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  • Private-label products continue to see sales grow during crisis

    By Dimitra Manifava Private-label products in Greece have shown remarkable growth since 2007 as lower prices compared with brand products render them particularly popular in conditions of reduced disposable income, according to a survey by ICAP research company published on Tuesday.The average annual rate of turnover growth for products bearing the label of the supermarkets selling them ...

  • EU frontloads disbursement of subsidies

    By Nikos Chrysoloras The European Commission proposed on Tuesday that the European Union should continue contributing 95 percent of funding to subsidized projects in both Greece and Cyprus through 2015.According to EC calculations, this measure would ease the disbursement next year of 400 million euros for Greece and 20 million euros for Cyprus of cohesion funds.Brussels has said that this ...

  • Young Actor Thomas Protopapas Loses Battle for Life

    After six weeks in the intensive care unit, Thomas Protopapas left his last breath spreading pain and grief not only to his family, but to all of Greece. Unfortunately the good news never came for the young man, who was hospitalized in the KAT Hospital in Athens and suffered from a severe infection. Thomas Protopapas was seriously injured in a car accident on the motorway Attiki Odos, when a ...

  • Samaras meeting with Gazprom CEO paves way for gas privatization

    Prime Minister Antonis Samaras insisted on Tuesday that attracting foreign investment to Greece was the ...

  • Samaras Sets Sights On Reducing Unemployment

    (AP Photo) There are more than 1.3 million people in unemployment lines in Greece queuing for sharply reduced benefits that run out after a year, leaving them on their own. ATHENS - Satisfied that he's quelled social unrest and gotten Greece back on track to recovery with more austerity, Greek Prime Minister Antonis Samaras has set his sights on bringing down the country's record 27 ...


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Movie Review

The Orphanage (El Orfanato)

The Orphanage (El Orfanato)

Juan Antonio Bayona's The Orphanage (El Orfanato) begins with a curious image: a shot of a cloudy sky in which the sunlight is still burning through, but just barely, which creates an evocative portrait of the struggle between light and dark. It also projects a premonition ... ...

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  • Kalpakis Charged With Stealing $4M From Clients

    MINEOLA, N.Y. - Nassau County District Attorney Kathleen Rice announced that a disbarred attorney has been indicted on multiple felonies on charges of stealing more than $4 million from multiple individuals and banks he was representing in real estate deals, including his own wife. James Kalpakis, 52, of Old Westbury, was arraigned on May 21 on a grand jury indictment charging him with two ...

  • UPDATE 1-Gazprom pushes for concessions in sale of Greeces DEPA

    Tue May 21, 2013 2:28pm EDT * Binding bids for DEPA due May 29 * Sintez, SOCAR to bid for DEPA's gas grid unit DESFA (Adds meeting between Gazprom chief and Greek Prime Minister) By Harry Papachristou ATHENS, May 21 (Reuters) - Gazprom is squeezing Athens for better terms to buy DEPA, Greece's sole retail gas distributor, a Greek official said, as the Russian gas export monopoly ...

  • Volunteerism sees significant rise during crisis in Greece

    The economic crisis appears to have generated a new spirit of volunteerism in Greece, a country where this social activity has not been particularly widespread in the past.A survey made public on Tuesday suggested that there has been a 44 percent increase in the number of Greeks taking part in volunteer projects since 2010, when Greece signed up to the EU-IMF bailout.The opinion poll, carried ...

  • ECB funding to Greek lenders keeps dropping

    European Central Bank funding to Greek banks fell by 10.5 billion euros in April while emergency liquidity assistance (ELA) from the ...

  • Ex-chiefs of Bank of Cyprus Popular Bank say Piraeus deal was ‘bad’

    The former presidents of Bank of Cyprus and of Cyprus Popular Bank (Laiki), Andreas Artemis and Andreas Filippou respectively, stated on Tuesday that they had not signed the agreement for the concession of the two ...

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