German newspaper Handelsblatt reports on Greece’s economic rebound

German newspaper Handelsblatt reports on Greece’s economic rebound

In a detailed report published Monday, the German newspaper Handelsblatt spotlighted Greece’s impressive economic performance, emphasizing its bailout loan repayment ahead of schedule.  “The country’s primary surplus is bigger than anticipated, largely due to increased tax revenues, while it is repaying bailout loans ahead of schedule,” read the report, according to a translation provided by …

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Cyprus reacts to Samaras: ‘Historic meeting, part of Cyprus’ strategy’

Cyprus reacts to Samaras: ‘Historic meeting, part of Cyprus’ strategy’

(AP/Petros Karadjias) The comments made by former Prime Minister Antonis Samaras regarding “frivolities” during the meeting between President Christodoulides and President Erdogan have sparked a response from the Director of the Cypriot president’s office, Victor Papadopoulos. “President Nikos Christodoulides did not engage in any frivolity with Turkish President Recep Tayyip Erdogan, but a discussion,” emphasized …

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Electoral rolls cleanup initiated | eKathimerini.com

Electoral rolls cleanup initiated | eKathimerini.com

The Ministry of the Interior has initiated the process of cleaning up electoral rolls, implementing a provision included in the law on postal voting, approved last January. According to an official announcement, the aim is to remove deceased voters from the rolls, particularly those abroad whose deaths were never reported to the relevant Greek authorities, …

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General strike Wednesday to impact public transport 

General strike Wednesday to impact public transport 

Greece’s main labor unions have called for a general strike on Wednesday to protest the rising cost of living and demand better wages and collective agreements. Strike action announced by GSEE, the General Confederation of Greek Workers, and ADEDY, the Federation of Public Sector Employees, will bring public transport to a standstill, while rallies will …

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Buying a house takes eight months in Greece and just four days in Cyprus

Buying a house takes eight months in Greece and just four days in Cyprus

Many foreign buyers of property utilize their assets and the resell them, reaping profits. It takes around eight months to complete a house purchase in Greece, while in Italy it takes 120 days and in Cyprus only up to four days. Issuing a property identification number without the competent authorities having been digitized is the …

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Campaign to save a Rhodian villa fallen on hard times

Campaign to save a Rhodian villa fallen on hard times

[RICHes] A drive has gotten under way to protect an architectural gem on the southeastern Aegean island of Rhodes that has fallen into ruin and been savagely vandalized. The campaign is being run by the Rhodes International Culture and Heritage Society (RICHes), which is calling on the island’s Modern Monuments Service to grant the villa …

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ADMIE: RES expansion entails major challenges

ADMIE: RES expansion entails major challenges

Greece is at a critical juncture regarding the penetration of renewable energy sources in the energy mix, a senior executive at the Independent Power Transmission Operator (ADMIE), Ioannis Margaris, said on Friday. Speaking at the 4th Innovation Forum of the German-Greek Chamber of Commerce, Margaris, who is ADMIE’s deputy chairman and general director of technology, …

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In the mind of Marco Rubio

In the mind of Marco Rubio

Sen. Marco Rubio, R-Fla., arrives to speak before Republican presidential candidate former President Donald Trump at a campaign rally at Trump National Doral Miami, in Doral, Fla., on July 9, 2024. [Rebecca Blackwell/AP] Marco Rubio looked carefully at the map of the Eastern Mediterranean spread across his desk. He focused his gaze on Greece and …

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PM vows to shield consumers from excessive electricity price hikes

PM vows to shield consumers from excessive electricity price hikes

Prime Minister Kyriakos Mitsotakis, in his weekly address on Sunday, pledged to shield consumers from excessive electricity price increases, announcing that a European Commission delegation will visit Athens to address profiteering in the energy sector. Reflecting on the 51st anniversary of the 1973 Polytechnic Uprising, Mitsotakis underscored the enduring relevance of its message of “unity …

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Cyprus posts big recovery on bad loans

Cyprus posts big recovery on bad loans

Cyprus is starting to see some positive shifts in its financial sector, particularly when it comes to tackling nonperforming loans (NPLs). This is an important issue for the country, as bad loans have weighed heavily on its economy in recent years. But this year, things are looking up, and it’s a sign that Cyprus is …

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