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Greece passes law to spur investment, tourismThe 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 More… |
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Lenders closer to Greece dealThe International Monetary Fund has relaxed its debt-cutting target for Greece and only a 10 billion euro ($13 billion) gap remains to be filled for a vital aid installment to be paid, Greece's finance minister said. But other More… |
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Emirates to take A380 to AthensEmirates, one of the world’s fastest airlines, will operate the first ever A380 scheduled service into Athens on October 26. The new service will mark a significant milestone for Emi More… |
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Greece names Stournaras new Finance MinisterGreece's ruling coalition appointed economist Yannis Stournaras as the country's new finance minister, the prime minister's office said on Tuesday. "Prime Minister Antonis Samaras has decided to name Athens University economics professor a More… |
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Asry to showcase expansion at Athens expoAsry, a leading rig and ship repair yard, will showcase its unrivalled experience in the region plus the results of the $188 million expansion, now in its final phase, at leading shipping exhibition in Athens. Posidonia 2012 opens tomorrow More… |
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Greece to hold new poll; euro markets hitAttempts to form a government in Greece collapsed on Tuesday, jolting financial markets at the prospect leftists opposed to the terms of an EU bailout could sweep to victory and nudge the euro zone crisis into a dangerous new phase. The tu More… |
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Greece averts immediate default with bond dealGreece averted on Friday the immediate risk of an uncontrolled default, winning strong acceptance from its private creditors for a bond swap deal which will ease its massive public debt and clear the way for a new international bailout. Th More… |
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Greek tanker sinks off Athens, one missingA Greek tanker carrying more than 2,000 tonnes of oil and diesel sank west of Athens on Monday and one person on board was unaccounted for, authorities said, adding that no oil spills had been spotted so far. More… |
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Gulf Air to close under-performing routesBahrain’s national carrier Gulf Air, in a major cost-cutting measure, has decided to close four of its biggest under performing routes - Syrian captal Damascus, Athens (Greece), Milan (Italy) and Kuala Lumpur (Malaysia) from next month. An More… |
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Travellers hit by strike in GreeceDozens of Athens-bound passengers from Bahrain were stranded yesterday as life came to a halt in Greece following a nation-wide strike. The around 70 passengers, who were scheduled to leave on a Gulf Air flight, will now depart today (Octo More… |
