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EuroMed 7: EU South countries Summit concludes with a joint declaration

The 5th Southern EU Countries Summit, also known as “EuroMed 7 summit”, took place in Nicosia on Tuesday 29 January 2019. Heads of State or Government of seven EU member states from the Mediterranean region convened to discuss the major challenges which the EU currently faces. Following the meeting, the …

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Turkey claims Greece tries to misappropriate Libya’s Exclusive Economic Zone

Turkey claims that Greece is trying to steal part of the Exclusive Economic Zone of Libya. Defense Minister and retired Army General Hulusi Akar presented maps to convince about his claim. According to Akar, Greece is trying to misappropriate Libya’s rights to Exclusive Economic Zone bu seizing 39,000 square kilometers …

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Best-selling author Victoria Hislop to promote Greek Tourism

Best-selling author Victoria Hislop was a surprise guest of the Greece National Tourism Organisation at WTM London, where she revealed she is hoping to work with the tourist board to transform some of her short stories into films that will “introduce people to a different side of Greece”. During a …

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Karl Lagerfeld debuts Sculpture Collection inspired by Greek Antiquity

Famous fashion designer Karl Lagerfeld has presented a sculptures collection inspired by Greek antiquity. It is the first series of sculptural works designed by Lagerfeld. The series called “Architectures” features eight functional sculptures like gueridons, tables, lamps, consoles, fountains and mirrors. The series is referred to as “the origin of …

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First direct commercial flight from Athens to Skopje after 15 years

The first direct commercial flight from Athens International Airport to Skopje took off at 6:40 p.m. on Thursday evening. On board of the plane was the deputy Prime Minister of the Former Yugoslav Republic of Macedonia, Bujar Osmanli. Osmanli had arrived earlier in Athens just for the purpose to inaugurate …

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Greece’s debt stood at €323.3bn in Q2 2018 from €309bn in Q2 2017

Greece’s sovereign debt stood at €323.378 billion at the end of the second quarter of  2018, from €309.091 billion in the corresponding quarter last year., according to ELSTAT’s quarterly non-financial general government accounts. The Hellenic Statistical Authority (ELSTAT)  announced the quarterly non-financial accounts of General Government for the second  quarter of …

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Free admission to Greece’s archaeological sites and museums on Oct 28

Archaeological sites, museums and monuments across Greece will offer free admission to public on Sunday, October 28, a national holiday, the Greek Culture Ministry said on Monday. In a statement the Ministry reminded that ticket prices for all archaeological sites and museums will be reduced during the period 1. November …

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Piece of οlive tree found on Therasia places Minoan volcano eruption earlier

A piece of olive tree found on Therasia will move the date of the explosion of the Santorini volcano a few decades later than currently estimated. The wood was found in the area “Kimissi Thirassias”, the prehistoric settlement which lies on a hillside of the island once connected to Thira …

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TITAN Cement S.A. transfers its corporate listing from Greece to Belgium

Titan S.A., one of the biggest cement producers in South-East Europe and an industrial cornerstone in Greece for 116 years, dropped a bombshell late on Thursday. The company said it is transferring its corporate headquarters to Belgium, citing difficult and expensive borrowing in Greece. Titan follows other major industrial units, …

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European Commission releases data on Funds to Greece to deal with Migration

The European Commission has published a list of recipients of funds to Greece to deal with the migration crisis. An amount totaling 1.6 billion euros has been allocated to non-governmental organizations, international organizations and Greek authorities, even though only half of it has been disbursed. The Commission released €650 million …

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Folli Follie “cooked books” for ten years, says prosecutor

A prosecutor in Athens referred to indications of fraud in the balance sheets of 18 Folli Follie subsidiaries dating back to 2007, in requesting the freezing of bank accounts and safe deposit boxes belonging to the embattled company’s principal owners, the Koutsolioutsos family, and board members. According to naftemporiki, economic …

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