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Monthly Archives: May 2023

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Final attempt to form coalition government fails, setting stage for new election

Latest Greek newsBy May 24, 2023Leave a comment

A meeting of political party leaders convened by President Katerina Sakellaropoulou in a final attempt to form a coalition government after Sunday’s inconclusive elections proved unsuccessful on Wednesday.

Young consumers more likely to use cash than older people

Latest Greek newsBy May 24, 2023Leave a comment

Young people are more likely to pay in cash than their elders, who opt for plastic money.

Ruling ND fears couch syndrome

Latest Greek newsBy May 24, 2023Leave a comment

The stunning result of the first election last Sunday has already been recorded in electoral history, but ruling New Democracy is pursuing mild tones ahead of the next election on 25 June, sensing the lairs that could be set in its path by complacency.

Arsonists target telecommunications company vehicle in Thessaloniki

Latest Greek newsBy May 24, 2023Leave a comment

Unknown arsonists targeted a telecommunications company vehicle parked in the municipality of Triandria in Thessaloniki, northern Greece, during the early hours of Wednesday. According to reports, the perpetrators allegedly doused the vehicle with a flammable liquid before igniting it using an open flame. The act resulted in significant damage to the rear of the vehicle,…

SYRIZA leaking in all directions

Latest Greek newsBy May 24, 2023Leave a comment

The loss of 12 points by SYRIZA, compared to the previous election, which constitutes a negative record for a party in opposition, has put it, and its leadership, on the back foot, with large spillovers to other parties.

UEFA’s National Associations Committee met in Athens

Latest Greek newsBy May 24, 2023Leave a comment

UEFA’s National Associations Committee met in Athens on Tuesday. The Greek capital last hosted a meeting of the European Confederation in September 2016, and Tuesday’s was seen as a vote of confidence in the Hellenic Football Federation​​​​.

US State Department affirms Greece as indispensable NATO ally, no update on F-35 sale

Latest Greek newsBy May 24, 2023Leave a comment

The US State Department has affirmed its recognition of Greece as “an indispensable NATO ally and partner,” but has not provided an update on the sale of the latest generation F-35 fighter planes produced by US defense giant Lockheed Martin.

Insurance production up 6.8% in Greece in Q1 y-o-y

Latest Greek newsBy May 24, 2023Leave a comment

Premium production by insurance companies operating in Greece grew 6.8% in the first quarter of 2023, compared with the same period last year, the Association of Insurance Companies of Greece said in a report.

Greek hospitality turnover grows 28.6% in Q1 y-o-y

Latest Greek newsBy May 24, 2023Leave a comment

Hospitality enterprises’ turnover grew 28.6% in the first quarter of 2023, totaling €375.26 million euros, from €291.9 million in the corresponding period last year, the Hellenic Statistical Authority (ELSTAT) said on Tuesday.

DBRS: Sunday’s vote could lead to credit improvement for Greece

Latest Greek newsBy May 24, 2023Leave a comment

The result of the general elections in Greece, with the win of New Democracy, signals the continuation of a period of political stability and the implementation of reforms that strengthen economic growth, paving the way for credit improvements, DBRS Morningstar said in a report on Tuesday.

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