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Monday, 22 July 2019

New Greek FM: Athens will not tolerate provocative actions, threats of war or unilateral demands

The newly appointed Greek foreign minister Nikos Dendias, in presenting the center-right Mitsotakis government’s policy statements in foreign relations in Parliament on Monday, said the primary goal of the latter…

MoU by primary shareholders, creditor banks to rescue Creta Farms

The primary shareholders, two brothers, and creditor banks of well-known luncheon meats producer Creta Farms on Monday announced the signing of a MoU to implement a rescue plan for the…

Member of self-styled anarchist cooperative threatens dozens of ‘interventions’ at tourist sites if police clampdown occurs

A self-described member of Greece’s most notorious “anarchist cooperative”, known as “Rouvikonas“, on Monday promised “dozens of interventions” at high-profile tourist sites in the Athens, a reaction to the new…

Slight increase in number of Turkish arrivals through 2 Evros border posts in H1 2019

Arrivals of Turkish nationals through the two overland border posts (Kipi, Kastanies) connecting the two countries in Evros prefecture increased by 0.76 percent in the first half of 2019, compared…

Increase in Greek ATM charges for inter-bank withdrawals

Inter-bank withdrawals of cash from ATMs became much more expensive in Greece as of Monday, with bank officials in the country pointing to an additional incentive to use debit cards.…

Saturday, 20 July 2019

Mitsotakis unveils reform-heavy, pro-market policy statements in Parliament address (Full)

New Greek Prime Minister Kyriakos Mitsotakis referred to practically every reform promised by him and his conservative New Democracy (ND) party over the past four years – and then some…

Friday, 19 July 2019

Athens municipality: Most quake-damaged buildings are abandoned structures

The city of Athens, the biggest municipality in the greater Athens agglomeration, on Friday announced that 15 buildings in its boundaries were significantly damaged from the 5.1 on the Richter…

Exquisite ancient statuettes of Apollo, Artemis unveiled for first time in Chania next week

A pair of small statuettes, depicting mythical Apollo and his twin sister, Artemis, will be presented on Wednesday at the archaeological museum in the west Cretan city of Chania (Hania),…

Merkel: No ‘discounts’ over debt because new Mitsotakis gov’t has assumed power

German Chancellor Angela Merkel on Friday was quick to dissuade any notion of a “honeymoon” with the new Mitsotakis government in Athens, saying there can be no “discounts” in terms…

Greek PM receives national nominee for EU Commission, Margaritis Schinas

Greek Prime Minister Kyriakos Mitsotakis on Friday received the country’s nominee as its next European Commissioner, Margaritis Schinas, the up-until-now chief spokesperson for the EU Commission president. In his brief…

Development-Investments minister meets with US amb.

New Development & Investments Minister Adonis Georgiadis met with US ambassador to Greece Geoffrey Pyatt in Athens on Friday, with the former later taking to his personal Twitter account to…

Traffic jams the biggest problem from Fri. quake in greater Athens area

Major traffic jams on Friday in the greater Athens area were the first result of a moderate, but strongly-felt, earthquake that struck the region just after 2 p.m. local time.…

Quake that shook Athens early Fri. afternoon measures 5.1R; epicenter at 23 km NW of Greek capital

A moderate earthquake measuring 5.1 on the Richter scale was recorded at 14.13 (12.13 GMT) in the greater Athens area, with the tremor felt particularly in the Greek capital. The…

Strong quake felt in Athens area; initial report points to 5.2R, epicenter near summit overlooking capital

A strong earthquake shook the greater Athens area at roughly 2:10 p.m. (12.10 GMT) for approximately 10 seconds. An initial report pointed to a quake measuring 5.2 to 5.3 on…

Greek debt rises in Q1 2019 – at 181.9% of GDP, highest in EU

The Greek state’s debt reached 181.9 percent of GDP – 337.4 billion euros – in the first quarter of 2019, according to figures released on Friday by Eurostat. The figure…

