Greek News

Although tourist arrivals this summer hit a record high, revenue from tourism in July and the first months of 2014 remained low due to the reduction of the average expenditure by tourists who have chosen Greece to spend their summer vacation. Data...

On Tuesday, the head of the European Commission's Task Force for Greece, Horst Reichenbach, presented a report on small and medium-sized enterprises, stressing that these were key to the country's economic recovery. “The economy will suffer if SMEs are unable to thrive...

Greece's coalition government may propose a "non-political figure" for president in March to seek consensus and avoid snap elections that could derail its economic progress, Deputy Prime Minister Evangelos Venizelos told Reuters in New York. “Although the Greek president's role...

As the Greek government negotiates with international lenders for a fresh tax relief program, a new international survey argues that Greece has just opened up a fresh “financial wound” by raising corporate tax rates. Other debt-ridden countries – Portugal, for...

The newly discovered caryatids at the Amphipolis tomb and the symbolism of a lion suits the case of Olympias being buried in this fascinating ancient Greek tomb.

When I was in high school, I had a math teacher who responded the same way every time my father inquired about my progress: He would open a small notebook, leaf through it, appear pensive and say, "He's a good student, he...

The hauling of the wreck of the Yusuf Cepnioglou has been successfully completed after coordinated efforts by the Greek authorities. On March 7, 2014, the Turkish container ship ran aground due to bad weather on the rocky northern coast of the island of...

The Greek Police has disrupted a recent attempt to sell at least one infant in the city of Trikala in northern Greece. Posing as a childless couple seeking to proceed with the illegal adoption, two Greek police officers have...

Angela Merkel's praise for Greece's economic reform is capturing German headlines in the wake of Prime Minister Antonis Samaras's recent visit to Berlin. "Greece is determined to recover," reads the daily Spiegel, which noted that Samaras informed Merkel that no new aid...

According to a recent "Economic Barometer" report, 55% of Greeks are unable to meet their tax and social insurance obligations. "It is obvious that Greek society has reached its limits, as more than 50% of citizens are unable to meet...

The number of Greeks entering billionaire-status is on the climb, a study finds, despite the growing impoverishment of the country's masses. According to an annual report published by the WEALTH- X Agency, compiled with the assistance of UBS Swiss Bank, there are currently...

The Greek organization "Omonoia" has accused Albania's left-wing governing coalition of "non-respect of the pre-election and post-election agreements and continuous violation of human rights and demands of Greek National Minority in the fields of administrative reform, education, ownership and equal...

The 2014 Athens Flying Week airshow will be held for the third consecutive year in Athens, Greece, from September 25 to 28 in the areas of Faliro and Tatoi. The AFW events started on Monday, September 22, with the "Aviation Development...

New Democracy Parliament spokesman Adonis Georgiadis, speaking on the morning show of Greek TV channel "Mega" on Tuesday, stated that "If SYRIZA nationalizes the Hellenic Financial Stability Fund (HFSF), the banks will shut down." Georgiadis came into conflict with SYRIZA MP Giorgos Varemenos who was...

German Chancellor Angela Merkel, in a joint press conference with Greek Prime Minister Antonis Samaras earlier today, expressed her content with the progress achieved in Greece's recovery program. Although the Greek Premier went to Berlin with a specific agenda, no...