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Thursday, 04 July 2019

Greek bond rally at record-breaking pace over last month

The yield for Greece’s 10-year bond dropped to as low as 2.03 percent, posting a record-breaking spiral of nearly 90 basis points only within the last month. The same product…

Final Pulse opinion poll before elex shows ND 36% to 28% for SYRIZA; majority of MPs for former

Results of 36 and 28 percent, respectively, are given to New Democracy (ND) and SYRIZA in a latest opinion poll unveiled on Thursday, a day before a ban against publishing…

Increasingly jittery Turkey revs up ‘saber-rattling’ against Cyprus

Another top member of an increasingly agitated Erdogan government on Thursday hurled more threats against the eastern Mediterranean island of Cyprus – one-third of which the Turkish military continues to…

Mitsotakis: ND win means immediate start of Helleniko project; Tsipras refers to behind-the-scenes ‘deal’

The stalled Helleniko privatization abruptly surfaced on the heated campaign trail this week, a day after joint ministerial decision was issued that included provisions bitterly opposed by the international consortium…

Ecumenical Patriarch visits Istanbul town hall to congratulate new mayor Imamoglu

Ecumenical Patriarch Bartholomew on Thursday visited the Istanbul town hall, where he was received and congratulated the Bosporus metropolis’ newly elected mayor, Ekrem İmamoğlu. In his comments, the “primus inter…

BoG Gov. cites 7 reasons why Greek econ crisis was more intense, lasted longer

Bank of Greece (BoG) Gov. Yannis Stournaras this week cited seven factors that he claims explain the intensity and duration of the Greek economic crisis over the entire ongoing second…

New ferry boat acquired by Attica Group, renamed ‘Blue Carrier 1’

By L. Karageorgos [email protected] Attica Group, the parent company of Blue Star Ferries, Hellenic Seaways and Superfast Ferries , this week announced that it has taken delivery of the ferry…

Wednesday, 03 July 2019

Tsipras: I told the truth to the Greek people; won’t step down after possible elex loss

By G. Kampourakis [email protected] Incumbent Greek Prime Minister Alexis Tsipras on Tuesday evening more-or-less ruled out the prospect of stepping down from the leadership of the left-wing SYRIZA party if…

Lamda Development on outgoing leftist govt’s ‘parting shot’: 4.5 years of mockery; investment now considered unsound

Athens-based Lamda Development on Wednesday angrily referred to “four-and-a-half years of mockery” by the outgoing Tsipras government, after being served with a ministerial decision incorporating culture ministry demands that the…

Cosco’s ambitious master plan for Piraeus Port Authority bumped for next govt’s approval

By A. Tsimplakis [email protected] Pending approval of Cosco’s ambitious 600-million-euro “extended” master plan for the Piraeus Port Authority will now be bumped to the next government to arise from Sunday’s…

Tuesday, 02 July 2019

Tsipras faces off with harshest media critic, Skai TV, during live appearance on prime-time newscast

Beleaguered incumbent Greek Prime Minister Alexis Tsipras on Tuesday sat for questions in the studio of his harshest media critic, Athens-based Skai TV, personally overturning an “embargo” against the outlet…

Greek DM from Herzliya Conference: Greece, Israel share common values, goals

Greek Defense Minister Evangelos Apostolakis addressed the high-profile Herzliya Conference in Israel this week, stressing that Greece and Israel share common values and goals, namely, to promote peace and stability in…

Local retailer Public to form new company with MediaMarktSaturn’s Greece subsidiary

A major deal in Greece’s electronic and white goods sector was announced on Tuesday, with the Olympia group – which owns the Public stores in Greece and Cyprus – to…

Latest snag in Helleniko privatization caused by culture ministry demand; last-ditch efforts by govt before elex fizzle

Βy. T. Igoumenidi [email protected] Bureaucratic obstacles and “nit-picking” continue to impede the commencement of the massive Helleniko privatization in coastal southeast Athens, with the culture ministry general secretary in the…

Trio of Antetokounmpo in Greek nat’l basketball team lineup for world championship in China

The year’s NBA MVP, Milwaukee Bucks power forward Giannis Antetokounmpo, will be in the Greek national men’s team lineup for the upcoming world championship in China, with his brothers, Thanassis…

