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Wednesday, 31 July 2019

New arrears to Greek state in June 2019 reach 473 mln€; 3.609 bln€ on yearly basis

The rate of increase of arrears to the state increased in June 2019, with the Independent Public Assets Authority on Tuesday saying new arrears towards tax and other revenue-collecting entities…

Moderate quake, 5.2R, shakes all of Crete

A moderate earthquake measuring 5.2 on the Richter scale was recorded at 7:39 a.m. (05.39 GMT) south-southeast of the city of Iraklio (Heraklion), a tremor that was felt throughout the…

Tuesday, 30 July 2019

Study: Greek citizen works, on average, 180 days a year just to pay off taxes, social security contributions

Active taxpayers in Greece need, on average, 180 days every year – nearly half the calendar – to earn the money necessary to pay off their obligations to the bloated…

Economic Sentiment Index (ESI) rises in Greece in July 2019; eases in EZ

The European Commission’s Εconomic Sentiment Indicator (ESI) on Tuesday displayed an improvement in the index, as far as Greece is concerned, for July 2019 – coinciding with a general election…

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The European Commission’s Εconomic Sentiment Indicator (ESI) on Tuesday displayed an improvement in the index, as far as Greece is concerned, for July 2019 – coinciding with a general election…

Govt on Tues. adds rider to draft tax bill to accelerate Helleniko privatization

A rider was attached on Tuesday to a draft tax bill that is up for a vote by Parliament’s plenum later in the evening, with the amendment clarifying construction terms…

Reports: Lamda Development seeks to resolve legal issues affecting The Mall Athens before Helleniko commences

By T. Igoumenidi [email protected] Beyond stepped up efforts by the newly appointed leadership of the environment ministry to jumpstart the delay-plagued Helleniko investment in southeast coastal Athens, ministry services are…

Cesme-Lavrio ferry boat route the first linking Turkey with mainland Greece

Commencement of a new Cesme-Lavrio ferry boat route as of July 2019 has transformed the once low traffic port in extreme southeast Attica prefecture – southeast of Athens proper –…

Govt, previous SYRIZA ministers trade barbs over handful of new monthly pensions exceeding 8K euros; recalculation announced

The labor and social insurance ministry promised to recalculate all “high-end” pension rates, with the relevant minister referring to a “restart”, in the wake of the revelation that some beneficiaries…

Monday, 29 July 2019

New govt promises to cut ‘red tape’ to allow viable seaplane routes in island-laden Greece

By F. Zois [email protected] The latest effort to finally commence seaplane routes to various Greek isles and coastal destinations without airports will, according to reports, emanates from the new infrastructure…

ENEL top executive Stassis selected as new PPC CEO, president

Georgios Stassis, the CEO & country manager of Enel Romania, has been chosen as the new president and CEO of Public Power Corp. (PPC), Greece’s state-run and dominant electricity utility.…

New Hellenic-Indian Business Council established

Some 40 representatives of companies engaged in bilateral commercial transactions and trade between Greece and India, on Monday announced the creation of the Hellenic-Indian Business Council (HIBC), a NGO that…

Ex-police guard handed 13-year sentence in Grigoropoulos shooting; concerns over early parole prospect

An ex-special police guard had his intentional homicide jail term reduced to a mere 13 years on Monday, immediately after the same mixed jurist-juror appellate court in the central city…

Appellate court upholds conviction against ex-special police guard who fatally shot Athens teen in 2008

A mixed jurist-juror appellate court in the central city of Lamia on Monday unanimously upheld an intentional homicide conviction against a former police special guard who shot and killed a…

Media reports: 24-hour deadline extension for filing income tax returns in Greece

Media reports in Athens on Monday referred to a 24-hour extension of a deadline to electronically file tax returns for incomes generated in 2018. The deadline was the last minute…

