Latest News from Greece
Greece to assist search for remains of Turkish pilot
Greece is prepared to provide assistance in the search for the remains of a Turkish pilot who reportedly died after a Turkish F-16 fighter jet crashed near the Aegean island of Chios in 1996, Turkish media reported on Wednesday.
Bad weather leaves northwest town powerless
Large parts of the town of Ioannina, in northwest Greece, were left without electricity on Wednesday morning after snowfall in mountainous areas and heavy rains that hit the region led to disruptions in the operations of the Public Power Corporation's local network.
Stormy weather expected in northwest, central Greece
The Hellenic National Meteorological Service (www.hnms.gr) on Wednesday issued a warning of a shift in warm weather starting in the northwest of the country with rain, thunderstorms as well as snow in mountainous areas.
Bulgarians to Spend Easter Holidays in Greece, Italy, Croatia
Bulgaria's tourist business does not expect significant influx of visitors for Easter, as traditionally, most Bulgarians prefer to spend the holiday at home.
Kremlin threatens gas supplies to Southeast Europe
Kremlin threatens gas supplies to Southeast Europe
Several nations receive Russian gas via Ukraine. In other business news: Albania's credit rating sees improvement and Turkey's military spending surpasses Canada.
The EU says Russia should not politicise its contractual shipments of gas. [AFP]
IBM to open new center in Athens for big data analytics
International technology giant IBM is moving ahead with the creation of a new corporate data analysis center in Greece, aimed at providing solutions and strengthening the competitiveness of companies active in the country as well as the broader region.
Supermarket chains sense worst is yet to come
By Dimitra Manifava
Supermarket chains in Greece fear that the worst is yet to come for the sector, expecting the price war to escalate to such an extent in the next few months that some will be forced to shut down completely or be bought out cheaply by their competitors.
Cost of borrowing via T-bills drops to pre-bailout levels
By Sotiris Nikas
The yields of the 13-week treasury bills Greece auctioned off on Tuesday returned to levels not seen since before the country asked for a bailout in 2010, declining to 2.45 percent from 3.10 percent in March in a sure sign that the successful five-year bond issue last week has set T-bill rates on a new basis.
Eurobank reaps major investor interest
Fairfax, Capital Research and Management, Wilbur Ross, Fidelity, Mackenzie and Brookfield to get shares
By Yiannis Papadoyiannis
PASOK plays down coalition row over scheme for homeless
PASOK remained tight-lipped on Monday about a row that broke out with its coalition partner, New Democracy, late on Monday after Prime Minister Antonis Samaras announced the creation of homeless shelters without consulting with the Socialist party.
Fundamental contradictions
The deep division running through the ranks of the countrys main opposition party regarding the euro and how Greeces negotiations with its partners and creditors ought to be carried out is very dangerous indeed.
The crisis which continues to be felt by both Greece and the entire European Union demands responsible and serious political and economic decisions.
Greece's new public sector wage structure ready in September
A new wage structure for civil servants will be ready in September, Administrative Reform Minister Kyriakos Mitsotakis said on Tuesday.
The new scheme will contain financial incentives for public sector workers who meet productivity targets but will also mean wage reductions for some.
Release for 2 more guards detained after Kareli's death
Two more guards from Nigrita Prison who had yet to face a prosecutor in connection to the deadly torture of inmate Ilie Kareli were released on Tuesday after giving their depositions.
One of the two was bailed, the other was granted unconditional release.
May strike at private schools
Teachers at private schools in Greece are to stage a rare strike on Wednesday, May 14, followed by work stoppages on May 21 and 22 at junior and senior high schools only.
European Parliament polls about stability, says PM
Prime Minister Antonis Samaras presented New Democracys candidates for the May 25 European Parliament elections on Tuesday and unveiled the conservative partys main strategy for the upcoming electoral contest, which will be to argue that a vote for SYRIZA will put Greeces economy recovery at risk.