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Monday, 25 November 2019

Rail upgrade, new line envisioned for Thessaloniki Port Authority

By F. Zois [email protected] The state-run rail network infrastructure manager, OSE, will reportedly approve work to upgrade the current rail line connecting the Thessaloniki Port Authority, with a new line…

Sunday, 24 November 2019

Mass arrivals of would-be asylum seekers, irregular migrants continues in eastern Aegean

Nearly 650 irregular migrants and would-be asylum seekers landed on a handful of Greek isles in the eastern Aegean over the past 24 hours, autorities announce on Sunday morning, in…

Latest ‘hiccup’ in Helleniko privatization reportedly affects Integrated Resort Casino tender

By T. Igoumenidi [email protected] A relevant competition committee tasked with overseeing an international tender for an Integrated Resort Casino (IRC) at the Helleniko property development site in southeast coastal Athens…

Friday, 22 November 2019

Police announce dismantling of major street crime ring targeting central Athens locations

Greek police on Friday announced the arrests of 22 individuals and arrest warrants for another 13 suspects charged with scores of muggings and robberies in the central Athens area, mostly…

Draft budget foresees 1.8 bln€ surplus for Greek social security funds in 2020

By S. Papapetros Greece’s social security funds are expected to post a surplus of 1.021 billion euros for 2020, according to a forecast in the draft budget, which was tabled…

Greek skipper dies in fire aboard bulker sailing off Brazil

A 40-year-old Greek ship captain was fatally injured during a fire aboard the Greek-flagged bulker “Ore Sudbury”, as the vessel was sailing in a sea region off Guaiba, Brazil. According…

BoG Gov.: ‘Hercules’ plan to reduce banks’ NPL burdens in right direction, but not enough

Bank of Greece (BoG) Gov. Yannis Stournaras this week reiterated that the highly touted “Heracles” plan, which aims to reduce the massive value of “bad debt” held by Greece’s systemic…

Migration flows continue, despite high-profile promises of crackdown; more than 600 arrivals to Greece in 24h period

More than 600 third country nationals were recorded as entering Greece over just the past 24-hour period, as the flows of irregular migrants and would-be asylum seekers disembarking from neighboring…

Greek govt promises ‘one-code-for-all’ in bid to squash bureaucratic ‘red tape’

A relevant digital governance minister this week announced a set of measures aimed to “slain” the “Hydra” of ubiquitous Greek bureaucratic “red tape”, saying a decision has been signed so…

Thursday, 21 November 2019

Greek mobile phone, Internet provider Wind on selling block

By T. Igoumenidi [email protected] Three to four international investment funds, according to reports, have expressed an interest for Wind Hellas, of the three mobile phone and Internet providers in Greece.…

ND lead over rival SYRIZA slightly widens from last month; at 14% points

Ruling New Democracy (ND) party’s lead over main opposition SYRIZA slightly widened over the past month, according to opinion poll results presented on Thursday evening, specifically at 14 percentage points.…

Cosco Shipping Charity Foundation donation of 500K euros to Hellenic Red Cross

Cosco Shipping Charity Foundation has donated 500,000 euros to the Hellenic Red Cross towards the support of 2,180 children of economically disadvantaged families in the wider Piraeus area. A check…

PayPal exec to ‘N’: Greece was, still is one of our most important markets

 By L. Kalamara The head of PayPal’s central and eastern Europe division reiterated, in an interview with “N” this week, that the worldwide online payments platform records roughly half a…

Draft budget for 2020 tabled; ambitious 2.8% GDP growth forecast, 3.6% primary budget surplus

The draft state budget for 2020 was tabled in Parliament on Thursday, the first for the months-old Mitsotakis government, with the highlights being a 2.8-percent growth rate for the coming…

OECD forecasts Greek GDP growth of 1.8% for 2019; 2.1% for 2020

The Organisation for Economic Co-operation and Development (OECD) foresees a GDP growth rate of 2.1 percent for 2020, up from 1.8 percent this year, while also saying the Greek state…

Ethiopian Airlines to resume Athens-Addis Ababa route in Dec.

