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Wednesday, 08 January 2020

Mitsotakis to FT: 3% GDP growth forecast for 2020, ‘we’re in process of breaking out of a vicious cycle’

Financial Times posted an extensive feature on the recovering but still fragile Greek economy, as well as on Prime Minister Kyriakos Mitsotakis on Wednesday, coinciding with the latter’s official visit…

Tuesday, 07 January 2020

Trump hails ‘extraordinary’ relations with Greece; Mitsotakis cites F-35 prospects, Turkey-Libya maritime ‘map drawing’

Greek Prime Minister Kyriakos Mitsotakis was welcomed to the White House’s Oval Office on Tuesday by US President Donald Trump amid a now even more explosive situation in the Middle…

Banner year for cruise tourism in Greece in 2019

An association of port authorities in Greece on Tuesday announced a significant increase in the number of cruise ship arrivals in 2019, compared with 2018, with 3,899 arrivals recorded at…

Greek high court to decide fate of thousands of legal challenges demanding retroactive return of social security cuts

By S. Papapetros [email protected] A closely watched ruling that is expected to establish a legal framework for dealing with thousands of current and future legal challenges aimed to overturn social…

Monday, 06 January 2020

Two suspects arrested in hooligan-related fatality in Thessaloniki on Sun.

Two suspects were arrested in Thessaloniki on Monday in relation to a fatal traffic accident in the city a day earlier, when a 28-year-old Bulgarian man was hit by a…

Snow, rains around Greece on Monday, coinciding with Epiphany

Another cold front has generated heavy snowfall in many parts of mainland Greece on Monday, which is the religious and national holiday of the Epiphany in the eastern Mediterranean country.…

Thursday, 02 January 2020

Greek police: 46K 3rd country nat’ls reached north Aegean isles in 2019; 48 irregular migrants deported from Lesvos over same period

Μore than 46,000 third country nationals, would-be asylum seekers and migrants aiming to reach western and central Europe, landed or were transported to a handful of Greek isles in the…

Netanyahu, Anastasiades in Athens on Thur. for high-profile EastMed pipeline signing

The signing of a trilateral agreement in Athens on Thursday by the leaders of Greece, Israel and Cyprus, a mere day after the onset of 2020, for the construction of…

Tuesday, 31 December 2019

Greek shipping sector still No. 1 in second-hand vessel market; Chinese a close second, and rising

By L. Karageorgos [email protected] Greek shipowners and shipping interests again posted a first-place showing in terms of second hand vessel purchases, with Chinese shipping companies in close second place for…

Process continues for eventual relocation of Mont Parnes casino

Greece’s gaming commission has issued a tender for the assessment of properties and surplus value related to the Parnitha casino which operates from atop Mt. Parnitha, overlooking the greater Athens…

Eight seamen abducted by pirates on tanker anchored off Cameroon

Eight merchant seamen aboard the Greek-flagged tanker “Happy Land” were abducted by pirates on Tuesday morning as the vessel was anchored two nautical miles from teh port of Limboh, in…

Monday, 30 December 2019

First heavy snowfall of the season in Greece; traffic, ferry route problems

A handful of stretches of national highways around Greece on Monday were alternately closed due to the season’s first heavy snowfall and frost, including the main north-south Athens-Thessaloniki, along with…

Sunday, 29 December 2019

Light quake shakes Athens area on Sat. evening

A light earthquake, measuring 3.8 on the Richter scale, was recorded at 23.33 (21.33 GMT) on Saturday in the greater Athens area, with an epicenter 39 northwest of the Greek…

Friday, 27 December 2019

Greece’s primary budget surplus for Jan-Nov 2019, 6.945 bln€, significantly exceeds target

The Greek state reported a primary budget surplus, as a percentage of GDP, of nearly seven billion euros over the Jan-Nov 2019 period, exceeding the fiscal target by more than…

Athens Stock Exchange (ATHEX) general index up by 49% over 2019

European stock markets are concluded a banner year at the end of 2019, with the Stoxx 600 up by 22 percent during the year, and with the general index of…

Snow, heavy rains forecast as of Saturday around Greece

A major cold front is expected to pass through Greece on Saturday, beginning in the north and edging south throughout the day, accompanied by freezing rain, snowfall and gale-force winds…

Flurry of Turkish violations in eastern Aegean on Fri.; gov’t announces immediate upgrade of F-16s (Block 52+) to ‘Viper’ model

Almost 100 violations were recorded along the length of the eastern Aegean on Friday by 17 Turkish aircraft, a development that sources in Athens consider an spike in simmering tension…

Privatizations on the calendar next month; Helleniko the focus

A handful of privatizations are expected to either conclude or commence in early 2020 around Greece, with the main focus being on finally seeing the emblematic Helleniko real estate project…

Tom Hanks granted honorary Greek citizenship

Greece’s president of the republic on Friday signed a decree granting honorary Greek citizenship to Hollywood star Tom Hanks, bestowed for his charitable work and philhellenism.   Hanks and his…

Wednesday, 25 December 2019

Number of Greek nationals employed on Greek-flagged vessels marginally drops; calls for more ‘competitive’ wage scale

By A. Tsimplakis [email protected] The number of Greek merchant seamen employed on Greek-flagged vessels continues to fall, according to recent figures released by the country’s statistics authority, and based on…

Mitsotakis pays Christmas Day visit to remote isle of Kasos

Greek Prime Minister Kyriakos Mitsotakis paid a Christmas Day visit to the remote southern Dodecanese island of Kasos on Wednesday, where he toured a local military camp and met with…

Monday, 23 December 2019

Early 2020 crucial for 10 ATHEX-listed companies

By A. Dokas [email protected] The first few months of 2020 will be decisive for eight listed companies on the Athens Stock Exchange (ASE), with the entry of a “strategic investor”,…

Athens signs agreement for upgrade of Mirage 2000/5 fleet of fighter planes

Athens and a trio of French companies on Monday signed a framework for the upgrade of the Hellenic Air Force’s fleet of Mirage 2000/5 warplanes. The development comes after a…

Police operation at Samos ‘hotspot’ days after riot

A major police operation took place on Monday morning at a migrant/refugee reception and identification center on the eastern Aegean island of Samos, with 78 third country nationals detained. The…

Cabinet considers draft bills on birth bonuses; restricting small protests to sidewalks in Athens

The Cabinet on Monday was considering the final text for a draft law that allocate 2,000 euros for every birth to eligible households, with an income criteria reportedly set at…

Travel receipts exceed 17.5-bln€ threshold in Jan-Oct 2019 period: BoG

Travel revenues continued an upward course in October 2019, according to figures released by the Bank of Greece on Monday, although the balance of travel services was slightly down, compared…

Greece a ‘surprise exception’ to global manufacturing slowdown: WSJ

Greece ranks as a “surprise exception” for the Wall Street Journal in the global manufacturing sector, with the New York City-based newspaper praising the economic turnaround after a decade of…

Tender for first Greek LNG bunkering vessel expected in Jan.

By A. Tsimplakis [email protected] Greece’s Public Gas Corp. (DEPA) will commence a tender process next month for the construction of the first bunker ships to supply ocean-going vessels with LNG,…

Sunday, 22 December 2019

Draft bill foresees mandatory vaccination for children up to the age of 4

A health ministry draft bill to be tabled in the coming period will include a provision for the mandatory vaccination of children under the age of four, given a small…

Athens: Trilateral meeting on Jan. 2 to sign agreement between Israel, Cyprus, Greece

The Greek government on Sunday unexpectedly announced that a trilateral agreement between Greece, Israel and Cyprus will be signed in Athens on Jan. 2 to push forth the EastMed natgas…