Fishy business with off-plan and substandard plots
PROPERTY

Strong buying interest and a large number of multi-million sales for off-plan or substandard plots on popular islands and in the Peloponnese are raising eyebrows, as villas of hundreds of square meters are being built despite urban planning restrictions.

Two seized Greek tankers still held captive in Iran
NEWS

More than five months after Iranian soldiers captured the Greek-owned tankers Prudent Warrior and Delta Poseidon in the Persian Gulf, in retaliation for the Greek authorities’ seizure, at the request of the US, of Iranian tanker Lana, the two ships remain under the watch of Iran’s Revolutionary Guards at Bandar Abbas port.


Grimaldi spending hefty sum on Igoumenitsa port
PRIVATIZATION

The amount of 84.17 million euros that the Grimaldi shipping group has pledged for the acquisition of a controlling stake in the Igoumenitsa Port Authority has made an impression, with some observers even branding it a record, at the tender by state asset fund TAIPED.




Google Maps photos to reveal undeclared swimming pools
PROPERTY TAXATION

The tax administration is planning to uncover undeclared swimming pools across Greece with the use of aerial photographs taken by Google Maps and the electronic cross-checking of the findings with the data from the land register and the E9 tax form.


Dairy industries choose to expand to survive
BUSINESS

Greece’s large dairy firms are tackling the new crisis the sector is facing through further growth, either in the dairy sector or in other food categories – or both.


The African Greeks of Avato
NEWSASSET

The village of Avato, in Xanthi, northeastern Greece, is home to a roughly 200-strong Afro-Greek community whose ancestors are believed to have come here from Sudan during Ottoman rule.

Eurozone is already in a recession, UBS analysts say
IMAGES

The eurozone is already in a minor recession because of the climbing energy prices, UBS analysts believe, estimating that, overall, eurozone economies will shrink 0.1% in the third quarter and an additional 0.2% in the fourth.


Temperatures to edge down from today
NEWS

The National Meteorological Service has forecast some respite from the heat as of Saturday, with temperatures dropping below the 40 Celsius mark, particularly in the western and northern parts of the country, where local rainfall is likely.

Paros complains that frequent blackouts hurt business
IMAGES

The Municipality of Paros has lodged a complaint with the Hellenic Electricity Distribution Network Operator (DEDDIE), complaining that constant, prolonged and unpredictable power blackouts are harming the popular Cycladic island’s tourism industry.