact on the national ranking, while Thessaloniki and Heraklion demonstrate that regional ecosystems are still in a phase of development.

According to Greece’s Fire Service on Monday, sixty-four forest fires broke out across the country in the last two days, as rising temperatures heightened fire risk, with officials attributing most incidents to negligence during outdoor work and other activities.

Early assessments suggest that human carelessness is the primary cause in most cases. Specialized investigative units are currently examining each incident to establish the exact cause and determine responsibility where appropriate.

Heat and negligence heighten risk of forest fires across Greece

Officials said recent high temperatures have increased the risk of ignition and allowed fires to spread more rapidly. However, firefighting forces managed to bring most blazes under control at an early stage through rapid intervention.

The Hellenic Fire Service noted that the swift response prevented the fires from reaching populated areas, highlighting the importance of immediate mobilization in the critical moments after a fire breaks out.

The warning comes as Greece enters a particularly dangerous period for forest fire activity, when dry vegetation, rising temperatures, and local winds can quickly turn even a small spark into a fast-moving blaze.

Hundreds of fines and dozens of arrests since January

Authorities have stepped up enforcement of fire prevention regulations since the beginning of the year. From January 1 through June 7, they imposed 402 administrative fines across Greece, totaling around €383,395 ($442,500). During the same period, authorities made seventy-one arrests as called for under procedures for violations of fire prevention legislation.

The figures reflect a broader effort to discourage risky behavior before it leads to larger fires, particularly during periods when weather conditions make the natural environment more vulnerable.

Fire service urges public to avoid risky outdoor activity

The Fire Service has called on citizens to exercise extreme caution during outdoor activities, particularly those involving sparks, flames, machinery, burning materials, or labor near dry grass and forested areas.

Officials emphasized that most forest fires can be prevented by adhering to basic safety rules and avoiding actions that could ignite a blaze. “Attention from everyone is crucial for protecting human life, property, and the natural environment,” Greek authorities said.

Greece braces for forest fires as summer heat intensifies with expanded resources

The latest warning comes as Greece enters the wildfire season with a significantly reinforced firefighting plan designed to address increasingly intense and unpredictable summer blazes across the country. On the ground, the Hellenic Fire Service currently counts 17,727 permanent and seasonal firefighters, with the force expected to rise to 18,804 by the end of the year. More than 4,300 vehicles support this expanded manpower, enabling faster deployment and tactical assistance to regional units across both mainland and island areas.

Specialized forest commando units are expected to play a central role in this year’s strategy. These teams are trained to operate in challenging and inaccessible terrain where conventional firefighting forces may struggle to intervene quickly. The elite corps now consists of twenty-one units with 1,450 personnel, marking a sharp expansion compared to 2022, when the program began with just six units.

Greece has also strengthened its aerial firefighting capacity, with eighty to eighty-five aircraft expected to be available daily during the high-risk season, including thirty-three state-owned aircraft and fifty-one leased planes. These resources are intended to support rapid aerial containment, particularly in the critical early stages of a forest fire.

Authorities are increasingly relying on technology as well, including an expanded drone fleet, to improve surveillance and early detection in vulnerable areas. The goal is to identify smoke, heat signatures, or suspicious activity before fires spread, allowing Civil Protection and fire services to coordinate a faster response.

The Turkish Ministry of Culture and Tourism has officially declared the Granicus Battlefield—where Alexander the Great secured his first major victory against the Persian Empire—a “protected historical and archaeological site.”

According to a ministry announcement and statements shared on social media by Culture and Tourism Minister Mehmet Nuri Ersoy, the decision was based on recent archaeological discoveries and scientific studies in the Biga district of Çanakkale (Dardanelles).

Following extensive field surveys, scientific data evaluation, and the analysis of ancient sources linked to the Battle of the Granicus, the Çanakkale Regional Council for the Conservation of Cultural Property determined that the area meets all criteria for designation as an archaeological site.

The ministry highlighted the location as one of the most iconic landmarks in military history, marking the definitive starting point of Alexander the Great’s triumph over the Persian Empire.

