Kavala President Denies Accusations of Staging Games

In response to accusations of staging soccer games, Stavros Psomiadis, President of soccer team Kavala,  claims that UEFA is not making an accurate assessment...

Greece Begins Talks On Bond Swap Program

Greece began talks with international bankers Thursday over a proposed bond swap program amid widespread uncertainty about the details of the plan and one...

Lack of Funds for Greek Public Crèches

Up until now, 1.565 applications have been made by Greek parents who wish to send their children to public crèches. However, the Greek...

French Banks Agree on Greek Debt Rollover

French banks and insurers have agreed to reschedule €15bn worth of Greek debt as part of an EU rescue package to stabilise the eurozone,...

How much Does Private Greek Education Really Cost?

 Greek families spend over 5 billion dollars on private schools and lessons. This sum corresponds to the money the government uses for the Public Education. According...

Fake Banknotes on Corfu

10.000 fake banknotes have been confiscated by the police on Corfu. The authorities received information regarding counterfeit money being used by two Romani. Thus after careful surveillance, the two were arrested. After an...

Moody’s Devalue Credit-Worthiness of Banks in Cyprus

The biggest credit agency Moody's Corporation, has devalued the credit-worthiness of banks in Cyprus. The agency ranked Cyprus two scales less, from A2 to BAA1. According...

Paper Company “Diana” Faces Serious Economic Problems

Deputies of the left-wing party "Democratic Left" Fotis Kouvelis, Grigoris Psarianos, Thanasis Levendis and Nikos Tsoukalis posed a question to the Minister of Labour...

Exhange of State Bonds Commence in August

The Deputy Minister of Economics Philippos Sahnidis confirmed on Tuesday that the exchange of state bonds will start in August. As a result,...

Greek Officials Confiscate Money from Iranian

  An Iranian man was hiding €160.000 and $100.000 in his car. The large amount of money was confiscated by the Greek Custody in Kipoi. The man...

Loss of Taxes due to Contraband Cigarettes

The Port Police-Hellenic Coast Guard have published evidence regarding contraband cigarettes & , trafficking. From 01/01/2011 until 21/07/2011, it was revealed that 17.184.005 packets of...

China Ambassador To Greece: Must Push Forward With Reform, Privatization

Greece must push forward with structural reforms, including privatization in certain industries, China's ambassador to the country, Luo Linquan, said Sunday in an interview...

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