Latest News from Greece
The economic sentiment index in Greece showed a fresh deterioration in May, despite the gradual lifting of restrictions and the resumption of most economic activities. The index compiled by the Foundation for Economic and Industrial Research (IOBE) showed a reading of 88.5 points, against 99.3 points in April.
Israeli company Adama has completed the acquisition of Greek firm Alfa Agricultural Supplies SA. Adama bought out the remaining 51% stake in Alfa for an undisclosed amount, taking its holding in the local company to 100%. This practically means Alfa has passed into the hands of the Chinese company that controls the Israeli enterprise.
Turkey's ambassador to Greece told Greek diplomats on Monday that his country's positions on the Eastern Mediterranean, the demarcation of maritime zones, the Cyprus issue, hydrocarbon exploration and Libya are "well-known and transparent" and "within the bounds of international law," according to Turkish diplomatic sources.
Greece allowed year-round hotels to open on Monday, restarting its vital tourism sector hobbled by weeks of lockdown, although business remained quiet with international flights from its main airports only set to resume from June 15.
With borders also still shut in key tourism markets, some hotels have pushed back their openings due to low reservations.
The all-male monastic community of Mount Athos in northern Greece reopened its doors to pilgrims on Monday, on the condition that they are in possession of the special permits required.
Entry is also allowed to all employees of the monasteries of the Athonite State. Visitors numbers, however, will be limited to 15 people per monastery.