Battle of the Granicus: “A Turning Point in World History”

In a social media post, Minister Mehmet Nuri Ersoy stated:

“We have officially placed the grounds of a battle that reshaped world history under state protection. The Granicus Battlefield, where Alexander the Great achieved his first major victory against the Persians and paved his way into Asia, has now been designated a ‘historical site.’ Located in Biga, Çanakkale, this unique landmark is officially protected in light of archaeological finds and rigorous scientific research. We believe this crucial step will significantly contribute to historical scholarship, boost cultural tourism, and enrich our country’s cultural routes.”

The Battle of Granicus

The Battle of the Granicus, fought in May 334 BC near modern-day Biga in northwestern Turkey, was Alexander the Great’s dramatic opening salvo against the Persian Empire. Having recently crossed the Hellespont into Asia Minor with roughly 32,000 infantry and 5,100 cavalry, the 21-year-old Macedonian king confronted a combined force of local Persian satraps (governors) and highly capable Greek mercenaries.

The Persians, positioned defensively along the steep, muddy eastern banks of the Granicus River, hoped to neutralize Alexander’s aggressive tactical style by forcing him to fight from a disadvantageous position in the water. Rejecting the cautious advice of his veteran general Parmenion to delay the attack, Alexander ordered an immediate, highly risky amphibious assault in broad daylight.

The engagement quickly devolved into a chaotic, brutal melee within the riverbed and up the muddy slopes. Alexander personally led the elite Companion Cavalry from the right wing, instantly becoming a prime target due to his conspicuous, brightly plumed helmet.

The fighting was so fierce that Alexander was nearly killed; a Persian noble shattered his helmet with a battleaxe, and just as another was about to deliver a fatal blow, his captain Cleitus the Black severed the attacker’s arm, saving the young king’s life.

Once the formidable Macedonian phalanx (infantry formation) crossed the river to support the cavalry, the Persian battle lines shattered. The victory was absolute: the Persian leadership was decimated, the surviving Greek mercenaries were ruthlessly executed or enslaved, and the psychological myth of Persian invincibility was shattered, effectively throwing open the gates of Asia Minor to Alexander’s conquering army.

Related: Archaeologists Identify Location of Alexander the Great’s Battle of Granicus

The Minoan Road, over 3,500 years old, is the oldest known paved road in Europe. It connected the prominent Minoan cities of Knossos, Gortyn, and Lebena on ancient Crete.

Only small sections of the road remain intact today, but this impressive ancient route ran approximately 50 kilometers (31 miles) across Crete.

Built during the height of the Minoan civilization, around 1600 BC, the road showcases the advanced engineering skills of the Minoans, who created an infrastructure that supported both daily life and economic activity across Crete.

The road included side drains to handle water runoff, a feature that helped preserve its structure by preventing water damage. Its condition is remarkable for an ancient road.

It was constructed with a solid, 200 mm (8-inch) thick layer of sandstone blocks bound with a clay-gypsum mortar. This sturdy base layer was then topped with basaltic flagstones, providing a durable surface.

The road included defined shoulders, which may have functioned as pedestrian pathways or for animal traffic, keeping it orderly and safe for movement.

Mythical King Minos used the road to talk to Zeus

According to legend, King Minos, the mythical king of Crete, son of Zeus and Europa, set out on this road (then a mere pathway) from Knossos, covering a large part of the way to the sacred cave, to meet his father Zeus and speak with him in person. There, he would learn about the mistakes that had been made and receive oracles concerning the best legislation for the future.

He started from Knossos and ended in the stalagmite cave of Dikteon Andron, located on Mount Dikte of the Ida or Ideon mountains of Crete (the current mountain of Psiloritis).

Minoan Road a crucial link in the Minoan civilization

The Minoan Road was a crucial link in the Minoan civilization’s network, facilitating trade, communication, and cultural exchange across Crete. Knossos, one of its endpoints, was the center of Minoan political and cultural life, while Gortyn and Lebena were significant in both Minoan and later Greek periods.

