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Monday, 02 December 2019

Clashes between Afghan, Arab asylum seekers at Hios migrant ‘hotspot’

Clashes between groups of Afghan and Arab asylum seekers were reported overnight at the Vial “hotspot” on the eastern Aegean island of Hios (Chios), with the latter further identified as…

Sunday, 01 December 2019

Greek FM: Athens, Cairo view MoU between Ankara and weak Tripoli interim govt as ‘legally baseless’; Turkey ‘erases’ Kastellorizo

Greek diplomacy continued in “overdrive” mode over the weekend, days after Ankara abruptly announced the signing of a MoU with the weak Tripoli-based interim government to delineate exclusive economic zones…

Mitsotakis announces center-right govt’s own ‘social dividend’ for 200K households, allocated this month

The now ubiquitous “social dividend”, a welfare bonus derived from an excess annual budget surplus and paid out from Greek state coffers at the end of the year, will again…

Friday, 29 November 2019

Weak quake NW of Greek city of Lamia

Ά weak earthquake, 4.2 on the Richter scale, was recorded just before 11 p.m. (21.00 GMT) on Friday northwest of the south-central Greek city of Lamia. The quake was pinpointed at…

More than 55k third country nationals being hosted in temporary shelters managed by Greek armed forces

More 55,000 third country nationals – would-be asylum seekers and irregular migrants from dozens of countries – are now being hosted in shelters operated by Greece armed forces, according to…

Athens demands Libyan ambassador present MoU with Turkey over EEZ delineation; expulsion reportedly to follow

Athens is reportedly ready to manifest its extreme displeasure with the latest attempt by Turkey to erase half the islands of the Aegean, including Crete, in the wake of a…

World Bank to ‘N’: These are the reforms that will boost Greece’s ranking in the ‘Doing Business’ index

By V. Kostoulas [email protected] Finally inaugurating a unified and functional land registry (cadastre), instituting “e-courts” to accelerate the creaky justice system and better access to credit are among the recommendations…

Thursday, 28 November 2019

Latest instance of ‘Turkography’ finds ally in shaky Tripoli-based interim govt; erases Crete, Dodecanese from map

The latest instance of “Turkography” attracted a high-profile and scornful reaction by Athens on Thursday, hours after the Turkish government announced a MoU to establish the boundaries of an exclusive…

Tourism research NGO cites 3.5% hike in int’l flight passengers to Greece in Jan-Oct 2019

Some 20.5 million passengers were recorded on international flights to and from Greece in the Jan-Oct 2019 period, an increase of roughly 687,000 passengers, or 3.5 percent, from the corresponding…

Nearly 200 third country nationals picked up, or land on eastern Aegean isles

More than 200 third country nationals were either picked up by the Greek coast guard and Frontex or landed by themselves on a handful of eastern Aegean islands over the…

Last-minute provision in taxation draft bill to

A last-minute rider tacked on to draft legislation that includes the highly-anticipated first batch of tax breaks in the post-memorandum period will allow taxpayers with arrears to the state to…

Wednesday, 27 November 2019

OECD warning over rapidly aging population in Greece; strains on developed world’s social security systems

The Organisation for Economic Co-operation and Development (OECD) on Wednesday sounded warning bells over Greece’s demographic prospects, in its latest report, which focused on the social security systems in the…

Latest witness before Parliament com’t probing Novartis investigation also denies he’s an ‘anonymous witness’

The latest witness on Wednesday to appear before members of a Parliamentary fact-finding committee also maintained that he’s not one of three anonymous witnesses whose allegations – including hearsay testimony…

Center-right govt tables long-awaited bill for middle class, business tax breaks

A highly anticipated draft bill on taxation was tabled on Tuesday evening in Greece’s parliament, with the highlights being welcome, albeit modest, tax breaks for the country’s crises-battered middle classes…

One fatality reported in clash between rival groups of foreign workers in Irakleio

Violent street clashes between rival groups of foreign nationals in the Cretan city of Irakleio (Herakleio) on Tuesday have left one man, a 37-year-old Pakistani national, dead. Three arrests were…

