File photo. US Ambassador George Tsunis expressed confidence that Athens-Washington relations will continue to strengthen under President Donald Trump. In an interview with state broadcaster ERT, Tsunis revealed that President Joe Biden also wishes to visit Greece. He noted that he can’t speak to Trump’s intentions, but history is a good guide, highlighting that during …
The center of Athens is under heightened security on Friday as student marches and rallies are set to mark the 16th anniversary of the police shooting of 15-year-old Alexandros Grigoropoulos. His death in 2008 triggered some of the most intense riots Greece had seen in decades. A robust police force of 5,000 officers has been …
Luxury hospitality giant Four Seasons, in partnership with Hinitsa Bay Holdings, on Thursday announced plans for the redevelopment of a beachside property at Hinitsa Bay, Porto Heli, in the eastern Peloponnese, into a luxury resort and private residences. Set against the scenic backdrop of southeastern Greece, Four Seasons Resort and Residences Porto Heli will offer …
Prime Minister Kyriakos Mitsotakis announced forthcoming government intervention to address issues within the banking sector, speaking during a parliamentary debate on Thursday. Mitsotakis highlighted concerns over high fees, low deposit interest rates, and slow housing loan approvals. “We’ve asked banks to react. Their response hasn’t satisfied us, so expect government action to address the core …
Libra Group subsidiary Aria Hotels is expanding its portfolio in South America with the addition of Casa del Torno, a 17th-century mansion with four spacious bedrooms that can host up to nine guests in the heart of the Old Town of Cartagena in Colombia. Aria Hotels boasts more than 50 units in Greece and South …
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 …