Latest News from Greece

The uncertain landscape to the east

One of the Greek government's biggest problems is its inability to get a clear reading of Turkey's - or rather of President Recep Tayyip Erdogan's - intentions.

Late Liechtenstein equalizer stuns wasteful Greece

Greece's miserable run in the Euro 2020 qualifiers continued on Sunday when it was held to a 1-1 draw at home by a Liechtenstein side who had lost their previous five games in the group without scoring.

Rectors fear universities will be swamped due to transfers

Greece's university rectors are concerned about the repercussions of the previous government's higher education overhaul, which is expected to result in the transfer of thousands of students to the country's biggest universities, Kathimerini understands.

Alpha to follow Eurobank’s NPL example

Alpha Bank is working on a plan for the securitization of its nonperforming loans and their management by an independent company to which the lender's competent staff will be transferred.

Mitsotakis lays out economic, foreign policy priorities at TIF news conference

Greece will be the pleasant surprise of the Eurozone, Prime Minister Kyriakos Mitsotakis told a press conference today at at the 84th Thessaloniki International Fair (TIF).

He said that Greece will achieve its target for high growth rates and said that he did not espouse pessimistic forecasts concerning the global economy.

Drink driver seriously injures motorcyclist on Lefkada

A 24-year-old man was to face a prosecutor on Sunday on the island of Lefkada, just off the coast of northwestern Greece, after allegedly hitting a 43-year-old motorcyclist on Saturday evening with his pickup truck while under the influence of alcohol before fleeing the scene.

Drunk driver seriously injures motorcyclist on Lefkada

A 24-year-old man was to face a prosecutor on Sunday on the island of Lefkada, just off the coast of northwestern Greece, after allegedly hitting a 43-year-old motorcyclist on Saturday evening with his pickup truck while under the influence of alcohol before fleeing the scene.

PM heralds tax cuts, aims to regain country's credibility

In his first appearance as prime minister at the annual Thessaloniki International Fair on Sunday, Kyriakos Mitsotakis reiterated that his government will not seek an reduction of Greece's ambitious primary surplus targets until the country has regained its "political credibility." 

Construction on Mytilineos plant to start in October

Prime Minister Kyriakos Mitsotakis will lay the foundation stone for the first major private investment in Greece after the country's economic crisis on October 2, as implementation of Mytilineos SA's 300-million-euro investment in a new electricity production unit that will be fueled by natural gas gets under way at the Agios Nikolaos Energy Center in Viotia, central Greece.

PM: Greece to submit request on early IMF loan repayment this week

Greece's finance minister will submit an official request to his eurozone peers this week to repay a loan to the International Monetary Fund, Prime Minister Kyriakos Mitsotakis told reporters on Sunday.

"The relevant request will be submitted by the finance minister to the Eurogroup on Friday," Mitsotakis said.

Russian gas exports to Greece in decline

Russian gas exports to Turkey, Greece and seven other Southeast European nations fell by more than a quarter in the first half of 2019 as cheaper liquefied natural gas (LNG) and new Azeri supplies helped the region reduce reliance on Russia.

Greece must restore its credibility, prime minister says

Greece's prime minister says financial reforms such as reducing taxes, fighting bureaucracy and attracting investment must be implemented before the country asks its creditors to agree to lower budget surpluses.

Prime Minister Kyriakos Mitsotakis laid out his economic program for the coming year during a speech at the Thessaloniki International Fair on Saturday.

Greece’s Golden Visa program proving irresistible for investors

Greece has one of the most attractive programs for foreign investors to acquire property. A comparative study by Portuguese property service company Imovirtual showed that Greece's Golden Visa program for the provision of a five-year residence permit is the second cheapest in the European Union and the fifth cheapest globally.

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