The problems of the online platform for state subsidies for home improvements that will bolster energy efficiency, known as Saving at Home (“Exoikonomisi Kat’ Oikon”), continued on Tuesday for a second day in a row.
The big supermarket chains in Greece are seeking a share of a market estimated at 9.5 billion euros per year.
Greek highways are very expensive and poorly planned, according to a report by the European Court of Auditors on public-private partnerships (PPPs) and concession contracts, concluding that new PPPs should not be encouraged in cases where problems remain unsolved.
Aging populations are an expensive business and suppress growth, the European Central Bank has warned, while recommending that countries delay the age of retirement as the best solution to the problem.
Families in Greece with an average monthly salary of 900 euros pay particularly high taxes in return for an almost nonexistent benefits policy and a poor education system, according to the Organization for Economic Cooperation and Development (OECD).
The benchmark at Athinon Avenue sank temporarily below 800 points during on Tuesday’s session but reclaimed the psychological mark before the end of trade.
All opposition walked out of Tuesday’s session of a parliamentary committee that is supposed to be investigating the Novartis affair as coalition lawmakers insisted that the probe focus on whether the panel is in fact competent to continue with the investigation or whether it should be returned to prosecutors.
Four aircraft fly in formation Tuesday as part of the annual joint Iniochos exercise, involving activity across the Athens Flight Information Region. Members of the air forces of Greece, the USA, the UK, Italy, the United Arab Emirates and Cyprus are taking part in the exercise, the aim of which is to boost the readiness of the air forces in the region. Speaking at the Andravida Air Base in the Peloponnese, US Ambassador Geoffrey Pyatt referred to "an important multinational exercise... which reflects our vision of Greece as a builder of bridges, as a pillar of regional stability." [Ministry of Defense/ANA-MPA]
Turkish President Recep Tayyp Erdogan on Tuesday intensified his rhetoric against both Nicosia and Athens, saying that a hydrocarbon exploration vessel had been dispatched to the Eastern Mediterranean and warning against “attempted drillings” off the coast of Cyprus.
Alpha Bank slipped into the red in the fourth quarter after booking costs related to a voluntary retirement plan and fixed asset impairments.