Commission to return Greece to list of ‘marketable risk’ countries, as of New Year

By N. Bellos [email protected] A further indication of the Greek economy’s return to “normalcy” came on Tuesday, with the EU Commission deciding, as of Jan. 1, 2020, to return Greece…

6R quake NW of Crete; felt in greater Athens area

An earthquake measuring 6 on the Richter scale – with other estimates varying between 5.9 and 6.1 – was felt thoughout the greater Athens area on Wednesday morning at 09.30…

Tuesday, 26 November 2019

Former sec’t to one-time top Novartis Greece exec reportedly tells Parliament com’t she has no knowledge of payoffs to politicians

Members of a Parliament fact-finding committee on Tuesday heard testimony by the one-time secretary to ex-Novartis Greece vice-president and general manager Constantinos Frouzis, with the witness reportedly stating that she…

Agreement between National Bank, AstroBank Ltd. for sale of former’s Cyprus subsidiary

National Bank of Greece (NBG) on Tuesday announced an agreement to sell-off 100 percent of its shares in its Cyprus subsidiary, National Bank of Greece (Cyprus) Ltd, to AstroBank Ltd. …

Rick Pitino re-signs as coach of Panathinaikos Athens BC

Well-known NBA and college basketball coach Rick Pitino will again assumed the reins of the popular Panathinaikos Athens club, with a contract extending to the summer of 2021. Pitino, 67,…

2 Greek civil protection units, equipment to be dispatched to Albania

Two Greek emergency crews will be dispatched to neighboring Albania to aid in relief and search efforts, hours after a 6.4 on the Richter scale earthquake near the central port…

Opposition decries appointments of ruling party cadres as public hospital presidents; recent appointee, 80, resigns

Charges of a “clientelism” and patronage, but this time aimed against the only months-long Mitsotakis government, surfaced with a vengeance this week after reports of appointments of ruling party cadres…

Mitsotakis to Corriere della Sera: Int’l investors showing that political risk in Greece eliminated

Greek Prime Minister Kyriakos Mitsotakis this week again burnished his pro-business credentials to a foreign media outlet, telling Italy’s mass daily “Corriere della Sera” that international investors now appear to…

Monday, 25 November 2019

Greece completes early repayment of portion of IMF loan, worth 2.7 bln€

Greece on Monday paid off a 2.7-billion-euro portion of a loan extended by the International Monetary Fund (IMF) before its maturity, using early payments for the “expensive” IMF loans. The…

Constitutional revision finally allows eligible ex-pat Greeks right to vote from abroad

Nine articles in Greece’s constitution were ultimately revised on Monday, during a Parliament plenary vote that concluded a two-state process that began with the previous plenum, with most the most…

Finance Ministry: Primary budget surplus of 5.7 bln€ in Jan-Oct 2019 period

Final figures show a year-long primary budget surplus, for the Greek state, of 5.739 billion euros as of October 2019. During the specific month, revenues increased by 95 million euros,…

Lamda Development announces agreement, in principle, with 2 Greek lenders for 880-mln€ to finance Helleniko project

ATHEX-listed Lamda Development has come to an agreement, in principle, for a 880-million-euro financing package by two out of four Greek systemic lenders in order to finance its iconic Helleniko…

Reports: Athens to request less strict fiscal targets; ANFAs/SMPs profits at Tuesday’s EWG meeting

Greece’s finance ministry’s leadership will attempt to pry two concessions from Eurozone partners at Tuesday’s Euro Working Group meeting in Brussels, with the first and foremost being greater fiscal flexibility…

Trio of Turkish nationals arrested north of Corfu on charges of smuggling migrants to Italy

Three Turkish nationals were detained aboard a chartered yacht sailing between the Ionian island of Corfu and the small Othoni complex, off extreme southwest Albania, on suspicion of ferrying illegal…

Weather front with heavy rains causes problems throughout Greece

Torrential rains were recorded over much of mainland Greece overnight on Monday, with at least two fatalities reported in southwest Greece, when a sailboat with two men on board overturned…