This road not only attests to the Minoans’ ingenuity but also underscores the role of Crete as a cultural and commercial bridge between the civilizations of the ancient Mediterranean.

The Minoan civilization’s infrastructure, especially roads like this, laid the groundwork for the development of European trade routes and road-building techniques in the centuries that followed.

Throughout most of the Bronze Age, the Minoans were the rulers of Crete. Over the course of their civilization, they gradually built up an incredible palace complex at Knossos. This was the most powerful city on the island.

The palace complex at Knossos served temple functions and was also an administrative center.

Ancient Athens’ oldest coins, minted in the period of the Athenian tyranny in the lead up to democracy in the 6th century BC, were created from ores such as silver originating around the world, a recent study suggests, revealing a previously unknown ancient global trade.

The study, published in the journal Archaeological and Anthropological Sciences, sheds light on how exiled Peisistratus, who ruled ancient Athens as a tyrant three times, managed to set up silver mining operations in spite of the fact that hostile local tribes controlled the regions and its mines. It has long been argued that Peisistratus sourced the silver from the districts of Mount Pangaion and the Strymon river in northern Greece, followed by the exploitation of mines in Lavrion, near Athens.

Athenian coinage was instigated by Peisitratus, who ruled Athens from 546 to 510 BC. This first series of coins in ancient Athens is known as Wappenmunzen, referring to an array of silver and electrum coins, of which the most important were the ‘horse,’ the ‘gorgon,’ and the ‘wheel,’ each of which had their own variations. They were later replaced by the long-lasting and emblematic design for which Athens’s coinage became best known—the owl of Athena.

Researchers studied 22 ancient coins from Peisistratus’ time, 16 from the Numismatic Museum in Athens and six from the British Museum in London. Apart from silver, the coins contain a mixture of other elements, including copper, zinc, gold and lead. They rubbed these pieces on paper strips to obtain a small quantity of the metals, then used a chemical analysis technique known as gas chromatography (a separation technique using gas flow through a glass or metal column that separates compounds). Lead mined from around the world has different isotopic signatures, reflecting those locations. Therefore the researchers were able to match the coins’ signatures to those held on a lead isotope database, allowing them to pinpoint where the material came from.

The analysis of the data researchers collected shows that the Athenians used a wide and unexpected variety of ore sources for the minting of their first series of coins, ranging from Spain in the west to the south of France, through to Turkey in the east and the Rhodope mountains and Romania in the north—the key finding of the study. Lavrion ores, according to the findings of the researchers, were not found in the 22 sampled Wappenmunzen. 

The authors suggest that Peisistratus must have tapped international connections to mint coins under his rule, while the overall analysis points to undocumented trading relationships and a much more interconnected ancient world.

Athens under Peisistratus, minter of Athens’ first coins

Peisistratus was an ancient Greek statesman who ruled Athens three times as a tyrant. His reforms laid the foundations for the city’s later supremacy in Greece.

Born around 600 BC, he first came to power with a coup in 561 BC and ruled Athens as a tyrant two more times, from 559 to 556 BC and again in 546 until his death in 528 BC. He was very popular with Athenians.

His defense of the lower class of Athens is an early example of populism. While in power, he confronted the aristocracy and significantly reduced their privileges, confiscating their estates and giving them to the poor.

He also funded many religious and artistic programs in order to improve the economy and distribute wealth more equally among Athenians.

Peisistratus’ legacy includes the unification of Attica, the organization of the Panathenaic Games and the first attempt to produce a definitive edition of Homer’s epics (until then hand-written copies were available only to the rich).

The Athenian ruler promoted the cults of Athena and Dionysus and began the construction of the temple to Athena on the Acropolis. He also promoted a number of other public works, including the Lyceum, temples to Apollo and Zeus, and the Fountain of the Nine Springs.

Furthermore, he supported literature and the arts, and the city’s Dionysia festival flourished during his time. The Athenian coinage had been introduced by about 550 BC and may reflect a policy of his, though there is no clear reference of this in contemporary documents.

