Latest News from Greece

Pollution in Asopos River up to 100 times above safe level

The levels of a potentially carcinogenic form of chromium in the Asopos River in central Greece are 100 times higher than the maximum safety standard, local officials have revealed.

Crackdown on Roma camp reveals suspected looted copper

A police crackdown on three Roma settlements in different parts of Thesprotia, northern Greece, on Thursday led to the detention of six people and to the confiscation of large quantities of copper.

Greek Authorities Also Push Back Refugees - Report

Greece has also committed serious violations against asylum seekers and immigrants entering its territory from Turkey, a new report by Amnesty International has argued.

ELSTAT responds to claims of unreliable statistics

In response to recent reports in the media claiming that unreliable statistics were published by the Hellenic Statistical Authority, ELSTAT and Eurostat, regarding Greece’s annual fiscal figures for 2013 as these showed surpluses in social security funds and local government, the former sought to clarify matters in a statement released on Wednesday.

Nanjing Olympic Flame lit in Athens

By George Georgakopoulos

The Olympic Flame lit again on Wednesday in Athens for the 2014 Youth Olympic Games to take place in Nanjing, China this August, as the weather at the Panathenaic Stadium was kind enough to ensure a glorious ceremony for the people attending, including several hundreds of schoolchildren.

Constancio says banks’ cash calls cut risk of ECB test fail

Jeff Black & Boris Groendahl

European Central Bank Vice President Vitor Constancio said lenders in the region are reducing the risk of failing a balance-sheet review by taking pre-emptive steps to increase capital ratios.

Greece expects to beat 2014 budget target, may issue more bonds

Greece said on Wednesday it expected to beat a 2014 budget target set by its international lenders and may tap bond markets again with an issue of between 3 and 6 billion euros to plug any potential funding gap over the next 12 months.

Greece’s public power marketing bonds in first sale since 2000

Public Power Corp SA, Greece’s largest electricity company, is returning to the bond market for the first time since 2000 as recovery takes hold in the nation that set off the euro region’s debt crisis.

Greek nightclub basements turn focus of tax-evasion dragnets

It’s Saturday night going on Sunday morning at a club near the gated homes of the Greek elite in northern Athens as two men and a woman in business suits push through the crowd and demand to see the cash register.

The manager sighs. It’s the tax man.

Turkey Busts Illegal Immigrants Trafficking Ring

Police in Istanbul and Edirne have dismantled a crime group which engaged in illegal trafficking of immigrants from Middle East countries to Bulgaria and Greece.

The 12-strong crime group was uncovered as a result of several months of tracking by special police units, according to reports of dnevnik.bg.

Greece reinstates passenger train service to Balkan capitals

Train service to Sofia, Belgrade and Skopje will resume on May 10th. Also in business news: Turkey's Veibo Group will invest in a production facility in Macedonia's northeast, creating 5,000 jobs.

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