Greece emerged as one of the leading countries in the Condé Nast Traveller Readers’ Choice Awards, with eight Greek islands ranked among Europe’s top 20.

Naxos claimed first place with a score of 95.71, just ahead of some of the Mediterranean’s most famous destinations, including Ibiza, Capri, Hvar, Mallorca, and Sicily. The result places the Cycladic island at the center of Europe’s travel spotlight and highlights the continued strength of Greece’s island tourism.

Alongside Naxos, the Greek islands featured in the ranking include Crete, Corfu, Rhodes, Skiathos, Mykonos, Folegandros, and Santorini.

Greece’s islands stand out in Europe’s awards

The ranking gives Greece one of the strongest national presences on the list. Eight of the twenty destinations are Greek, reflecting the country’s broad appeal to international travelers.

Crete ranked eighth with a score of 91.42, narrowly behind Sicily, which scored 91.43. Corfu followed in tenth place with 90.95, while Rhodes came in at eleventh with 90.86. Skiathos also ranked well in twelfth place with 89.52.

Further down the list, Mykonos placed fourteenth with 88.57, ahead of Cyprus, Sardinia, Folegandros, Santorini, Malta, and the Azores. Folegandros ranked seventeenth with 84.29, while Santorini placed eighteenth with 83.27.

All in all, the results show that Greece’s appeal extends far beyond its most popular destinations. The country’s islands continue to attract travelers looking for beaches, culture, food, history, nightlife, and quieter escapes.

Naxos tops Europe’s best islands as Greece shines in awards

Naxos’ first-place ranking is especially notable because it points to a shift in traveler preferences. While Santorini and Mykonos remain among Greece’s most well-known international destinations, readers placed Naxos above both.

The island is widely admired for its long sandy beaches, traditional villages, local cuisine, and more relaxed atmosphere. It also possesses a strong cultural identity, from its mountain settlements and agricultural traditions to the Portara, the ancient marble gate that stands near the entrance to its harbor.

Its score of 95.71 put it ahead of Ibiza, which ranked second with 93.06, and Capri, which placed third with 92.86. That margin underlines Naxos’ growing reputation as a destination that combines natural beauty, authenticity, and accessibility.

Crete, Corfu, Rhodes, and Skiathos remain traveler favorites

Crete’s high ranking confirms its status as one of Europe’s most all-encompassing island destinations. Greece’s largest island offers ancient sites, historic cities, mountain landscapes, beaches, and one of the country’s most distinctive culinary traditions.

Corfu and Rhodes also secured places in the top half of the list. Corfu, known for its Venetian architecture and Ionian character, ranked just ahead of Rhodes, one of the Dodecanese’s most visited islands and home to a famous medieval town.

Skiathos followed closely behind. Known for its beaches and green landscape, the island ranked twelfth, further strengthening Greece’s position in the upper tier of the European list.

Mykonos, Folegandros, and Santorini keep Greece in the top 20

Mykonos, Folegandros, and Santorini completed Greece’s presence in the top 20. Their inclusion is characteristic of the diversity in Greek island travel, from high-profile luxury destinations to smaller islands with a more serene personality.

Mykonos ranked fourteenth, maintaining its place among Europe’s most recognizable island names. Folegandros placed seventeenth, confirming the appeal of smaller Cycladic destinations. Santorini, one of the world’s most photographed islands, ranked eighteenth.

Although Santorini and Mykonos remain global symbols of Greek tourism, the success of Naxos and Folegandros suggests that travelers are also turning to islands that offer a more understated experience.

Top 20 islands in Europe

1. Naxos, Greece — 95.71
2. Ibiza, Spain — 93.06
3. Capri, Italy — 92.86
4. Hvar, Croatia — 92.38
5. Canary Islands, Spain — 92.06
6. Mallorca, Spain — 91.67
7. Sicily, Italy — 91.43
8. Crete, Greece — 91.42
9. Madeira, Portugal — 90.99
10. Corfu, Greece — 90.95
11. Rhodes, Greece — 90.86
12. Skiathos, Greece — 89.52
13. Corsica, France — 89.17
14. Mykonos, Greece — 88.57
15. Cyprus — 85.71
16. Sardinia, Italy — 84.76
17. Folegandros, Greece — 84.29
18. Santorini, Greece — 83.27
19. Malta — 82.38
20. Azores, Portugal — 78.57

Cannabis use among teens in Greece has reached its highest level in 25 years, while cocaine and other stimulants are gaining ground across the country, according to the European Drug Report 2026 by the European Union Drugs Agency (EUDA), presented on June 9, 2026.

The report shows a shifting drug landscape in Greece. Cannabis remains the most common illegal substance, cocaine use continues to rise, and opioids, mainly heroin, still account for most overdose deaths.

According to the findings, 11.5 percent of 16-year-old students in Greece have used cannabis. The rate stood at 9.4 percent in 2019. The latest figure marks the highest level recorded in the past quarter century.

Cannabis use rises among teens in Greece

Cannabis use in Greece is increasing among adolescents, and those entering treatment programs more frequently report it as their substance of choice. In 2024, 28.8 percent of people in drug rehabilitation programs revealed that they predominately used cannabis. This was even higher among those seeking treatment for the first time.

The number of people entering treatment for cannabis use has risen by 32 percent compared with a decade ago. Such a trend implies that cannabis has become more deeply entrenched in Greek society among users. The report also notes that the types of cannabis products available in the Greek market appear to be expanding.

New synthetic and semi-synthetic cannabinoids raise concern

Greek authorities are also tracking the spread of synthetic and semi-synthetic cannabinoids, which now show a measurable presence in the domestic drug market. Semi-synthetic cannabinoids ranked as the second most commonly reported substance among people in Greece with recent drug use who participated in the 2024 European Web Survey on Drugs.

The Greek Poison Center first recorded cases linked to semi-synthetic cannabinoids in 2023, when it reported 34 intoxication incidents associated with HHC use. In 2024 and 2025, the center recorded 66 and 52 cases, respectively, involving THCP, H4-CBD, and HHC.

Data from Greece’s Early Warning System, operated by EKTEPN, shows that authorities detected eight new semi-synthetic and synthetic cannabinoids in the country for the first time in 2025. They had detected ten such substances in 2024.

Opioids remain leading cause of overdose deaths

Opioids continue to pose one of the most serious drug-related health risks in Greece. According to ELSTAT data cited in the report, opioids or other unspecified narcotic substances, mostly heroin, were involved in 72.9 percent of the 194 overdose deaths recorded in Greece in 2023.

Across Europe, opioids remain the leading cause of fatal overdoses, often in combination with other substances. The EUDA report also highlights increasing concern over new synthetic opioids, including nitazenes and orphines, which have appeared in Europe’s Early Warning System.

Greece differs from many other European countries because opioids remain the most frequently reported main substance among people entering treatment. In 2024, they accounted for 38.4 percent of treatment entrants. However, their dominance has weakened. The number of people entering treatment for opioid use in Greece has fallen by 51 percent compared with ten years ago. Among first-time treatment entrants, only 18 percent reported opioids as their main substance. These figures point to a broader change in Greece’s drug-use profile, as cannabis and cocaine now play a larger role in treatment demand.

Cocaine becomes increasingly visible in Greece

Cocaine remains the second most widely used illegal substance in Europe after cannabis among people entering treatment for the first time, according to the report. Cocaine-related harm is also increasing, while some European cities and marginalized communities are reporting more frequent crack cocaine use.