The Bodossaki Foundation announced the two distinguished Greek scientists honored with the Bodossaki Excellence Award 2026 for their pioneering, internationally recognized life’s work: preeminent theoretical computer scientist Christos Papadimitriou and internationally renowned economist Pinelopi Koujianou Goldberg.

The Bodossaki Excellence Award is awarded biennially to Greeks who have dedicated their lives to science. It is accompanied by a cash prize of €100,000 (around $115,500).

In the field of Technological Sciences: The award is presented to Christos Papadimitriou, Donovan Family Professor of Computer Science at Columbia University, USA.

In the field of Social Sciences: The award is presented to Pinelopi Koujianou Goldberg, William Nordhaus Professor of Economics and Global Affairs at Yale University, USA.

The awards will be presented by the President of the Hellenic Republic, Mr. Konstantinos An. Tasoulas, at an official ceremony to be held on Thursday, 25 June 2026, at Megaron the Athens Concert Hall.

“The objective of the Bodossaki Excellence Award is twofold: to serve as our country’s most elevated scientific recognition for Greek scientists who have expanded the frontiers of knowledge, and to showcase crucial role models for the generations to come,” notes Athina Dessypri, President of the Board of Trustees of the Bodossaki Foundation.

“It is with great pleasure that we welcome Ms. Pinelopi Koujianou Goldberg and Mr. Christos Papadimitriou into the prestigious circle of the institution’s laureates.”

About the Bodossaki Foundation laureates’ scientific contributions

Christos Papadimitriou: The Limits of Computation

Christos Papadimitriou has had a decisive influence on theoretical computer science, shaping the language and tools on which modern algorithmic design is based.

Foundations of Complexity: His early research laid the mathematical foundations of computational complexity theory—the study of what computers can and cannot solve efficiently. He pioneered the study of approximation algorithms and computationally intractable problems, such as finding equilibrium points in games.

Interdisciplinary Pioneer: Over the last three decades, he has used computational theory as an interpretive tool for other sciences. He is a founder of algorithmic game theory (crucial to our understanding of the Internet) and has since expanded his research into biology, evolutionary theory, the human brain, and artificial intelligence.

Public Engagement: Beyond academia, he has popularized modern computational theory among students and the broader public through both foundational textbooks and acclaimed novels.

Academic Background: A graduate of the National Technical University of Athens and Princeton, he has taught at Harvard, MIT, Stanford, UCSD, UC Berkeley, and Columbia University. He is a full member of the Academy of Athens, the US National Academy of Sciences, and the National Academy of Engineering.

Pinelopi Koujianou Goldberg: Empirical Analysis of Global Trade and Development

Pinelopi Koujianou Goldberg is a leading researcher in the empirical analysis of global trade policy, focusing on international trade, inequality, and development.

Measuring Globalization: By combining microeconomic data with structural economic models, she has produced critical estimates regarding the impact of globalization on social well-being and the unequal distribution of its benefits both between and within countries.

Nuanced Trade Impacts: Her work has demonstrated that the effects of trade liberalization are not uniform; rather, they depend on market structures, competition, institutional conditions, and domestic policies.

Global Leadership: As Chief Economist of the World Bank (2018–2020), she enhanced research transparency and promoted evidence-based policy design. She has also served as Editor-in-Chief of the American Economic Review and President of the Econometric Society.

Current Focus: Her recent work analyzes shifts in globalization—including the US-China trade war and the resurgence of industrial policy—as well as the role of gender-based distortions in restricting economic growth.

Academic Background: She studied at the University of Freiburg and completed her Ph.D. at Stanford. She has held tenured professorships at Princeton, Columbia, and Yale. She is a member of the US National Academy of Sciences and an International Fellow of the British Academy.

Related: 10 Foundations Join Forces to Help Start-Ups, Non-Profits in Greece

The Alpha Omega Council of Boston hosted recently its 7th annual Greek Heritage Night at Fenway Park, welcoming an estimated 5,000 Greek-Americans to the stadium to watch the Boston Red Sox take on the Atlanta Braves.