NYSE-listed Costamare reports increased H1 2019 profits

By A. Tsimplakis [email protected] Greek shipping giant Costamare is reportedly eyeing new investments in the coming period, following a significant boost in profitability in H1 2019. The Constantakopoulos family-controlled and…

Ministry OK to construction, operation of LNG bunkering unit at port of Patras

The relevant energy ministry in Greece has provided its “green light” to a LNG bunkering unit in south Patras port, a projected included in the Poseidon Med II program. The…

Newly elected Greek gov’t rushes to pass legislation, reforms in mid-summer session

Urgent legislation is expected to be submitted to a still open Greek Parliament on Monday, with the new center-right Mitsotakis government aiming to pass tax breaks and reforms in the…

First official visit abroad by new PM Mitsotakis to Cyprus

Greek Prime Minister Kyriakos Mitsotakis was received at the presidential mansion in Nicosia on Monday by the island republic’s president, Nicos Anastasiades, as the newly elected premier chose Cyprus for…

Political furor over minister’s charges that previous leftist gov’t allowed pension rates of up to 24K euros

By S. Papapetros [email protected] New Labor and Social Affairs Minister Yannis Vroutsis generated a significant portion of the recent summer weekend’s headlines by charging that the previous SYRIZA government was…

Sunday, 28 July 2019

Weak quake nevertheless felt throughout greater Athens on Sun. afternoon

A 4.1 on the Richter scale earthquake was felt in the greater Athens area on Sunday afternoon. The quake was recorded at 19.09 local time (17.09 GMT), with the epicenter…

Friday, 26 July 2019

New Greek tourism minister meets with Thomas Cook CEO

New  Greek Tourism Minister Haris Theoharis met with Thomas Cook CEO Peter Fankhauser this week in Athens, in one of his first high-level contacts with an international tourism sector executive.…

Costa-Gavras’ film adaptation of Yanis Varoufakis’ ‘Adults in the Room’ to debut in Cannes

Costa-Gavras’ film “Adults in the Room”, based on the same-name best-seller by controversial former Greek finance minister Yanis Varoufakis, will debut at this year’s Cannes film festival. The award-winning Greek-French…

Balou Lagoon on Ryanair’s ‘Top 10’ European beaches

Ryanair’s “top 10” most picturesque beaches in Europe includes a Greek entry, and specifically the Balou Lagoon in the northwest corner of Crete, at Cape Gramvousa (Hania prefecture).…

PPC measures to seize assets of high-profile ‘strategic defaulter’; major effort to cover arrears

The Public Power Corp. (PPC), Greece’s dominant but loss-making electricity utility, on Friday announced measures to seize assets of consumer with major arrears to the company, adding that the latter…

PPC measures to seize assets of high-profile ‘strategic defaulter’; major effort to cover arrears

The Public Power Corp. (PPC), Greece’s dominant but loss-making electricity utility, on Friday announced measures to seize assets of consumer with major arrears to the company, adding that the latter…

Fourth post-bailout enhanced surveillance report for Greece – first for Mitsotakis govt – in Oct. 2019

By E. Sakellari esak@ naftemporiki.gr The fourth post-bailout enhanced surveillance report for Greece will be bumped back for October, if not later, the EU Commission announced on Friday. According to…

Attica Group announces successful 175-mln-euro bond issue

By A. Tsimplakis [email protected] Piraeus-based Attica Group, the largest ferry owner and operator in Greece, on Thursday announced the oversubscription of a collateral-linked bond issue of 175 million euros that…

Group of Iraqi Kurds detained outside Thessaloniki police station, part of demand to commence asylum process

Thirty-five foreign nationals, who told authorities they are ethnic Kurds from northern Iraq, were transferred to migrant shelter on Thursday evening, after they had gathered the same day outside a…

Commission begins legal process against Greece over 2 lignite-fired PPC units

By N. Bellos [email protected] The European Commission has designated two of Public Power Corp.’s (PPC) lignite-fired power units, at Amynteo and Kardia, as unsuitable due to high emissions, with the…