Latest News from Greece

German president visits Acropolis Museum

Published by Kathimerini on Sat, 04/08/2017 - 15:22

German President Frank-Walter Steinmeier (center) and his wife Elke Buedenbender are guided around the Acropolis Museum by its president, Dimitris Pantermalis (r), on Saturday. Steinmeier, in Athens on a two-day visit, also attended the opening of the documenta 14 art exhibition at the National Museum of Contemporary Art (EMST). "I cannot imagine [the EU] without Greece.

Ballots open for Greece-based Turks

Published by Kathimerini on Sat, 04/08/2017 - 15:00

A Turkish woman living in Greece casts her vote ahead of a referendum on constitutional changes that would boost President Recep Tayyip Erdogan's powers, at the Turkish Consulate in Athens on Saturday. Turkish people living in Greece are able to participate in an absentee ballot ahead of the referendum, which will be held in Turkey on Sunday, April 16. [Yorgos Karahalis/AP]

Turkish citizens to cast referendum votes in Greece on April 8 and 9

Published by Protothema on Sat, 04/08/2017 - 13:13

Turkish citizens residing in Greece will go to polling stations set up in Athens, Thessaloniki, Komotini and Rhodes to cast their votes Saturday and Sunday, on the April 16 referendum to take place in Turkey. Voting will commence in the four Turkish Consulates in the designated cities and will commence at 9am and end 9pm on each day.

Power, populism and the unions

Published by Kathimerini on Sat, 04/08/2017 - 13:07

The Public Power Corporation (PPC) is teetering on the brink of bankruptcy. There are many factors at play that can explain this sorry state of affairs. But two stand out in particular: cheap populism and the uglier side of trade unionism.

INTERVIEW: Kapka Kassabova on a 'journey to the edge of Europe'

Published by Hurriyet on Sat, 04/08/2017 - 00:01

The border between Turkey, Greece and Bulgaria is described by writer Kapka Kassabova as "the last outpost of Europe." Bulgaria is the poorest member of the EU, Greece remains mired in economic woes, and Turkey is steadily heading down the path to authoritarianism.

More investors to come for shopping malls

Published by Kathimerini on Fri, 04/07/2017 - 21:30

Commercial property experts see the recent deal between Lamda Development and Varde Partners as confirmation of estimates that shopping centers would become a target for investors from both Greece and abroad, the reson being the considerable resistance malls have shown in the face of pressure from the economic crisis.

Greek tourism improves its competitiveness

Published by Kathimerini on Fri, 04/07/2017 - 21:26

At least one sector in the Greek economy has improved its performance over the last 12 months, as Greece climbed seven spots in the World Economic Forum's Tourism Competitiveness Index for 2017.

Deal on broad strokes paves way for resumption of bailout talks

Published by Kathimerini on Fri, 04/07/2017 - 20:19

Representatives of Greece and its international creditors meeting in Malta on Friday agreed on the broad strokes of an agreement to conclude a stalled bailout review, paving the way for foreign auditors to return to Athens.

Greek PM condemns Stockholm attacks in tweet

Published by Protothema on Fri, 04/07/2017 - 19:41

Greek PM Alexis Tsipras unequivocally condemned the Stockholm terrorist attack in a tweet he posted. “We unequivocally condemn the terrorist attack in Stockholm. I express the deep condolences of the Greek people to the relatives of the victims”, Mr. Tsipras wrote.

The “battle” for Instagram: 10 most followed Greek celebrities (photos)

Published by Protothema on Fri, 04/07/2017 - 19:18

Superstar Selena Gomez might be leading in the informal Instagram followers competition globally with over 103 million followers, but which celebrity holds that “title” in Greece? Here is a list of the top 10 most followed Greek celebrities in 2016.

1. Doukissa Nomikou – 382,000 followers

PPC to sell 24 pct stake in ADMIE

Published by Kathimerini on Fri, 04/07/2017 - 18:49

Greece is close to concluding a spin-off of its power grid operator ADMIE from state-controlled power utility PPC, the Energy Ministry said on Friday.

The move, a key term of the country's international bailout, will boost PPC's cash reserves by about 700 million euros in May, the ministry said in a statement.

TAIPED calls for improved Thessaloniki Port bids

Published by Kathimerini on Fri, 04/07/2017 - 18:46

Greece's privatization agency (TAIPED) asked on Friday for improved financial bids from short-listed investors seeking to buy a majority stake in its second-largest port.

TAIPED got three offers last month for the sale of a 67 percent stake in Thessaloniki Port, which is required as part of Greece's international bailout.

Yield on short-dated Greek bonds tumbles

Published by Kathimerini on Fri, 04/07/2017 - 18:42

The agreement between Greece and its eurozone creditors on major elements of reforms needed to unlock new loans sent the yield on Greece's short-dated bonds maturing in April 2019 25 basis points lower to 7.69 percent on Friday.

[Reuters]

Mild earthquake jolts Halkidiki

Published by Kathimerini on Fri, 04/07/2017 - 18:35

A moderate earthquake, measuring 4.2 on the Richter scale, struck the region of Halkidiki, northern Greece, shortly before 8 a.m. Friday morning, but there were no reports of injuries or damage.

According to seismologists, the epicenter of the quake was located about 1 kilometer northeast of the village of Paliouri in Kassandra.

Man, 88, shoots self in Pilio

Published by Kathimerini on Fri, 04/07/2017 - 18:33

Police in Pilio, central Greece, are investigating the circumstances that led to an 88-year-old man shooting himself in the head with a hunting rifle in front of his house on Friday.

According to local reports, the man, who has not been named, emerged from his house in the village of Aghios Vlasios and shot himself in front of his neighbors.

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