In Greece, cocaine and other stimulants now have a significant presence in drug-use patterns. Powder cocaine ranked as the most frequently reported substance after cannabinoids among people in Greece with recent drug use who participated in the 2024 European Web Survey on Drugs.

In 2024, 29.4 percent of people entering treatment reported cocaine and other stimulants as their main substance of use. This figure alarmingly approaches that for cannabis and marks a major increase compared with previous years. The number of people entering treatment for cocaine or other stimulant use has increased by 106 percent compared with five years ago and by 256 percent in comparison to a decade ago.

Attica records stronger cocaine indicators than other regions

People entering treatment report cocaine and other stimulants as their main substance of use more often in the Greater Athens (Attica) area than in Thessaloniki or other regions of Greece. Wastewater analysis in the region by the Laboratory of Analytical Chemistry at the National and Kapodistrian University of Athens shows a further sharp increase in cocaine presence in 2025. Researchers measure the trend through benzoylecgonine, cocaine’s main metabolite.

The estimated average daily quantity per 1,000 people rose by 64 percent compared with 2024. It also stood 211 percent higher than five years earlier. These figures suggest a significant shift in drug-use patterns, at least in the Athens metropolitan area.

Greece remains a cocaine entry and transit point as cannabis use among teens rises

Cocaine availability remains high in Greece despite a drop in the total quantity seized in 2024 in comparison to 2023. At the same time, authorities recorded a higher number of cocaine seizures. Continued flows through shipping containers from Latin American countries confirm Greece’s role as an entry point, transit hub, and final destination for significant quantities of cocaine.

The wider European picture described by the EUDA indicates a more complex and risky drug environment. People who use drugs now face exposure to a broader range of psychoactive substances, often with high potency or purity. New products, mixtures, and combinations are also becoming more prevalent.

A Greek court has sentenced James Dalamangas, the 55-year-old fugitive wanted in Australia over a 1999 Sydney killing, following his arrest in the Peloponnese after nearly 27 years on the run.

Dalamangas appeared before a judge in the town of Aigio on Thursday, just days after Greek police arrested him at a nearby rural property. Australian authorities have long sought his extradition in connection with the fatal stabbing of George Giannopoulos, a father of two, outside a Sydney nightclub in 1999.

Greek court sentences James Dalamangas after arrest near Aigio

Greek police arrested Dalamangas at a rural property near Aigio, where he had allegedly been living under the false identity of Antonis Tzimas.

According to local reports, he had lived in the area for years and worked as an olive farmer. The court sentenced Dalamangas to two years and nine months in prison on weapons and false testimony charges. Greek authorities also convicted two other people, an 86-year-old man and a 47-year-old woman, of harboring a fugitive. However, both received temporary release pending appeals against their sentences.

Australia seeks James Dalamangas over Sydney killing

Australian authorities are expected to submit a formal extradition request in the coming weeks. They are seeking Dalamangas’ return to face proceedings related to the 1999 killing.

Former NSW Police detective Duncan McNab revealed the extradition process will depend on the Greek legal system and government. “Ultimately, this will go through the courts in Greece, reviewed by the government. They may make a decision to send him back to us. I hope they do,” McNab said.

Dalamangas, who holds Greek citizenship, is expected to oppose any attempt to extradite him to Australia. His lawyer has indicated that he intends to fight the process.

Greek statute of limitations may complicate case

If Dalamangas remains in Greece, he is unlikely to face murder charges over the 1999 incident, as the statute of limitations for murder under Greek law expires after 25 years.

According to reports, police identified and located Dalamangas based on limited information, including a tattoo bearing the Ancient Greek phrase “Molon Lave,” meaning “Come and get them.” Authorities then placed his property under surveillance prior to  carrying out the arrest.

Greece is turning to artificial intelligence, Internet of Things sensors, and digital twins to monitor aging bridges in real time, as the country moves toward a more preventive model for infrastructure safety.

The program, known as Smart Bridges, is being implemented by the Technical Chamber of Greece under the responsibility of the Ministry of Infrastructure and Transport. It is funded through the European Union’s NextGenerationEU mechanism as part of Greece’s Recovery and Resilience Plan, Greece 2.0.

The project is designed to provide authorities a live picture of how bridges behave under traffic, weather, and environmental stress. Rather than relying solely on periodic visual inspections, engineers can now receive continuous data from sensors installed on selected road and railway bridges.

Greece builds digital shield for aging bridges

The Smart Bridges system is already monitoring 271 bridges across the country. The program is expected to cover roughly six hundred road and railway bridges, establishing one of Greece’s most advanced digital infrastructure monitoring networks. The technology is based on Real-Time Structural Health Monitoring, a method that uses sensors to record how a structure responds to loads, vibration, movement, temperature changes, and other external pressures.

This information is then transmitted to digital platforms, where engineers can analyze it and detect unusual patterns. Artificial intelligence helps process large volumes of data and identify early warning signs that may require further inspection or maintenance. The goal is not only to detect damage but also to help authorities understand which bridges face the greatest pressure and where maintenance should be prioritized.

Sensors already reveal heavy traffic loads

Early findings show why continuous monitoring matters. On a bridge along the Axioupoli–Goumenissa national road in Kilkis, sensors recorded more than one thousand excessive load events over a three-month period. In Larissa, on a bridge on Karamanli Street above a railway line, the system recorded more than two thousand significant load events during the same period.

Together, these figures show the value of real-time data. Heavy vehicles, repeated traffic loads, climate conditions, and decades of use can all affect the condition of bridges. Without continuous monitoring, many of these stressors may remain invisible, leading to more serious damage.

Digital twins bring infrastructure into the data age

A central part of the project is the creation of a digital twin for each monitored bridge. This is a dynamic digital model of a real structure. It is updated as new data comes in from sensors, allowing engineers to compare expected behavior with actual performance.

This makes it possible to detect minor changes in a bridge’s condition over time. It can also help authorities plan maintenance more efficiently, reduce emergency repairs, and make better use of public funds. In this way, the system is meant to transform bridges from passive structures into monitored infrastructure that continuously reports on its own condition.

A major EU-funded infrastructure project

The Smart Bridges project is funded through the European Union’s NextGenerationEU mechanism under Greece’s Recovery and Resilience Plan, Greece 2.0. The project’s budget increased as its scope expanded. Greece 2.0 initially listed Smart Bridges at €222.4 million ($256.2 million), with €80.2 million ($92.4 million) coming from Recovery Fund financing.

A later official amendment raised the approved total budget to €285.3 million ($328.7 million) after 151 additional bridges were added to the project. The funding supports the installation of monitoring systems, the development of digital bridge models, the collection of real-time structural data, and the supervision of hundreds of road and railway bridges across Greece.

Aging infrastructure becomes a national challenge

The project comes at a time when Greece, like many other European countries, faces the challenge of maintaining infrastructure built decades ago. Numerous bridges remain essential to daily transport, freight movement, and regional connectivity. However, aging materials, heavier traffic, extreme weather, and limited maintenance budgets can increase structural pressure over time.

The Smart Bridges program reflects a wider shift in public infrastructure policy: from repairing damage after it appears to identifying risks earlier and acting before issues escalate.

Greece looks beyond bridges with a wider infrastructure safety plan

The Smart Bridges program has also opened up a broader debate about how Greece should monitor and maintain critical public infrastructure in the years ahead. The Technical Chamber of Greece has proposed the establishment of a mandatory National Infrastructure Registry, a centralized database that would record the condition, ownership, and maintenance needs of public assets across the country.

