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The Greek government has decided to endow mountain tourism with resources up to €1 billion annually to improve infrastructures and promotion, with the accommodation units in the mountainous and semi-mountainous resorts reporting occupancy rates of 80-85% for this Easter. Mountain hoteliers report serious and persistent problems that threaten their sustainability. Among the biggest is financing …
[Handout/Hellenic Police] A man has been arrested for allegedly running a small urban marijuana plantation in a rented Thessaloniki apartment, authorities said Thursday. A police statement said the 47-year-old suspect was found to be hydroponically growing 40 cannabis plants indoors in an eastern Thessaloniki flat. He was taken into custody late Wednesday by police who …
Athens’ metro line 4 faces further delays, with completion now pushed to 2032 at the earliest – and likely 2034, according to the construction consortium. The contractor, a joint venture of AVAX, Ghella SpA, and Alstom Transport SA, is challenging a February 2026 decision by Elliniko Metro setting the new delivery date at September 2032, …
ECONOMY In Wednesday’s auction of 13-week Treasury bills worth €400 million, the yield was set at 1.95%, up from 1.74% in the previous auction. Total bids submitted amounted to €946 million, oversubscribing the issue 2.37 times. Source link
File photo. Tourism Minister Olga Kefalogianni participated in a meeting on Corfu on Wednesday with representatives of local government, tourism-sector chambers of commerce, and others from the Ionian Islands to discuss tourism sector issues. Discussion focused on sustainable tourism development and strengthening the islands’ resilience through infrastructure upgrades, aiming to develop tourism and extend the …
File photo. Defense Minister Nikos Dendias on Wednesday highlighted what he described as a significant step in modernizing the country’s armed forces during a visit to military facilities focused on drone production and support. Speaking from the 306 Telecommunications Base Factory in Acharnes, where a workshop for unmanned aircraft systems operates, Dendias pointed to the …
File photo. During a roundtable discussion with representatives of the business community at the 16th Nicosia Economic Congress, Republic of Cyprus President Nikos Christodoulides noted that discussions will take place with ENI and TOTAL to reach an agreement by the end of April on the exploitation of Cypriot natural gas by 2027. Source link
[Reuters] A large majority of households in Cyprus are dealing with financial strain, according to a 2026 consumer behavior survey conducted by the Pancyprian Consumers and Quality of Life Association (PEKPoizo) in collaboration with Cypronetwork. The findings show that 66% of households are struggling to make ends meet to some extent. Only about one-third of …
[InTime News] Trader optimism on Tuesday was vindicated on Wednesday, as the Greek stock market performed a rare rally that saw its benchmark add more than 6.5 percentage points in a single session, thanks to the truce agreed between the US and Iran. If that truce holds, considering the various risks to it, markets in …
Alshaya Group announced it has acquired the rights to operate Starbucks stores in Greece and Cyprus, taking over as sole owner and operator from the Marinopoulos family, it said, adding that franchise CEO Yiannis Marinopoulos will return to the family business. The Starbucks chain began operations in Greece and on Cyprus in 2002, and now …