Friday , November 16 2018

Recent News

From “Xenophon” to “Zorbas”: Medicane Forecast Sept 27-30/2018

From barometric low “Xenophon” to Medicane “Zorbas.” Stormy winds blowing with intensity 9 and 10 Beaufort are sweeping across Greece and ferries remained docked for second consecutive day on Thursday. On several islands schools remained closed on Thursday and will remain closed also on Friday as Xenophon will keep sweeping …

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Capital Controls: Greece lifts cash withdrawal cap as of 1. Oct 2018

After three years and three months, Greece will lift the cap on cash withdrawals as of 1. October 2018. It herewith completes the so-called “second pillar” of Capital Controls imposed in the country on end June 2015. The Finance Ministry has issued the relevant decision on Thursday, Sept 27th 2018. …

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Moody’s keeps Greece’s sovereign credit at B3, positive outlook

Ratings agency Moody’s keeps Greece’s sovereign credit rating unchanged at B3, with a positive outlook, in a credit opinion it issued on Wednesday. The international ratings agency noted that Greece’s prospects will remain positive as long as the government sticks to the reform program it has pledged, which illustrates that …

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Zak Kostopoulos: Policemen under investigation after new video

LGBT rights activist Zak Kostopoulos may had managed to escape the worst from the fierce kicks by a jeweler and his friend last Friday, but he did not escape further abuse in the hands of policemen. The Ministry of Public Order and the Greek Police ordered on Friday disciplinary investigation …

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Latest iPhone models sold out in Greece in just three days

A record 10,000 iPhone XSes and iPhone XS Maxes were sold in only three days in Greece – from last Friday to Monday evening. On Friday, when orders began, Greeks spent some 6 million euros in total to gain a place on the privileged list of those who will among …

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Greeks owe €182.billion in tax arrears to the state

Data from the Independent Authority for Public Revenue show tax arrears totaled 182.5 billion euros ($214 billion) on Aug. 10, according to a note sent from the agency to parliament last week and seen by The Associated Press Wednesday. € “The Greek government is owed so much in tax arrears …

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Mediterranean Cyclone “Medicane” forecast for Ionian Sea on Friday

Meteorologists forecast a ‘Medicane’, a Mediterranean Cyclone, in the Ionian Sea on Friday, September 28th 2018. The rare phenomenon of a tropical-style cyclone occurs twice a year in the Mediterranean basin. “There is a possibility that a relatively unusual phenomenon, a Mediterranean cyclone or ‘Medicane’, will occur in the south …

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