Cypriot Depositors Take Money Out By Sea

With up to 80 percent of their bank accounts being confiscated by the government and tight capital controls preventing access to the rest, Cypriot...

Hydrocarbon Reserves in Greek Waters

The Norwegian seismic surveys in the waters of the Ionian islands and Crete showed that these areas are rich in oil and natural gas....

Ancient Greeks Pioneers in Technology

Many arts and sciences were born and developed in ancient Greece: music, language, sports, philosophy only to mention a few. But there is one...

Pharmathen Gets First Industry Award

The first Industry Award was received by the Greek pharmaceutical company Pharmathen at the Greek Exports Awards ceremony, an event celebrated under the auspices...

Greek Manufacturing Fell Faster in March

Austerity measures begun three years ago are slowly shrinking the manufacturing sector, according to a survey by Markit Economics, a trend that picked up...

Cyprus Says Casinos Could Ring Up $64M

Beginning what could be a long recession and economic crisis, and under austerity measures, Cyprus is planning to lift its ban on casinos in...

Chrysostomos Says Cypriot Church Will Help

With Cyprus imposing austerity measures on the order of international lenders and beginning what promises to be a long recession, the leader of Cyprus'...

Greece Gives Support To Young Entrepreneurs

In response to Greece Prime Minister Antonis Samaras’ pledge that the country will not rely purely on international bailouts and austerity, the government is...

Cypriot Politicians’ Loans Written Off

With banks confiscating up to 80 percent of uninsured deposits over 100,000 euros ($130,000) and the country facing a deep economic crisis, Cyprus has...

Prosecutors Charge 20 In Gold Mine Attack

Twenty residents in Northeast Halkididki’s village Skouries have been prosecuted for an attack against the Skouries gold mining site being worked on by a...

Turkey Wants Partition Of Cyprus

With Cyprus in an economic crisis that analysts said could last for years, Turkey said it's ready to negotiate a two-state solution on the...

Chrysostomos Sees Hard Road For Cyprus

With predictions by economic analysts that the harsh terms of Cyprus' 10 billion euros ($13 billion) bailout from international lenders will plunge the country...

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