GREECE Trends and Developments Contributed by: Claire Pavlou, Katerina Tzamalouka and Angeliki Papadaki, Kyriakides Georgopoulos Law Firm
the law raised the minimum representation threshold for the under-represented sex to 33% on the boards of listed non-SME companies, and – for the first time – extended the application of gender balance require - ments to certain categories of non-listed companies (ie, companies bidding for public procurement or concession contracts). These developments reflect Greece’s alignment with the broader EU agenda on corporate diversity and signal that governance stand - ards will continue to be shaped by European policy priorities in the years ahead. Law 5255/2025, enacted in November 2025, estab - lished the Independent Authority for Market Control and Consumer Protection, consolidating the market surveillance, consumer protection, and dispute reso - lution functions previously dispersed across several public authorities and administrative bodies into a single, unified regulatory entity. The consolidation is intended to improve regulatory coherence and enforcement effectiveness; businesses will need to familiarise themselves with the new authority’s juris - diction, procedures, and enforcement posture as it becomes fully operational. Corporate formation and ongoing compliance have also been modernised. Full automation of the inter - connection between the General Commercial Registry (GEMI) and the Independent Authority for Public Rev - enue (AADE) became operational in 2026, enhancing transparency and tax compliance across corporate registrations and ongoing reporting obligations. Administrative penalties for GEMI non-compliance are now being enforced for the first time under Joint Ministerial Decision 46982/2025, which activated the administrative sanctions under Article 50 of Law 4919/2022 for breaches of corporate publicity require - ments. Businesses that have not maintained up-to- date GEMI filings or have failed to meet statutory deadlines face a materially increased risk of adminis - trative sanctions, and a proactive review of corporate records is strongly advisable for all entities operating in Greece. In the employment sphere, Law 5239/2025 – re “Fair Work for All” – introduced a suite of digitalisation meas - ures, including the “Fast Track Hiring” mechanism for
expedited employment registrations and mandatory work-time monitoring through the ERGANI II digital platform. These measures bring greater transparency and accountability to employment relationships and provide a more auditable record of workforce man - agement. Companies should ensure that their human resources, payroll, and operational processes are ful - ly aligned with the new digital requirements to avoid administrative penalties and to be well-positioned in the event of employment disputes. Sustainability, Cybersecurity, Digital Regulation and Taxation: Navigating an Expanding Regulatory Landscape Sustainability The regulatory agenda in Greece in 2026 extends well beyond corporate and transactional law. Three interconnected regulatory frameworks – sustainability reporting, cybersecurity, and digital finance – are plac - ing growing and convergent compliance demands on businesses operating across virtually all sectors, and their combined effect represents one of the most sub - stantial increases in regulatory complexity that Greek companies have faced in recent years. On sustainability, Law 5164/2024 implemented the EU Corporate Sustainability Reporting Directive (CSRD) into Greek law, imposing mandatory sustainability reporting obligations on in-scope companies. How - ever, the EU’s 2025 “stop-the-clock” directive – which introduced a delay to the application timeline for cer - tain categories of companies – has created planning uncertainty, as businesses must now carefully assess whether, and when, their own obligations are trig - gered. Despite this uncertainty, companies would be prudent to proceed with readiness assessments and internal data collection exercises rather than await - ing formal clarification: the underlying obligations are not in question, and early preparation will reduce both compliance risk and the operational disruption asso - ciated with a compressed implementation timeline when obligations do crystallise. More broadly, Greece has placed particular empha - sis on the implementation of the UN 2030 Agenda for Sustainable Development and its 17 Sustainable Development Goals, reflecting a wider institutional commitment to embedding sustainability considera -
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