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Friday, 27 September 2019

Property platform’s data: Prices in central Athens, holiday spots jump

Significantly increased housing prices in many urban areas in Greece is the main highlight in a Supply Price Index (SPI) operated by a property platform, based on data from classified…

Thursday, 26 September 2019

Mitsotakis promises expatriates the right to vote by 2023; extensive interview to Wash. Post

Greek Prime Minister Kyriakos Mitsotakis this week expressed a hope that Greek expatriates living abroad will be able to vote in general elections back in Greece by 2023, qualifying the…

US embassy in Athens: Trump-Mitsotakis meeting was, indeed, set for Tues.

A press release by the US embassy in Athens on Thursday clarified that a meeting between Greek Prime Minister Kyriakos Mitsotakis and US President Donald Trump had been scheduled on…

Proposal tabled in Parliament to examine accusations against former alt. justice minister Papaggelopoulos

Thirty deputies from ruling New Democracy (ND) party on Thursday morning submitted a proposal to convene a special Parliamentary committee of inquiry in order to conduct a preliminary investigation into…

Wednesday, 25 September 2019

Migrant crisis, Cyprus dominate Mitsotakis-Erdogan meeting in NYC

A closely watched meeting between new Greek Prime Minister Kyriakos Mitsotakis and powerful Turkish leader Recep Tayyip Erdogan took place on Wednesday, on the sidelines of the UN General Assembly…

More than 14K lightning strikes around, over Greece on Mon.; two fatalities

A severe low front that passed through Greece’s western mainland on Tuesday caused heavy rainfall while also generating more than 14,000 lightning strikes, with two fatalities reported as a result.…

Tuesday, 24 September 2019

Gov’t relieved by PPC’s H1 2019 results; ministers says insolvency avoided

A finalized audit of troubled Public Power Corp. (PPC), the dominant electricity provider in the country, in tandem with H1 2019 results have reportedly provided a fillip to the utility’s…

Mitsotakis to Zaev at UNGS: I opposed Prespa Agreement; once ratified new govt will respect it

Greek Prime Minister Kyriakos Mitsotakis met with his counterpart from North Macedonia, Zoran Zaev, for the first time as the premier on Tuesday, a closely watched and symbolic meeting on…

Mass transit in greater Athens mostly affected by first major strike of the season

An industrial action declared in Greece on Tuesday mostly affected mass transits systems in the greater Athens, as well as ferry boat service between numerous Aegean islands and the mainland.…

Reports: Entire stock of Greek armed forces’ mainstay assault rifle, G3A3, set for upgrade

By G. Fokianos [email protected] Greece’s defense ministry has reportedly given the “green light” for the upgrading of the primary assault weapon used by the country’s armed forces, the German-patented G3A3…

Reports: Five-year boy run over by truck at Moria ‘hotspot’ on Lesvos

A five-year boy from Afghanistan was the latest fatality at the Moria ‘hotspot’ on the eastern Aegean island of Lesvos (Mytilene), with initial reports stating that the victim was run…

Moderate quake, 5.0R, off SE Crete on Tues. morning

A moderate earthquake measuring 5 on the Richter scale was recorded at 10.49 a.m. (08.59 GMT) in a sea region southeast of the large island of Crete. The quake was…

Lebanese tourist arrested on int’l warrant for 1985 plane hijacking, murder released after authorities point to name mix-up

A 65-year-old Lebanese man arrested last week on the jet-setting island of Mykonos on an international warrant involving two 1980s terrorism incidents, including a plane hijacking and murder, has been…

First estimates in Greece for Thomas Cook-related losses at between 500, 600 mln€; 16.5K tourists evacuated today

By A. Tsimplakis [email protected] The Greek tourism sector received a major hit this week with the collapse of tour and travel giant Thomas Cook, the second biggest in Europe. Some…

Monday, 23 September 2019

Draghi: Possible Greek participation in QE possible if progress sustained, reforms implemented

Outgoing European Central Bank (ECB) President Mario Draghi on Monday told European Parliament deputies that Greece can be included in the revised QE stimulus program if its continues to post…

Greek rail operator, rolling stock maintenance company to merge by end of 2019

By F. Zois [email protected] State-run Italian rail operator Ferrovie dello Stato will have reportedly merged its Greek rail subsidiary, Trainosse, with the recently purchased Hellenic Company for Rolling Stock Maintenance…

Thomas Cook collapse leaves 50K tourists in Greece without holiday package, return flights

The collapse multinational tour operator Thomas Cook has sent shock waves through Greece’s hotel and resort sector, with tourism professionals in Crete, for instance, saying that up to 80 percent…

Friday, 20 September 2019

Top govt meeting on Sat. to focus on resurgent refugee crisis; more than 2.2K irregular migrants arrive in a week

An extraordinary mini Cabinet meeting will take place at the Maximos Mansion government house on Saturday to focus on the resurgent migrant/refugee crisis in the Aegean, the government announced on…

ΒοG Gov. Stournaras: Growth above 3% after 2020 ‘under certain conditions’

Greek central banker Yannis Stournaras this week again underlined the need to reduce the ambitious fiscal goals that Athens has committed to meeting until 2022, to the benefit of the…

Reports: Blackstone Real Estate to purchase five hotel units in Greece

By L. Karageorgos [email protected] Blackstone Real Estate Partners Europe has announced an agreement with hotel operator Louis Group for the purchase, by the former, of five high-end hotel resorts in…

Thursday, 19 September 2019

Ruling ND still in ‘honeymoon period’, latest poll shows; 13.5%-point lead over main opposition SYRIZA

Ruling New Democracy (ND) continues what is apparently a “honeymoon period” after the July 7 election, with one of the first opinion polls of the new autumn season showing the…

Latest high-profile police raid ends twin squats in central Athens

The latest high-profile police operation in downtown Athens to end building “squats” targeted two buildings – facing each other – with all of the occupants evacuated identified as third country…

Former Greek DM: Numerous instances could have turned into ‘Imia-like’ incidents in Aegean

Greece’s up-until-recently defense minister on Thursday said there were “numerous instances” during his brief tenure that incidents that could have turned into another “Imia incident”, referring to a January 1996…

Commission ‘green light’ to framework for protection, subsidiazation of primary residence mortgages

A Greek government legal framework to protect eligible households’ primary residence and subsidize mortgage payments has been approved by the European Commission, which judged that it was compatible with EU…

Wednesday, 18 September 2019

Draft laws for hydrocarbon concessions in Ionian, off Crete in Parliament this week

The relevant environment and energy ministry on Wednesday tabled four draft laws in Parliament to ratify a same-number of concessions for hydrocarbon exploration and exploitation in sea regions off Crete…

Lamda Development ready to assume sole Helleniko consortium; eyes share capital increase of 650 mln€

ATHEX-listed Lamda Development will completely take over the Helleniko concession, the Athens-based company announced on Wednesday, with its board of directors also saying an extraordinary general assembly of shareholders will…

Tuesday, 17 September 2019

Greek hotel operators call on online booking platforms not to calcuate commission that includes VAT

By L. Karageorgos [email protected] A raging disagreement between Greek hoteliers and online booking platforms, such as the aptly named booking.com, continues unabated into the tail end of the summer holiday…

Alter Ego Mass Media’s bid for Forthnet sends ripples through Greece’s telecoms sector

By T. Igoumenidi [email protected] Debt-laden Forthnet has confirmed the submission of a purchase offer by the Alter Ego Mass Media group, controlled by well-known shipowner and businessman Vangelis Marinakis, a…

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…