Latest News from Greece

Consumer price inflation slows to 0.5 pct in January

Greece's annual EU-harmonised inflation rate slowed in January, statistics service ELSTAT data showed on Thursday.

The reading was 0.5 percent from 0.6 percent in December.

The data showed the headline consumer price index also decelerated to 0.4 percent year-on-year from 0.6 percent in the previous month.

Varoufakis says Kammenos supported return to drachma in 2015

Former finance minister Yanis Varoufakis claimed on Thursday that former coalition partner Panos Kammenos was in favor of Greece's return to its national currency during the tumultuous first year of the SYRIZA-led government term.

Tourist Exhibition "Vacation and SPA Expo" in Bulgaria Begins

Tourism Minister Nikolina Angelkova will open the biggest tourist event in Bulgaria - the international exhibition "Vacation and SPA Expo", Econ.bg writes. 

During the three days of the exhibition 380 companies from 25 countries participated with representative stands.

Greece offers condolences over North Macedonia bus crash

Greece's foreign ministry expressed its condolences over the deadly bus crash in North Macedonia on Wednesday night that killed 14 people and injured dozens more.

"Deeply saddened by tragic road accident on the Skopje-Tetovo highway. Our thoughts go out to the victims' families and loved ones," the ministry said in a tweet.

North Macedonia starts formally enforcing name change

A woman walks between a Greek border landmark and a new signpost for North Macedonia at the Evzones border crossing on Wednesday. After the ratification of the Prespes deal and a NATO accession protocol, authorities in the Balkan country are now formally implementing the name change, and will be adjusting road signs, passports and car license plates over the coming months.

Ferry services suspended due to strong winds

Passenger ferries remained docked in ports around Greece on Thursday, cutting off connections between the islands and the mainland, as a new cold front swept across the country, bringing rain, snow and gale-force winds.

There were no ferry services from the main ports of Piraeus, Rafina or Lavrio.

The cost of reality

History is littered with all manner of what-ifs, which remain unanswered and are only discussed by historians and armchair pundits.

I was thinking the other day how different things would have turned out for Prime Minister Alexis Tsipras and Greece if he had been wiser in his selection of coalition partners and government officials from the outset.

Backward at full speed

The historical record of Greece's leftist administration can be perfectly summed up in its education policy.

The ruling SYRIZA leftists showed their true face in a sector that slips under the radar of the country's foreign lenders: In what marked a major rollback on reform, the government brought universities back to the status of 1982.

Gang behind murder of businessman is identified

The Greek Police announced on Wednesday that it has identified the men who murdered 52-year-old businessman Alexandros Stamatiadis in April last year.

The men are members of a criminal gang that has carried out an estimated 55 robberies and burglaries in Attica, the Peloponnese and central Greece.

Valentine's evening out in Athens costs almost 70 euros

Valentine's Day is an important time of year not only for lovers in Greece but also the businesses where they spend money to celebrate.

A survey by German firm Movinga found that Athens ranks fairly high in terms of costs for a typical February 14 evening out.

Among the world's most expensive cities for Valentine's Day, Movinga placed the Greek capital 58th.

Police bust drug ring operating in Attica

A gang that had been distributing large quantities of drugs across Attica has been unraveled after a string of raids around the country on Monday and Tuesday, police said on Wednesday.

A total of 21 people have been arrested -mainly Greek and Albanian nationals.

Stathakis stands firm on ADMIE realizing Crete-Attica connection

The government insists on proceeding with the power interconnection of Crete and Attica without European Commission co-funding. This is made clear in a letter from Energy Minister Giorgos Stathakis to Energy Commissioner Miguel Arias Canete, dated January 30.

Foreign investors keep upper hand at bourse

Foreign investors accounted for more than half of total trading activity on Greece's stock market last year, executives at stock and futures operator Hellenic Exchanges said on Wednesday.

Greek equities fell 23.6 percent in 2018, a tough year in which banks took a beating. But mid-cap shares bucked the downtrend for a second straight year.

Cash forgers targeted importers, tourism

Seven men have been arrested in northern Greece after police seized bundles of fake US $100 bills stashed in a warehouse with a total face value of $200,000.

The suspects, all Greeks, aged 40 to 64, include a retired print shop worker.

Three more men are wanted for questioning.

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