Latest News from Greece
ATHEX: Bourse reacts to four days of contraction
The Greek stock market reacted after four consecutive sessions of decline to post significant gains on Tuesday, and on notable trading volume too. Traders appear to have taken for granted that DBRS Morningstar will this Friday restore Greece's investment grade rating, and if that does not materialize the bourse will likely take a nosedive as of Monday.
Off The Hook | Athens | September 8-9
The two-day Off The Hook festival dedicated to hip-hop culture returns on September 8-9. Prominent artists from Greece, Europe and the United States are set to converge for an unforgettable event that pays homage to the hip-hop scene. Slated to perform and Psycho Realm, Kool G Rap and Bloody Hawk, among many others. For tickets and details, visit Viva's more.com.
Floods in Greece: Authorities Warn to avoid Travel
Serious floods in Greece. One person died and hundreds of houses and roads were flooded in the central city of Volos.
The torrential rain and thunder in the area did not stop for 10 hours. On the island of Skiathos, the water swept away cars, flooded houses and hotels. In the Ilia district, hail destroyed the entire crop of the farmers.
Wildfires claim 60% of Evros’ olive trees
The environmental disaster created by the wildfires in Evros in northeastern Greece has by default also dealt a dizzying blow to the region's agricultural economy.
It is estimated that 130,000 olive trees, which amounts to 60% of the total 200,000, hundreds of beehives and thousands of productive animals, mainly sheep and goats but also cows, have been burnt.
Residents record flooding, destruction in Volos, Mount Pelion amid severe storm
Local residents and tourists in the city of Volos and Mount Pelion were posting photos and videos of the destruction caused by the severe thunderstorm sweeping central Greece since Monday night.
One video filmed in the village of Agios Ioannis, in the eastern coast of Mount Pelio, showed a car being swept into the sea.
Turkish-Greek ties enter into a new, positive era: Fidan
Alamy Photo
Turkish Foreign Minister Hakan Fidan has stressed that ties between Türkiye and Greece have entered into a new and positive era following the elections in both countries, informing that the two neighbors will work on a road map that envisages talks on resolving problems stemming in the Aegean Sea.
Turkish and Greek foreign ministers agree to revive talks and seek ‘new approaches’
Foreign Minister Giorgos Gerapetritis and his Turkish counterpart, Hakan Fidan, have agreed to revive high-level contacts between their countries and seek "new approaches" to problems as part of efforts to improve ties between the two NATO allies who are at loggerheads over a string of decades-old disputes.
Police orders traffic ban in Magnesia as severe rainstorm triggers flooding
Greek police ordered vehicles off the streets of the central town of Volos and the nearby mountain region of Pilion on Tuesday as a severe storm hit the area, turning streets into flooded torrents.
The ban, which covers all except emergency services and roadside assistance vehicles, will remain in place until the storm subsides, police said.