English

Thursday, 27 June 2019

Lamda Development warns against last-minute ministerial decisions regarding delay-plagued Helleniko project

By T. Igoumenidi [email protected] A nascent “feud” between the international consortium that’s won a concession for the massive Helleniko property development in southeast Athens and the outgoing Tsipras government, given…

Wednesday, 26 June 2019

Cesme-Lavrio ferry route – linking western Turkey to Athens area – inaugurated on June 30

The  Cesme-to-Lavrio ferry boat route will be inaugurated on June 30, with the inaugural journey being served by the Panama-flagged “Kaunas”, with the vessel set to depart the western Turkish…

New framework for ‘Golden Visa’ bumped back after July 1, as 2 ministerial decisions remain unsigned

By S. Zisimos [email protected] Ubiquitous Greek bureaucracy is reportedly behind a delay in the implementation of a new framework for the so-called “Golden Visa” program, which grants long-term residency status…

Reports: Qualco the sole bidder in latest PPC tender for arrears collector

By K. Deligiannis [email protected]  Only a single bid was submitted in a new international tender issued by the Public Power Corp. (PPC), Greece’s dominant power supplier, for the hiring of…

Mitsotakis: First tax breaks for middle class, businesses as of Jan. 1, 2020

New Democracy (ND) Kyriakos Mitsotakis on Wednesday evening promised tax breaks as of Jan. 1, 2020 for taxpayers and businesses, if his center-right party wins the upcoming July 7 general…

Contracts for exploratory hydrocarbon drilling south, SW of Crete to be signed on Thur.

Contracts between the Greek state and consortium comprised of ExxonMobil (40 percent), Total (40 percent) and Hellenic Petroleum (20 percent) for exploratory drilling west and southwest of Crete will be…

Tianjin Port delegation in Piraeus, meets with chamber officials

A Chinese business delegation, led by the vice-president of the Tianjin Port company, Li Quaniyong, met on Tuesday with the president of the Piraeus Chamber of Commerce and Industry, Vassilis…

One of Creta Farm’s major shareholders reveals identity of would-be 15-mln€ investor

One of the main shareholders in major luncheon meats producer Creta Farms on Tuesday revealed the identity, as he said, of a prospective strategic investor in the Crete-based company, with…

Eurostat: Most basic consumer goods in Greece more expensive than EU average

The prices of most basic consumer goods in thrice bailed-out Greece, for 2018, were on average higher than the median price in the European Union, according to figures released this…

Tuesday, 25 June 2019

Costa Navarino cooperation with Bayern Munich for resort’s football camps

By L. Karageorgos [email protected] Costa Navarino, one of Greece’s pre-eminent resorts, this week announced a cooperation agreement with German powerhouse Bayern Munich, with members of the pro football club’s coaching…

Tsipras from Cyprus: Greece not alone, Turkey should cease violating int’l law

Greek Prime Minister Alexis Tsipras responded in quick order on Tuesday to the latest “saber-rattling” by Turkish President Recep Tayyip Erdogan, who dismissed Athens’ repeated protests over illegal Turkish drilling…

ND given double-digit percentage point lead in latest opinion poll

New Democracy (ND) continues to field a sizable lead, this time in double-digit percentage point “territory”, over SYRIZA in the latest opinion poll unveiled this week. The poll was conducted…

Reports point to possible OTE exit from Romania

By T. Igoumenidi [email protected] DT-managed OTE, the dominant state-run telephony utility in Greece and the former state-run monopoly, is reportedly studying the prospect of exiting the Romanian market, which it…

UBS report on Greek econ prospects mostly positive; points to 2020 of new president as key date

A UBS report on Monday, two weeks before a snap general election in Greece, points to next year’s selection for a new president of the republic – a vote involving…

Monday, 24 June 2019

No compromise on TV debate ahead of July 7 general election appears

No debate at all now appears as the most likely outcome of heated negotiations between political party representatives in Greece ahead of the July 7 general election, with each side…

