Natural and legal persons with debts exceeding even one billion euros appear in the updated lists published by the Independent Authority for Public Revenue (AADE), as part of transparency efforts and pressure for compliance. According to AADE, these are outstanding obligations exceeding €150,000 that remain outside active settlement arrangements and have become overdue, with many names reappearing year after year.
At the top of the list of natural persons is ‘Kosta Chris,’ with a total debt surpassing €1.1 billion—mostly owed to customs authorities and the state. He is followed by Apostolides Pnay Dim., with approximately €1.08 billion in debt. The top ten also includes names such as Ioannou Ioannis, Anthemidis Giorgos, and Papakoulas Christos, whose liabilities range between €300 million and €800 million. These are mostly long-standing unpaid debts, often inflated with high surcharges, accumulated over years and left unaddressed.
The situation among legal entities is even more staggering. Leading the list of corporate debtors is the well-known Akropolis Chrimatistiki A.E.P.E.U., which reportedly owes more than €14 billion. The company made headlines in the early 2000s over the structured bonds scandal, which hurt pension funds and sparked political turmoil. It has remained under liquidation ever since. Close behind is the historic but now inactive Olympic Airlines, with debts nearing €2.4 billion. Other companies in the top ten include Carrera Mobile, Constantino Communication, and major firms from the construction, leasing, and industrial sectors.
In total, more than 17,800 individuals and businesses are listed, with overdue debts exceeding €75 billion. As noted by sources within the Ministry of Finance, the vast majority of these amounts are considered unrecoverable, originating either from bankrupt companies or individuals with no recent economic activity. Nevertheless, the annual publication of these lists continues, both for transparency purposes and as a tool of moral pressure on strategic defaulters who, despite possessing assets or ongoing business operations, continue to neglect their obligations.