Athens | Tags | Econostrum | Economic News in the Mediterranean

Cyprus' Aphrodite gas field secures financing for its first drilling

09/20/2022 | Industry

CYPRUS. The partners of the Aphrodite gas field approve a $192 million financing that will allow the drilling of a first well in this very promising field.

Turkey threatens Greece with military takeover of Aegean islands

09/06/2022 | Society / Institutions

TURKEY / GREECE. The quarrel between Turkey and Greece has reached a new level with a statement by Recep Tayyip Erdogan openly threatening to seize the Aegean islands.

Aegean Sea, Ankara, Athens, Eastern Mediterranean, F-16, Greece, Izmir, Lausanne Peace Treaty, Lesbos, maneuver, Mevlut Cavusoglu, Montreux Convention, NATO, Recep Tayyip Erdogan, Rhodes, Sevres Peace Treaty, Turkey

TotalEnergies and Eni make new "significant gas discovery" offshore Cyprus

08/23/2022 | Industry

CYPRUS. In two separate press releases published on Monday 22 August 2022, TotalEnergies and Eni announce a "significant gas discovery" in Cyprus...

Greece officially freed from the European Union's tutelage

08/23/2022 | Society / Institutions

GREECE. After twelve years of European tutelage, Greece is emerging from the European Commission's enhanced surveillance process.

Athens, ECB, EU, European Central Bank, European Commission, European Union, Greece, Greek economy, IMF, International Monetary Fund, Kyriakos Mitsotakis, Paolo Gentiloni

Tensions between Turkey and Greece lead to a breakdown in dialogue

05/25/2022 | Society / Institutions

TURKEY / GREECE. Turkish President Recep Tayyip Erdogan has decided not to speak to Greek Prime Minister Kyriakos Mitsotakis after he asked the Americans not to deliver F-16s to Turkey.

Aegean Sea, Alexandroupolis, Ankara, Athens, Chios, European Union, F-16, Greece, Kyriakos Mitsotakis, migrants, NATO, North Atlantic Organisation, Recep Tayyip Erdogan, Samos, Tanju Bilgich, Turkey, Ukraine, United States

Greece to pay off €1.85bn IMF debt by end of April 2022

03/31/2022 | Society / Institutions

GREECE. Athens is expected to bring forward the full repayment of its debt to the International Monetary Fund as the Prime Minister announces that Greece's investment grade rating will be restored.

Athens, Christos Staikouras, ESM, European Financial Stability Facility, European Stability Mechanism, eurozone, Fitch, Greece, Greek debt, Kyriakos Mitsotakis, Pierre Moscovici, S&P, Standard & Poor's

Olympia Odos wins the extension of the Athens-Korinthos-Patras motorway

03/22/2022 | Society / Institutions

GREECE / FRANCE. Olympia Odos, a 29.9% subsidiary of the French company Vinci Concessions, has won the tender for the extension to Pyrgos of the Athens-Patras motorway, for which it already holds the concession.

A8, Aktor Concessions, Athens, Avax S.A., France, Gek Terna, Greece, Hochtief PPP Solutions GmbH, infrastructure, motorway, Nicolas Notebaert, Olympia, Olympia Odos, Patras, Peloponnese, Pyrgos, transport, Vinci, Vinci Concessions

The Port of Thessaloniki joins the MedPorts association

02/10/2022 | Transport

MEDITERRANEAN. On the occasion of a conference on the challenges facing Mediterranean ports at the Mediterranean Worlds Forum, representatives of MedPorts announced that the Port of Thessaloniki would be joining their association.

Greece fined €5.5m for undue aid to mining company Larco

01/20/2022 | Industry

GREECE. The Court of Justice of the European Union orders the Greek State to pay a lump sum fine of €5.5m and a half-yearly penalty payment of €4.36m for failing to recover illegal aid paid to Larco.

Athens, CJEU, Court of Justice of the European Union, European Commission, ferronickel, Greece, industry, justice, Larco, Larco General Mining & Metallurgical Company, laterite, lignite, Luxembourg, mine, mining company, nickel, ΛΑΡΚΟ

Egypt, Greece and Cyprus sign electricity transfer agreement

10/21/2021 | Industry

EGYPT / GREECE / CYPRUS. Three Eastern Mediterranean countries, Egypt, Greece and Cyprus, sign a tripartite electricity transfer agreement to ensure interconnection, but also to promote the exploration and transfer of natural gas between them.

Promises, but still no horizon for EU integration of the Western Balkans

10/07/2021 | Society / Institutions

WESTERN BALKANS. Financial aid, promises, declarations of love, but still no progress in the accession process of the six Western Balkan countries at the EU-Western Balkans Summit in Brdo.

