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economic crisis

Albanian Residents Leaving Greece for Wealthier Countries

Many legal Albanian citizens with a valid residence permit are leaving Greece for wealthier countries, according to data released in August by the Hellenic Ministry for Migration and Asylum. According to the data issued by the Ministry in August 2021,...

Crisis in Turkey Forces Vendors to Sell the Delicacy Koulouri Cut in Half

The economic crisis and spiraling price rises in Turkey have forced street vendors to sell their iconic bread koulouri, or as Turks call it “simit”, cut in half. Turkish citizens are having increasing difficulties coping with the rising prices of...

Generous Grant from the Hellenic Initiative Fights Hunger in Athens

The Hellenic Initiative has donated a generous grant of $50,000 to the Athens Food Bank to help fight hunger in Athens.

Documentary Melan*cholia at the Greek Film Archive Foundation

The Documentary Melan*cholia, written and directed by Ariadne Koutsaftis, has been officially added to the Greek Film Archive Foundation and can be viewed for the first time publicly today, April 6. The film was made to raise awareness about...

Spending Galore: Government Continues Tradition that Bankrupted Greece

Greek Prime Minister Alexis Tsipras has unleashed a barrage of promises to voters very much like those that brought him to power in 2015. With European Parliamentary and local governmental elections approaching in May, and national elections looming in autumn,...

After 53 Years, Athens' Kentrikon Restaurant Serves its Last Meal

One of the most historic eateries in central Athens has served its last meal. Kentrikon Restaurant, which earned a reputation for serving quality, home-style meals to a clientele of famous musicians, actors, and politicians, has shut its doors after...

Greeks the Most Unhappy Citizens in Europe

Greeks are the least satisfied with their lives among citizens in Europe, according to a report in the electronic version of German financial magazine WirtschaftsWoche. The report is based on a survey of Greek citizens conducted for the annual Atlas...

Greece to Raise Minimum Wage First Time since 2009

The Greek government on Wednesday tabled to parliament a draft amendment to increase the minimum wage for the first time since 2009, when the economic crisis started. Labor Minister Efi Achtsioglou is to submit the amendment to parliament today (Thursday)...

Despite Government Celebrations, the Greek Crisis is Far from Over

It is official: Greece is exiting the third bailout program and Prime Minister Alexis Tsipras is calling on all citizens to celebrate the end of borrowing and applaud the country's ability to stand on its own feet after eight...

FT: Greece's Brain Drain Hampering Recovery from Economic Crisis

The brain drain in Greece would make it very difficult for the country to recover from the economic crisis and return to normalcy, a Financial Times report has claimed. Greece may be ready to exit the third bailout program on...