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Thursday, 06 February 2020

Quake, 4.0R, rattles NW Peloponnese

An earthquake measuring 4 on the Richter scale was recorded at 20.06 (18.06 GMT), with an epicenter 16 kilometers east, northeast of the mountainous town of Kalavryta, in the northwest…

EU Commissioner Gentiloni expresses favorable position on prospect of lower Greece’s fiscal targets

Visiting European Commissioner for Economy Paolo Gentiloni essentially conveyed the European Commission’s favorable disposition over a possible reduction in the ambitious annual primary budget surplus targets that the Greek state…

Wednesday, 05 February 2020

High court rapporteur recommends ruling in favor of 2013 abolition of extra monthly payments for retired civil servants

A rapporteur before a plenary session of Greece’s Council of State (CoS), the country’s highest administrative court, has reportedly recommended that the state’s abolition of the so-called “13th” and “14th”…

Compromise reached for preservation, display of skeletons at ancient Faliro necropolis

Members of the culture ministry-affiliated Central Archaeological Council (KAS) on Tuesday approved of a “compromise plan” to construct an underground shelter in order to permanently protect and display the 80…

IOBE sticks with Greek econ forecasts for 2020, 2021: 2.2 to 2.5%, 2.3 to 2.5%

The Athens-based Foundation for Economic & Industrial Research (IOBE) on Wednesday insisted on its forecasts of economic growth in Greece below the government’s forecasts for 2020 and 2021, namely, at…

Govt: Damages for state-run PPC from lignite use in 2020 estimated at 400 mln€

Greece’s environment ministry this week announced that damages to be incurred by the state-run Public Power Corp. (PPC), the country’s dominant electricity utility, in 2020 from the use of lignite…

Tuesday, 04 February 2020

Tension for second day on Lesvos, as would-be asylum seekers again take to streets

A tense situation continued on the eastern Aegean island of Lesvos (Mytilene) on Tuesday, a day after roughly 2,000 asylum seekers temporarily hosted on the isle rioted, demanding better living…

Monday, 03 February 2020

Hard Rock Int’l files appeal against decision disqualifying its bid for Helleniko casino concession

Hard Rock International has filed a pre-trial appeal in Greece against last month’s decision by the country’s gaming commission to declare the former’s binding offer for an integrated resort casino…

ECB VP: Massive NPLs remain recovering Greek economy’s ‘Achilles heel’

The “Achilles heel” of the recovering and more stable Greek economy is none other than NPLs burdening systemic banks’ balance sheets, European Central Bank vice-president Luis de Guindos underlined, during…

Investments on the forefront during Greek PM’s visit to Saudi, UAE

By G. Kampourakis [email protected] Greek Prime Minister Kyriakos Mitsotakis and a small coterie of top ministers arrived in the Arabian peninsula over the weekend for a round of high-profile meetings…

Friday, 31 January 2020

Seven out of 10 employers surveyed in Greece reports difficulty in finding skilled employees

Nearly eight out of 10 surveyed employers in Greece – specifically 77 percent – face difficulty in covering open job spots, an 11-year high, according to results of the annual…

Greek Parliament ratified new defense cooperation protocol with US

Greece’s Parliament on Thursday evening ratified a mutual defense cooperation protocol with the United States, with 175 deputies in the 300-MP legislature voting in favor, namely, deputies from ruling center-right…

Thursday, 30 January 2020

Greece eyes 2.7km floating sea ‘dam’ to prevent continued flows of 3rd country nationals to east Aegean isles from Turkey

The Greek government on Thursday confirmed foreign media reports that it is planning to use floating obstacles in a bid to prevent boats disembarking from Turkey and carrying third country…

3 urban terror arrests announced by Greek police, including so-called ‘archer of Syntagma’

Greek police on Thursday morning announced three urban terrorist-related arrests from the previous day, with one of the suspects identified as the so-called “Archer of Syntagma”, a man once photographed…

Wednesday, 29 January 2020

Macron refers to Turkish provocations in east Med; violations in terms of Libya agreement

French President Emmanuel Macron referred to a “common geostrategic” vision between France and Greece in the eastern Mediterranean, during a joint press conference with visiting Greek Prime Minister Kyriakos Mitsotakis…

