CSL Report: Pancyprian Freedoms edge rival Greek Americans in Open Cup, to play Lansdowne ...

German ace Yannick Reyering scored twice on Tuesday night as Pancyprian Freedoms edged Cosmopolitan Soccer League rivals New York Greek ...

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Short Film on Brutal Reality of Palestinian Refugee in Greece

Xenos_film A short film by Palestinian filmmaker Mahdi Fleifel depicting the horrific life of a Palestinian refugee in recession-stricken Greece, makes ...

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Greek FM to visit Turkey

Greek Foreign Minister and Deputy Prime Minister Evangelos Venizelos will visit Turkey on Nov. 29, Turkey's Foreign Ministry announced Thursday, ...

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First defeat for Olympiakos in Euroleague

Olympiakos suffered its first Euroleague loss of the season going down 89-70 at Laboral Kutxa on Thursday, although the Greek team remains the favorite to clinch the top spot in its pool. The Basques were ahead throughout the match, advancing 24-17 after ... ...

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Thousands rally in Greece over fresh austerity

ATHENS: Thousands of Greeks demonstrated against a new bout of austerity Thursday in a general strike as the government failed to break a deadlock with the country’s international creditors. Some 18,000 people demonstrated in Athens and another 6,000 in ...

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Piraeus Port Authority and Cosco Sign New 230-Million-Euro Agreement

Piraeus Port Authority (OLP) and Piraeus Container Terminal (SEP), part of Chinese company Cosco Pacific Limited, signed today a new revised agreement which envisages a 230-million-euro investment plan in the Greek port. The plan was already approved by the Piraeus port shareholders. In its announcement, Cosco underlined that the agreement, which will be entirely covered by the company, is a big business plan worth 230 million euros, while, as expected, the plan will increase the port’s piers II and III annual capacity to 6.2 million TEUs (twenty-foot equivalent unit containers) from 3.7 million where it currently stands. In addition, the contract’s current net value will be raised to 617–1.027 million euros from 498 million, while SEP will build a new oil production pier with more favorable financial terms. After signing the agreement, Piraeus Port Authority President and Managing Director Giorgos Anomeritis stated: “A significant development project worth 230 million euros was signed today with the concession agreement, making Piraeus, one of the most modern and biggest freight ports in Europe. As owner, OLP becomes a port of great value and annuities, in favor of the public interest, the port industry and the country’s development. The biggest issue in the country is to develop. It is the basic parameter that can bring relief, along with better management, to the public debt problem. And for the development issue, all the country’s political and economic factors should sit at the same table in order to achieve fast pace and yields. OLP, with its development initiatives, becomes the reformer of Piraeus, one of the most important engines of growth, achieving high revenue rates and profit for itself and increased revenue for the state.” Minister of Shipping, Maritime Affairs and the Aegean Miltiadis Varvitsiotis was also present at the agreement’s signing.

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Two direct flights to deepen Saudi-Greek relations

A top Greek official disclosed here that there will be two direct commercial flights a week from Greece to Saudi Arabia next year bringing the southern ...

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