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Despite UN efforts, quick Cyprus peace talks restart bleak

Despite UN efforts, quick Cyprus peace talks restart bleak The foreign minister of ethnically divided Cyprus offered a bleak outlook Thursday for resuming stalled peace talks any time soon even though a senior United Nations official affirmed the commitment of the world body’s chief to remain engaged in resolving one of Europe’s most intractable conflicts. […]

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Road deaths still high, despite drop

Road deaths still high, despite drop Although Greece has seen a decline in road traffic fatalities over the last decade, they remain high. Indicatively, deaths rose to 349 between January and July this year from 325 in the corresponding period of 2021, an increase of nearly 7%.  According to the European Commission’s official figures on […]

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Investment grade still possible next year

Investment grade still possible next year Despite the increased challenges, it remains possible for Greece to attain investment grade in 2023, analysts and economists estimate. The distance from this milestone may be short, just one step, but the path is full of significant obstacles and uncertainties: Apart from the 2023 elections, the energy crisis is […]

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Justice keeps moving at a snail’s pace

Justice keeps moving at a snail’s pace Despite all the promises of reform and the solemn declarations of successive officials that justice delayed is justice denied, that is exactly what’s happening with Greece’s justice system. It is not just the successive requests of trial postponements, usually made by lawyers who have to divide their time […]

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Gas rate concern for budget

Gas rate concern for budget Despite the slight decline in the international natural gas rates, the government is awaiting a European Union decision on whether to introduce a price cap. Otherwise, the state budget will be thrown off kilter, especially if the average August rate of 236 euros per megawatt-hour (MWh) returns. The draft budget was […]

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Alpha Bank: Economic climate, uncertainty and inflationary expectations in Greece and Europe

Alpha Bank: Economic climate, uncertainty and inflationary expectations in Greece and Europe Despite the strong inflationary pressures, the growth dynamics in the first nine months of 2022 based on the high impulse to consume and the sharp rise in tourist traffic and travel receipts, combined with the creation of new jobs, led to the recovery […]

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Greeks to pay more for heating oil this year despite subsidies

Greeks to pay more for heating oil this year despite subsidies The distribution of heating oil will begin on Friday, October 14, with the price ranging from 1.40 to 1.55 euros per liter after the 25-cent subsidy at the pump. Last year at this time, the premiere of heating oil sales took place, without any […]

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Teenagers keep vaping despite crackdowns on e-cigarettes

Teenagers keep vaping despite crackdowns on e-cigarettes High school students resumed taking the annual National Youth Tobacco Survey in school this year and 14% of them reported using e-cigarettes, underscoring how an upstart industry is dodging regulators’ efforts to spare a generation from nicotine addiction. The number shows a slight change from 11% last year, […]

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PM says Greece open to dialogue with Turkey, despite provocations

PM says Greece open to dialogue with Turkey, despite provocations A day after Turkish President Tayyip Erdogan issued a thinly-veiled threat to take military action against Greece, Greek Prime Minister Kyriakos Mitsotakis said his country is open to a dialogue with the neighboring country. “Greece never provokes, it always responds with confidence when provoked,” Mitsotakis […]

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PM Mitsotakis: Despite the adversities, the country is moving forward (ADDS)

PM Mitsotakis: Despite the adversities, the country is moving forward (ADDS) “We honour the anniversary of the founding of the New Democracy (ND) party with the elected representatives of the citizens but also the inseparable relationship with society. Almost half a century later and after 39 months of fruitful governance, ND is the party of […]

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SYRIZA trails ruling New Democracy by 8.4 percentage points in new Metron Analysis poll

SYRIZA trails ruling New Democracy by 8.4 percentage points in new Metron Analysis poll Despite galloping inflation, the energy crisis, and the negative impact on the government of the surveillance of centre-left Pasok-KINAL leader Nikos Androulakis by the National Intelligence Service, ruling New Democracy maintains an 8.4 percentage point lead over main opposition SYRIZA in […]

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Parliament Budget Office: Greek economy remains resilient despite int’l pressures

Parliament Budget Office: Greek economy remains resilient despite int’l pressures Greece’s Parliament Budget Office (PBO) on Thursday issued its report for Q2 2022, citing an improved situation for state finances and the Greek economy’s resilience, even in the face of international uncertainty, while at the same time ticking off a series of risks. According to […]

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Video: Do Turks Hate Greeks, and Vice-Versa?

Video: Do Turks Hate Greeks, and Vice-Versa? Credit: Screenshot/Youtube Despite their proximity as neighbors, and many shared elements in terms of food, music, and culture, Turks and Greeks are often perceived as enemies rather than friends. On the world stage, Turkey and Greece seem to constantly butt heads, but do Turks and Greeks themselves harbor […]

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Media report: Despite COVID, energy crisis, Greece on track for big growth

Media report: Despite COVID, energy crisis, Greece on track for big growth What’s expected to be another record tourism year despite the waning COVID-19 pandemic is fueling enough economic growth in Greece even to withstand pouring state aid into helping households deal with soaring energy costs, bank chiefs said. Estimates have been that growth will […]

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Stocks fend off selling pressure

Stocks fend off selling pressure Greek stocks ended slightly down despite being under selling pressure almost throughout Friday’s session. The general index ended 0.27% lower, at 893.74 points. Turnover was quite modest, at €33.91 million. The blue chip index dropped 0.30%, to 2,158.35 points, while mid-caps rose 0.01%, ending at 1,398.53. Banks declined 0.51%, to […]

