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Greek News

Greek Rail Strike from Friday July 8 Until Tuesday July 12

Rail services in Greece will be suspended from Friday July 8 until next Tuesday July 12 due to strike action by TRAINOSE workers. The strike will affect trains throughout Greece, including the Proastiakos service that runs to Athens airport....

Greek Television License Law Will Not Be Rescinded Despite EC Concerns

State Minister Nikos Pappas said that the government's shakeup of television licenses is the correct route to follow in response to a question in Greek Parliament by socialist PASOK MP Andreas Loverdos. In his question, addressing concerns expressed by...

Government Uploads List of Companies and People With Overdue Debts

The name of 13,730 big government debtors were published on the internet, however many of the names of companies on the list have either been sold off, closed down or wiped off their debts.The same list had been publicized...

WSJ: Tsipras Doesn't Believe Greece Will Reach Budget Targets After 2018

  Prime Minister Alexis Tsipras said that Greece won't be able to achieve its primary surplus budget target when the current bailout program expires in 2018, reports the Wall Street Journal. "We guarantee that we are going to reach the...

Constitutional Review on Electoral Law Changes to Begin

A high-ranking official of the government confirmed that discussion on constitutional review will take place. Debate will take place on the cancellation of a 50-seat bonus to the winning party in elections, without however, at this stage, securing the...

Restoration to Begin at Maronite Church of Agia Marina

The Technical Committee on Cultural Heritage have announced that restoration works to the order of €136,500 on the Maronite Church of Agia Marina are ready to begin. The contracts were signed by UNDP recently and the construction site has been...

Unemployment in Greece Drops to 23.3% in April

Unemployment in Greece stood at 23.3% in April, exactly two percentage points down from the April 2015 figure, according to ELSTAT figures released on Thursday. The Greek statistical authority data also shows that unemployment also dropped compared to last month,...

Scientists Use Mass Spectrometry to Analyze an Ancient Greek Amphora

An article published in the Journal of Mass Spectrometry focuses on research by Russian scientists into an analysis of an ancient vase. By identifying the components of the oldest bitumen (petroleum found in natural deposits) sample they have made...

Turkish-Occupied City's Mayor: Morphou Is Not a Bargaining Chip

Morphou "is not and will never become a bargaining chip," says the Mayor of the Turkish-occupied city, Charalambos Pittas, in reply to statements from the Turkish-Cypriot side. Hüseyin Özgürgün, the self-styled "prime minister" of the illegal regime on the island's Turkish-occupied...

ECB Lowers Cap on Emergency Funding for Greek Banks by 2.5 Billion Euros

The European Central Bank (ECB) lowered the cap on emergency liquidity assistance (ELA) Greek banks draw from the domestic central bank by 2.5 billion euros to 58.6 billion euros, the Bank of Greece (BoG) said on Thursday. The move reflected...

Archaeological Museum of Corinth to Reopen 2 Refurbished Halls

The Archaeological Museum of Ancient Corinth will reopen two of its halls which had been closed for refurbishment since 2012, the culture ministry announced on Wednesday, adding Minister Aristidis Baltas will inaugurate the rooms in a ceremony on July...

The 19th Agrotourism Festival in Epidaurus During July

The 19th Agrotourism Festival of Epidaurus is held every Friday, Saturday and Sunday of July at the Old Epidaurus harbor and is organized by the Municipality of Epidaurus and the Peloponnese region. The festival is based on a sustainable and...

IOBE Forecasts Greece GDP Recession at 1% for 2016

On Wednesday the Foundation for Economic and Industrial Research (IOBE) released a gloomy report, predicting that Greece will suffer a contraction of 1 percent of its gross domestic product in 2016, according to ekathimerini.com. The IOBE stressed that Greece must...

Italian Company Sole Bidder for Greece's Railway Operator

Italy's state-owned company Ferrovie dello Stato Italiane S.p.A was the only bidder for the privatization of Greek railways operator TRAINOSE, according to HRADF. Hellenic Republic Assets Development Fund, Greece's privatization fund, announced in a statement on Wednesday: "The procedure for the submission...

Greece Qualifies for Semis in Olympic Hoop Qualifying Tournaments

The results are in and so far Greece has pushed forward in the Olympic Qualifying Tournaments for men's basketball. The team, along with Canada and Serbia clinched semifinal berths on Wednesday. In the tournament in Turnin, Italy, Greece beat Mexico 86-70...