Greek News

  Old apartments in Athens are sold at lower prices than their fair market value. In fact, they are sold even 70 percent lower than their fair market value. This is happening due to the constantly increasing “gap” between the...

The German magazine Focus published a rather harsh article which states that Greece’s situation is a “hopeless case.” The article continues by saying that Greeks are still living beyond their means, while it also attacks Greek Finance Minister, Yannis...

The doctors and employees of the Greek public hospitals announced that they are going on a 48-hour strike this Wednesday and Thursday. The strike is a reaction to the demands of both troika and the Greek government. In particular,...

Seven immigrants were recovered dead from the sea north of Mytilene, Greece, when their boat capsized while they were on board. It all started on Monday night when two immigrants who were rescued by a ship stated that they were...

Turkish media report that National Bank of Greece, which owns Finansbank in Turkey, has bought one of Istanbul's tallest skyscrapers, the 40-story "Crystal Tower",  for 303 million dollars. The 170-meter Crystal Tower was sold to the National Bank by Koru Property Investments, a subsidiary...

Seven months after they started negotiations on a long series of unresolved reforms, Greece and its international lenders have reportedly reached a draft agreement after more than a week of non-stop talks. The deal came too late to be considered...

The Greek island of Crete has in the past participated in several competitions for the most beautiful beaches in Europe and the world. The latest placements on the best beach lists below, are sure to help attract even more...

The Greeks of Melbourne will be commemorating and celebrating another year of remembrance for Greek Independence Day on March 25, that will be taking place with the standard grand march at the Australian War Memorial on Sunday, March 23. As...

“Summer breeze instead of an economic crisis. Mykonos and Santorini will be once again flooded by tourists this July and August, but anyone wishing to see the quiet side of the Cycladic islands should visit them earlier in the...

The Hellenic Statistical Authority (ELSTAT) conducted research on the use of information and communication technologies by households for 2013. The research revealed that in the first quarter of 2013, 60.4% of Greek citizens between the ages of 16 and 74...

Greece failed to impress in the second European Justice scoreboard of the European Commission, which was presented on Monday. The scoreboard evaluates the efficiency, quality and independence of national judiciaries. In particular, for Greece, the scoreboard shows that the time taken...

The redevelopment project of the former Ellinikon airport by Lamda Development company is expected to create 35,000 new job openings by 2024. These figures are based on a study released on March 17 by the Foundation for Economic and Industrial Research...

The departure of Larissa’s MP Chrysovalantis Alexopoulos from Golden Dawn and his decision to become independent has unleashed a storm of reaction that is a causing ruckus within the outlawed party, since it is expected to create a domino...

A terrible tragedy struck just a few hours ago in Ierapetra, Crete, where according to the Greek police a 54-year-old man killed his father and sister with a shotgun in cold blood before committing suicide. The 54-year-old is a pharmacist...

  Data released Monday shows Greece and Cyprus trailing as eurozone consumer inflation once again slowed to its lowest ever annual pace in February, matching a figure that in November caused an unexpected interest rate cut by the European Central Bank (ECB). Updated Eurostat data showed...