A particularly intense snow storm throughout much of south-central Greece, beginning after noon on Monday, resulted in numerous closed roadways, downed power lines and an obligatory general holiday today, Tuesday.
The general holiday, affecting the private sector as well, was extended to Wednesday for the greater Athens area, the Dodecanese islands, the Cyclades isles and Crete.
The most serious incident occurred on the privately-managed Attiki tollway, which arcs across northern Athens from east to west, and where some 3,500 people were stranded into the early morning hours in some 1,100 vehicles. Initially, military personnel, police and volunteers handed out food, water and blankets to stranded motorists.
The mandatory use of snow chains, or tires, was still in place for much of Athens, as well.
Efforts to restore power were ongoing in Attica prefecture (greater Athens), as 53 lines were downed during the storm front, code-named “Elpis”, Greek for “hope”.
Ferry boats remained docked on Tuesday around harbors in greater Athens.
Latest News
Greek Household Deposits Up for Seventh Consecutive Year
This is attributed to a rise in disposable income for individuals, which in turn is associated with a drop in unemployment and a steady uptick in wages
BoG: Greek Tourism Soars – 33mln+ Foreign Tourists Jan.-Oct. 2024
Despite this surge, the average expenditure per visitor decreased by 2.5% compared to last year, standing at €589.5
Piraeus Bank: Greek GDP to Grow at Nearly 2% in 2025
Greece’s real GDP in the first nine months of 2024 increased by 2.3% on a year-on-year basis
PDMA: Greece’s Funding Needs at 15.3 bln€ For 2025
According to PDMA, the country’s total financing needs, year-on-year, are below the 10% of GDP threshold
PDMA: 6-Month Treasury Bill Yield Set at 2.61%
The auction was conducted through the Primary Dealers, with the settlement date scheduled for Friday, Dec. 27, 2024
BoG Gov Stournaras Calls for Immigration and Economic Reforms to Tackle Workforce Shortages
Stournaras categorically stated that reducing VAT on food will not solve the problem of high prices
Construction of Crete–Attica Electrical Interconnection Completed
The Crete-Attica electrical interconnection is expected to be operational from spring of 2025. It's budget exceeds €1.1 billion and has a capacity of 1,000 megawatts
Fraport Greece Unveils €600M Investment Plan to Upgrade Regional Airports
Fraport Greece ’s positive strategy is evident in its 2024 results, with the company having achieved a new record of 36.5 million passengers, an increase of 6% compared to the last year
Hate and Fear: The Magdeburg Tragedy and its Political Fallout
Security agencies appear overwhelmed, lacking clear criteria for identifying threats. The Magdeburg attack is a catastrophe for an already unsettled country.
PM Mitsotakis Discusses EU Defense, Security at North-South Summit
Hosted in Lapland, Finland, which shares a 1,300 km border with Russia, the summit brought together South and North European leaders to discuss security, defense, and migration