Latest News from Greece

A recession cure? Florina man builds, markets his own kit plane!

Here’s a stellar example of extreme innovation and a start-up spirit in the face of a punishing economic crisis: a local man in Florina, northern Greece, has built his own kit airplane!

The rear-propeller driven “Archon SF1” is the product of …thousands of work-hours and 3,000 modifications from the initial design.

President Nikolic warns of danger posed by "Greater Albania" plans

President Nikolic warns of danger posed by "Greater Albania" plans

The latest terrorist attacks in the region "confirm fears that creators of the so-called Greater Albania are not resting,president of Serbia Tomislav Nikolic has said.

More than 1.7 million tourists within 2015′s first quarter

More than 1.7 million tourists visited Greece within the first quarter of 2015. According to the BoG tourism rose by 45.6% compared to the same period in 2014.

 

Tourism income rose by 12.8% compared to 2014′s first quarter, reaching 532 million euros.

Greece to keep repaying creditors as long as it can: Official

Struggling Greece will keep on repaying for as long as it can its EU-IMF creditors, who have demanded reforms and withheld release of the country's remaining bailout funds, a spokesman said on May 25.

"To the extent that we are able to pay, we will keep on repaying these obligations," government spokesman Gabriel Sakellaridis told reporters.

Finance Ministry lines up changes to car taxation

The Finance Ministry has announced plans to change the way that cars are taxed in Greece, creating what it says will be a ?fairer? system.

According to the ministry?s statement, vehicles will be taxed according to their retail price rather than engine size, as is currently the case.

Euro weakens on Greece as emerging stocks, Spanish bonds decline

By Emma O?Brien & Nick Gentle

The euro weakened after Greece told creditors to lower demands that are holding up bailout funds. Emerging-market stocks fell as speculation grew the U.S. was moving closer to raising interest rates, while Poland?s zloty slid to a two-month low and Spanish markets dropped.

Ancient Greek Sandals joins forces with Lalaounis Jewellers (photos)

Christina Martini worked with famous fashion houses such as Missoni, Balenciaga and Louis Vuitton before deciding to combine her life for Ancient Greece with shoe design to create Ancient Greek Sandals. Inspired by antiquity she created innovative designs that have rapidly grown to become must-haves for international celebrities.

Alt. FM N. Chountis stresses need for comprehensive deal with lenders

Alternate Foreign Minister for European Affairs Nikos Chountis stressed the need for a comprehensive agreement with partners and Greece’s international creditors during statements he made to private MEGA TV on Monday. He added that this deal should also include debt reduction.

Greece to question Syrian over Turkey-bound bullet haul

Greek investigators were to question May 25 a Syrian caught trying to sneak tens of thousands of bullets into Turkey, a police source said.    

The 28-year-old man was detained over the weekend at the Kipi customs post in Evros, the northernmost part of Greece, after police foud parcels of bullets concealed in special caches in his car.    

Bulgaria, Turkey, Greece to Ink Agreement on Joint Contact Center, Border Patrols

Bulgaria, Turkey, and Greece are to sign Monday an agreement on a common contact center and joint border patrols.

The interior ministers of Turkey and Greece are to arrive in Sofia for the signing ceremony, according to reports of Bulgaria's Interior Ministry, as cited by dnevnik.bg.

Brussels Group talks to resume Tuesday with VAT, pension topping agenda

Negotiations between Greece and its lenders are due to resume via the Brussels Group on Tuesday.

The two main issues that the technical teams have to tackle are value-added tax and pension reform.

On VAT, the institutions propose that there should be two rates, one at around 23 percent and another at 10. Greece has proposed three rates: 23, 14 and 7.

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