ION completes its takeover of Lavdas

ION completes its takeover of Lavdas

[vidarchives.gr] One of the sweetest business marriages has now become a reality, with the announcement on Thursday of the completion of the acquisition of the Lavdas candy factory by the ION chocolate industry. The relevant agreement was announced last June and provides that Lavdas will continue to operate as an independent company but with the …

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Houthi attacks turn back the clock for shipping as costs pile up

Houthi attacks turn back the clock for shipping as costs pile up

Before this year, Tobias Kammann, a German container ship captain, had only once sailed around the southern tip of Africa, and the lack of other vessels in the little-trafficked waters made him feel very much alone. But these days, there are so many ships there, he said, that “it’s a bit like the autobahn.” To …

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Cyprus battle intensifies for Intrakat

Cyprus battle intensifies for Intrakat

The ongoing legal battle between the Republic of Cyprus and Greek contractor Intrakat over the Paphos-Polis highway project is continuing to evolve into a complicated mess with multiple court cases in play. The central issues include the forfeiture of project guarantees worth 10 million euros, along with millions in damages, all stemming from the termination …

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Syrian refugees in Europe fear being forced home after Assad’s fall

Syrian refugees in Europe fear being forced home after Assad’s fall

Syrian refugees Najem Al Moussa, 36, his wife, Bushra Al Bukaai, 30, and their youngest son, Oday, 3, watch news on the events in Syria in their apartment in Athens, Tuesday. [Louisa Gouliamaki/Reuters] Najem al-Moussa was delighted when news of Syrian President Bashar al-Assad’s overthrow first beamed from the television in his tiny Athens apartment. …

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Only known living portrait of last Byzantine emperor discovered

Only known living portrait of last Byzantine emperor discovered

Conservation work inside a monastery near the town of Aigio in the Peloponnese has revealed a mural of Constantine XI Palaiologos (1405-1453) that an expert says is the only known living portrait of the last Byzantine emperor. The find was made in the catholicon of the Old Monastery of Taxiarches in Aigialeia, some 15 kilometers …

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AHI marks 50th anniversary at Athens awards dinner

AHI marks 50th anniversary at Athens awards dinner

[TNH/Dean Sirigos] The American Hellenic Institute (AHI) marked its 50th anniversary and the 50th year since Turkey’s invasion of Cyprus at its 20th Annual Athens Awards Dinner on Tuesday at the Grande Bretagne Hotel in Syntagma Square. Honorees included US Ambassador to Greece George Tsunis and philanthropists Athanasios and Marina Martinos. Representing Prime Minister Kyriakos …

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Cyprus to rely more on desalination plants as arid winters leave dams dry

Cyprus to rely more on desalination plants as arid winters leave dams dry

Cyprus will depend more on desalination plants to meet its water needs as a string of dry winters has reduced amounts in 108 dams to just a quarter of their capacity, the country’s agriculture and environment minister said Wednesday. Minister Maria Panayiotou said that as part of her ministry’s immediate plans to alleviate water shortages, …

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For incoming US ambassador to Athens, crisis-hit Greeks were ‘freeloaders’

For incoming US ambassador to Athens, crisis-hit Greeks were ‘freeloaders’

[AP] US president-elect Donald Trump’s pick for the American ambassador to Athens described Greeks during the crippling financial crisis of 2009-2018 as “freeloaders” who needed to be punished in the same way as a dog does when it “pees on the rug.” “Nobody likes freeloaders. It doesn’t matter if you made great yogurt. I don’t …

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Greek merchant fleet sees 0.4% increase

Greek merchant fleet sees 0.4% increase

The Greek-owned merchant fleet increased by 0.4% in October 2024 compared with October 2023. An increase of 0.3% was recorded in October 2023 compared with October 2022, the Hellenic Statistical Authority (ELSTAT) said on Wednesday. Additionally, the gross tonnage of the Greek Merchant Fleet, for vessels of 100 gross registered tonnage (GRT) and over, recorded …

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‘Christmas Basket’ returns with price cuts on holiday essentials

‘Christmas Basket’ returns with price cuts on holiday essentials

[AMNA] The “Christmas Basket” initiative, ushering in price reductions for six additional categories of basic products needed for the festive season, was launched on Wednesday and will apply up to January 3. It is slightly expanded compared to last year. As of next Wednesday, December 18, it will be accompanied by “Santa’s Basket,” offering lower-priced …

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