The annual event serves as a major fundraiser for the Alpha Omega Council, a Greek-American organization dedicated to cultivating the ideals of Hellenism, philanthropy, and fellowship. This year’s celebration paid tribute to the memory of baseball legend Harry Agganis, nicknamed “The Golden Greek,” and raised vital funds for the Metropolis of Boston Camp (MBC). Net proceeds from a sold-out block of 2,400 tickets will directly benefit the MBC Gym Field House Project, currently underway at the St. Methodios Faith & Heritage Center in Contoocook, New Hampshire.

A Celebration of Culture on Jersey Street

Greek Heritage Night transformed Fenway Park into a vibrant celebration of culture. Prior to first pitch, a Heritage Pregame Ceremony on Jersey Street featured traditional performances from local Greek dance groups, including the Metropolis of Boston Dance Group, the Boston Lykeion Ellinidon, the Sons & Daughters of Alexander the Great, and the Annunciation Church of Brockton Dance Group.

The festive evening officially kicked off with a stunning rendition of the National Anthem by Dessa Kavrakis, a Grammy Award-winning Greek-American musician and undergraduate student at Harvard University and Berklee College of Music. The ceremonial first pitch was thrown by MBC Program Director Louis Stamoulis, followed by an on-field ceremony recognizing a distinguished group of community leaders and athletes.

“Greek Heritage Night with the Boston Red Sox has become a wonderful tradition for the Alpha Omega Council to promote Hellenism and unite thousands of Greek-Americans from across New England,” said Chairperson Christos Chrisafides. “We are blessed to use this platform to raise both awareness and funds for causes that deeply impact our community. It has been an honor to serve as Chairperson, building on the foundation laid by pioneers like Bill Galatis and the Boston AHEPA. Of course, none of this would be possible without the incredible cooperation of the Boston Red Sox organization.”

Council President Paul Tsitsopoulos added, “We are thrilled to dedicate this year’s proceeds to the new Field House and Gym Project at the Metropolis of Boston Camp. The camp is a sacred space where generations of Greek-American youth have built lifelong friendships while strengthening their roots. This new facility will expand the camp’s capabilities, allowing it to serve even more youth, especially during the winter months.”

Commemorating community heroes

During the game’s “Hats Off to Heroes” segment, Cretan-native and HELPIS founder and president Joyce Deliyiannis received special recognition. The Color Guard—featuring MBC dance group members Alexander Athanasiou, Christopher Chronopoulos, Evan Meltsakos, Nickolas Potamitis, Harry Theodore, and Paul Tsiomplikas—proudly presented the Greek, American, Massachusetts State, and Alpha Omega Council flags.

Distinguished guests in attendance included His Eminence Metropolitan Methodios of Boston, who is celebrating 40 years of spiritual leadership in New England and is the visionary behind the Faith and Heritage Center, alongside Chancellor Father Ted Barbas.

The successful event was orchestrated by the Greek Heritage Night planning committee, led by Chairperson Christos Chrisafides and Co-Chair John Mokas, alongside committee members Paul Tsitsopoulos, Costa Sideridis, Nick Rizos, John Pappas, Teddy Demitriades, George Karalis, Kosta Alexis, and Tom Gatzunis.

The Red Sox game capped off a trilogy of major 2024 sports fundraisers for the Council, following highly successful heritage nights with the Boston Celtics on March 20 and the New England Revolution on March 23.

The Alpha Omega Council

The Alpha Omega Council is a non-profit philanthropic organization based in Boston, Massachusetts. Its mission is to promote patriotism and cultivate the ideals of Hellenism by supporting scholarly, athletic, medical, charitable, scientific, literary, religious, and educational activities throughout New England and the United States.

Comprised of professionals across business, academia, medicine, law, and science, the Council has contributed over $2,000,000 to various philanthropic causes since its inception, in addition to its annual Peter Agris Memorial Journalism Scholarship Awards.

Related: Alpha Omega Council Hosts Record-Breaking 2025 Honors Gala

On the remote island of Kastellorizo, the Near & Far Festival, the world’s only cultural event dedicated entirely to the Greek diaspora, returns for its second edition from June 25 to 28, 2026, transforming this historic island into a vibrant crossroads of cultures, people, and experiences.

