Latest News from Greece
Supermarkets report dramatic recession
The supermarket sector in Greece is experiencing a deep recession ranging from 8 to 15 percent year-on-year across its categories, according to the marketing and strategic planning director of AB Vassilopoulos, Zeta Cheimonidou. Her statements at a corporate event confirmed the general mood in the industry and data compiled by researchers surveying the sector.
Turkish Minister: Agathonisi is Turkish territory
The Turkish European Affairs Minister, Omer Celik made a provocative statement claiming the island of Agathonisi was Turkish territory in an interview on Turkish television, Wednesday. His statement came as a response to the recent visit during Easter to the island by Greek Defence Minister Panos Kammenos, who Mr. Celik attacked personally saying his trip there was not a “serious move”.
Juncker against 'major cuts' to Greek pensions, calls for 'reasonable' debt relief measures
European Commission President Jean-Claude Juncker has voiced skepticism over plans to impose further pension cuts in Greece while addressing the need to outline possible measures on debt relief next month.
Another sad distinction
Greece has been bestowed with yet another depressing distinction, coming number one in all of Europe when it comes to deaths caused by single-vehicle collisions.
Chinese tourism to Greece expected to “explode” in 2017
The number of inbound tourists from China to Greece in the summer season of 2017 is expected to rise significantly, according to data. The projection is confirmed by a notable increase in tax free sales in Greece in the first 3-month period of 2017 compared to 2016. A mere 150,000 Chinese tourists visited Greece last year, a number that is estimated to be much higher this year.
Greek Council on Foreign Affairs and Defence to address Turkish provocations
The Greek Government Council on Foreign Affairs and Defence (KYSEA) is scheduled to convene at 9 am, Wednesday to examine Greece’s course of action in response to the escalating military provocations Turkey is displaying in the Aegean Sea.
Big-business chiefs gear up for US dates
The managers of the Greek stock market's blue chip companies heading to the Greek Investment Forum in the US this summer will be doing so in the best climate - pressure-wise - since June 2012.
As bailout negotiations resume, Tsipras tries to sweeten pill
As Finance Minister Euclid Tsakalotos resumed bailout negotiations in Athens with representatives of the country's creditors, Prime Minister Alexis Tsipras declared on Tuesday that his government will legislate new tough measures in mid-May but will not enforce them if Greece does not get debt relief.
Single vehicle deaths in Greece are EU's highest
Greece has the highest rate of deaths in the European Union due to single-vehicle collisions (SVC), or a road accident in which only one vehicle is involved.
Greek banks show negative return on equity
European Central Bank data out on Tuesday showed that eurozone banks' return on equity dropped to 3.23 percent in the fourth quarter from 4.41 percent a year earlier.
Return on assets fell to 0.21 percent from 0.28 percent.
President tells Newsmax he’ll soon reveal policy on IMF and Greece
Less than 24 hours after the International Monetary Fund closed its four-day meeting in Washington the president himself told Newsmax Monday night that he would soon reveal his policy toward the financial colossus.
“Sherlock Holmes of Armenian Genocide” uncovers lost evidence
For more than a century, Turkey has denied any role in organizing the killing of Armenians in what historians have long accepted as a genocide that started in 1915, as World War I spread across continents. The Turkish narrative of denial has hinged on the argument that the original documents from postwar military tribunals that convicted the genocide’s planners were nowhere to be found.
EU executive urges change of tack in relations with Turkey
The European Union executive urged EU governments on April 24 to consider changing its relationship with Turkey after a referendum that put Ankara's stalled membership talks deeper into cold storage, with Enlargement Commissioner Johannes Hahn calling for a change of format in ties with Turkey.
President Pavlopoulos meets Egyptian Foreign Minister Shoukry
Greek President Prokopios Pavlopoulos on Tuesday received Egyptian Foreign Minister Sameh Hassan Shoukry, stressing Egypt’s important role for the stability of the wider southeast Mediterranean region.
Court rules against extradition of Turkish military officers
A Greek court of appeals on Tuesday rejected the Turkish authorities’ request for the extradition of three of the eight Turkish military officers that illegally entered Greece using a Turkish military helicopter in July 2016, in the aftermath of the failed coup in Turkey.
The court ruled that the three officers will be not extradited and ordered their release.