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Tuesday, 02 July 2019

Tsipras faces off with harshest media critic, Skai TV, during live appearance on prime-time newscast

Beleaguered incumbent Greek Prime Minister Alexis Tsipras on Tuesday sat for questions in the studio of his harshest media critic, Athens-based Skai TV, personally overturning an “embargo” against the outlet…

Greek DM from Herzliya Conference: Greece, Israel share common values, goals

Greek Defense Minister Evangelos Apostolakis addressed the high-profile Herzliya Conference in Israel this week, stressing that Greece and Israel share common values and goals, namely, to promote peace and stability in…

Local retailer Public to form new company with MediaMarktSaturn’s Greece subsidiary

A major deal in Greece’s electronic and white goods sector was announced on Tuesday, with the Olympia group – which owns the Public stores in Greece and Cyprus – to…

Latest snag in Helleniko privatization caused by culture ministry demand; last-ditch efforts by govt before elex fizzle

Βy. T. Igoumenidi [email protected] Bureaucratic obstacles and “nit-picking” continue to impede the commencement of the massive Helleniko privatization in coastal southeast Athens, with the culture ministry general secretary in the…

Trio of Antetokounmpo in Greek nat’l basketball team lineup for world championship in China

The year’s NBA MVP, Milwaukee Bucks power forward Giannis Antetokounmpo, will be in the Greek national men’s team lineup for the upcoming world championship in China, with his brothers, Thanassis…

Yield on 10-year Greek bond at record low ahead of expected ND elex victory

By N. Stasinou [email protected]  The yield for the benchmark 10-year Greek bond posted a spectacular decrease on Tuesday morning, slicing off 21 basis points to hover at 2.09 percent, a…

Monday, 01 July 2019

HFSF CEO Czurda to ‘N’: Corporate governance the barometer for Greek banks’ future

By C. Dogas [email protected] A series of initiatives to rapidly boost the institutional role of National Bank of Greece (NBG), with the aim of reasserting its presence in a competitive…

Mitsotakis from Samos: Immediate relief for east Aegean islands swamped by migrant crisis

Poll-leading New Democracy (ND) Kyriakos Mitsotakis on Monday promised that relieving a handful of Greek islands that have bore the brunt of the migrant crisis in the eastern Aegean over…

Greek, Chinese shipping interests top bulker transactions in 2019; tankers sector dominated by former

By A. Tsimplakis [email protected] Greek and Chinese shipping interests have dominated transactions for bulkers so far in 2019, with companies from either side involved in 130 out of the 237…

Justice minister categorically denies press reports claiming early release of N17 terrorists

Greece’s outgoing justice minister on Monday afternoon categorically denied a bevy of same-day press reports claiming that the country’s revised penal code will make it easier for inmates serving multiple…

Reports: Judicial council leaning towards rejecting N17 terrorist’s appeal for jail furlough

A first instance court judicial council in the central Greece city of Volos is reportedly recommending that an appeal by a convicted terrorist assassin for another prison furlough be denied,…

Greece sees rising competition from Med tourism destinations

By L. Karageorgos [email protected] Tourists arrivals throughout the Mediterranean this season are increased, compared to 2018, with Greece’s primary regional rivals recovering from previous disappointing years, including non-European destinations such…

Sklavenitis supermarket chain flatly denied press reports claims talks with French multinational

Greece-based supermarket chain Sklavenitis, the biggest domestically owned grocer in the country, on Monday categorically denied press reports claiming that it was in talks with a French multinational for the…

BoG monetary report: Greece will miss fiscal, growth targets for 2019

The Bank of Greece (BoG) on Monday again sent “shock waves” through the outgoing Tsipras government’s economic policy and ministers’ frayed nerves, this time warning that a recent and abrupt…

Sunday, 30 June 2019

PM Tsipras scraps ’embargo’ of harsh media critic, says he’ll personally appear on Skai TV to field questions

The outgoing government and up-to-now ruling SYRIZA party’s “embargo” against Athens-based Skai broadcaster – one of the most acerbic media critics of the former – was unceremoniously scrapped over the…

