The fund's Independent Evaluation Office studied roughly 20 years of lending under the so-called Exceptional Access Policy and prepared a set of recommendations
Greek Prime Minister Kyriakos Mitsotakis recognised the housing shortages, especially in Athens, but said the government remains focused on attracting investors
The rush in purchases is driven by a change in the minimum investment limit under Greece's Golden Visa Programme from Rs 2.3 crore to Rs 7 crore
The Greek Golden Visa programme offers a pathway for non-EU nationals to gain permanent residency through investment
The government plans to limit the number of cruise ships visiting the most popular islands, starting in 2025.
As climate change continues to raise temperatures, Europeans are exposed to increasingly significant health risks as they reside on the fastest-warming continent
A major wildfire has raged across the northern suburbs of Athens, leaving at least one person dead and triggering multiple evacuations as swirling winds hampered the efforts of hundreds of firefighters and dozens of water-dropping planes. The fire department said shortly after midnight that firefighters found a body in a burnt building in the suburb of Vrilissia, but was unable to immediately provide further details. The blaze started Sunday near Lake Marathon, about 35 kilometres (22 miles) northeast of Athens, coursed across Mount Pendeli and reached the capital's northern suburbs. It burnt several homes and businesses in the city suburbs and in communities near the lake. Greece went on high alert but by late night Monday, a drop in winds offered hope and officials reported progress against the massive, fast-moving blaze that spawned flames over 25 metres (80 feet) high. Fire Department spokesperson Col Vassileios Vathrakogiannis said firefighters were longer battling a single fr
Recent media reports claimed that Greece has waived Schengen visa requirements for visitors from 188 countries
A cruise ship rescued 77 migrants found overnight in a sailboat in distress far off the southwestern coast of Greece and was transporting them to the nearest major port, Greek authorities said Tuesday. A passing Maltese-flagged cargo ship found the boat 112 nautical miles (129 miles, 207 kilometres) southwest of the town of Pylos in the early hours of Tuesday, the coast guard said. In an operation coordinated by Greece's search and rescue authority, all those on board were picked up by a cruise ship sailing in the area and were being transported to the southern Greek port town of Kalamata, authorities said. There were no reports of any people missing. No information was immediately available on the nationalities of those on the sailboat or where they had set out from. Greece lies on one of the most popular migration routes for people fleeing conflict and poverty in the Middle East, Africa and Asia, and seeking to enter the European Union. Many attempt to make the short crossing fro
The USS Dwight D. Eisenhower may be one of the oldest aircraft carriers in the US Navy, but it's still fighting despite repeated false claims by Yemen's Houthi rebels. The Houthis and online accounts supporting them repeatedly have alleged they hit or even sank the carrier in the Red Sea as it leads the US response to the rebels' ongoing attacks targeting both commercial vessels and warships in the crucial waterway. That's put its leader, Capt. Christopher Chowdah Hill, and his social media profile directly in what has become an increasingly bizarre internet front line as the campaign goes on. And while he shrugs off his posts, they represent the new level of information warfare the Navy is having to fight as it faces its most intense combat since World War II and tries to keep the morale of the nearly 5,000 personnel aboard the Eisenhower high and munitions ready as their deployment stretches on. I think it's been about two or three times in the past six months we've allegedly bee
Nearly 400 million European Union citizens can go to the polls over the coming days to elect members of the European Parliament, or MEPs, in one of the biggest global democratic events. Far-right parties are seeking to gain more power amid a rise in the cost of living and farmers' discontent, while the wars in Gaza and Ukraine stay on the minds of voters. One of the biggest questions is whether European Commission President Ursula von der Leyen will remain in charge as the public face of the EU. Here is a look at the election, which runs Thursday to Sunday, and the biggest issues at stake: WHEN IS THE VOTE? EU elections are held every five years across the 27-member bloc. This year marks the 10th parliamentary election since the first polls in 1979, and the first after Brexit. The vote takes place from June 6-9. Initial results can only be revealed on the evening of June 9, once polling stations have closed in all member states. HOW DOES VOTING WORK? The elections started on Th
