Korres

Majority ownership of the leading Greek natural cosmetics producer Korres is to pass into foreign hands, as the firm announced on Wednesday that it had signed a provisional agreement with Morgan Stanley and Chinese company Profex that will see the latter two obtaining share capital in the former of up to an indirect sum of 70 percent.

The eyes of the world are on Greece again as people watch the country slowly disintigrate with capital controls, payment stoppages, food and gas shortages and other problems. Everybody wants to know what will happen next and the effects that eurocrats’ decisions will have on the everyday lives of cash-strapped people. There are ways of helping Greece:

By Ioanna Fotiadi

The secret of Santorini’s Assyrtiko is rapidly making its way through the grapevine of New York’s gourmands, who are raving about the grape variety grown on the southeast Aegean island.

“The Americans are mad about Assyrtiko,” the general manager of the Union of Santorini Cooperatives, Matthaios Dimopoulos, says with no small amount of pride.