The difficult ‘nostos’
The difficult ‘nostos’ The discussion about the Greeks who were forced to emigrate after Greece’s bankruptcy is taking place as if their repatriation could be achieved at the push of a button. As if the tax incentives were enough to entice them to change their lives (again). As the research published Saturday by Kathimerini shows, […]
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Tourism 2023 | Greece among 10 preferred European destinations for long-haul travelers
Tourism 2023 | Greece among 10 preferred European destinations for long-haul travelers Greece’s booming tourism is reaching visitors from around the world, so much so that it’s a top 10 destination for long-haul travelers whose flights are more than six hours long. That was found in the Long-Haul Travel Barometer January-April 2023 released this week […]
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Greece Weather Warning: Dense snowfalls, stormy winds, frost
Greece Weather Warning: Dense snowfalls, stormy winds, frost Greece’s National Meteorological Service EMY warns of cold weather front “Barbara” that will hit the country with main features locally dense snowfalls even in lowland areas, freezing temperatures,stormy north winds of up to 8-9 Beaufort and frost. Cold air masses will be moving to the south from […]
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Jailed leader of Greek far-right party faces election ban
Jailed leader of Greek far-right party faces election ban Greece’s government is seeking to ban a far-right political party led by a jailed former lawmaker from participating in a general election later this year, with a legislative initiative that has gained cross-party support. Ilias Kasidiaris, 42, founded the Greek National Party two years ago. He […]
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Drawing a line
Drawing a line Greece’s latest conviction by the European Court of Human Rights over the case of the former general secretary of public revenues draws a line for the country’s political system that it ought to have drawn on its own: looking for scandal in order to sully the reputation of your rival should never […]
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Greece’s defense doctrine 27 years after the Imia crisis
Greece’s defense doctrine 27 years after the Imia crisis 27 years ago the Imia crisis brought Greece and Turkey to the brink of war. Almost three decades later, a lot has changed in terms of Greece’s defense doctrine. Today, as Turkey’s President Erdogan brings tensions in the Aegean to a boiling point, the lessons from […]
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Rebound of economic sentiment
Rebound of economic sentiment Greece’s economic sentiment index rose from 103.5 in December to 104.9 points in January, its highest reading in the last 10 months, the Foundation for Economic and Industrial Research (IOBE) said on Wednesday. IOBE attributes this development to an improvement of expectations in the industrial sector and to a lesser extent […]
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Jobless rate stayed at 11.6% in December
Jobless rate stayed at 11.6% in December Greece’s jobless rate stood at 11.6% in December, unchanged from an upwardly revised 11.6% in November, data from statistics service ELSTAT showed on Wednesday. Seasonally adjusted data showed 545,372 people were officially unemployed, with those under the age of 24 the hardest hit. The reading was the lowest […]
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Greece and Japan ink MoC on improving business networking and investments
Greece and Japan ink MoC on improving business networking and investments A memorandum of collaboration (MoC) was signed by Greece’s investments and export agency (Enterprise Greece) and the Japan External Trade Organization (JETRO) in Tokyo on Tuesday, in the context of Greek Prime Minister Kyriakos Mitsotakis’ official visit to Japan, ANA reports. The MoC focuses […]
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Head of Greece’s Meteo EMY trolls “heavy snow” predictions
Head of Greece’s Meteo EMY trolls “heavy snow” predictions Head of National Meteorological Service Thodoris Kolidas painted “dragons in the clouds” and trolled Greek meteorologists and weather presenters for their claims of “heavy snow weather.” The snow weather “controversy” erupted already last week, the moment the heavy rain weather was over and some meteorologists immediately […]
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Erdogan says opposition playing into Greece’s hands
Erdogan says opposition playing into Greece’s hands Turkish President Recep Tayyip Erdogan on Wednesday accused the country’s opposition parties of playing into the hands of Greece ahead of elections in 2023. A coalition of six opposition parties seeking to end Erdogan’s hold on power on Monday presented a joint 240-page program for the country’s future, […]
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Piraeus to cut NPE ratio below 6%
Piraeus to cut NPE ratio below 6% Piraeus Bank, Greece’s fourth-largest lender by market value, said on Monday it will cut its nonperforming exposures (NPE) ratio to below 6% of its loan portfolio in 2023. Under a business plan for 2022-2025, unveiled last year, Piraeus aimed to decrease its NPE ratio to 3% by 2025 […]
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SYRIZA to abstain from Parliament voting, demands elections date
SYRIZA to abstain from Parliament voting, demands elections date Greece’s main opposition party SYRIZA announced on Tuesdaythat will no longer participate in Parliament voting with only one exception. At a press conference, leader Alexis Tsipras demanded the dissolution of the Parliament and immediate declaration of elections date, accusing the conservative New Democracy government of being […]
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SYRIZA demands dissolution of Parliament, elections now
SYRIZA demands dissolution of Parliament, elections now Greece’s main opposition party on Tuesday demanded the dissolution of Parliament and immediate elections, accusing the conservative New Democracy government of being “morally and politically compromised.” “It cannot remain a moment longer,” SYRIZA leader Alexis Tsipras told a press conference in Athens. “We are asking for the immediate […]
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Israeli FM Cohen: Israel Supports Greece’s Sovereign Rights and Territorial Integrity
Israeli FM Cohen: Israel Supports Greece’s Sovereign Rights and Territorial Integrity January 31, 2023 Greek FM Nikos Dendias met with Israeli counterpart, Eli Cohen, in Jerusalem on Tuesday, January 31, 2023. (Photo: Twitter) JERUSALEM – Israeli Foreign Minister Eli Cohen, in statements after meeting his Greek counterpart Nikos Dendias in Jerusalem on Tuesday, said that […]
