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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…

Handelsblatt: Tsipras govt may face ‘sanctions’ by European creditors over abruptly announced relief measures

Handelsblatt on Wednesday cited “heightened opposition” on the part of institutional creditors to an abruptly announced “relief” package by Greek Prime Minister Alexis Tsipras last week, less than a month…

Spyros Kapralos expected to be Greece’s next IOC representative

The International Olympic Committee (IOC) executive board on Wednesday proposed that Greece’s Hellenic Olympic Committee President, Spyros Kapralos, be nominated and approved as an IOC member representing Greece. The IOC’s…

A single arrest made in wake of vandals’ attack on Parliament bldg.

Α sole 36-year-old man was led before an Athens prosecutor on Wednesday on a felony charge stemming from the defacing of Parliament’s main facade a day earlier, when up to…

Thousands of applications filed in first 2 days of e-platforms to settle tax, social security arrears

More than 13,000 applications – by individual taxpayers and businesses – had been received by Wednesday on a new electronic platform set up as part of a program to cover…

Tenders for services at Alexandroupolis, Kavala ports delayed

By V. Vegiri [email protected] Two international tenders for service concessions at the ports of Alexandroupolis and Kavala – but not for the outright management of the state-run port authorities –…

Trainose disqualified from tender for Thriasio II project

FS-owned and managed Trainose, the previously state-run rail operator in Greece, has been disqualified from an international tender for a Freight Railway Station and Marshalling Yard (Thriasio II) within the…

MEP criticizes govt for not participating in joint RescEU program to fight natural disasters

The Tsipras government’s decision not to participate in a joint EU fleet of fire-fighting planes tasked with combating wildfires in the Union caused stepped up reactions in Greece this week.…

PwC: Value of approved, but unfinished infrastructure projects in Greece valued at 25 bln€

Uncompleted infrastructure projects in Greece are valued at 25 billion euros, according to the annual PwC study on the specific sector, which includes transports, energy, tourism projects, irrigation and the…

Greek PM in Bulgaria on Wed. for event marking beginning of IGB pipeline

Greek Prime Minister Alexis Tsipras will travel to the southern Bulgaria town of Kirkovo on Wednesday to join his Bulgarian counterpart, Boris Borisov, in inaugurating the construction phase of the…

Tuesday, 21 May 2019

First pair of Greek F-16s test systems compatibility in North Macedonia’s airspace

A pair of Hellenic Air Force F-16s conducted a first flight in the airspace of neighboring North Macedonia, according to media in the country. The flights are related to a…

Nearly 2K applications in first day of e-platform fielding applications to settle arrears to tax bureau

Roughly 3,000 applications were filed on Tuesday via a new e-platform by taxpayers wishing to settle arrears to the Greek tax bureau, on the first day of its operation. Nearly…

Anarchist protesters deface Parliament bldg in latest action linked to denied prison furlough for jailed terrorist

A notorious self-styled “anarchist collective” struck again on Tuesday, this time reaching close enough to lob paint “bombs” at the Parliament building in central Athens – ostensibly one of the…

ΟΕCD: Pre-election measures by Tsipras govt may undermine Greece’s fiscal credibility

The OECD issued its own “warning bell” on Tuesday, a day after Fitch ratings expressed its concern, over the possibility of a fiscal “hiccup” by Greece in 2019, in touching…

Light quake, 4.4 on R scale, recorded off SW Greece

A light earthquake, measuring 4.4 on the Richter scale, was recorded at 11:58 a.m. (09.58 GMT), with an epicenter some 10 kilometers west of the western Peloponnese harbor town of…

Study details Greek borrowers’ characteristics before, after econ crisis

Two general examples of borrowers have emerged during the bailout era in Greece, the first aged between 40 to 59 years old, in most cases a wage-earner and owner of…

Monday, 20 May 2019

Olympiacos basketball team’s ‘no show’ against Panathinaikos on Mon. may cost it relegation

The Olympiacos BC team failed to show up on Monday for the first game of a playoff series against arch-rivals Panathinaikos BC, as the team’s owners and management had promised…

Athens improved, but still in low 34th place on Deutsche Bank’s quality of life index

An annual Deutsche Bank survey shows the quality of life index for Athens still lacking, compared to other European metropolises, but nevertheless improved from recent years. The survey gauges remuneration…

High court upholds first bailout-era decision to axe ’13th’, ’14th’ salaries for wider public sector employees

A plenary session of Greece’s Council of State (CoS), the highest administrative court in the country, has reportedly upheld past government decisions to abolish two extra monthly payments for civil…

HFSF, BoG plans to reduce Greek banks’ bad debts’ delayed by Euro-elex, complicated approval process

By E. Sakellari [email protected] European Parliament elections along with detailed “Eurocratic” procedures have delayed approval of two crucial framework plans, one designed by the Hellenic Financial Stability Fund (HFSF) and…