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Greece

Greek University Participates in Pioneering Drone Manufacturing Project

The Aristotle University of Thessaloniki will participate in an international pioneering program for building Unmanned Aerial Vehicles (UAVs or drones) called Project Lotus. Kyriakos Yakinthos, professor at the AUTH Department of Mechanical Engineering and director of the Fluid and Turbine...

Greek Manufacturing Achieves Highest Expanse in 9 Years

Greek manufacturing activity kept expanding in December as new orders grew at the fastest pace in over nine years, leading firms to increase hiring and production, a survey showed on Tuesday. Markit's Purchasing Managers' Index (PMI) for manufacturing, which accounts...

Greek Manufacturing Expands for Sixth Straight Month

Greek manufacturing activity continued to expand in November with rising demand and a robust increase in new orders leading firms to hire staff at one of the fastest rates in the last 18 years, a survey showed on Friday. Markit's...

Greek Manufacturing Grows at Lower Pace in October, Hiring Rises

Greek manufacturing activity continued to expand in October, but at a slower pace than the previous month, with rising demand at home and abroad leading firms to hire staff at one of the fastest rates on record, a survey...

Greek Manufacturing Growth at Fastest Pace in 9 Years

Greek manufacturing activity expanded in September at the fastest pace in nine years, as rising demand at home led firms to hire more staff and increase output, a survey showed. Markit's Purchasing Managers' Index (PMI) for manufacturing, which accounts for...

Greek Manufacturing Grows for Second Straight Month in July

Greek manufacturing activity expanded in July for the second straight month, driven by a rise in staffing numbers and output, a survey showed. Markit's Purchasing Managers' Index (PMI) for manufacturing, which accounts for about 10 percent of the economy, stood...

Police Raid Illegal Cigarette Manufacturing Facilities Near Athens

Greek police seized 70 tonnes of smuggled tobacco and 8.8 million cigarette packets at two illegal tobacco manufacturing facilities in Aspropyrgos, west of Athens. A total of 40 people are thought to be involved in the racket. Police believe that they...

Greek Manufacturing PMI Recorded Unprecedented Contraction in July

Adding to a dismal Monday for the Greek economy, that has seen a stock market crash and significant revenue losses for Greek firms, financial information service company Markit released its July survey results on Greece's Manufacturing Purchasing Managers Index. The Manufacturing PMI denotes the well being of...

Russia Reportedly Proposes Co-Manufacturing Kalashnikov Rifles in Greece

Russia has sent an official proposal to the Greek Defense Ministry to co-manufacture Kalashnikov rifles in Greece, according to an onalert.gr report. The verbal proposal was made during the recent visit of Greek Defense Minister Panos Kammenos in Moscow, where he...

Factories in Greece Show Rise in Manufacturing Activity

In April, the seasonally adjusted PMI (Purchasing Managers Index) of Markit, closed at 51.1, for the Greek manufacturing sector, a higher rate than the 49.7 points in March. The index remained above the no-change 50 point stage which separates growth...

Greek Manufacturing Fell Faster in March

Austerity measures begun three years ago are slowly shrinking the manufacturing sector, according to a survey by Markit Economics, a trend that picked up in March when production capabilities fell faster than the previous month as a result of...

Seven Benefactors Who Shaped Modern Greece

Seven of the most important benefactors in Greece contributed massively to the birth of modern Greece after the fighting heroes kicked out the Ottomans through their generosity and philanthropy. These men were industrialists, shipping magnates, and rich aristocrats, who built...

Cultivation of Cannabis was Legal in Greece Until 1936

The cultivation of cannabis in Greece for pharmaceutical purposes is now legal, as it was legal until 1936, the year it was prohibited

Nine Magnificent Museums Showcasing Greece’s Cultural Heritage

Greece is full of museums that showcase the gems of the country's unique and unforgettable cultural heritage through various themes.

Greek Toy Manufacturers Urge Support To Unlock Exports Potential

In a market dominated by international franchises and illegal knock-offs, the Greek toy manufacturing industry has stood its ground and continued its long-standing flourishment, providing consistent quality and creative originality to millions of customers in Greece and abroad. Robust over...