Greek Cypriots and Turkish Cypriots meet around the same table

04/29/2021 | Society / Institutions

CYPRUS. Four years after the failure of the last talks, the representatives of the Republic of Cyprus and the Turkish Republic of Northern Cyprus, meet in Switzerland to discuss their differences.

Ankara, António Guterres, Athens, Crans Montana, Cyprus, Cyprus reunification, Dominic Raab, Ersin Tatar, Geneva, Mevlüt Çavuşoğlu, Nico Anastasiades, Nikos Dendia, Republic of Cyprus, Stephane Dujarric, Switzerland, TRNC, Turkish Republic of Northern Cyprus, United Nations

EU timidly sanctions Turkey for its actions in the Eastern Mediterranean

12/11/2020 | Society / Institutions

After months of threats, the European Council decrees sanctions against Turkey for its gas exploration manoeuvres in maritime areas claimed by Greece and the Republic of Cyprus.

Athens, conflicts, Cyprus, European Union (EU), Greece, Josep Borrell, maritime borders, Nicosia, Oruç Reis, Recep Tayyip Erdogan, TPAO, Turkey, Turkish petroleum corporation, Yavuz

Faced with a doubling of hospitalizations in one month, Greece again confines

11/05/2020 | Society / Institutions

GREECE. The Greek Prime Minister has announced a nationwide three-week lockdown. The Greeks will have to obtain an exit permit by SMS.

Athens, containment, Covid-19, CSSE, Greece, Johns Hopkins University, Kyriakos Mitsotakis, Sotiris Tsiodras, Thessaloniki

Turkey and Greece victims of several earthquakes followed by mini tsunamis

10/30/2020 | Environment

TURKEY / GREECE. The Euro-Mediterranean Seismological Centre (EMSC) recorded two powerful earthquakes in the Aegean Sea on the morning of Friday 30 October 2020.

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Athens, Dodecanese, earthquake, EMSC, Euro-Mediterranean Seismological Centre, Greece, Istanbul, Izmir, Mediterranean Sea, natural disaster, Samos, Seferihisar, tsunami, Turkey

Nicosia accuses Ankara of "undermining regional security"

10/22/2020 | Society / Institutions

EASTERN MEDITERRANEAN. Meeting in Nicosia, the three Greek, Cypriot and Egyptian presidents denounced Turkey's "provocations" in several theaters of conflict in the Mediterranean.

The leader of the Greek neo-Nazi party Golden Dawn is sentenced to 13 years in prison

10/15/2020 | Society / Institutions

GREECE. After recognising the Golden Dawn as a criminal organisation, the Athens Criminal Court specified the sentences handed down to around fifty members of the Greek neo-Nazi party.

Artemis Matthaiopoulos, Athens, Christos Pappas, European Parliament, Georgios Germenis, Golden Dawn, Greece, Ilias Kassidiaris, Ilias Panagiotaros, Ionnis Lagos, justice, Nikos Michaloliakos, Pavlos Fyssas, Sahzat Luckman, Yorgos Roupakias

Sky Express wants to change era by ordering four A320neo from Airbus

10/15/2020 | Transport

FRANCE / GREECE. First order and new customer for Airbus with the signature, on Wednesday 14 October 2020, of Sky Express for four aircraft.

air transport, Airbus, Athens, Aviation Capital Group, France, Greece, Ioannis Grylos, IOGR, Sky Express, Thessaloniki, Toulouse

Turkey resumes its hydrocarbon explorations off the Greek island of Kastellorizo

10/12/2020 | Society / Institutions

TURKEY. After a gesture of appeasement with the withdrawal of the Oruç Reis from the disputed waters of the Eastern Mediterranean in September 2020, Turkey has decided to put this hydrocarbon exploration vessel back into service in this area.

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Ankara, Ataman, Athens, Cengiz Han, Cyprus, Eastern Mediterranean, energy, exploration vessel, Greece, hydrocarbons, Kastellorizo, Oruç Reis, Turkey

The neo-Nazi Golden Dawn party recognised as a "criminal organisation" by the Greek justice system

10/07/2020 | Society / Institutions

GREECE. Nikos Michaloliakos, founder and leader of the Greek neo-Nazi party Aube Dorée, has been convicted of "leadership of a criminal organisation" by the Athens Criminal Court.

Angélique Kourounis, Athens, Golden Dawn, Greece, Greek Solution, justice, Kyriakos Velopoulos, neo-Nazi, Nikos Michaloliakos, PAME, Thomas Iacobi, Yorgos Roupakias