Cyprus' president says he would refuse any request by international lenders to sell off state-owned companies as part of a finalized agreement to bail out the crisis-hit country.
Dimitris Christofias said on Wednesday he has «no intention» of consenting to privatizations. A draft of the bailout deal with the European Commission, the European Central Bank and the International Monetary Fund says Cyprus will have to consider privatizations if it's debt is deemed unsustainable.
Cypriot banks, which took huge losses on bad Greek debt and loans, are estimated to need up to 10 billion euros in rescue money. That's more than half the country's economy, raising questions whether the government will be able to handle the debt. Cyprus' eurozone partners will decide on the country's bailout deal on January 21.
Twho people have been arrested in Mani in the Peloponnese for allegedly growing cannabis plants.
Police on Saturday arrested a 73-year-old American woman and a 48-year-old man from Poland af...
A forest fire in the Aghia Triada area on the island of Hydra has been brought under control with firefighting planes, authorities said on Saturday.
The fire, which broke out on Friday, spre...
Olympiakos will face AGO Rethymnou and Panathinaikos will measure up against Panionios in the semifinals of the Greek basketball league, as the quarterfinals of the playoffs saw AGOR upset P...
PAOK recovered some of the ground lost in the Super League playoffs by beating fellow Champions League-spot contender Asteras 2-1 at Tripoli on Wednesday, while PAS Giannina and Atromitos sh...
While the country waits for an influx of major investment that is expected to create new jobs in the distant future, it is absolutely vital to bolster small to medium-sized companies as fast...
Greek police officers are doing a fine job despite considerable cuts in their salaries coupled by major shortages in equipment and infrastructure.
Through their behavior and professionalism,...
