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Wednesday, 26 June 2019

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…

Tuesday, 18 June 2019

EU General Affairs Council calls for ‘options for appropriate measures’ against Turkey ‘without delay’

The EU’s General Affairs Council on Tuesday adopted enlargement conclusions on Turkey, inviting the European Commission and the European External Action Service (EEAS) to submit “options for appropriate measures” against…

BoG: Progress in reducing NPLs, mixed picture in other indexes affecting Greek banks

A Bank of Greece (BoG) review for the country’s banking sector in 2018 notes that it remains in a “recovery orbit”, as an official exit from the bailout era and…

Sources: Probe against ex-PM Simitis, 2 past ministers permanently shelved

Another protracted and high-profile judicial investigation of alleged wrongdoing in a previous Greek government has been shelved, according to sources close to a probe by an anti-money laundering watchdog. The…

Union of Greek Shipowners welcomes IMO decision regarding low-sulfurbunkering fuel enforcement

The Union of Greek Shipowners (UGS) on Tuesday welcomed the adoption, by the IMO’s Maritime Safety Committee (MSC 101) of an action plan to deal with critical safety and responsibility…

Sunday, 16 June 2019

Tsipras: Prospect of sanctions to be broached if Turkey continued east Med provocations

Greek Prime Minister Alexis Tsipras told reporters on Sunday evening that whoever violates the sovereign rights of EU member-states Greece and the Republic of Cyprus, or international law in the…

9.8%-point for ND in latest weekend opinion poll

Opposition New Democracy (ND) party continued to “flirt” with a double-digit percentage point leader over incumbent SYRIZA in the latest opinion poll to be announced over the weekend, with just…

Top Greek govt council to convene on Sun. afternoon, with tension in east Med reported as the cause

An abrupt meeting of the high-level Government Council for Foreign Affairs and Defence (KYSEA) was announced for Sunday afternoon, with reports pointing to developments in the east Mediterranean as the…

Saturday, 15 June 2019

Moody’s downgrades Turkey’s ratings to B1

Moody’s Investors Service has today downgraded the Government of Turkey’s long-term issuer ratings to B1  from Ba3 and has maintained the negative outlook. The senior unsecured bond ratings and senior unsecured shelf…