Such a registry would help authorities move away from fragmented records and provide the state with a clearer overview of which structures require inspection, repair, or long-term investment. The chamber has also called for wider pre-earthquake inspections, better integration of structural safety checks into building renovation programs, and more efficient use of Smart Bridges data by ministries, civil protection authorities, regional governments, and municipalities.

Turkey’s Ministry of National Defense has condemned a new defense agreement between Cyprus and France, warning that it could destabilize the Eastern Mediterranean and threaten regional security.

The move came after Cyprus and France signed a Status of Forces Agreement (SOFA), which strengthens defense cooperation between the two countries and allows for the conditional deployment of French military personnel and assets on the island nation.

Following a ministry press briefing, Rear Admiral Zeki Aktürk, Press and Public Relations Advisor and Spokesperson for Turkey’s Ministry of National Defense, said Ankara was closely monitoring what it described as a provocative move that could escalate tensions in the Eastern Mediterranean.

Turkey objected to the agreement by arguing that France has no guarantor role in Cyprus. Ankara also claimed that the deal disregards the will and sovereign equal rights of Turkish Cypriots and seeks to unilaterally alter the delicate balance on the island.

Cyprus and France agreement challenges balance, Turkey claims

According to the Turkish Ministry of National Defense, the agreement signed between France and the Republic of Cyprus is contrary to the 1960 Cyprus Agreements and international law.

Aktürk warned that actions of this kind, which, according to Turkey, lack legitimacy and have not been carefully reviewed, could have dangerous consequences for the southern part of the island. Furthermore, any military alliance in the region that disregards the balance in Cyprus and targets the rights and interests of Turkey and the Turkish Cypriots would not succeed against Turkey, he proclaimed.

“As a guarantor country, we will continue to protect the rights and interests and ensure the security of the Turkish Republic of Northern Cyprus, as we have done in the past and as we do today,” Aktürk maintained. He added that the Turkish Armed Forces have both the power and will to respond to the appropriate degree and in the most efficient way possible to any hostile stance which Ankara believes could pose a threat to the security of Turkish Cypriots.

Millî Savunma Bakanlığı Haftalık Basın Bilgilendirme Toplantısı, Denizkurdu-II Tatbikatı’nın Seçkin Gözlemci Günü dolayısıyla Akdeniz açıklarındaki TCG Anadolu’da gerçekleştirildi.

Millî Savunma Bakanlığı Basın ve Halkla İlişkiler Müşaviri ve Bakanlık Sözcüsü Tuğamiral Zeki… pic.twitter.com/whGFkfYCLD

— T.C. Millî Savunma Bakanlığı (@tcsavunma) June 11, 2026

Cyprus and France sign SOFA in Nicosia

The agreement was signed in Nicosia on Monday by Cypriot Defense Minister Vasilis Palmas and French Defense Minister Catherine Vautrin, who met on the sidelines of the informal meeting of European Union defense ministers, hosted by Cyprus. The SOFA had been discussed during French President Emmanuel Macron’s visit to Nicosia on April 23 and was later negotiated between the two governments.

It provides a legal framework for the presence of French military forces in Cyprus and also allows French military assets to be deployed in the southern part of the island under specific conditions, particularly in support of activities in the Eastern Mediterranean and Middle East.

Agreement expands France-Cyprus defense cooperation

Cypriot President Nikos Christodoulides announced that the agreement has entered into force, reportedly granting France access to military bases and infrastructure in Cyprus.

The deal is also said to include provisions for the sharing of military technology, the conduct of joint exercises, and the establishment of a strategic dialogue framework between Cyprus and France.

WhatsApp founder Jan Koum’s superyacht, Moonrise, has been spotted off Mykonos, drawing attention to the waters around one of Greece’s busiest summer destinations.

The nearly 100-meter (328-ft) vessel belongs to Koum, the Ukrainian-born American billionaire who co-founded WhatsApp. Its presence off Mykonos adds to the island’s long record of attracting large private yachts during the summer season.

Feadship delivered Moonrise superyacht in 2020

Moonrise was built by the Dutch shipyard Feadship and delivered in 2020. The yacht is among the largest vessels produced by the shipbuilder.

At the time of its launch, Feadship said Moonrise was the largest superyacht ever built in the Netherlands by waterline length. The vessel has a gray hull, long horizontal windows, a vertical bow, and a multi-deck exterior design.

WhatsApp founder Jan Koum and the Moonrise superyacht

Koum became one of the most renowned technology entrepreneurs after co-founding WhatsApp. Facebook, now Meta, acquired the messaging app in 2014 in a deal valued at about $19 billion to $22 billion, depending on the calculation.

Koum, now 50, remains among the wealthiest figures in the technology sector, with his fortune estimated at roughly $17 billion. Earlier yacht market estimates placed the value of Moonrise at around $220 million. More recently, Burgess listed the yacht for sale at €325 million ($380 million).

Inside the WhatsApp founder’s superyacht seen off  Mykonos

Moonrise can accommodate up to sixteen guests in eight cabins, while thirty-two crew members handle operations and service on board. The yacht includes a private owner’s deck, movie theater, gym, massage area, hair salon, sundeck, and outdoor guest areas. It also features a beach club, a swimming platform, tenders, water sports equipment, and a helipad.

Feadship designed the superyacht with a focus on reducing noise and vibration. Its engineers worked on the propeller, stabilizers, and anchoring system to limit sound and movement while the yacht operates or remains anchored.

Two MTU engines power the vessel. Moonrise reaches a top speed of 18.5 knots, while specialist yacht listings place its cruising speed at around 16 knots. Moonrise received international recognition in 2021, when it won at the BOAT International World Superyacht Awards in the category Displacement Motor Yachts 3,000GT and Above.

Nuclear powers spent a record of $119 billion on arsenals in 2025, as the world’s nine nuclear-armed states significantly increased their weapons-related expenditure, according to a new report by the International Campaign to Abolish Nuclear Weapons (ICAN).

The figure marks a 19 percent rise from 2024, with nuclear powers spending $17 billion more than the previous year. ICAN warns that the increase reflects a broader trend that is likely to continue for decades. The report covers the United States, Russia, China, the United Kingdom, France, India, Israel, Pakistan, and North Korea.

ICAN warns of a new nuclear arms race

As per the Nobel Peace Prize-winning organization, rising geopolitical tensions are fueling what it describes as a new nuclear arms race. ICAN has also raised concerns over the possible role of artificial intelligence in nuclear decision-making, warning that AI could accelerate the process leading to the potential use of nuclear weapons.

Susie Snyder, ICAN’s program coordinator and one of the report’s authors, described the figures as deeply troubling. Speaking to Agence France-Presse, she declared it’s deeply terrifying.

US spent more than all other nuclear powers combined

The United States remained the world’s largest nuclear spender in 2025, allocating $69.2 billion to its arsenal. That was $12.4 billion more than in 2024 and more than the combined total spent by the other eight nuclear-armed states. China ranked second, with estimated spending of $13.5 billion. The United Kingdom followed with $12.6 billion, while Russia spent $9.5 billion.

According to ICAN, the nine nuclear-armed countries have spent over $470 billion on their arsenals in the past five years.

Long-term nuclear programs could last beyond 2100

The report reveals that nuclear weapons spending is expected to continue rising as countries modernize and maintain their arsenals over time. ICAN points to spending plans in the United States, the United Kingdom, and France that could necessitate billions of dollars through the end of the century. Other nuclear-armed states are also developing weapons systems designed to remain in service for decades.

