News archive of May 2024

China's Xi calls for Middle East peace conference

Chinese President Xi Jinping called on Thursday for a peace conference on the war between Israel and Palestinian militant group Hamas as he addressed Arab leaders and diplomats at a forum in Beijing.

China is this week hosting Egyptian President Abdel Fattah al-Sisi and several other Arab leaders for a forum at which discussions on the war in Gaza were expected.

Cypriot NPLs drop below €2 billion

Total nonperforming loans (NPLs) to Cypriot banks have dropped below 2 billion euros, specifically to €1.9 billion. At the end of 2017, NPLs amounted to an astounding €20.5 billion, and at their peak in 2014-2015, they had reached nearly €28 billion.

Attica Governor Hardalias attends Shanghai tourism conference

Attica Regional Governor Nikos Hardalias attended the ITB China 2024 Conference in Shanghai from Monday to Wednesday, reaching agreements with Chinese participants in the travel-related meeting.

The Region of Attica shared a kiosk with the Greek National Tourism Organization (GNTO) at the annual event, which focuses on China's domestic travel market.

Olympiakos triumphs in Conference League final

Olympiakos has become the first Greek club to win a European cup as on Wednesday it defeated Fiorentina in the Europa Conference League final in Athens.

The Reds defeated the Italian team 1-0 in extra time and triggered a night-long party across Greece, thanks to a goal five minutes from the end of the additional 30 minutes.

Distortions in food prices

The correct government initiative to control the "selective" pricing by multinationals in Europe's markets must be complemented by comprehensive inspections into the distortions in the domestic market. 

Examining costs farmers face

The Competition Commission is shifting from just checking the course of prices from producers to retailers, into probing the entire value chain, starting from the costs that farmers face.

ATHEX: Benchmark drops to a month-low

The decline of stocks continued on Wednesday at the Greek bourse, with the benchmark yielding significant ground as its drop accelerated and it closed at the lowest point of the day. It has also fallen to its lowest point in over a month. The announcement of the takeover of insurance company Europe Asfalistiki by Intracom led to a decline in the latter's price. 

Helmos Mountain Festival embraces nature at UNESCO geopark

Nature buffs have the chance to spend four days enjoying a UNESCO-listed global geopark next month, at the Helmos Mountain Festival. In its second installment, running from June 21 to 24, the event at the Kalavrita Ski Center offers ample opportunity to connect with nature. 

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