Tourism’s Next Battlefront: WaterNew York Times (September 23) As a prolonged heat wave scorched Greece in mid-June, with temperatures reaching over 104 degrees Fahrenheit, residents of Sifnos, a small island in the western Cyclades, faced a reality they had long anticipated and feared: Their taps ran dry. read more
Cyprus approves electricity cable to link its power grid with Greece’s Associated Press (September 17) Cyprus has given the green light for construction of a 1.9 billion euro ($2.1 billion) undersea electricity cable linking its grid with Greece’s, aiming to sharply reduce electricity bills and end its energy isolation, the country’s energy minister said Tuesday. Minister George Papanastasiou said the significance of the project is underscored by the European Union’s decision to fund it with the sum of 657 million euros ($735 million). read more
This luxury spot proves that travelers who head straight to Greece’s islands are missing out CNN Travel (September 21) Tell someone you’re going to Greece, and you’ll probably be asked “which Island are you visiting?” It’s an understandable knee-jerk response since many travelers spend little or no time on the mainland. But tourists with eyes only for the Aegean islands are missing out. Specifically, on Costa Navarino, a far-reaching luxury development with four resorts (including the first Mandarin Oriental in Greece), golf courses, shopping, dining and spas, all located in the Messinia region about a three-hour drive from Athens. read more
Greece Aims to Slash Debt to Lowest Since 2009 Within Four Years Bloomberg (September 24) Greece aims to cut about 20 percentage points from its debt pile within just four years in another milestone in the escape from its decade-long crisis, the country’s finance minister said. In an interview, Kostis Hatzidakis predicted that government borrowings will shrink to “close to 130%” of gross domestic product by the end of 2028, bolstered by an economy that has been outperforming its peers. read more
Greek F-35s Possibly Built Both in the U.S. and Italy, First Deliveries in 2028 The Aviationist (September 24) Lockheed Martin says work is on schedule to deliver the first F-35s to Greece in 2028, with the first eight aircraft expected to be built in the United States and the rest assembled in Italy. New details are emerging about the acquisition of the F-35 Lightning II by Greece, following an interview by Greek newspaper Kathimerini to Lockheed Martin’s Vice President of F-35 Business Development J.R. McDonald. As we reported, Greece signed a Letter of Acceptance (LOA) for the procurement of 20 F-35s on July 25, 2024. read more |