Lawsuits by trio of top politicians implicated in never-ending Novartis probe reopened

A request by a deputy supreme court prosecutor to reopen lawsuits filed by a trio of top politicians implicated in the controversial – and still ongoing – Novartis kickbacks investigation…

Stepped up readiness in greater Athens area due to mini heat wave, high winds

Municipal authorities in the greater Athens area on Monday announced continued night-time patrols and readiness of water tankers, as southern Greece is experiencing a mini heat wave this week, accompanied…

High-profile meeting between Cosco delegation, Piraeus municipal govt on Fri. over Chinese multinational’s ambitious master plan

By A. Tsimplakis [email protected] The future of Cosco’s massive, by Greek standards, investment at the port of Piraeus was the focus of a high-profile and multi-party meeting on Friday at…

Mitsotakis: Yes to television debate, but with all main candidates present

New Democracy (ND) party leader Kyriakos Mitsotakis on Sunday reiterated that he’s in favor of a televised debate with other mainstream political leaders, ahead of the July 7 election, although…

Friday, 21 June 2019

Τest results show 97% of Greek waters fit for swimming in 2018

A whopping 97 percent of coastal waters in Greece in 2018 were considered as excellent for swimming, based on specifications listed in Community directive 2006/7, according to a press release…

PPC denies press reports claiming violations of loan contracts due to arrears

Greece’s Independent Power Transmission Operator (ADMHE) on Friday issued clarifications regarding debts, in the form of penalty interest rates tack on to past arrears, owed by the Public Power Corp.…

Mitsotakis unveils core ND policy planks: Less taxes, better jobs, more security

Center-right New Democracy (ND) leader Kyriakos Mitsotakis on Friday unveiled his poll-leading party’s primary economic axes ahead of the July 7 general election, staying “on message” with pledges for less…

Outgoing labor ministry unveils another 4 obligatory labor bargaining agreements

The now outgoing Tsipras government this week unveiled another four unilateral – and obligatory – collective bargaining agreements for a handful of labor sectors, namely, for maritime shipping firms and…

Greek jobless rate drops in spring season; higher in May 2019, yoy

Greece’s official unemployment rate continued to fall in May 2019, with the number of registered jobless individuals easing under 930,000, reduced by roughly 44,000 from the previous month, April 2019.…

Wednesday, 19 June 2019

Ex-caretaker PM first on ND’s state deputy list; Mitsotakis says he’ll bring up Turkish issue with Merkel

Center-right New Democracy (ND) leader Kyriakos Mitsotakis on Wednesday evening announced that former caretaker prime minister and top high court justice Panagiotis Pikrammenos will be first on the party’s state…

Prosecutor again recommends against prison furlough for notorious urban terrorist

Α Volos-area prosecutor on Wednesday recommended against an appeal by a convicted terrorist to receive a prison furlough. A previous application for a furlough by “November 17” arch-assassin Dimitris Koufodinas…

ND foreign affairs sector head meets with US amb. to Greece

The latest developments in the eastern Mediterranean – in light of continued Turkish provocations in Cyprus’ EEZ – were on the agenda of talks on Wednesday between New Democracy (ND)…

Strong demand for Piraeus Bank bond issue

A Tier II bond issue of Piraeus Bank shares attracted strong interest by investors on Wednesday, with the yield falling below 10 percent, and with total bids exceeding 800 million…

41K taxpayers, businesses in Greece apply for 120-mo installment plan for social security arrears

By S. Papapetros [email protected]   Nearly 41,000 taxpayers and business entities with arrears to the primary health and pension fund in Greece, known by the acronym EFKA, have applied and…

HSBC, Citibank: Prospect of ND victory, majority govt a boon for ATHEX, bank shares

International ratings firms appear exuberant over the projected impact of a July 7 general election in Greece, with pro-reform and pro-market New Democracy (ND) party coming off two successive election…