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Thursday, 25 July 2019

New deadline extension for Helleniko gaming concession, now Sept. 30; govt promises swift action

By T. Igoumenidi [email protected]  A deadline for the submission of bids in an international tender to award a gaming concession – along with a license for an integrated resort casino…

Joint effort to promote Greek spirits abroad

Joint actions and events to promote Greece’s distilled spirits in overseas markets are on the horizon, organized by the Enterprise Greece agency and the Greek Federation of Spirit Producers (SEAOP).…

Aristotle Univ. announces agreemente for observatory for modern Greek language at Univ. of Delaware

A bilateral higher education agreement involving a public university in Greece – coming in the wake of the new Mitsotakis government’s assumption of power this month – came on Thursday,…

High-voltage power supply deal between PPC and cement producer Aget Heracles

Public Power Corp. (PPC) announced a much-needed piece of “good news” on Thursday, citing an agreement with cement maker Aget Heracles, a member of the LafargeHolcim Group, for the supply…

Moody’s: Greek credit profile could improve with continued reforms, stronger econ growth

Moody’s Investors Service on Thursday reminded that Greece’s credit profile remains constrained by an elevated debt burden, while also pointing to only “moderate” growth prospects and a weak banking system.…

Greek, Israeli energy ministers discuss East Med pipeline proposal; models for reforming electricity utilities

Greek Environment & Energy Minister Kostis Hatzidakis met with his Israeli counterpart, Yuval Steinitz, on Wednesday evening in Cairo, with the proposed East Med gas pipeline dominating talks, along with…

Moody’s: Greek credit profile could improve with continued reforms, stronger econ growth

Moody’s Investors Service on Thursday reminded that Greece’s credit profile remains constrained by an elevated debt burden, while also pointing to only “moderate” growth prospects and a weak banking system.…

Secluded NW Greece beach another hidden Ionian ‘gem’

One of the secluded beach “gems” along the Ionian Sea coast along western Greece is located near the village of Valanidorachi, in the municipality of iconic Parga. The beach, known…

Helleniko investment to dominate meeting between Greek PM, investor Spiros Latsis

Greek Prime Minister Kyriakos Mitsotakis will meet with Greek tycoon Spiros Latsis at noon on Thursday at the Maximos Mansion government house, with the meeting widely expected to focus on…

Report: FF bondholders want greater collateral from primary shareholders

S. Emmanuil [email protected] A group of Folli Follie bondholders is reportedly demanding collateral from the troubled retailer and accessory maker, with independent assessors to confirm and evaluate the guarantees, with…

Wednesday, 24 July 2019

Greek migration policy minister on Turkish FM’s comment on migrant re-admission protocol with EU

New Greek Alternate Minister Giorgos Koumoutsakos, who holds the sensitive migration policy portfolio within the public order ministry, on Wednesday said Athens continues to emphasis the need for a full…

Parliament com’t majority recommends lifting of ex-minister Polakis’ immunity

A majority of members of Parliament’s code of ethics committee on Wednesday recommended the lifting of Parliamentary immunity for former alternate health minister Pavlos Polakis, with the plenum to take…

Yield for Greek 10-year bond posts another historic low

By G. Pagalias [email protected] The yields for Greek state bonds, including the benchmark 10-year bond, continue to post historic lows, with the latter on Wednesday falling beneath the 2-percent mark.…

Central bank: New hike in Greek bank deposits in June 2019

Deposits in Greek banks continued to rise in June 2019, according to figures announced this week by the Bank of Greece (BoG), and specifically by 1.766 billion euros, for private…

Mass securitization of Greek banks’ NPLs now on the horizon

By E. Sakellari [email protected]   Banks across Europe, especially in Greece, will be busy in the coming period with efforts to further securitize NPLs, according to bank executives, speaking ahead…

Iconic Arsakeio Arcade to be transformed into multiplex food court featuring traditional Grecian cuisine, ‘cultural’ mall

A major property lease agreement was signed on Tuesday to transform the now mostly empty Arsakeio arcade, strategically located between Panepistimiou and Stadiou avenues in the heart of central Athens,…

Commission to abolish mission chief for Greece position, in wake of end of bailout era

Outgoing EU Commissioner for Economic and Financial Affairs Pierre Moscovici has announced the abolition of the Commission’s mission chief for Greece, referring to another indication that the country is returning…

Tuesday, 23 July 2019

Athens calls for release of British-flagged tanker seized by Iranian forces

The Greek foreign ministry on Tuesday evening issued a statement calling for the release of the British-flagged oil tanker Stena Impero, which was seized by Iranian forces on Friday as…

Onex Elefsis Shipyards cites agreement to purchase, finance Elefsina Shipyards

Onex Elefsis Shipyards LLC, in cooperation US-based Chatsworth Securities, with  this week announced that it will allocate up to 400 million USD, over a 15-year period, to purchase and finance the…

EBRD boosts trade finance in Greece

The European Bank for Reconstruction and Development (EBRD) on Tutesday announced that  Greece will benefit from the first 10 million-euro factoring facility in the country, with funding to Piraeus Factoring…

Wildfire erupts on Tues. afternoon near blaze-devastated Mati settlement

A wildfire erupted in the Rafina municipality on Tuesday afternoon, only a couple of kilometers south from where Greece’s deadliest wildfire claimed 102 lives exactly a year ago to the…

Govt spox: No to lower annual tax-free income threshold; welfare spending bonuses will remain

The new Mitsotakis government’s spokesman, during his inaugural press briefing on Tuesday, said the center-right government will not lower the tax-free annual income threshold or cut any welfare benefit inherited…

Moody’s: Risk of no-deal Brexit has increased

The probability of the United Kingdom (UK, Aa2 stable) leaving the European Union (EU) without any agreement on their future relationship has increased following the election of Boris Johnson as…

Listing of Titan group, through Titan cement international, on Euronext Brussels, ATHEX, Euronext Paris

Shares of Titan Cement International SA, the new parent company of Titan cement group, began trading, simultaneously, on Tuesday on the Euronext Brussels, the Athens Exchange and Euronext Paris. Trading…

Kastropolitia fortress on Skyros reopens

The Kastropolitia archaeological site, essentially the fortress rising above the main town (Chora) on the central Aegean island of Skyros, opened to the public this week after 18 years, when…

Govt announces more relief measures for Mati wildfire survivors; PM attends memorial service on 1-year anniversary

Greek Prime Minister Kyriakos Mitsotakis attended a one-year memorial service on Tuesday at the wildfire-ravaged Mati settlement in eastern Attica prefecture – due east of Athens proper – where up…

Monday, 22 July 2019

US envoy Pyatt on Orthodoxy, Ecumenical Patriarchate

US ambassador to Greece Geoffrey Pyatt referred to US diplomacy vis-à-vis Orthodoxy and Orthodox Churches, while touching on the significance that Greek Orthodoxy holds for the nation of 11 million,…

Self-styled anarchist arrested hours after threatening ‘interventions’ at Athens tourist sites

A self-styled anarchist who on Monday threatened that a notorious “anarchist cooperative” he belongs to will engage in “interventions” at numerous tourist sites in Athens if Greek police engages in…

New FinMin unveils policy statements; says Q1 GDP growth at 1.9%

New Greek Finance Minister Christos Staikouras, who was handed one of the more closely scrutinized portfolios in the Mitsotakis government, on Monday estimated that real GDP growth in the country…

First vote of confidence given to new Mitsotakis govt

The new Mitsotakis government on Monday evening received a vote of confidence by 158 deputies in the 300-MP Parliament, as widely expected, with 142 deputies voting against. All 158 elected…