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Monday, 12 Αυγούστου 2019

NBG study: 4th consecutive six-month increase in SMEs confidence index

A confidence index for SMEs in Greece, tracked by National Bank of Greece’s economic analysis unit, showed a positive trend for the first half of 2019, rising to 18 points,…

Parga-area Valtos Beach one of the most popular mainland destinations on the Ionian Sea

Of the best known beaches in northwest Greece, on the Ionian Sea, is picturesque Valtos, an annual “magnet”  for local residents and tourists from all corners of the world, given…

Wildfire on eastern slope of Mt. Hymettus, near greater Athens

A wildfire that erupted overnight on the eastern slopes of Mt. Hymettus, facing the Peania township, was mostly extinguished by the late morning of Monday. Night-time television footage showed flames…

Light quake between Crete, Santorini

Α light earthquake was recorded in the sea region between the large island of Crete and Santorini at 10:57 a.m. (08.57 GMT). The quake’s depth was calculated at 55 kilometers,…

Sunday, 11 Αυγούστου 2019

Govt to mandate e-voting process to ensure transparency in labor union decision-making for declaring industrial actions

The next reform in the labor law sector that the Mitsotakis government will promote reportedly institutes an online voting process – of eligible union members – for whatever industrial actions,…

Wildfire on eponymous islet of Elafonissos

Firefighters on Sunday continued to battle a resurgent wildfire on the small but eponymos islet of Elafonissos, just off the extreme southeast Peloponnese. The wildfire had almost reached the Panaghia…

Light quake SE of Crete on Sun. morning

Α 4.5 on the Richter scale earthquake was recorded at roughly 10 a.m. (08.00 GMT) south of the large island of Crete. According to a geodynamic research institute in Athens,…

Friday, 09 Αυγούστου 2019

Athens’ proposal for early pay-off of certain IMF loans again ‘on the table’

The Mitsotakis government will reportedly re-submit a proposal to repay certain loans owed to the IMF – considered the most “expensive” portion of borrowing – before their maturity expires, a…

French FinMin Le Maire meets with Greek leadership in Athens; Mitsotakis to visit Paris

Greek Prime Minister Kyriakos Mitsotakis on Friday met with visiting French Finance Minister Bruno Le Maire, ahead of the former official visit to Paris. According to reports, given that no…

Well-known artist Takis passes away at age 94

Well-known Greek artist Takis, born Panayiotis Vassilakis, has passed away at the age of 94. His death was announced by the Takis Foundation on Friday morning. Takis best-known works include…

Govt passes abolition of ‘written justification’ clause by employers for firings, lay-offs

By S. Papapetros [email protected] One of three “last-minute” riders attached to draft legislation eventually approved by a majority of ruling ND deputies on Thursday abolished labor law provisions mandating that…

Thursday, 08 Αυγούστου 2019

Greek Parliament Budget Office cites improvement in liquidity for Greece’s 4 systemic banks

Parliament's Budget Office on Thursday referred to an improvement in liquidity for Greece's four systemic banks, as far as their capital sufficiency is concerned, both the Common Equity Tier 1…

Athens points to continuing drop in borrowing cost in argument to ease annual fiscal targets

By T. Tsiros  [email protected] Greece’s finance minister, Christos Staikouras, had officially broached the new Mitsotakis government’s standing desire to reduce creditor-mandated annual primary budget surplus targets, as a percentage of…

Significant archaeological find on Tinos; numerous marble grave markers (steles)

A large number of grave markers (marble steles), dated to the Classical era, and some with intricate engravings still very visible, were discovered during excavations by University of Athens archaeologists…

Law scrapping uni asylum, return of certain executive powers to mayors passed by Greek Parliament

A majority of Parliament deputies – all from the ruling New Democracy (ND) party – on Thursday afternoon approved three very high-profile and urgently tabled draft laws that essentially fulfill…

Govt tables draft law to cap maximum total monthly pension benefits at 4,608€; opposition furious

