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More than 13,000 foreign nationals are temporarily housed in three eastern Aegean islands pending decisions by Greek authorities on their asylum requests, with some 7,850 hosted on Lesvos, 1,370 on…

By G. Kouros [email protected] The first post-bailout draft budget submitted to Parliament – and the last before general elections in 2019 – avoids a significant increase in tax rates, while…

By Vassilis Kostoulas [email protected] “Freezing” pension rates in Greece until 2022 and a “permanent” suspension of a pre-legislated cuts in pensions has to be done in dialogue with creditors even…

Main opposition New Democracy (ND) party retains a significant lead on the opinion poll question of who will win the next general election in Greece, according to results of a…

Thessaloniki Mayor Yannis Boutaris on Wednesday said he will not seek re-election in Greece’s second largest city. In a comment to the state-run news agency, Boutaris referred to a personal,…

Ryanair on Wednesday announced a new air route connecting Thessaloniki with Tel-Aviv, which will commence in April 2019. Two flights a week will connect the northern Greece metropolis with Israel’s…

By N. Bellos [email protected]  The European Commission has approved of the draft 2019 budget submitted by the Greek government, considering that it fully meets Stability Pact rules, a development that…

Athens ranks an unenviable last in a 2018 survey of 100 cities in terms of job prospects combined with living conditions, with the study conducted by the German firm Movinga.…

A police investigation into the death of a 33-year-old man, shown on video footage breaking out of a locked-down jewelry shop’s glass-front and then receiving repeated kicks by the owner…

By T. Tsiros [email protected] Central government debt reached 356 billion euros at the end of September 2018, with cash deposits at 21.724 billion euros. The figures come in the wake…

A Swiss-French banker and one-time fugitive facing financial crimes charges in Greece linked with weapons procurements and Siemens contracts has reportedly disappeared after cutting off an ankle monitor. Justice ministry…

By I. Zafolia  [email protected] The general index at the Athens Stock Exchange (ATHEX) posted a two-year low on Tuesday, below 600 points, with the closely watched banking index and banks’…

A State Department official on Tuesday urged Ankara to avoid statements and acts that increase tensions in the east Mediterranean, a dispatch by Greece’s state-run news agency reported on Wednesday…

Reuters on Tuesday reported that Athens risks missing out on the first tranche of returned ECB profits generated from Greek bond it and other Eurozone central banks possess, citing delays…

Ryanair on Tuesday announced a new route from Athens to Kyiv (Kiev), with a twice-weekly service commencing in April 2019, as part of discount carrier’s summer 2019 schedule. Ryanair’s Athens…

By S. Zisimos [email protected] The first two licenses for production of medical cannabis in Greece were issued this week, according to the relevant alternate economy and development minister. The approved…

UBS on Tuesday revised, downwards, its forecasts for two Greek banks’ share prospects, announcing that the target price for Alpha Bank was set at 1.43 euros per share, down from…

Greek households’ was slashed, on average, by 42 percent, where the average reduction in monthly income, during the period 2009-14, was 513 euros. The results were included in study unveiled…

Eurogroup president Mario Centeno on Tuesday expressed his conviction that thrice bailed-out Greece will remain on a “reform path” and meet its obligations to creditors. Centeno, in testimony before a…

Although non-profit, non-state universities are still prohibited in Greece – with the state’s monopoly enshrined in the constitution, no less – Politico reported on Monday that the European Union is…

The forthcoming unveiling of a proposed framework by the Bank of Greece (BoG) to manage the Olympus-sized “mountain” of “bad debt” burdening Greek systemic banks’ balance sheets has generated increased…

Costamare will take full possession of five container ships that it manages in partnership with York Capital fund, according to reports this week. The Greek-controlled and NYSE-listed shipping company, founded…

An Athens first instance justice on Monday rejected Folli Follie’s motion for temporary protection from creditors, with the beleaguered Greece-based retailer and accessory maker now facing the prospect of judicial…

By G. Fokianos [email protected] Ankara fired off more threats this week in order to scare off multinationals from drilling in Cyprus’ Exclusive Economic Zone in the eastern Mediterranean, coinciding with…

Wood & Company on Monday unveiled gloomy forecasts for Greek bank shares on the Athens Stock Exchange (ATHEX), in the wake of a downgrading by MSCI of the three out…

Bank of Greece (BoG) Gov. Yannis Stournaras met with main opposition New Democracy (ND) president Kyriakos Mitsotakis on Monday, with talks reportedly revolving on the central bank’s efforts to reduce…

A moderate earthquake measuring 5.1 on the Richter scale was reported on Monday in a sea region southwest of the Ionian island of Zakynthos. The quake was recorded at 13.05…

Greece armed forces’ general staff and the corresponding Jordanian general staff have signed a military cooperation agreement, which includes joint actions in operational sectors and training, as well as an…

The Archbishopric of Athens’ press office on Monday categorically denied same day media accounts of purported dialogues between Archbishop of Athens and All Greece Ieronymos with main opposition New Democracy…

By L. Karageorgos [email protected] Australian tourists in Greece, on average, spend the most per visit, while Turkish tourists top the list in terms of expenditure per overnight stay, according figures…