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Monthly Archives: June 2023

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Coast Guard continues search for shipwreck survivors off southwestern Peloponnese

Latest Greek newsBy June 17, 2023Leave a comment

Search operations continued on Saturday in the sea region 47 nautical miles southwest of the Greek town of Pylos, southwestern Peloponnese, where a fishing boat carrying migrants sunk on Wednesday, killing at least 78 people.

HFSF’s stake in Attica Bank set to rise to 72%

Latest Greek newsBy June 17, 2023Leave a comment

A legal provision on deferred taxation, for the third time in the last two years, has been triggered by Attica Bank recording a 386.6-million-euro loss for 2022, leading to a new increase in the percentage controlled by bank rescue fund HFSF in Attica’s share capital, from the current 69.5% to almost 72%.

Europol asked to help smash ring behind deadly migrant boat sinking

Latest Greek newsBy June 17, 2023Leave a comment

The same human trafficking ring responsible for Wednesday’s shipwreck off Pylos in southern Greece had ferried people from Libya to Italy 18 times in two months, according to reports.

New alert about migrant vessel two days after disaster

Latest Greek newsBy June 17, 2023Leave a comment

Italy on Friday alerted Greece to a vessel holding dozens of migrants sailing off the southern coastal town of Pylos, two sources said, just two days after an overcrowded fishing boat sank nearby killing at least 78 people.

Victim identification team establishes telephone hotline

Latest Greek newsBy June 17, 2023Leave a comment

A Migration Ministry team established to assist in the effort to identify the victims of Wednesday’s shipwreck will begin taking calls on Saturday. The Disaster Victims Identification Team telephone center, which will operate from 9 a.m. to 7 p.m. daily, will be able to deal with calls in English, Arabic, Pashto and Urdu.

Climate change spells bleak future for viticulture

Latest Greek newsBy June 17, 2023Leave a comment

Experts warn that many regions in Greece will become unfit for viticulture by 2050 due to climate change. Indeed, if the climate crisis worsens by the end of the century, few vineyards will remain, primarily in higher-altitude locations. 

Why Currys is selling its Greek arm

Latest Greek newsBy June 17, 2023Leave a comment

The likely sale of retail chain Kotsovolos is expected to create a new landscape in the domestic market of electrical and electronic household appliances, especially since it is its biggest player.

Value of bad loans managed by servicers drops

Latest Greek newsBy June 17, 2023Leave a comment

In the first quarter of 2023, the value of bad loans that have been transferred to funds and are managed by servicers amounted to 70.6 billion euros, registering a decrease of €96 million compared to the fourth quarter of 2022.

Realty woos Israelis and Turks

Latest Greek newsBy June 17, 2023Leave a comment

The main reasons why Israeli and Turkish investors invest in the Greek property market are the political and economic stability and the attractive sales prices compared to those in their own countries.

Russians so confident they’d seize Kyiv, they had packed their parade uniforms

Latest Greek newsBy June 17, 2023Leave a comment

“Peter the Great talked about a Russian window on Europe. Putin just smashed that window,” says Mark Beissinger, Henry W. Putnam Professor in the Department of Politics at Princeton University and an expert in social movements and post-communist politics, who addressed an audience of academics and students at the Princeton Athens Center on May 29.

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