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  • Greece’s big economic recovery – for investors

    A year ago, Greece seemed on the verge of leaving the euro zone. Depositors were draining their savings from Greek banks and a radical left coalition that advocated a halt on debt repayments - default, in other words - seemed sure to win the election.You wouldn't recognize Greece today. Its credit rating has been upgraded, the Athens stock market is on fire and 10-year government bond ...

  • Just 5 pct of tax fines cashed in

    By Prokopis Hatzinikolaou Less than 5 percent of fines imposed on taxpayers by administrative courts in recent years have reached public coffers despite efforts being conducted through changes in tax legislation.Finance Ministry data show that the fines imposed for tax cases add up to 14 billion euros, or 7.2 percent of gross domestic product (GDP). This concerns fines imposed by the ...

  • Greek shipowners choose Chinese shipyards

    Greek shipowners have chosen Chinese shipyards for the construction of at least 60 percent of the new vessels ordered in the last few years, Merchant Marine Minister Costis Mousouroulis told journalists in China in the context of Greek Prime Minister Antonis ...

  • April meets revenue target from taxation

    The Finance Ministry confirmed on Monday that April was the first month this year that the targets for both direct and indirect taxes were achieved, as the budget deficit is less than half of what had been forecast.In the first four months of the year the balance of the budget showed a deficit of 2.425 billion euros against a deficit of 9.148 billion in the same period last year and a target for ...

  • National Bank announces reverse split and recap details

    By Yiannis Papadoyiannis National Bank has announced a reverse stock split in the context of its recapitalization, whereby 10 old shares will be traded for a new one at a price of 4.29 euros each, from 0.429 euros before the reverse split.The governing board of National decided on Monday that with the reverse split the existing number of 1,226,601,200 shares will be reduced to 122,660,120 ...


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Movie Review

Tears of the Sun

Tears of the Sun

Antoine Fuquas Tears of the Sun is a deeply confused film. On the one hand, it is a harrowing, often brutally violent look at the ravages of civil war in the African nation of Nigeria, replete with horrific images of ethnic cleansing, gang rape, and mutilation. On the other hand, it is a reactionary Bruce Willis action movie, according to one hack critic, The best since Die Hard! Ot ... ...

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  • Anti-racism legislation divides coalition

    A contentious anti-racism bill appeared to be causing an ever-widening rift within the fragile coalition government on Monday, as the two junior partners, PASOK and Democratic Left, pushed for it to be submitted to Parliament without delay, conservative New Democracy insisted on key changes being made, while Justice Minister Antonis Roupakiotis appeared set to resign if his bill is watered ...

  • Arsonist in racially-motivated attack in Athens claims hes part of a citizens patrol

    A 34-year-old man charged with setting fire to a store in central Athens last week has told police that he is part of a ...

  • Greek week continues Little Greek Restaurant

    Little Greek Restaurant franchise, which says it offers Greek food with an American touch, is coming to Little Rock, taking over the site that housed Cheeburger Cheeburger in ...

  • Greek-By-Choice Pedro Olalla Honored

    The Laboratory of International Relations and European Integration of the University of Macedonia is organizing an event to honor the Greek-by-choice Perdo Olalla, with the main subject, The role of humanism (at 12.00, at the University's event hall). Pedro Olalla Gonzalez de la Vega, born in 1966, in Oviedo, Spain, has multiple qualities: Hellenist, philologist, translator and filmmaker. ...

  • Piraeus Banks one-off profit masks losses

    Piraeus Bank said on Monday day that profits surged in the first quarter, after a one-off gain on the book value of its Cypriot bank operations masked the effect of rising bad loans caused by the ...

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