Spanning four days, this multi-themed festival bridges the “Near” and the “Far,” connecting Greece with its global diaspora, the local community with international audiences, and art with society. The festival is the brainchild of Pericles Kanaris, a New York-based artist with an acclaimed international career. Driven by his vision to create a platform for Greek artists excelling worldwide, Kanaris has turned this ambitious concept into a reality.

Following its spectacular 2025 debut, which local authorities recorded as the highest-attended cultural event in Kastellorizo’s history, the festival returns even stronger, boasting a distinct identity and an expanded program.

Last year’s inaugural event was defined by the exceptional caliber of its performers, the blending of diverse musical traditions, and, most movingly, the active participation of the island’s children—a beautiful legacy that continues this year. Furthermore, a global radio broadcast via ERT’s “Voice of Greece” shattered geographical boundaries, amplifying the festival’s international reach.

In 2026, Near & Far is aiming even higher. This year, the festival aspires to livestream the entire Kastellorizo experience via real-time video to global audiences, forging new bonds with the Greek diaspora and international communities. The event proudly continues its collaboration with the Hellenic Ministry of Culture and the Ministry of Foreign Affairs (General Secretariat for Greeks Abroad and Public Diplomacy).

Concert Program: 4 Themed Nights

Thursday, June 25 | 21:00 Bridges — ERINI “Fos: An Asia Minor Story”

ERINI, based in the United States with roots from Crete and Asia Minor, presents a musical journey blending traditions and contemporary influences, in collaboration with musicians from Greece.

Friday, June 26 | 21:00 Far Voices — Mario’s Toumbas Jazz Trio “East of the Sun”

Pianist Mario Toumbas and his trio present original compositions and jazz standards in an evening that resonates with the global sound of jazz.

Saturday, June 27 | 21:00 Together — Pericles Kanaris Quartet featuring Andriana Babali, George Karavelatzis & Kastellorizo Kids

Original compositions and arrangements by Pericles Kanaris in a special collaboration with the island’s children. Joining them are beloved singer Andriana Babali and oud player George Karavelatzis, a specialist in the local musical tradition of Kastellorizo.

Sunday, June 28 | 21:00 Near Roots — Costa Latsos “Pappou’s Grammophone”

Tenor Costa Latso, born in Australia to Kastellorizian parents and based in Berlin, presents a program moving between opera, Broadway, and crossover, accompanied by accordionist Thanos Stavridis.

Workshops, activities & parallel Program of the Kastellorizo festival

The Near & Far 2026 festival expands beyond concerts, incorporating educational, experiential, and participatory activities for all ages.

Educational & Creative Workshops (Children)

Visual arts workshop with Heike Kummer (June 25, 11:00–13:00)

Music workshop with Mario Toumbas (June 26, 13:30–15:00)

Wellness & Experiential Activities

Meditation and sound healing sessions for adults (June 27 & 28, 11:00–13:00)

Lecture

Talk by Alexandros Kitroeff on the Greek Diaspora (June 27, 20:00–21:00)

A festival that connects

Near & Far is more than just a festival. It is an open platform for connection, where art becomes a catalyst for bringing people, places, and generations together. A space where Kastellorizo is not on the edge, but at the center of a global cultural dialogue.

With the participation of artists from Greece and the diaspora, and with the active involvement of the local community, Near & Far continues to build a new cultural tradition—vibrant, participatory, and outward-looking.

Armed with metal detectors, treasure hunters roam the landscapes of Greece, where myth and history intertwine. Drawn by whispered legends, ancient texts and the promise of lost riches they delve into the mountains, islands, and forgotten ruins in pursuit of gold, relics and long-lost artifacts.

Treasure hunters are often drawn to locations of great historical significance, with the rugged mountainous regions of Greece being among their preferred destinations. These landscapes, steeped in history and mystery, have long served as silent witnesses to war, upheaval, and human resilience.

