Category Archives: Latest Greek news

Reports note strength of Greek banks’ results

More positive reports on Greek banks have come out from Canadian ratings agency DBRS and US financial services company Jefferies Group. 

Shake-up and rebuilding

A failure in the state mechanism is usually followed by staffing changes that are mainly intended to placate public anger.

The government needs rowers

New Democracy secured a second term in Greece’s June general election by promising a systematic approach to addressing public issues.

Tension rises at Cyprus migrant squat

Police in Cyprus were dispatched on Monday night to quell a brewing riot at a residential complex in Chloraka, a village some 3 kilometers from Paphos, on the island’s southwestern coast, that has reportedly been taken over by migrant squatters.

Fewer funds available to startups

Greek startups, including those based abroad and founded by Greek expats, have, so far this year, drawn $872 million from 83 investors. But the financial climate is more reserved than last year, and even more so than the almost free-for-all 2021.

Flyers thrown at the German consulate in Thessaloniki

A group of people threw flyers at the German Consulate located on Megalou Alexandrou Avenue in Thessaloniki on Monday afternoon inscribed with messages of support for Turks in prisons in Germany.

Fraport Greece increases turnover, profitability

Fraport Greece, which manages the country’s 14 largest regional airports, saw its first-half turnover increase 37.4%, to €191 million.

Traditional Greek Music | Naxos | August 15

Marking one of the most important holidays in the Greek Orthodox calendar, the Naxos Festival (naxos festival.gr) is holding its own “panigiri” at the Bazeos Tower on August 15.

The benefits of a debt upgrade

It is widely expected that Greek debt will finally return to investment grade for the first time since 2010. Some minor credit rating agencies have already gone ahead with the upgrade, though none of the “big four” have done so yet.

Weapons infrastructure upgrade urgent

The explosions in late July at a Hellenic Air Force ammunitions depot near the town of Nea Anchialos in central Greece has prompted a discussion on new security and fire safety protocols, and the replacement of tired infrastructure that can only just accommodate the military’s increasingly modern technological capabilities.