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Greek News

Greece Wins Over Hungary to Secure Its First Win in 13 Games

The Greek Men's Soccer Team concluded a dismal 2016 EURO qualifying tournament on a positive note with a 4-3 victory over Hungary. The Greeks, who were unable to secure a victory in the previous nine qualifying games having scored just three goals,...

Eurogroup President: Eurozone is Exiting Crisis

The Eurozone is on the road to recovery, according to Eurogroup President Jeroen Dijsselbloem. The Dutch Finance Minister gave an extensive interview with CNBC while attending the International Monetary Fund's summit in Lima, Peru, in which he claimed the Eurozone is...

Greece and UNHCR Express Solidarity in Migrant Crisis

Prime Minister Alexis Tsipras and United Nations High Commissioner for Refugees Antonio Guterres expressed the importance of collaboration with each other in dealing with the migrant crisis in a meeting on Monday. Tsipras received Guterres at the Maximos Mansion. The UNHCR...

Greek Private Sector Loses 19% of its Workforce in 5 Years

The Greek private sector suffered a heavy blow in the last five years (2009-2014), according to new research conducted by Grant Thomson firm. In these five years the Greek private sector lost 19% of its workforce, thereby increasing unemployment...

Omnibus Bill of Bailout Prior Actions Tabled in Greek Parliament

The Greek government is to table in parliament on Monday an omnibus bill containing bailout required prior actions in order to pass the first review and receive a 2-billion-euro loan tranche. The voting of the bill will take place on...

The Most Expensive Yacht in the World Arrives in Mykonos

Possibly the most expensive yacht in the world has arrived and set anchor near Mykonos’ most popular beach, Psarrou, Greece last Wednesday October 7. The luxurious boat which belongs to Russian businessman Andrey Melnichenko is the most expensive yacht that...

IMF Assures Greece of its Support to Reform Program

International Monetary Fund Managing Director Christine Lagarde assured Greek Finance Minister Euclid Tsakalotos that the fund is ready to work with Greece to promote the country’s reform program. The meeting took place on the sidelines of the World Bank-IMF summit...

PPC Management Meets Greek MEPs on Free CO2 Emission Certificates

Public Power Corporation's (PPC) management expressed the company's demand for free emission certificates of carbon dioxide to Greece as of 2016 at a meeting with Greek MEPs who were also briefed on the company's positions regarding the liberalization of...

Municipalities Demand Retroactive Fees from El. Venizelos Airport

The municipalities of Rafina - Pikermi, Markopoulo-Spata and Artemida appealed to the Council of State asking for the international airport Eleftherios Venizelos to pay retroactively from 2008 municipal fees and taxes. They argue that the tax exemption provided essentially by...

4.5 Richter Earthquake Shakes Greek Island of Crete

An earthquake measuring 4.5 on the Richter scale was recorded at 5:16 am in the marine area south-southeast of Lasithi in Crete, noted the National Observatories' Athens Institute of Geodynamics. The tremor’s epicenter was detected 64 kilometers south-southeast of Zakros...

Greece is ‘Partner Country’ of ANUGA Food Trade Show in Cologne

"It is in all of our interests that the economic potential of Greece finds its way back on track to a better future," the German Minister of Agriculture, Christian Schmidt, said on Saturday in his opening speech at the...

Greek Migration Min: EU Refugee Relocation Program Undermined by Racism

Greece's Migration Minister Yiannis Mouzalas said that the European Union program for refugee relocation is hindered by some countries that show signs of racism. Mouzalas told Reuters that the EU must not cater to countries that want to pick and...

One in Two Doctors Wants to Leave Greece

One in two doctors in Greece considers that working conditions are bad, while bullying, demeaning remarks and gender discrimination are frequent in Greek hospitals. The bullying and discrimination in the ​​healthcare sector in Greece is considerable, according to a study...

Desperate for Funds; Greek Government Promotes Plastic Money Initiatives

Deputy head of the Greek tax collector's union Tryfon Alexiadis confirmed the Finance Ministry’s intention to extend the use of plastic money. The Ministry will implement various incentives via mandate or voluntarily, aiming to reduce tax evasion. The new...

Greek Prime Minister Alexis Tsipras to Reorganize SYRIZA

Greek Prime Minister Alexis Tsipras is planning on substantially reorganizing SYRIZA, in order to help the party fulfill its role in the new political landscape that emerged after the elections of January and September, 2015. He announced his intention...