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Monday, 15 July 2019

Mitsotakis receives phone calls from Egypt’s el-Sisi, Venezuela’s Guaidó

New Greek Prime Minister Kyriakos Mitsotakis spoke by phone on Monday with Egyptian President Abdel Fattah el-Sisi, who congratulated him over his election victory last week, as well as with…

Belgian woman, 50, collapses, dies during trek through Crete gorge

The body of a 50-year-old Belgian woman, on holiday on the large island of Crete, was recovered from the Kapsa gorge in eastern Lasithi prefecture on Monday, after the holiday-maker…

NBA star shooter Jimmer Fredette signed by Panathinaikos

NBA shooting guard Jimmer Fredette was signed by Greek basketball powerhouse Panathinaikos BC on a two-year contract, the club announced on Monday. The 30-year Fredette has five seasons of NBA…

Staikouras-Regling meeting: FinMin press release cites talks on Greek economy, commitments to creditors, new govt’s priorities

A meeting between visiting ESM Managing Director Klaus Regling and new Greek Finance Minister Christos Staikouras was held in a “positive climate”, a press release by the same ministry stated…

Greece to issue 7-year bond in coming period

The Greek finance ministry on Monday announced the issuance of a 7-year Greek state bond, with the target being to cover the annual goal for draining capital from markets by…

Latest tender for PPC lignite units declared null, void

Another international tender for Public Power Corp.’s (PPC) lignite-fired units (three power stations and a final license for the operation of a fourth) was declared null and void on Monday,…

New Greek govt announces urgent for migrant-refugee crisis

The new conservative Greek government on Monday announced immediate measures aimed to ameliorate the effects of the still ongoing migrant/refugee crisis affecting the SE European country, especially a prompt and…

ESM head Regling in Athens on Mon. for closely watched meeting

A close-watched meeting will come on Monday afternoon in Athens between ESM Managing Director Klaus Regling and new Greek Finance Minister Christos Staikouras, this first time the head of the…

CNBC: Former Greek FinMin Tsakalotos a candidate for IMF top spot

Former Greek finance minister Euclid Tsakalotos is reportedly included amongst the very high-profile candidate for a new managing director of the International Monetary Fund (IMF) according to a report on…

Friday, 12 July 2019

Athens-Piraeus again in ‘top 10’ in terms of global shipping hubs

By L. Karageorgos [email protected] The Athens-Piraeus area has returned to the world’s top 10 shipping hubs, according to a recent study by Baltic Exchange. The Greek capital bumped Korea’s Pusan…

Previous govt’s top judicial appointments null, as president returns decrees unsigned

The legal department of the Greek president’s office has reportedly returned two presidential decrees appointing a new Supreme Court president and chief prosecutor back to the new government, unsigned. The…

Piraeus Bank: Talks over strategic cooperation with major Asian-Pacific lender in shipping finance sector

Athens-based Piraeus Bank on Friday announced that it is exploring the prospect of a strategic partnership with a major Asian Pacific financial conglomerate to provide financing solutions to Greek shipping…

BoG Gov Stournaras: End of capital controls in sight; missed fiscal target for 2019

Bank of Greece (BoG) Gov. Yannis Stournaras on Friday more-or-less confirmed widespread consensus in Athens, over the recent period, that remaining capital controls will be quickly scrapped, especially in case…

Greece recognizes Guaidó as acting president of Venezuela

Greece on Friday joined most of its EU partners in recognizing Juan Guaidó, the president of Venezuela’s National Assembly, as the South American nation’s acting president. The decision comes days…

Prof. Michalis Argyrou to represent Greece at Euro Working Group

Prof. Michalis Argyrou has been appointed as the chairman of the Council of Economic Advisers (SOE), the advisory body to Greece’s finance ministry. Argyrou will also represent Greece at the…

Ellaktor in talks with systemic banks over loan restructuring

By T. Igoumenidi [email protected] The Ellaktor construction company is in negotiations with all four of Greece’s systemic banks to restructure its loan portfolio, with top management briefing shareholders at Thursday…

New Greek PM visits education ministry in symbolic first meeting

Greek Prime Minister Kyriakos Mitsotakis arrived at the education ministry on Friday morning, choosing the specific ministry in a symbolic move. The visit was scheduled for the previous day, but…

Thursday, 11 July 2019

Anti-state protesters attack Acropolis-area police precinct after anti-AirBnB rally

Self-styled anarchists attacked the police precinct in the Acropolis area on Thursday evening by throwing stones and other objects, following a protest march in the area district again short-term property…

Mitsotakis to BBC: Challenge is to achieve strong growth with social justice

New Greek Prime Minister Kyriakos Mitsotakis’ first interview to a foreign media outlet was aired on Thursday, and specifically to BBC’s HARDtalk, with the center-right political leader reiterating that his…

E-real estate network head: AirBnB effect in Athens now benefitting outlying inner city district

By T. Igoumenidi [email protected] A local real estate association president told “N” this week that the latest short-term property leasing trend in the greater Athens area, the so-called “AirBnB phenomenon”,…

Weather-related fatalities in northern Greece; six victims reported

Halkidiki prefecture, northern Greece’s pre-eminent tourism destination, was declared in a state of emergency on Thursday, in the wake of last evening’s widespread destruction from a particularly intense storm front,…

Wednesday, 10 July 2019

Νew Starbucks outlet in heart of Athens – Syntagma Square

Starbucks’ newest outlet in Greece opened on Tuesday off iconic Syntagma Square, Athens’ premier plaza, across from Parliament and the Tomb of the Unknown Soldier. The cafe is located in…

Govt: Immediate tabling of bill to accelerate process for massive Helleniko privatization

The new Mitsotakis government on Wednesday afternoon announced the tabling of draft legislation – once the new Parliament convenes – to accelerate the process for the now stalled Helleniko privatization…

Well-known squat of closed Athens hotel abruptly ended

One of the more emblematic “squats” in downtown Athens, the closed City Plaza hotel, abruptly ended on Wednesday afternoon, as the squatters up and left after three years without any…

PPC CEO tenders resignation, will remain in post until govt appoints successor

The president and CEO of Public Power Corp., the state-run and dominant electricity provider in Greece, resigned on Wednesday, with the relevant minister requesting that the executive remain in his…

Commission slightly revises, downward, forecast for 2019 Greek GDP growth, at 2.1%; IOBE points to 1.8%

By N. Bellos [email protected] The EU Commission’s summer report has the Greek economy continuing to growth at a higher rate than the EU average, although warning that the recovering is…

Mitsotakis at inaugural Cabinet meeting: Ministries must meet 6-mo targets

New Greek Prime Minister Kyriakos Mitsotakis reiterated on Wednesday, speaking at the first Cabinet meeting of his majority government, that Parliament will remain open over the summer, with one of…

Public order minister’s first act is to request police leadership’s resignation

New Citizen Protection Minister Michalis Chrisochoidis, who again assumed the sensitive public order portfolio after more than 15 years, on Tuesday cashiered the leadership of Greek Police (EL.AS) hours after…

Govt sources: Ministers tasked with meeting specific 6-mo targets; no hiring of relatives

The first unofficial “spin” by government sources on Tuesday referred to “strict conditions” that will be unveiled by new Prime Minister Kyriakos Mitsotakis for ministers and deputies ministers, with the…

Mitsotakis receives congratulations from Trump

New Greek Prime Minister Kyriakos Mitsotakis spoke by phone with US President Donald Trump on Tuesday evening, local time, with the latter conveying his congratulations over the former’s election victory…