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Greece

Greeks Mark Holy Friday With Solemn Epitaphios Processions

Holy Friday, or Good Friday, is a profoundly mournful day in Greece which commemorates the Passion of Christ with the traditional Epitaphios processions. A nationwide affair, it recalls the moments leading up to and including the crucifixion of Jesus Christ,...

Construction of Iconic TAP Gas Pipeline Now Complete in Greece

The construction of the Greek section of the iconic Trans Adriatic Pipeline (TAP) has been completed, it was made public on Saturday. The TAP will begin operating on a trial basis as early as this December. It is expected that it...

Greece Expected to Tap Financial Markets With New 10-Year Bond

Greece will very soon seek to pump additional money from global markets in an effort to capitalize gains made on the historically-low interest rates that the country has been enjoying over the last several months. Greek authorities have requested the major...

Cyprus to Tap Markets With its First-Ever 30-Year Bond

Cyprus has mandated investment banks to manage a double bond issue comprising a 5-year and a 30-year, euro-based bonds, the country's Ministry of Finance announced on Tuesday. This will be the first time Nicosia will borrow money on the international...

Hydra Boasts the Most Spectacular Epitaphios Procession in Greece (video)

Hundreds of people gathered near the beach on the island of Hydra to witness the traditional Good Friday procession of Epitaphios. In one of the most spectacular rites in Greece, the men carrying the Epitaphios reach the beach and march...

Greeks Join Epitaphios Procession in Each Parish

The Epitaphios Procession ceremony took place in the evening of Holy Friday with  hundreds of believers joining the procession in each parish across Greece. The official Church of Greece Epitaphios Liturgy and Procession was held in the Metropolitan Church of...

'Film Friendly' Greece Moves to Cut Red Tape (video)

Greek ministers have presented a new bid to attract international film productions by funding incentives and cutting red tape. Digital Policy, Technologies and Media Minister Nikos Pappas stressed the audiovisual industry’s enormous potential, remarking that Greece has a magnificent natural...

Greek Court Approves Extradition of FYROM Wiretapping Suspects

A Greek court in Thessaloniki has approved a FYROM request for the extradition of two former secret police employees linked to the wiretapping scandal that brought down the country's previous government. The two former police officers, Goran Grujevski and Nikola...

EU Court Rules Against Greece in 2005 Wiretapping Death

A European court has ordered Greece to pay damages to relatives of a Vodafone Telecoms executive who was found dead on the eve of the government’s discovery of a major illegal wiretapping operation targeting the country’s political and military...

TAP Gas Pipeline to Invest €1 Million in Greek Agricultural Program

The Trans Adriatic Pipeline (TAP) will invest €1 million in educational and applied biotechnological activities, aiming at supporting the cultivation, marketing, and sale of distinct agri-food products or varieties locally produced in areas across the route of the pipeline. It's...

Government Plans to Tap Bond Markets Again Soon

Greece is very likely to revisit bond markets soon, a foray aimed at improving the management of its debt, the government spokesman said on Tuesday. The Greek government returned to bond markets with a five-year bond in July, its first...

Thessaloniki Police Arrest Two Suspects in FYROM Wiretapping Case

Greek authorities announced they arrested two men at an airport in northern Greece who are wanted in neighboring FYROM on charges related to an illegal wiretapping scandal. Police said Thursday the two men were arrested overnight at Thessaloniki airport with...

Over 50% of TAP Gas Pipes in Greece Already on Ground

Over 50% of the TAP gas pipes in its Greece route (276km of pipeline) have been placed in the ground and have been backfilled, and 180km of land is being reinstated, according to TAP’s Country Manager for Greece, Katerina...

ESM Chief Regling: Greece Can Tap Markets in 10 Months, if it Implements Reforms

"Greece can exit the current aid programme in 10 months and be financed independently through the markets, if the government adheres to the agreed reforms to strengthen growth and employment," Klaus Regling, head of the European Stability Mechanism (ESM),...

ECB Chief: Up to Greece to Decide Whether to Tap Bond Market

European Central Bank President Mario Draghi said on Thursday that it is up to Greece to decide whether to tap the bond market again, but it should be better to do so as part of an overall bailout strategy,...