Deputy Minister of Culture and Tourism of Greece Georgios Nikitiades, referring to the memorandum of cooperation to be signed between the two countries, said that relations between the Ministries of Culture of
The European Commission concluded on Tuesday on the existence of excessive deficits in Cyprus, Denmark and Finland and recommended deadlines for their correction to the Council. In a press release, the Commission
Jan. 2010 – Greece unveils stability programme on Jan. 14, saying it will aim to cut its budget gap to 2.8 percent of GDP in 2012 from 12.7 percent in 2009. Feb.
Turnover in the general services sector rose by a revised 0.9% over the year earlier in January – March 2010, compared with an earlier estimate that reported a 0.6% decline. The general
Tourism arrivals in Cyprus rebounded in May after a plunge in April that was exacerbated by the volcanic ash episode. On the basis of the results of the Passengers Survey, arrivals of
French President Nicolas Sarkozy bowed to German demands for tougher European budget rules as a steep downgrade of Greece's credit rating and distress signals from some Spanish banks put new pressure on
Weaker demand and measures to boost competition will help contain Greece's rising consumer inflation, Finance Minister George Papaconstantinou was on Tuesday quoted as saying. Greek consumer inflation jumped to a 13-year high
Citigroup said on Monday it is preparing to remove Greek government debt from its World Government Bond Index, a key benchmark for sovereign credit, after Moody's Investors Service cut its rating to
Asian stocks slipped on Tuesday, snapping a five-day winning streak, as worries about Europe's debt problems returned after Greece was downgraded to junk status, a move which also stymied the euro's rally.
German government bonds opened higher on Tuesday after Moody's investors service cut Greece's credit rating to junk late the previous day, refocusing market attention on Europe's debt problems. Moody's downgraded Greece four
