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Large multinational hotel chains are increasing their activity in Greece. The low penetration compared to the country’s hotel potential, which is far below that of other tourism destinations such as Spain or Italy, combined with the excellent prospects of tourism, are motivating the largest groups. They are constantly looking for partnerships with hotel property owners …
The return of the old rivalry between New Democracy and PASOK could be seen as the natural post-crisis evolution of political associations in Greece, after the noisy shrinking of leftist SYRIZA. But the return to the traditional two-party system does not restore the predictability of a quiet routine with the self-evident rotation in power of …
ECONOMY The Public Debt Management Agency (PDMA) announced last Friday that this Wednesday it will auction 26-week treasury bills to the amount of 500 million euros, in book entry form. Their maturity is May 30, 2025 and the settlement date is this Friday. Source link
There are strong growth prospects for tourism in Greece, with two new hotel openings already in the pipeline, Patrick Mendes, CEO of Accor for Europe and North Africa, tells Kathimerini. He also notes, as in other countries, a shift in demand toward the off-peak months, as travelers attempt to avoid overcrowding and increasingly high temperatures …
Interior Minister Nancy Faeser seen in a file photo. [AP] Two German ministers are set to visit Greece in the coming days, the country’s ambassador in Athens said on Saturday. Speaking at a German-Hellenic Business Association event in Athens, German Ambassador Andreas Kindl announced the visits of Interior Minister Nancy Faeser and Transport Minister Volker …
Police in Drama, northern Greece, have arrested a man on suspicion of human trafficking. The suspect, identified only as a foreign national, was taken into custody on Friday during a routine police check on the Drama-Amfipoli provincial road. Authorities discovered 16 undocumented migrants inside the vehicle he was driving. Police have seized the vehicle and …
The former leader of SYRIZA, Stefanos Kasselakis, officially launched his new political party, the “Movement for Democracy” on Saturday at the Michael Cacoyannis Foundation in Athens. The name was chosen following a three-day online vote among the organization’s supporters. Speaking before a crowd of supporters, including several independent lawmakers, the 36-year-old outlined his vision for …
[Shutterstock] Greek experts at the European Center for Disease Prevention and Control (ECDC) have highlighted urgent public health challenges, with a focus on antimicrobial resistance (AMR). A recent report from the ECDC, based on their April visit to Greece, reveals troubling signs of widespread drug-resistant bacteria at Greek hospitals. The experts noted that Greece and …
A two-notch upgrade of Cyprus’ debt by Moody’s is a vote of confidence in the island’s economy, the country’s president said on Saturday. Moody’s upgraded Cyprus’ long-term issuer and senior unsecured ratings to A3 from Baa2, citing a “material improvement” in fiscal and debt metrics that the rating agency expected to be sustained. It was …
The Greek government has announced the creation of 600 new clerical positions to support the ancient patriarchates of Constantinople (in Turkey), Alexandria (in Egypt) and Jerusalem (in Israel), and the Monastery of Sinai in Egypt. The move addresses decades of neglect, offering vital financial aid to clergy who have long served without salaries, pensions or …