Study Shows Greek Jobless Will Hit 28%

With Greek unemployment already at a record of 26 percent, a study by the auditing company Ernst & Young showed it could reach 28...

BBC Asks Why No Mosque in Athens?

In a report, the BBC highlighted that Athens is the only European Union capital without a mosque and explored the tensions surrounding the quest...

Greek Banks Bad Loans Hit $62 Billion

Whacked by big losses from government-imposed debt write-downs on investors that means they will need a recapitalization of some 50 billion euros ($66 billion)...

Greek Retailers Take 40% Hit

Greek retailers faced their worst Christmas sales turnover in a decade, posting a reduction of about 40 percent compared to 2011 across the debt-laden...

Alcohol Tax Hike Cuts Greek Sales

Just as increased taxes on restaurants and bars have driven down sales and revenues, a big hike in taxes on alcoholic drinks in Greece...

Greece Mulls Lower Restaurant Taxes

A near-doubling in taxes on restaurant sales has backfired, driving out customers, closing 4,000 establishments in a year, and producing lower revenues, leading the...

Greek Whisky Made In Larissa

Known more for wine and some underrated beers, as well as the exquisite brandy Metaxa, Greece has a whisky too. Argiris Taramonlis, a retired Colonel...

Troika Bailout Will Cost Cyprus Its Gas

Economic and social chaos has hit Cyprus big time. Owing to the mishandling of the economy, corruption and incompetence, the entire nation is now...

Some Greek Companies Duck The Haratsi

While working Greeks are lining up to pay a doubled property tax being put into their electric bills, critics are arguing that some businesses...
Authentiko is one of the last standing traditional Textile factories in Greece

The Last Traditional Textile Factory in Greece

The business and tradition of Greek doilies is about to become extinct in Greece. Perikles Toumbektsis,  the owner of perhaps the only small textile factory remaining...

Greek Eco Racer Ready To Roll

A team of undergraduate and graduate students from the Technical University of Crete (TUCER) have designed and constructed a prototype, low-consumption urban vehicle, a...

Mirambelo Wine Takes World Runner-Up

The Cretan wine Mirambelo 2010 Peza was listed second best for the festive Season in Financial Times by famous sommelier Jancis Robinson. Kotsifali and...

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