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Friday, 28 February 2020

Fourth coronavirus instance reported in Greece

A fourth instance of the Covid-19 virus (novel coronavirus) has been reported in Greece, and specifically a 36-year-old Athens resident who also recently travelled to northern Italy. The woman is…

Thursday, 27 February 2020

Nine applications submitted for plants powered by recycled sources of energy, 711.69 MW

Nine applications for plants powered by recycled sources of energy, with a total output of 711.69 MW, have been submitted to Greece’s Regulatory Authority for Energy (RAE), within the framework…

Mitsotakis to visit trio of islands bearing the heaviest cost of the migrant/refugee crisis

Greek Prime Minister Kyriakos Mitsotakis will visit a trio of large eastern Aegean islands that are the heaviest hit from the ongoing migrant/refugee crisis in the region. According to sources…

Greek govt cancels carnival events after third coronavirus instance reported in the country

Greece’s health ministry on Thursday confirmed another two instances of the novel coronavirus in the country, days after the first infection was reported in the northern city of Thessaloniki, with…

Wednesday, 26 February 2020

Global worry over coronavirus complicate potential new market foray by Greece

A sudden surge in the yields for Greek 10-year bonds, on the back of global concerns over the new coronavirus outbreak, appears to have dampened Athens’ plans for a coming…

First instance of coronavirus reported in Greece

The first case of a novel coronavirus (Covid-19) in Greece was reported on Wednesday, with the patient identified as a 38-year-old woman from Thessaloniki who had recently visited the north…

Veteran comedic actor Voutsas, 88, passes away

Veteran comedic actor Costas Voutsas, one of the few remaining major stars from the “golden age” of Greek cinema in the 1960s, passed away in the early morning hours of…

Tuesday, 25 February 2020

One of two ‘protected’ whistleblowers finally testifies, from afar, before Parliament com’t probing judicial conspiracy

One of two “protected” witnesses whose months of testimony fleshed out claims that 10 top Greek politicians took Novartis kickbacks finally testified – albeit from another location – before a…

Pitched battles by local residents on Lesvos, Hios against creation of new ‘hotspots’ for undocumented migrants

An explosive situation erupted on the eastern Aegean islands of Lesvos (Mytilene) and Hios (Chios) early Tuesday morning, with local residents engaged in pitched battles against riot police attempting to…

Monday, 24 February 2020

BoG Gov. cites seven priorities for sustained econ growth in Greece

Greece’s central banker, Yannis Stournaras, referred to the lessons for the country’s battered economy through a decade of crises, but also to challenges and opportunities for the future, in an…

Eurogroup president Mario Centeno at next month’s 5th Delphi forum

Eurogroup president Mario Centeno has confirmed his participation at the 5th Delphi economic forum, to be held early next month in at the European Cutlural Center next to the eponymous…

Saturday, 22 February 2020

Latest Greek high court ruling in favor of Hellas Gold; throws out SYRIZA gov’t decision of 2016

By L. Kalamara [email protected] Greece’s Council of State, the highest administrative court in the country, has reportedly ruled in favor of the most important points in a motion filed by…

Friday, 21 February 2020

High court to rule on protected witness’ demand for ‘distance-testimony’ before Parliament com’t probing alleged judicial conspiracy

The supreme court in Greece is expected to respond to a request by a Parliamentary committee of inquiry, either today or Monday, over a demand by a “protected witness” in…

Arrears to Greek state reach 105 bln€, dating back decades

Arrears to the state were up by 1.3 billion euros at the end of 2019, compared to the same month in 2018, with the total at a stratospheric 105.6 billion…

Report: Middles classes in Greece pay one in two euros collected by the state annually

Figures released this week by the largest industrial and employers’ federation shows that the country’s  crisis-swamped and tax-battered middle classes pay one in two euros collected by the state. The…

