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Friday, 28 June 2019

Largest ever haul of ‘captagon’ pills seized at Greek port

The largest ever haul of the amphetamine-type stimulant known as “Captagon” was recorded in Greece this week, with nearly 1.600 kilos of the drug – corresponding to more than 10…

Econ recovery, political developments cause ATHEX bank shares to skyrocket (92%) over last 6 mo.

By N. Stasinou [email protected]  The general index at the Athens Stock Exchange (ATHEX) continued its 2019 rally over the recent period, having gained 43 percent over the past sixth month,…

Nike sets up basketball hoop atop Mt. Olympus to shoot vid in honor of NBA MVP Antetokounmpo

Footwear and apparel giant Nike chose the summit of fabled Mount Olympus this week to honor 2018-19 NBA MVP Giannis Antetokounmpo, erecting a small basketball hoop on the top of…

Control of Creta Farm passes to one of two Domazakis brothers

By D. Alexaki [email protected]  Control of troubled luncheon meats producer Creta Farms has passed to one of its primary shareholders, Emmanuel Domazakis, following Thursday’s raucous extraordinary general assembly in the…

Last of Greece’s capital controls will reportedly be abolished in Sept.

By E. Sakellari [email protected] The abolition of all remaining capital control clauses – the ‘legacy’ of the first Tsipras’ government’s shambolic negotiations with creditors between February and June 2015 –…

Thursday, 27 June 2019

Latest poll gives ND a 9%-point lead over SYRIZA

The latest opinion poll in Greece, released on Thursday, has New Democracy (ND) party fielding a 9-percentage-point lead over incumbent SYRIZA, with less than two weeks left before the July…

WSJ article points to looming return of ‘establishment’ at Athens’ helm, loss for populists

The Wall Street Journal (WSJ) on Thursday posted an article on Greece’s upcoming general election headlined “Greece’s voters turn to establishment amid Europe’s populist wave”, with the author predicting an…

Some 180K Greek households expected to qualify for primary residence protection; Eurobank deal for NPL portfolio sale

By E. Sakellari [email protected]    Some 180,000 households in Greece burdened with delinquent mortgages are expected to achieve eligibility in primary residence protection scheme, of which some 50,000 are business…

Outgoing govt blocks Athens-area toll way rate hike by concessionaire; latter to seek legal redress

The outgoing government on Thursday issued a legislative order essentially forbidding a planned increase in rates in the greater Athens area’s sole tollway (Attiki Odos), following a recommendation by the…

Mitsotakis: Penal code revisions, elex code change and abolition of uni ‘asylum’ If ND elected

New Democracy (ND) leader Kyriakos Mitsotakis on Thursday morning “switched gears” and unveiled what he said will be his and his center-right’s priorities on the social front, a day after…

Lamda Development warns against last-minute ministerial decisions regarding delay-plagued Helleniko project

By T. Igoumenidi [email protected] A nascent “feud” between the international consortium that’s won a concession for the massive Helleniko property development in southeast Athens and the outgoing Tsipras government, given…

Wednesday, 26 June 2019

Cesme-Lavrio ferry route – linking western Turkey to Athens area – inaugurated on June 30

The  Cesme-to-Lavrio ferry boat route will be inaugurated on June 30, with the inaugural journey being served by the Panama-flagged “Kaunas”, with the vessel set to depart the western Turkish…

New framework for ‘Golden Visa’ bumped back after July 1, as 2 ministerial decisions remain unsigned

By S. Zisimos [email protected] Ubiquitous Greek bureaucracy is reportedly behind a delay in the implementation of a new framework for the so-called “Golden Visa” program, which grants long-term residency status…

Reports: Qualco the sole bidder in latest PPC tender for arrears collector

By K. Deligiannis [email protected]  Only a single bid was submitted in a new international tender issued by the Public Power Corp. (PPC), Greece’s dominant power supplier, for the hiring of…

Mitsotakis: First tax breaks for middle class, businesses as of Jan. 1, 2020

New Democracy (ND) Kyriakos Mitsotakis on Wednesday evening promised tax breaks as of Jan. 1, 2020 for taxpayers and businesses, if his center-right party wins the upcoming July 7 general…

Contracts for exploratory hydrocarbon drilling south, SW of Crete to be signed on Thur.

