English

Monday, 08 July 2019

Trading of OPAP shares suspended until prospect of public offering resolved

The Athens Stock Exchange (ATHEX) on Monday suspended trading of OPAP’s shares, following a request by the Athens-based gaming and lottery operator. According to reports, the development is linked with…

KINAL party expels two top cadres chosen by Mitsotakis for Cabinet posts; Chrysohoidis returns to public order ministry

Two of the surprise choices by new Prime Minister Kyriakos Mitsotakis for a same-number of Cabinet posts, Michalis Chrysohoidis and Lina Mendoni, at the public order and culture ministries, respectively,…

Final Greek elex tally shows 8.32%-point difference between ND, SYRIZA; 158-MP majority govt

The final difference between first-place New Democracy (ND) and runner-up SYRIZA stands at 8.32 percentage points, the result of Sunday’s general election in Greece. Specifically, center-right ND fell just short…

New Mitsotakis govt announced; 51-member Cabinet to be sworn-in on Tues.

The new Mitsotakis government will feature one of the biggest Cabinets in recent memory, with numerous alternate and deputy ministers – totalling 51 – allocated to more than a dozen…

Moscovici: Only Eurogroup decision can alter Greek fiscal goals

Outgoing European Union Commissioner Pierre Moscovici on Monday expressed a view that Greece has made a “good start” after the end of the third bailout (August 2018), although much needs…

New pro-reform, pro-market Mitsotakis govt in Greece emerges with majority mandate

Kyriakos Mitsotakis will be sworn-in just after 1 p.m. (11 GMT) at the presidential mansion in downtown Athens on Monday, with the Archbishop of Athens and All Greece, Ieronymos, swearing-in…

Mitsotakis to CNBC: Talks with European partners will begin immediately; ND has presented a clear plan, ‘without surprises’

Kyriakos Mitsotakis’ first press statements after Sunday’s election victory by his center-right New Democracy (ND) came during an interview to CNBC, where he expressed gratitude over the election result –…

Sunday, 07 July 2019

Juncker congrats to Greek elex winner Mitsotakis

Outgoing EU Commission President Jean-Claude Juncker offered his congratulations to Greek election winner Kyriakos Mitsotakis on Sunday evening, Tweeting on his official account the following: “@kmitsotakis, I would like to…

Mitsotakis: I asked for a strong mandate, voters provided it

Center-right political leader Kyriakos Mitsotakis’ first statement after his New Democracy (ND) achieved a convincing victory in Sunday’s general election referred to a “strong mandate” to govern the country, as…

Erdogan first foreign leader to offer congratulations to Mitsotakis; Tsipras concedes defeat

Turkish President Recep Tayyip Erdogan was reportedly the first foreign leader that called Kyriakos Mitsotakis on Sunday evening to offer his congratulations for New Democracy (ND) party’s election win the…

At 34% percent of tallied vote: ND near 40% to SYRIZA’s 31.6%

With some 34 percent of the vote counted in Greece’s general election so far, by 9 p.m. (19.00 GMT), New Democracy was at 39.8 percent, followed by incumbent SYRIZA at…

Self-styled anarchists make off with ballot box in central Athens’ Exarchia district

A group of roughly 10 self-styled anarchists, according to reports, barged into an election precinct in the inner city district of Exachia on Sunday afternoon and made off with the…

Exit poll: ND forecast to pick up 155 to 167 seats in Greece’s 300-MP Parliament; 5 to 7 parties in legislature

Center-right New Democracy (ND) party is expected to field between 155 to 167 seats in Greece’s 300-deputy Parliament, meaning a slim to comfortable majority with which to form the next…

Landslide victory by center-right New Democracy party; Mitsotakis handed majority to form next Greek govt

  Greece made a dramatic political “volte-face” on Sunday with a landslide victory by center-right New Democracy (ND) party and its leader, Kyriakos Mitsotakis, over incumbent SYRIZA, ending the first-ever…

First general election in Greece on Sunday, nearly 4 years after 2015 ‘annus horribilis’

The leaders of the two parties expected to vie for first place in Sunday’s general election in Greece, incumbent PM Alexis Tsipras and rival Kyriakos Mitsotakis, cast their ballots in…

