x

Economy

Greece, TrainOSE Sign 750-Million-Euro Contract

ATHENS – The Greek state and TrainOSE on Thursday signed a new contract worth 750 million euros, covering so-called unproductive lines in the country.

Under the agreement, signed by Infrastructure and Transport Minister Kostas Karamanlis, Finance Minister Christos Staikouras and TrainOSE CEO Maurizio Capororto, the Greek state will pay 50 million euros annually for the next 10 years, with an automatic extension of another five years, to TrainOSE as a subsidy for operating these unproductive railway lines. The new contract will ensure more and safer railway services, clauses, modern trains and investments in the country’s railway network.

RELATED

NICOSIA – The repatriation operation that brought back 38 Greek Cypriots and 22 Greeks from Lebanon, carried out by a C-130 aircraft of the Greek Air Force, was completed on October 3.

herald

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

Video

Spider Lovers Scurry to Colorado Town in Search of Mating Tarantulas and Community

LA JUNTA, Colo. (AP) — Love is in the air on the Colorado plains — the kind that makes your heart beat a bit faster, quickens your step and makes the hair on the back of your neck stand up.

NEW YORK – During his recent visit to New York to participate in the opening session of the UN General Assembly, Prime Minister Kyriakos Mitsotakis visited a fast-food stand owned by a Greek-American entrepreneur.

BOSTON – Noted businessman and well-known philanthropist Michael Psaros of New York will be honored in Athens on Monday, October 14 by the International Foundation for Greece at the Acropolis Museum.

LIMASSOL, Cyprus - With Cyprus preparing to take in people in Lebanon trying to get away from a spreading conflict that has seen Israel launch air strikes and ground movements hunting Hezbollah terrorists, about 80 Chinese citizens and their families were taken to the island.

CORINTH, Greece - A Deputy Mayor in Evrostina in the Corinth region of the Peloponnese suspected of accidentally starting a fire while tending to bee hives, the blaze destroying 16,062 acres and killing two was fined 3,000 euros ($3,308) will face additional charges.

espa

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.