Latest News from Greece

Greek public sector union holds 24-hour strike on Thursday

Greece's largest public sector union, ADEDY, will stage a 24-hour walkout on Thursday to express solidarity with teachers who have staged a series of protests over the past week against government plans to make changes to the system of public sector hirings.

Power consumers to pay for lack of coordination in gas supply

Greece's natural gas network is facing a crisis stemming from the lack of coordination and communication between the competent authorities, at a time when it has to meet record demand for power production and gas supply for heating due to the prolonged cold weather.

Moscovici in Athens as concerns grow in Brussels

European Commissioner for Economic Affairs Pierre Moscovici is on Wednesday expected to convey to Athens the growing concern in Brussels, as Greece's creditors see no progress in the implementation of the country's post-bailout commitments.

OECD expects a slowdown in Greece

The Greek economy is set to experience a slowdown in the next six to nine months, according to the projections of the Organization for Economic Cooperation and Development (OECD), which also ranks Greece among the countries with the highest tax loads.

Potami MP accuses gov't of exploiting Prespes deal

To Potami lawmaker George Mavrotas on Tuesday suggested that the leftist government was using the Prespes deal to extract support in a confidence vote set for Wednesday.

Brussels allows Greece to put off plant deadline

The European Commission has allowed Greece's Public Power Corporation (PPC) to postpone to late January a deadline for binding bids for three coal-fired plants, an Energy Ministry source said on Tuesday.

EastMed deal to be 'signed in a few weeks'

Israel's Energy Minister Yuval Steinitz said on Monday his country was hoping to sign a deal for the construction of the 2,000-kilometer EastMed pipeline, which will cross from Israel and Cyprus into Greece and Italy, "in a few weeks' time."

Jumbo sales rise 7.6 pct in H2 2018

Toy and homeware retailer Jumbo on Tuesday reported group sales of 476.7 million euros in the July-December 2018 period, up 7.6 percent on the same period in 2017.

This was mainly thanks to the 30 percent jump in sales in Romania and the 9 percent increase in Bulgaria, while sales rose 1 percent in Greece and 2 percent in Cyprus.

FYROM foreign ministry dismisses Russian criticism of name deal

The Foreign Ministry of the Former Yugoslav Republic of Macedonia (FYROM) on Tuesday dismissed Moscow's criticism of the deal to resolve the name dispute between Athens and Skopje.

"The Prespes agreement does not interfere with the interests of third countries," the ministry said in a statement.

Two charged over fatal prison stabbing

Two inmates appeared before a prosecutor on Tuesday, under tight security, over the murder of fellow inmate 36-year-old Albanian national, Arber Bako, in Korydallos Prison in Athens on Monday.

The two suspects, a 33-year-old Albanian and a 24-year-old Greek, are charged with murder and illegal arms possession.

Creditors, analysts express worries

Financial analysts are expressing worries that the prospect of a general election could lead to a fiscal derailment with stagnation, if not backtracking on reforms, given the departures of some government officials from the ruling coalition who belong to the Independent Greeks party.

ANEL departure seen as positive

Greece's partners and allies regard the departure of Independent Greeks (ANEL) from the government coalition and the shake-up of the political landscape in this country in a positive light.

Greek PM set to scrape through confidence motion

Greek Prime Minister Alexis Tsipras made an impassioned appeal to Parliament for support on Tuesday, the eve of a confidence vote he is expected to survive by a whisker with the backing of a handful of opposition lawmakers.

Macedonia Step Toward Joining NATO

Macedonia, which was created when Yugoslavia broke up, was invited to join the alliance in 2008, but its membership was vetoed by Greece, which already has its own province named Macedonia.

Athens claimed that the name made it sound like Macedonia the country has its eyes set on annexing Macedonia the province — or at the least was appropriating Greece's historical heritage.

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