Friday, 05 July 2019

2 last-minute polls – before moratorium sets in – show double-digit %-point lead for ND over SYRIZA

A pair of final opinion polls – before a two-day legal ban kicks in – ahead of Sunday’s general election shows lead by New Democracy (ND) over incumbent SYRIZA as…

Immediate ND ‘laundry list’ – if elected – involves tax cuts, jump-starting Helleniko investment

By K. Kokkaliara A pressing “to do” list by New Democracy (ND) – assuming it fulfills opinion poll forecasts and comes in first during Sunday’s general election – cautiously emerged…

Judicial council again rejects appeal for prison furlough by notorious N17 terrorist

A misdemeanor council in the central Greece city of Volos on Friday rejected an appeal by a notorious terrorist to receive another short-term prison furlough. The decision, which was more-or-less…

Cooperation between GEK Terna, Mohegan Gaming & Entertainment for gaming concession at Helleniko

By T. Igoumenidi [email protected] Greece-based construction contractor GEK Terna on Thursday announced a strategic cooperation with τη Mohegan Gaming & Entertainment (MGE) aimed at winning an integrated resort casino (IRC)…

ND vice-president Georgiadis: Fully meeting commitments the main argument for persuading creditors

By P. Tsoulos [email protected] High-profile New Democracy (ND) vice-president Adonis Georgiadis echoed party leader Kyriakos Mitsotakis’ leitmotif of fully implementing reforms and attracting even more investments as the main “argument”…

Thursday, 04 July 2019

Greek bond rally at record-breaking pace over last month

The yield for Greece’s 10-year bond dropped to as low as 2.03 percent, posting a record-breaking spiral of nearly 90 basis points only within the last month. The same product…

Final Pulse opinion poll before elex shows ND 36% to 28% for SYRIZA; majority of MPs for former

Results of 36 and 28 percent, respectively, are given to New Democracy (ND) and SYRIZA in a latest opinion poll unveiled on Thursday, a day before a ban against publishing…

Increasingly jittery Turkey revs up ‘saber-rattling’ against Cyprus

Another top member of an increasingly agitated Erdogan government on Thursday hurled more threats against the eastern Mediterranean island of Cyprus – one-third of which the Turkish military continues to…

Mitsotakis: ND win means immediate start of Helleniko project; Tsipras refers to behind-the-scenes ‘deal’

The stalled Helleniko privatization abruptly surfaced on the heated campaign trail this week, a day after joint ministerial decision was issued that included provisions bitterly opposed by the international consortium…

Ecumenical Patriarch visits Istanbul town hall to congratulate new mayor Imamoglu

Ecumenical Patriarch Bartholomew on Thursday visited the Istanbul town hall, where he was received and congratulated the Bosporus metropolis’ newly elected mayor, Ekrem İmamoğlu. In his comments, the “primus inter…

BoG Gov. cites 7 reasons why Greek econ crisis was more intense, lasted longer

Bank of Greece (BoG) Gov. Yannis Stournaras this week cited seven factors that he claims explain the intensity and duration of the Greek economic crisis over the entire ongoing second…

New ferry boat acquired by Attica Group, renamed ‘Blue Carrier 1’

By L. Karageorgos [email protected] Attica Group, the parent company of Blue Star Ferries, Hellenic Seaways and Superfast Ferries , this week announced that it has taken delivery of the ferry…

Wednesday, 03 July 2019

Tsipras: I told the truth to the Greek people; won’t step down after possible elex loss

By G. Kampourakis [email protected] Incumbent Greek Prime Minister Alexis Tsipras on Tuesday evening more-or-less ruled out the prospect of stepping down from the leadership of the left-wing SYRIZA party if…

Lamda Development on outgoing leftist govt’s ‘parting shot’: 4.5 years of mockery; investment now considered unsound

Athens-based Lamda Development on Wednesday angrily referred to “four-and-a-half years of mockery” by the outgoing Tsipras government, after being served with a ministerial decision incorporating culture ministry demands that the…

Cosco’s ambitious master plan for Piraeus Port Authority bumped for next govt’s approval

By A. Tsimplakis [email protected] Pending approval of Cosco’s ambitious 600-million-euro “extended” master plan for the Piraeus Port Authority will now be bumped to the next government to arise from Sunday’s…