Significant Archaic-era discovery at Epidaurus archaeological site

Another structure at the Asklepieion sanctuary, within the archaeological site of Epidavros (Epidaurus) in southern Greece, where the eponymous ancient theater is located, has been excavated by archaeologists, with the…

Urgently passed amendments removes ‘specter’ of relegation from football club PAOK

An urgently tabled amendment downgrading fines and penalties dealing with multiple ownership stakes in Greece’s pro football league was passed by a majority of 156 MPs in the 300-deputy parliament…

Tuesday, 28 January 2020

Moderate quake, 5.2R, in SE Aegean

A moderate earthquake measuring 5.2 on the Richter scale was recorded at 5.38 p.m. (15.38 GMT) on Tuesday in the southeast Aegean sea region, with an epicenter 78 kilometers southeast…

Greek govt to water down strict provisions in pro football law; bid to avoid clash with popular club

The center-right Mitsotakis government appeared to be steering clear of a “show down” with northern Greece’s most popular football club, PAOK Thessaloniki, over a previous day’s ruling, by a semi-independent…

Athens views Trump comment to Erdogan over avoiding provocations in east Med as positive

Greek government spokesman on Tuesday said a statement attributed to US President Donald Trump, during a phone call with Turkish President Recep Tayyip Erdogan, urging the avoidance of “provocations” stemming…

Heavy demand for 15y Greek bond issue; first in post-crisis era to mature after 2023

Demand for a 15-year Greek bond issue, which will mature in February 2035, was deemed as highly satisfactory by the country Public Debt Management Agency (PDMA), which floated the issue…

Monday, 27 January 2020

Mitsotakis from Auschwitz: ‘Let us not allow mankind to live such an untold tragedy ever again’

Greek Prime Minister Kyriakos Mitsotakis on Monday attended the somber 75th commemoration of the liberation of the Auschwitz death camp, a day observed in many countries around the world – including…

Pro sports com’t recommends expulsion of PAOK FC from Greece’s Super League

Greece’s semi-independent professional sports committee on Monday handed down an eyebrow-raising decision-cum-recommendation to expel two football clubs from the top-flight league, namely, first-place PAOK Thessaloniki and mid-level Xanthi FC, after…

Greek FinMin confirms reports of 15y bond issue approved; book to open this week

Greece’s finance ministry, Christos Staikouras, during a radio interview in Athens early Monday afternoon, confirmed that the country’s Public Debt Management Agency will float a 15-year bond issue in the…

Lamda Development to buy out Dogus Group for sole ownership of Athens-area Flisvos Marina

ATHEX-listed Lamda Development has reached an agreement with Turkey-based Dogus to purchase 50-percent of the company Lamda Dogus Investments for 12.4 million euros, a development that will leave the former…

Clash between Goldair, Trainose over rail market in Greece

By F. Zois [email protected] The first “clash” between rival rail transport providers in Greece’s post-privatization era has erupted between Trainose, owned by Italy’s Ferrovie dello Stato, and a consortium comprised…

Friday, 24 January 2020

Mitsotakis, Greek FM inform Turkish govt that search & rescue units at their disposal, hours after major quake

Greek Prime Minister Kyriakos Mitsotakis on Friday evening extended his condolences to Turkish President Recep Tayyip Erdogan and the Turkish people over a devastating 6.8 on the Richter scale earthquake…

New election law favoring bonus majority system passed in Greece, effective after next ballot

A majority of Parliament deputies, 163 out of the 300 in Greece’s legislature, on Friday ratified a new law that restores a more reinforced majority bonus system, whereby the first-past-the-poll…

Mitsotakis from Davos: Emphasis on FDIs; points to Turkish provocations in east Med

By A. Sotiriou [email protected] Greek Prime Minister Kyriakos Mitsotakis’ inaugural appearance at the annual World Economic Forum in Davos, Switzerland as the country’s head of government revolved around two main…

EU auditors discuss privatizations, private sector access to lignite production in talks with Greek govt

Representatives of Greece’s European creditors focused on energy sector issues this week in talks with the relevant ministry’s leadership, namely, allowing private sector entities to the country’s lignite production –…