In the United States, the planned Sentinel intercontinental ballistic missile program is expected to remain operational beyond 2100. Based on the report, expanded US production of plutonium pits could support nuclear warheads until at least 2120. ICAN estimates that the United States alone is expected to spend nearly $1 trillion on its nuclear arsenal between 2025 and 2034.

Report compares record spending by nuclear powers with global needs

The scale of spending, ICAN says, comes as governments face pressing global challenges, including health care, food security, and humanitarian needs. According to Snyder, the amount spent by nuclear-armed states in 2025 would have been enough to fund the United Nations budget dozens of times over. She added that a single day of nuclear weapons spending could have guaranteed food security for two million people last year.

The report argues that nuclear-armed countries are committing public resources to weapons that, according to Snyder, they “could not use without committing a war crime.” ICAN maintains that the latest figures show that nuclear weapons spending is becoming a long-term strategic priority rather than a short-term response to current global tensions.

Water loss in parts of Greece’s aging water networks exceeds 50 percent, according to a new analysis by EY-Parthenon, highlighting the urgent need for infrastructure upgrades and a new approach to water management.

The report warns that climate pressures, prolonged drought, declining water reserves, and outdated infrastructure are pushing Greece’s water sector to a critical turning point.

Greece’s water networks are now increasingly viewed as core national infrastructure with direct implications for economic stability, environmental protection, and long-term public planning.

A loss of over 50% in some of Greece’s aging water networks

According to EY-Parthenon, the global strategy consulting arm of Ernst & Young (EY), water losses across Greek networks exceed 30 to 40 percent in many cases, while certain areas face losses of over 50 percent. The high losses reflect aging infrastructure, insufficient maintenance, limited monitoring of water flows and consumption data, and the need for more efficient management systems.

The analysis also notes that water reuse remains extremely limited in Greece, at around two percent. At the same time, irrigation accounts for approximately 85 percent of total water consumption. More than 70 percent of irrigation water comes from underground reserves, which highlights the need for more efficient resource use and a more pronounced shift toward circular water management.

Fragmented water sector faces growing pressure in Greece

EY-Parthenon identifies fragmentation as one of the main weaknesses of Greece’s water management sector. The market includes 129 municipal water and sewage companies, more than 450 irrigation organizations, and a broad network of local authorities. This dispersed operating model makes coordination harder, limits economies of scale, and slows modernization projects.

The challenge becomes more urgent as the sector faces increasing demands related to resilience, governance, service quality, and regulatory compliance. Numerous smaller providers remain under financial pressure, as revenue from water bills often does not fully cover operating costs or support major infrastructure investments.

Greece’s water infrastructure needs reach €10 billion

Although the sector faces serious structural problems, EY-Parthenon sees significant room for investment in Greece’s water market. The country’s medium- and long-term infrastructure needs stand at around €10 billion ($11.5 billion). Meanwhile, Greece’s two largest water companies have planned or ongoing investments that exceed €3 billion ($3.46 billion).

These investments focus on network upgrades, expansion, modernization, and efficiency improvements. According to the report, investor confidence in the sector also continues to rise, as shown by the recent market performance of listed companies operating in the water industry.

New rules could reshape Greece’s aging water networks

Changes in Greece’s regulatory framework could further transform the sector. The expanded role of the Regulatory Authority for Waste, Energy and Water (RAAEY), stricter European obligations on wastewater management, and efforts to reduce fragmentation are shifting reform from discussion to implementation.

These changes create opportunities, but they also impose new requirements on water providers. They call for greater transparency, more rigorous reporting obligations, improved accountability, and more reliable long-term planning. EY-Parthenon emphasizes that the sector’s future challenges are not only technical. They also involve financial sustainability, pricing policies, digital transformation, investment priorities, and cooperation between public and private stakeholders.

Loan servicers are freezing interest charges on thousands of restructured household loans in Greece after a Supreme Court ruling raised questions over how debt repayments should be calculated.

Law 3869/2010, commonly known in Greece as the Katseli Law, covers the loans. The crisis-era framework allowed over-indebted individuals to seek court-supervised debt restructuring. Until the Supreme Court clarifies the legal implications of the ruling, affected borrowers will continue solely paying down the principal with no additional interest charges.

The decision has triggered concern across Greece’s financial sector because it challenges the traditional method for calculating interest on regulated debts. Loan servicers are now reviewing the ruling and plan to seek formal clarification from the Supreme Court before applying a final methodology.

Supreme Court ruling changes interest calculation

Supreme Court Plenary Decision 6/2026 sits at the center of the issue. The court found that lenders should calculate interest on debts restructured under Law 3869/2010 based on the monthly installment set by the court rather than on the total outstanding debt balance.

That interpretation marks a significant departure from standard banking practice. In a conventional repayment schedule, lenders calculate interest on the remaining balance of the loan. At the beginning of repayment, interest usually takes up a larger share of the monthly installment. As the borrower gradually repays principal, the interest portion decreases.

The Supreme Court adopted an alternative approach for loans covered by the debt-relief framework. According to the ruling, calculating interest on the monthly installment better serves the original purpose of the law, which aimed to help over-indebted individuals recover financially and return to economic and social activity.

Borrowers will only pay principal for now

Until the Supreme Court clarifies the ruling, loan servicers plan to suspend interest charges on affected loans. This means borrowers whose debts fall under the crisis-era framework will continue making payments, but those payments will reduce principal rather than cover interest.

Legal representatives for borrowers argue that the court’s interpretation could make many of these loans almost interest-free in practice. Under that view, lenders would divide the total regulated debt by the number of installments ordered by the court and then calculate interest only on that fixed monthly amount.

Some financial-sector representatives, however, interpret the decision differently, saying the ruling necessitates further clarification before servicers can apply a reliable calculation method. A senior source from the loan-servicing sector has reportedly said the industry should not adopt any interpretation before the Supreme Court provides additional guidance. Servicers are therefore preparing to submit a formal request for clarification.

Around 300,000 loans could be affected

Market estimates suggest that the affected framework may cover approximately 300,000 loans, with a total value of about €6 billion ($6.9 billion). Greek banks no longer hold most of these loans directly, after transferring, selling, or securitizing them during the cleanup of the country’s banking system.

Early market estimates place the potential cost for creditors at around €1 billion ($1.15 billion), depending on how the authorities and courts ultimately apply the ruling. The final impact will also depend on whether the decision guides only future calculations or opens the way for claims over interest already paid. That question remains especially sensitive. The ruling does not clearly settle whether it has retroactive effect, leaving borrowers, servicers, funds, and banks waiting for further legal clarity.

Possible impact on Greece’s loan securitizations

The ruling may also affect recoveries from securitized loan portfolios. Many loans covered by the debt-relief framework entered transactions linked to Greece’s “Hercules” asset-protection scheme, which helped banks reduce non-performing loans through state guarantees.

If collections from affected loans fall sharply, financial-sector sources warn that pressure could increase on certain securitizations. In a worst-case scenario, lower-than-expected recoveries could raise concerns over whether the state may eventually need to honor guarantees under the Hercules program.

For now, the extent of the risk remains uncertain. It will depend on the Supreme Court’s final interpretation, the number of loans directly affected, and whether courts or regulators allow any retroactive adjustment of interest already charged.

Broader concerns over Greece’s interest freeze on restructured loans

Banking sources are also monitoring whether the decision could influence borrowers who utilized other restructuring tools, such as Greece’s out-of-court debt settlement mechanism. If other vulnerable borrowers seek similar treatment, the financial consequences could extend beyond loans regulated under Law 3869/2010.

