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Greece

Oil and Gas Contracts for Ionian Sea, Crete Now Before Greek Parliament

The proposed contracts for hydrocarbon exploration in four areas of the Mediterranean off Crete and the Ionian islands were brought before the Greek parliament on Wednesday for discussion and ratification. The contracts include the area designated as "Ionio," with rights...

Greece Signs 20-Year Extension Contract for Athens International Airport Concession

Greek authorities and Athens International Airport signed a contract to extend a concession contract for Eleftherios Venizelos airport by 20 years (to June 11, 2046). The agreed price is 600 million euros, including VAT, while the net revenue for the...

Greek PM Proposals Fail to Convince Municipal Workers Who Continue Strike

The proposals made on Tuesday by Prime Minister Alexis Tsipras and Interior Minister Panos Skourletis to representatives of the municipal workers union POE-OTA failed to convince and workers decided the strike will continue through Thursday. Coming out of the meeting...

Fraport Greece Signs 30-Year Contract With Dufry for Duty Free Shops

Fraport Greece and Duty Free Shops signed a 30-year contract for Greece's 14 regional airports to be managed by Fraport. Under the contract, Fraport Greece will more than double the space of commercial area from 5,000 sq.m. to more than...

COSCO Says Greek Draft Bill Violates Terms of Landmark Piraeus Port Deal

The government submitted a bill for the approval of a concession agreement with Chinese multinational  COSCO on Wednesday. The draft legislation brought to Greek Parliament allows the Chinese shipping giant to acquire a majority stake in Piraeus Port (OLP),...

Fraport Greece Moving Forward in 14 Regional Airports, Welcomes Ratification of Contracts

On Monday, the Greek parliament concluded ratification of contracts for the concession of 14 regional airports, a move welcomed by Fraport as they noted that this is one of the biggest investments in Greece. The contracts for the concession of the airports...

Greek Government Mulls Changing Pricing Policy for Tolls

The Greek government is considering introducing electronic tolls which will charge drivers depending on the use of the road and establishing social tariffs for tolls which will serve vulnerable groups and people living near toll stations, the Economy, Infrastructure,...

Greek PM Tsipras – German Chancellor Merkel Hold 'Constructive' Telephone Conversation

A constructive fifty-minute telephone conversation between the Greek Prime Minister Alexis Tsipras and the German Chancellor Angela Merkel was held on Thursday afternoon, only a few hours ahead of today’s crucial Eurogroup meeting in Brussels. According to a Greek...

Greek State losing 7.5 Billion from Motorways

As revealed in a report by the General Accounting Office, the Greek State loses 7.5 billion euros, according to the terms of the new contracts for motorways and road tolls. The General Accounting Office reported that the amounts that the...

Stournaras Asks No Concessions at Eurozone Meeting

BRUSSELS - Greece’s new Finance Minister Yiannis Stournaras, in his first meeting with leaders of the Eurozone of the 17 countries which use the euro as a currency, did not try to open negotiations to soften the harsh terms...

"From Nubia to Sudan" With the Greek-Norwegian Archaeological Mission

by Zdravka Mihaylova TWO BRIGHT YOUNG SCHOLARS ON ARCHAEOLOGY AND WATER POLITICS Interview with Alexandros Tsakos and Henriette Hafsaas-Tsakos Last October the Benaki Museum of Islamic Art inaugurated the photo exhibition ‘From Nubia to Sudan through the Eyes of the Greek-Norwegian...

Troika Shocking Report on Greek Debt: Full Text

The European Commission, European Central Bank and International Monetary Fund have reported on the sustainability of Greece's debt. Read the text of the report below: Greece: Debt Sustainability Analysis October 21, 2011 Since the fourth review, the situation in Greece has taken a...

French Companies Eye Greek State Asset Sales

Several French companies are interested in Greece’s state-asset sale program and pending state contracts, Ta Nea reported, without citing anyone. Francaise des Jeux wants to bid for licences to operate state lotteries and to extend the EuroMillions game to Greece...

Cyprus FM Denounces Turkish Statements

European Union has the obligation to act in order to prevent any crisis which Turkey might intent to cause in the Eastern Mediterranean, Cypriot Minister of Foreign Affairs Erato Kozakou Markoullis has stressed out. Markoullis was speaking at the Informal...

Higher Departing Passenger Charges for 14 Regional Airports Operated by Fraport Greece

In accordance with the provisions of the ratification law of the Greek state concession contract on departing passenger charges and with immediate effect as of April 11, 2017, departing passengers from the airports of Aktion, Zakynthos, Thessaloniki, Kavala, Kerkyra...