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Stocks gain despite late selling

Stocks gain despite late selling Greek stocksgained slightly Thursday, but finished off intraday highs, as late-session selling of heavyweight stocks on the ATHEX benchmark index kept the market from topping 900 points. ATHEX gained 0.42% to close at 896.12 points on turnover of €58.95 million. The blue chip index gained 0.49% to close at 2,164.79, […]

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Red tape bogs down property transactions

Red tape bogs down property transactions Property transactions remain cumbersome despite promises of streamlining that remain largely unfulfilled. Some agencies, such as the Independent Public Revenue Authority, have made it easier to submit documents online, but, overall, property transactions take time – 26 working days; in comparison, they take 10 days in Portugal and just […]

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DW: Greece is very pricey for Greek tourists

DW: Greece is very pricey for Greek tourists Despite the fact that the number of employed Greeks is higher, the money is not enough for them to take a vacation in Greece, according to an article on the website of the Swiss radio and television, SRF. According to the author of the article, this is […]

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Retailers cutting energy costs

Retailers cutting energy costs Rising energy costs, despite generous government subsidies, are forcing retailers to make some hard choices. This winter, consumers may find out that nighttime window shopping will no longer be a thing, as many retailers are planning to switch window display lights off. And, depending on developments out of their grasp, such […]

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China relations remain, despite Latvia withdrawal

China relations remain, despite Latvia withdrawal Greece remains a member of a cooperation framework between China and over a dozen Central and Eastern European countries, which Latvia and Estonia withdrew from Thursday, following in the footsteps of Lithuania, which withdrew last May. The move comes during Western criticism toward China for escalating military pressure on […]

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Police reap lower cannabis harvest this year than last

Police reap lower cannabis harvest this year than last Despite the recent seizures and uprooting of cannabis seedlings, the seizures so far this year of the Hellenic Police (ELAS) and other drug enforcement agencies have been particularly low compared to last year. This is the conclusion drawn from the available statistics that Kathimerini has seen. […]

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Tobacco smuggling has risen despite crackdown

Tobacco smuggling has risen despite crackdown Tobacco smuggling remains alive and kicking despite numerous seizures of shipments of thousands of packets of contraband cigarettes and the detection of illegal factories.  Indicatively, in the last few months alone, 11 containers have been seized at the northeastern port of Igoumenitsa and Greece’s main port of Piraeus.  An […]

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Inflation takes a breather

Inflation takes a breather Inflation stopped rising in Greece this month, but despite its marginal easing it remains at a particularly high level. According to Eurostat, the European Union-harmonized index of consumer prices stood at 11.5% on an annual basis in July from 11.6% in June, still considerably higher than eurozone inflation, which stood at […]

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Remarkable rally for Greek bonds

Remarkable rally for Greek bonds Greek bonds registered a rally on Monday, despite the pressure on the rest of the eurozone, with Greece‘s borrowing costs reverting near 3%, having now retreated below Italy’s. Since mid-June, the yield on the Greek 10-year bond has declined by as much as 35%. The approval of the new TPI […]

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Erdogan remains a headache for the US despite Ukraine grain deal

Erdogan remains a headache for the US despite Ukraine grain deal Russia and Ukraine signed separate agreements Friday with Turkey and the UN clearing the way for exporting millions of tons of desperately needed Ukrainian grain, ending a standoff that had threatened food security around the globe. During the signing ceremony, Turkey’s President Erdogan played […]

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Cyprus grid prepares for high demand

Cyprus grid prepares for high demand Despite high temperatures in the last few weeks in Cyprus, ongoing electricity demand in the country has remained lower than last summer. Nevertheless, the island’s electricity grid capacity is expected to increase as of next week, in order to be able to respond to higher demand, according to Vrahimis […]

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Netflix Loses Almost a Million Subscribers Despite ‘Stranger Things’

Netflix Loses Almost a Million Subscribers Despite ‘Stranger Things’ Netflix loses almost a million subscribers. Credit: Gage Skidmore CC2 / Wikimedia Online streaming giant Netflix encounters a tough struggle to maintain its clientele base as it lost almost a million subscribers between April and July, as more people decided to quit the service. Netflix has […]

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OAG survey: U.S. travel demand remains strong for 2022 despite inflation

OAG survey: U.S. travel demand remains strong for 2022 despite inflation The U.S. travel market is holding strong for now despite skyrocketing costs, flight cancellations, and growing recession concerns, according to OAG’s latest survey, https://finance.yahoo.com reports. The report, carried out in April and May of 2022 via OAG’s flight tracking app, FlightView, offers timely insights […]

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Local airports dodge Euro chaos

Local airports dodge Euro chaos Despite the unprecedented chaos observed in the middle of the tourism season at many European airports, Greek airports have avoided getting into a similar situation. The reason for the long delays or even cancellations of flights at major international airports is, according to experts, their inability (including air traffic controllers) […]

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‘Impressive’ arrivals data despite crises

‘Impressive’ arrivals data despite crises “Our two main targets, extending the tourism season and attracting travelers that spend a lot of money on their holidays, are being met,” stated Tourism Minister Vassilis Kikilias in an interview with Euronews on Wednesday. Kikilias underlined that the latest Bank of Greece figures for Greek airports are “impressive” as […]

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