Latest News from Greece

Amusement park owner remanded over fatal August accident

The owner of the amusement park that claimed the life of a 19-year-old last August in Halkidiki, northern Greece, has been remanded in custody pending trial after testifying before an investigating magistrate.

His wife and the operator of the ride were released on bail, however, with the latter also required to report regularly to his local police station.

Pulping books and rewriting history

How are historical myths constructed and imposed? By silencing and concealing facts, even by destroying documents and testimonies. Occasionally, even by pulping books. In 1973, the Army History Directorate (AHD) finally published the book "The Liberation of Greece and the Subsequent Events (July 1944-December 1945)," which had been in preparation since the 1960s.

Bulgaria Remains Last in the EU for Material Well-Being and GDP per Capita in 2023

Bulgaria continues to rank at the bottom of the European Union in terms of material well-being and GDP per capita for 2023, according to the latest data from Eurostat. The country's "actual individual consumption" (AIC) is 30% below the EU average, which is equivalent to 70% of the European average.

Greek stocks find love as turnaround efforts pay off

Greek stocks are fast becoming a popular option for investors, with some expecting an upgrade to coveted developed-market status next year, as the economy outpaces its eurozone peers and bank stocks roar ahead.

The Athens General Stocks Index has risen 13.1% so far in 2024, building on a near 40% jump last year, and outperforming the Europe-wide STOXX 600's 7.7% gain this year.

October posts major rise in accommodation turnover

Turnover for Greece's accommodation businesses jumped 17.7% in October compared to last year, while turnover in the food service sector was only 5.1% higher year on year, figures released by the Hellenic Statistical Authority Tuesday showed.

Türkiye takes helm of NATO’s mine countermeasures unit

The command of NATO's countermeasures group responsible for naval mine operations and training in the Mediterranean, Black Sea and Aegean has been transferred from Romania to Türkiye.

Turkish Naval Capt. Kürşat Kurnaz assumed the command from Romania's Capt. Sebastian Barote during a ceremony held at the Mine Fleet Command in the Turkish coastal city of Erdek.

Olive oil: From peak to plunge in prices

The trajectory towards the limit down that olive oil has been charting internationally and in Greece lately is clear, even with a cursory glance at price fluctuations.

Greece’s new budget and the state of the economy heading into 2025

Greece's parliament has just approved the 2025 budget, with Prime Minister Mitsotakis highlighting measures designed to help mostly lower income households in the face of rising costs.This also includes measures that relate to Greece's banking sector which have received a lot of media attention.

The avoidable criticism to bankers, K.M. from Lebanon to Brussels and from Ioannina to Lapland with Meloni, the kings and citizenship

-Greetings, in the aftermath of the recent budget debate and its approval, I am jotting down some thoughts and observations. So, first of all, everyone is wondering why bankers had to wait for the government to legislate in order to cut fees that cost no more than 35 million euros per bank when their profits range from 800 million to 1 billion euros each.

Military streamlining camps, repurposing land

Greece is overhauling its military infrastructure, with the first phase of a sweeping reorganization set to close 10 non-critical army camps and merge five units by December 31.

Commission: Two-month deadline for Greece to comply with railway safety laws

The European Commission has called on Greece to comply with the European Union's directive for railway safety in a letter of formal notice. 

The directive covers safety requirements on the railway system as a whole, such as revising the role of national safety authorities and reallocating responsibilities between them and the European Union Agency for Railways.

Amusement park owners and operator to testify over fatal August accident

The owner of the amusement park, his wife and the operator of the ride that claimed the life of a 19-year-old last August in northern Greece, are set to testify on Tuesday for the felony charges of homicide with possible intent and attempted homicide.

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