Contracts between the Greek state and consortium comprised of ExxonMobil (40 percent), Total (40 percent) and Hellenic Petroleum (20 percent) for exploratory drilling west and southwest of Crete will be…

Tianjin Port delegation in Piraeus, meets with chamber officials

A Chinese business delegation, led by the vice-president of the Tianjin Port company, Li Quaniyong, met on Tuesday with the president of the Piraeus Chamber of Commerce and Industry, Vassilis…

One of Creta Farm’s major shareholders reveals identity of would-be 15-mln€ investor

One of the main shareholders in major luncheon meats producer Creta Farms on Tuesday revealed the identity, as he said, of a prospective strategic investor in the Crete-based company, with…

Eurostat: Most basic consumer goods in Greece more expensive than EU average

The prices of most basic consumer goods in thrice bailed-out Greece, for 2018, were on average higher than the median price in the European Union, according to figures released this…

Tuesday, 25 June 2019

Costa Navarino cooperation with Bayern Munich for resort’s football camps

By L. Karageorgos [email protected] Costa Navarino, one of Greece’s pre-eminent resorts, this week announced a cooperation agreement with German powerhouse Bayern Munich, with members of the pro football club’s coaching…

Tsipras from Cyprus: Greece not alone, Turkey should cease violating int’l law

Greek Prime Minister Alexis Tsipras responded in quick order on Tuesday to the latest “saber-rattling” by Turkish President Recep Tayyip Erdogan, who dismissed Athens’ repeated protests over illegal Turkish drilling…

ND given double-digit percentage point lead in latest opinion poll

New Democracy (ND) continues to field a sizable lead, this time in double-digit percentage point “territory”, over SYRIZA in the latest opinion poll unveiled this week. The poll was conducted…

Reports point to possible OTE exit from Romania

By T. Igoumenidi [email protected] DT-managed OTE, the dominant state-run telephony utility in Greece and the former state-run monopoly, is reportedly studying the prospect of exiting the Romanian market, which it…

UBS report on Greek econ prospects mostly positive; points to 2020 of new president as key date

A UBS report on Monday, two weeks before a snap general election in Greece, points to next year’s selection for a new president of the republic – a vote involving…

Monday, 24 June 2019

No compromise on TV debate ahead of July 7 general election appears

No debate at all now appears as the most likely outcome of heated negotiations between political party representatives in Greece ahead of the July 7 general election, with each side…

Lawsuits by trio of top politicians implicated in never-ending Novartis probe reopened

A request by a deputy supreme court prosecutor to reopen lawsuits filed by a trio of top politicians implicated in the controversial – and still ongoing – Novartis kickbacks investigation…

Stepped up readiness in greater Athens area due to mini heat wave, high winds

Municipal authorities in the greater Athens area on Monday announced continued night-time patrols and readiness of water tankers, as southern Greece is experiencing a mini heat wave this week, accompanied…

High-profile meeting between Cosco delegation, Piraeus municipal govt on Fri. over Chinese multinational’s ambitious master plan

By A. Tsimplakis [email protected] The future of Cosco’s massive, by Greek standards, investment at the port of Piraeus was the focus of a high-profile and multi-party meeting on Friday at…

Mitsotakis: Yes to television debate, but with all main candidates present

New Democracy (ND) party leader Kyriakos Mitsotakis on Sunday reiterated that he’s in favor of a televised debate with other mainstream political leaders, ahead of the July 7 election, although…

Friday, 21 June 2019

Τest results show 97% of Greek waters fit for swimming in 2018

A whopping 97 percent of coastal waters in Greece in 2018 were considered as excellent for swimming, based on specifications listed in Community directive 2006/7, according to a press release…