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Growthfund Deputy CEO Stefanos Giourelis. The new National Investment Fund (NIF) will go into full operation in the second half of 2025, according to officials at the 2nd Growthfund Summit of the Superfund at Zappeion Hall in Athens on Wednesday. Speaking at a discussion panel on “The Growthfund’s New Investment Fund: Expectations and Perspectives,” Growthfund …
In May 2010, Laszlo Hanyecz, an early cryptocurrency enthusiast, used Bitcoin to buy two pizzas from Papa John’s. He spent 10,000 Bitcoins, or roughly $40 at the time, in one of the first purchases ever made with the digital currency. It has turned out to be the most expensive dinner in history. On Wednesday, the …
Retail turnover. Consumers in Greece put fewer and cheaper products in their supermarket baskets in January-September 2023, as sales volume fell by 0.8%, while turnover rose 9.2% annually due to price hikes, Nielsen data show. The average price increase for the basic grocery items in that same period was 10.4% compared to last year. Development …
SYRIZA leader Sokratis Famellos (right) is seen at a meeting of the party’s parliamentary group, in the Greek Parliament in Athens on December 4, 2024. [YIANNIS LIAKOS/INTIME NEWS] Whether the election of Sokratis Famellos as leader of SYRIZA is a new start for the left or just another episode in the party’s implosion is difficult …
The Bank of Greece reported on Wednesday a significant narrowing of the spread between loan and deposit interest rates in October, following a faster decline in rates on loans than on deposits. The average interest rate on all loans fell by 19 basis points to 5.41%, with the largest decreases observed in business loans, which …
Emergency police rushed to an apartment in Athens’ Ambelokipi district on Thursday evening after a man called to report that he had murdered his wife. Upon arriving, officers found the 39-year-old man in the apartment, who told them that his wife’s body was in the attic. According to sources, police officers detected a putrid smell …
[AP] Cypriot President Nikos Christodoulides and US President-elect Donald Trump reaffirmed their commitment to further strengthen the strategic partnership between Cyprus and the US during a telephone discussion on Thursday. Posting on X, Christodoulides described having an excellent discussion with Trump. “I congratulated him on his election victory and we expressed out shared commitment to …
Almost a year after the introduction in the electricity market of “colored” rates and the dominance of the “green” special tariff – imposed by law to prevent another fiasco such as that with the “adjustment clause” – more and more consumers are now choosing the “blue” fixed tariffs. As suppliers report, 70% of their new …
A 65-year-old retired colonel has testified as a witness in the case of a 55-year-old police officer, who had been admitted to the 424 General Military Hospital in Thessaloniki for an appendectomy but was not informed of a cancer diagnosis until one year later. The witness testified that he had also experienced a similar ordeal …
A 30-year-old man who was involved in a high-speed car chase with the police on Athens’ Kifissos Highway in the early hours of Thursday has died of injuries sustained when his vehicle crashed. The chase started shortly after midnight when the 30-year-old motorist refused to stop for police who were carrying out a patrol in …