Media Markt

Visiting the capital for the first time, Rizes (Roots) Fest will be on at the City of Athens' Technopolis cultural complex (athens-technopolis.gr) on June 8, with three acts from different parts of the country. Digging deep into the archives, the festival celebrates traditional Greek folk music and dances in the spirit of the classic panigiri.

After months of negotiations, Public, a company owned by Panos Germanos' Olympia Group, and MediaMarkt Hellas, a subsidiary of German group MediaMarkt-Saturn, on Tuesday announced they are forming a new venture, with Olympia holding a 75 percent stake and MediaMarkt-Saturn 25 percent.

German electrical goods chain Media Markt is reconsidering its position in the Greek market after 13 years in the country, as - despite signs of recovery in the local economy - parent company Ceconomy appears to have lost its patience with repeated annual losses by the chain and the failure to expand its market share.