Greece

Devastating Flooding Strikes Greek Holiday Hotspots: Mykonos and Paros in Crisis

2 days ago

In a shocking turn of events, the famous Greek holiday islands of Mykonos and Paros have been severely impacted by unprecedented flooding. This disaster has drawn significant attention as the region is a beloved destination for tourists from around the globe. The flooding, which has caused extensive damage, was triggered by heavy rainfall and severe weather conditions that swept through the Cyclades archipelago.

Greece Sets an Example for Europe on Defense Spending: Key Lessons Learned

7 days ago

In a period marked by increased geopolitical tensions and shifting alliances, Greece has emerged as a model for European nations grappling with defense spending issues. The recent analysis highlights how Greece's proactive approach to its military budget can give crucial insights to other countries in Europe as they strategize their own defense policies amidst rising global threats.

Greece Achieves Investment Grade Status Thanks to Economic Resilience

19 days ago

In a significant move reflecting Greece's robust economic performance, credit rating agency Moody's has officially upgraded the country's rating to investment grade. This upgrade, confirmed on March 14, 2025, marks a pivotal moment for Greece, demonstrating its effective recovery and resilience in navigating through past economic challenges.

Greece Receives Upgrade in Credit Rating: A Major Step Toward Stability

20 days ago

In a significant development for its economy, Greece has received an upgrade in its credit rating, marking an important milestone on its path to recovering from a long-standing debt crisis. The upgrade, announced by a renowned credit ratings agency, is perceived as a pivotal moment that could rejuvenate investor confidence and foster economic growth within the nation.

Greece's Financial Landscape Brightens with DBRS Upgrade on Fiscal Performance

26 days ago

In a significant development for Greece's economic outlook, the credit rating agency DBRS Morningstar has decided to upgrade the country's credit rating, citing notable fiscal overperformance as the primary driving factor. This upward revision is a strong indicator of the country's improving financial health and stability.

Greece Remains a Safe Destination for Tourists Amid Earthquake Concerns, Assures PM Mitsotakis

1 month ago

In the wake of growing concerns regarding seismic activity in Greece, Prime Minister Kyriakos Mitsotakis has issued a reassuring statement, emphasizing that the country is still a safe destination for travelers. His comments come after a series of earthquakes that have raised apprehensions both locally and internationally about the safety of visiting the historically rich nation.

Greek Businessman Confident in Egypt-Greece Power Link by 2030

3 months ago

In a significant announcement that signals a positive shift in energy collaboration between nations, Greek energy magnate George Copelouzos has expressed optimism regarding the establishment of a power link between Greece and Egypt by the year 2030. This ambitious project, aimed at enhancing energy security and diversification, has the potential to transform the energy landscape in the Eastern Mediterranean region.

Global Temperature Set to Reach Unprecedented Levels Exceeding 1.5°C

4 months ago

In a startling announcement from meteorologists and climate scientists, it is projected that global temperatures will soar to the highest levels ever recorded, surpassing the critical threshold of 1.5°C above pre-industrial averages. This alarming forecast not only underscores the escalating impacts of climate change but also signals an urgent call to action regarding carbon emissions and environmental policies worldwide.

Greece's Credit Rating Boosted by Scope: A Sign of Economic Recovery

4 months ago

In a significant development for Greece's financial landscape, the credit rating agency Scope Ratings has upgraded the country's credit rating. This decision comes as a reflection of Greece's steadily declining debt trajectory and improved economic stability. The upgrade is poised to enhance Greece's ability to attract foreign investment and stimulate further growth.

Greece Assures Investors: No Additional Taxes on Banks

4 months ago

In a significant move to maintain investor confidence, the Greek government has firmly stated that it does not intend to impose any additional taxes on the banking sector. This announcement comes as part of broader efforts to stabilize the Greek economy, which has been under scrutiny after a series of financial challenges in recent years.