At this stage, the immediate effect applies only to borrowers whose debts fall under the crisis-era framework. However, the case could become an important reference point in future disputes over household debt, creditor recoveries, and the legal limits of debt-relief protection.

Greece is set to increase the protected bank account threshold from €1,250 ($1,445) to €1,600 ($1,850), allowing debtors an additional €350 ($405) per month to remain shielded from account seizures. The measure, announced in Parliament by Finance Minister Kyriakos Pierrakakis, is expected to go into effect on July 1. It is part of a wider government initiative aimed at easing financial pressure on households and businesses with outstanding debts.

The current exemption limit has remained unchanged since 2014, when it was introduced during the fiscal crisis. Twelve years on, the government says the revision reflects both rising living costs and the need to update Greece’s debt enforcement system. Pierrakakis noted that the new ceiling marks a 28 percent increase, outpacing cumulative inflation over the same period, which he estimated at 20.8 percent.

How the new protected bank account threshold in Greece will work

The protected bank account limit sets the amount of money a debtor can keep accessible in a designated account, even when seizure procedures are in place. Under the new rules, balances of up to €1,600 ($1,850) in a declared protected account will be exempt from seizures related to debts owed to the state. Each individual is allowed to declare one protected account at a single credit institution through the Independent Authority for Public Revenue (AADE).

In practice, if a debtor has €1,500 ($1,735) in their protected account, the entire amount remains untouched. If the balance increases to €1,900 ($2,198), authorities may only seize the €300 ($347) that exceeds the €1,600 ($1,850) threshold. The measure does not cancel debts or suspend enforcement actions. Instead, it raises the amount individuals can hold onto for everyday expenses and essential financial obligations.

Which debtors in Greece will benefit from the new bank account limit?

The change to Greece’s protected bank account threshold is expected to benefit individuals whose accounts are subject to, or at risk of, seizure due to overdue obligations. This includes salaried employees, pensioners, self-employed professionals, and other taxpayers who need greater protection for funds held in their declared accounts.

More than two million people in Greece currently have outstanding debts to the tax authorities. Of these, around 1.7 million have already been affected by enforcement measures such as account seizures, freezes, or other compulsory collection actions.

For those whose monthly income or deposits exceed the existing €1,250 ($1,445) limit, the increase could offer up to €350 ($405) in additional protected funds each month, easing pressure on everyday finances.

Measure tied to Greece’s private debt strategy

The increase in the protected bank account threshold is part of a broader policy package aimed at tackling private debt. The provision is expected to be included in the government’s upcoming bill on illegal gambling, which is currently under public consultation.

Private debt in Greece stands at 94.5% of GDP, below the European Union average of 121.4%. Authorities say the measure is designed to provide additional relief while maintaining enforcement mechanisms for overdue obligations.

The move comes as Greece continues to report stronger banking sector indicators. Non-performing loans in the country’s banking system have declined sharply to 3.3%, down from 48.5% in 2016. At the same time, debt arrangements totaling €6.8 billion ($7.86 billion) have been completed in 2025, reflecting ongoing efforts to restructure and manage outstanding liabilities across households and businesses.

Bank account seizures could be lifted

The same policy package introduces a separate provision for taxpayers whose bank accounts have already been seized. Under the proposed framework, debtors will be able to request the lifting of a seizure if they pay 25% of the principal debt upfront and agree to a repayment plan for the remaining balance. This option would be available once per debtor and is intended to encourage a return to regular repayments.

The new approach effectively replaces the “gradual protected account system” introduced in 2019, which was never implemented in practice. That model envisaged a step-by-step increase in protected funds for debtors who consistently met repayment obligations, but it was ultimately deemed too complex and remained inactive.

Implementation details still pending for Greece’s new bank account limit

The main outstanding issue is how the new €1,600 ($1,850) threshold will be applied to bank accounts that have already been declared as protected.

Authorities are expected to provide further clarification on the implementation process, including whether existing declarations submitted through AADE will be updated automatically or whether taxpayers will need to take additional steps to maintain or adjust their protected account status under the new regulations.

Greece’s Ombudsman, the country’s independent administrative watchdog, received more than 20,000 complaints in a single year for the first time in its history, according to its latest quarterly bulletin, highlighting persistent failures across the country’s public administration.

The Ombudsman reported that the upward trend recorded in 2025 continued during the first four months of 2026 with no sign of slowing down. The figure underscores the strained relationship between citizens, residents, legal entities, and public services in Greece, where bureaucracy remains one of the most persistent sources of public frustration.

The bulletin, which covers January to April 2026, details cases involving social insurance, labor rights, disability certification, digital access to public services, and environmental protection.

Greece’s ombudsman acts on complaints over large family exemption

One notable case involved a large family that lost its exemption from municipal fees after some of its children reached adulthood.

The competent authority had apparently treated the exemption as temporary, although Greek law provides lifetime protection for families with four or more children, a category that carries a specific legal status in Greece. Following the Ombudsman’s intervention, the authority restored the family’s lifetime exemption.

Low-income pensioners asked to repay state errors

The bulletin also refers to the pension agency operating under the legacy structure of the former Agricultural Insurance Organization (OGA), which Greece later absorbed into the unified social security body e-EFKA. The agency attempted to recover money from low-income pensioners in order to correct errors that its own employees had made over several years.

In a separate case, a disabled citizen was expected to go through a prolonged bureaucratic process simply to have a disability assessment issued by the Army’s Supreme Health Committee converted into digital form. The conversion was necessary to obtain Greece’s Digital Disability Card.

Greece’s ombudsman intervenes in labor rights cases

Labor rights also featured prominently in the Ombudsman’s findings. The authority recommended heavy sanctions against a company that unlawfully dismissed a pregnant employee.

It also secured recognition of a 22-day special leave entitlement for two mothers of children with developmental disorders after their public-sector employers had repeatedly refused to grant the leave.

Disabled citizens report conduct of physicians

The bulletin also highlighted a pattern of complaints from disabled citizens regarding the behavior of certain doctors at KEPA, Greece’s disability certification centers, which operate under e-EFKA.

Following the Ombudsman’s intervention, the agency issued instructions for behavioral training and the adoption of a professional code of conduct.

Environmental complaints include noise, flooding, and illegal construction

Environmental issues formed another major area of concern. The Ombudsman criticized the ministries of Health and Development as well as the police over a legislative gap in noise regulation. According to the authority, the gap leaves residents living near open-air concert venues without adequate protection from noise pollution.

In two separate cases, the Ombudsman referred local government inaction to prosecutors. The cases concerned delays in flood prevention projects and the failure to demolish illegal structures in Oropos, in East Attica, and Ikaria, an island in the Eastern Aegean.

In the northwestern region of Thesprotia, the Ombudsman’s intervention also halted the illegal infilling of a stream.

A large algal bloom, also referred to in Greece as the “Red Tide,” has once again turned the waters of the Thermaikos Gulf along the Thessaloniki waterfront a murky brown, raising environmental concerns in Greece’s second-largest city as warmer weather and favorable winds intensify the phenomenon.

In recent days, large sections of the city’s seafront have been covered by a thick, brownish layer of phytoplankton slime. The bloom has produced unpleasant odors and altered the appearance of one of Thessaloniki’s most recognizable public spaces, affecting areas used daily by both residents and visitors.

Brown algal bloom spreads along Thessaloniki’s seafront

Drone footage highlights the scale of the algal bloom, showing brown waters stretching along Thessaloniki’s seafront from the Concert Hall area toward the city’s historic promenade.

