January 13, 2023
FEATURED, Greece, Politics
Pressure from pro-royalists lawmakers and voters of conservative ruling New Democracy forced the Prime Minister to upgrade the funeral of Greece’s former King Constantine. Despite the initial decisions for a funeral as a private person, no lie to state and government representation only by the culture Minister, PM Kyriakos Mitsotakis …
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November 16, 2022
FEATURED, Greece, Politics
Greece’s government has posted online for public consultation a draft legislation with the aim to optimize the wiretapping procedures the National Intelligence Service (EYP) is required to take to wiretap citizens. At the same time, the draft bill updates the process of lifting the confidentiality of communications, and upgrades the …
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November 7, 2022
Society, Very Mix
Infrastructure and Transport ministry has launched the large project “Smart Bridges”to upgrade the relevant infrastructure network across Greece. The project is in the final stretch and thus in a sector that, according to all the experiences of the previous years, is suffering: the monitoring and maintenance of public infrastructure. According …
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September 13, 2022
Economy
The exterior lighting of the Parliament building in central Athens will not be switched on at night as part of the national effort to save energy. By decision of Parliament Speaker Kostas Tasoulas, the lighting on the front and sides of the building will be discontinued, while only the perimeter …
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June 30, 2022
Uncategorized
Greece’ Parliamentary Armament Committee has given the green light for the acquisition of 50 “Harpoon” anti-ships, surface-to-air missiles. The regular Harpoon uses active radar homing and flies just above the water to evade defenses Until recently, the US had refused to release these missiles to Greece. The constant request of …
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May 12, 2022
Greece, Politics
“The upgrade of Turkish arsenal by the USA is a problem,” Greece’s Foreign Minister Nikos Dendias told the Parliament on Thursday, during the debate on the Mutual Defense Agreement between Greece and the USA scheduled to be ratified today. In the shadow of the “rumored” decision of the Biden administration …
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February 4, 2022
FEATURED, Social, Society
On the World Cancer Day 2022, Greece’s health ministry announced to finally proceed a series of programs for oncology patients. Among others, these measures include “Home Care”, the upgrade of care for cancer patients via technology and a National Cancer Registry as Greece is one of the few European countries …
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December 3, 2021
FEATURED, Greece, Politics
The USA are preparing for the upgrade the military base of Larissa in Central Greece with new constructions and infrastructure improvement also with the aim to be able to host flying tankers from the Incirlik air base in Turkey. The project is been activated after Greece and the US signed …
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May 14, 2021
Economy
Τhe agreement for the procurement of advanced radio navigation systems for Greek airports was signed by Transport & Infrastructure Minister Kostas Karamanlis and French multinational company Thales in Athens on Friday, state news agency amna reported. As a manufacturer of aerospace technologies and defense security systems, Thales will provide 29 …
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February 7, 2020
Greece
The Stavros Niarchos Foundation (SNF) will proceed with a mammoth donation to improve health services in Greece. In the framework “Initiative for Health” that creates partnerships between the state and private organizations, the SFN will build two general hospitals, one children hospital and provide equipment to already existing hospitals. The …
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January 25, 2020
Economy
Fitch ratings agency on Friday upgraded Greece’s credit rating to ‘BB’ from ‘BB-‘, saying that GDP growth and fiscal prudence were leading to government debt remaining at sustainable levels. The upgrade puts the Balkan country two notches below investment grade. The ratings agency also upgraded its outlook to “positive” from …
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December 5, 2019
Greece
The Ministry of National Defense has submitted a bill to the Parliament including among others the upgrade of fighter jest F-16 and the Follow-On Support/FOS of Mirage-2000. The total cost exceeds half a billion euros. The draft law envisages enhancing the operational performance and dynamics of F-16 aircraft as proposed …
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October 26, 2019
Economy
Standard & Poor’s has upgraded Greece’s credit rating by one notch to BB- with a positive outlook, saying another upgrade could follow within the next year. The agency says a potential future upgrade would depend on the center-right government’s continuing to implement economic reforms and also on an improvement in …
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March 2, 2019
Economy
Rating agency Moody’s announced on Friday it has upgraded Greece’s sovereign credit rating by two notches to “B1” with a stable outlook, from the “B3” rating with a positive outlook it had granted Greece just over a year earlier. Economists expected this upgrade to assist Greece in its next foray …
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September 14, 2018
Greece, Politics
Τhe upgrading program for 85 F-16 fighter jets with the Block 70/72 Viper system will be formally launched on Monday, Lockheed Martin’s VP Business Development Initiatives in Europe Dennis Plessas said at a press conference in Thessaloniki. Revealing the time table of the upgrade, Plessas said that ” a great …
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August 11, 2018
Economy
Global rating agency Fitch Ratings upgraded the long-term foreign currency issuer default rating on Greece to ‘BB-‘ from ‘B’. The outlook on Greece is stable, Fitch said on Friday. Greece’s banking sector is getting better, Fitch noted, adding that the country’s relationship with its European creditors has “substantially improved”. The …
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May 11, 2018
Economy
Fraport Greece and Greece’s biggest telecoms provider Cosmote announced they have reached a deal to upgrade the telecommunication systems in 14 regional airports on Thursday. According to the announcements, Cosmote will install telecommunication system, upgrade telecoms and IT infrastructure at the airports facilities. Among others, Cosmote will offer a private …
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April 29, 2018
Greece, Politics
In an extraordinary meeting, Greece’s Government Council of Defense and Foreign Affairs (KYSEA) approved the program for upgrading 85 fighter jets F-16 of the Hellenic Air Force. The program is worth 1.1 billion euros and has been approved after the US accepted the Greek proposal for payment in installments. The …
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February 22, 2018
Uncategorized
In a surprise move, ratings agency Moody’s upgraded Greece‘s credit rating to B3 from Caa2, maintaining the positive outlook. Moody’s cited “material fiscal and institutional improvements” under the current adjustment programe, which will be sustained in the coming years. This should support economic recovery and banking sector. Furthermore, Moody’s said …
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January 20, 2018
Economy
S&P Global Ratings on Friday raised Greece’s foreign and local currency long-term sovereign credit ratings to ‘B’ from ‘B-‘, citing improvements in the finances and fiscal outlook for the debt-laden south-eastern European nation. “Our ratings on Greece are supported by the unusually low cost of servicing much of its general …
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