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Wednesday, 28 Αυγούστου 2019

Mitsotakis-Merkel talks in Berlin on Thurs

Greek Prime Minister will be in Berlin on Thursday for a closely watched meeting with German Chancellor Angela Merkel, with the agenda to include issues such as more direct investments…

Reports: Loss-making PPC to unveil 500-mln€ rescue plan on Friday

The new leadership of the Public Power Corp. (PPC), Greece’s dominant but currently loss-making electricity utility, will reportedly unveil a rescue plan on Friday worth 500 million euros, revolving around…

Monjasa acquires full ownership of five tankers ahead of IMO2020

Monjasa secures five tankers with a total 37,500 deadweight and thereby extends ownership of the supply chain across core markets in the Arabian Gulf, West Africa and the Panama Canal…

Two ministerial decisions to unblock Helleniko privatization finalized; another 2 remain

By T. Igoumenidi [email protected] Members of the inner Cabinet on Wednesday approved of two joint ministerial decisions deemed as imperative for finally commencing the delay-plagued Helleniko privatization in coastal southeast…

Greek state collects 1.138 bln€ with 26-week T-bills issue; yield at 0.15%

Demand for a new tranche of 26-week T-bills was slightly down on Wednesday, compared to similar issues over the past few months, with an auction of 875 million euros of…

Cabinet accepts justice minister’s recommendations; appoints supreme court president, chief prosecutor

The current vice-president of Greece’s supreme court, Iosif Tsalaganidis, was promoted by the Mitsotakis government Cabinet on Wednesday as the new president of the high court. The same court’s deputy…

Tuesday, 27 Αυγούστου 2019

Average full-time monthly, daily wages in Greece for Feb. 2019 at 1,182, 51.28€, respectively

The average daily wage and average monthly salary for wage-earners with full-time employment in the private sector for February 2019 reached 51.28 and 1,182.39 euros, respectively, according to primary social…

Minister: Two more joint cabinet decisions this week for Helleniko privatization, including gaming license

The relevant development and investments minister promised that two pending joint ministerial decisions regarding the iconic Helleniko privatization will be issued on Tuesday, including one for the closely watched gaming…

Light quake, 4.3R, southwest of Rhodes on Tuesday morning

A light earthquake measuring 4.3 on the Richter scale was recorded on Tuesday at 7.31 a.m. (07.31 GMT) southwest of the large Dodecanese island of Rhodes. The quake was felt…

Turkish-flagged yacht crammed with irregular migrants located off SE Peloponnese

A total of 80 irregular migrants were transported to the small harbor town of Neapoli, in extreme southern Greece, on Monday after being located aboard a sailboat in a sea…

State budget expected to funnel 195 mln€ to PPC in 2020

Greek state coffers are the mostly likely source for up to 195 million euros that will be conveyed to the Public Power Corp. (PPC), the country’s dominant but now exceedingly…

Monday, 26 Αυγούστου 2019

Police operation in Exarchia district to end 4 building squats

Greek police on Monday announced early morning raids to end “squats” at four buildings in the central Athens district of Exarchia, a hub of self-styled anarchists and anti-state activists in…

Lifting of remaining cap controls ratified by large majority of Greek MPs

A draft amendment to abolish remaining capital controls in the country – tabled without a previous announcement on Monday by the finance ministry – was ratified by deputies from all…

Govt calculates higher collection rate for property tax as offsetting loss of revenue from reduction

By T. Tsiros [email protected] Greece’s finance ministry on Monday pointed to an increased collection rate for the property tax (ENFIA) after an average reduction of 22 percent kicks in as…

Underwater power cable laid between Peloponnese, south-central Greece

The laying of a high-voltage (400 κV) underwater cable connecting the Peloponnese with the rest of the Greek mainland was completed on Monday, with the link tracing the Rio-Antirrio cable…

Mitsotakis: Remaining capital controls abolished as of Sept. 1

Greek Prime Minister Kyriakos Mitsotakis announced from Parliament early on Monday afternoon that whatever remaining capital controls in the country will be abolished. He referred to cooperation with the Bank…

Sunday, 25 Αυγούστου 2019

Hard Rock Int’l unveils ambitious casino resort project for Helleniko site; tender deadline next month

Hard Rock International last week promised to sink up to one billion euros into an integrated casino resort (IRC) at the Helleniko site if it wins an international tender for…

Wildfires on Samos, Kythira mostly under control

Two wildfires on the islands of Kythira and Samos, respectively, were mostly under control by Sunday morning, according to authorities. Major fire-fighting forces were active in both islands, while local…

Rescue effort underway off Karpathos island for 2 missing cave divers

Two divers exploring an underwater cave off the southern Dodecanese island of Karpathos remained missing on Sunday morning, with a Greek navy diving unit ordered to the site in hopes…

Unaccompanied teen migrant accused of fatally stabbing compatriot at Lesvos ‘hotspot’

A minor from Afghanistan, reported as being roughly 15-years-old, was arrested at a “hotspot” on the eastern Aegean island of Lesvos (Mytilene) overnight after he allegedly fatally stabbed a compatriot,…

Friday, 23 Αυγούστου 2019

Ministry requests resignation of grid operator’s board members in wake of helicopter crash

The new government on Friday afternoon requested the resignations of the members of Hellenic Electricity Distribution Network Operator (DEDDHE), in the wake of a helicopter crash on Tuesday that cost…

Greek shipping fleet’s transport capacity more than doubles since 2008; global first place retained

By L. Karageorgos [email protected] The transport capacity of the Greek-controlled fleet multiplied over the 2007-2018 period, according to the Union of Greek Shipowners, which noted that the fleet increased from…

Reports: France to briefly return Parthenon metope to Greece on occasion of 2021 events

France will reportedly loan a frieze from the Parthenon, displayed today at the Louvre, to Greece on the occasion of events and commemorations in 2021, the 200th anniversary of the…

First 2 favorable loan adjustments reported by new e-platform aimed to reduce ‘bad debt’ in Greece

The first two favorable mortgage loan adjustments via a newly established state e-platform were reported on Friday, according to a press release by the finance ministry. The platform, operated by…

First corporate/business tax cut ‘fixed’, according to Greek PM Mitsotakis

Βy G. Kouros [email protected] Another highlight from Greek PM Kyriakos Mitsotakis’ wide-ranging interview to “Le Figaro” this week was an announcement that the first reduction in the corporate tax rate,…

Covering arrears by ‘strategic defaulters’ the troubled utility’s main priority

Loss-making Public Power Corp.’s (PPC) new management on Friday listed the covering of arrears by so-called “strategic defaulters” as the utility’s biggest priority. As such, Greece’s dominant power supplier has…

Govt satisfied over Macron-Mitsotakis meeting in Paris; nothing official regarding fiscal targets

By G. Kampourakis [email protected] Government sources in Athens on Thursday afternoon referred to “very guarded” French consideration over any future request by the Mitsotakis government – towards European creditors –…

Bank of China to open branch in Greece

Bank of China, one of the world’s biggest credit institutions in the world, will open a branch office in Greece by the end of the year, considered as a positive…

Thursday, 22 Αυγούστου 2019

Cosco expected to re-submit draft Piraeus Port Authority master plan this week

A slightly revised, according to press reports, 800-million-euro master plan by the Cosco-managed Piraeus Port Authority will be submitted to a relevant shipping ministry committee on Friday, by all accounts.…

Macron support to Athens; Mitsotakis received by French leader in Paris

French President Emmanuel Macron appeared “well-read” and highly supportive of a handful of issues considered as top priorities by Athens, speaking on Thursday in front of the Elysee Palace and…