Author: Newsroom

Greece is taking a different approach than the rest of the world by implementing a six-day workweek for certain sectors, aiming to address a shortage of skilled labor and provide additional income for workers. The law, in effect for private sector workers in specific industries, allows for extra compensation and increased flexibility for employers facing unexpected demands. While conservative lawmakers see benefits in the extended workweek, labor unions and opposition parties have strongly opposed the measure, labeling it as regressive and harmful to workers. Critics argue that the country’s economic struggles have led to widespread poverty and precarity, making it…

Greek Prime Minister Kyriakos Mitsotakis, in a file photo. ‘Greece is one of Europe’s outperformers, demonstrating that even the most severe economic crises can be overcome with the right measures,’ the author says. [AP] Greece has made a remarkable economic recovery, transitioning from the brink of default to one of Europe’s top performers. A decade ago, the country faced severe economic challenges, implementing debt restructuring and capital controls. Today, Greece stands as a success story, attracting international investors and experiencing growth above the EU average. Under the leadership of Prime Minister Mitsotakis, Greece has regained investment grade rating, stabilized debt…

The European Union is standing firm on its plan to combat deforestation, despite calls for a delay from certain industries and countries. Starting from Dec. 30, companies in the EU will need to prove that their supply chains for products like soy, beef, coffee, palm oil, do not contribute to deforestation. The US government and industry groups have raised concerns about the readiness of the EU’s systems for implementing the ban, but there is no indication of a delay. European Environment Commissioner Virginijus Sinkevicius acknowledged the challenges but emphasized the importance of aligning with the EU Deforestation Regulation. While some…

Greece’s Foreign Ministry criticized Albania’s decision to invalidate ethnic Greek Fredi Beleri’s mandate as the mayor of Himare, labeling it as a biased and legally questionable move. Beleri, who was elected as mayor in May 2023, was arrested just days before the election on charges of vote-buying and subsequently sentenced to prison. Albania’s Central Electoral Commission revoked Beleri’s mandate, despite his recent election to the European Parliament with Greece’s New Democracy party. The Greek Foreign Ministry condemned the decision, citing concerns about the rule of law and the lack of qualified officials in Himare. Beleri accused Albanian Prime Minister Edi…

[Intime News] In a recent speech at the 28th Annual Economist Government Roundtable in Athens, Deputy Minister of National Economy and Finance Nikos Papathanasis highlighted the significant improvements in Greece’s business environment over the past five years. According to Papathanasis, Greece has successfully recovered from the crisis, achieved investment grade status, and experienced high growth rates. Greece’s Business Environment Transformed, Says Deputy Finance Minister Deputy Minister Nikos Papathanasis spoke at an economic forum in Athens, emphasizing the positive changes in Greece’s business landscape. Over the past five years, the country has made significant improvements, including recovery from the crisis, obtaining…

File photo. Greek PM Congratulates UK Labour Leader on Landslide Victory Greece’s Prime Minister, Kyriakos Mitsotakis, has extended his congratulations to Keir Starmer on his Labour party’s decisive win in the UK general election, bringing an end to a tumultuous Conservative government era. Mitsotakis expressed his readiness to strengthen the friendship and cooperation between the two countries following the historic election victory by the centre-left Labour party, which secured a significant majority in parliament. The Conservative party faced severe backlash from voters due to issues like the cost of living crisis, failing public services, and various scandals. Congratulations to @Keir_Starmer…