Greek News

Data released by the European Asylum Support Office (EASO) showed that new applications for asylum have increased  by 31% from December 2013 to January 2014 in the European Union and by 21% in Greece. According to the Monthly Trend Analysis...

Cyprus President Nicos Anastasiades reshuffled his cabinet yesterday, replacing three ministers and handing one a different portfolio, at the same time unleashing the wrath of his former junior coalition partner. Three ministers appointed by the Democratic Party DIKO – health,...

Official data released on Thursday shows that unemployment in Greece reached 27.5 % in the fourth quarter of 2013, remaining the highest in the euro zone. Greece, with a population of about 10 million people, has 1.36 million unemployed. Since the outbreak...

Lately, several joint military exercises have been organized between elite units of Greek and American armed forces. The U.S. Army, recognizing the excellence and the abilities of the Greek Army, recently organized a series of various military exercises and simulations...

  The municipality of Athens has dismissed the possibility of demolishing Panathinaikos F.C.’s home ground, Apostolos Nikolaidis, before the new stadium in Votanikos is built. The Athens Municipality official announcement, as released on its website, reads as follows: “It is a positive fact that...

The first shock came after the revision of the predictions concerning the course of Greece’s economic recession during 2013 which stands at 3.9 percent instead of the initial estimation of 3.7 percent. However, this figure is still smaller than...

Five new royal tombs have come to light during excavations at the royal necropolis of Aegae, in Northern Greece. The Temenid burial cluster was found in one corner of the Aegae cemetery. Although looted and partially destroyed, the monuments are impressive...

Today, the European Parliament plenary passed an amendment tabled by German MEP Jorgo Chatzimarkakis that calls on the Yargitay Supreme Court in Turkey to revoke its decision to operate the historic church of Hagia Sophia in Trabzon as a mosque. Furthermore, the European Parliament...

Northern European pensioners are creating an entire village in Northern Greece, in which young unemployed from Greece, Spain, Portugal and Italy will have the opportunity to live and work. The village is an idea of the ProWork initiative. The ProWork...

The Libra Group has announced that it is the principal investor in 50% of COCO-MAT and has formed a joint venture with the leading Greek manufacturer of specialist mattresses, other natural sleep products and furnishings. Partnering with the Libra...

Prime Minister Antonis Samaras has reportedly rejected Troika demands he not return most of a coming primary surplus to low-income pensioners, the police and military and said the government will also refuse to give supermarkets the right to sell...

At least seven people have been killed after a massive explosion leveled two apartment buildings in New York City's East Harlem, among the latest victims is Greek musician Andreas Panagopoulos according to the WSJ. More than 70 others have been...

By John McClenahan/Calamos Investments In our most recent Global Economic Review and Outlook, we described 2014 as the year of the fundamental investor with macro factors becoming a less significant driver of investment performance. But how do we monitor this?...

Greek Police have dismantled a criminal organization trafficking migrants to other European countries. A total of 13 members of the organization were arrested in Thessaloniki, Greece, including the 33 year-old kingpin of the racket, 11 foreigners and a 31 year-old...

For the second day in a row there was tension at the Athens University of Economics and Business (ASOE), with clashes between groups of students and the Greek Police. On Wednesday afternoon, the Greek police were outside the University campus...