Turkish Airlines Betting On Thessaloniki

Buoyed by increases in business in the 18 months since it began flying from Istanbul directly to Thessaloniki, Turkish Airlines said it would add...

Qatar Air Schedules Athens-N.Y. Flights

With airlines cutting back on service to and from Athens and fewer direct flights to the United States, Qatar Airways said that it will...

Internet Addicts 5.1 Million Greeks

More than 5.1 million Greeks -55% of the population- are spending an average of 17.1 hours a week on the Internet, a ratio higher...

Arsenis Says Greece Energy Reserves Overstated

Kriton Arsenis, a Member of the European Parliament of the PASOK Socialists, accused Greek politicians and journalists of misrepresenting Greece's energy reserves possibilities and...

NEOSET Furniture Files for Bankruptcy

One of the biggest furniture companies in Greece, NEOSET, has filed a bankruptcy petition, another victim of the country's crushing economic crisis as austerity...

Greece, Cyprus Underwater Line for Israel’s Electricity

Greece and Cyprus have agreed to an Israeli request to lay a power cable to Europe via the two Mediterranean nations. According to the Jerusalem...

Greek Media Company is Closing Down

After 32 years of operation, Liberis publications are forced to close down as they didn't manage to get a rescue loan from the bank....

Fearing Cuts, 45 Bank of Greece Execs Quit

With their pay set to be deeply cut, 45 veteran workers at the Bank of Greece have resigned en masse, illustrating the deep division...

Cyprus Bailout Boon for Rich Russians

An international bailout of as much as $12.83 billion for Cyprus to prop up its banks pushed to the edge of insolvency by exposure...

Vaxevanis Says Greece Hiding Corruption

A Greek journalist acquitted of violating privacy laws for publishing a list of 2,059 depositors with $1.95 billion in a Swiss bank being kept...

Soros Plans Homeless, Immigrant Centers in Greece

George Soros, the Hungarian-American business magnate, investor, philosopher and philanthropist, says will open centers in Greece to host the homeless and immigrants, during the...

Greece Electricity Rates to Soar Up to 40%

The demand by Greece's creditors for electricity rates to reflect the full cost of production will bring about fresh rate hikes by June 2013,...

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