Tag Archive | "8/11/2012"

8/11/2012: Business: Joblessness to hit 28 pct in 2013

Climbingunemployment, disinvestment and a shrinking of the country’s technological stock are causing its productive base to subside, a labor expert said yesterday. “The resources required to finance the economy will be huge and can’t be found,” Savvas… Full News here – Kathimerini English

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8/11/2012: Business: Jan-july deficit.

Greece’s state budget deficit in the first seven months of the year was 13.2 billion euros compared with a budget target of 14.8 billion euros, according to preliminary figures from the Finance Ministry. The primary deficit in the period was 3.1… Full News here – Kathimerini English

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8/11/2012: Business: Stournaras turns up pressure in tax evasion fight

Under strong pressure to finalize an 11.5-billion-euro package in budget savings in 2013 and 2014, and against heavy odds, Finance Minister Yannis Stournaras yesterday embarked on a battle to disprove the troika’s apparently firm belief that Greek… Full News here – Kathimerini English

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8/11/2012: Business: Apparel chains struggle as Greek crisis takes toll

FGreece was once viewed as the “best-kept secret” among foreign luxury brands wishing to expand. The remark was made back in 2008 by the then president and CEO of LVMH Moet Hennessy Louis Vuitton’s Celine fashion brand, Serge Brunschwig. At that time… Full News here – Kathimerini English

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8/11/2012: F Ocus: Keeping up a Volos tradition

Every evening at dusk, the youngsters of the city of Volos in central Greece dash out into the streets when they hear the familiar sounds of bells and clopping hooves. This is the time that the elegant Italian-designed horse-drawn carriage starts… Full News here – Kathimerini English

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8/11/2012: F Ocus: City to highlight its Turkish ties

Almost every day sees a traffic jam forming outside the Turkish Consulate complex on Thessaloniki’s Apostolou Pavlou Street, as students pour off tour buses to take commemorative photographs in front of the plaque bearing the name of the founder of the… Full News here – Kathimerini English

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8/11/2012: F Ocus: Inspecting seabed unrest

In the wake of slightly elevated seismic activity in 2011 and at the start of 2012, Greek and foreign scientists are for the first time seeking to monitor underwater volcanic activity in the Santorini caldera by placing sensors the seabed off the… Full News here – Kathimerini English

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8/11/2012: Front Page: Europa matches.

Atromitos will face the Premier League’s Newcastle Utd in the final qualifying round of the Europa League, while PAOK will take on Austrian side Rapid Vienna. The Athens soccer club will host Newcastle on August 23. PAOK will also play the first leg at… Full News here – Kathimerini English

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8/11/2012: Front Page: Champions League.

Panathinaikos will face Spain’s Malaga for a place in the group stages of soccer’s Champions League. Yesterday’s draw pitted the Greens against the fourth-placed team in last season’s La Liga. Malaga will host the first leg on August 21/22, with the… Full News here – Kathimerini English

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8/11/2012: Front Page: Tourist trains.

The Hellenic Railways Organization (OSE) issued an announcement reminding people going on vacation that those visiting Kalavryta, Pilio and Ancient Olympia can enjoy rides on an old-fashioned cog railway train and a steam engine. The cost of a ride on… Full News here – Kathimerini English

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8/11/2012: Front Page: Unions to demonstrate at TIF

Labor unions are to go ahead with planned antiausterity protests in Thessaloniki on September 8 despite the fact that Prime Minister Antonis Samaras will not be delivering the traditional keynote economic speech that accompanies the launch of the… Full News here – Kathimerini English

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8/11/2012: Front Page: Cigarette rackets.

Officers of the Finance Ministry’s Financial Crimes Squad (SDOE) said yesterday that they had arrested four Greeks and two Cypriots in connection with two separate cases of counterfeit cigarette smuggling believed to have cost the state millions of… Full News here – Kathimerini English

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8/11/2012: Front Page: Fire burns for third day as Serbian reinforcement arrives

Authorities were hoping last night that a change in the weather might help with the efforts to put out a wildfire that began on Mount Athos, northern Greece, on Wednesday and which threatened the resort of Ouranoupoli. A team of 49 firemen from Serbia… Full News here – Kathimerini English

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8/11/2012: Front Page: Speculative comments must stop

Some European officials feel they have a duty to offer a running commentary on Greece’s chances of staying in the eurozone. The constant speculation by these people about a possible euro exit is doing great damage to the country, whose economy is in… Full News here – Kathimerini English

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8/11/2012: Front Page: Defense ties with Israel to be fortified

Greece and Israel are eyeing closer cooperation on defense issues, which could include the co-manufacturing of defense systems, it has emerged following President Shimon Peres’s visit to Athens this week. Peres spent three days in Greece and Greek… Full News here – Kathimerini English

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