FINANCE
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Pension reform brings one billion euros worth of new measures

ilias1 - Jan 09, 2016

The imminent reform in the Greek pension system will be accompanied by a series of measures that aim to save about 1 billion euros, claims an article…

FINANCE
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Cyprus sees record rise in airport traffic in 2015

ilias1 - Jan 09, 2016

Despite the negative beginning to the year, 2015 ended with a remarkable return, delivering the best results to date, it said. According to Hermes’ data, throughout 2015,…

FINANCE
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Oil production at Prinos doubled to 3,000 barrels a day

ilias1 - Jan 09, 2016

Energean Oil & Gas has announced that following the completion of the first of fifteen planned oil wells in the Prinos area in the Gulf of Kavala,…

FINANCE
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Farming sector preparing from strike actions next week

ilias1 - Jan 09, 2016

Farmers from Thessaly are preparing to respond to the government policies of further cuts and increasing taxes with a series of actions starting next week, following a…

GREECE
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Petition to award Nobel Peace prize to the people of Lesvos

ilias1 - Jan 09, 2016

An online petition has called for the people of Lesvos and all volunteers to be awarded with the Nobel Peace Prize for their efforts in helping refugees…

FINANCE
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TAIPED announces signing of agreement for “Astir Palace”

ilias1 - Jan 04, 2016

The privatization fund TAIPED announced that an agreement was signed with Jermyn Street Real Estate Fund IV LP for the sale of the “Astir Palace Vouliagmeni SA”…

GREECE
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Varoufakis to launch a new political movement

ilias1 - Jan 04, 2016

Greece’s former Finance Minister Yanis Varoufakis announced his plans to launch his new political movement called The Democracy in Europe Movement 2025, or DiEM25 next month in…

GREECE
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Missing young men found dead in their car

ilias1 - Jan 04, 2016

Police found on Monday noon the car of the two missing young men during the investigations carried out at Messolonghi, Etoloakarnania and the wider area. The car…

FINANCE
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Moscovici: “Combat tax evasion to reduce taxes on income”

ilias1 - Jan 04, 2016

The European Commissioner for Economic and Financial Affairs, Taxation and Customs Pierre Moscovici urged Greek authorities to combat tax evasion, in order to reduce taxes on income.…

FINANCE
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In the negotiations there will be victories and defeats

ilias1 - Jan 04, 2016

Finance Minister Euclid Tsakalotos on Sunday in an interview with Kathimerini expressed optimism that the government will overcome the obstacle of the negotiations with the creditors. “In…

GREECE
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Greek-Australian travel agent sentenced to prison

ilias1 - Jan 03, 2016

Greek-Australian travel agent Alexandra Kamitsis was sentenced to three years and 11 months in prison this week for fraud, after she admitted to spending money she obtained…

WORLD
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Turkish coast guard rescues 57 stranded on tiny island

ilias1 - Jan 03, 2016

The Turkish coast guard has rescued 57 people who were stranded on a tiny island in the Aegean Sea after attempting to reach Greece. The state-run Anadolu…

GREECE
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Chinese artist Ai Weiwei to create refugee memorial on Lesbos

ilias1 - Jan 03, 2016

Chinese artist Ai Weiwei has announced plans to build a memorial on the Greek island of Lesbos to highlight the plight of refugees. Locals and aid workers…

FINANCE
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Stournaras: Greece cannot deal with another crisis with the lenders

ilias1 - Jan 03, 2016

Bank of Greece governor Yannis Stournaras gave a warning about the risk of Greece failing to reach an agreement with its lenders regarding a set of measures…

GREECE
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Severe weather as travelers return back home

ilias1 - Jan 03, 2016

Travelers returning from their Christmas holiday will face rain and snow, according to Hellenic National Meteorological Service. Forecasters warn citizens of heavy snowfall mainly in Northern Greece…

FINANCE
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Greek retail sales fall 2.5 pct year on year in October

ilias1 - Jan 02, 2016

Greek retail sales by volume fell 2.5 percent in October compared to the same month a year ago, led lower by fuels, lubricants, cosmetics and drugs, statistics…

FINANCE
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Municipalities of Gortyna, Salamina declare bankruptcy

ilias1 - Jan 02, 2016

The Municipality of Gortyna in the Cretan prefecture of Iraklio has declared bankruptcy and is to enter a “reform program” that comprises a redoubling of efforts to…

FINANCE
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Over 45,000 to be recruited into the public sector in 2016

ilias1 - Jan 02, 2016

A total of 45,737 people will be recruited into the public sector in 2016, with 21,161 being recruited into permanent positions and the other 24,576 being recruited…

GREECE
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European populism poised for troubling second wave

ilias1 - Jan 02, 2016

Populism used to be a marginal phenomenon in Europe, but it is now going mainstream. Southern Europe’s high debts and unemployment made it ripe for fringe parties…

FINANCE
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Final draft of pension system reform will be ready on Monday

ilias1 - Jan 02, 2016

The final draft of the critical pension system reform will be submitted to the institutions on Monday and is later expected to be tabled in Parliament in…