Ethiopian Airlines returns to the Greek market with three flights a week connecting Athens with Addis Ababa, and specifically on Tuesdays, Thursdays and Saturdays. The route will re-commence, after an…

Mitsotakis from Zagreb: Viable growth for Greece a top priority

Greek Prime Minister Kyriakos Mitsotakis appeared optimistic on Thursday during his meeting in Zagreb with his Croatian counterpart Andrej Plenković, a day after speaking at a European Peoples’ Party (EPP)…

Break-in reported at Istanbul residence of Ecumenical Patriarch

Three masked suspects entered the residence of the Ecumenical Patriarch Bartholomew I, on Saturday evening before being detected by a housekeeper, according to the Istanbul-based ethnic Greek newspaper “Anatoli”. Bartholomew…

ANEN shipping picks up ‘Aiolos Kenteris I’ in auction; second vessels after ‘Theofilos’

By L. Karageorgos [email protected] The Crete-based ANEN shipping lines has acquired a second fast-ferry that was once owned and operated by the NEL lines, the iconic “Aiolos Kenteris I”, which…

Wednesday, 20 November 2019

Reports: Ellaktor considering 500-mln€ debenture bond

By T. Igoumenidi [email protected] ATHEX-listed Ellaktor, a multinational construction contractor, is reportedly considering a 500-million-euro debenture bond, as part of efforts to restructure its loan burden.  The construction company has…

Greek public order ministry gives written 15-day notice to squatters to evacuate

Greece’s citizens’ protection ministry, the euphemism for the public order ministry, on Wednesday announced a 15-day deadline for the evacuation of illegally occupied buildings around the country, or what’s known…

4th enhanced supervision review for Greece successful; Commission recommends disbursement of ANFAs, SMPs

By N. Bellos [email protected] The EU Commission has essentially announced the successful completion of the fourth post-bailout for Greece, amid the “enhanced supervision” process that is now followed by European…

Gov’t announces extra measures to manage, deflect migrant crisis; promises faster repatriation, better guarding of borders

The Greek government, as widely expected, on Wednesday announced yet another set of measures to manage the resurgent migrant/refugee crisis in the country, as increasing flows of irregular migrants and…

Alpha Bank announces 12 bln€ securization of NPLs

Greek lender Αlpha Bank, one of four systemic and thrice-recapitalized banks in the country, this week announced a major securization of NPLs via a “carve out” process. The level of…

Migrant flows continue in eastern Aegean as Mitsotakis govt promises yet another series of measures

The flow of irregular migrants and would-be asylum seekers in the eastern Aegean continued unabated, as Greek coast guard units and Frontex crews picked up 369 third country nationals over…

Tuesday, 19 November 2019

Hellenic Fiscal Council: Goals for 2020 GDP growth, primary budget surplus ‘possible’, but with asterisks

The Athens-based Hellenic Fiscal Council on Tuesday said the primary budget surplus target for 2020 is possible, but under certain conditions. At the same time, HFC terms the goal for…

Athens court hands down 22 convictions in Siemens kickbacks, money laundering case; 14 years after probe began

Greece’s creaky justice system finally adjudicated a high-profile case involving kickbacks and bribery by Siemens’ subsidiary in the country to win state contracts, with convictions handed down against 22 defendants,…

BoG Gov: 2.4-2.5% GDP growth in 2020; no Novartis kickbacks ‘scandal’ whatsoever

Bank of Greece (BoG) Gov. Yannis Stournaras forecast a GDP growth rate of between 2.4 to 2.5 percent for the country in 2020, under the condition that the current government…

Monday, 18 November 2019

Mitsotakis to Handelsblatt on resurgent migrant crisis: ‘it’s unacceptable; we cannot continue like this’

Greek Prime Minister Kyriakos Mitsotakis on Monday reiterated that continuing migrant flows arriving from neighboring Turkey are an unacceptable development, stressing that “we cannot continue like this”, in reply to…

Primary budget surplus at 5.75 bln€ for 10-mo period; gov’t eyes ‘bonus’ to migrant-hit isles, elimination of ‘crisis taxes’

The government on Monday announced the latest figures for execution of the 2019 budget, with a relevant deputy finance minister saying the primary budget surplus for the first 10 months…