Thursday 17 April 2014
 
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Greece

Tourism industry emerges from downturn

The outlook for the global travel industry looks brighter for 2014 as European economic recovery and rising consumer confidence are prompting holidaymakers and businesses to loosen their purse strings again. Growth is still uneven

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Greece offers 5-year visa to Non-EU investors

Investors from non-EU countries will be allowed to obtain five-year resident permits in Greece, provided the investment is at least 250,000 euros ($340,378), according to a new law, said a report. The Greek Consul General in Jedda

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Etihad, Greek airline sign codeshare

Etihad Airways, the national airline of the United Arab Emirates (UAE), has signed a codeshare agreement with Aegean Airlines, Greece’s largest commercial airline. The agreement will see Aegean Airlines commence a four times

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Vodafone hit with $343m lawsuit in Greece

Vodafone has been served with a 250 million euro ($343.26 million) lawsuit for allegedly breaching its contracts and causing harm to a Greek retail partner, the Financial Times reported late on Sunday. The FT, citing claims it had

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5.1 quake rattles Greece, felt in Athens

An earthquake rattled Athens on Wednesday, causing buildings to shake for several seconds, Reuters witnesses said. There were no immediate reports of casualties or damage, police and fire brigade officials said, and the streets of

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Joblessness ‘to intensify in euro zone's hardest hit’

The queues of jobless people across Spain, Portugal and Greece will lengthen further but an end to recession is within sight, according to the latest Reuters poll on some of the euro zone's most vulnerable economies. Monday

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Greece faces IMF aid deadline

Greece has three days to reassure Europe and the International Monetary Fund (IMF) it can deliver on conditions attached to its international bailout in order to receive the next tranche of aid. The lenders are unhappy with progre

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Mistrust stops euro zone banks lending to peers

Euro zone banks are refusing to lend to peers in other countries in the common currency bloc, signalling a worrying fall in confidence that appears to have worsened since the Cyprus bailout earlier this year, data analysed by Reuters showed.

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MSCI stirs market fears about Greece, Egypt

MSCI, the most widely used equity index provider, prompted market fears about both Greece and Egypt on Wednesday, after demoting the former and then raising concerns about getting money out of the latter. MSCI redesignated Greece

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Greece passes law to spur investment, tourism

The Greek parliament approved legislation late on Thursday to boost private investment, a key condition to get the crisis-struck country out of its worst-ever peacetime recession. The new investment incentive law aims to cut red t

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