Old foes Turkiye and Greece will test a five-month-old friendship initiative on Monday when Greek Prime Minister Kyriakos Mitsotakis visits Ankara. The two NATO members, which share decades of mutual animosity, a tense border and disputed waters, agreed to sideline disputes last December. Instead, they're focusing on trade and energy, repairing cultural ties and a long list of other items placed on the so-called positive agenda. Here's a look at what the two sides hope to achieve and the disputes that have plagued ties in the past: FOCUSING ON A POSITIVE AGENDA Mitsotakis is to meet with Turkish President Recep Tayyip Erdogan in Ankara on Monday as part of efforts to improve ties following the solidarity Athens showed Ankara after a devastating earthquake hit southern Turkiye last year. The two leaders have sharp differences over the Israeli-Hamas war, but are keen to hold back further instability in the eastern Mediterranean as conflict also continues to rage in Ukraine. We alwa
A priestess prays to a dead sun god in front of a fallen Greek temple. If the sky is clear, a flame spurts that will burn in Paris throughout the world's top sporting event. Speeches ensue. On Tuesday, the flame for this summer's Paris Olympics will be lit at the birthplace of the ancient Olympic Games in southern Greece in a meticulously choreographed ceremony. It will then be carried through Greece for more than 5,000 kilometers (3,100 miles) before being handed over to French organizers at the Athens venue used for the first modern Olympics in 1896. Here's a look at the workings and meaning of the elaborate ceremony held among the ruins of Ancient Olympia ahead of each modern Olympiad. COULDN'T THE FRENCH JUST LIGHT IT IN PARIS? Couldn't the Academy Awards just be announced in a conference call? The pageantry at Olympia has been an essential part of every Olympics for nearly 90 years since the Games in Berlin. It's meant to provide an ineluctable link between the modern event a
From now on, investors aiming for residency rights will face heightened investment requirements, especially in high-demand areas such as Athens, Thessaloniki, Mykonos, Santorini, and other islands
Greece and India have a "lot of complementarities" in shipping, pharma and other sectors, Greek Prime Minister Kyriakos Mitsotakis said on Thursday as he emphasised that his country is the natural entry point for Indian companies to tap the European market. Addressing the 'India-Greece Business Forum', organised by FICCI and Enterprise Greece here, he said Greece and India have a "lot of complementarities" in shipping, pharma, such as defence, drones, agriculture, information and communication technology, tourism. He said "we expect to make concrete announcements very soon regarding the signing of the mobility migration agreement, enabling more Indian labour to come to Greece in an organised manner". On a sector-to-sector approach, the prime minister said, "You will realise that there's a lot of complementarities between sectors where Greece has a comparative advantage and where India is also quite strong." "I can see interesting natural synergies emerging in the technology space,"
Migration and mobility pact to be finalised soon; working group on defence and security to be set up
India and Greece on Wednesday agreed to work towards co-production and co-development of military hardware and decided to firm up a mobility and migration pact as soon as possible with Prime Minister Narendra Modi and his visiting Greek counterpart Kyriakos Mitsotakis holding extensive talks to impart "new energy" to the bilateral ties. Modi said the two sides have common concerns and priorities in the fight against terrorism and there was a discussion in detail on how to further strengthen cooperation in this area. Mitsotakis is on a two-day visit to India primarily to grace the Raisina Dialogue as the chief guest. In his media statement, Modi said he and Mitsotakis discussed many regional and international issues and it was agreed that all disputes and tensions should be resolved through dialogue and diplomacy. India welcomes Greece's active participation and positive role in the Indo-Pacific and it is a matter of happiness that the European nation has decided to join the ...
Talks on fast tracking mobility agreement expected
Greek Prime Minister Kyriakos Mitsotakis will pay a two-day state visit to India from February 21 with an aim to further deepen the strategic partnership between the two countries. It would be the first visit to India by a head of state of Greece to India after a gap of 15 years. India-Greece relations were elevated to 'strategic partnership' during Modi's visit to Greece in August last year. Mitsotakis will be the chief guest and keynote speaker at the Raisina Dialogue in the national capital, the Ministry of External Affairs (MEA) said on Saturday, announcing his visit. The Greek prime minister will be accompanied by senior officials and a high-powered business delegation. "Prime Minister Mitsotakis's visit is expected to further strengthen and deepen the strategic partnership between India and Greece," the MEA said. Mitsotakis will also visit Mumbai before returning to Athens. "Prime Minister Narendra Modi and PM Mitsotakis will hold bilateral discussions and Prime Minister M