Latest News from Greece

Last Section of Sofia Ring Road's Western Arc to Be Officialy Launched

The Western arc of the Sofia Road will be complete as of Tuesday, with a 2 km stretch that was in construction to be unveiled and opened for use.

The 5.5 km stretch begins from the bridge over the Kakach river to the crossroads of the Western arc with the Northern Speed Tangent.

Talks with Troika start Wednesday on Labour matters

The start of talks between the Greek Labour Minister, George Katrougalos and the country’s creditors (Troika) on Wednesday, are highly anticipated, as the Greek Minister has made it explicitly clear that Greece would not budge on the issues of massive layoffs, lock-outs, defending the right to strike and wages.

Greek side and Troika disagree over Private Assets Fund

Greek Finance Minister Euclid Tsakalotos and Minister for Economy George Stathakis will meet with the three representatives of the country’s lenders, Tuesday, in an effort to hammer out a final agreement on the implementation of the 15 prior actions Greece has to fulfil in order for the Troika to releases the 2.8 billion tranche and for the second review of the Greek program to be co

Albanians Dispute New Pipeline Compensation Rates

Four families in Albania have submitted complaints to the European Investment Bank, EIB, over the low level of compensation they have been offered from TAP representatives for the displacement of their properties as a result of building the pipeline.

Sculptures show sponsorship existed in ancient times

Artifacts unearthed during archaeological excavations in the ancient city of Aigai in the western province of Manisa have revealed that the history of sponsorship goes back at least some 2,200 years. 

Pessimism over the economy is up

The vast majority of Greeks are particularly pessimistic, a survey by Nielsen has found, as 82 percent of respondents said that Greece will remain mired in economic recession next year.

The finding concerns the second quarter of the year and is 2 percentage points above the rate recorded in the first quarter (80 percent).

Crackdown on foreign-plated cars

Monitoring authorities have recently turned their spotlight on vehicles circulating in Greece with foreign plates, as in the last few months the phenomenon of Greeks choosing to register their cars in other countries to avoid excessive taxation has grown considerably.

September to be crucial for tourism revenues

More than 3 billion euros are expected to flow into the Greek economy over the September-October period thanks to an upturn in tourism numbers at the country's popular destinations. The rise in last-minute bookings observed since July is generating expectations for an improvement in the course of tourism revenues after a negative first half of the year compared with 2015.

Thasos fire still raging; five firemen injured

A wildfire that has engulfed parts of the Greek island of Thasos and left five firemen injured, raged for a third day Monday, burning through some 10,000 hectares of forest.

The fire, which is believed to have been sparked by lightning on Friday evening, has also destroyed at least eight homes and dozens of farm buildings, while hundreds of livestock died from smoke inhalation.

Greek pupils start new academic year

Pupils attend a ceremony on the first day of the school year in Athens, on Monday. Schools all over Greece start their academic year this week. [Yannis Kolesidis/EPA]

Bulgaria's Exports Grew 4% in 2015 - Final Data

Bulgaria exported BGN 44.949 M worth of goods last year, the National Statistical Institute (NSI)'s final data shows.

The figure constitutes an increase of 4% compared to the previous year.

The highest growth in exports was observed in March (24.4%), the largest fall having been in September (7.5%).

Bailout inspectors back in Greece as reforms delayed

Inspectors from Greece's bailout creditors have returned to Athens as the Greek government faces calls to speed up the implementation of economic reforms so it can get more rescue loans.

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