Thursday, 20 February 2020

Study: Bread prices in Greece second lowest in eurozone

Bread prices in Greece are the second lowest in the Eurozone, according to the findings of a survey commissioned by a national federation of bakeries in the country and the…

Cosco-led Piraeus Port Authority announces higher turnover, profits for 2019

The Piraeus Port Authority (PPA) on Wednesday announced an increase in both turnover and profits for 2019, with the company recommending a hefty dividend, higher by 27 percent from the…

UBS expects Greece to again miss-out on ECB’s QE stimulus program

Greece may have returned to the “good graces” of the world’s ratings agencies – with Fitch being the latest to upgrade the country’s credit rating – yet this week’s forecast…

Wednesday, 19 February 2020

Greek navy exercises in Aegean, east Med

The Hellenic Navy this week announced a series of exercises in various parts of the Aegean and eastern Mediterranean, with surface vessels engaged in firing exercises off the eastern coast…

Second of 2 ‘protected’ witnesses, main accusors, in Novartis case also a ‘no show’ on Wed.

  The second of two “protected” witnesses that previously implicated 10 past prime ministers, ministers and even Greece’s central banker as recipients of kickbacks by Novartis’ Greek subsidiary on Wednesday…

Tuesday, 18 February 2020

‘Golden visa’ program in Greece expected to attract one bln euros in investment for 2020

By N. Stasinou [email protected] A eyebrow-raising forecast of up to one billion euros is expected to be invested in 2020 by Chinese property investors in Greece, as part of the…

Gov’t anger over wildcat strike, takeover of Athens-area rail depot by unionists

The conservative government reacted angrily to an occupation, by union members, of a train depot in the greater Athens area on Tuesday morning, part of efforts to prevent the scheduled…

Sunday, 16 February 2020

US interest builds for port concessions at Alexandroupolis, Kavala, Volos; Goldair cited as Greek partner

By A. Tsimplakis [email protected] A burgeoning consortium that reportedly includes Greece-based Goldair, along with the US transport multinational SSA Marine and the Black Summit Financial Group investment fund, is expected…

Saturday, 15 February 2020

Cooperation agreements by French, Greek companies towards future acquisition of FTI-type warships

The French embassy in Athens on Thursday hosted an event aimed at promoting and shepherding a possible future acquisition, by the Hellenic Navy, of two state-of-the-art FTI-type warships. FTI stands…

Friday, 14 February 2020

Varoufakis promises to release alleged recordings of 2015 Eurogroup sessions, after ‘snub’ by Greek parliament president

Controversial former Greek finance minister Yanis Varoufakis, who convincingly re-emerged on Greece’s political scene after the July 2019 elections as the leader of a small Parliament-represented party, on Friday promised…

Thursday, 13 February 2020

Bloomberg hails end to euro zone crisis on occasion of Greek 10-year bond falling below 1%

Bloomberg on Thursday heralded what it called the end of the euro zone crisis, coming on the heels of news that the spread between the Greek 10-year bond and German…

Nea Smyrni in Guardian’s ‘Top 10’ European neighborhoods list

One Athens district has made it into the Guardian’s “Top 10” best neighborhoods in Euro is the municipality of Nea Smyrni, coming in 10th. According to the well-known UK daily,…

No changes in fiscal targets until 2022, according to finance ministry circular

A relevant circular by the deputy finance minister requests data and figures from ministries and all general government-affiliated entities in order to compose an updated Medium-Term Fiscal Strategy Framework for…

Wednesday, 12 February 2020

Greek FM in Algeria on Thurs.

Greek Foreign Minister Nikos Dendias will travel to Algeria on Thursday, where he will be received by Algerian President Abdelmadjid Tebboune, before holding talks with his counterpart, Sabri Boukadoum. Besides…

Rescue plan for debt-swamped Larco ratified by Parliament

A draft bill that includes a last-ditch rescue scheme for debt-laden and loss-making Larco, a large state-run ferro-nickel producer, was ratified by a majority of deputies in Greece’s Parliament on…