Greek Political and Economic Updates: Key Developments and Challenges

A controversial amendment concerning related parties has sparked debate in Greece, highlighting political tensions over the issue of offshore companies. Meanwhile, another amendment aimed at addressing issues with the New Building Code (NOK) has fallen short of expectations, leaving significant uncertainties unresolved. In economic news, Optima Bank reported robust first-quarter results despite industry-wide challenges, driven by its rapid growth phase. However, inflation remains a concern as price declines have not translated into reduced living costs. The government is also preparing for the arrival of workers from India to address labor shortages, while efforts to manage the housing crisis through public property auctions continue to face delays. Additionally, discussions around energy policy and European fiscal agreements remain pivotal, with Greece signaling cautious optimism about maintaining Russian gas imports. Finally, major infrastructure projects like ‘The Ellinikon Sports Park’ are progressing steadily, promising new opportunities for sports and recreation.