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Monday, 18 November 2019

Greek shipping interests lead global pack in terms of vessel purchases, new orders in 2019

By A. Tsimplakis [email protected] Greek shipping interests continue to lead other international players in terms of new orders for the current year, with 57 new vessels ordered, including pricey LNGs,…

End-of-year period sees up to four different taxes, fees eagerly expected by Greek state coffers

By G. Kouros [email protected] The next 40 days are significant for Greece’s closely-scrutinized state coffers, with taxpayers – both individuals and legal entities – obliged to cover up to four…

Sunday, 17 November 2019

Tsitsipas wins first major title by overcoming Thiem at 2019 NITTO ATP Final

Greek tennis star Stefanos Tsitsipas star picked up his first major international title on Sunday by defeating Austria’s Dominic Thiem in the 2019 NITTO ATP Final 2-1 sets in London.…

The traditional settlement of Plesio, in extreme NW Greece

Built at an altitude of between 280 and 360 meters, the village of Plaisio, or Plesio, in extreme northwest Thesprotia prefecture, is a characteristic example of a traditional settlement in…

Masoutis super market chain eyes 830 mln€ in turnover for 2019

By G. Hatzilidis [email protected] Greek super market operator Masoutis is set to exceed 830 million euros in turnover for 2019, the management said this week, with the figure for its…

Sale of Forthnet looming; last details under scrutiny by creditor banks, Marinakis group

The sale of debt-laden subscriber TV and Internet provider Forthnet to a company controlled by shipping magnate Vangelis Marinakis is headed into the last stretches, with both sides of the…

Deadline for binding offers for Creta Farms on Mon.

By D. Alexaki [email protected] A deadline for binding offers for Greek luncheon meats maker Creta Farms expires on Monday evening, part of a last-ditch effort to keep the once high-flyer…

Annual Polytechnic commemoration march through Athens; scattered rioting

An annual protest march to mark the anniversary of a students’ uprising against a military junta ruling Greece in 1973 was held in Athens and other cities around the country…

Friday, 15 November 2019

Reports: Εx-Novartis Greece chief Frouzis claims prosecutor only interested in politicians

The one-time top pharmaceutical executive in Greece continued his testimony on Friday before members of a Parliamentary fact-finding committee tasked with probing whether a years-old prosecutorial investigation into alleged kickbacks…

Weak quake shakes Hydra isle; south of Athens

A weak earthquake measuring 4.2 on the Richter scale was recorded at 20:15 (18.15 GMT) off the Saronic Gulf island of Hydra. The quake’s epicenter was pinpointed at 39 kilometers…

IMF forecasts on Greek economy: satisfaction for 2019; skepticism for 2020

By N. Stasinou [email protected]  The IMF has lowered expectations for Greek economic growth, with a report on Friday citing lower forecasts for both the ongoing year and 2020. Additionally, the…

Govt reply to high-profile FT article on ‘backtracking’ by Greece on money laundering fight

A prominent FT article this week warning that a recently passed penal code revision in Greece comprises a “nod” to money laundering generated a first official reaction on Friday, with…

Thursday, 14 November 2019

Media reports: Former Novartis VP denies kickbacks claims; cites pressure to implicate politicians

Former Novartis Greece vice-president and GM Constantinos Frouzis, one of the protagonists in a years-old judicial probe into allegations of high-level kickbacks by the pharmaceutical multinational in the country, on…

FT: Revision of law in Greece this week viewed ‘as backtracking on money laundering’

The months-long Mitsotakis government was the recipient of a rare but prominent rebuke in the international press this week, with none other than the Financial Times sounding “warning bells” over…

Mitsotakis invited to North Macedonia by Zaev, promises to back EU prospects; Macedonia products trademark unveiled

Greek Prime Minister Kyriakos Mitsotakis met with his North Macedonia counterpart Zoran Zaev on Thursday in Thessaloniki, where the neighboring state’s European prospects was the main topic of talks, with…