Treasure hunters in Greece target mountainous areas

During World War II and the subsequent Greek Civil War (1946–1949), many villagers, fearing for their lives and possessions, resorted to hiding their valuables in secret caches. With no access to banks or secure storage facilities in these remote areas, people buried gold coins, jewelry, and family heirlooms deep within the earth or concealed them inside natural enclosures such as caves, stone walls, and hollowed-out tree trunks.

However, the brutal conflicts claimed countless lives and many of those who had hidden their treasures never survived to retrieve them. Over the decades, these hidden fortunes have become the stuff of local folklore, fueling speculation and inspiring generations of treasure hunters to embark on daring quests to uncover the lost wealth of the past.

Even today, rumors persist of forgotten hoards waiting to be discovered, buried beneath the very ground where history was once shaped by war and survival.

Antonis Vlachos stands out among treasure hunters. Not only does he own one of the few specialized shops in Greece that sell sophisticated metal detectors, but he also collaborates closely with the police to prevent illegal activities, such as the unauthorized excavation of ancient artifacts. For him, treasure hunting is more than just a business—it’s a passion, a lifelong hobby that combines adventure with a deep respect for history and the law.

He is also the only one of the treasure hunters who was willing to speak to Greek Reporter.

“Treasure hunters are in their thousands all over Greece. Perhaps most of the activity takes place the Peloponnese, Epirus, and Northern Greece,” he says.

“People have made money out of this activity and understandably they keep a low profile. It’s like winning the lotto. Nobody wants to reveal their identity and the value of the treasure they found.”

The legend of the Ali Pasha treasure

For decades treasure hunters searched for the so-called riches supposedly left behind by Ali Pasha, an Ottoman ruler of Ioannina known for his atrocities (1740–1822).

According to local folklore, Ali Pasha, anticipating his eventual fall from power, concealed vast amounts of treasure in various secret locations across Epirus, Thessaly and western Greece. His personal wealth came from heavy taxation, trade, extortion and alliances with foreign powers (including the British and the French).

Treasure hunters from all over the world began searching for his fortune to no avail. The first organized operation to find the treasure took place in 1913, with the liberation of Ioannina, by an Italian company. For five whole years its workers excavated the surrounding areas without result.

The latest highly publicized case was that of a Greek-Australian treasure hunter, Vangelis Dimas, who financed an excavation to locate the hoard in 2012 in Thessaly.

“It remains a topic of speculation among people, as historically, there is no concrete evidence that such a treasure ever existed,” Vlachos notes.

“Some believe that one of Ali Pasha’s sons took the wealth and fled, but the details of what truly happened—and how—remain unknown. Over time, numerous legends and myths have emerged, though only a small portion of them may be based on actual events,” he adds.

The legend of Ali Pasha is just one of many—“in every coffee shop in the country there is talk of a lost treasure that is supposedly somewhere nearby.”

Maps supposedly showing lost treasures in Greece

Vlachos is not prepared to divulge the value of the treasures that have been unearthed in Greece over the recent decades, but he insists that many people make a good living out of their endeavors. Some people—he says—go to the beaches at night and use metal detectors to search for jewelry lost by bathers in the previous days or even months.

He reveals that maps of supposed buried treasures are circulating among treasure hunters. They are made in a way that makes them look old, to give the impression that they are authentic. “Various crafty people make them and sell them to naive people, from 1,000 euros. I have even heard a price of 15,000 euros.”

Vlachos also says that most gold hunters operate within a legal framework and that illegals are a minority.

To proceed with an excavation, one must have three permits. A permit to possess a metal detector, then they must obtain a research permit, issued by the Ministry of Culture and the local Antiquities Ephorates. For the permit to be issued, a process that can take from three months to a year, the proposed search area must not be located within a designated archeological site.

If any findings emerge during the search, an excavation request is submitted to the appropriate authorities.

Turkey denied that its jets harassed the military aircraft carrying Greek National Defense Minister Nikos Dendias and his French and Dutch counterparts to Cyprus.