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Israel supports Greece’s sovereign rights and territorial integrity, says FM
Israel supports Greece’s sovereign rights and territorial integrity, says FM Israel supports Greece’s sovereign rights and territorial integrity, the country’s foreign minister, Eli Cohen, said after meeting his Greek counterpart Nikos Dendias in Jerusalem on Tuesday. Additionally, he noted that differences should be resolved through dialogue and diplomacy, while expressing his gratitude to Greece for […]
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Greek defense doctrine rolls with punches
Greek defense doctrine rolls with punches A lot has changed in terms of Greece’s defense doctrine since 1996, when its naval forces and Turkey’s had gathered around the two islets of Imia in the eastern Aegean. The concept that the incident gave birth to was the so-called crisis point doctrine, meaning that a conflict between […]
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Victor Vernicos becomes Greece’s youngest-ever Eurovision contestant
Victor Vernicos becomes Greece’s youngest-ever Eurovision contestant Greece on Monday announced that it will be competing in this year’s Eurovision contest with Victor Vernicos and his original song, “What They Say.” At the age of 16, local Instagram sensation Vernicos is the youngest-ever contestant to represent Greece at the popular singing competition. The 67th edition […]
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Staikouras: Greece’s prospects are good, more work is needed
Staikouras: Greece’s prospects are good, more work is needed Addressing an event held in his home town Lamia in his honor, after he was named Finance Minister of the Year 2023 for Europe by the FT group’s Banker magazine, Finance Minister Christos Staikouras stressed that the distinction awarded to him was “not just personal but […]
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ATHEX: Bourse index adds to its recent gains
ATHEX: Bourse index adds to its recent gains The rather unexpected upgrading of Greece’s credit rating by Fitch last Friday gave an extra push to the Greek stock market on Monday, with the benchmark reaching levels unseen since early December 2014. Despite the political confrontation inside and outside Parliament, the market appears to buy the […]
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Staikouras: Greece’s prospects are good but there is still much work to do
Staikouras: Greece’s prospects are good but there is still much work to do Addressing an event held in his home town Lamia in his honour, after he was named “Finance Minister of the Year 2023 for Europe” by the FT group’s “Banker” magazine, Finance Minister Christos Staikouras stressed that the distinction awarded to him was […]
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Greece’s Weather Forecast: Rainy, Colder on Sunday
Greece’s Weather Forecast: Rainy, Colder on Sunday January 28, 2023 FILE – Children play in front of a waves during a windy day in the southern Athens coastal suburb of Flisvos, on Thursday, Jan. 19, 2023. (AP Photo/Petros Giannakouris) ATHENS – “Greece has made it. Greece has turned a page,” Greek Finance Minister Christos Staikouras […]
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Fitch upgrades Greece’s credit to BB+ a mere one step below investment grade
Fitch upgrades Greece’s credit to BB+ a mere one step below investment grade Credit ratings agency Fitch has raised Greece’s rating from ‘BB’ to ‘BB+’, in a report released late Friday, ANA reports. The upgrade puts Greece one step below the desired investment grade status. Welcoming the upgrade, Greek Finance Minister Christos Staikouras noted that […]
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Fitch ups Greece’s rating to a notch below investment grade
Fitch ups Greece’s rating to a notch below investment grade Credit ratings company Fitch has raised Greece’s credit rating to one notch below investment grade. In a report issued Friday, Fitch estimates that Greece’s deficit will shrink to 1.8% of its gross domestic product in 2024 from an estimated 3.8% last year. “There is some […]
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Tsitsipas one step from the highest peak
Tsitsipas one step from the highest peak Greece’s Stefanos Tsitsipas beat Karen Khachanov of Russia 7-6, 6-4, 6-7, 6-3 in their men’s semifinal match at the Australian Open tennis tournament in Melbourne on Friday to set up a showdown in the final on Sunday against Serbian megastar Novak Djokovic, who beat Tommy Paul of the […]
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Fitch Ratings Upgrades Greece to BB+ Outlook Stable IDR
Fitch Ratings Upgrades Greece to BB+ Outlook Stable IDR Fitch Ratings upgraded Greece’s Long-Term Foreign-Currency Issuer Default Rating (IDR) on Friday. The IDR is now rated BB+ Outlook Stable. Credit: Gideon Benari / Flickr CC BY-2.0 Fitch Ratings upgraded Greece’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to “BB+” on Friday. The previous rating was “BB”. […]
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Censure motion against government defeated by 156 ND votes
Censure motion against government defeated by 156 ND votes Greece’s conservative government on Friday survived, as expected, a vote of no confidence put forward by the main opposition party SYRIZA opposition over a wiretapping scandal targeting politicians, army top brass and journalists. 156 ruling New Democracy lawmakers voted against the motion, while 143 opposition MPs […]
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The obstacle of grid capacity
The obstacle of grid capacity The lack of capacity in Greece’s electricity distribution network hampers the efforts of citizens, businesses and local governments to turn to renewable energy sources, utilizing the institution of energy communities to reduce their energy costs. While applications for virtual energy netting projects from energy communities more than quintupled in one […]
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Crete plays a key role in Greece’s new, active foreign policy, Hardalias says
Crete plays a key role in Greece’s new, active foreign policy, Hardalias says Crete plays a key role in the exercise of the new, active foreign policy adopted by Greece after the summer of 2019, Deputy Minister of National Defence Nikos Hardalias said late on Thursday at an event organised by the Rotary Club of […]
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Minister: Crete plays a key role in Greece’s new and active foreign policy
Minister: Crete plays a key role in Greece’s new and active foreign policy Crete plays a key role in the exercise of the new, active foreign policy adopted by Greece after the summer of 2019, Deputy Minister of National Defence Nikos Hardalias said late on Thursday at an event organized by the Rotary Club of […]
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