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Monthly Archives: August 2017

Greece’ economy ministry to launch funding programs for SMEs in Tourism

In the upcoming period, the Greek economy ministry will launch ten EU funding programs totalling 600 million euros for the support of new business ventures or the upgrade of existing enterprises. The funding – within the “Competitiveness, Entrepreneurship and Innovation” (EPAnEK) Operational Program – are mainly aimed at small and medium-sized (SMEs) …

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Tsipras tells Greek learning Briton: ” You could even become finance minister” (video)

Prime Minister Alexis Tsipras visited the Impact Hub Athens, a structure that supports the development of entrepreneurship and innovation through business model development projects that have a positive social impact. The Prime Minister was guided through the premises, was briefed about the project and had the opportunity to chat with …

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Young Frenchman dies as he attempts graffiti on train wagons in Thiseio

A 19-year-old Frenchman died while he was attempting to paint graffiti on train wagons. According to suggestions, the man got electrocuted. Together with two friends of the same age, the young Frenchman had arrived at the urban train ISAP station <Thiseio> short before 7:30 Wednesday evening. While he was between …

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Dramatic moments on board when Blue Star Patmos runs aground off Ios island

Ferry BLUE STAR PATMOS remain aground off the island of Ios on Thursday morning and inspection is expected to continue during the day. On board is half of the 87-member crew, while the other half and the 205 passengers were evacuated short after the accident occurred in the early morning …

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Greece’s shadow economy is 21.5% of GDP, says German IAW

Some countries have much larger shadow or unofficial economies than others. Greece’s shadow economy is worth over a fifth of its total output, and Italy’s isn’t far behind, says a research by German IAW. However, the chart refers only to selected industrialized countries. And Germany is not doing much better… …

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National Meteo Service warns of “express” weather deterioration with rain, storms, hail

Greece’s National Meteorological Service (EMY) has issued a ‘weather deterioration’ report and warns of extreme rainfalls, storms, hail and very strong winds in several regions across the country. The EMY warning refers to today, Tuesday, and tomorrow, Wednesday, August 29-30 2017. The forecast predicts that the extreme weather deterioration will …

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Greece’s private sector bank deposits increased for 3. consecutive month

Private sector bank deposits increased for a third consecutive month in July 2017, according to the Bank of Greece (BoG), with the total reaching 121.25 billion euros during that month, nearly a billion euros above the figure for the previous month of May 2017. “Nevertheless, deposits in the still bailout-dependent …

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Ancient sanctuaries described by Pausanias emerging from underwater in Salamis

An underwater ruin that could be the remains of a public building situated near the port of Salamis in antiquity – possibly one seen and mentioned by the traveler and geographer Pausanias in the 2nd century AD – is gradually emerging following an archaeological investigation of Ambelakia bay near the …

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Debt cut for Greece not on the agenda for now, says Schaeuble

Greece must press ahead with implementing its reforms-for-aid program and become more competitive, German Finance Minister Wolfgang Schaeuble was quoted as saying, adding that debt relief for Athens was “currently” not on the agenda. Euro zone finance ministers and the International Monetary Fund reached an agreement on Greece in June, …

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