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Greek News

Greek Parliament Freezes Golden Dawn Funds

By a crushing 241-26 vote, the Greek Parliament has approved the cutting off of state funding for the Nazi-inspired Golden Dawn party in a new law that shuts off the public tap for parties accused of criminal activities. Five...

1.9 billion Loss for Bank of Cyprus

Bank of Cyprus, the Cypriot lender which recapitalized itself after seizing its own depositors' savings this year, posted a 1.94 billion euro net loss in the first nine months of the year. The bank said on Wednesday the result included...

A Greek “Hope” in Siberia

In a distant place of the world -- Novosibirsk, Siberia -- there are some Greeks who keep the Greek spirit alive despite the fact that they are far away from their homeland. The Greek cultural organization Hope was founded 20 years ago. Hope is...

Etihad and Greek Airline Sign Codeshare

Etihad Airways, the national airline of the United Arab Emirates (UAE), has signed a codeshare agreement with Aegean Airlines, Greece’s largest commercial airline. The agreement will see Aegean Airlines commence service four times a week between Athens and Abu Dhabi...

Yiannis Economides’ Greek Film Travels to Berlin

  The latest film of Yiannis Economides, “To mikro psari” (Little Fish), will participate in the competition of the 64th Berlin International Film Festival. The Festival will take place February 6-16. The film, a social drama, revolves around the protagonist, Stratos,...

Eurostat: 36% of Greeks Have Never Surfed the Internet

Greece has one of the highest percentages of people who have never used the internet, according to a survey released by Eurostat. According to the study, over a third of people in Romania (42%), Bulgaria (41%), Greece (36%), Italy (34%),...

SOCAR Acquires Slice of Greek DESFA

Socar (the state oil company of Azerbaijan) has acquired a 66% share in the Greek natural gas transmission network operator (DESFA). This agreement is significant in terms of gas supplies to Europe from Azerbaijan. The President of Socar, Rovnag Abdullayev will arrive...

ESM Approves €100 Million Disbursement to Cyprus

The Board of Directors of the European Stability Mechanism (ESM) approved on December 18 the disbursement of €100 million to Cyprus. This follows the approval of the updated Memorandum of Understanding (MoU) by the ESM Board of Governors and a...

SYRIZA Loses Submarine Deal Probe Bid

A proposal by the major opposition Coalition of the Radical Left (SYRIZA) party for an investigation into a stalled deal for the completion of three Hellenic Navy submarines at Skaramangas Shipyards - including the role of current Deputy Prime...

Stolen Money and Bribes Returned to the Government

The Greek government has opened an account for  “corrupt” individuals to deposit money stolen from the state. Officials estimate that the account which was opened yesterday by the Deputy Minister of Finance, Christos Staikouras, could return to the government up...

Anti-smoking Campaign: HEART Saves Hearts in Greece

Greeks are known as hardcore smokers who live in a country doesn't change habits easily, even if it is against the law. Harvard University in collaboration with Panayiotis Behrakis of the University of Athens, School of Medicine with the...

Former Greek MP Criticized for Qualifications

The recent elections in Australia was a big surprise for the Greek Sophie Mirabella Panopoulos and her supporters. Although Mirabella was expected to have an important position in the Abbott government, she conceded defeat in Victorian seat of Indi. Mirabella...

Greek Shipowners Strategize in Washington

The strategic importance of Greece in international shipping and the prospects for the development in the maritime sector and other activities, were the main topic of discussion for the Union of Greek Ship owners. A delegation of the union,...

Athens University Greek Law Students to Lose Semester

After several months of consecutive striking, a majority of officials at the Universtiy of Athens's law school have finally agreed upon a decision that will result on the loss of the academic semester. Newspaper “TA NEA,” reported that the officials...

Greek Island Crete: Healthy Diet Key to Long Life

A survey, entitled the Seven Countries Study was presented December 5th by Professor Daan Kromhout of the Wageningen University at a United Nations symposium in New York. The study lasted for 50 years (1960-2010), and showed that men from...