Latest News from Greece

Turkish violations of Greek air space, sea fuel concern

A day after Turkish fighter jets violated Greece’s national air space in the Aegean in a show of force, outgoing Defense Minister Dimitris Avramopoulos on Tuesday underlined that the Greek armed forces would protect the country’s interests.

Greek youngsters hardest hit by child poverty, UNICEF finds

A report by UNICEF published on Tuesday indicated that a global economic crisis that struck in 2008 has had a major impact on child poverty across the world, with children in Greece and several other European countries the hardest hit.

RSD 5.7M to be allocated to repair damage to Albanian shops

NOVI SAD - The government of Vojvodina pledged to transfer RSD 5.7 million to help repair the damage to 15 facilities in the northern Serbian province which were vandalized after the incident at the Serbia-Albania football match.

The funds will be allocated from the current budget reserve, the government of Vojvodina released on its website on Monday.

Greek market bought the rumor and sold the fact

After the morning growth up to the 1.024 points, the benchmark of the Athens stock market dived to 945 before settling for 958 at the end of Monday's session, as investors chose to cash in on the gains generated last week before the announcement of the banks’ stress test results on Sunday.

Corporate lending in eurozone periphery slumps further in Sept

Lending to companies in the euro zone periphery continued to fall in September, while banks in core countries kept lending more, ECB data showed on Monday, highlighting the divergence in economic strength in the bloc.

Bulgarians' Trips Abroad Rise By Almost 10% In September

Bulgarians' trips abroad increased by 9.7% in September, year-on-year, shows data of the National Statistics Institute (NSI).

The total number of foreign trips was 407 000.

Most significant rise was posted by trips to Greece - 19.6%, Turkey - 17.7%, Italy - 17.1%, Germany - 13.6%, Spain - 13.2%, the UK - 12.1%, Serbia - 7.8% and Macedonia - 7.7%.

Greece satisfied that ECB tests leave bank bailout buffer untouched

Greece's finance minister expressed satisfaction on Sunday that the country's banking system «passed successfully» the ECB's stress tests, noting that Athens still has a buffer of 11.4 billion euros at its bank bailout fund.

Funding picture is better than thought

 Precautionary credit line would allow Greece to forego IMF loans even if markets remained closed to it

By Dimitris Kontogiannis

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Orthodox Christians Hail St. Demetrius

Orthodox Christians in Bulgaria, Greece and other churches observing the Gregorian calendar are celebrating Saturday the holiday of St. Demetrius.

Known as Dimitrovden in Bulgaria - meaning the Day of St. Dimitar - the feast is an important church and traditional holiday.

Audience award for 'No One's Child' at Zagreb festival

BELGRADE - "No One's Child", a debut movie by Serbian screenwriter and director Vuk Rsumovic, got the HT Audience Award for the best feature film at the 12th Zagreb Film Festival (ZFF), the Belgrade-based production company Art & Popcorn stated in a release on Saturday.

Nicosia says reforms are bringing results

Economic reforms in Cyprus are starting to yield results, the government said on Saturday after one credit-rating agency upgraded its rating and a second its outlook for the bailed-out country.

Greek president to attend annual October 28 military parade

Greek President Karolos Papoulias is expected to arrive at the northern port city of Thessaloniki on Monday, ahead of the October 28 annual military parade which marks the country’s entry into the Second World War in 1940, also known as “Ochi Day.”

Banks need to step up

What has been leaked so far regarding the results of the stress tests on Greece’s lenders, which are due to be published on Sunday, appears positive.

Greece needs a healthy, private banking sector if it wants to increase growth and boost entrepreneurship as it tries to recover from the crisis.

5.2-Magnitude Earthquake Jolts Northern Greece

An earthquake with a magnitude of 5.2 on the Richter scale was registered in northern Greece, early Saturday.

The quake occurred at 3.16 a.m. some 20 km from the northwestern city of Arta, and 249 km northeast of the capital Athens, Bulgarian news agency BGNES informs.

No damages or victims have been reported.

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