Latest News from Greece

Albanian ambassador to Greece praises leaders for tact

The Albanian ambassador to Greece, Dashnor Dervishi, praised Foreign Minister Evangelos Venizelos and President Karolos Papoulias on Wednesday for their “measured and careful” response to the abandonment of a soccer game between Serbia and Albania in Belgrade last week.

PPC gets approval for two wind parks in Rodopi

Greece's dominant power utility PPC won approval from the energy regulator to produce electricity at two wind parks it plans to build in northern Greece, it said on Wednesday.

The production license opens the way for the construction of the 106-megawatt-capacity parks in Rodopi, a project which is estimated to cost 127.2 million euros ($161.47 million).

ECB cools speculation over bank health checks ahead of results

 Efe had reported that three Greek banks have failed health checks

The European Central Bank cautioned on Wednesday against speculation over the outcome of its stress tests after a media report said at least 11 banks had failed the landmark financial health checks, driving some banking shares lower.

Ancient Greek well yields rare wooden statue

Archeologists in Greece have uncovered a rare wooden statue preserved in the muddy depths of an ancient well in Piraeus, the port of Athens.
A Culture Ministry statement said Tuesday that the roughly half-meter (20-inch) high dressed male figure was found... ...

Turkey to continue seismic surveys, Davutoglu says

As Nicosia threatened to block Turkey's EU membership talks over a violation of its exclusive economic zone (EEZ) by a Turkish survey vessel, Turkish Prime Minister Ahmet Davutoglu announced that gas exploration activities off the island's southern coast would continue.

Greece's NBG says Turkish unit to issue new shares

Greece's biggest lender by assets National Bank said on Wednesday its Turkish unit Finansbank has submitted a plan to capital market authorities to raise up to 715 million Turkish lira (318.91 million US dollar) via an issue of new shares.
NBG aims to red... ...

Prudential holds on to shorter-maturity Greek bonds amid selloff

Prudential Financial Inc. held on to its Greek government bonds that are due in five years or less even as the nation’s securities last week dropped the most in a year.
There’s a good chance the market has already priced in most of Greece’ bad news, accor... ...

Taprantzis resigns from privatization agency TAIPED

Andreas Taprantzis has stepped down as executive director at Greece's privatization agency TAIPED, a statement said Wednesday.
The reasons for his resignation were not made public.
TAIPED said Taprantzis's resignation will go into effect on November 1st, ... ...

Cyprus threatens to block Turkey's EU bid

Cyprus threatens to block Turkey's EU bid

NICOSIA -- Cyprus has announced that it will prevent Turkey's progress in the negotiations for EU membership.

The reason is Turkey's search for natural gas in the same undersea area of Mediterranean.

Bulgarians Are Among People Who Hate Their Government

Bulgarians are among the peoples in the world who really hate their government.

According to the Global States Of Mind Gallup survey, 87% of Bulgarians disapprove of their leadership. This ranks the country second in the world after Bosnia and Herzegovina, where only 8% of the population approves the leadership.

Archaeologists find missing head of Amphipolis sphinx

Archaeologists digging at a tomb dating to the era of Alexander the Great in ancient Amphipolis in northern Greece have found the missing head of one of the two sphinxes guarding the entrance of the grave.

According to a statement yesterday by the Culture Ministry, the head, which was found inside the tomb’s third chamber, belongs to the statue on the eastern side of the entrance.

Coalition leaders prepare for troika amid sour mood

A dispute between New Democracy and PASOK over civil servants’ salaries continued Tuesday, underlining the big task facing Prime Minister Antonis Samaras and Deputy Prime Minister Evangelos Venizelos as they prepare to meet Wednesday to discuss the government’s strategy ahead of the troika’s return to Athens.

At Defense Ministry, Tsipras assures policy continuity

Continuity in Greece’s defense policy will not be disrupted if SYRIZA were elected in government, leftist opposition leader Alexis Tsipras said on Tuesday after a marathon meeting at the Defense Ministry.