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Greek News

Greek PMI Plunged to 39.1 Points in August‏

Greece's Purchasing Managers' Index (PMI) fell to 39.1 points in August, one of the lowest levels ever recorded, reflecting a sharp deterioration of business conditions in the country's manufacturing sector. The lack of new orders and further sharp decline in production...

Overseas Cypriots Committed to Continue the Struggle in Support of Cyprus

The leaders of organizations of Cypriots overseas have pledged to return to their countries and continue the struggle in support of Cyprus. At the completion of the 18th International Conference of Overseas Cypriots (POMAK-PSEKA) and the Conference of the Executive Council...

Greek Islands to Hold Referendum on Privatization of Four Airports

Residents of Greece's Ionian islands will be called to vote in a referendum, following a proposal by Provincial Governor Theodoros Galiatsatos on August 29. The referendum question will be about the Greek government's decision to continue with the country's airport...

Greek Main Opposition Leader: 'No Room for Protest During the Election'

Greek main opposition New Democracy leader Evangelos Meimarakis underlined on Tuesday that there is no room for protest during the upcoming election. In an interview to Greek television, he called on Greeks to get informed and vote in the elections so that the country...

UNICEF: One Third of Refugees in Greece Are Women and Children

UNICEF reported that one third of migrants and refugees arriving in Greece are women and children, noting that their number has tripled in the last three months. The number of women and children who leave their countries to escape violence...

Greek PM to Inaugurate National Archaeological Museum Exhibition

A temporary exhibition exploring the city of Athens as seen by European travelers between the 17th and 19th century will be inaugurated at the National Archaeological Museum on September 7 by caretaker Greek Prime Minister Vassiliki Thanou. According to a Culture...

Eurostat: Unemployment in Greece Dropped to 25% in May

Eurostat, the European statistical authority, announced that unemployment in Greece dropped to 25% in May 2015, while in April 2015 it stood at 25.6%. However, it has not yet announced any data regarding June, July or August 2015. According to...

Greek Main Opposition Leader: 'New Democracy Will Unite Greeks'

New Democracy is the party that supports unity among Greeks, its leader Evangelos Meimarakis said in a speech at a closed stadium in the town of Patras, where he is visiting as part of his pre-election campaign. "New Democracy is a political...

23,000 Migrants And Refugees Arrived in Greece Last Week

Frontex announced on Tuesday that based on preliminary data 23,000 seaborne migrants and refugees arrived in Greece last week. Among the most common entry points for the more than 200,000 people that have entered Greece through the seas in 2015 has...

Olympiacos F.C. Brings in Two New Players

Olympiacos F.C. concluded their summer transfer activity with two new roster additions on the transfer deadline day. The Piraeus team signed striker Brown Ideye from the English Premier League side West Bromich Albion F.C. The exact transfer fee for the 26 year old...

Archaeological Restoration of the Amphipolis Tomb a Possibility

Greece’s Central Archaeological Council (KAS) will convene on Tuesday to decide on whether to approve a study for the maintenance and restoration of the Amphipolis tomb. The discovery of the ancient burial monument on the Kasta hill in northern Greece...

Greek Finance Ministry Finally Imposes 23% VAT on Private Schools

Despite announcements about freezing value added tax on private education, Greece's finance ministry decided to impose the 23 percent VAT late on Monday. The 23 percent VAT on private education was legislated on August 14 as part of the measures...

IMF Official: Greek Elections Delay Bailout Tranche, Market Loses €800 Mln

International Monetary Fund official Poul Thomsen said that elections will cost Greece the delay of the next bailout tranche disbursement and deprive the market of 800 million euros in liquidity. Thomsen briefed the IMF board of directors on the Greek...

Greek Elections: SYRIZA Keeps Bleeding as Party Youth Members Withdraw Support

Less than three weeks before Sunday, September 20, and SYRIZA numbers keep dropping in polls. The blows Alexis Tsipras is receiving keep coming from all directions, and they are really strong. On Monday, his speech writer Theodoros Kollias resigned stating...

First Private School to Close in Greece After Imposition of 23% Value Added Tax

The first private school that fell victim to the 23 percent value added tax (VAT) implementation on private education is the Michalopouleion private school established in 1931. The Michalopouleion private school in the Kallipolis neighborhood of Piraeus has endured the...