According to local reports, rising temperatures and southerly winds have helped drive the algae toward the shoreline. As a result, the material has accumulated along the coast, forming a continuous layer across the water’s surface in several parts of the gulf.

Στον… τάκο ο Θερμαϊκός (γιατί δεν καθαρίζεται μόνος του) #TheOpinion #theopinionews #Θεσσαλονίκη #thessaloniki #θερμαϊκόςhttps://t.co/pMUNNTUPeo

— TheOpinion_News (@TheOpinion_News) June 9, 2026

Scientists point to eutrophication as cause of Thessaloniki waterfront algal bloom

Scientists attribute the phenomenon to eutrophication, a process driven by excessive concentrations of nutrients such as nitrogen and phosphorus entering the marine environment.

In the case of the Thermaikos Gulf, these nutrients can originate from urban wastewater, river runoff and agricultural fertilizers. Combined with higher sea temperatures, this leads to the creation of ideal conditions for the rapid growth of phytoplankton. This, in turn, can result in dense algal blooms that alter the color of the water and generate strong odors as the organic material begins to decompose.

Thermaikos Gulf remains vulnerable

Environmental experts have repeatedly warned that the Thermaikos Gulf is particularly vulnerable to such episodes due to long-standing pressures linked to urban development, agricultural activity, and climate-related factors.

Similar outbreaks have periodically been recorded in recent years, especially during warmer months, making algal blooms a recurring problem for Thessaloniki and the wider coastal area.

Cleanup operations underway as algal bloom spreads across Thessaloniki

The latest bloom follows earlier signs of eutrophication that have been reported in the Thermaikos Gulf since the beginning of the year.

Authorities have continued cleanup and monitoring efforts, including operations by the anti-pollution vessel Alkippi. The vessel has been deployed to assist in the collection of floating organic material and limit the impact of the bloom on coastal areas.

Long-term measures needed

Experts stress that algal blooms are generally natural biological processes, but they can be intensified by human activity and environmental pressures.

Reducing the frequency and severity of such outbreaks will require long-term measures to improve water quality, limit nutrient inflows, and strengthen environmental management across the wider Axios-Thermaikos Basin.

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 Los Angeles Greek Film Festival marked its 20th edition in Hollywood with the Orpheus Awards Ceremony, honoring Greek and Cypriot filmmakers and paying tribute to Oscar-winning composer Alexandre Desplat.

The festival’s Closing Night Film and Orpheus Awards Ceremony took place on May 31 at the Egyptian Theatre, in collaboration with the American Cinematheque. This year’s edition brought together filmmakers, artists, industry professionals, and supporters of Greek cinema for a week of screenings, red carpet events, tributes, and awards. The festival’s virtual film program continues through June 14.

Founded in 2007, LAGFF has grown into one of the most important platforms for Greek and Cypriot cinema outside Greece. Over the past two decades, it has screened more than 800 films, hosted over 700 filmmakers, and reached an audience of more than 50,000.

Alexandre Desplat honored at closing night

One of the evening’s major highlights was the presentation of the Honorary Orpheus Award to Alexandre Desplat, one of the most acclaimed film composers working today.

Desplat, who won Academy Awards for his scores for The Grand Budapest Hotel and The Shape of Water, received the honor for his contribution to contemporary cinema. Filmmaker Malcolm Washington presented the award during the Closing Night ceremony, while Fay Lellios produced the tribute.

The evening also included a remembrance tribute to George Kolovos of G.P. Kolovos & Associates, a longtime benefactor of the Los Angeles Greek Film Festival.

“The 20th celebratory edition of LAGFF left indelible memories,” said Aristotle Katopodis, Artistic and Festival Director of LAGFF. “Feting Alexandre Desplat, remembering Dean Tavoularis, and paying respects to our 20-year-long benefactors, the Kolovos family, are images deeply etched in our hearts and souls.”

Katopodis also congratulated the filmmakers whose work was celebrated this year and thanked the festival’s supporters, sponsors, and team for championing Greek cinema.

Hold onto me wins best feature film

The Closing Night Film, Hold Onto Me, directed by Myrsini Aristidou, won the Orpheus Award for Best Feature Film.

The film, which previously won the World Cinema Audience Award at Sundance, was one of the leading titles of this year’s festival. Following the screening, actor Michael Grant hosted a Q&A with Aristidou.

KNX Radio’s Vivianne Linou hosted the Orpheus Awards Ceremony.

2026 orpheus awards winners announced by the Los Angeles Greek film festival

In the animation category, Dream by Semiramis Mamata won the Orpheus Award for Best Animation Film. The Special Jury Award for Animation Film went to Poppy Flowers by Evridiki Papaiakovou.

The Orpheus Award for Best Short Film went to Prelude to a Supernova by Christos Artemiou, while the Special Jury Award for Short Film went to Gekas by Dimitris Moutsiakas.

In the feature film categories, Hold Onto Me by Myrsini Aristidou won Best Feature Film. Krysianna Papadakis and Stergios Dinopoulos received the Orpheus Award for Best Director for Bearcave, while Amerissa Basta received the Special Jury Award for Best Director for Life in a Beat.

The Orpheus Award for Best Performance went to Denise Fraga for Dreaming of Lions. Niovi Charalampous received the Special Jury Award for Best Performance for Smaragda – I Got Thick Skin and I Can’t Jump, while Vangelis Mourikis earned an honorable mention for Patty Is Such a Girly Name.

Audience awards and social justice honors

The Audience Award for Feature Film went to Best Friends Forever by Konstantinos Mousoulis. The Audience Award for Short Film went to The Smoker by Alexa Economacos.

The festival also presented its Social Justice Awards in partnership with Loyola Marymount University’s Bellarmine College of Liberal Arts, Department of Classics and Archaeology.

The Social Justice Award for Short Film went to The Wolves Return by Stelios Moraitidis, while the Social Justice Award for Feature Film went to Maysoon by Nancy Biniadaki.

Award presenters included animator Aliki Theofilopoulos, actor and author Patricia Kara, music composer George Kallis, and film distributor Bill Vergos.

The jury panel included Leo Behrens, Nora Bernard, Karen Cifarelli, Cheng Guo, Harrison James, Chieh-Chih Liao, Eric Nazarian, and Irene Soriano Saxon.

Los Angeles Greek film festival celebrates orpheus awards at the Egyptian theatre

This year’s Closing Night continued LAGFF’s collaboration with the Egyptian Theatre, Netflix, and the American Cinematheque.

The Egyptian Theatre, one of Hollywood’s most historic movie palaces, opened in 1922 and helped shape the early history of film premieres in Los Angeles. Restored through a partnership between Netflix and the American Cinematheque, the venue now combines its historic character with modern projection capabilities.

For LAGFF, the setting offered a symbolic backdrop for a festival that has spent two decades connecting Greek and Cypriot cinema with the wider Los Angeles film community.

More than seven in ten property purchases in Greece in 2025 involved residential homes, with three-quarters of those sales concerning buildings over twenty years old, underscoring the country’s persistent shortage of new housing. The figures point to a structural imbalance in the Greek real estate market in which limited construction in recent years has failed to keep pace with demand.

As a result, buyers continue to turn to older properties, particularly in the country’s largest urban centers. Residential properties accounted for 74.8 percent of all property sales in 2025. Plots of land followed at 14.3 percent, agricultural land at 5.8 percent, and commercial properties at 5.1 percent.

The data comes from REMAX Greece, a real estate network, and is based on thousands of completed transactions recorded through its ninety offices and more than 1,200 agents nationwide.

