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Greece

The Threat of Turkey Unleashing Millions of Refugees to Greece Is Real

Turkish President Recep Tayyip Erdogan has threatened Europe that if procedures for Turkey's accession to the European Union stop, he will unleash 3 million refugees to Europe. The threat is addressed to Greece, first and foremost. In the past two...

The Refugee Crisis Is Not Over; Relocations Must Be Accelerated, Says EU Commissioner Avramopoulos

European Commissioner for Migration Dimitris Avramopoulos called on the EU state members to continue and accelerate the refugee relocations from Greece and Italy and to send more experts to assist in the elaboration of the asylum requests. In statements to...

Greek Fin Min Lashes Out at IMF, Berlin

Greek Finance Minister Euclid Tsakalotos lashed out at the International Monetary Fund and Germany for placing excessive demands on Greece in regards to the country's bailout program. Tsakalotos spoke at the 27th annual conference of the American-Hellenic Chamber of Commerce...

Houses in Greece Will Return to their 2008 Value in 2050

The damage the economic crisis has caused to the housing market is so big that it will take until 2050 for houses to reach the value they had in 2008. According to a study conducted by PricewaterhouseCoopers (PwC) auditor firm,...

Greek Banks Propose Tax on Cash Withdrawals to Curb Tax Evasion

Greek banks have proposed taxation of cash withdrawals so that Greeks make more electronic transactions as a measure to curb tax evasion. The proposal is sent to the ministry of finance for further review, the basic idea being that it...

OECD Reports: Greek Economy Has Rebounded Second Half of 2016

Economic growth has rebounded in the second half of 2016 and it is projected to gain strength in 2017 and 2018 as structural reforms start to bear fruit; the conclusion of a policy review with creditors raises business and...

Dombrovskis: Greek Debt Measures on Agenda at December 5 Eurogroup Meeting

"We can expect the conclusion of the second program review in the foreseeable future," European Commission Vice-President for the Euro and Social Dialogue Valdis Dombrovskis said on Monday in Brussels, stressing the "significant progress" that had already been achieved. Asked on...

Fire Causes Damage at Nea Kavala Migrant Center, No Injuries Reported

According to sources, on Monday morning in northern Greece a fire broke out in a migrant reception center in Nea Kavala, Kilkis. Officials are not sure how the fire began at around 6 a.m. and are looking into possible causes...

11,801 Refugees and Migrants Recorded on Northern Aegean Islands on Monday

Migrants and refugees flow to the island of Chios posted a significant increase in the last three days in comparison with the islands of Lesvos and Samos. One hundred and fifty-three persons arrived on Chios, 53 on Lesvos and only...

Greece Is Top Pick for Armenian Tourists in 2016

According to the ministry of economic development and investments, Armenians increased their tourism abroad from January to September 2016 by 3 percent year-to-year. The interim chairperson of Armenian state tourism, Zarmine Zeytuntsyan, told the Armenian News Agency that the preference of Armenians is...