News archive of October 2016

Pappas scorns criticism over 2013 Venezuela visit

Minister of State Nikos Pappas on Monday dismissed criticism concerning a 2013 trip he made to Venezuela with a Cypriot lawyer specializing in offshore companies, saying that opposition New Democracy will not free itself of responsibility for the decades of corruption that have plagued Greece with "silly" assertions.

Tensions rise as GD trial shifts to PAME attack

The chapter of the ongoing trial against Golden Dawn related to an alleged attack by members of the far-right party against supporters of the communist-affiliated PAME union in September 2013 caused tension both inside and outside the Athens Appeals Court on Monday.

ATHEX: Monthly rise of 4.5 percent for benchmark

The benchmark of the Greek stock market chalked up monthly gains of 4.53 percent in October, after Monday's session saw the majority of stocks swing from red in the morning to green in the afternoon, despite the negative mood on most other European bourses due to concerns over the US presidential race.

Testing times for Greek gov't as pressure mounts

The recent decision by the Council of State concerning the TV license auction has piled political pressure on the coalition, which also has to face the eurozone's unwillingness to discuss debt relief, as well as the strict stance of the country's lenders on the second bailout review.

Athens court acquits defendant of Marfin firebombing attack

An Athens court on Monday acquitted 34-year-old defendant Theodoros Sipsas of all charges related to the firebombing of a branch of Marfin Bank in central Athens during an anti-austerity riot in 2010 that led to the death of three bank workers.

Greek police net international migrant-smuggling gang

The Greek Police on Monday said it has dismantled an international criminal organization that helped smuggle undocumented migrants from Turkey into Central and Northern Europe via Iraklio's Nikos Kazantzakis Airport on the island of Crete.

Greek-American fashion designer James Galanos dies

James Galanos, a second-generation Greek-American fashion designer, died of natural causes at his residence in West Hollywood, California, on Sunday.

He was 92.

Galanos was best known for the made-to-measure garments he created for a select clientele that included Nancy Reagan.

Man kills friend in freak hunting accident

A man was fatally shot in the chest on Sunday by a 57-year-old friend who mistook him for a wild boar during a hunting trip in the region of Ioannina, northwestern Greece.

The 32-year-old victim was rushed to a local hospital but was pronounced dead on arrival.

The 57-year-old faces manslaughter charges.

Deadline extension for Greece-Bulgaria pipeline

The deadline for binding offers for the use of the natural gas pipeline between Bulgaria and Greece has been extended by a month to the end of November due to requests from bidders, the joint venture that runs the project said on Monday.

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