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Wednesday, 05 June 2019

Beleaguered Tsipras govt now eyes amendment to abolish pre-legislated reduction in tax-free income threshold

The leftist Tsipras government appears intent, following an announcement by the prime minister himself on Tuesday evening, on tabling a draft amendment in Parliament ahead of the July 7 snap…

Stagnant consumer spending causes lower than expected Greek GDP growth in Q1 2019

By T. Tsiros  [email protected] A modest increase in GDP growth in the first quarter of 2019 is apparently dampening hopes by the government for an annual hike for the year…

Greek state arrears to private sector drop in April; tax rebates owed rise, however

The state’s arrears to the private sector decreased by 119 million euros in April 2019, although outstanding tax rebates during the same month increased by 283 million euros. According to…

Tuesday, 04 June 2019

Pre-election season heating up, as Greek govt announces hiring of 10.5K teachers over next two years

The government, with just slightly more than a month to go before snap elections, on Tuesday announced the hiring of 10,500 teachers for public schools in the country of roughly…

Tsipras govt revisits issue of German war reparations; diplomatic note submitted to foreign ministry in Berlin

Athens on Tuesday revisited the issue of German reparations to Greece, with the foreign ministry saying the country’s ambassador to Berlin delivered a diplomatic note to the corresponding ministry, requesting…

Greek GDP growth rate at 1.3%, on annual basis, in Q1 2019

Greece’s GDP growth rate increased at a rate of 1.3 percent, on an annualized basis, in the first quarter of 2019, and 0.2 percent on a 3-month basis. According to…

Monday, 03 June 2019

Μitsotakis calls on voters to provide him, ND with strong mandate in July 7 elex

Main opposition New Democracy (ND) Kyriakos Mitsotakis called voters to give his center-right party a “strong mandate” to form a government and to implement its program, just more than a…

Deadline extended for application to settle arrears to tax bureau, via 120 instalments

Another deadline extension, this one dealing with an application for inclusion in a 120-instalment plan to cover arrears to the tax bureau, was announced on Monday, with the due date…

IOBE: Consumer, business confidence slightly up in May; negligible impact of campaign bonus by Tsipras govt

A slightly improved economic climate was recorded in Greece last month, compared with April 2019, with relevant consumer and business confidence indexes, nevertheless, still moving at a lower rates than…

Ex-high court prosecutor: Novartis probe an orchestrated attempt to smear political rivals

Α front-page story over the weekend added yet another “twist” to the ongoing legal and political quagmire revolving around a seemingly never-ending judicial investigation into allegations of kickbacks by Novartis’…

Deadline for submitting tax returns in Greece extended to July 29; 2.2 mln already filed

Greek tax authorities have extended the deadline for submitting returns – for fiscal 2018 – with the pushed back date being July 29. The new deadline affects individual taxpayers and…

Fraport AG issued highest dividend ever on back of profitability of int’l activities, especially Greece operations

By F. Zois [email protected] Fraport Group distributed the biggest-ever dividend in its history for 2018 on the back of a robust performance of its subsidiary in Greece, which manages 14…

Piraeus Bank finalizes agreement with Intrum for new Athens-based distress fund to manage NPLs, property

Piraeus Bank has finalized an agreement with Intrum to create a new Athens-based distress fund to manage NPL portfolios and manage real estate, with details emerging over the weekend. According…

Ιοannina set to elect first Greek-Jewish mayor in country’s post-WWII era

The first Jewish mayor of a municipality in Greece in the post-war period was elected on Sunday, as medical professor Moses Elisaf won a hotly contested race by a razor-thin…

Ruling SYRIZA candidates convincingly defeated in all major municipal races; Attica goes to ND

New Democracy-backed Costas Bakoyannis handily defeated ruling SYRIZA party’s candidate, Nasos Iliopoulos, in the Athens mayoral race during the second round of local government elections across the country on Sunday,…

