September 9, 2023
FEATURED, Society, Very Mix
Epidemiologists sound alarm on severe impact of the floods to public health and warn of several diseases, such as typhus, gastroenteritis, malaria and West Nile Virus, that would break out in the flooded areas due to a large number of drown animals and flood waters to have infiltrated the sewage …
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May 16, 2022
Economy
The European Commission has revised its forecasts for the Greek economy downwards, envisaging a GDP growth of 3.5% in 2022 and 3.1% in 2023, from 4.9% and 3.5% respectively in its winter forecasts made in last February. On Monday, the Commission released its spring 2022 report on economic growth in …
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April 14, 2022
Economy
The Russian invasion of Ukraine will weigh on Greece’s growth rate, have a major impact on inflation, shrink disposable incomes and render the country’s 2022 tourism prospects less rosy, according to a new report by Moody’s Analytics. Deputy Director Michael Grammatikopoulos notes that the military conflict has led Moody’s to …
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September 18, 2020
Economy
Greek enterprises with an obligation to double-entry bookkeeping suffered losses in turnover of around 4.2 billion euros, or 17.5 pct, in July 2020 because of the pandemic, in comparison with July 2019, Hellenic Statistical Authority said on Thursday. The biggest hit was suffered by enterprises in the hospitality sector (-71.4 …
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February 27, 2020
CORONAVIRUS, Economy
Greece is highly concerned about the impact of coronavirus on economy and the tourism industry, especially now that the country has started to improve its fiscal figures and progress. The international and Greek tourist industry are sailing in uncharted waters after the outbreak of COVID19 and the biggest crash test …
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February 14, 2020
CORONAVIRUS, Economy
Tourism Minister Haris Theocharis expressed optimism that the impact of coronavirus to Greek tourism will be minimal. On the contrary, he believes that there is a chance that travelers change their behavior, move away from Asia and decide for Greece. Speaking to state broadcaster ERT TV on Thursday, Theocharis said …
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November 26, 2019
Earthquake
Prominent Greek seismologists agree that the earthquake in Albania cannot activate fault lines in Greece. However, some are concerned about the magnitude of 6.4 R that followed the 5.6 R two months ago. “There is no risk that the earthquake in Albania triggers earthquakes in Greece,” Seismology professor at the …
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October 14, 2019
Economy
The repercussions for Greece from the collapse of Thomas Cook, the second largest travel agency in the world, have not yet become fully apparent, the president of the Greek Tourism Confederation (SETE) Yiannis Retsos said in an interview with the Athens-Macedonian News Agency (ANA). He noted the damage to the …
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October 1, 2019
Uncategorized
The collapse of Thomas Cooks opened a big wound in Greece’ tourism sector. According to a survey conducted by the Greek Chamber of Hotels the financial damaged is worth 315 million euros for 2019. And it will reach over one billion euros in 2020. The survey was conducted by the …
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September 25, 2019
Economy
The Greek Finance Ministry will exempt hotels hurt by the Thomas Cook collapse from the payment of “stay-over tax.” A relevant Legislative Act is underway and it will refer for the time period from September 23 to October 10, that is for as long as the repatriation operation by the …
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May 29, 2018
Economy
When Greek politicians are outside …Greece, ‘Greece worries about the impact of the financial problems in Italy.’ When Greek politicians are inside …Greece, ‘everything is under control.’ Two contradictory statements on Two contradictory statements on the same day: one by Foreign Minister, Nikos Kotzias, and one by Economy Minister, Yannis …
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July 26, 2017
Earthquake
The powerful earthquake that stroke with a magnitude of 6.6 R caused distortions of the geological morphology on the island of Kos and the small Kara Ada islet outside the port of Bodrum in Turkey. Experts from the Remote Sensing Research Team of Harokopio University in Kallithea, Athens, found out …
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May 15, 2017
Editor
“Greece’s latest cuts extend austerity to decade mark,” Associated Press wrote this morning with reference to the new austerity package bringing measures worth 4.9 billion euros for 2018-2021. Just a decade? The country is been restructured and rescued, while parts of the society cannot afford a descent living. The upcoming …
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April 17, 2017
Politics, Turkey-GR, World
A slim victory that is a defeat in a divided country. Turkey’s referendum result is tight, with a gap of some 1.3 million votes between winner Yes and loser No. Opposition parties cry ‘foul’ because the Supreme Electoral Council allowed non-stamped ballots to be counted as valid. One and a …
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March 30, 2017
Economy
Brexit negotiations between UK and the European Union are still to start. Whatever the outcome one thing remains sure: the impact on Greek economy will be big both in bilateral and EU level, especially in trade and tourism. And this at times when Greek business struggle to survive in an …
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May 31, 2016
Society
Seventy-one percent of homeless ended up on the streets of Athens in the last five years and 21.7 percent alone in last year, a survey conducted by the Athens Municipality found. Forty-seven percent ended on the streets after losing job. Average age is 48. According to the study findings: 62% …
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January 21, 2016
Tourism, Travel
Greece remains a popular holiday destination despite the economic crisis. At least, among British travelers. According to a recent survey, 66% of the respondents consider Greece as a safe destination. And half of British travelers over 60 said that they would be happy to travel to Greece and thus “independently …
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July 23, 2015
Economy
The impact of a possible Grexit for the Greek economy and society has been outlined in a study conducted by consultancy firm Ernst & Young in cooperation with Oxford Economics. “The study was launched in March 2015 and completed end of May 2015. The purpose was to provide information to …
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June 17, 2015
Economy, Politics
The governor of Central Bank of Greece, Yiannis Stournaras wrote his annual report and forwarded it to the Greek Parliament and Tsipras’ cabinet. In his 141-page report Monetary Policy 2014-2015, the former Finance Minister of Samaras-Venizelos government warned that Greece faces an “uncontrollable crisis”, if a deal cannot be reached …
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April 20, 2015
Economy
Despite some progress recorded during the Brussels Group meeting on Saturday, creditors’ pressure against Greece remains high. It is the same indirect threat being told over and over again. That the eurozone is not afraid of a Greek exit from the eurozone as the impact would not be as devastating …
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