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Wednesday, 29 May 2019

Opposition reaction to prospect of new top judicial officials days before snap election

The prospect of the now “lame duck” Tsipras government nominating and then ratifying – via its slim Parliament majority – candidates for the country’s top judicial posts ignited a firestorm…

Tuesday, 28 May 2019

Early elex in Greece on July 7

A government spokesman in Athens on Tuesday announced that early elections will be held on July 7, a Sunday.…

Greek central banker support for private sector involvement in pension system; Tsipras govt angrily reacts

Bank of Greece (BoG) Gov.  Yannis Stournaras again made headlines – and again attracted the ire of the leftist Tsipras government – with his support for private sector involvement in…

Goldman Sachs: Snap elex in Greece, possible ND victory a positive event

The markets’ confidence in Greece has apparently received a distinct filip from the of snap elections in the country, as Greek Prime Minister Alexis Tsipras announced his resignation and the…

Varoufakis’ party risks losing single MEP seat for Greece, as final elex tally nears

Yanis Varoufakis’ MeRA25 party – known throughout western Europe as the Diem25 movement – appears exactly at 3-percent threshold (of valid votes) required for representation in the European Parliament, two…

Decisions, actions for all-important privatizations now expected after snap elex in Greece

By F. Zois [email protected] A handful of decisions and pending actions related to all-important privatizations in thrice bailed-out Greece must now await snap elections in the country – which will…

Monday, 27 May 2019

Snap election announcement greeted with vigorous rally on ATHEX, shrinking of 10-year bond yield on Mon.

Investors were “bullish” on Monday at the Athens Stock Exchange (ATHEX), while the yield for the 10-year Greek bond also fell more than 30 basis points in one session, nearly…

Diem25’s entry into Europarliament, with MEP from Greece, down to the wire

Counting of ballots was still ongoing on Monday in Greece’s European Parliament election, held a day earlier, with Yanis Varoufakis’ Diem25 party (Mera25) hovering at the 3-percentage point mark –…

Tsipras, in first day towards snap elex: ‘We received voters’ message of dissatisfaction’

A solemn-looking Alexis Tsipras told ruling party cadres on Monday afternoon that “we received voters’ message of dissatisfaction”, referring to the previous day’s European Parliament election results, which showed his…

Primary budget surplus of 1.4 bln€ in April 2019

The Greek state posted a primary budget surplus of 1.463 billion euros in April 2019, up from a 670-million-euro deficit target, and compared to a 1.8-billion-euro primary budget surplus in…

Deadline to submit bids for PPC lignite-fired units bumped to July 15

ATHEX-listed Public Power Corp. (PPC) on Monday announced that, following communication with the relevant ministry, a deadline by interested parties for submitting bids for the purchase of 3+1 lignite-fired power…

Major shake-up at top, bottom of Greece’s political spectrum – Successful debut by Varoufakis’ party; switch of right-wing parties

Sunday’s European Parliament elections witnessed a change at the top and bottom of the political spectrum in Greece, as center-right New Democracy (ND) handily defeated hard left SYRIZA, whereas a…

Difference between ND, SYRIZA at 9.5% points with 75% of Europarliament vote counted

The difference between main opposition New Democracy (ND) party and ruling SYRIZA stood at 9.5 percentage points on Monday morning, hours after Greek Prime Minister and SYRIZA president announced a…

Sunday, 26 May 2019

Greek PM Tsipras declares snap general election after Europarliament, local govt defeat

Greek Prime Minister Alexis Tsipras late Sunday evening said he will declare snap elections for next month, in June, hours after his hard left SYRIZA party suffered a convincing defeat…

Mitsotakis calls for Tsipras govt resignation, snap elex immediately – in wake of Europarliament results

Main opposition leader Kyriakos Mitsotakis, as widely expected, called for the resignation of the Tsipras government and the immediate declaration of snap elections in Greece, as his center-right New Democracy…

100% of exit polls in Greece show 8.5%-point lead for ND over SYRIZA; other estimate at 9 points

Final results, at least from exit polls, show an 8.5-percentage point lead for main opposition New Democracy (ND) party against second-place SYRIZA, the ruling party. The results were released by…

Bloomberg refers to possibility of snap elex in Greece following SYRIZA defeat

Bloomberg’s first dispatch from Greece on Sunday evening, after polling stations closed for the European Parliament and local elections, underlined the fact that leftist Alexis Tsipras has suffered his first…

Europarliament elex: Main opposition ND ahead of ruling SYRIZA in first exit poll results

Main opposition New Democracy (ND) is shown with a lead of around seven percentage points over ruling SYRIZA in the first exit poll results to be released after ballots closed…

Voting begins in Greece for Europarliament, local gov’t elections

Greek voters head to the ballot boxes on Sunday for the European Parliament election as well as the first round of municipal and regional government polls, the first time since…

Friday, 24 May 2019

Invel completeσ purchase of NBG’s property arm, Pangaea, in deal worth 1 bln€

By T. Igoumenidi [email protected] Invel on Thursday completed a purchase of a 32.7-percent stake of NBG Pangaea, Natoinal Bank of Greece’s (NBG) property holding and development subsidiary for a price…

Politico opinion poll: ND at 35.08%, SYRIZA at 26.49%

One of the last opinion poll results announced before a legal ban – in effect 24 hours before polling stations open for Sunday’s European Parliament election – on Friday shows…

Tsipras leaves open possibility of snap elex in case of European Parliament loss

Greek Prime Minister Alexis Tsipras on Friday morning indirectly cited the possibility of a snap election, essentially for the first time during his more than four-year tenure – during an…

Lonely Planet cites hidden ‘gems’ amongst Greece’s numerous isles, such as Karpathos and Tilos

Lonely Planet refers to hidden “gems” in Greek seas, in its latest article on the east Mediterranean country’s numerous islands.  The well-known travel guide book publisher and site points to…

Thursday, 23 May 2019

Tsipras promises a 50€ hike in monthly pension rates for all, but in 2020, after general election

Greek Prime Minister Alexis Tsipras on Thursday evening pointed to an increase of 50 euros next year – a period after general elections must be held – in a latest…

7-percentage point lead for ND over SYRIZA in Thurs. poll – elex on Sun.

Opinion polls are being released two-by-two this week in the run-up to Sunday’s European Parliament election in Greece, with poll-leading New Democracy (ND) pointing to a referendum on the Tsipras…

Seanergy Maritime Holdings announces share capital hike of 20.5 mln$

Seanergy Maritime Holdings Corp. on Thursday announced a successful share capital increase of 20.5 million USD, with the issuance of 4.2 million new shares via a public offering, and 1.823.529…

Would-be investors again provided details in PPC’s updated business plan

By K. Deligiannis  [email protected] Debt-swamped Public Power Corp.’s (PPC) updated business plan calls for a return to “black ink” by the end the next decade, with a return to profitability…

High court overturns rejection of convicted terrorist’s furlough request; another council to decide

A Supreme Court criminal board of appeal on Thursday overturned local judicial council’s decision to reject a furlough request by a notorious urban terrorist serving 11 life sentences for an…

Titan cement group reports 12%-increase in Q1 turnover; slugging EBITDA

Titan Group on Thursday announced a 12-percent increase in turnover for Q1 2019, compared to the same period in 2018, although the development had only a marginal impact on EBITDA,…

Wednesday, 22 May 2019

Latest poll shows slight increase in ND lead over SYRIZA, at 7.2%-points

The latest opinion poll ahead of Sunday’s European Parliament election has main opposition New Democracy (ND) fielding a 7.2-percentage point lead over ruling SYRIZA, up 0.5 percentage points from the…