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Tuesday, 17 September 2019

Reuters quotes Eldorado Gold CEO: Prospect of higher royalties, strategic partner for Greece mining operations

Reuters this week reported that Canadian multination Eldorado Gold may consider negotiations with the Greek government over possibly paying higher royalty fees for its gold mining operations in Halkidiki prefecture.…

Monday, 16 September 2019

Costamare ‘Triton’ breaks record for biggest-ever vessel to sail through Panama Canal

Costamare Inc.’s Neopanamax containership “Triton” has become the largest vessel to ever sail through the Panama Canal after its expansion in 2016. The 369-meter-long vessel, with a width of 51.2…

Mitsotakis: Athens officially requests premature repayment of ‘expensive’ IMF loans

Prime Minister Kyriakos Mitsotakis took to Twitter on Monday to announce that his government has officially submitted a request to pay off a portion of the loans extended to Greece…

Passenger traffic down 2.5% at Greek ports in Q1 2019, compared to same period in 2018

Passenger traffic at Greece’s ports fell by 2.5 percent in the first quarter of 2019, compared with the same quarter in 2018, Greece’s statistics authorities (EL.STAT) announced on Monday. An…

Govt: More than 19K online applications for primary residence protection; favorable settlement terms

Some 19,000 taxpayers have applied to an online platform for legal protection (from creditors) of the primary residence, mainly against commercial banks holding the property’s mortgage. The application includes a…

Friday, 13 September 2019

Athens continues to ‘test the waters’ for greater ‘fiscal space’; FinMin at informal Eurogroup meeting

By E. Triiri [email protected] The “inaugural” participation by Greek Finance Minister Christos Staikouras at a Eurogroup session came on Friday in Helsinki, as the new Mitsotakis government continues to “test…

Greece in disappointing 102nd place out of 162 countries in annual Economic Freedom of the World report

EU and Eurozone member-state Greece finds itself in a lackluster 102nd place out of 162 country listed in this year “Economic Freedom of the World” Report, published by the Canada-based…

MG&E CEO reiterates casino operator’s interest in Helleniko license

The head of Mohegan Gaming & Entertainment has reiterated the casino operator’s interest in an international tender for an integrated resort casino at the Helleniko site, its president and CEO,…

Thursday, 12 September 2019

Ex-parliament president Konstantopoulou latest sharp critic of film based on Varoufakis’ book

Former Greek Parliament president Zoe Konstantopoulou on Thursday joined critics of Costa-Gavras’  film “Adults in the Room”, based entirely on a best-selling book by ex-finance minister Yanis Varoufakis, in blasting…

3-month-old baby dies in guard dog attack near Athens

A three-month infant was fatally injured in a dog attack on Thursday in a township west of greater Athens. According to initial reports, a family’s adult Rottweiler attacked the infant…

Wednesday, 11 September 2019

Body of missing British mountain climber discovered in remote NW Greece gorge

The body of a missing 26-year-old British mountain climber was located on Wednesday in a remote gorge near Mt. Astraka, near the northwest Greek town of Konitsa. His vehicle was…

Interest expressed for unfinished commercial high-rise downtown Piraeus

By T. Igoumenidi [email protected] A consortium comprised of National Pangaea, Dimand and the European Bank for Reconstruction and Development (EBRD) will reportedly acquire a 99-year concession for a half-finished high-rise…

Greek govt OKs sale of 30% stake in Athens int’l airport

The Greek government on Wednesday approved of the sale of a 30 percent stake owned by the state in the Athens International Airport, with the shares currently held and managed…

Weak quake, 3.8R, felt in greater Athens area

A 3.8 on the Richter scale earthquake was felt in the greater Athens area on Wednesday. The quake was recorded at 11.13 a.m. (09.13 GMT), and pinpointed in a coastal…

Tuesday, 10 September 2019

EBRD to open office in Thessaloniki

The EBRD on Tuesday announced that it was establishing an office in Thessaloniki, Greece’s second largest city, which will focus on the support of small and medium-sized enterprises (SMEs). According…

