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An event jointly organized by the Cyprus Institute and the Federation of Cypriot American Organizations of America took place to announce the establishment of a Cyprus Institute Public Benefit Foundation based in the USA, specifically New York.

A blue Mercedes-Benz once owned by former Greek Prime Minister Andreas Papandreou is set to change hands after a Greek entrepreneur living in the Netherlands agreed to buy the car, calling it a tribute to a pivotal figure in the country’s political history.

The Greek real estate market continues to move upwards, with increases in both rents for residential rents for commercial property. But beneath the picture of resilience, the Bank of Greece warns: the supply of quality housing remains low, accessibility is constrained and the imbalance is widening. building activity is not keeping pace with demand, and the market’s next day will depend on whether and how construction of new, affordable housing increases.