Latest News from Greece

Turkish Stream to Replace South Stream Gas Pipeline- Erdogan

The new gas pipeline which may replace the South Stream gas pipeline may be called "Turkish Stream", according to Turkish President Recep Tayyip Erdogan.

Erdogan, as cited by RIA Novosti, announced Wednesday that the name had been proposed by Russian President Vladimir Putin.

Two dead following heavy rain in Thessaloniki, Kilkis

The bodies of two men were retrieved by members of rescue teams in Thessaloniki and Kiklis, northern Greece, following heavy rainfall in the area, raising the number of dead to four since last Saturday.

The first victim, a 44-year-old man, was reportedly swept up by the River Gallikos in his efforts to cross the river on foot.

Ex Energy Minister: Bulgaria Should Stop ‘Playing Ostrich’ over Shale Gas

Delyan Dobrev, former Energy Minister and MP of center-right party GERB, has insisted that it is time Bulgaria stopped "playing ostrich" as regards shale gas.

In an interview published in Pressa daily, Dobrev suggests that Bulgaria may be the only country in the world with a moratorium on shale gas drilling.

Approval of two-month Greek bailout extension clears first hurdle

The Euro Working Group (EWG) approved on Wednesday Greece’s request for a two-month extension to its bailout as German Finance Minister Wolfgang Schaeuble suggested that an agreement on a precautionary credit line would not be reached until the current program has been concluded successfully.

German defense company fined over Greek arms deals

A German defense and auto parts firm says it is paying a fine of nearly 37.1 million euros ($45.8 million) over allegations that a company representative in Greece made improper payments during arms deals in the country.

Greek PDMA raises 2.93 bln, T-bill yields inch higher

Greece sold 1.3 billion euros of three-month treasury bills on Wednesday in addition to 1.63 billion euros raised from its regular monthly auction, the Public Debt Management Agency (PDMA) said.

The T-bills were priced to yield 1.80 percent, up slightly from a previous sale in November.

Libra Group pushes ahead with Greek investments

Global conglomerate Libra Group, with origins in Greek shipping, is pressing ahead with its $500 million investments in Greece despite the country’s political turmoil, its chief executive said.

Libra, with headquarters in London and New York, has invested in various projects in Greece, including developing hotels and putting $200 million into renewable energy projects.

German defense firm to pay fine to end Greek bribe probe

German defense group Rheinmetall said one of its subsidiaries agreed to pay a fine to end a criminal investigation of suspected bribery payments during arms deals in Greece.

The fine imposed on Rheinmetall Defense Electronics GmbH (RDE) by the senior prosecutor of Bremen, the northern German city where the unit is based, comes to 37.07 million euros, Rheinmetall said on Wednesday.

Deadlock with Syrian refugees on Syntagma Square closer to resolution

After nearly three weeks of sleeping in makeshift tents on Syntagma Square, a protest by 330 Syrian refugees seeking permission to travel to Northern Europe appeared closer to a resolution Wednesday after 40 members of the group applied for asylum in Greece.

Son of accused Cypriot minister becomes victim of brutal assault

The son of former Cypriot Interior Minister Dinos Michailides, who is on trial for money laundering in arms deals involving Greece’s ex-Defense Minister Akis Tsochatzopoulos, has been seriously injured in an attack in southern Athens.

Marios Michailides suffered a head injury and broken ribs when three men attacked him at a hotel in Palaio Faliro on Tuesday.

More flooding expected in northern Greece

After nearly a week of heavy rainfall, civil protection authorities in northern Greece on Wednesday warned that the Ardas River is at risk of breaking its banks due to flooding at the Ivaylovgrad Dam in neighboring Bulgaria.

Nikolic made Citizen of Honor of the Greek city of Serres

BELGRADE - Serbian President Tomislav Nikolic received on Wednesday in Belgrade the charter of the Greek city of Serres awarding him the title of Citizen of Honor.

Nikolic met with a delegation of Serres, headed by Mayor Petros Aggelidis.

Anarchist Nikos Romanos ends hunger strike

Greek anarchist and convicted robber Nikos Romanos has ended a hunger strike after parties agreed on an amendment that will allow him to attend on-campus classes while wearing an electronic bracelet, Kathimerini understands.

Justice Minister submits amendment aimed at breaking Romanos deadlock

As Nikos Romanos started a thirst strike Wednesday, Greek Justice Minister Haralambos Athanasiou submitted an amendment in Parliament aimed at breaking the deadlock over the 21-year-old jailed anarchist and robber.

Romanos has been on hunger strike since November 10 over authorities' refusal to grand him an educational leave to attend classes at a Greek technical college (TEI).