Mitsotakis: ND govt, if elected, will complete Skouries gold mine project, without cutting corners in terms of eco protection

New Democracy (ND) leader Kyriakos Mitsotakis on Sunday, speaking from the northern prefecture of Halkidiki, promised that his center-right party, if elected to government in the July 7 snap ballot,…

Weekend opinion poll projects slim to comfortable center-right ND Parliamentary majority

The latest opinion poll released over the weekend shows a continued comfortable lead for New Democracy (ND) party over incumbent ruling party SYRIZA, with the center-right party also polling even…

Seasonal northerly winds, the ‘Meltemia’, clock in at 106 kph in Karystos, southern Evia

The Aegean’s fabled summer winds, the gusty northerly “Meltemia”, reached gale force strength over the weekend, with the velocity in the southern Evia harbor town of Karystos reaching 106 kilometers…

Friday, 28 June 2019

Govt extends 120-mo installment plan to eligible businesses to cover arrears to state

The outgoing Tsipras government this week announced that it was including businesses with arrears to the state in a 120-month installment plan, similar to a recently unveiled framework for taxpayers…

PPC announces Q1 2019 losses of 205.1 mln€; utility counters that results do not include recent rebates of 121.2 mln€

The Public Power Corp. (PPC) on Friday reported first quarter 2019 losses of 205.1 million euros, after taxes, an increasingly poor performance by Greece’s dominant electricity utility. The state-run company…

Largest ever haul of ‘captagon’ pills seized at Greek port

The largest ever haul of the amphetamine-type stimulant known as “Captagon” was recorded in Greece this week, with nearly 1.600 kilos of the drug – corresponding to more than 10…

Econ recovery, political developments cause ATHEX bank shares to skyrocket (92%) over last 6 mo.

By N. Stasinou [email protected]  The general index at the Athens Stock Exchange (ATHEX) continued its 2019 rally over the recent period, having gained 43 percent over the past sixth month,…

Nike sets up basketball hoop atop Mt. Olympus to shoot vid in honor of NBA MVP Antetokounmpo

Footwear and apparel giant Nike chose the summit of fabled Mount Olympus this week to honor 2018-19 NBA MVP Giannis Antetokounmpo, erecting a small basketball hoop on the top of…

Control of Creta Farm passes to one of two Domazakis brothers

By D. Alexaki [email protected]  Control of troubled luncheon meats producer Creta Farms has passed to one of its primary shareholders, Emmanuel Domazakis, following Thursday’s raucous extraordinary general assembly in the…

Last of Greece’s capital controls will reportedly be abolished in Sept.

By E. Sakellari [email protected] The abolition of all remaining capital control clauses – the ‘legacy’ of the first Tsipras’ government’s shambolic negotiations with creditors between February and June 2015 –…

Thursday, 27 June 2019

Latest poll gives ND a 9%-point lead over SYRIZA

The latest opinion poll in Greece, released on Thursday, has New Democracy (ND) party fielding a 9-percentage-point lead over incumbent SYRIZA, with less than two weeks left before the July…

WSJ article points to looming return of ‘establishment’ at Athens’ helm, loss for populists

The Wall Street Journal (WSJ) on Thursday posted an article on Greece’s upcoming general election headlined “Greece’s voters turn to establishment amid Europe’s populist wave”, with the author predicting an…

Some 180K Greek households expected to qualify for primary residence protection; Eurobank deal for NPL portfolio sale

By E. Sakellari [email protected]    Some 180,000 households in Greece burdened with delinquent mortgages are expected to achieve eligibility in primary residence protection scheme, of which some 50,000 are business…

Outgoing govt blocks Athens-area toll way rate hike by concessionaire; latter to seek legal redress

The outgoing government on Thursday issued a legislative order essentially forbidding a planned increase in rates in the greater Athens area’s sole tollway (Attiki Odos), following a recommendation by the…

Mitsotakis: Penal code revisions, elex code change and abolition of uni ‘asylum’ If ND elected

New Democracy (ND) leader Kyriakos Mitsotakis on Thursday morning “switched gears” and unveiled what he said will be his and his center-right’s priorities on the social front, a day after…