Latest News from Greece

Beleaguered Greek sports surviving on 'crumbs'

Greece's beleaguered Olympic sports federations are struggling for their very existence following a new round of cuts in state funding despite several new emergency measures announced on Friday.

Piraeus and Alpha promoting issues


 Banks encouraged by international interest in plans to cover capital requirements; National set to follow

By Yiannis Papadoyiannis

The Piraeus Group will likely launch its 500-million-euro bond issue on Monday, while bank officials who have been busy promoting the issue at events in London and New York are reporting major investor interest.

Hellas liquidators say TPG and Apax left it insolvent

Hellas Telecommunications (Luxembourg) II SCA’s liquidators sued TPG Capital Management LP and Apax Partners LLP for more than $1.3 billion, saying the private equity firms left the wireless company insolvent.

Prison leave, especially for terrorists, to become stricter

A draft bill that was presented for public discussion on Friday and is expected to be submitted in Parliament soon foresees stricter terms for the conditional release from prison of offenders convicted of terrorism as well as more lenient treatment for those who return money swindled from the state.

3% of Global Retail Chains Plan Expansion in Bulgaria – CBRE Report

Bulgaria ranks 46th in a report of property consultants CBRE on the top destinations for expanding global retail chains.

According to the survey, as cited by investor.bg, some 3% of the polled international retail chains expressed interest in expanding their business in Bulgaria.

Macao, India, Oman and Serbia have similar scores.

Gastronomy bridges gap between Greece, Turkey

Gastronomy bridges gap between Greece, Turkey

Culinary arts have helped to close the political gap between Turkey and Greece.

Maria Ekmekcioglu, a Greek native of Istanbul, hosts two cooking shows, one in Greece and the other in Turkey. [Facebook/Maria Ekmekcioglu]

Belgrade named best place for tourism

BELGRADE - Belgrade has been named the best place for tourism as part of the traditional International tourist patrol "SACEN International", with Turkey as the best tourist destination and Belgrade-based Singidunum University as the best partner in tourism in southeastern Europe in 2013.

Shock home defeat to Laboral for Panathinaikos

Panathinaikos suffered on Friday an unexpected home loss to bottom club Laboral Kutxa with a 68-61 score that has dealt a major blow to its chances for qualifying to the quarterfinals of the Euroleague.

It would be fair to say Panathinaikos underestimated Laboral, that had only scored one win in its previous eight games in the second group stage of the competition.

New cars on the road rise by 16.6 pct

The rise in the number of new cars on Greece’s roads continued for a second straight month in February, confirming the market’s forecast based on orders made since January.

Troika pushing for lower salaries


 Lenders want public sector pay to drop and no automatic minimum wage rises A man reads the headlines of newspapers hanging from the awning of a kiosk in central Athens on Friday.

The troika has asked Greece to lower wages for new civil servants and to remove automatic pay rises for Greeks earning the minimum wage in the private sector, Kathimerini understands.

Gauck makes historic gesture of apology for WWII crimes in Ioannina


German President Joachim Gauck (right) leans in to embrace 90-year-old Esthir Cohen (left) during a visit to a synagogue in Ioannina on Friday. Cohen is one of just two Jews still alive in the northwestern town today who survived the Holocaust and made it back from Auschwitz.

More hands on deck for Lagarde list probes

The Financial Crimes Squad (SDOE) has started making some headway with its investigation into a list of Greeks with deposits at a bank in Switzerland after the number of staff assigned to the case was increased from four to 16.

Writer Auguste Corteau sues journalist over homophobic rant

Writer Auguste Corteau revealed on Friday that he is taking legal action against journalist Dimos Verikios over a homophobic rant made by the latter during his daily radio show on Alpha.

Greece in European court over failure to shut down Kiato landfill

The European Court of Justice confirmed on Friday that the European Commission is taking Greece to court over its failure to close down a landfill at Kiato, west of Athens, despite repeated warnings.

The Kiato landfill has been operating illegally since 2002.

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