English

Tuesday, 16 July 2019

High court throws out another pair of lawsuits aimed at blocking Helleniko privatization

Efforts to jump-start the delay-plagued Helleniko investment, billed as Greece’s biggest privatization and one of the biggest real estate development projects in Europe, got another boost on Tuesday, as a…

Strong demand on Tues. by investors for first bond issue after election of new Greek govt

Strong demand by long-term institutional investors was recorded in the first hours after the opening of an offer book for the issuance of a new seven-year bond by the Greek…

New Salfo & Associates contracts in Doha

Athens-based Salfo & Associates on Tuesday announced two new contracts regarding the design and supervision for the Legtaifiya metro station and three Monoprix supermarkets, exceeding 8,000 square meters, in Doha,…

Greek PM: No changes in clerics’ payroll regime, dialogue revived with Church of Greece

New Greek Prime Minister Kyriakos Mitsotakis on Tuesday received Archbishop of Athens and All Greece Ieronymos at the Maximos Mansion government house, a courtesy visit by the latter that nevertheless…

Power outages affect central Athens on Tues.

A power blackout has affected certain areas in central Athens on Tuesday, as the Greek capital and much of the country are in the middle of the peak summer tourism…

EWG president Vijlbrief in Athens: High fiscal targets not a ‘punishment’ for Greece; sustainable debt the goal

Eurogroup working group (EWG) president Hans Vijlbrief reiterated to a mostly Greek audience on Tuesday that Greece’s primary budget surplus targets are linked with debt relief measures, with reductions in…

Regling in Athens: Cut in tax rates could be combined with expanded tax base; fiscal targets must be met

European Stability Mechanism (ESM) chief Klaus Regling on Tuesday said a reduction in Greece’s tax rates could be combined with an expanded tax base, a long-standing recommendation by the country’s…

New record in container traffic at port of Piraeus

By L. Karageorgos [email protected] Piers II and III at the port of Piraeus, which are managed by Cosco subsidiary SEP, announced a new record for container traffic in the first…

Monday, 15 July 2019

Airbnb effect: Greek tax bureau detects more than 20K properties not listed on mandatory short-term leasing registry

Inspectors from Greece’s tax bureau have reportedly detected more than 20,000 properties in the country listed on the world’s foremost short-term lease platform, Airbnb, which however, have not been registered…

4th EU-Arab World Summit in Athens at the end of Oct.

The 4th EU-Arab World Summit will take place in Athens at the end of October 2019, and specifically at Megaron Concert Hall in central Athens. The event was established in…

Grand Resort Lagonissi opens new Grand Hall con’f center

Grand Resort Lagonissi, in coastal southeast Athens, has inaugurated its new Grand Hall conference center. The new conference center covers an area of nearly 5,000 square meters, with its main…

Suspect questioned in murder of US biologist Eaton

A 27-year-old local man on large island of Crete has been detained on suspicion of involvement in the murder of a 60-year-old American biologist, nearly two weeks ago. The woman’s…

Mitsotakis receives phone calls from Egypt’s el-Sisi, Venezuela’s Guaidó

New Greek Prime Minister Kyriakos Mitsotakis spoke by phone on Monday with Egyptian President Abdel Fattah el-Sisi, who congratulated him over his election victory last week, as well as with…

Belgian woman, 50, collapses, dies during trek through Crete gorge

The body of a 50-year-old Belgian woman, on holiday on the large island of Crete, was recovered from the Kapsa gorge in eastern Lasithi prefecture on Monday, after the holiday-maker…

NBA star shooter Jimmer Fredette signed by Panathinaikos

NBA shooting guard Jimmer Fredette was signed by Greek basketball powerhouse Panathinaikos BC on a two-year contract, the club announced on Monday. The 30-year Fredette has five seasons of NBA…

Staikouras-Regling meeting: FinMin press release cites talks on Greek economy, commitments to creditors, new govt’s priorities

A meeting between visiting ESM Managing Director Klaus Regling and new Greek Finance Minister Christos Staikouras was held in a “positive climate”, a press release by the same ministry stated…

Greece to issue 7-year bond in coming period

The Greek finance ministry on Monday announced the issuance of a 7-year Greek state bond, with the target being to cover the annual goal for draining capital from markets by…

Latest tender for PPC lignite units declared null, void

Another international tender for Public Power Corp.’s (PPC) lignite-fired units (three power stations and a final license for the operation of a fourth) was declared null and void on Monday,…

New Greek govt announces urgent for migrant-refugee crisis

The new conservative Greek government on Monday announced immediate measures aimed to ameliorate the effects of the still ongoing migrant/refugee crisis affecting the SE European country, especially a prompt and…

ESM head Regling in Athens on Mon. for closely watched meeting

A close-watched meeting will come on Monday afternoon in Athens between ESM Managing Director Klaus Regling and new Greek Finance Minister Christos Staikouras, this first time the head of the…

CNBC: Former Greek FinMin Tsakalotos a candidate for IMF top spot

Former Greek finance minister Euclid Tsakalotos is reportedly included amongst the very high-profile candidate for a new managing director of the International Monetary Fund (IMF) according to a report on…

Friday, 12 July 2019

Athens-Piraeus again in ‘top 10’ in terms of global shipping hubs

By L. Karageorgos [email protected] The Athens-Piraeus area has returned to the world’s top 10 shipping hubs, according to a recent study by Baltic Exchange. The Greek capital bumped Korea’s Pusan…

Previous govt’s top judicial appointments null, as president returns decrees unsigned

The legal department of the Greek president’s office has reportedly returned two presidential decrees appointing a new Supreme Court president and chief prosecutor back to the new government, unsigned. The…

Piraeus Bank: Talks over strategic cooperation with major Asian-Pacific lender in shipping finance sector

Athens-based Piraeus Bank on Friday announced that it is exploring the prospect of a strategic partnership with a major Asian Pacific financial conglomerate to provide financing solutions to Greek shipping…

BoG Gov Stournaras: End of capital controls in sight; missed fiscal target for 2019

Bank of Greece (BoG) Gov. Yannis Stournaras on Friday more-or-less confirmed widespread consensus in Athens, over the recent period, that remaining capital controls will be quickly scrapped, especially in case…

Greece recognizes Guaidó as acting president of Venezuela

Greece on Friday joined most of its EU partners in recognizing Juan Guaidó, the president of Venezuela’s National Assembly, as the South American nation’s acting president. The decision comes days…

Prof. Michalis Argyrou to represent Greece at Euro Working Group

Prof. Michalis Argyrou has been appointed as the chairman of the Council of Economic Advisers (SOE), the advisory body to Greece’s finance ministry. Argyrou will also represent Greece at the…

Ellaktor in talks with systemic banks over loan restructuring

By T. Igoumenidi [email protected] The Ellaktor construction company is in negotiations with all four of Greece’s systemic banks to restructure its loan portfolio, with top management briefing shareholders at Thursday…

New Greek PM visits education ministry in symbolic first meeting

Greek Prime Minister Kyriakos Mitsotakis arrived at the education ministry on Friday morning, choosing the specific ministry in a symbolic move. The visit was scheduled for the previous day, but…

Thursday, 11 July 2019

Anti-state protesters attack Acropolis-area police precinct after anti-AirBnB rally

Self-styled anarchists attacked the police precinct in the Acropolis area on Thursday evening by throwing stones and other objects, following a protest march in the area district again short-term property…