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Greek News

100 Million Euro Bail Set for Lavrentiadis

Lavrentis Lavrentiadis, former CEO of Proton Bank was proposed a mammoth bail of 100 million euros by the prosecutor in charge of the case concerning Proton Bank’s unsecured loans, in order to be released from jail. The prosecutor proposed to...

Greek Coast Guard Rescues 37 Immigrants

Officers of the Greek coast guard claimed that they have rescued 37 immigrants from drowning in the eastern Aegean Sea. According to the Greek authorities, a Greek coast guard patrol found the half-sunken boat offshore the island of Lesbos early on...

American Artist Paints Greek Inspired Murals

A quick glance at a building such as the one shown in this picture will make you think that a natural disaster occurred however, that is not the case. This is a work of art, a mural that makes...

No Summer Vacation For 1 out of 4 Greeks

The Eurobarometer results released in Brussels showed that one in four Greeks (26%) do not intend to go on vacation this year because of their economic situation, while in the same category the number on a European level was...

Greek Police Officers Protest Outside Greek Parliament

Earlier today, Greek Police officers participated in a rally protest that ended up outside the Greek Parliament. The Greek police officers protested against the plan concerning the restructuring of Hellenic Police. According to the Panhellenic Association of police officers (POASY),...

Shocking Decline in Greek Construction Activity

  The deep economic recession that Greece suffers from in conjunction with the strict fiscal policy, had a negative impact in building activity which records a constant decline since the crisis outburst. According to a survey conducted by Infobank Hellastast S.A,...

44% of Central Heating in Athens Remains Turned Off

According to the data released by the head of the Attiki Gas Supply Company (EPA) Mr. Balaskas, this winter, the central heating of 44 percent of apartment buildings with heating oil boilers in Athens remain turned off while last...

Greek Finance Minister and Farmers Meeting Fruitless

The Greek Finance Minister, Yiannis Stournaras, had a meeting earlier today with representatives of the Greek farmers union. However, the two parties could not reach an agreement and the union underlined that they will do everything that is within...

Greece Wants Greek Ship-Owners to Contribute More

According to Posidonia Exhibitions SA, Greek ship-owners set a new record of orders to shipbuilding companies in 2013. The number of orders made by Greek ship-owners is estimated at 25 percent of the global order book. In fact, last year...

Decline in Greek Newspaper Circulation Continues

The decline in Greek newspaper circulation during 2013 continues. The data concerning political newspapers showed a very sharp drop in the circulation of daily newspapers. More specifically, Greece's afternoon newspapers which were selling an average of 100,000 copies have...

Kouvelis Backs Kaminis For Mayor

With the ruling New Democracy Conservatives in disarray over the Athens' Mayor's race - officially supporting one of its lawmakers as a candidate and snubbing another - who had the office - incumbent George Kaminis has picked up the...

Record High: Greek Unemployment Rate Nov 28.0%

Greece's unemployment rate rose further to a new record of 28 percent in November from a downwardly revised 27.7 percent in the previous month, the country's statistics agency ELSTAT (Hellenic Statistical Authority) said on Thursday. The rate is more than...

Increase of Greek Tourists in FYROM

According to data released by the Statistical Service of FYROM, an increase of Greek tourists was recorded in December 2013. As reported, most of FYROM's foreign visitors were Greeks. Specifically, the majority of foreign tourists in December 2013 came from Greece...

Downtown Athens Redevelopment Project Gets "Green Light"

A 78.5-million-euro project for the redevelopment of the Panepistimiou-Patission axis, the extension of the tram line and related traffic measures that will breath new life into the center of Athens, Greece, was given the “green light” on Wednesday. The project...

Greek Inspirations on St. Valentine's Day

If love could be defined, then it would contain the most intense and vitalizing feeling, but also the most oppressive one, as it requires a positive response in order to be fulfilling. From Plato, who mentions in his Symposium...