Latest News from Greece

Southern Greece Shaken by 5.6 Earthquake

An earthquake of magnitude 5.6 on the Richter scale shook southern Greece on Friday night.

The quake was registered at 11:08 pm local time, with an epicenter 25km east of the island Hydra and 78km south of the capital Athens, the Athens Geodynamic Institute said. There are no initial reports of damages or injuries.

Tremor rattles Greek island Hydra, felt in Athens [Update]

A moderate tremor rattled the island of Hydra in Greece's Saronic Gulf on Friday night.

The earthquake struck at 11.08 p.m. and was felt in Athens. Hydra is 85 kilometers southwest of the capital's main port, Piraeus.

Industrialists warn against energy measure delay

The head of Greece’s industrialists sent a warning signal on Friday regarding the critical state of Greek industry, which he said will be further aggravated as long as the implementation of measures to reduce energy costs are delayed.

Questions raised by Moody’s stance

 Agency chose not to revise Greece’s credit rating, retaining the country’s ‘selective default’ status

By Sotiris Nikas

Moody’s rating agency may not have changed its rating for Greece on Friday, but the markets did not appear inclined to wait for its announcement to display their own confidence in the country’s economy.

Merkel upbeat on Greece trip

Chancellor Angela Merkel will meet Greek Prime Minister Antonis Samaras in Athens on Friday afternoon, her spokesman Steffen Seibert said Friday while also expressing the German leader’s “admiration” for Greek efforts.

Athens rivals clash over mosque referendum idea

New Democracy’s candidate for Athens mayor, Aris Spiliotopoulos, on Friday hit back at criticism from leftist parties over his pledge that he will hold a referendum on building a mosque in the Greek capital should he win May’s municipal election.

Papandreou speaks about Greece's 2010 loan request

Former Prime Minister George Papandreou revealed on Friday that he had asked Greece’s lenders to offer the country its first bailout package at a lower interest rate but his request was refused.

Eight guards to face magistrate over inmate death at Greek jail

Eight prison guards from Nigrita jail in northern Greece are due to appear before a magistrate on Saturday as part of the investigation into the death of inmate Ilie Kareli, who was found dead in his cell a few days after stabbing a prison officer to death.

A total of 15 people have been charged with beating and torturing Kareli, causing his death.

Retail sales in Greece slide 1.9 pct in January

Greek retail sales by volume fell 1.9 percent in January from the same month last year, statistics service ELSTAT said on Friday.

The reading had dropped at an annual pace of 6.1 percent in December.

Dimitrov Takes Davis Cup Lead for Bulgaria in Athens

Bulgaria took a 1:0 lead over Greece in Davis Cup tennis, after Grigor Dimitrov defeated Markos Kalovelonis 6:3, 6:3, 6:0.

The world number 15 Bulgarian took just over an hour and a half to beat his Greek opponent, ranked 690th, and take the lead for his country in Athens. Dimitrov did not lose a single service game along the way.

Balkans Rank Midway in Social Progress League

A new report rates Western Balkan countries midway in the world when it comes to quality of life and social progress.

The Social Progress Index 2014 Report rated a total of 132 countries using more than 50 indicators.

Romania Reports Decline in Human Trafficking

Some 876 cases of human trafficking were officially reported in Romania last year, which was down on the figure for 2012 but showed that the problem persists, officials say.

EU approves three digital investments

By Eleni Varvitsioti

The European Commission said on Thursday that it has approved three significant investments to help get Greece thoroughly into the digital age with money from the European Regional Development Fund totaling 389.4 million euros.

Five-year bonds likely to be issued as early as next week

 Moody’s is expected to upgrade Greece’s credit rating on Friday

By Sotiris Nikas

Athens is set to officially announce its return to the money markets with the issuance of a five-year bond for an estimated 2-3 billion euros. Sources also suggest that the announcement could come after a likely credit rating upgrade by Moody’s over the course of Friday.