Kathimerini

A clearer picture is expected to emerge this week regarding the Cypriot government's course of action on the reduced value-added tax (VAT) rate on fuel and electricity, government spokesman Konstantinos Letymbiotis told Kathimerini Cyprus.

Greek tourism has all the requirements to develop into a sustainable source of national wealth that will stand out among the international competition. The country's natural and cultural capital has unparalleled potential.

Steve Vranakis, former Chief Creative Officer for Greece, spoke on Greece as a brand during the "Reimagine Tourism in Greece" initiative held by Kathimerini.

Vranakis emphasized the need to reinvent the Greek tourism sector, highlighting that Greece has regained its credibility.

Αn iconic beach club on the popular Greek holiday island of Mykonos that was found to be in flagrant violation of multiple zoning, environmental and public access laws is demolishing more than 200 square meters of illegal constructions.

May was uncharacteristically chilly this year and many part of the country experienced rain on half of the month's days, while short-term forecasts point to wet and cooler days in the first part of June as well.

European nationals are showing a huge interest this year in rural Greek realty, led by pensioners and those approaching retirement, estate agents have told Kathimerini, adding that they often make their acquisitions even before the completion of properties' construction.

The stunning result of the first election last Sunday has already been recorded in electoral history, but ruling New Democracy is pursuing mild tones ahead of the next election on 25 June, sensing the lairs that could be set in its path by complacency.

From the depths of the financial crisis last decade, Greece's economy is now one of the fastest-growing ones in Europe's common-currency zone.

"Europe starts in Berlin and reaches Athens and goes through all the Balkans. Without the Balkans, without Greece, there can be no European Union," says the former president of Germany, Christian Wulff (2010-2012), in an interview with Kathimerini looking back on the difficult relationship between Greece and Germany during the years of the economic crisis.

The fact that consumption in Greece is robust, despite stable salaries and high prices, means that Greeks are using their savings, notes Organization for Economic Cooperation and Development (OECD) Senior Economist Tim Bulman.