News archive of December 2018

Realty soars on Golden Visas, homesharing, NZZ reports

The main reasons for the notable activity in the Greek property market are the Golden Visa program and the high returns offered by investing in property for short-term rentals, according to Swiss newspaper Neue Zuercher Zeitung (NZZ).

Man arrested in northern Greece for illegal transport of migrants

Police in Thessaloniki arrested on Friday a 21-year-old Syrian who was caught transporting 17 irregular migrants in a car in northern Greece.

The suspect was apprehended after a police chase which ended at the road junction of Profitis Thessalonikis, on Egnatia highway.

Ivanov urges FYROM MPs to reject name deal

The president of the Former Yugoslav Republic of Macedonia (FYROM), Gjorge Ivanov, on Friday urged lawmakers to reject the name agreement with Greece, claiming it will "erase" his country's national identity.

Under the accord, also known as the Prespes agreement, FYROM must amend its constitution and change its name to North Macedonia in return for being allowed to join NATO.

Corfu hotel project at Erimitis gets go-ahead

US firm NCH Capital has received the necessary approvals from the Economy Ministry for its investment plan concerning a five-star hotel it intends to develop in the Erimitis area of Corfu (pictured) and is hoping the construction license will be issued soon so work can get under way during 2019.

The timetable of the 120-million-euro project provides for the hotel to open in 2021.

Satisfactory performance by Greece in the euro area

Despite its financial crisis, Greece is among the eurozone countries that have fared relatively well since the introduction of the single currency 20 years ago, according to a report published on Friday by Bloomberg.

Greek homes market to keep moving at three speeds

The local residential property market is expected to continue moving at various speeds in 2019, as the segments that are seeing considerable interest from abroad are experiencing plenty of activity at a time when demand and transactions in others remain frozen.

An attack with a message

Thursday's attack by unknown assailants who placed a makeshift bomb - albeit a small one - on the steps of one of Athens's best-known churches is a very serious matter and needs to be treated as such by the country's politicians and authorities.

State to ease arrangement of bad loans

The government proposed on Friday an out-of-court settlement model to banks for the debts that individuals owe to them, which foresees the subsidization of payment tranches so as to protect the main residences of debtors who are unable to meet the requirements of their arrangements.

ATHEX: Late recovery sees Greek stocks break losing streak

Talks between Prime Minister Alexis Tsipras and the managers of Greek banks on the course of the sector and the protection of debtors' main residences sent stock prices higher on Friday afternoon, bringing an end to the benchmark's seven-session losing streak.

Free fun in southern Athens

The Stavros Niarchos Foundation Cultural Center is hosting a rich program of free-of-charge events over the holiday period, ranging from games, sports and activities for kids to concerts by renowned music acts for adults.

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