Greek authorities are investigating an unmanned surface vessel of Ukrainian technology found off Lefkada, in what officials described as a serious development with potential implications for security, shipping and relations with Kyiv. The Magura-type sea drone, carrying explosives and indications it had participated in a strike mission, was transferred Saturday to facilities of the Underwater …
A Lufthansa airliner with 184 people on board made a safe unscheduled landing at Athens International Airport late Monday shortly after taking off for Munich. Lufthansa said all passengers evacuated the plane by inflatable chutes and in the process three people were lightly injured and taken to hospital for first aid. Flight LH1753 from Athens …
[Shutterstock] Illegal, unlicensed eldercare facilities operating in apartments and hotels across Greece are exposing a deepening crisis in long-term care for the elderly, authorities say. The latest case – a foul-smelling Athens apartment where malnourished elderly residents showed visible signs of fear and neglect – followed a similar raid days earlier in Rethymno, Crete. Experts …
Fitch Ratings has affirmed Cyprus’ long-term foreign-currency issuer default rating (IDR) at “A-” with a “Positive Outlook.” Cyprus’ ratings, Fitch said, reflect income per capita levels above the “A” median, strong fiscal out-turns and policy credibility supported by EU and eurozone membership. These strengths are balanced by slightly weaker governance indicators than peers, vulnerabilities in …
Industrial production in Greece increased by 8.3% in March, while output in the manufacturing sector in particular rose by 5.5%. According to the figures the Hellenic Statistical Authority (ELSTAT) released on Monday, the general industrial production index increased by 8.3% in March compared with the corresponding index in March 2025, against an increase of 3.2% …
The ministers of tourism, Olga Kefalogianni; and environment and energy, Stavros Papastavrou, presented on Monday the proposed Special Spatial Planning Framework for Tourism focusing on sustainable development, destination resilience, and protecting the country’s natural and cultural assets. The proposed framework is to remain posted until May 25 for a period of public consultation before submission …
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Greece has paid dearly in the past for its inability to prepare for its predictable demographic decline. It happened with the social security system, which required violent adjustments that caused great pain. Now, there is a risk that it will happen again with the elderly care system. The demand for welfare services is inevitably increasing. …
The tax audit mechanism is hunting down undeclared card terminals (POS) in a bid to uncover businesses concealing taxable income and bypassing the new online monitoring systems. These businesses issue receipts that appear legitimate to customers, but the transactions are never transmitted to the Independent Authority for Public Revenue (AADE) through its electronic system, preventing …
As expected, Fitch Ratings affirmed the ‘BBB’ credit rating for Greece last Friday, leaving no mark on proceedings at Monday’s bourse session at Athinon Avenue. Instead, it was a number of corporate moves anticipated that will likely leverage some foreign funds, benefitting the entire market, with energy stocks being at the heart of the action …