Privatizations in Greece – Some moving forward, others struggling

Pushing through major privatizations was one of the main pledges of center-right New Democracy (ND) while in the opposition, while after winning the July 2019 general election the actual implementation…

Rehn to ‘N’: Continuing slide of Greek bond yields reflects markets’ expectations that reforms will continue

By E. Triiri    [email protected] Former EU Commissioner and current Finnish central banker Ollie Rehn underlined to “N” this week that the continuing slide of yields on Greek state bonds…

Wednesday, 13 November 2019

WB report on ‘Doing Business’ cites how Greece can increase ranking by 18 spots

A latest World Bank report gives kudos to thrice bailed-out Greece for taking significant action towards improving the business environment in the eastern Mediterranean country, although warning that business people…

Commission auditors sound warning bells over gaps in EU’s policy to deal migrant crisis

European auditors on Wednesday called on the European Union to dramatically improve efforts to ease migrant pressure on Greece and Italy, citing the fact that thousands of asylum seekers continue…

Greek tax bureau reports major scam involving software that conceal sales; 100 businesses implicated

Greece’s independent public revenues authority this week announced what it called a major ring using software applications to alter cash register and e-transactions, with the purpose of showing lower turnover…

Study: Greece fourth among 40 European countries for pensioners’ quality of life

A study by Blacktower Financial Management puts Greece in fourth place, among 40 European countries, for best place for pensioners to live, with Spain – as widely expected – in…

Press reports: Ex-Novartis Greece VP tells Parliament com’t that prosecutors asked him implicate 10 politicians

The man at the center of allegations that have fueled a lengthy – and unending – independent judicial probe of Novartis’ Greek subsidiary, and specifically whether the latter paid off…

Tuesday, 12 November 2019

Energy, waste management investment prospects dominate MoU signed between Athens, Beijing

By S. Zisimos [email protected] Greece’s energy sector appears to be at the forefront of Chinese state  investment interest, as detailed in a MoU signed on Monday by the relevant Greek…

Anti-corruption prosecutor files sole charge against ex-minister in years-long Novartis probe; day after rebuke by high court prosecutor

A controversial anti-corruption prosecutor on Tuesday conveyed an order to the Athens prosecutor’s office to file a felony bribery charge against former health minister and current MP Andreas Loverdos, the…

Chinese leader Xi expresses support for return of Parthenon Marbles to Greece

Greece’s decades-long campaign to repatriate the Parthenon Marbles received prominent support on Tuesday, with Chinese leader Xi Jinping saying he not only agrees with the return of the emblematic friezes…

Minister: Govt reconsidering reintroduction of malicious blasphemy of religion offense in penal code

The relevant justice minister on Tuesday morning, during a radio news program, cited the prospect of reconsidering the reinstitution of the offense of malicious blasphemy of religion in Greece’s penal…

Monday, 11 November 2019

ΕU Council adopts framework for sanctions over Turkey’s ‘illegal drilling activities’ in the east Med

 The EU Council on Monday issued a stern rebuke against Turkey for what it called the neighboring country’s “illegal drilling activities in the Eastern Mediterranean”, while adopting a framework…

MoU between RINA, Athens Polytechnic to train graduating Greek naval engineers

Italy’s well-known maritime registry and certification/classification body, RINA, this week announced the signing of an MoU with the Athens Polytechnic’s (NTUA) school of naval architecture and marine engineering. RINA’s initiative…

Xi tours Cosco-managed Piraeus Port Authority, the biggest Chinese investment in Greece

Visiting Chinese President Xi Jinping on Monday afternoon toured the facility that comprises the biggest Chinese direct investment in Greece, the Piraeus Port Authority (PPA), one of a handful of…

Chinese interest in Greek banking sector in wake of plan to reduce massive exposure to NPLs

Chinese interest in Greece’s thrice-capitalized systemic banking system reportedly focuses on opportunities offered from implementation of the “Hercules” plan to reduce “bad debt” held by the country’s four systemic banks.…