Latest News from Greece

Greece to pay off loans from IMF early

As long expected, Greece will pay off early its high-interest loans from the IMF.

The date that has been set is 25 November and the amount is 2.8bn euros.

Μάνδρα : Συγκλονίζουν οι μαρτυρίες των κατοίκων, δύο χρόνια μετά

The move was approved by the Board of the ESM and the Governing Board of the IMF.

One in four unaccompanied child-migrants live on the street

Shocking data have emerged from a recent study of unaccompanied child migrants entitled "Children as prey: Exclusion and exploitation of unaccompanied child-migrants in Greece, Italy, and Spain".

Man dies after being hit by train near Soufli

A man believed to be an undocumented migrant died on Saturday morning after being hit by a train en route to Ormenio from Alexandroupoli in northeastern Greece.
The incident occurred near the town of Soufli, close to the Turkish border, with authorities suspecting that the man had slipped into Greece through the Evros region.

The contribution of Albanians

The contribution of Albanians and ethnic Greeks from Albania to the Greek economy is indisputable. The big migration wave of the 1990s revitalized almost all professions and remains a decisive factor in the country's economic development. Greece gained capable blue-collar workers and laborers who, with their dedication and hard work, continue to contribute to the country and create wealth.

Police to enforce 'special plan' for 1973 anniversary

More than 5,000 police officers will be on duty on Saturday and Sunday for events commemorating the 46th anniversary of a student uprising against Greece's junta amid simmering tensions following a series of raids on squats as well as a standoff earlier this week between police and students at the Athens University of Economics and Business.

Dominant Greece beats Armenia through a Limnios goal

Dimitris Limnios' debut goal for Greece gave the national team a 1-0 win at Armenia on Friday for the Euro 2020 qualifiers, to lift it up to third in its pool, albeit without any hopes of qualifying.

Sweet and savory snacks are food industry’s driving force

Could chips, cookies and croissants constitute a field of fertile investment opportunities both inside and outside of Greece for local companies? Data show that - not just in Greece but around the world - sweet and savory snacks are the driving force of the food industry.

Central banker reveals plan to resolve NPLs not covered by Hercules

The Bank of Greece will activate a plan to resolve the 60 pct of nonperforming loans (NPLs) not covered by the "Hercules" plan proposed by the government, bank governor Yannis Stournaras revealed while speaking at the Thessaloniki Summit 2019 on Friday evening.

Proper consultation

This time the debate on the tax bill is not taking place in a ceremonial fashion - simply because public consultation is required by law.
This time around, the consultation seems genuine.
The New Democracy government is reportedly already improving its proposals after taking into consideration citizens' comments and objections. Only good can come of this procedure.

Mitsotakis vows to support Zaev if Prespes deal honored

Greek Prime Minister Kyriakos Mitsotakis on Thursday essentially offered his support to North Macedonia Premier Zoran Zaev and his country's effort to unstick its stalled bid for European Union accession talks but emphasized that Skopje would have to honor the terms of the Prespes name deal. 

Italgas to enter Greek market

Italy's biggest natural gas distribution company, Italgas, is on the verge of entering the Greek market.

Kathimerini understands that Europe's third largest gas distributor is very close to reaching an agreement with fellow Italian Eni Gas e Luce for the acquisition of the latter's portfolio in the Greek gas grid.

Xi’s visit seen deepening Greek-Chinese ties

Chinese President Xi Jinping's state visit to Greece has opened up more promising prospects for the two countries' friendship and win-win cooperation, according to Greek officials and observers.

American IS repatriated from Turkish-Greek border

Turkey's interior minister says an American Islamic State group suspect who was stranded in a no man's land between Greece and Turkey, has been deported to the United States.
Suleyman Soylu said Friday the man was put on a plane "a short time ago."

Greece unveils Macedonia trademark

Greece has unveiled a new logo and brand identity to be used for all products made in its Macedonia region. The trademark combines a blue-and-white logo with the motto "Macedonia the Great" - a reference to ancient warrior king Alexander the Great.