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Economy to Shrink 5% this Year, Unemployment at 20% – Greek Research Group IOBE

Greece's economy will shrink 5 percent this year and unemployment will hit 20 percent, hampering efforts to meet fiscal targets, the country's most prestigious think tank (IOBE) said in its quarterly review on Monday. The Foundation for Economic and Industrial...

Joint Greek-Israeli Military Drill

Greece, Israel, and the US are conducting joint air and naval exercises this week, in part to simulate defending sea-borne gas drilling installations around the eastern Mediterranean. The exercises, from March 26 until April 5, are also intended to simulate...

Canadian Website Offers Small Greek Islands Including 'Patroklos Island' For Sale

The Canadian website 'privateislandsonline.com' offers small Greek islands for sale. The online advertisement offers, for €150,000,000, the sale of  the famous small island of Patroklos, saying: "The island can be reached by road both via the Athina-Sounion coast road...

Austria: “Greeks Should Sell Isolated and Uninhabited Islands”

The head of the Austrian Federal Economic Chamber, Christoph Leitl, made a proposal to Greeks, that regards the sale of some isolated and uninhabited Greek islands. Leitl believes that such an action may improve the tense atmosphere...

Greek Islands Among World's Best Sailing Destinations

Yachting & Boating World (ybw.com), a site for avid sailers and travelers, ranked the Greek islands as one of the best sailing destinations in the world, due to the favorable summer climate, large number of islands, variety in island...

Greek Islands Top Romantic Destinations

Greek Islands is the best preference for a romantic vacation in a cultural paradise. Greek islands are a combination of enchanting sunset, magnanimous architecture, clear water and mouth-watering Greek food. These are the results of an online voting among Australian...

Louis Group to Undertake Management of Greek Island Hotels

Louis Group is interested in undertaking the management of hotels in Athens and Greek Islands through long-term leases, especially 4 and 5 star hotels in top tourist destinations. The company has already invested €136 million in Greece, and owns 7...

Greece Among Sunday Times 2012 Top 10 Holiday Destinations

The writers and readers of the British Sunday Times Travel have announced their Top 10 Holiday Destinations for 2012. Greece ranked 4th with its islands being portrayed as a masterpiece of simplicity having more to offer to their visitors than...

Neanderthal Men First Inhabitants of Greek Islands

According to recent finds by the University of Crete's History and Archaeology Department, Neanderthals were the first to inhabit the Greek islands. Research by archaeologist Nena Galanidou, professor of Prehistoric Archaeology at the University of Crete, in collaboration with the...

Greeks in Australia Promote Greek Tourism

A new highly effective Greek tourism promotion trend has recently appeared in Australia.Greeks are the initiators of this trend, aiming to persuade Australian scientists, artists, and the members of creative communities to visit and enjoy inspirational Greece, where they...