Greek Shipowners Invest $848M

While the Greek government continues to mull plans to tax the country's shipping industry to raise money during a crushing economic crisis, Greek ship-owners...

Cyprus Girds For Deep Recession

Cyprus' international lenders expect that austerity measures will shrink the country's economy by a choking 8 percent this year and another 3 percent in...

Cypriot Bank Chief Says Money Won’t Flee

While Cyprus is keeping a tight rein on depositors and limiting how much they can take out of the bank, apart from those who...

Greek Bank Chief Says Deposits Safe

As Cyprus is confiscating up to 80 percent of the bank accounts of depositors with more than 100,000 euros ($130,000) to meet demands of...

Greek Cultural Events on New Website

The new internet site, festival.culture.gr, has been displayed by the Cultural Events Department/Festivals & Cultural Events Division, in cooperation with the Informatics & Telecommunications...

Cypriot Depositors Take Money Out By Sea

With up to 80 percent of their bank accounts being confiscated by the government and tight capital controls preventing access to the rest, Cypriot...

Hydrocarbon Reserves in Greek Waters

The Norwegian seismic surveys in the waters of the Ionian islands and Crete showed that these areas are rich in oil and natural gas....

Ancient Greeks Pioneers in Technology

Many arts and sciences were born and developed in ancient Greece: music, language, sports, philosophy only to mention a few. But there is one...

Pharmathen Gets First Industry Award

The first Industry Award was received by the Greek pharmaceutical company Pharmathen at the Greek Exports Awards ceremony, an event celebrated under the auspices...

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...

Cyprus Says Casinos Could Ring Up $64M

Beginning what could be a long recession and economic crisis, and under austerity measures, Cyprus is planning to lift its ban on casinos in...

Chrysostomos Says Cypriot Church Will Help

With Cyprus imposing austerity measures on the order of international lenders and beginning what promises to be a long recession, the leader of Cyprus'...

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