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Greece

Greeks Develop Newfound Interest in the Great Outdoors as One Million SMS Sent on Sunday

It came to light on Monday that Greek citizens had sent a total of one million SMS messages to the state on Sunday, letting the authorities know that they were headed out amidst the lockdown for some much-needed recreation...

Belgians' Interest in Greek Tourist Destinations Sees Huge Uptick

The positive course of early vacation reservations from the Belgian tourist market, as well as the increased interest of thousands of Belgian nationals in all Greek destinations, was reflected at the 62nd International Tourist Exhibition "Salon des Vacances," which...

Greek 15-Year Bond Attracts Record Orders at Very Low Interest

With bids reaching a stunning 19 billion euros, Greece's first 15-year state bond offers book closed in very impressive fashion on Tuesday afternoon. The Greek state had initially intended to withdraw just 2.5 billion euros, but the investor's trust in...

President Xi to Visit Athens as Chinese Interest in Greece Strengthens

Chinese President Xi Jinping will visit Greece from November 10th to 12th at the invitation of the President of Hellenic Republic Prokopis Pavlopoulos, it was officially announced on Thursday. Xi's visit follows Greek Prime Minister Kyriakos Mitsotakis' visit to China...

Ariana Rockefeller Vows to Continue Family Interest in Greek Issues

Ariana Rockefeller, the granddaughter of philanthropist David Rockefeller Sr., said on Wednesday that she will continue to be involved in Greek issues during her meeting in Athens with Lina Mendoni, Greece's Minister of Culture. The Rockefeller heir also related that...

Greek State Borrows €625 Million at Interest Rate of Zero

Greece's Public Debt Management Agency (ΟΔΔΗΧ) announced on Wednesday that it pumped €625 million into the economy by selling 26-week Treasury Bills at a 0.000 percent interest rate. The total bids reached €1,802 million and the amount finally accepted by...

Greece Borrows With Negative Interest For the First Time in History

Greece has for the first time in history borrowed money with a negative interest rate, it was made public on Wednesday. According to a statement issued by the country's Public Debt Management Authority, during Wednesday's three-month T-bill auction, the country...

Greece Borrows €1.5 Billion at Extremely Low Interest With New 10-Year Bond

Greece managed to tap €1.5 billion on Tuesday from global financial markets after it reopened its 10-year bond to take advantage of the new, extraordinarily low interest rates. According to reports, more than 5.4 billion euros were offered to Greece,...

Strategic Cooperation with Greece and Cyprus in "US' Interest"

Reinforcing strategic cooperation with Greece and the Republic of Cyprus is "in the interest of the United States," said Yuri Kim, the US State Department official for Greece, Cyprus and Turkey, in Washington DC on Tuesday. Speaking at the 35th Session...

Bank of Greece: Interest Rates to Remain Low

Interest rates will remain at low levels for the forseeable future and European central banks could continue using quantitative easing (QE) tools, according to a report by the Bank of Greece said on Thursday. The report was presented by Dimitris...

Foreign Investors Interested in Developing New Resorts in Greece

According to Enterprise Greece, the official agency of the Greek State to promote investment in Greece, many foreign investors in the sector of tourism have expressed interest in developing plots for the creation of tourist and holiday complexes, among...

Greek WWI Memorials Attract Interest of UK Tour Operators

World War I monuments and sites in northern Greece have attracted the interest of British tour operators, who are including them in their tour itineraries. In particular, the "Salonica Front WWI" is promoted as one of the 10 top war...

Ambassador Pyatt: US has Strategic Interest in Greece

The United States has a “strategic interest” in investing in Greece after the country comes out of the economic crisis, said U.S. Ambassador to Greece Geoffrey Pyatt on Monday. The U.S. official spoke in a digital forum conference held in...

PAOK Owner Sells Tobacco Interest in $1.6B Deal

A Russian tobacco firm owned by the scandal-hit head of PAOK football club, Ivan Savvidis, has changed hands as part of a $1.6-billion deal it was reported on Friday. Donskoy Tabac (DT) was owned by the Greek-Russian mogul who made...

IMF Head: Creditors Have 'Legitimate Interest' in Supervising Greece

Greece will likely remain under some kind of foreign supervision despite exiting its bailout program in August it has been claimed. Head of the IMF, Christine Lagarde, told a German newspaper that creditors had a "legitimate interest" in monitoring Greece...