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Greek News

Greek Lawmakers OK 2015-18 Budget

By a vote of 150-119, the Greek Parliament approved a budget plan for the years 2015-18 as part of a deal with international lenders, a blueprint that expects the country's seven-year recession to end this year but for unemployment...

Legendary 'Pony' Car Set to Return to Greek Streets

More than 30 years have passed since the last Pony buggy hit the Greek streets, but a Thessaloniki company is preparing to relaunch the famous contraption. NAMCO, run by the Kontogouri family, will launch a completely new model of the so-called “poor man's Jeep”, famous...

Acropolis Museum Reopens After Hoax Bomb Threat

The Acropolis Museum and an adjacent subway station in Athens were evacuated on Friday afternoon after an anonymous call warned that a bomb would go off inside the building. Greek police said the call appeared to be a hoax.  At 2.35 p.m. an...

National Bank Completes 2.5 Billion Share Sale

The National Bank of Greece (NBG) announced on Friday it had successfully completed its equity offering, with its new shares priced at 2.2 euros each as the order book closed Thursday. NBG aims to raise 2.5 billion euros to boost its...

Coast Guard Data Show Increase of Immigrant Arrivals

Figures from the Greek Coast Guard released on Friday show 142% more immigrants arrived during the first four months of 2014 than in the same period last year. Figures show that a total of 4,363 would-be migrants were stopped by the Coast Guard...

Only 12% of Greeks Pay by Card

According to a survey by the Foundation for Economic and Industrial Research (IOBE), the use of debit and credit cards remains very limited in Greece. In fact, one in every three cardholders used them for transactions under 50 euros, with the average...

Financial Crisis Sparks Cigarette Smuggling in Greece

Nearly a quarter of tobacco products used in Greece are likely to have been smuggled in to the country, according to the latest data from the Center For Planning and Economic Research (KEPE). KEPE's survey aimed to define the extent of...

Rising Tourism in Athens, El. Venizelos Filled with Travelers

Travelers in the International Airport of Athens increased by 28% this April compared with the same month of 2013. The fact that Catholic and Orthodox Easter were celebrated at the same time this year, in combination with the large increase...

Greek Ministry Protects Social Dividend from Banks

The total amount of money paid to 200,000 beneficiaries as a social dividend sums up to 133.2 million euros. Up to 205,912 households had already applied until the end of the first deadline, initially set May 3. Successful applicants...

The Greek Model Conquering American Catwalks

Illiana Papageorgiou, a 26 year-old model from Patras, southern Greece has been conquering the American fashion world since winning the title of Miss Universe 2011 and has collaborated with famous fashion houses such as Dolce&Gabbana and Roberto Cavalli. The hellenic beauty now lives and works in New York,...

Concessions for 3 Reserves with 3.3 Million Oil Barrels to Be Signed Wednesday

The Prime Minister Antonis Samaras as well as the government Vice President and Foreign Minister Evangelos Venizelos will attend a ceremony on Wednesday, May 14, in which agreements for hydrocarbon explorations, surveys and extraction/production in three separate areas of...

Venizelos Denies Saying PASOK Would Walk

PASOK chief Evangelos Venizelos, serving in the coalition of Prime Minister and New Democracy leader Antonis Samaras, said he never suggested the Socialists should quit the government in a speech to his lawmakers aimed at boosting morale before this...

Greek MERS Patient Still in Critical Condition

The Greek healthcare worker who contracted MERS (Middle East respiratory Syndrome) is still in critical condition, the doctors said. The illness proves to be fatal in one-third of the infection cases and there is no known treatments for the...

Refugees From Syria Get Polio Vaccines in Greece

Health authorities in Greece are on high alert due to the increased risk of polio infection from refugees from the East who pass the country’s borders. The disease is found in more and more immigrants and refugees who come from...

Trivago: Greece Among Cheapest European Destinations

Greece is the fourth cheapest European holiday destination this May, according to a survey by online travel agency Trivago. Despite an increase of 14.1% on the average online price per night for a double-bed hotel room to 89 euros compared to 78...