Greek News

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• Greece Hoping for Six-Month Market Turnaround
• Somali Pirates Free Greek Supertanker
• Two Dead in Clashes at Greek Dump
• G/C and T/C Communities Organize Bicommunal Picnic
• Foreign Office Will Release Documents
• Paschalides Says Cyprus Is a Service Based Economy
• Presidency Expresses Sorrow over Monica Vassiliou’s Death
• Avoid Hidden Tax Triggers When Planning for Retirement
• Cyprus Stock Exchange
• Athens Exchange Weekly Review

Greece Hoping for Six-Month Market Turnaround Posted: Athens — With a new midterm budget, ongoing reforms and eurozone support, debt-hit Greece within six months hopes to convince skeptical investors that its recovery is on track, the finance minister said on Thursday. “Everything can change in six months,” George Papaconstantinou told AFP in an interview, insisting that restructuring the country’s huge debt was [...]

Somali Pirates Free Greek Supertanker Posted: Athens.- Greek authorities said on April 8 that Somali pirates released a Greek-flagged supertanker captured two months ago off the coast of Oman, while the European Union’s anti-piracy force say another ship in the same region was hijacked. The EU Naval Force said that at least 10 pirates boarded the German-owned MV Susan on April [...]

Two Dead in Clashes at Greek Dump Posted: Athens.- Greek police say two men have been shot dead and three injured in a fight between scavengers at a rubbish dump on the outskirts of Athens. Police say the victims are believed to be Asian immigrants who clashed with Albanian Roma, or Gypsies, following a dispute over garbage salvaged from the site for recycling. [...]

G/C and T/C Communities Organize Bicommunal Picnic Posted: Nicosia.- A bicommunal picnic is being organised in the buffer zone by a Greek Cypriot and a Turkish Cypriot community on Sunday April 10. According to a press release issued by UNFICYP, the event is organized by the Mayor of Athienou and the Mukhtar of Louroujina and it will take place between 10am and 3pm [...]

Foreign Office Will Release Documents Posted: Nicosia.- Classified documents expected to be released by the British Foreign Office referring to periods of liberation movements in former British colonies might also concern Cyprus, a Foreign Office Spokesperson has said. Asked by Cyprus News Agency whether classified documents regarding liberation movements in former British colonies expected to be released also refer to the [...]

Paschalides Says Cyprus Is a Service Based Economy Posted: Nicosia.-  (CNA) – Minister of Commerce, Industry and Tourism, Antonis Paschalides, said here on Saturday day that "realizing the importance of developing new products and services, has introduced various schemes for the technological upgrading of existing industrial plants and machinery, the promotion of e-commerce, the production of competitive goods, and the attraction of foreign investments". [...]

Presidency Expresses Sorrow over Monica Vassiliou’s Death Posted: Nicosia.-  (CNA) – The Presidency of the Republic of Cyprus expresses its sorrow over the death of actress, director, theatrical teacher and political activist Monica Vassiliou, who died on Friday, and President of the Republic Demetris Christofias expresses his sincere condolences to her husband and family. In a press release, the Presidency notes that Monica [...]

Avoid Hidden Tax Triggers When Planning for Retirement Posted: By Jill Perlin Tax season is upon us — but before you break out that box of old receipts in search of every last deduction, think about whether you’re taking advantage of all the tax benefits associated with saving for retirement. Your nest egg can generally be divided into three categories, at least from a [...]

Cyprus Stock Exchange Posted: Nicosia.-  (CNA) – The Cyprus Stock Exchange (CSE) All Share Index closed at Friday’s stock exchange meeting as follows: TRADED VALUE                  1.641.169,97 INDEX                               VALUE     %DIFF      VALUE (€) -----                              --------   -----    ------------- FTSE/CySE 20 331,31 -2,72 1.561.171,19 MAIN MARKET INDEX 980,27 -2,93 1.537.815,86 PARALLEL MARKET INDEX 848,81 0,98 1.420,00 INVESTMENT COMPANIES MARKET INDEX 665,07 0,00 5.906,00 [...]

Athens Exchange Weekly Review Posted: Athens Stock Exchange recorded marginal profits for week, as the General Index ended close to session's low on Friday on a thin turnover of less than €80m. Despite losses of 1.61% on Friday, banks recorded profits of more than 2% for week. Weak trading activity and thin turnovers continue to concern market analysts, who note [...]

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