Three-quarters of homes sold were over 20 years old

Homes more than twenty years old represented 75.6 percent of residential property sales across Greece. Newly-built homes, defined as properties up to five years old, accounted for just 12.3 percent of sales.

Properties aged six to ten years represented only 0.3 percent of transactions, while homes aged 11 to 15 years accounted for 2 percent. Properties aged 16 to 20 years made up 9.8 percent of residential sales.

The dominance of older housing reflects the limited availability of newer homes in the Greek market. Where newly built properties are available, however, they remain highly attractive to buyers because they offer modern energy efficiency standards and better meet contemporary living needs.

Athens reflects national trend

In Attica (Greater Athens), residential properties accounted for 85.3 percent of sales. Commercial properties and land plots each represented 7.2 percent.

Older housing stock was even more dominant in the capital region. Homes more than twenty years old made up 86.2 percent of residential sales in Attica, while newly built properties up to five years old represented only 3.3 percent.

Land purchases also gained ground in Attica. Plots and agricultural land combined rose by 1.8 percent year-on-year, indicating growing buyer interest in development opportunities amid the shortage of available modern housing.

Older homes drive Greece’s property market in Thessaloniki

A similar picture emerged in Thessaloniki, where residential properties represented 87.4 percent of total sales. Commercial properties followed at 8.7 percent. As in Athens, older homes dominated the market. Properties more than twenty years old accounted for 87 percent of residential sales in Thessaloniki, while newly-built homes represented just two percent.

The figures underline the depth of Greece’s housing supply challenge. Demand for residential property remains strong, but the limited availability of newly built homes continues to push buyers toward older stock across the country’s largest real estate markets.

Greek drivers display some of the most dangerous road behavior in Europe, with new findings showing that risky habits such as phone use, fatigue, alcohol-related driving, and low seatbelt compliance remain widespread among motorists, especially younger drivers.

According to the 16th Responsible Driving Barometer released by the VINCI Autoroutes Foundation, 66 percent of Greek drivers say they use their phones while driving, 41 percent admit to driving while severely fatigued, and 10 percent say they have driven after consuming alcohol.

Despite these behaviors, 97 percent of Greek drivers describe their own driving in positive terms. The contrast suggests that many motorists underestimate the risks they take behind the wheel, even when those risks are among the leading causes of serious crashes.

The survey, conducted by Ipsos BVA, polled 12,100 people across 11 European countries and highlighted a troubling gap between how Greek drivers see themselves and how they actually behave on the road.

Young drivers raise particular concern

The survey also points to alarming habits among younger drivers in Greece. Among those  aged 16 to 24, 48 percent say they drive without wearing a seatbelt, while 16 percent admit they occasionally drive under the influence of alcohol.

These figures indicate that road safety remains a serious cultural issue, particularly among younger motorists who may be more likely to normalize dangerous behavior such as not wearing a seatbelt, using a phone, or driving after drinking.

Road deaths show scale of Greece’s safety issue

The survey findings come at a time when Greece is also ranked among Europe’s five most dangerous countries for driving, according to data from the European Transport Safety Council.

Greece recorded 62 road deaths per one million residents in 2024, up from 60 per one million in 2023. While the increase may appear insginificant, it points to a wider road safety problem at a time when several other European countries are making progress in reducing traffic fatalities.

In the 2024 rankings, Greece placed fifth among the most dangerous European countries for road users. Serbia topped the list with 78 deaths per one million residents, followed by Romania with 77, Bulgaria with 74, Croatia with 64, and Greece with 62.

Greece has not historically been at the very top of Europe’s road-death rankings, but its current position shows that road safety remains a persistent national challenge. The country’s performance is also concerning because Croatia, which remains just above Greece in the ranking, has shown signs of improvement.

AI cameras reveal Greek drivers’ risky habits in Athens

Recent data from AI-powered traffic cameras in Athens adds further evidence that risky driving behavior remains widespread.

Eight pilot AI traffic cameras installed in the Greater Athens area have already recorded thousands of serious violations. In roughly one month, four of the cameras detected 39,543 major offenses, including running red lights, using a mobile phone while driving, and exceeding speed limits.

The violations were recorded at some of Athens’ busiest locations, including Syntagma Square and Syngrou Avenue. Separate data showed that on Syngrou Avenue alone, more than ten thousand violations related to seatbelt use and mobile phones were recorded between December 25 and January 28, along with more than 1,500 speeding violations.

Albanians have joined a growing wave of protests against a major coastal resort project linked to Jared Kushner’s investment firm, Affinity Partners. The demonstrations began near the proposed development site in Zvernec, close to the protected Vjosa-Narta coastal area, before spreading to the capital, Tirana, where protests continued for several days.

Chanting “cancel the project” and carrying banners reading “Albania is not for sale,” demonstrators demanded that the government block the resort plans. The project includes luxury tourism development on the uninhabited island of Sazan and in the Vjosa-Narta protected landscape, a wetland area near the southern community of Zvernec. The region is known for its biodiversity and is home to flamingos, seals, and sea turtle nesting sites.

Environmental groups, local residents, and civil society activists say the development could cause irreversible damage to one of Albania’s most sensitive coastal ecosystems. They have also raised concerns over transparency, land ownership, and possible corruption.

Albanians protest coastal resort after beach access blocked

The latest wave of demonstrations began after fencing and barbed wire appeared near the proposed development area, blocking access to the beach. Residents and environmental activists gathered in Zvernec, where tensions escalated.

Private security guards reportedly attacked and injured several protesters during the gathering. Following the incident, authorities suspended several police officers and revoked the licenses of two private security companies.

The unrest then moved to Tirana, where protesters rallied outside government buildings, including the office of Prime Minister Edi Rama. Demonstrators used inflatable flamingos as a symbol of the protected wetland and held signs reading “Nation is not for sale” and “I don’t want Albania like Dubai.”

Anti-corruption prosecutors open inquiry

The protests intensified after Albania’s Special Prosecutor’s Office against Corruption and Organized Crime (SPAK) opened an inquiry into issues surrounding land titles, sales to investors, and changes affecting the protected status of the area. It has not been confirmed whether the land surrounded by barbed wire has been purchased by Affinity Partners.

Kushner first presented plans for development projects in Albania two years ago. According to those plans, Sazan, a former secret communist-era military base, would be transformed into a luxury tourist destination. The development has been estimated at around €1.4-1.6 billion ($1.62-1.86 billion). Luxury hotels were also planned for Zvernec, near the Vjosa-Narta protected area.

Environmental groups warn of serious damage

In January, around forty environmental organizations called for the suspension of the resort plans, warning that the project could threaten biodiversity in a coastal zone of major ecological significance. “We want all construction to halt and heavy machines out of the protected area,” said Joni Vorpsi, an ecologist with PPNEA-BirdLife Albania. “This would be a new city with around 10,000 rooms and it will completely destroy that wild region.”

Environmentalists argue that the scale of the project is incompatible with the protected status of the area. They say the development could disrupt bird migration routes, damage habitats, and permanently alter a largely undeveloped stretch of coastline.

Albanians protest as Rama rejects calls to halt coastal resort project

Prime Minister Edi Rama invited protesters to choose a delegation of about twenty people to discuss possible solutions, but the protesters rejected the proposal. Rama has publicly defended the investment, arguing that Albania must remain open and fair toward foreign investors.

“It is very important that we remain welcoming, that we remain fair, and that under no circumstances do we receive the stigma of being a country where investors are met with hostility,” Rama said in a statement shared with Reuters. “There is absolutely no chance that the investment will stop as long as I am here.” His comments have further angered opponents of the project, who say the issue is not hostility toward investment but the protection of public land, natural heritage, and the rule of law.

