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Heraklion Among Top 21 Smartest Communities of 2012

Despite the poor financial circumstances in Greece, a ray of hope and optimism was cast on Friday after the Intelligent Community Forum (IFC), based...

Chinese Business Delegation In Athens

Chinese executives arrived on Sunday in Athens to strengthen the economic cooperation between Greece and China. Besides the Memorandum of Understanding, the large business...

Troika Says Reduce Public Sector or Go Bankrupt

 Greece's creditors have firmly asked the government to lay off 100,000 civil servants by 2015, with 50,000 to be shifted to «εφεδρεία» (a special...

Cyprus: Community Leaders Discuss Property and Territory Issues

The leaders of the two communities in Cyprus, namely President of the Republic Demetris Christofias and Turkish Cypriot Leader Dervis Eroglu, have presented documents...

Turks Have Big Investment Plans for Greece

According to an article in the Greek newspaper “Kathimerini”, Turkish companies are planning to spend more than 1 billion dollars on investments in...

Pharmacist Unions Warn Medicines No Longer Given on Credit

Pharmacist unions have warned that, from September, they will stop selling medicines on credit to insurants of social security funds that owe them money,...

Deutsche Telekom Raises OTE's Equity Stake to 40%

Deutsche Telekom AG has raised its equity stake in the Hellenic Telecommunications Organisation (OTE) to 40%, following the completion of the purchase of a...

Deutsche Telekom to Pay 391.6 MLN for 10% of OTE

Deutsche Telekom will pay 391,630,153 euros for the purchase of a 10% equity stake in Hellenic Telecommunications Orgranisation (OTE), according to a decision taken...

Finance Minister Activates 10% Additional OTE Equity Stake Option

The Greek government will activate an option contained in an existing contract between the Greek state and Deutsche Telekom to sell an additional 10%...

Finance Minister Asks Deutsche Telekom to Purchase 10% of OTE

The government is speeding up procedures to implement an eagerly awaited privatisation programme. Finance Minister George Papaconstantinou, in a letter sent to Deutsche Telekom's...