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Monday, 11 November 2019

Greece, China to sign another 16 bilateral agreements to boost investment, trade; Xi Jinping in Athens

A total of 16 agreements between Athens and Beijing were signed on Monday in the Greek capital, with the primary main aim to further attract investments to thrice bailed-out Greece…

Saturday, 09 November 2019

Cosco subsidiary buys 60% of the share capital of Greece-based Pearl

Cosco subsidiary Οcean Rail Logistics has purchased 60 percent of the share capital of the Pearl company, with the deal sealed today at the Piraeus Container Terminal. Development and Investments…

Draft tax bill unveiled; e-transactions mandated for purchases exceeding 300€

By G. Palaitsakis [email protected]  A draft bill on taxation, unveiled last week, foresees a significant decrease in the maximum allowed threshold for transactions between consumers and businesses, along with tax…

3 suspects netted in coordinated anti-terrorism raids in Athens; weapons cache discovered

A series of raids by Greece’s anti-terrorism unit on Saturday resulted in the arrest of three people, two men and a woman, 41, 45 and 39 years old, respectively, with…

Friday, 08 November 2019

Deflation continues in Greece in Oct 19

The rate of recovery in Greece’s economy – after nearly a decade of a punishing economic implosion – isn’t apparently strong enough to affect consumer prices, with the rate of…

Com’p commission OKs majority purchase of MediaMarkt’s operations in Greece

Greece competition watchdog has approved the majority sale of MediaMarkt’s chain in Greece by local rival Public, part of the Olympia group, owned by the Germanos family. Public CEO Christos…

Thursday, 07 November 2019

Reports: Greek competition commission officials conduct surpise inspection at 4 banks’ HQs over coordinated fee hikes

Inspectors affiliated with Greece’s competition commission on Thursday undertook an unprecedented surprise audit at the headquarters of all four of the country’s systemic banks, with reports citing the confiscation of…

Govt blocks opening of 37 new tertiary departments announced by previous govt just before elex

The relevant education and religious affairs ministry on Thursday announced the immediate suspension of 37 new higher education schools, one of the last controversial measures passed by the previous leftist…

Commission autumn forecasts: Greek GDP growth at 1.8% in 2019; 2.3% in 2020

The EU Commission’s autumn forecast for Greek economic growth puts the figure at 1.8 percent of GDP for the ongoing year, increasing to 2.3 percent in 2020 and 2 percent…

Wednesday, 06 November 2019

EBRD revises Greek econ growth forecasts downward; 2% in 2019, 2.4% in 2020

The Greek economy will grow by 2 percent, in terms of annual GDP, and by 2.4 percent for 2020, the European Bank of Reconstruction and Development (EBRD) announced on Wednesday,…

Greek public order minister to EP com’t regarding migration crisis: ‘we cannot manage this tsunami of people’

Greece’s public order minister on Wednesday called for European countries to assume action for a common front to deal with increased migrations flows, and especially in dealing with unaccompanied minors.…

Negative yield recorded in yet another Greek bond issue

Greece drained 488 million euros on Wednesday from the market with a three-month bond issue, and, more importantly, with another negative yield recorded. Specifically, the yield was 0,08 percent, falling…

Hydrocarbon resources management head significantly dampens initial celebrations over would-be natgas deposit find

The head of the Hellenic Hydrocarbon Resources Management (HHRM) on Wednesday referred to “nonsense” on the part of energy sector analysts regarding the possible existence of a “mammoth” natural gas…

Political furor after leftist MP says possible ‘protest BBQ’ with pork, alcohol outside migrant shelter a ‘shameful, brutal’ act

A statement by an opposition leftist deputy vilifying the possible holding of a barbeque serving pork and beer outside shelters hosting seekers generated an intense firestorm of debate in Greece…

One worker dead in explosion at Larco industrial unit

Αn explosion at the state-run Larco ferro-nickel production unit in south-central Greece on Wednesday morning claimed the life of a 55-year-old worker. No futher information was provided in the wake…

Tuesday, 05 November 2019

Provision readied to mandate 30% e-transactions for taxpayer’s annual total annual income

