Scope Ratings upgrades Greece to ‘BBB’

Scope Ratings upgrades Greece to ‘BBB’

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 …

Read more

Cyprus employment rises 2.2% in Q3 2024

Cyprus employment rises 2.2% in Q3 2024

[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

Municipal union rejects forced mergers of local water untilities

Municipal union rejects forced mergers of local water untilities

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. …

Read more

ATHEX: Best week for index in over 18 months

ATHEX: Best week for index in over 18 months

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 …

Read more

Turkey warns of ‘arms race’ on Cyprus

Turkey warns of ‘arms race’ on Cyprus

[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 …

Read more

Corps Deserte | Athens | Through to December 12

Corps Deserte | Athens | Through to December 12

Eleanna Prasopoulou’s solo exhibition “Corps Deserte” opens Friday at Art Zone 42 (42 Vasileos Konstantinou). Through abstract close-up photographs, the artist explores the human body, with its curves resembling barren landscapes. The black-and-white images create a continuous composition, symbolizing the endless “horizon” of the body. Prasopoulou’s work invites viewers to reflect on emotional isolation and …

Read more

Gov’t plans ‘missile protection wall’ in the Aegean

Gov’t plans ‘missile protection wall’ in the Aegean

[InTime News] The government plans to create a missile protection “wall” on the Aegean islands within the framework of its Agenda 2030 reforms for the military, Defense Minister Nikos Dendias has said. In a address to the Hellenic Naval Academy on the occasion of the feast day of the navy’s patron, Saint Nicholas, Dendias said …

Read more

Erdogan hopes Syrian rebels will advance, but raises alarm about some fighters

Erdogan hopes Syrian rebels will advance, but raises alarm about some fighters

Turkish President Tayyip Erdogan attends the G20 summit in Rio de Janeiro, Brazil, November 19, 2024. [Pilar Olivares/Reuters] Turkish President Tayyip Erdogan has said he hoped Syrian rebels will continue their advance against President Bashar al-Assad’s forces in Syria, but voiced concern about what he said were terrorist organizations in their midst. Erdogan told reporters …

Read more

24 detained ahead of protests marking Grigoropoulos shooting anniversary

24 detained ahead of protests marking Grigoropoulos shooting anniversary

File photo. [AP] Police in Athens detained 24 people on Friday ahead of protests marking the anniversary of the fatal police shooting of 15-year-old Alexandros Grigoropoulos in 2008. Despite heavy rainfall in the capital, around 5,000 police officers are expected to patrol the city, focusing on the Exarchia neighborhood where the shooting took place. Police …

Read more