Margaritis Schinas appointed as new Commission VP

Former EU Commission spokesman Margaritis Schinas, Greece’s nominee for the new EU executive, has been appointed as its vice-president, following a decision on Tuesday by European Commission President-elect Ursula von…

Monday, 09 September 2019

Greek hotels continue to rate well compared to competitor countries, ReviewPro survey shows

By L. Karageorgos [email protected] Greece’s hotels continue, in broad terms, to record a higher level of satisfaction by foreign guests, compared to rivals, a trend that emerged in 2018, according…

Performer Macheritsas, 62, dies from sudden heart attack

Greek performer Lavrentis Macheritsas, 62, one of the protagonists in Greece’s “new wave” rock scene in the 1980s, and a successful solo performer since then, died on Monday morning after…

Sunday, 08 September 2019

PM confirms that Athens will request to payoff some IMF loans before maturity; reducing fiscal targets a standing goal

Greek Prime Minister Kyriakos Mitsotakis on Sunday confirmed that his government will convey an official request for the early repayment of  a portion of loans owed to the IMF, saying…

Friday, 06 September 2019

Port of Piraeus tops Valencia as Med’s largest container port, according to ‘N’ information

By L. Karageorgos [email protected] The port of Piraeus, as widely forecast over the recent period, has climbed into first place in terms of container traffic in the Mediterranean, exceeding the…

Opinion poll: ‘Honeymoon’ period continues for new Mitsotakis govt in Greece

One of the first opinion polls after the July 7 election this week has ruling New Democracy (ND) party extending its voter approval ratings and its distance from main opposition…

Greek exports rebound in July 2018; rising trend in imports continues

Greek exports rebounded in July 2019, posting a 7.2-percent increase, compared with the same month in 2018, although concerns over a wider balance of trade emerged with equally rising imports.…

Thursday, 05 September 2019

Reports: BoG Gov. Stournaras says 3% GDP growth in Q3 2019 possible, after all; fiscal targets achievable

Greek central banker Yannis Stournaras appeared more optimistic over the the country’s economic performance in 2019, reportedly telling the Belgian Business Club (BBC) on Thursday that GDP growth could, after…

US Sec’t of Commerce Ross in Athens: Reduce taxes, ‘red tape’ and investments will flow

By V. Kostoulas [email protected] Visiting US Secretary of Commerce Wilbur Ross, a noted American investor before assuming a Trump administration Cabinet post, appeared guardedly optimistic on Thursday over investment prospects…

Only 26% of properties in Greece registered with nat’l cadastre

By T. Igoumenidi [email protected] The recording of property assets in Greece, as part of the nascent national land registry program, continues to hover at extremely low rates, as only 26…

3 Greek construction companies in Deloitte’s ‘Top 100’ globally for 2018

Three Greece-based construction companies are included in this year’s global “Top 100”, compiled and listed in the annual Deloitte Global Powers of Construction (GPoC) report, namely, Ellaktor, Mytilineos Holdings and…

Overnight wildfire near site of deadly 2018 blaze under control on Thurs.

A sudden wildfire that erupted overnight in the Nea Makri municipality, in coastal east Attica prefecture, was reportedly contained by daylight, according to authorities, although the blaze had first scorched…

Wednesday, 04 September 2019

Athens pleased with Lagarde comments over excessive fiscal targets for Greek state

Outgoing IMF Managing Director Christine Lagarde, the nominee expected to assume the helm of the European Central Bank (ECB), on Wednesday appeared as a Greek government ally, as far as…

Govt issues previously blocked permits to Hellas Gold for mining concession; satisfaction by parent company

The relevant environment and energy ministry approved of three permits, as widely expected, for the delayed-plagued Hellas Gold mining operations in northern Greece’s Halkidiki prefecture, especially at the Skouries site,…

Greek GDP rate grows in Q2 by 0.8% compared to Q1; 1.9% on annual basis

The rate of economic growth in thrice bailed-out Greece (2010-15) continued to increase in 2019, with GDP rising in the April-June period on the back of higher public consumption, and…