Prices of supermarket goods rising faster
A series of food commodities have seen price hikes of up to 10% since the start of the month, pointing to a further increase in inflation after February’s 7.2%.
PM had to make some quick decisions
When Russia invaded Ukraine on February 24, Prime Minister Kyriakos Mitsotakis was not among those taken by surprise.
War sanctions may cost 2% of Cyprus GDP
Cyprus stands to lose up to 2% of its gross domestic product in 2022 if the Russian flight ban remains in effect throughout 2022, DRBS Morningstar rating agency said on Monday, noting that the war in Ukraine will negatively impact growth this year, although “it should not derail Cyprus’ medium-term prospects.”
Welcome to Londongrad, where kleptocrats wash their money clean
Britain is having a hard time quitting its addiction to Russian money.
Russian airstrike at NATO’s doorstep raises fears of expanded war
Russia launched a barrage of airstrikes Sunday against a military base in western Ukraine where US troops had trained Ukrainian forces just weeks earlier.
HSBC sells local network to Pancreta
HSBC announced on Monday it had agreed to sell its branch operations in Greece to local bank Pancreta Bank, as the lender further sharpens its focus on its biggest market, that being Asia.
ATHEX: Index keeps small share of gains
The Greek stock market lost most of its early gains on Monday but still managed to end the day in the black thanks to a strong performance by the banking sector.
Alternate FM meets with assistant secretary of state in Washington
Bolstered defense ties between Athens and Washington, Greek-Turkish relations, energy security and the war in Ukraine topped the agenda of talks between Greece’s alternate foreign minister, Miltiadis Varvitsiotis, and US Assistant Secretary of State for European and Eurasian Affairs Karen Donfried in Washington on Monday.
PM thanks Erdogan for Covid recovery wishes
Kyriakos Mitsotakis on Monday thanked Turkish President Recep Tayyip Erdogan for extending his wishes for the Greek premier’s recovery from Covid-19.
Fixed-term contracts of municipal workers extended
The contracts of part-time workers at municipalities who were hired in to meet the increased needs arising from the Covid-19 pandemic will be extended until May 31, according to Interior Minister Makis Voridis.