Yield on 10-year Greek bond at record low ahead of expected ND elex victory

By N. Stasinou [email protected]  The yield for the benchmark 10-year Greek bond posted a spectacular decrease on Tuesday morning, slicing off 21 basis points to hover at 2.09 percent, a…

Monday, 01 July 2019

HFSF CEO Czurda to ‘N’: Corporate governance the barometer for Greek banks’ future

By C. Dogas [email protected] A series of initiatives to rapidly boost the institutional role of National Bank of Greece (NBG), with the aim of reasserting its presence in a competitive…

Mitsotakis from Samos: Immediate relief for east Aegean islands swamped by migrant crisis

Poll-leading New Democracy (ND) Kyriakos Mitsotakis on Monday promised that relieving a handful of Greek islands that have bore the brunt of the migrant crisis in the eastern Aegean over…

Greek, Chinese shipping interests top bulker transactions in 2019; tankers sector dominated by former

By A. Tsimplakis [email protected] Greek and Chinese shipping interests have dominated transactions for bulkers so far in 2019, with companies from either side involved in 130 out of the 237…

Justice minister categorically denies press reports claiming early release of N17 terrorists

Greece’s outgoing justice minister on Monday afternoon categorically denied a bevy of same-day press reports claiming that the country’s revised penal code will make it easier for inmates serving multiple…

Reports: Judicial council leaning towards rejecting N17 terrorist’s appeal for jail furlough

A first instance court judicial council in the central Greece city of Volos is reportedly recommending that an appeal by a convicted terrorist assassin for another prison furlough be denied,…

Greece sees rising competition from Med tourism destinations

By L. Karageorgos [email protected] Tourists arrivals throughout the Mediterranean this season are increased, compared to 2018, with Greece’s primary regional rivals recovering from previous disappointing years, including non-European destinations such…

Sklavenitis supermarket chain flatly denied press reports claims talks with French multinational

Greece-based supermarket chain Sklavenitis, the biggest domestically owned grocer in the country, on Monday categorically denied press reports claiming that it was in talks with a French multinational for the…

BoG monetary report: Greece will miss fiscal, growth targets for 2019

The Bank of Greece (BoG) on Monday again sent “shock waves” through the outgoing Tsipras government’s economic policy and ministers’ frayed nerves, this time warning that a recent and abrupt…

Sunday, 30 June 2019

PM Tsipras scraps ’embargo’ of harsh media critic, says he’ll personally appear on Skai TV to field questions

The outgoing government and up-to-now ruling SYRIZA party’s “embargo” against Athens-based Skai broadcaster – one of the most acerbic media critics of the former – was unceremoniously scrapped over the…

Mitsotakis: ND govt, if elected, will complete Skouries gold mine project, without cutting corners in terms of eco protection

New Democracy (ND) leader Kyriakos Mitsotakis on Sunday, speaking from the northern prefecture of Halkidiki, promised that his center-right party, if elected to government in the July 7 snap ballot,…

Weekend opinion poll projects slim to comfortable center-right ND Parliamentary majority

The latest opinion poll released over the weekend shows a continued comfortable lead for New Democracy (ND) party over incumbent ruling party SYRIZA, with the center-right party also polling even…

Seasonal northerly winds, the ‘Meltemia’, clock in at 106 kph in Karystos, southern Evia

The Aegean’s fabled summer winds, the gusty northerly “Meltemia”, reached gale force strength over the weekend, with the velocity in the southern Evia harbor town of Karystos reaching 106 kilometers…

Friday, 28 June 2019

Govt extends 120-mo installment plan to eligible businesses to cover arrears to state

The outgoing Tsipras government this week announced that it was including businesses with arrears to the state in a 120-month installment plan, similar to a recently unveiled framework for taxpayers…

PPC announces Q1 2019 losses of 205.1 mln€; utility counters that results do not include recent rebates of 121.2 mln€

The Public Power Corp. (PPC) on Friday reported first quarter 2019 losses of 205.1 million euros, after taxes, an increasingly poor performance by Greece’s dominant electricity utility. The state-run company…