Latest News from Greece

Minos Kyriakou, ex head of Greek Olympic committee, dies at 75

Greek media mogul Minos Kyriakou, a former president of the country's Olympic Committee, has died. He was 75.

The private Athens Medical Center says Kyriakou died Sunday of a heart attack.

Former Greek Olympic Committee President Minos Kyriakou dies

Greek media mogul and shipowner Minos Kyriakou, a former president of the country’s Olympic Committee, has died. He was 75.

Kyriakou died Sunday of a heart attack, the private Athens Medical Center said.

Kyriakou was born on May 31, 1942 in Poros, Greece. He began his career as a ship owner in the mid-1960s and remained involved in the sector.

Greece's transatlantic expectations

It has always been useful to check the Greek-American print media as an alternative insight into U.S. and Greek relations. Some with a publishing life more than a century old, have enough professional aptitude, giving us useful information to complete the puzzle.

Belief is absent and hard to restore

If the government was hoping that last month's agreement with the institutions at the Eurogroup in Luxembourg would mark a sea change in the way that Greeks view their economic future, the opinion polls published since the June 15 meeting will have delivered a sobering reality check.

OLP and OLTH can boost GDP by 5.6 bln/year

Business at Greece's two privatized ports, Piraeus and Thessaloniki, could increase the country's gross domestic product by up to 5.6 billion euros a year, a survey by the Foundation for Economic and Industrial Research (IOBE) has found. The strategic position of Greece's two main ports is seen as crucial for international trade.

Corporate bonds attract mattress cash

Over the last few months several major enterprises in Greece have drawn about 1 billion euros through the sale of corporate bonds and a large part of that was covered by money from mattresses and safe deposit boxes, according to credit sector sources.

'Highly constructive' talks on Cyprus: UN

U.N. Secretary General Antonio Guterres held "highly constructive" talks on Cyprus with key parties, enabling a clear vision of what could lead to a settlement, the U.N. has said.

Guterres met on on June 30 with Turkish-Cypriot President Mustafa Akıncı and Greek Cypriot President Nicos Anastasiades. He also met with the so-called guarantor powers Greece, Turkey and Britain.

Hugh Jackman writes “Yassou” in photo from Greek holidays (photos)

“Yassou” (Hello) wrote Aussie Hollywood superstar Hugh Jack Jackman in a selfie he shared with his 13.3 million Instagram followers. The 49-year-old family oriented actor, is on holidays enjoying the sun and culture of Greece with his wife Deborra-Lee Furness and their two children, Oscar, 17, and Ava, 11.

Istanbul roasts in 106-year record heatwave

Locals in Turkey have been stuggling under soaring temperatures amid a heatwave from North Africa over the past couple of days, with Istanbul breaking its 106-year high temperature record.

Declan Costello: A few more measures needed after summer

European Commission Representative of the Troika Declan Costello said that Greece would need to legislate a few more measures during an interview to Greek state broadcaster ERT. He acknowledged that the country was on track, but clarified that some more fiscal measures were necessary, which effectively means that a new batch of tax collection measures.

IMF to participate for 'last time' in Greek bailout: German minister

The International Monetary Fund, a key creditor in Greece's bailout, will not participate in any further rescues of the debt-wracked country, Germany's finance minister told a Greek newspaper on July 1.

"We have all acknowledged (eurozone and IMF) that the third Greek (bailout) payment will be the last with the participation of the IMF," Wolfgang Schaeuble told Greek daily Ta Nea.

The Guardian: Greece to receive 30 million tourists!

Greece is expected to receive almost 10 times its population in holidaymakers for 2017, according to Tourism Minister Elena Kountoura, who addressed the Panhellenic Exporters’ Association last week. British media outlet “The Guardian” focused on the boom in tourism, which is the debt-stricken country’s life jacket in the years of the economic crisis.