Tagged: Greek

Greek islet initiative fuels concern amid Turk officers’ hearings

A Supreme Court prosecutor on Wednesday recommended that another two of the eight Turkish military officers who fled to Greece after a failed military coup in the neighboring country should not be extradited, citing concerns about their chance of a fair trial and potential treatment in Turkey. “Even if they are Greece’s greatest enemies, they […]

Greek industrial output rises 2.3 percent y-o-y in November

Greek industrial output rose 2.3 percent in November compared to the same month last year after an upwardly revised 7.0 percent increase in October, statistics service ELSTAT said on Monday. Looking at index components, manufacturing production grew 1.7 percent from the same month a year earlier, while mining output fell 7.9 percent. Electricity production increased […]

EU Commission: ‘untenable’ situation in Greek refugee camps

The European Commission says conditions for refugees on Greek islands and in other camps where they are housed in tents despite severe cold weather, is “untenable.” Heavy snowfall has hit large swaths of Greece, including the eastern Aegean islands where thousands of refugees are stranded. Giorgos Kyritsis, spokesman for the government’s crisis committee on migration, […]

Greeks’ mental health suffering

More than half of Greeks complain of mental health problems, with stress, insecurity and disappointment among the issues most commonly cited, according to the results of a nationwide survey by the National School of Public Health, known by its acronym ESDY. Over half of the 2,005 adults polled (53.9 percent) said their mental health had […]

UNHCR concerned over refugee conditions on Greek islands

The United Nations refugee agency is urging Greek authorities to quickly move asylum-seekers to the mainland from overcrowded facilities on Greek islands, saying conditions remain bad and expressing concern over a predicted cold weather snap. UNHCR spokesman Adrian Edwards said in Geneva Friday that conditions at many sites “remain very poor” despite improvement efforts. More […]

Greek hourly labor costs up as public hirings rise, Eurostat shows

Average hourly labor costs and hirings in the public sector rose in 2016, compared to the private sector, which saw a drop, according to the latest data from Eurostat. The European statistics agency produced figures showing that average hourly labor costs in the public sector were up by 4.5 percent while corresponding costs in the […]

Cautious traders keep Greek bond yields high

Two-year Greek government bond yields traded at 7.86 percent on Tuesday, close to recent highs, as investors reacted cautiously to weekend comments from Eurogroup chief Jeroen Dijsselbloem that talks about initial debt relief measures for Athens would resume. Debt relief was frozen mid-month over Greece’s decision to pay pensioners a Christmas bonus. “I think overall […]

Greeks lost 40% of wealth during crisis

A report released by the European Central Bank (ECB) reveals that Greeks have lost 40% of their wealth. The data showed that Greeks’ median income fell from 23,500 euros before the crisis struck to 17,600 euros. According to the figures on the state of 84,000 household incomes in the Eurozone, the largest decline in wealth […]

Six in 10 Greeks see snap polls in 2017

Sixty-three percent of Greeks believe that early elections are likely next year, according to a new public opinion poll published over the weekend. The poll, conducted for Real News by MRB, found that the majority of respondents felt that a rift between the leftist-led government and international creditors, as well as growing public discontent, will […]

Greek, Turkish fighter jets engage in mock dogfight

Two pairs of Greek and Turkish F-16 fighter jets engaged in a mock dogfight southwest of Chios Thursday afternoon. The Turkish aircraft were armed and had entered Greek air space. Also Thursday, a Turkish CN-235 military transport plane violated Greek air space 19 times, authorities said.

Greek-Brazilian trade balance back in Greece’s favor

Brazilians have invested around $9 million in properties in Greece, according to data from the central bank of Brazil. Meanwhile. Hellenic Statistical Authority (ELSTAT) figures showed that the trade balance between Greece and Brazil has reverted in Greece’s favor for the first time since 2013, as in the first nine months of 2016 exports to […]

Greeks warned against traveling to Congo

The Foreign Ministry in Athens issued a travel advisory on Monday warning Greek nationals against traveling to Congo, while those residing in the central African country are advised to keep themselves informed with the latest news and maintain regular contact with the Greek Embassy in Kinshasa due to the “volatile political situation.” The ministry has […]

Greek Q3 unemployment falls to 22.6 pct from 23.1 pct in Q2

Greece’s jobless rate dipped marginally to 22.6 percent in the third quarter from 23.1 percent in the second quarter of the year, Greek statistics service data showed on Thursday. About 73.8 percent of Greece’s 1.11 million jobless are long-term unemployed, meaning they have been out of work for at least 12 months, the ELSTAT figures […]

Greek survey finds 1 in 5 internet users favor ad blockers

Almost one in five internet users in Greece, mostly men with desktop computers, utilize ad blocking tools, according to a survey by TailWind. The first Greek survey on the phenomenon showed that 19.6 percent of users employ an ad blocker, with the majority of them men aged between 18 and 34 years of age and […]

Greek lawmakers approve pension bonus that angered creditors

Greek lawmakers have approved a controversial Christmas bonus payment for low-earning pensioners that prompted bailout creditors to suspend a debt relief deal agreed upon only last week. The left-led government insisted again Thursday that it’s not doing anything that goes against the terms of its bailout deal with creditors and that it’s exercising its sovereign […]

Greek deputy minister sparks furor with island comment

Greece’s controversial Deputy Education Minister Constantinos Zouraris caused a firestorm on Wednesday after saying in passing at a press conference that it was “no big deal if Greece loses some islands,” in reference to Turkey’s recent claims to a string of islets in the eastern Aegean. New Democracy issued a statement calling on the goverment […]

Greek consumer prices deflate in November, led by durables, apparel

Greece’s annual EU-harmonised inflation rate turned negative in November after a positive reading in the previous month, statistics service data showed on Friday. The reading in November was -0.2 percent from 0.6 percent in October. Consumer prices were led lower by durable goods, apparel and footwear. The data also showed the headline consumer price index […]

Hard to comprehend Greek court decision regarding 5 Turkish officers, says Turkey

Turkey was demanding the extradition of the eight Turkish military men who fled to Greece following a failed coup in July, the spokesman of Turkey’s Ministry for Foreign Affairs, ambassador Huseyin Muftuoglu, said Friday. Responding to a question regarding a Greek appeals court’s dismissal of Turkey’s request for the extradition of five of the eight […]

Greek preschool ready to open on Imvros

Three 5-year-olds born to Greek parents on the northeastern Aegean island of Imvros, known as Gokceada in Turkish, are looking forward to the first day of school after the Turkish Education Ministry green-lighted the operation of a Greek kindergarten. “It is a positive development instigated by the community whose needs we serve,” said Lakis Vingas, […]

Greek businesses move abroad to escape austerity

Greek businessman Prokopis Makris believes moving to Bulgaria three years ago was the best decision he ever made. The accountant shut his failing furniture company in Greece and opened a business helping other entrepreneurs move to Bulgaria to escape a 29 percent tax rate, which has jumped since Athens adopted austerity as part of an […]