Latest News from Greece
Japan shipping merger bodes well for Piraeus
The prospect of the merger of three Japanese shipping companies with regular container ship lines, creating the third biggest force in the sector, bodes well for the port of Piraeus.
Drop in PMI on reduction in orders
Manufacturing sector jobs are unsafe as despite their increase in October, the indications according to the size of orders, cost of inflows and price of outflows are not encouraging at all.
This is evident in Greece's Purchasing Managers Index (PMI), which in October recorded a five-month low of 48.6 points against 49.2 points in September, according to Markit researchers.
Tourism takings to post decrease of 500 mln this year
Like Turkey, Greece has seen its tourism takings decline this year, in contrast to Cyprus, Spain and Bulgaria, which have reported growth in tourism revenues, according to the latest official data that Kathimerini has compiled. The year is likely to end with a loss of half a billion euros for the local tourism industry and the economy in general.
“Italexit” more likely than “Grexit”, study claims
A recently published report by the German institute Sentix reveals that Greece is no longer considered the most likely country to leave the Eurozone. According to its survey of over 1000 investors and analysts, Italy now occupies first place.
ATHEX: Worries send stocks lower
Fears of complications in Greece's second bailout review and further tremors in the runup to the US elections weighed on the majority of Greek stocks on Tuesday, with the benchmark giving up close to 1.5 percent.
Anarchists eye Obama visit
As self-styled anarchists scale up their activities in Athens, anarchist group Rouvikonas (Rubicon) on Tuesday called for protests during a scheduled visit to Greece on November 15 by US President Barack Obama.
Refugee flows increased in late October, data shows
Refugee flows to Greece increased 54 percent between October 24 and 30, compared to the previous week, according to data released by the International Organization for Migration (IOM).
More specifically, 661 people arrived in the week of October 24-30, as opposed to 430 between October 17 and 23.
Works from the Hermitage | Athens | To February 26
The Byzantine and Christian Museum in Athens presents "The State Hermitage Museum: Gateway to History," an exhibition of works from the permanent collections of the renowned Saint Petersburg museum. The exhibition opens on Wednesday, November 2, and runs through February 26, 2017.
Man sentenced over fatal Halkidiki nightclub shooting
A Thessaloniki court on Tuesday sentenced a 30-year-old ethnic Greek from Georgia to life and an additional 55 years in connection with a fatal brawl that took place outside a nightclub in Halkidiki, northern Greece, in July last year.
Coca-Cola HBC announces new Greek appointments
A day after PepsiCo-Ivi said it was terminating production in Greece, Coca-Cola HBC, one of the world's biggest Coke bottlers, on Tuesday announced the appointment of Dimitris Xynotroulias as marketing director for the company's Flavors department (dealing with Sprite, Fanta, Schweppes etc) for 26 Central and Eastern European countries based in Athens, and of Lilian Nektariou as the new general
Amcham calls on Greek gov't to implement bailout program
American-Hellenic Chamber of Commerce head Simos Anastasopoulos has again called on the government to implement and take ownership of the bailout program, on the occasion of US President Barack Obama's upcoming visit to Athens.
Hermitage Museum treasures on view in Athens
El Greco's painting of the Apostles Peter and Paul is displayed at the Christian and Byzantine Museum in Athens as part of "The State Hermitage Museum: Gateway to History" exhibition, which opens to the public Tuesday. Running to February next year, the temporary display showcases 80 pieces from the Russian museum's permanent collections, including antiquities, paintings and sculptures.
EuroGroup President: Social security matter still “open”
Despite reassurances by Greek Labour Minister George Katrougalos that the social security issue had been decided upon with Greece’s creditors and no more cuts were planned, a letter by Eurogroup President Jeroen Dijsselbloem revealed that the issue would be on the November 7 Eurogroup meeting agenda.
Regling expects agreement on short-term debt relief for Greece by end 2016
Greece's official lenders are likely to offer it short-term debt relief by the end of this year, the head of the eurozone's bailout fund said on Tuesday.
Klaus Regling, head of the European Stability Mechanism, told reporters that there was progress in talks.
Athens in diplomatic spat with Tirana over demolition of ethnic Greeks' homes
A diplomatic spat has erupted between Athens and Tirana over a decision by local authorities in the Albanian town of Himara to demolish the homes of 19 ethnic Greek families in the predominantly ethnic Greek seaside holiday resort.