Latest News from Greece

Omnibus bill to boost economy

The government has introduced a number of measures aimed at improving the business environment in Greece with the aim of attracting more investments that would help the economy to start growing more robustly.

PM outlines challenges, achievements at Athens Democracy Forum

Prime Minister Kyriakos Mitsotakis is confident that Greece will be able to deal with Turkey's increasingly aggressive behavior in the Aegean and off the coast of Cyprus thanks to its "strong" alliances and foreign policy, while he also feels that the Turkish operation in Syria risks "adding another source of instability in an already unstable part of the world."

Industrial production falls 0.6 pct in August y-o-y

Greece's industrial output fell 0.6 percent in August compared to the same month last year, after a revised 1.7 percent drop in July, statistics service ELSTAT said on Thursday.
The index components show that manufacturing production rose 0.1 percent from the same month in 2018, while mining output decreased 23.1 percent.

Greece’s first crematorium opens on island of Evia

Fifteen years after cremations were legalized in Greece, the country's first such facility has opened in Ritsona on the island of Evia, and has already carried out 15 cremations.

Licensed in the summer of 2018 and inaugurated on September 30, the private venture is 70 percent owned by Crem Services SA. The nongovernmental Greek Cremation Society (GCS) holds a 30 percent stake.

NATO chief visits Athens

NATO Secretary-General Jens Stoltenberg lays a wreath at the Tomb of the Unknown Soldier in Athens on Thursday. During a meeting with President Prokopis Pavlopoulos at the Presidential Mansion, Stoltenberg applauded Greece for spending 2 percent of its GDP on defense, while hailing the country's contribution to NATO's land and sea operations.

Kurds march in Athens against Turkish offensive in Syria

Kurds living in Greece march outside the Parliament building during a demonstration against Turkey's military action in northeastern Syria, in Athens, Wednesday. [Costas Baltas/Reuters]

Bulgaria and Eleven more European Countries Join EU Road Safety Project

Twelve European countries, including Bulgaria, join forces in a new project financed by the EU to exchange ideas aimed at improving road safety. There are significant differences of the road safety indicators in the EU member states, BNR reported.

The Bulgarian Economy Is the Most Competitive in the Balkans

The Bulgarian economy is ranked 49th in the global competitiveness ranking according to the World Economic Forum (CIF) ranking. In 2019, Bulgaria climbs two positions in the prestigious ranking, comprising 141 countries worldwide. The country's score is 64.9 points.

Milestones and challenges

The fact that Greece was able to sell treasury bills with a negative yield for the first time is a major milestone which carries significant symbolic weight.

Lamda hopes to start huge development at former Athens airport in January

Greece's Lamda Development hopes to secure all the necessary licences to start a huge development of luxury homes and offices at a disused airport site in Athens early next year, its top executive said on Thursday.
The former Elliniko airport, a sprawling site of disused runways, terminals and venues used for the Athens 2004 Olympics, has been abandoned for almost two decades.

Despite talks, migrant flows continue

Despite the ongoing talks on a Europe-wide and diplomatic level on how to assist Greece with the threat of a new crisis looming, migrant flows to the islands are continuing to rise, with 809 people having landed on their shores after traveling from the Turkey coast from Monday until Wednesday noon.

Greece condemns Turkish offensive in Syria, warns of humanitarian impact

Greece has condemned Turkey's unilateral offensive in northeastern Syria, calling it a "direct violation of international law," while warning that the operation could have serious humanitarian consequences.
In a statement on Thursday, the Foreign Ministry urged Turkey to halt its military operation, echoing the European Union position expressed on Wednesday.