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Friday, 02 Αυγούστου 2019

High court prosecutor’s office to review controversial ruling that released ex-police officer convicted in teen’s slaying

A controversial ruling by a mixed jurist-juror appellate court in the south-central Greek city of Lamia this past week, which essentially allowed the early release of an ex-police guard responsible…

Reuters: BoG to recommend lifting of last cap controls in Greece by Sept. or Oct. 2019

The Bank of Greece (BoG), as widely expected, will recommend the full lifting of whatever capital controls are still imposed in the country, as of September or October 2019, according…

Govt denies press report of tele-conference between Greek FinMin, European creditors’ reps

The finance ministry on Friday denied a same-day press report, circulated in Athens, claiming a tele-conference between Greek Finance Minister Christos Staikouras with representatives of the country’s European creditors. Ministry…

Cosco expected to re-submit 612-mln€ Piraeus Port Authority master plan, following contacts with new gov’t

By A. Tsimplakis [email protected] Greece’s new shipping and island policy ministry leadership is now expecting the timely re-submission of a 612-million-euro master plan by the Cosco-managed Piraeus Port Authority (PPA),…

Thursday, 01 Αυγούστου 2019

Minister: No new deadline extension for Helleniko casino concession; Mohegan, Hard Rock Int’l in the running

The relevant development and investments minister on Thursday again engaged in an “ad hoc” initiative to jump-start the delay-plagued Helleniko privatization, this time meeting with two investment schemes interested in…

NBG announces sale of 1.2-bln€ NPL portfolio to CarVal

National Bank of Greece on Thursday announced the sale of another portfolio of unsecured NPLs, this time to CarVal, valued at 1.2 billion euros. In a press release, NBG stated…

Five countries account for nearly half of Greece’s tourism sector turnover

Germany, the United Kingdom, the United States, France and Italy are Greece’s main markets for tourism revenues, with the five – and to a lesser extent, Russia – accounting for…

Seismic activity continues in greater Athens area; 3.5R quake on Thurs. afternoon

A weak earthquake, identified as an aftershock from last week’s seismic activity, was reported in the greater Athens area just after 4:30 p.m. local time (16.30 GMT). The quake was…

Gerekou appointed as president of National Tourism Organization

Former tourism minister Angela Gerekou, a one-time deputy with the PASOK party and later a Parliament deputy candidate with New Democracy (ND), has been appointed as the president of the…

3 pool drowning deaths of French teen sisters, Israeli child shock summer-time Greece

Three pool drownings in two hotels around Greece have shocked public opinion amid the height of the peak summer season, with two French teenage sisters and an eight-year-old Israeli girl…

Wednesday, 31 July 2019

Scattered rioting in central Athens a day after teen’s killer freed from prison via early release

Groups  of mostly masked protestors threw firebombs at nearby riot police near central Athens’ Exarchia on Wednesday evening, a day after a one-time special police guard was set free after…

Mitsotakis: Giving Greek citizens living abroad the right to vote from their place of residence a priority

Greek Prime Minister Kyriakos Mitsotakis on Wednesday evening said a legislative initiative to grant voting rights to Greek citizens living abroad will be separated from a draft law revising the…

Titan Group announces H1 2019 results

TITAN Group on Wednesday disclosed first half 2019 results, showing growth in sales revenue in all regions of operation, with the exception of  the eastern Mediterranean. Consolidated turnover for the Group reached €785.4m, recording a 10.2-percent increase compared to the same period of 2018. Titan said this is …

Hellenic Financial Stability Fund: Best-practice proposals accepted by NBG’s board

The Hellenic Financial Stability Fund (HFSF) on Wednesday announced that a series of proposals it made to the board of directors of the National Bank of Greece (NBG) have been…

Majority of MPs vote to lift Parliamentary immunity for controversial ex-minister Polakis

A majority of Parliament deputies on Wednesday voted to lift the immunity of SYRIZA MP Pavlos Polakis, among the most controversial and outspoken ministers in the previous Tsipras government Cabinet,…

Gianna Angelopoulos-Daskalaki chosen to head com’t for commemoration of 200th anniversary of Greek Independence in 2021

Gianna Angelopoulos-Daskalaki has been chosen by the new Greek government to head up a blue-ribbon committee that will organize events for the 200th anniversary of the Greek Revolution, which is…

Acropolis elevator repaired; used to carry people with mobility problems

A sole external elevator used to transport people with mobility problems up and down the Acropolis – Greece’s pre-eminent archaeological site and attraction – was returned to operation on Wednesday,…

Mainland-Crete power connection now the priority, just ahead of Israel-Cyprus-Greece grid interconnector

Greek environment and energy ministry officials, speaking on Cyprus this week, emphasized that the new Mitsotakis government in Athens considers the power grid connection between Israel, Cyprus and Greece as…

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…