Greek News

After the Euro Working Group session on Thursday it was decided that the Greek government is still within the timeline to implement reforms required and fulfill the terms of the agreement. The lenders representatives gave the Euro Working Group a...

A new contract between the Piraeus Port and the Greek state will include an increase in the annual cost of the lease, from 2% of total annual revenue at present to 3.5% of annual revenue, ANA-MPA sources said on...

Chairwoman of the Hellenic Banks Association Louka Katseli said that Greek banks face four major challenges before they return to normality. Katseli, who is also head of Bank of Greece, spoke at a business event organized by the Hellenic British...

Energean will start drilling for hydrocarbons at the Katakolo site in the winter of 2016-2017, followed by seismic surveys at the Ioannina site the following summer, company Chairman and CEO Mathios Rigas said at an international energy conference taking...

Cyprus had yet another successful review of its bailout program. The International Monetary Fund announced on Wednesday that the European island is eligible to receive an additional 126 billion euros from bailout funds, after the completion of the eighth...

U.S. President Barack Obama on Thursday spoke to Greek Prime Minister Alexis Tsipras over the telephone and congratulated him on his electoral victory. According to a White House announcement, President Obama looks forward to working with the Greek government as...

Former Greek Finance Minister Yanis Varoufakis will be opening the 6th annual Kilkenomics Festival in Ireland, according to a recent announcement by journalist David McWilliams. The festival which was co-founded by McWilliams and Naoise Nunn is set to kick...

Learn everything about the baggage policy of the airline companies with the most reservations in Greece in 2015, according to travel agency Travelplanet24. Aegean Airlines Aegean Airlines has three fare categories, GoLight, Flex and Business, and its policy is flexible according...

The refugee crisis that Europe is engulfed in shows no signs of slowing down as the latest numbers show. After the 2,500 people that arrived on the Greek East Aegean island of Lesvos between Tuesday and Thursday, Reuters reports that 24...

Greek authorities were able to immediately solve a case regarding two church burglaries that took place on the Greek island of Paros on September 22, 2015. A 31-year-old Greek national was arrested on Wednesday afternoon, September 23rd. Authorities have already...

The Greek Finance Ministry announced that the revenues for the Greek state between January and August were 30.765 billion euros, which amounts to a 4.153 billion euro shortage in comparison to the Greek budget's initial target. As the finance ministry's report explains, 1.724...

Two popular traditional Greek alcoholic spirits could soon become more expensive. In a report published on Thursday the European Commission orders the Greek government to change its taxation schemes for tsikoudia and tsipouro. The European Commission criticized the Greek government for its...

Labor Minister Giorgos Katrougalos admitted on Thursday that there will be cuts on supplementary and high pensions. Katrougalos spoke to realfm radio and stated that it is impossible not to have any pension cuts because the bailout agreement requires a...

The counter-terrorism unit of the Greek Police has arrested three people in Volos with one of them being an accomplice of jailed terrorist Nikos Maziotis. The arrest was made after a police operation in Volos, central Greece. The counter-terrorism unit...

The airport of the Greek island of Rhodes, located in the Southeast Aegean set, was shut down again on Thursday morning. The issue causing "Diagoras" airport problems is a large crater that has formed on its landing strip. According to ANA-MPA, Rhodes municipality staff...