The government submitted a last-minute draft amendment on Thursday – the last day of the current legislative session – to institute a new maximum monthly ceiling for social insurance benefits…

Wednesday, 07 Αυγούστου 2019

Greek PM tours exhibition of works by late photo-journalist Behrakis

Greek Prime Minister Kyriakos Mitsotakis and his wife, Mareva, on Tuesday evening toured a photographic exhibition featuring 70 of the most characteristic images taken by late Reuters photojournalist Yannis Behrakis.…

New Hel.Pe board announced; ex-FinMin Papathanasiou returns as president, CFO takes over CEO post

The new board of directors of Hellenic Petroleum (Hel.Pe), Greece’s biggest and partially state-run petro-chemical concern, was announced on Wednesday, with former finance minister Yannis Papathanasiou returning as the non-executive…

Arrears towards Greece’s social security funds drop by 248.35 mln€ in Q2 2019

By S. Papapetros [email protected] Arrears towards Greece’s social security funds were reduced by 248.35 million euros in the second quarter of 2019, compared to the preceding quarter – Jan-Mar 2019.…

Tom Hanks’ ‘perfect car’ during Grecian vacation

Academy Award-winning Hollywood actor Tom Hanks described his “dream car” on Wednesday in a post on his personal Facebook page, accompanied by him next to a warn-out and older model…

Body of missing UK woman, 35, located in gorge on Ikaria island

The body of a missing 35-year-old British woman, missing since Monday, was located at the bottom of a remote 20-meter gorge on the eastern Aegean island of Ikaria on Wednesday…

Parliament majority rejects opposition bid to declare draft bill amendments unconstitutional

A majority of Parliament deputies on Wednesday rejected a motion by main opposition SYRIZA party to declare certain amendments in an omnibus draft bill unconstitutional, namely, provisions dealing with the…

Unique Hellenistic tomb discovered in northern Greece

A unique, for the northern Greece region, ancient tomb and artifacts were recently uncovered at the Mavropigi site in Kozani prefecture, a find that came to light during excavation works…

Urgent measures to reduce flight delays at airports around Greece, amid peak season

By F. Zois [email protected] Greece’s transport ministry this week issued urgent measures to reduce increasingly long delays for flights at various airports around the country, especially at well-known tourism destinations,…

Tuesday, 06 Αυγούστου 2019

Shipping minister receives Chinese envoy; confidence that extra Cosco investments will begin immediately in Piraeus

New Shipping Minister Yannis Plakiotakis on Tuesday afternoon received Chinese Ambassador to Greece Zhang Qiyue, with the latter underlining the importance that Beijing ascribes to the implementation of Cosco’s master…

UGS: Greek-controlled shipping accounts for 53% of EU total; 21% of global fleet

Greek-controlled ocean-going shipping accounts for 53 percent of the European Union total, and 21 percent of the global fleet, figures in the annual report by the Union of Greek Shipowners…

Once explosive Novartis kickbacks probe against 10 politicians continues to fizzle out

The latest case file involving one of 10 top Greek politicians who are the subject of the ongoing but sputtering Novartis kickbacks investigation – based on the sealed testimony of…

Sector reactions against PPA intent to create register of ship-repair businesses allowed in port

By A. Tsimplakis [email protected] The Hellenic ShortSea Shipowners’ Association (EENMA) this week expressed its complete opposition to what it called practices and procedures that will curb or weaken a shipowner…

Govt leaves open possibility of controlling share tenders for 10 regional port authorities

By A. Tsimplakis [email protected] The new shipping minister this week left open the possibility to alter the model for commercially exploiting 10 regional ports in the privatization agency’s (HRADF) portfolio…

Copelouzos group acquires 10%-stake of consortium with controlling share of Greece’s natgas system operator

The Athens-based Copelouzos group on Tuesday announced the purchase of a 10-percent stake in the Senfluga Energy Infrastracture. The latter has acquired a 66-percent stake of Greece’s natural gas transmission…