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Heladeria Americana: The Greek Ice Cream Legend of Colombia

A Greek immigrant brought ice cream to Colombia in the 1930's -- and since then, the business has become the ice cream kings of country.

Inflation in Greece Climbs to 12 Percent in June, Growth Revised Downwards

Inflation in Greece reached 12 percent in the month of June from 10.5 percent in May and 9.1 percent in April, according to data released by Eurostat, the official statistical authority of the European Union announced on Friday. The rate...

Snapchat Launches Paid Version Hoping to Boost Profits

Snap Inc. launched on Wednesday a paid subscription version of the Snapchat app in the US priced at $3.99 dollars per month. It is dubbed Snapchat Plus and includes exclusive features that aren't available to standard users. This brings to market...

Buying Property in Greece Made Easy

Greece's unique mix of natural beauty, history, and culture has established the country as a prime destination for buying property. Whether people search for opportunities to invest, a holiday, or even a permanent home in the sun, Greece may be...

ION Chocolate, Greece’s Iconic Brand, Sold to Cypriot Company

The buyout of one of Greece’s major chocolate and confectionery manufacturers, ION, was approved by the Hellenic Competition Commission (HCC) on Tuesday. ION is being bought by Bespoke SGA Holdings, which is controlled by Cypriot private limited liability company SAG...

Crippling Sanctions Push Russia into Default on Billions in Debt

Russia has defaulted on roughly 37.8 billion euros, or $40 billion—in international debt, the effects of mounting and crippling international sanctions four months into its invasion of Ukraine. Russia had originally faced a May 27th deadline to hand over the...

Athens Apartment Rental Prices Keep Rising for Smaller Units

Rent is on the rise in Athens for smaller apartments in newer buildings, especially in selected suburbs. Some landlords in Maroussi and Elliniko have been charging as much as 37 euros, or $39, a square meter. The rental units that...

Greek State TV Shows How to Steal Gas From Cars, Prompting Criticism

Greek state TV ran a news segment on Wednesday showing viewers how to steal gas from cars, prompting criticism at a time when the nation's average fuel price is now over 2.4 euros ($2.53) per liter. During the morning broadcast...

Athens Soars 19 Places in the Economist Most Livable Cities Index

Athens soared nineteen places in The Economist Intelligence Unit’s latest ranking of the world’s most livable cities, among the biggest upward movers in the annual report. Its climb to number 73 on the list of 172 cities comes a year...

Construction of Hard Rock Casino at Hellinikon in Athens Set to Begin

Hard Rock International and GEK TERNA Group announced their partnership for the construction and operation of an integrated resort and casino at Hellinikon, the former Athens airport, on Wednesday. Hard Rock Hotel & Casino Athens, which is set to open...

Libra Group Makes Strategic Acquisition of US Shipyard

Americraft Marine, a subsidiary of the Libra Group, acquired St. Johns Ship Building, a full-service marine facility specializing in constructing and repairing Jones Act-compliant vessels, according to an announcement by the Group. The ships constructed and repaired at St. Johns...

Bitcoin is Sinking but El Salvador President Tells Investors to “Enjoy Life”

The value of Bitcoin has plummeted but El Salvador President Nayib Bukele said his country's worried investors should still "enjoy life." "Patience," he instructed, "is the key." The words of reassurance came in a tweet late Saturday, shortly after the...

Turkey Plans to Lease Farmlands in Venezuela, Other Countries

In an effort to curb concerns over food security, Turkey plans to lease farmlands in various countries to boost agricultural production, it emerged this week. For years now, Turkish authorities have been exploring such opportunities in ten nations in Africa...

Bitcoin Blues: Cryptocurrency Falls to Near $20K

Bitcoin is biting it. The digital currency continued its downward spiral on Wednesday, dropping to just over $20,000 (around 19,200 euros) in intraday trading. The cryptocurrency cratered from its all-time high just seven months ago when Bitcoin stood at over $57,000...

Envolve Award Greece Highlights Promising Start-Ups for 2022

Envolve Entrepreneurship, the non-profit empowering Greece's start-up ecosystem by providing education, resources, and monetary prizes to entrepreneurs, announced on Wednesday the three winners of the Envolve Award Greece. This is the tenth year of the program, which was created in...