Latest News from Greece

Tender planned for gas storage facility near Kavala

Energy Minister Yiannis Maniatis in Tuesday announced state sell-off fund TAIPED’s proclamation of a tender for the creation of a natural gas storage facility at the South Kavala reserve in eastern Macedonia.

Venizelos calls for diplomatic consensus

Opposition parties were mostly in agreement with the government’s stance on key foreign policy issues on Tuesday as Foreign Minister Evangelos Venizelos briefed MPs on the latest developments.

Coalition leaders approach troika targets with caution

Prime Minister Antonis Samaras and Deputy Premier Evangelos Venizelos met on Tuesday to study the list of 19 actions that the troika has demanded from Athens, setting apart five on which they believe the government will have to proceed cautiously.

Man wanted for embezzlement arrested in Mount Athos

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.

Greece should bet on Turkish semi-democracy rather than Egyptian dictatorship

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.

World’s refugees rush to Turkey on way to EU

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.

Recovery reflected in vehicle sales

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.

Gov't focused on completing review with troika, despite the odds

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.

Tourism arrivals close to 23 mln

 Greece to enter top 15 of global holiday destinations despite unfavorable conditions in Europe and Russia

By Stathis Kousounis


Hellenic Petroleum doubles core profits

Greece’s 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.

Stocks slide anew as bears get settled

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 won’t be moving until the political landscape clears.

Injuries force more changes on Greece

Greece coach Claudio Ranieri has been forced to make two more changes to his squad for Friday's Euro 2016 qualifer against the Faroe Islands due to injuries.

Avramopoulos says New Democracy-SYRIZA government a possibility

New Democracy politician Dimitris Avramopoulos, who took up his post as European Commissioner for Migration at the beginning of the month, believes that his party and rival SYRIZA may be called upon to govern together in the future.