Sunday, 02 June 2019

First reax by SYRIZA points to low voter turnout; ‘major battle comes with general election’

The first reaction, albeit unofficial, by ruling SYRIZA party in the wake of its disappointing performance during Sunday’s second round of municipal and regional government elections, with 12 out f…

Opinion poll coinciding with Sunday’s local govt elex keeps ND lead at 9% points over SYRIZA

Main opposition New Democracy (ND) is given a nine-percentage-point lead over ruling SYRIZA in a latest opinion poll released to coincide with the first results of Sunday’s second round of…

New Democracy posts another convincing victory in second round of municipal, regional govt elex

Eleven out of 13 regional government entities in Greece on Sunday have been won by candidates backed or affiliated with main opposition New Democracy (ND) party, painting the “political map”…

Saturday, 01 June 2019

Venizelos eyes exit from PASOK’s successor party; outgoing Athens mayor to top KINAL’s state deputies’ list

High-profile PASOK cadre Evangelos Venizelos, who’s served as a minister in several governments since the late 1990s and as the party’s president, appears headed towards an “exit” from PASOK’s successor…

Friday, 31 May 2019

First ‘Think Green’ vessel constructed in Greece; F/B set for Salamina-Perama route

The first “green” ferry boat on the Salamania-Perama route, which connects the eponymous island with the greater Athens area’s mainland across a narrow strait, is expected to begin service in…

Greece, North Macedonia to upgrade liaison offices in either country to embassy level

Greece and its newly christened neighbor, the Republic North Macedonia, on Friday took another major step towards normalizing bilateral relations – within the framework of the landmark Prespa agreement –…

Tsipras govt persists in appointing high court leadership even as snap elex set; firestorm of opposition

Members of the now beleaguered Tsipras government’s Cabinet on Friday afternoon approved the appointment of a new Supreme Court president and a high court chief prosecutor, ignoring an avalanche of…

BoG Gov. Stournaras: Post-crisis Eurozone banking system now much more resilient

Greek central banker Yannis Stournaras on Friday said the Euro-system’s actions over the past several years were, after all, quite successful in dealing with the acute crisis that emerged in…

Greek 10-year bond reaches historic low in Friday’s trading

The 10-year Greek bond fell beneath the 3-percent yield in trading on Friday, a historic low that comes days after ruling SYRIZA party suffered a convincing defeat in the European…

Tsipras govt appears set to appoint new top justices, even as snap elex looms on July 7

By G. Kampourakis [email protected] Greek Prime Minister Alexis Tsipras will convene a Cabinet meeting on Friday, set to begin at 1 p.m. local time, where, by all accounts, he will…

ATHEX rally this week after Europarliament results, declaration of snap election

By I. Zafolia [email protected] The general index at the Athens Stock Exchange (ATHEX) this week surpassed the 800-point mark after roughly a year, reaching 813.33. In the wake of the…

PPC tender for purchase of 130K cubic meters of LNG won by Shell

Public Power Corp. (PPC) on Thursday held a tender for the purchase of 130,000 cubic meters of LNG – corresponding to 880.00 thermal MWh – with five providers submitting bids…

Thursday, 30 May 2019

ND enjoys nearly 19%-point lead over ruling party in ballots cast by expatriates; prison precincts show SYRIZA dominance

Main opposition New Democracy enjoyed a comfortable difference from ruling SYRIZA in terms of expatriate Greeks’ vote in Sunday’s European Parliament election, with the center-right party garnering 33.89 percent compared…

Greek Maritime Golf Event at Costa Navarino next week

The fifth annual Greek Maritime Golf Event will take place at the Costa Navarino resort on June 8 and June 9. Teams are comprised of four international shipping executives each…

Iraqi man arrested in Athens as alleged ISIS terrorist; implicated in death of Yazidi girl who died of thirst in Mosul

An Iraqi national, 27, was arrested by police in central Athens on Thursday, who executed a European warrant issued by German authorities on terrorism charges against the man. The suspect…