Thursday , January 17 2019

Recent News

Greece-Ecuador-Australia: Joint police operation to dismantle cocaine-trafficking ring

A major police operation in cooperation of Greek, US and Ecuador authorities to dismantle an international cocaine-trafficking ring is underway on Wednesday. Simultaneous arrests are taking place in Greece and Ecuador after authorities in the Latin American country found and confiscated 300 kg cocaine on a yacht. The yachts was …

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Authorities order opening of bank accounts of former PM Simitis, two ex ministers

“Investigation is welcomed, I have nothing to hide,” former Prime Minister Costas Simitis said in a short statement issued on Wednesday just hours after daily Ta Nea revealed that the anti-money laundering authorities have ordered the opening of Simitis’ and his close relatives. “Relevant publications focus on slander. And I …

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Greece holds 4. place in property taxation in the EU, real estate prices on the rise

When it comes to property taxation, Greece holds the fourth place in the European Union, after France, UK and Belgium, a study conducted by the Foundation for Economic and Industrial Research (IOBE) has shown. . Property Taxes (left): Greece after France, UK and Belgium. Repeated Property Taxes (right): Greece after …

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Greek archaeologists say ancient city of Tenea settled by Trojan POWs located

Greece’s Culture Ministry has said that archaeologists have located the first tangible remains of the lost ancient city of Tenea that, according to tradition, was first settled by Trojan war captives after the Greeks  sack of Troy. In a statement Tuesday, the ministry said excavations from September to early October …

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Norwegian frigate sinks after collision with Greek-owned tanker

There go 400 million euros under water and the captain’s career. The Norwegian frigate “KNM Helge Ingstad“ sank deeper in the water in the night from Monday to Tuesday, just days after its  crew ignored warning signals by a Greek-owned tanker that a collision was imminent. The pictures made public by the …

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Crete: Drunken priest punches police officer, bites another

A drunk priest on the island of Crete punched one police officer and bit another after he was stopped for driving down a local road the wrong way. The priest was found on Sunday night to drive a lane in Herakleio’s main avenue the opposite way. He was driving under …

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Civil Servants in Greece launch 24-hour strike, Nov 14/2018

Public sector union ADEDY will launch a 24-hour strike on Wednesday, November 14th 2018. The planned protest rally to the Greek Parliament will disrupt traffic in downtown Athens. The union demands pay raise as well as increase of pensions. Both have been reduced several times since the bailout agreements in …

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Bank of Greece’s plan to reduce non-performing loans by €40billion

The Bank of Greece is reportedly drafting a plan to reduce non-performing loans of Greek systemic banks by 40 billion euros. The plan will be included in a Financial Stability report to be released by the end of the week, reports Athens news agency amna on Tuesday citing sources. The …

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Tsipras tries alliance of Social-Democrats, Greens and the Left ahead of EU elections

Greek Prime Minister Alexis Tsipras tries to build a broader alliance among the progressive forces of Europe, ahead of the EU elections in May 2019. “Social Democrats and the Left must meet on the basis of a progressive plan for the 21st century in Europe,”Prime Minister Alexis Tsipras said addressing the …

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One dead, nine injured in traffic accident with migrants in North Greece

One woman died and nine people were injured in one more traffic accident with migrants in northern Greece. The traffic accident occurred at a side road of Egnatia Highway near Thessaloniki at 8 o’ clock Tuesday morning. According to local media, the driver did not stop at a police signal …

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