By T. Tsiros [email protected] The government is expected to unveil the final text of a tax code provision that will require taxpayers in Greece to accumulate 30 percent of their…

Mitsotakis from Shanghai: Supplementary planned being considered for port of Piraeus’ expansion

Greek Prime Minister Kyriakos Mitsotakis appeared positive to the prospect of an expansion of the container terminal at the Cosco- managed Piraeus Port Authority, in high-profile statements from Shanghai on…

New casino opens in NW border prefecture of Florina

Greece’s Hellenic Gaming Commission has given the “green light” for casino license in the northwest Greece prefecture of Florina, which borders with North Macedonia, to a great extent, and with…

Monday, 04 November 2019

Reports: Turkish saber-rattling behind Total-Eni consortium’s decision to postpone exploration in Cyprus’ Block 7

Turkish provocations in the eastern Mediterranean are reportedly the reason for a reason by a Total-Eni consortium to move pending hydrocarbon explorations away from Block 7 in Cyprus’ Exclusive Economic…

Four crewmembers abducted from Greek-flagged tanker docked in Lome, Togo

Four crewmembers from a Greek-flagged tanker “Elka Aristotelis”, docked in the west Africa port of Lome, Togo, were abducted by gunmen overnight, according to shipping officials in Piraeus on Monday…

Greek PM from China cites ‘new chapter’ in bilateral econ cooperation; emphasis on attracting more Chinese investment

Greek Prime Minister Kyriakos Mitsotakis on Monday hailed what he called vibrant economic cooperation between China and the recovering east Mediterranean country, saying the cooperation is heading towards a new…

Essex-like tragedy avoided in NE Greece, as authorities intercept truck crammed with undocumented migrants

Αn Essex-like tragedy of dead bodies found in a lorry was avoided in northeastern Greece on Monday, when authorities discovered more than 80 third country nationals crammed into a truck’s…

Sunday, 03 November 2019

Press report: 2 ‘protected’ witnesses in muddled Novartis probe also spoke with US authorities; whistle-blower reward cited

The latest twist in the seemingly inexhaustible Novartis furor in Greece took a new twist over the weekend with the revelation that a chief prosecutor overseeing a judicial probe acknowledged…

Missing NZ woman located 40 nm from where she went missing aboard a kayak off Folegandros

A missing 45-year-old New Zealand woman was found in good health some 40 nautical miles southwest of the Cyclades isle of Folegandros on Sunday morning, more than 24 hours after…

Reactions, incidents related to resurgent migrant crisis faced by Greece multiply; 40K over past 4 months

Incidents and local reactions related to the resurgent migrant/refugee crisis faced by Greece continued unabated over the weekend, with the government now stepping up evacuations of thousands of third country…

Saturday, 02 November 2019

NZ woman, 45, on sailing holiday goes missing off Folegandros isle

Coast guard craft late on Saturday were still searching for a missing 45-year-old woman from New Zealand, who went missing the previous evening while reportedly trying to approach the Cyclades…

Pair of Greek F-16s accompany US B-52 as it flies towards Syria

Two Hellenic Air Force F-16s accompanied a USAF B-52 bomber as it flew through the Athens and Nicosia FIRs towards Syria, according to information by Greece’s air force general staff.…

Friday, 01 November 2019

Royal Air Maroc, Athens International Airport mark successful Athens-Casablanca route, inaugurated this year

Royal Air Maroc (RAM) and the Athens International Airport (AIA) Eleftherios Venizelos celebrated this year’s inauguration of an Athens to Casablanca route, which began in April with two flights per…

Minister: Rent to count towards 30% e-transactions deductible; incentives for requesting receipts from craftsmen, professionals

Rent expenses will be eligible for inclusion towards achieving a mandatory 30-percent figure of electronic transactions, as a ratio of declared total annual income, that taxpayers in Greece must show…

Govt unveils penal code revisions aimed at stiffening sentences, parole conditions for violent crimes

The center-right Mitsotakis government on Friday unveiled a bevy of proposed revisions to Greece’s penal code, with many of the provisions aiming to overturn the previous leftist government controversial changes…