Latest News from Greece
A 48-year-old man who had been avoiding arrest after receiving three life sentences over charges of embezzling some 9 million euros from the state, was arrested in Karyes, the capital of the Mount Athos monastic community in northern Greece.
The suspect had been a former financial inspector at the Dafni and Hymettus municipalities in Athens.
I was planning to write a follow up to the latest article I wrote about Turkish-Greek cultural cooperation, which I learned had been translated and published on a number of Greek websites. However, the recent cool winds blowing in the Mediterranean changed the focus of this article.
Visa policies are causing Turkey to become a way station for refugees from around the world hoping to cross into Europe, a parliamentary report says Turkey has increasingly become a bridge for human trafficking, as citizens of developing countries exploit its visa exemption policies to use its territory as a stepping stone to reach Europe, according to a parliamentary report.
Car sales in Greece continued to speed up last month, as new vehicle registrations increased by 33.7 percent year-on-year in October. In certain categories, such as coaches, sales almost doubled from October 2013, which can explained by the rapid growth in tourism, as hotels and travel companies rush to make investments to cater to customers.
Despite the huge challenges ahead, Prime Minister Antonis Samaras and his coalition partner, PASOK leader Evangelos Venizelos, agreed on Monday that the government will remain focused on completing the current round of negotiations with the troika and securing an agreement for a post-memorandum era next year.
Greeces biggest oil refiner Hellenic Petroleum said on Monday its third-quarter core profit almost doubled year-on-year, helped by improved refining margins and production.
Adjusted earnings before interest, tax, depreciation and amortization (EBITDA), which strips out inventory losses, rose to 146 million euros from 74 million euros in the same period last year.
The trading week in Greece got off to another southbound start, with the benchmark sliding by as much as 2.5 percent midsession before climbing again and containing losses to just over 1 percent. It appears that the bears are getting settled at Athinon Avenue and wont be moving until the political landscape clears.