Earlier, it was reported that the “control tower” of the illegal Tymbou Airport in occupied Cyprus attempted to jam the aircrafts’ communications system. Furthermore, according to Philenews, two Turkish F-16 fighter jets scrambled from Tymbou, tracking the official state aircraft of the European ministers from a distance as they headed toward Cyprus.

A statement from the Turkish Presidency said that “claims in certain news media and social media accounts” about such harassment on Sunday and about Turkish warplanes violating Greek airspace were “completely false.”

The statement said that four of the six aircraft heading from Greece to Cyprus “breached the airspace” of Turkish-occupied northern Cyprus, and as a result two Turkish F-16 fighters took off from the ethnically divided island’s north “as a precaution.”

It said the F-16s did not enter Cypriot airspace and “there was no harassment” of the four aircraft.

The incident took place just hours before France and Cyprus were set to sign a Status of Forces Agreement (SOFA) on Monday, which will allow Paris to station military forces on the island.

France and Cyprus to sign military deployment agreement

The agreement will be signed in Nicosia by French Defense Minister Catherine Vautrin and her Cypriot counterpart, Vassilis Palmas. Both ministers are scheduled to attend an informal meeting of the EU Foreign Affairs Council (Defense) on the same day.

The Turkish Cypriot side condemned the agreement as “null, void, and legally invalid.” They expressed concerns that the deal could alter the balance of power on the island, disregard Turkish Cypriot rights, and escalate regional tensions. They further argued that the Republic of Cyprus lacks the authority to sign such an agreement on behalf of the entire island.

Related: Turkey Deploys Six F-16s to Occupied Northern Cyprus

Greek authorities have arrested a 55-year-old Greek-Australian fugitive wanted for a 1999 murder in Sydney, ending a 27-year international manhunt. James Dalamangas, the target of a longstanding Interpol Red Notice, was apprehended in the Peloponnesian town of Aigio, near Patras, where he had been living off the grid under a false identity.

The arrest is a major development in a cold case that has spanned nearly three decades. Dalamangas is the prime suspect in the murder of Greek expatriate George Giannopoulos.

Who did Dalamangas kill in Sydney in 1999

The fatal incident occurred in 1999 at a nightclub in Sydney, Australia. According to the case file, Giannopoulos attempted to act as a peacemaker, stepping in to stop a violent brawl that had erupted between two patrons. During his intervention, Dalamangas allegedly launched a sudden attack, inflicting fatal knife wounds on the victim. While Australian law enforcement issued an arrest warrant within 24 hours of the stabbing, the suspect managed to flee Australia and escape to Greece before he could be detained.

For 27 years, Dalamangas lived undetected in the Aigialeia region, specifically in the Alsos community. He adopted the alias “Antonios Tzimas” to integrate into the local society, leaning on his family ties to the area, as his mother originally hailed from the nearby village of Temeni.

To maintain his cover, he resided in a property described by local media as a fortress. The house was entirely enclosed by high walls and guarded by a large pack of aggressive dogs, apparently a deliberate measure designed to prevent anyone from approaching the premises uninvited.

Greek police recently obtained significant intelligence regarding his exact whereabouts and initiated a strict stakeout. Officers maintained continuous surveillance outside the fortified compound for three days, waiting for the suspect to make a mistake. The operation concluded successfully when Dalamangas exited the property, accompanied by his father and his partner.

Officers immediately intercepted the group and requested identification. The 55-year-old initially stuck to his cover story, giving his alias. Because authorities possessed concrete proof regarding his true identity, they brought him in for further questioning. Faced with persistent interrogation at the police station, he ultimately confessed to being the fugitive wanted by Australian authorities since 1999. Following the admission, investigators searched the Aigio property to determine if he possessed additional forged documents. The search yielded a crossbow and various sharp objects.

What will happen to Dalamangas now

Dalamangas is currently held at the Aigio police headquarters. He is scheduled to appear before the appeals prosecutor in Patras on Monday, June 8, 2026. This hearing will initiate the official judicial procedures required for his extradition back to Australia.

The successful capture drew praise from the commander of the Aigio Security Department, who played a central role in coordinating the raid.