x

Economy

Greek Finance Ministry Explains Difference in National and Commission Economic Forecasts

ATHENS – Greek Finance Ministry sources attributed the big divergence between the ministry's forecasts of a 4.7 pct economic contraction in 2020 (basic scenario) and a 7.9 pct contraction (adverse scenario) with a 9.7 pct contraction forecast made by the European Commission on Wednesday to two reasons: 1. The European Commision makes different forecasts for the time of reopening the economy and 2. It takes in view only part of the measures implemented and does not include the 7.0 billion euros liquidity offered by guarantee programs.

RELATED

NICOSIA — The European Union has earmarked 657 million euros ($736 million) for the construction of a a 2,000-megawatt undersea electricity cable that will link the power grids of Israel, Cyprus and Greece, Cypriot Energy Minister Natasa Pilides said Thursday.

Top Stories

Associations

ASTORIA – The Pancyprian Choir of NY held its first meeting of 2022 and shared best wishes for the New Year with their annual cutting of the traditional vasilopita at Dionysos Taverna in Astoria on January 24.

Associations

BRONX, NY – In a festive atmosphere, the traditional cutting of the vasilopita was held by the Northern Chios Society of Pelineon Agia Markella in the community hall of Zoodohos Peghe Greek Orthodox Church in the Bronx on January 23.

Society

ATHENS – A major snow storm that had been predicted for days still caught residents in Greece offguard and the New Democracy government scrambling for answers as to why motorists were stuck for hours on major roads.

Video

Democrats Eye Supreme Court Pick to Revive 2022 Prospects

Democrats stung by a series of election year failures to deliver legislative wins for their most loyal voters hope they'll be buoyed by the prospect that President Joe Biden will name the first Black woman to serve on the Supreme Court.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

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