New York fund to invest 100 mln euros in Corfu resort
Reuters — NCH Capital, a New-York based investment fund, plans to spend about 100 million euros to build a luxury seaside holiday resort on the […]
New year, new taxes
Some six million taxpayers in Greece are obliged to pay roughly four billion euros into the state coffers by Dec. 30 as several tax deadlines expire on […]
ATOL research: Greece will be 4th most popular holiday destination for Brits in 2017
Tornos News — New research by travel protection body, ATOL, has revealed that Greece will be 4th most popular holiday destination for Brits in 2017 […]
EU voters upset but say no inclination to follow Brexit – poll
Yahoo News — European Union voters in France, Germany, Italy and Greece think their countries are heading in the wrong direction but there is not […]
Germany says Italy must stick to European rules on Monte Paschi
Reuters — Germany’s finance ministry expressed concern on Wednesday about Italian plans to rescue the country’s third biggest lender Monte dei Paschi di Siena saying […]
Weather warning for Chania
ERT — Regional authorities issued a severe weather warning for Chania prefecture. Crete is bracing for a cold snap as of Wednesday with heavy snowfall expected in […]
The Telegraph – Why the crisis in Greece has no end in sight
The Telegraph — While Athens has largely stayed out of the headlines, the warnings in an International Monetary Fund report this month lay bare the […]
Wealth inequality on the rise in the euro zone: ECB survey
Reuters — The concentration of wealth among the euro zone’s richest has increased since the bloc’s debt crisis began, with poor families suffering the biggest […]
Champagne prices to rise in UK in 2017 as Brexit impact bites
More proof that Brexit was a real disaster for Britain was published last week. Reuters reports that the drop in the value of the pound will hit […]
Wintry conditions expected for New Year’s Eve
Wintry weather is expected to return to Crete for New Year’s eve with dropping temperatures strong northerly winds and more snowfalls on higher ground. The […]
Sheep farmers trapped by snow at 1100 metres rescued on Boxing day
Three sheep farmers from Sfakia were trapped at their animal enclosures at Mouri, Sfakia in the White Mountains since Friday evening, when they went to […]
Greek short-term debt measures can go ahead, Dijsselbloem says
Bloomberg — Europe’s stability fund can go ahead with short-term debt relief measures for Greece that will ease the nation’s payment obligations. “I’m happy to […]
FB Elyros seaman missing on route to Piraeus
A rescue operation started at 4:30 am Friday to locate a seaman who went missing from the Piraeus bound ferry Elyros. The man was not located […]
Dublin queues for food parcels ‘absolutely disgraceful’
Irish Times — Ireland was one of the countries that were chosen by the German media as an example of success, after exiting the EU […]
EU, UN accused of mismanagement as refugees face freezing weather in Greece
The United Nations refugee agency and the European Union’s aid department have been accused by other aid groups of mismanaging a multi million-Euro fund earmarked […]