Latest News from Greece

Eurostat to confirm the size of 2013 primary surplus

By Sotiris Nikas

Eurostat is expected on Wednesday to ratify the 2013 primary budget surplus, which will serve as the trigger for the further lightening of the Greek debt. The announcement will be the focus of Thursday’s Euro Working Group along with the presentation of a new growth plan for the Greek economy aimed at changing conditions in the country.

Enel applies to explore for oil and gas in Greece

Italy’s Enel has sought permission to explore for oil and gas in Greece, the Greek government said on Tuesday.

Enel has expressed interest in three onshore areas in the western part of the country, Greece’s Energy Ministry said, adding it would duly decide on the Italian company’s application.

American woman hurt by firework still critical

A 51-year-old American woman who suffered serious stomach injuries during Easter celebrations on Saturday night when a large firecracker was thrown into a church courtyard on the island of Santorini remained in critical condition on Tuesday in the intensive-care unit of a hospital in Iraklio, Crete, but doctors said her condition was improving.

Greece lines up tax cuts

Greece is set to ask its eurozone partners when the Eurogroup meets on May 5 for permission to gradually reduce corporation tax rates as part of a wider plan to generate growth in Greece, Kathimerini understands.

Greece's ex-FinMin says IMF did not demand debt relief

Former Finance Minister Giorgos Papaconstantinou issued a statement on Tuesday denying claims that the International Monetary Fund’s ex-Managing Director Dominique Strauss-Kahn had insisted that the Greek debt be restructured as part of the bailout deal signed in May 2010.

Six Roma brothers held over gun attack that injured 2 minors

Six Roma brothers aged 24 to 38 were arrested in Karditsa, central Greece, on Tuesday on suspicion of attempted murder.

The men are alleged to have fired two shotguns at people in another Roma camp.

Seven people, including a 2-year-old child and a 16-year-old, suffered minor injuries in the attack.

Opening chapters 23 and 24 "vital for reforms"

Opening chapters 23 and 24 "vital for reforms"

BELGRADE -- The opening of Chapters 23 and 24 is important for the entire reform process in Serbia, said Tanja Miščević, Serbia's chief negotiator in EU accession talks.

Greece moves to tighten prison furloughs

Greece moves to tighten prison furloughs

Terrorism convicts will face a 20-year wait for the opportunity to be conditionally released, according to a newly proposed law.

The Korydallos high-security prison in the outskirts of Athens has experienced a series of security breakdowns. [AFP]

Reds and Greens stay alive in Euroleague

By George Georgakopoulos

Easter – and home advantage – worked wonders for Panathinaikos and Olympiakos who stayed alive in the Euroleague play-offs beating CSKA and Real Madrid respectively on Monday in Greece.

EDF stuns local energy market with plan for strategic PPC entry

By Chryssa Liaggou

French energy giant Electricite de France (EDF) expressed last week its interest in the privatization of Greece’s Public Power Corporation (PPC), just as the government is poised to sell off part of the electricity company under a scheme dubbed “Small PPC.”

Eurobank and National eager to tap markets

Eurobank and National are rushing to make the most of the favorable climate for Greece in global markets, as the former is beginning the process of its share capital increase this week and the latter is expected to open the book for its new five-year bond on Tuesday.

Coalition aims for surplus boost

The European Commission’s statistical arm, Eurostat is expected to confirm on Wednesday the size of Greece’s 2013 primary budget surplus, which the government hopes will further boost its argument that it made the right decision to stick with the fiscal adjustment program agreed with the eurozone and International Monetary Fund.

One dead and several injured in Easter celebrations

One Cretan man was killed, a man from central Greece suffered hand injuries and an American visiting Santorini was hospitalized in an intensive care unit following over-exuberant Easter celebrations in various parts of the country.

Fatal MERS virus carried to Greece from Saudi Arabia

Authorities found on Monday an Athenian taxi driver who picked up a passenger arriving from Saudi Arabia on Thursday while suffering from a rare respiratory disease that has killed dozens.

Researchers highlight link between cuts and suicides

There has been a direct link between fiscal austerity and a sharp rise in male suicides in Greece, according to research carried out by academics at the University of Portsmouth in the UK.

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