Latest in Tag: Greece Highlight

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Latest in Tag: Greece


Trade exchange between Egypt, Greece records €1.8bn in 2018

The trade exchange between Egypt and Greece increased in 2018 by 37.5%, reaching €1.8bn, compared to €1.3bn in 2017, the Minister of Trade and Industry of Egypt, Amr Nassar, stated on Wednesday. He continued that Egypt’s exports to Greece increased by 15.3% over the past year, reaching €640m, up from €555m in 2017. His remarks …

Daily News Egypt

Greece scrambles to clean up banks and bad loans

Plagued by eight exhausting years of financial crisis, millions of Greeks are unable to pay off their loans. But there are also those who don’t want to, as Anthee Carassava reports from Athens.Walk into any Greek bank and ask for a loan, and chances are you'll walk out jilted and empty handed. But not if …

Deutsche Welle

Tears of Chios drive Greece's mastic business

The Greek island of Chios is the only place in the world where the multipurpose mastic resin is cultivated. It’s used for refining desserts, drugs and cosmetics — and nowadays also for making beer taste (even) better.People are busy as bees in the Chios Beer brewery. Brown bottles are being filled, labeled and packed into …

Deutsche Welle

Greece's debt crisis leaves nation hungry and children malnourished

Freed from the strict orders of international creditors, Greece is now witnessing a financial recovery. But years of biting budget cuts have left the country scarred and many Greeks starving. Anthee Carassava reports.It's nearly noon and the main fish shop in the city of Marathon is empty. "No one has set foot inside," says Maria …

Deutsche Welle

Greece exits bailout: Is the Greek economy strong enough?

Greece will exit its stability program on Monday. How has the Greek economy developed since austerity was imposed in 2010? And is Greece prepared to meet the budgetary targets? A data analysis provides answers.Greece’s government debt is more than twice the EU28 average; the country’s market value as measured by gross domestic product has decreased …

Deutsche Welle

A timeline of Greece’s long road to recovery

On Monday, Greece exits the third and final bailout program of a nine-year debt crisis that has chopped around a quarter off the country’s economy. DW looks back at key moments from Greece’s traumatic decade.Greece will now be able to borrow money again on international markets, another important step on its long journey toward economic …

Deutsche Welle

Tripartite summit between Egypt, Cyprus, Greece expected in fall 2018

A tripartite summit is expected to be held in Athens between the leaders of Egypt, Greece, and Cyprus in the fall of 2018, according to media statements by presidency spokesperson Bassam Rady on Tuesday. During the summit, the leaders are expected to discuss additional efforts to strengthen their relations in various fields, including energy, and …

Sarah El-Sheikh

Cyprus, Greece praise relations with Egypt ahead of Roots Revival Week

The heads of the Cypriot and Greek parliaments praised bilateral relations with Egypt and the efforts of President Abdel Fattah Al-Sisi during the past several years in the country. The officials’ statements came one day before the Roots Revival Week that will be held in Alexandria and Sharm El-Sheikh, which will last for one week, …

Daily News Egypt

Where are Europe’s best bathing sites?

Austria, Cyprus, Greece, Luxembourg and Malta offer the cleanest bathing waters in Europe, the European Union’s environment watchdog said Tuesday.The findings were based on tests of water quality in more than 21,000 beach, river and lake sites across Europe during 2016, including non-EU members Switzerland and Albania. The top five countries scored “excellent” ratings for …

Deutsche Welle

IMF, eurozone still at loggerheads over Greece

The International Monetary Fund has urged eurozone finance ministers to be more specific in their commitment to a debt relief package for bailed-out Greece. It’s a sensitive issue in pre-election Germany.Talking to eurozone finance ministers on the fringes of a G7 meeting in Bari, Italy, IMF chief Christine Lagarde on Friday urged European creditors to …

Deutsche Welle

Greece expects tourism record for 2017

A record number of tourist visitors in 2016 was not enough, but it did certainly do the country good. As the 2017 tourist season starts, the industry is banking on an even better year.The tourist season in the old harbour of Skopelos island off Greece’s eastern coast is starting, as it often does, in a …

Deutsche Welle

Greece beats creditor’s primary surplus target for 2016

Debt-laden Greece far exceeded its international creditors’ demands for budget savings last year, outstripping even the target for 2017, and presenting a strong case for unlocking more bailout funds.In 2016, the cash-strapped eurozone country spent 6.9 billion euros ($7.38 billion) less than it earned, boosting its so-called primary budget surplus – excluding interest payments on …

Deutsche Welle