The US Department of State announced Saturday it has decided to approve a sale of avionics software upgrades for Turkey’s existing F-16 fleet. The deal, valued at an estimated $259 million, is the first military equipment sale to Turkey in years. Turkey has also requested new F-16s and nearly 80 …
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“Housing armageddon”: EU Parliament bans sale/renting of homes without energy upgrade
The European Parliament has passed a regulation that bans sale or renting of homes without energy upgrade. All properties available for sale or rent must incur compulsory energy upgrade costs, costing tens of thousands of euros, from 2030 onward, based on what is stated in the relevant European Union directive. …
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PM Mitsotakis’ concessions to royalists, upgrades Constantine’s funeral
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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Bill tightens wiretapping procedures by Greece’s National Intelligence
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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Greece to upgrade its infrastructure with “Smart Bridges”
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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Lights out for Greece’s Parliament to save energy
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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Greece’s Armed Forces to acquire Harpoon anti-ship missiles
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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FM Dendias: “Upgrade of Turkish arsenal by USA is a problem for Greece”
“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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Greece to finally proceed with programs for oncology patients, incl National Cancer Registry
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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Larissa military air base upgrade: Will the USA deploy flying tankers from Incirlik?
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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Greece procures advanced French radio navigation systems for airports upgrade
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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Mammoth donation by Niarchos Foundation to improve health services in 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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Fitch upgrades Greece’s credit rating to “BB” from “BB-“
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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Greece to upgrade F-16 and Mirage-2000 at a cost of half a billion euros
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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Standard & Poor’s upgrades Greece to BB- with “positive outlook”
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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Moody’s upgrades Greece by 2 notches, opens way for 10-Year bond issue
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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Upgrade of 85 Greek F-16 to Viper starts, 1.1bn project
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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Fitch upgrades Greece to “BB-” from “B” with “stable outlook”
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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Fraport reaches deal with Cosmote to upgrade telecommunications in 14 regional airports
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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Greece approves upgrade of F-16 Fleet with US, worth €1.1billion
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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