Canada’s Eldorado Gold  has won a key battle in its ongoing row with Greece after an arbitration panel ruled in favor of the company’s technical plans to build a metallurgy plant to process  concentrate mined from Skouries and Olympias in Northern Greece. The panel rejected allegations that a technical study …

Canadian Eldorado Gold made a last minute U-turn and put on hold its previous decision to suspend its operations in northern Greece. Allegedly, its effort to increase pressure on Greece at highest possible level incl. the Canadian prime Minister, the European Commission and the International Monetary Fund have failed. A …

Greece plans to start an arbitration process in September to settle its differences with Canada’s Eldorado Gold Corp over its gold mine development plans in northern Greece, its energy minister said on Thursday. Greece had previously planned to start the process this month. “We have decided to resort to arbitration …

Eldorado Gold will face Greek officials in an arbitration court later this month as the country’s government sees the move as the preferred way to settle its differences with the Canadian miner. The country’s Energy Minister George Stathakis met representatives from Eldorado’s local unit Hellas Gold in Athens on Wednesday to discuss …

Prime Minister Kyriakos Mitsotakis is to carry out a planned visit to Himare, Livadhja and Dervician in southern Albania on Thursday, where he will have meetings with members and representatives of the Greek ethnic minority in the neighboring country, the prime minister’s press office said. The visit was originally scheduled …

There have been serious complaints that employers in Greece are forcing their employees to go to work thought they are tested positive to Covid-19. According to media, some of the complaints refer to a well-known chain of stores. The employers’ advice to sick employees is “Take a Paracetamol and come …

Foreign Minister Nikos Dendias made it clear that Greece’s sole dispute with Turkey that can be solved in the International court of the Hague is the boundary of the continental shelf and by extension the delimitation of the Exclusive Economic Zone. In his second message to Ankara, Dendias stressed that …

The staff of International Monetary Fund (IMF) has published the preliminary findings after paying a visit to Greece in the context of the 4. post bailout program enhanced surveillance review. Stressing that “The views expressed in the staff report and do not necessarily represent the views of the IMF’s Executive …

The union of Athens Metro workers will launch two work stoppages on Friday, October 19, 2018. The first work stoppage will start with the begin of the early morning shirt until 9:00 a.m. and the second will start at 11:00 p.m. until the end of  the night shift. The workers …

Hellas Gold, the Greek subsidiary of Canadian Eldorado Gold, has filed an Application of Payment demanding a compensation of 750 million euros from the Greek state for delays in its investment project in Skouries. Prompt was the reaction by the Greek Energy Ministry that said Skouries was only one of …

Greece submitted a draft bill to parliament late on Friday, a bill fully packed with austerity measures worth 5.1 billion euros and counter-measures worth 1.5 billion, in an effort to sweeten the bitter pill to thousands of pensioners and employees. The bill outlines reforms in the energy, pension and labor …

Shares in Eldorado Gold were slightly up on Tuesday after the company announced full-year production that came in line with production guidance, but suspended its semi-annual dividend payment “pending the results of the technical reports and potential subsequent capital requirements.” In a press release, the Vancouver-based miner revealed that, including …

A group of ten workers at the Eldorado Gold mines managed to bypass police and entered the Development and Environment Ministry in Athens on Wednesday morning. Miners clashed with riot police when a larger group attempted to enter the ministry. Police made limited use of teargas. The 150 workers had …

Canadian Eldorado Gold Corporation announced it would suspend investment at its mines and development projects in Greece as of September 22nd 2017 due to a delay in permits from the Greek government. In a statement issued on Monday, the company said no additional investment will be made into the Olympias …

The crisis between the Greek government Canadian mining Eldorado Gold and its Greek subsidiary Hellas Gold moved to a new level of escalation on Thursday, when the junior partner of the coalition government accused the Greek subsidiary of  “fraud” and “money laundering.” The claims came from other than the leader …

Hidden cameras and microphones with direct audio and video monitoring. Greece football federation ‘spied on players and staff for years using hidden cameras and listening devices’. A committee appointed by FIFA accused the Greek Football Federation EPO of monitoring employees, players and coaches in what it calls a heavy blow …

Christine Lagarde, the managing director of the International Monetary Fund, was found guilty on Monday of criminal charges linked to the misuse of public funds during her time as France’s finance minister, a verdict that could force her out of her post. Ms. Lagarde, who began her second five-year term …

With unacceptable irony, intimidating remarks and political “bullying”, the Managing Director of International Monetary Fund, Mme(?) Christine Lagarde, attacked Greeks at the Eurogroup meeting in Luxembourg on Thursday. “For the moment we are short of a dialogue, the key emergency is to restore the dialogue with adults in the room,” …

“This is junta!” Giorgos’ comment is very clear when I ask him what does he think of ERT’s shutdown. “An overnight decision that brings totally upside down. That’s the very point: the citizen does not know what will happen to him, from one day to the next.” Giorgos, 30,  is …

We will have to spend more time with Madame. Madame Christine Lagarde, managing director of International Monetary Fund, who narrowly escaped the total embarrassment for her and the organization she leads. French magistrate decided on Friday not to place her under formal investigation over role in businessman Bernard Tapie scandal. …