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Greece Among Drunkest Countries

"Social drinkers" drink to celebrate a special occasion or relax after a difficult day. Many people do, however, deal with serious drinking problems owing to alcohol addiction. A new survey shows where those people tend to live. A map created...

Greece and Bulgaria Discuss Gas Imports

The Bulgarian government announced on Thursday that the country is talking with Greece concerning gas imports, fearing that the Ukraine crisis may lead to disruption of supply from Russia. Poland, Slovakia and Austria have reported slight decline in supply from Russia in recent...

Another Russian Tourist Agency Facing Problems

There seems to be no end to the downhill spiral of the Russian travel market. The mounting problems the sector has been facing have resurfaced after the Ukrainian crisis and as a result, businesses shut down every day. The domino effect brought...

Russian Tourists Trapped in Greece

Greek tourism had yet another loss as Russian agency Yuzny Krest Travel filed for bankruptcy, a problem that has now become an “epidemic.” More than 4,000 of Yuzny Krest Travel tourists are vacationing outside Russia, while most of them are...

SETE: Danger From Russian Tour Operators Bankruptcy

The Association of Greek Tourism Enterprises (SETE) warned of the danger from further Russian tour operators bankruptcies threatening the Greek tourism market, after the bankruptcy of major Russian tour operator Solvex Tour. St. Petersburg-based Solvex Tour has shut down, leaving 9,000 customers stranded...

Will Russian Tension Affect Gas Supply to Greece?

Forbes magazine said in an article that Greece is one of the countries that has appealed to the European Union for assistance, since its reliance on Russia's natural gas may result in energy shortages this coming winter. According to the article, this...

Gazprom's "Plan B" for South Stream Pipeline

Russian business newspaper Vzglyad published an article by journalist Oleg Makarenko, claiming that Gazprom has a “plan B” in case Bulgaria continues to obstruct the construction of the South Stream pipeline. The newspaper published an article suggesting that the Kremlin-favored...

Bloomberg: Athens Stock Exchange Among the Worst Performers

“Among the best-performing Europe gauges in 2013 after the government carried out the world’s biggest-ever debt restructuring, Greece’s ASE Index has become one of the worst,” Bloomberg reports. The stock market is slumping 21% as lenders from Piraeus Bank...

Cyprus Citrus Exports Hardest Hit by Russian Ban

Cyprus agricultural exports to Russia reached €13.5 million in 2013, representing 61 per cent of total exports to the country, trade ministry data showed. Total exports to Russia in 2013 reached €22.1 million, the Cyprus News Agency said, quoting the...

WWII Hero Greek Eurodeputy Pens Emotional Letter to Putin to Rethink Embargo

Greek SYRIZA MEP Manolis Glezos, wrote an emotionally-charged letter to Russian President Vladimir Putin asking him to rethink Russia's import embargo to Greek goods. Glezos pleaded to Putin to exclude Greek agricultural products from Russia's recently announced embargo on imports from the EU, the...