Greece
Economy
Greece to Proceed "Soon" with Bond Swap Deal
Greece will soon proceed with a bond swap exercise worth 30 billion euros, a top Finance ministry official told the Athens News Agency (ANA) on Tuesday.
With the swap plan, the Greek state aims to improve liquidity in the second...
Greece
Drone Captures Devastation in Attica Following Deadly Floods (video)
Dramatic footage from a drone shows the devastation caused by flooding in many parts of Attica, west of Athens.
Roads and apartment buildings are seen sinking into the mud and cars have been swept away.
At least seven people were killed...
Greece
Dramatic Rescue of Passengers from Sinking Bus on National Greek Highway (photos)
Firemen rescued a dozen passengers from a bus that was travelling from Athens to Corinth, when the vehicle was swept away by river of water, due to extreme storm conditions.
According to eye witnesses, the passengers were saved in the...
Economy
Hedge Fund Manager: Investors Ready to Pour Billions into Greek Economy after Political Change
Hedge fund manager, Kyle Bass, believes that Greece will come out of the crisis and investors will pour billions into its economy once the government changes, according to a CNBC report.
The founder and chief investment officer of Hayman Capital...
Economy
Greek Gov't Cuts Down on Public Investments to Pay Social Dividend
The Greek government has frozen the Public Investments Program in order to pay the social dividend worth 1.4 billion euros promised by Prime Minister Alexis Tsipras, a Kathimerini newspaper report says.
Based on figures for the January-October period provided by...
Crime
Anarchists Occupy Athens Polytechnic as Anniversary of Uprising Approaches
Groups of anarchists have occupied the main building of Athens Polytechnic, two days before the anniversary of the 1973 student uprising against the dictatorship.
According to a statement published on a leftist web site, the occupiers are calling for "rebellion...
Greece
Greek Minister: Growers Interested in Investing Over €1.5 Bln in Medical Cannabis
Growers have expressed interest in investing over 1.5 billion euros in the cultivation of cannabis for medical use, said Greece's Minister of Rural Development and Food Evangelos Apostolou.
Speaking to Bloomberg, the Greek minister said that Greece's warm and sunny...
Business
23 Ambassadors Tour Premises of Model Greek Company
Twenty-three ambassadors paid a visit to the facilities of Apivita natural cosmetics company in Markopoulo, southeast of Athens, on Tuesday.
Company president Nikos Koutsianas said the invitation was for ambassadors to tour the bioclimatic factory of Apivita, the beehives, and...
Economy
Greece Eases Up on Capital Controls Again
Finance Minister Euclid Tsakalotos signed a decree easing capital controls in the country.
According to the new regulations, Greek residents will be able to withdraw 100 percent of money transferred from abroad to current accounts opened in Greek credit institutions,...
Greece
More than a Dozen People Die in Floods in Mandra, Attica (video)
At least 15 people, ten men and five women, were killed in the town of Mandra, west of Athens in the most deadly such incident in recent years.
A torrent of red mud swept through towns west of the capital...