Canadian billionaire investor Watsa meets with Greek PM; presented with reform, investment prospects

The new Mitsotakis government in Athens on Friday continued to burnish its investor-friendly credentials, with Indo-Canadian billionaire investor Prem Watsa arriving on foot for a high-profile meeting at the Maximos…

New chief of Greek Police announced

The Greek government’s council for foreign affairs and defence (KYSEA) on Friday announced that police Lt. Gen. Michail Karamalakis will assume the post of Greek Police (EL.AS) chief, following a…

Thursday, 18 July 2019

Traditional Qatari wooden vessel to dock in Thessaloniki next week

A 40-meter wooden boat, constructed as a characteristic example of Qatari maritime tradition, is set to arrive in the northern Greece metropolis of Thessaloniki next Wednesday, where it will remain…

Greece posts lowest inflation rate in EU28 for June 2019

The inflation rate in Greece posted the lowest hike among other Eurozone member-states, according to Eurostat figures released this week. Specifically, the inflation rate in Greece dropped to a meager…

Yield for Greek 10-year bond eases further to 2.12%

By E. Triiri [email protected] Yields for Greece’s 10-year bond continued to ease this week, following a general trend for Eurozone debt. The yield for the specific product fell by 10…

Financial crimes unit (SDOE) to merge with new FinMin gen. secretariat; move sharply criticized by opposition

The duties and jurisdiction of the economic crimes unit, known as SDOE in the country, will be transferred to a newly established general secretariat for tax policy and public assets,…

New ministry leadership signals ‘green light’ for Cosco investments at port of Piraeus; including hotels, mall

The Cosco-managed Piraeus Port Authority (PPA), the largest and busiest port facility in Greece and one of the most prominent in the eastern Mediterranean, is expected to re-file its master…

Margaritis Schinas the choice of Mitsotakis govt as Greece’s candidate for Commission post

The up-until-now spokesman for the EU Commission, Margaritis Schinas, will be proposed by Greek Prime Minister Kyriakos Mitsotakis as the country’s candidate for a Commissioner’s portfolio. Mitsotakis is expected to…

Primary defendant in Golden Dawn trial finally takes the stand 6 years after murder of rapper Fyssas

The suspect charged with homicide in the stabbing death of rapper 34-year-old Pavlos Fyssas in September 2013 finally took the stand in a delayed-fraught trial on Thursday, a closely watched…

New parliament president assumes post after MPs vote

New Parliament president Konstantinos Tassoulas was elected with a record number of votes, 283 out of 300, on Thursday. He is a veteran New Democracy (ND) party lawmaker elected from…

Wednesday, 17 July 2019

PPC VP denies utility teetering; new minister meets with union reps, points to share’s collapse since 2015

The vice-president of debt-laden Public Power Corp. (PPC) on Wednesday allayed widespread speculation in the country over the ATHEX-listed electricity utility’s future, saying it is “not on the verge of…

New Development-Investments Minister Georgiadis meets with Israeli Amb. Ben-Abba

New Development and Investments Minister Adonis Georgiadis met on Wednesday with Israel’s ambassador to Greece, Irit Ben-Abba Vitale, with talks expectedly revolving around joint investment prospects and partnerships, with the…

US Amb. Pyatt: Greece a pillar of stability in a difficult region

US ambassador to Greece, Geoffrey Pyatt, on Wednesday pointed to the best era at present for Greek-US relations, saying the east Mediterranean country has been transformed from a source of…

High court upholds 2012 abolition of so-called 13th, 14th salaries for public sector employees

The Council of State (CoS), Greece’s highest administrative court, this week upheld the abolition of the so-called “13th” and “14th” salaries for public servants and employees of state-controlled entities in…

Mitsotakis-Karamanlis meeting on Wed.

Greek Prime Minister Kyriakos Mitsotakis met with former ND prime minister Costas Karamanlis on Wednesday at the former’s office in Parliament. According to media reports based only on leaks from…