Greece
Business
Greek Olives and Olive Oil Exempt From US Tariffs on EU Goods
Greek olive oil and olives will be exempt from the recent tariffs imposed by the US government on a variety of European Union products, it was announced on Thursday.
The Office of the American Trade Representative recently published its full...
Greece
Greek Olive Oil Industry Holds Its Breath After US Given Green Light to Impose $7.5 Billion in Tariffs
The Greek olive oil industry is waiting anxiously to find out whether its iconic products will be included on the list of items subject to tariffs, after Wednesday's decision by the World Trade Organization (WTO) to allow the US...
Business
Greek Feta Receives Exemption From Proposed US Tariffs on EU Products
Greece's Agricultural Development and Foods Ministry announced on Wednesday that it gained an exemption from an approximate ten percent levy on Greek feta cheese from the US' Trump administration.
The American government plans to impose tariffs on EU products worth...
Economy
Greek-American Trade Body Asks Trump to Reconsider Steel Tariffs
Controversial steel and aluminum tariffs imposed by U.S. President Donald Trump this week have been condemned by the Greek-American Chamber of Commerce.
In a statement, the trade body said it urged the American government to "reconsider the issue of customs duties...
Greece
Half-Million Greeks now on Social Electricity Tariffs
More than half a million Greeks have joined the social residential electricity tariffs offered by Greece’s Public Power Corporation (DEI). According to the data provided to the Greek Parliament by Deputy Minister of Environment, Energy and Climate Change Asimakis Papageorgiou,...
Diplomacy
Europe Shies Away from Tough Action Against Turkey
European Union leaders meeting in Brussels on Thursday decided to impose a limited list of sanctions against Turkish individuals and companies associated with Ankara's illegal drillings in the eastern Mediterranean, but failed to agree on tough sanctions, as had...
Diplomacy
Greece Calls for the Suspension of EU-Turkey Customs Union in Diplomatic Offensive
Greece has asked the European Union to examine the possibility of fully suspending its customs union with Turkey, as Athens launched a new diplomatic offensive against Turkey’s repeated and ongoing provocations in the Mediterranean.
In a letter to the European...
Economy
US Secretary of Commerce Meets Greek PM to Discuss Investment
The many investment opportunities offered by Greece and efforts to achieve closer cooperation between Greece and the US in the trade sector dominated a meeting between Prime Minister Kyriakos Mitsotakis and US Secretary of Commerce Wilbur Ross at Maximos...
Business
Greek Olive Oil Info Site Celebrates 3rd Anniversary
What does an American from Pennsylvania have to do with Greek olive oil? Quite a lot, these days. And Greece produces a lot of olive oil: more than all but two other countries in the world. This small nation...
Greece
Reports Says Greece is not Under a Bailout Program but is Still in the Danger Zone
The American tariffs, Italy's hostility towards Brussels, and Greece's fragile economy post-bailout are a danger to the global economy, says ''Capital Economics''.
''Greece is not under a bailout program but is still in the danger zone'', say the analysts of...
Diplomacy
U.S. President Donald Trump Stops Over at Souda Base on Crete
Air Force One landed on Souda U.S. base on Crete at 3:07 on Sunday for refuel with President Donald Trump on board on his way to Singapore for the critical meeting with North Korean leader Kim Jong Un.
"Air Force...
Economy
Greek PM Tsipras Announces Welfare Handouts of 1.4bn Euros
The Greek government will distribute one-off welfare benefits totaling 1.4 billion euros, which was made possible by the economy's outperformance, Prime Minister Alexis Tsipras said on Monday.
“For a second year, we are in a position to distribute a social...
Economy
Final Bids for Greek Gas Grid Sale Expected by Year's End
The Greek government wants to get binding offers from investors shortlisted for a 66% stake in state-controlled natural gas grid DESFA by the end of the year, two sources close to the process said on Wednesday.
Under the terms of...
Business
Foreign Companies Express Interest in Greek Gas Grid
Six companies express interest for the 66 percent stake in Greece's natural gas grid operator DESFA, the country's privatisation agency said on Monday.
The interested investors are: Macquarie Infrastructure and Real Assets; a consortium of Italy's Snam, Belgium's Fluxys, Dutch-based...
Economy
DESFA Sale Puts Strain in Greece-Azerbaijan Business Relations
The apparent failure of the agreement between Azerbaijan’s State Oil Company (SOCAR) to buy 66% of Greece's natural gas distribution network (DESFA) is putting a strain between Athens and the Azeri government.
According to a real.gr report, Azeri authorities are dissatisfied...