Latest News from Greece
Scope Ratings upgrades Greece to ‘BBB’
Scope Ratings credit rating agency upgraded on Friday the Greek economy to "BBB" with a stable outlook, from "BBB-" with a positive outlook.
Scope was the first agency recognized by the European Central Bank to give Greece investment grade in August 2023 and is now the first to upgrade its creditworthiness within investment grade.
Greece and the Fund
Europe is showing, albeit slowly, the first signs of a political awakening. The plan for a European Defense Fund is a first step toward giving the European Union a geopolitical presence.
Eight winter wonderland destinations in Greece
When you think of Greece, sunlit islands and turquoise seas might come to mind, but the mainland in winter offers a completely different charm. Snow-covered peaks, stone-built villages, and lush green landscapes thrive under crisp skies.
The return of Bulgari: they revive the first store of the family, in Paramythia
The return of Bulgari to Greece is a fact. Procedures are underway for the purchase of the first store opened by Sotirios Bulgaris, the founder of the eponymous brand, in Paramythia, where he was born in 1857 and began his career as a jewelry craftsman.
Greek defense plan: Dendias announces fortified security in the Aegean
“The Navy remains the continuator of these traditions, namely, Greek sovereignty in the Aegean. And it also remains the guarantor of the sovereignty and sovereign rights of Hellenism at sea,” Nikos Dendias said, during his address at the Naval Cadet School, on the occasion of the celebration of St. Nicholas, patron saint of the Navy.
Greece establishes public sector data protection committee
Greece has launched a Data Protection Committee to streamline personal data management and enhance security across central government ministries.
OECD against low VAT rates
In its report for Greece, the OECD recommends reductions in the use of low rates and exemptions currently in force for VAT, in tax exemptions and in the tax-free threshold applied to income. It also proposes increasing taxes on products such as tobacco, and imposing a special consumption tax on fat and salt.
Mitsotakis’ expected Beirut visit and the challenges facing Lebanon
Steven Howard, the Director of Policy and Outreach at the American Task Force on Lebanon (ATFL), joins Thanos Davelis ahead of Prime Minister Kyriakos Mitsotakis' expected visit to Beirut look at the current situation on the ground in Lebanon, what to expect from the new US administration here, and how Greece and Cyprus can be helpful as we consider Lebanon's future.
Power subsidy set at just 1.5 cents per kilowatt-hour
The increase in wholesale electricity rates has largely been absorbed this month by major power suppliers, including market leaders Public Power Corporation (PPC) and Protergia. As a result, the Energy Ministry announced on Friday a minimal subsidy for electricity bills, amounting to 1.5 cents per kilowatt-hour, covering nine out of 10 households in Greece for December.
Hooligan links to drug cartel exposed
Police have arrested more than 20 people involved in drug trafficking, marking the second major operation within a week.
The arrests, led by the Narcotics Division, were based on encrypted communication records from the Sky ECC and EncroChat apps, which have been linked to organized crime activities.
American Farm School celebrates 120th anniversary
Thessaloniki may be looking proudly at the future after finally acquiring a subway system on November 31, but there are many more things that the northern port city can boast.
IRIS: The unknown secrets of free money transfers by the CEO of DIAS
Unknown details about the IRIS system, which allows free money transfers between friends, and DIAS S.A., the hub that connects all banks for money transfers, were presented on Friday morning by the CEO of DIAS, Stavroula Kampouridou.
As she specifically stated:
Electricity: Subsidies of 1.5 cents per kilowatt-hour for residential consumers in December
The Ministry of Environment and Energy announces today, Friday, December 6, 2024, the amount of the emergency support for electricity bills concerning December consumption.
Specifically, the subsidies for electricity in residential tariffs and for all primary and secondary residences, without income criteria and regardless of the supplier, are structured as follows:
Mobile phone exploded while charging – The mattress caught fire, owner suffered burns
A young man in Greece had quite an ordeal when his mobile phone “exploded” during charging.
According to the mother of Haris, who spoke to OPEN, the incident occurred early this morning.
Tsunis: US ties deepening
US Ambassador George Tsunis expressed confidence that Athens-Washington relations will continue to strengthen under President Donald Trump.