Greece is fortifying its defense posture in the Aegean Sea, with Defense Minister Nikos Dendias announcing plans for a missile defense shield. Speaking during Saint Nicholas Day celebrations on Friday, Dendias said the missile shield will be capable of “preventing and deterring any thought or attempt of overturning the status quo in the Aegean, which …
The Greek economy grew by 2.4% in the third quarter of 2024 compared to the same quarter of 2023, according to the Hellenic Statistical Authority (ELSTAT). At the same time, GDP increased by 0.3% compared to the second quarter of this year. The 2.4% GDP increase came from the following changes: Total final consumer spending …
[Intime] Panathinaikos and Olympiakos were unable to meet the challenge of their second games this week and suffered painful Euroleague losses – in different circumstances. The Greens lost 91-73 at Partizan Belgrade on Thursday in one of their worst performances this season, to an opponent whose coach (Zeljko Obradovic) knows them very well. Up until …
Cyprus lawmakers have taken a significant step in tackling money laundering and illegal activities by approving a proposal to limit large cash transactions. The law, passed with 24 votes in favor and two against, amends the current Law on the Prevention and Combating of Money Laundering. The new law aims to restrict cash payments for …
Scope Ratings credit rating agency upgraded on Friday the Greek economy to “BBB” with a stable outlook, from “BBB-“ with a positive outlook. Scope was the first agency recognized by the European Central Bank to give Greece investment grade in August 2023 and is now the first to upgrade its creditworthiness within investment grade. The …
[Shutterstock] Employment in Cyprus in the third quarter of 2024 is estimated at 507,323 people, recording an increase of 2.2%, compared to the third quarter of 2023, according to data published by the Cyprus Statistical Service (CyStat) on Friday. Source link
A British tank gives covering fire to a street patrol in Athens, Greece, on Dec. 29, 1944. [AP/File] Across the street from the Temple of Olympian Zeus, the ancient monument in central Athens, historian Menelaos Haralabidis pauses in front of a drab apartment building. The building’s facade, freshly painted a mustard color, is riddled with …
Greek municipalities are pushing back against a draft bill requiring mandatory mergers of local water and sewerage utilities (DEYA), arguing it undermines local governance and autonomy. The Central Union of Municipalities of Greece (KEDE) declared its “absolute and complete opposition” to the Environment Ministry’s proposed law, which seeks to consolidate smaller utilities into regional entities. …
After four consecutive days of growth, the Greek stock market took a break from its rally, but its benchmark still managed to end up in the black thanks to a late surge that overturned an earlier decline. This five-out-of-five over the week led the main index to a new 10-week high. Traders opted for more …
[Petros Karadjias/AP Photo] Turkey’s Foreign Ministry has described the “armament activities” of the internationally recognized Republic of Cyprus as “wrong,” saying they could “start an arms race on the island.” “We see that the Greek Cypriot Administration of Southern Cyprus [sic] has recently accelerated its armament activities,” a statement from the ministry reads, adding that …