Year: 2025

Joe Biden

Biden Approves Defense Aid to Cyprus, Marking Major Shift in U.S. Policy

President Joe Biden has authorized the Republic of Cyprus to receive U.S. defense articles and services, a move aimed at modernizing Cyprus’ military and enhancing regional security. This decision, expected to strengthen ties between the two nations, comes amid rising tensions in the Eastern Mediterranean and highlights Washington’s strategic focus on the region.

Cyprus Flag

Spanish Officials’ Remarks on Cyprus Occupation Spark Controversy in Turkey

Remarks by Spanish officials during a visit to Cyprus have stirred controversy, as they criticized Turkey’s occupation of the island, calling it an “anomaly for Europe.” The response from Turkish media was swift, with a pro-government newspaper labeling the comments as “scandalous,” highlighting the ongoing geopolitical tensions in the Mediterranean and differing views within the EU about Turkey’s actions.

Greek City Times Breaking

Qatari Prime Minister Announces Ceasefire Agreement Between Palestinian and Israeli Parties in Gaza

In a significant diplomatic breakthrough, Qatari Prime Minister and Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani announced during a press conference that an agreement has been reached between Palestinian and Israeli parties to initiate a ceasefire in the Gaza Strip. The agreement, set to take effect this Sunday, reflects enhanced cooperation with both the current and incoming US administrations to mediate and implement the deal. Further details about the subsequent phases of the ceasefire will be shared after the initial phase is enacted.

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Greek Government Launches 2025 Tax Discount Program for Insured Homes

Homeowners in Greece can now apply for a real estate tax (ENFIA) discount if their properties are insured against natural disasters, including earthquakes, fires, and floods. Starting in 2025, properties insured for at least a year will receive a tax reduction of up to 20%, with eligibility based on the home’s value. The application process, which involves insurance companies submitting data to the Independent Authority for Public Revenue (AADE), opens on January 15 and runs until February 14, 2025.

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EU Housing Market Trends: House Prices Soar 3.8%, While Greece Stands Out with Falling Rent Prices

House prices in the EU rose by 3.8% and rents by 3.2% in the third quarter of 2024 compared to 2023, with Greece standing out as the only country where rents decreased (-16%). Eurostat data highlights significant disparities, including house prices tripling in Hungary and Estonia since 2010, while Italy saw a decline.

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Greek Army Engineers Build Bridges in Armenia to Restore Flood-Damaged Infrastructure

The Greek Armed Forces have stepped in to assist Armenia by constructing three Bailey Bridges in the flood-affected Lori region. This humanitarian mission, supported by the EU Civil Protection Mechanism, highlights Greece’s commitment to aiding its allies and fostering international collaboration. The project also reflects the deep historical ties between Greece and Armenia, particularly in the Lori region, home to a longstanding Greek community.

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Greek Parliament Suspends State Funding for Spartiates Party

The Greek Parliament has voted to suspend state funding for the Spartiates party, citing its ties to jailed far-right figure Ilias Kasidiaris and the banned Golden Dawn organization. With 267 votes in favor, the decision follows a Supreme Court ruling identifying Kasidiaris as the party’s true leader and linking its activities to those of the criminal group.

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Advanced VICTA to be Built at Skaramangas Shipyards

Skaramangas Shipyards has partnered with British marine technology company SubSea Craft to construct and maintain advanced Victa-type mini hybrid submarines in Greece. This collaboration, supported by the British government, aims to introduce cutting-edge maritime technology to the Greek Armed Forces and establish an Innovation Center to advance defense innovation in the region.

Britain UK British flag

France, Greece, and Portugal May Impose Housing Tax on British Expats Following Spain’s Move

France, Greece, and Portugal are considering following Spain’s lead by implementing a 100% housing tax on British expats. Spain’s initiative, announced by Prime Minister Pedro Sánchez, aims to prioritize affordable housing for locals. This development could impact British communities living in these countries, as reports suggest similar measures might be introduced to address rising housing costs and availability issues.

Karelia Tobacco production facility

Karelia Tobacco Industry Ranked 105th on Forbes’ Greek List 100+, Surpassing €100 Million in Turnover

Karelia Tobacco Industry ranks 105th on the “Forbes – The Greek List 100+”, being the only company from Messinia with a turnover exceeding €100 million. With an 8% increase in revenue for 2023, it continues to demonstrate strong performance alongside Greece’s largest businesses in energy, retail, and industry.

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Jet2 Unveils Largest-Ever Greek Programme for 2025

Jet2.com and Jet2holidays have announced their largest-ever programme to Greece for Summer 2025, with three new destinations, eight new routes, and over 125 additional hotels. With over three million seats on sale and a wider range of holiday options, the companies are set to offer unparalleled choice for travelers heading to Greece.