Podariko: The New Year’s Custom Is Still Alive

The first custom to take place with the advent of the New Year in Greece is called “podariko” (from the root pod-, or foot),...

Hellenic Telecomms Organization S A Re Agreement

Hellenic Telecommunications Organization SA (ASE: HTO, OTC MARKET: HLTOY) announces that today it signed a Share Purchase Agreement with PREDUZE E ZA TELEKOMUNIKACIJE "TELEKOM...

IMF Warned Greece On Debt Levels With Worsening Outlook-Sources

The International Monetary Fund recently told the Greek government that a worsening economic outlook suggests the beleaguered nation may be unable to reduce its...

Greek Novelist Argyris Chionis Passes Away

Argyris Chionis passed away on Christmas day at the age of 68. A Poet, a novelist and translator, born in Athens in 1943, who...

Greek Filmmaker Lucia Rikaki Passes Away

Greek film director, documentarist, writer and producer Lucia Rikaki passed away in Athens on Wednesday after a long battle with cancer. The 50-year-old played a...

Greek MP Asks Parliament to Give Greeks Abroad Political Rights

Greek MP of Dimokratiki Symmaxia Party, Lefteris Avgenakis asked Greek parliament to find all the alternative proposals so that the Greek Language Schools abroad...

Trade Deficit Down 27.3% in October

Greece's trade deficit shrank by 29.6% in October, reflecting higher exports and lower imports because of a deep economic recession in the country, Athens...

Cyprus Says Turkey is a Destabilizing Factor in the Region

President of the House of Representatives of the Republic of Cyprus, Yiannakis Omirou stated after visiting the “Michalakis Parides” military camp that Turkey is...

Russian Patriarch Asks Greek President to Release Abbot Efraim

Patriarch of Moscow and all Russia Kirill asked from the Greek President Karolos Papoulias to intervene and release Archimandrite Ephraim, superior of the Mount...

5 Reasons Why 2012 Won’t Be Anything Like 2011

UBS analysts have published their latest report on the course of the global economy, pointing out the 5 main reasons why 2012 will be...

Greek Court Declares Tax Officials Strike Illegal

An Athens court declared the tax officials strike on December 29 illegal. Consequently, tax offices will open up on Friday, December 30. This means...

Finance Ministry Targets €2.3B Primary Surplus

Primary surplus of 1.1% of GDP, around €2.3 billion, and significant reduction in budget deficit are the two main objectives of the 2012 budget. This...

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