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Thursday, 20 February 2020

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…

Greek, Turkish DMs meet in Brussels, on sidelines of NATO summit

Greek Defense Minister Nikos Panagiotopoulos met with his Turkish counterpart Hulusi Akar on Wednesday evening in Brussels, on the sidelines of a NATO ministers’ summit in the Belgian capital. According…

Greek PM Mitsotakis points to milestone 10-yr Greek bond falling below 1%

Greek Prime Minister Kyriakos Mitsotakis on Wednesday took to Twitter to comment on the fact that the yield for Greece’s 10-year bonds had fallen below the psychological barrier of 1…

Tuesday, 11 February 2020

Another, modest step in finalizing Helleniko property development project

The government on Monday announced yet another, albeit modest, step forward towards finally commencing construction at the Helleniko site in coastal southeast Athens, which comprises the most iconic privatization in…

Last-ditch effort to save debt-laden ferro-nickel producer Larco

The latest government-opposition tussle in Greece this week revolves around yet another “last ditch” plan to salvage, via liquidation, the debt-laden and loss-making Larco metallurgical unit in south-central Greece, which…

Monday, 10 February 2020

US consul general in Thessaloniki refers to danger entailed in ‘unreliable suppliers’ in development of 5G networks

The US consul general in Thessaloniki over the weekend referred to the increasingly touchy issue of “5G” technology, warning of a lack of trustworthiness by certain multinationals, a thinly veiled…

Greek govt to requisition land on five islands to create closed ‘hotspots’, as migrant/refugee crisis continues

The Greek government on Monday abruptly announced that it will requisition land on five eastern Aegean islands to create or expand closed temporary shelters, “hotspots”, for asylum seekers and irregular…

Hard Rock Int’l says appeal over Helleniko gaming concession tender has blocked process

Hard Rock International on Monday announced that it has filed an appeal over a recently concluded tender decision for an integrated resort casino concession at the Helleniko site, while stressing…

PPC CEO promises that dominant power utility will remain in Kozani prefecture after ‘de-lignite’ phase

The CEO of state-run Public Power Corp. (PPC), the dominant electricity provider in the country, over the weekend offered assurances that the utility will not abandon the western Macedonia province…

Friday, 07 February 2020

30 ancient ‘curse tablets’ discovered in excavated well in Athens’ Kerameikos site

Thirty ancient Greek tablets featuring curses in the form of invocations to the gods of the underworld, dated some 2,500 years ago, were recently discovered at the bottom of a…

Cosco’s new online platform for port of Piraeus generates opposition

By A. Tsimplakis [email protected] Chinese multinational Cosco’s new online platform for the Piraeus Port Authority (PPA), the Hellenic Port Community System (HPCS), is generated its first waves in Greece’s biggest…

Arctic temperatures recorded overnight in mountainous regions of northern Greece

Polar-like temperatures were recorded in northwest Greece overnight, where the “mercury” fell to minus 13.7C at the Neo Kafkaso site in Florina prefecture, which borders with North Macedonia and Albania.…

Significant int’l interest for Alpha Bank’s 500-mln€ bond issue

ATHEX-listed Alpha Bank on Thursday successfully placed a 500-million-euro, Tier 2 bond with 10-year maturity callable after five years at a yield of 4.25 percent, with the listing on the…

Communication in 2030

By Dimitris Michopoulos, Managing Director at Weber Shandwick Heading towards 2030, the communication of brands and organisations will be tied closer and more directly to their reputation. And this reputation,…

Thursday, 06 February 2020

Warm words by Trump for Greece, Mitsotakis in greeting new Greek ambassador to Washington

The first woman to serve as Greece’s ambassador to the United States was greeted with laudatory language by an upbeat Donald Trump on Thursday, while presenting her accreditations, with the…

Vandals target home of well-known Greek radio talk/news host

Well-known Greek talk radio presenter Aris Portosalte on Thursday posted photographs on his personal Twitter account showing spray-painted slurs against him and his media outlet, Athens-based Skai, scrawled on his…

Hidden GPS tracker leads to stolen herd of sheep, four arrests for rustling

A GPS tracker hidden in bell has led to four arrests in a remote region of the island of Crete on sheep rustling charges, all related to an incident dating…