Latest News from Greece

Fresh cold snap expected across Greece from Thursday

A fresh wave of cold weather is expected to grip Greece from Thursday after a brief respite this week, with meteorologists forecasting temperatures as low as -5 Celsius in the capital's northern suburbs over the weekend.

Ancient sauce fermented for workshop guests

The ancient city of Antandros in the western province of Balıkesir's Edremit district, where excavations have been continuing for 16 years, will open to the world with a project titled "The Route of Aeneas," which follows the route of the Trojan hero Aeneas from Antandros to Italy. The route, expected to pass through five countries, has been planned. 

Hectic Cyprus diplomacy ahead of Geneva talks

The Turkish Cypriot leadership is engaging in intense consultations in Ankara to flesh out a joint position before Turkish Cypriot leader Mustafa Akıncı and President Nicos Anastasiades present their respective maps for a settlement in Cyprus. 

Economy's response to memorandum offers hope

Greece's participation in the Economic and Monetary Union and the favorable conditions this brought led to its economy growing at a rapid pace. This growth was based mainly on domestic demand and consumption was instrumental, being fed by both public and private lending.

ATHEX: Record low turnover at start of year

The Greek bourse began the new year on Monday with the lowest daily trading volume in almost four-and-a-half years: It narrowly managed to clear the 10-million-euro level on a day that was a bank holiday for many countries while the vast majority of stores in Greece were also closed.

Court to rule on Turkish officers' extradition next week

The Supreme Court is next week set to rule on a set of appeals against deportation by eight Turkish officers who sought asylum in Greece after July's failed coup in Turkey.

Last week, lawyers representing the Turkish officers asked for the appeals to be heard jointly, a request that was rejected by Supreme Court prosecutor Xeni Dimitriou.

Gov't set on ending review to join ECB's QE by March

Prime Minister Alexis Tsipras and his aides gathered on Monday to discuss tactics ahead of a meeting of eurozone Finance Ministry officials on January 12 when Greece's progress in implementing reforms is to be assessed amid hopes for speedy conclusion of a dragging bailout review.

Diplomatic flurry ahead of Cyprus summit

As reunification talks between rival Cypriot leaders are set to resume Wednesday, Prime Minister Alexis Tsipras is preparing for a series of meetings with Greek political party leaders in the runup to the crucial multilateral summit on January 12, while UN Special Adviser for Cyprus Espen Barth Eide and British Minister of State for Foreign Affairs Alan Duncan are both expected in Athens this w

Man threatens restaurant manager with air pistol over inflated bill

A 31-year-old man was arrested on Monday for threatening a 57-year-old restaurant manager in Kavala, northern Greece, with an air pistol over what he thought was an inflated bill.

Police confiscated the pistol and the case file of the Albanian national was to be submitted to a local prosecutor.

Search for Greek bank rescue fund CEO ongoing

Greece's HFSF bank rescue fund is seeking new applications for the role of chief executive after two previous candidates turned down the job because they feared it could be short-term.

The Hellenic Financial Stability Fund said the term of the new CEO will be renewable but cannot run beyond the end of June 2020.

Luxury holiday resort planned for Cassiope

NCH Capital, a New York-based investment fund, plans to spend about 100 million euros to build a luxury seaside holiday resort on Corfu, it said on Friday.

Under a privatization scheme, part of a third international bailout signed last year, Greece on Thursday concluded the lease of a 108.3-acre plot, Cassiope, to NCH Capital for 23 million euros.

[Reuters]

A high rank executive of Novartis threatened to kill himself at Hilton!

In the first day of year, a 44-year-old man was threatening that he would jump from the 13th floor of the Hilton in Athens. It was Sunday around 17:00’ and according to him, he was a high rank executive of Novartis.

 

Finally, it was the police negotiator that talked him into rethinking it. The 44-year-old’s wife and mother were also there present.

 

Greek Police sends team to Rio to be briefed over envoy's murder

The Greek Police (ELAS) on Monday confirmed that it has sent a team to Brazil to be briefed by authorities there on the progress of an investigation into the murder of Greek Ambassador Kyriakos Amiridis.

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