Vehicular traffic between Athens and Thessaloniki has been disrupted after flooding lead to the closure of roads in a number of sections on the motorway between the two cities. Due to an increased volume of water on the highway, police ordered the closure to traffic of the section from the Malgara toll station up to…
Helicopters winched people from rooftops and military personnel used rubber boats to rescue families from floodwaters up to 3 metres deep in central Greece on Friday after a devastating rainstorm killed at least 10 people.
The death toll from storm Daniel that began battering central Greece on Monday rose to 10 on Friday while four people were still missing, according to Climate Crisis and Civil Protection Minister Vassilis Kikilias.
The government is using a carrot-and-stick approach to increase debt settlements through the out-of-court mechanism: It is tightening penalties in cases of noncompliance through provisions to be included in a bill to be tabled in Parliament around end-September.
The Federation of Hellenic Associations of Travel & Tourist Agencies (FedHATTA) has expressed strong concern about the development of the Daniel weather system, which is affecting many holiday destinations, having caused serious problems in the service of tourists at a time that coincides with the end of a season it had in focus of the…
A gang which stole luxury cars belonging to tourists holidaying in the northern Greek resort region of Halkidiki has been dismantled, police announced Friday.
Goldman Sachs expects Greek banks to show strong results in the third quarter of the year as well, following the trend of the second quarter, with further strengthening of net interest income, which will be supported by the 50-basis point increase in interest rates, to which it is estimated that the European Central Bank will…
Building permits issued in Cyprus in the first half of 2023 dropped by an annual 7.4%, with the value of the permits rising by 16.5% and the total area by 3%, data released by the Statistical Service of Cyprus (CyStat) show.
Currys said on Thursday it would give an update on its Greek business, Kotsovolos, where a strategic review is under way which could lead to a sale, in due course.
DBRS Morningstar upgraded Greece’s credit rating to investment level on Friday, ending the country’s bonds “junk status” after 13 years.