Development Minister Costis Hatzidakis met on Tuesday in Athens with the European Commission’s Task Force in Greece, led by Horst Reichenbach, and announced that projects funded by the Brussels-subsidized National Strategic Reference Framework (ESPA) that fail to absorb their funds by the end of the year will have their credit revoked.
Credit will also be cut in half for projects where the difference between the credit approved and the actual payment is more than 75 percent.
The announcement is aimed at spurring the projects to push for completion before the end of the year, as the target the country has according to its agreement with its creditors is for the absorption of 3.7 billion euros by year-end and appears particularly difficult to attain as no more than 1 billion euros have been absorbed with less than 10 weeks to go.
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,...
