Latest News from Greece

ATHEX: Stocks end seven-day rising streak

Many investors opted to sit out Thursday's trading session at Athinon Avenue ahead of Friday night's verdict by Fitch on Greece's rating and outlook, with sellers putting an end to the benchmark's seven-session rising streak.

The face of a forward-looking Greece

The new Greek president, Katerina Sakellaropoulou, will do her best to help a society with a long democratic tradition to heal the wounds of the past. She also highlighted the importance of the rule of law, and noted her dedication to working with the Parliament, the government and the opposition to achieve the highest possible consensus.

Poll: Six in 10 happy with new president

Six in 10 Greeks have a positive view of the choice of Katerina Sakellaropoulou as Greece's new president, according to an opinion poll by Pulse for Skai.
The survey showed New Democracy retaining a lead of 12.5 percentage points over SYRIZA, with 38 percent backing the ruling conservatives over 25.5 percent for the leftist opposition.

Greek tourism set to grow despite Thomas Cook collapse

Tourism, which accounts for about a quarter of Greece's gross domestic product, will grow in 2020 despite the blow dealt to the sector last year by the collapse of British travel giant Thomas Cook, Tourism Minister Haris Theocharis said on Thursday.

Number of flu deaths in Greece rises to 13

The number of flu deaths in Greece since last October has risen to 13, according to the National Health Organization (EODY), which on Thursday reported a rise in visits to doctors with flu symptoms compared to last week.

Property rates up by 8 percent, rents by 10 pct

Property prices in Greece posted an annual increase of up to 28 percent last year, while rental rates rose by up to 25.2 percent, with those figures recorded in Thessaloniki and Piraeus respectively. Across the country sale prices rose 8 percent while rents showed an average increase of 10 percent, according to data from the Spitogatos Property Index of property ad website Spitogatos.

Merkel praises Greek government’s reform drive

German Chancellor Angela Merkel has praised the Greek government's reform drive while defending Berlin's austerity prescription during the years of economic crisis.

Bulgaria and Greece to Strengthen their Relations and to Deepen Cooperation in the Field of Tourism

The government has approved a draft Joint Action Programme between Bulgaria's Ministry of Tourism and Greece' Ministry of Tourism for 2020-2022, said the government press office.
The document reflects the willingness of the countries to strengthen their friendly relations and to contribute to the further development of cooperation in the field of tourism.

Pyatt reiterates US support for EastMed project

US Ambassador to Athens Geoffrey Pyatt has reiterated Washington's support for the deepening cooperation between Greece, Cyprus and Israel in the energy sector.
In early January, the three countries signed a deal to build a 1,900 km (1,180 mile) subsea pipeline to carry natural gas from the eastern Mediterranean's rapidly developing gas fields to Europe.

EIB signs 180 million euro loan to fund new Greek airport

The European Union's lending arm, the European Investment Bank (EIB), signed a 180-million-euro ($199.69 million) loan deal with Greece to help it pay its share for a new airport on Crete, the country's biggest island.

Greece has been upgrading its airport facilities to handle an increasing number of tourists visiting the country, one of the world's top holiday destinations.

Mitsotakis says no EU deal on Libya unless Turkey accord scrapped

The European Union will not agree to a political solution to Libya's factional conflict unless Turkey and Libya abandon a maritime accord they signed in November, Greek Prime Minister Kyriakos Mitsotakis said on Thursday.

Authorities seize 1.2 tonnes of cannabis in Piraeus

Greece's Financial Crimes Squad (SDOE) announced on Thursday it had seized 1.2 tonnes of processed cannabis inside a container at the port of Piraeus.

Authorities believe the container came from the Maltese-flagged freighter Cartagena Trader, which left Beirut on 21 December 2019 and was heading to Misrata, Libya.

PM meets Microsoft president at company's pavilion in Davos

Prime Minister Kyriakos Mitsotakis on Thursday proposed the use of digital technology for showcasing Greece's cultural heritage and archaeological wealth during a visit at Microsoft's pavilion in Davos.

The proposal was made to the company's President Brad Smith, who showed a series of innovative technological applications that link the digital era with green technologies.

Cyprus backtracks on claim Turkey stole offshore gas data

Cyprus' government spokesman on Thursday backpedaled on a claim that Turkey may have stolen technical data it used to pinpoint a target for gas drilling in waters where the island nation has exclusive economic rights.