A section of an ancient wall in Veria, northern Greece, collapsed into the backyard of a private home, raising safety concerns for residents and triggering a dispute between local authorities over who must remove the fallen stones.

The incident occurred near the Archaeological Museum of Veria, in Central Macedonia, where parts of the city’s historic fortifications still stand close to residential properties. Large stones from the wall fell into the yard, where children reportedly play, leaving the family worried about further collapses, especially during heavy rainfall.

Residents say the problem has not only created a physical hazard but has also exposed a familiar challenge in Greece: the difficulty of managing ancient heritage when it intersects with everyday life.

Homeowner caught between heritage rules and safety risks

The homeowner told local broadcaster MEGA that he has become caught in a bureaucratic dispute between the Ephorate of Antiquities and the Municipality of Veria.

The homeowner said the Ephorate of Antiquities treats the wall as a monument under its authority, while the municipality argues the fallen stones are now debris on private property.

However, he says officials told him they do not have enough workers to remove the fallen stones. Meanwhile, the municipality reportedly argues that once the stones landed inside private property, they became rubble and therefore the homeowner’s responsibility.

The homeowner says this leaves him in an impossible position. On the one hand, authorities allegedly told him to arrange the cleanup himself. On the other hand, he says he received instructions not to touch the stones because they form part of an ancient monument and may be needed for future restoration work.

As a result, the family fears that moving the material could expose them to accusations of mishandling antiquities. For now, residents say the authorities have placed two containers at the site, but they have not delivered a permanent solution.

Βέροια: Κατέρρευσε τμήμα αρχαίου τείχους στην αυλή του#ingr #news #βεροια pic.twitter.com/qL3s3A4AZY

— in.gr/news (@in_gr) June 4, 2026

Ancient stones, modern bureaucracy

The collapse has sparked frustration in Veria because it highlights the tension between heritage protection and public safety. Greece’s archaeological landscape often overlaps with homes, roads, and modern infrastructure, especially in cities with continuous habitation from antiquity to the present day.

Veria is one such city. Located in Central Macedonia, it has deep historical roots and played an important role in ancient, Roman, Byzantine, and Ottoman periods. According to the Ephorate of Antiquities of Imathia, evidence suggests that Veria acquired a city wall and a basic urban plan around the second half of the 4th century BC.

That historical depth gives the city much of its cultural value. However, it also creates practical responsibilities. When ancient remains stand beside private homes, any damage or deterioration can quickly turn into a matter of both archaeology and civil protection.

Residents in Veria, Greece urge action after ancient wall collapse

Residents have urged the competent authorities to intervene quickly, warning that more sections of the wall could collapse. Their main concern remains the safety of children and families who live next to the site.

The case now raises broader questions about how local and national authorities should coordinate when protected monuments create risks in residential areas. While the stones may hold archaeological value, residents argue that the authorities must act before the situation causes an injury.

Brussels has placed Greece’s tax system back under scrutiny, highlighting tax exemptions, the VAT gap and diesel policy in the European Commission’s latest review of the country.

The review does not introduce binding measures and does not amount to a formal directive. However, it shows where the Commission sees structural weaknesses in Greece’s tax framework and where future policy changes could be considered.

While the Commission acknowledges Greece’s strong fiscal performance, it also points to areas that continue to affect public revenue, tax fairness and the country’s green transition. These include the large number of tax exemptions, the structure of energy taxation, the favorable treatment of diesel compared with gasoline and electricity, and the environmental pressure created by Greece’s aging vehicle fleet.

Greece’s tax expenditures cost €22.88 billion

A central issue in the Commission’s assessment is the scale of Greece’s tax expenditures. These include exemptions, reductions and special tax treatments that reduce state revenue.

According to the review, Greece had 1,236 tax expenditures in 2024, with an estimated fiscal cost of €22.88 billion ($26,5 billion). The most important categories include exemptions for first homes, rental-related tax benefits, personal income tax, corporate taxation, reduced VAT rates and excise duties.

The Commission notes that Greece does not have an official mechanism to regularly evaluate whether these tax benefits are effective. By comparing both their number and cost with other EU countries, Brussels suggests that Greece could benefit from a more systematic review and rationalization of its tax exemptions.

VAT gap remains a persistent weakness

VAT is another major area highlighted in the review. Although Greece has improved tax compliance, the Commission stresses that exemptions and reduced rates continue to weigh on revenue collection.

The VAT gap reached €9.4 billion in 2023, equal to 18.3 percent of potential VAT revenue. The Commission recognizes that the compliance gap has narrowed significantly, but it says progress has not been even across the economy.

The review points to exemptions that complicate the functioning of the VAT system, including those related to private education and financial services. It does not propose an immediate specific measure, but its wording leaves open the possibility of future restructuring.

Self-employed workers remain under scrutiny

The Commission also refers to persistent tax evasion in personal income tax, especially among self-employed workers and sectors where cash transactions remain common.

The issue is particularly visible in technical trades and services provided outside fixed business premises, where payments may be made directly and with limited electronic recording.

Although the Commission does not explicitly recommend a new measure in this area, its assessment suggests that existing tools aimed at addressing underreported income among freelancers and self-employed professionals are unlikely to be withdrawn soon.

Brussels review says Greece’s energy taxation sends mixed signals

Energy taxation receives some of the sharpest comments in the review. The Commission says Greece remains heavily dependent on fossil fuels, while electricity prices are higher than the EU average, partly because of the country’s reliance on natural gas.

The review argues that Greece’s current energy tax structure continues to favor fossil fuels over electricity, sending mixed price signals at a time when the EU is pushing for faster decarbonization.

Diesel is central to this concern. The Commission views the lower tax burden on diesel as a distortion, especially because diesel remains a key fuel for production and road transport in Greece.

The issue is politically sensitive. During the energy crisis, the Greek government supported diesel prices, with the impact estimated at an additional 15 to 20 cents per liter, in an effort to prevent further price increases. At the same time, public debate in Greece continues to include demands for deeper fuel tax cuts.

Diesel policy comes into focus

The Commission takes a clear position on diesel compared with gasoline and electricity. It notes that excise duties on diesel remain particularly low compared with gasoline, even though diesel is considered more harmful to the environment.

This does not mean that a diesel tax increase has been announced. The remarks form part of a broader review and recommendation process. Still, they indicate the direction of EU policy as the green transition becomes more central to national fiscal planning.

Over the next five years, the EU’s green transition agenda is expected to push member states toward measures such as higher excise duties on diesel, closer alignment between diesel and gasoline taxation, and vehicle taxes more closely linked to emissions.

Other possible policy tools include incentives for electric vehicles, purchase subsidies, tax deductions and changes to registration taxes designed to favor cleaner cars.

Greece’s aging vehicle fleet draws attention in Brussels review

Vehicles are also part of the Commission’s assessment. The review notes that Greece has one of the oldest vehicle fleets in Europe, a factor that contributes to higher emissions and increases the need for policy intervention.

For Brussels, the issue is not only fiscal. Tax policy is also seen as a tool for influencing consumer behavior, encouraging the replacement of older vehicles and supporting the transition to cleaner transport.

The review therefore opens a wider debate over how Greece should balance fiscal stability, household costs, business needs and EU climate goals.

For now, no binding measures have been imposed. But the Commission’s review makes clear that Greece’s tax exemptions, VAT gap and diesel policy are likely to remain under European scrutiny.