Four in five firms considered insolvent
The soaring of business financing recorded in the year’s first half with record new loans amounting to 4.2 billion euros has not kept pace with a parallel increase in worthy businesses.
Solving Cyprus
The recent commemoration of the 48th anniversary of the Turkish invasion of Cyprus is a dark reminder that a solution is long overdue.
Global supply crisis reflected in shipping rates volatility
The pandemic and now the war in Ukraine have wrought havoc in supply chains. And it is not just the shutdown of Chinese ports due to that country’s zero Covid-case policy.
Early end to rate hikes is possible
Bank of Greece Governor Yannis Stournaras last week became the first member of the European Central Bank’s Governing Council to acknowledge that the recession may end the rate hike cycle.
French, Norwegian firefighters join colleagues in Greece
Firefighters from France and Norway have arrived in Greece to help their Greek counterparts combat the numerous wildfires ravaging the country.
Akar: Greece is ‘up to something’ against Ankara
Turkish Defense Minister Hulusi Akar said Monday accused Greece of “aggressive rhetoric” against Ankara claiming that its increase in defence budget shows the country is “up to something” against Turkey.
Additional murder charges brought against woman accused of killing daughter
Prosecutors investigating the mysterious death of two children in the space of two years brought additional murder charges against their mother who is already in pre-trial detention over the killing of her hospitalized 9-year-old daughter.
Lesvos ready for more traffic from Turkey
A new Schengen entry point has opened at the port of Plomari on the island of Lesvos. It is expected to bring in more tourists, especially from Turkey.
Girl in hospital after being shot by 11-year-old brother
A nine-year-old girl was being treated for arm injuries in a hospital in Patras after being accidentally shot by her 11-year-old brother in a village in western Corinthia on Monday.
Fire service official arrested over child pornography
A Greek Fire Service official on the island of Skiathos was arrested on Sunday after police found child pornography on electronic devices.