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Thursday, 09 May 2019

PM takes to FB to deny claims related to his late father

Greek Prime Minister Alexis Tsipras took to Facebook on Thursday to categorically deny that his late father, Pavlos, was friendly with and benefitted, as a construction contractor, from the military…

IMF rep for Greece: Economy recoverying, growth still feeble for country exiting bailouts

The first, official, reaction by creditors to Greek Prime Minister Alexis Tsipras’ abrupt announcement of tax breaks, VAT reductions and a partial restoration of at least pension benefit came on…

Wednesday, 08 May 2019

Russian envoy in Athens: S-400 anti-aircraft system in Turkey not a threat to Greece

Russia’s ambassador in Athens on Monday said the scheduled delivery and installation of the Russian-made S-400 anti-aircraft system in neighboring Turkey is not a threat to Greece. Speaking to the…

Commission forecasts for Greek GDP growth slightly down from Feb. projections

The Commission’s spring forecast for the course of the Greek economy are moving slightly lower than the immediately previous forecast, primarily affected by a slowdown in the overall European economy.…

Creditors: Tuesday’s pre-election tax, pension package by Tsipras will be assessed

Greece’s institutional creditors, mostly European and Eurozone partners, on Wednesday replied that abruptly announced tax breaks, VAT reductions, a partial restoration of a “13th pension” and post-2020 relief measures –…

Press report: Widow of shipowner on whose yacht PM spend undeclared vacation being proposed as IOC delegate

Press reports on Wednesday claimed that the widow of a late shipowner, on whose luxury yacht Greek Prime Minister Alexis Tsipras spent an undeclared family vacation last August, has been…

Bloomberg: Athens wants to lower fiscal target for 2020-22

Bloomberg on Wednesday pointed to a Greek government initiative to persuade institutional creditors to allow a lowering of the target for an annual primary budget surplus – as a percentage…

Tuesday, 07 May 2019

ND on abruptly unveiled tax relief plan: Pledges for 2020 not worthy of a comment as Tsipras won’t be premier in a few months

The first reaction by main opposition New Democracy (ND) party to Tuesday afternoon’s unexpected announcement, by the Greek prime minister himself, of tax breaks and a partial restoration of a…

Greek PM abrupty reverses part of 2017 ‘tax tsunami’; cites breaks, ’13th pension’, lower VAT – weeks before Europarliament elex

Greek Prime Minister Alexis Tsipras abruptly took to the airwaves on Tuesday afternoon to announce a package of tax breaks, pension hikes and lower VAT rates, flanked by a handful…

Church of Greece Primate visits hospital treating child critically injured by stray bullet

The influential head of the Greek Church on Tuesday visited the intensive care unit of an Athens children’s hospital for a briefing on the condition of an eight-year-old girl critically…

Fiscal issues to dominate review talks between creditors, Greek govt; latter wants to exploit next 4-year ‘fiscal space’

By T. Tsiros [email protected] Fiscal issues will dominate talks in Athens on Tuesday between representatives of Greece’s European creditors and top Greek government ministers and officials, as auditors arrived in…

Convicted N17 terrorist hospitalized after 5 days of hunger strike

Convicted urban terrorist Dimitris Koufodinas was transferred to a Volos-area hospital on Monday evening, five days into a hunger strike in demand for the approval of another prison furlough. The…

Securization of PPC arrears, between 1 to 1.5 bln€, expected by Sept. 2019

By K. Deligiannis  [email protected] A plan to securitize Public Power Corp.’s (PPC) arrears, a process by which Greece’s dominant electricity utility hopes to raise at least 300 million euros, will…

Political furor abruptly arises over Greek PM’s unannounced yacht vacation in Aug. 2018; weeks after deadly wildfire

The latest political furor swirling around the beleaguered Tsipras government, with European Parliament elections at the end of the month, emerged early Monday morning, after a well-known local news radio…

Monday, 06 May 2019

Appellate court upholds conviction, reduces life sentences against pair convicted in Pakistani migrant’s murder

A mixed justice-juror appellate court in Athens on Monday reduce the previous life sentences handed down against two local men for the murder of a Pakistani migrant worker in January…

PPC CEO, minister attempt to deflect concern over utility’s fate, following 2018 losses exceeding half a billion euros

The more than half a billion euros in damages reported by Greece’s dominant electricity utility, ATHEX-listed and state-controlled Public Power Corp. (PPC), continued to cause reverberations across the country’s political…

Tsipras govt officially submits vote of confidence to Parliament in reax to censure motion against minister

The hard left Tsipras government on Monday officially submitted a vote of confidence measure in Parliament, following main opposition New Democracy (ND) threatened and ultimately tabled censure motion against controversial…

Gov’t decision orders football cup final without fans on May 11

Greece’s lackluster pro football league suffered yet another depreciation on Monday, following a decision by the relevant deputy sports minister on Monday to hold the cup final on May 11…

Union of justices-prosecutors angrily reacts to perceived threats over issue of furlough for convicted N17 terrorist

Greece’s union of justices and prosecutors on Monday issued a scathing announcement in reaction to a FB post by a user viewed as containing threats against a trio of judicial…

Initial estimate: Greece surpasses Hong Kong in global tourism ranking; 13th worldwide

By L. Karageorgos [email protected] Greece is reportedly edging close to the global ‘Top 10’ in terms of international tourism destinations, following a record-breaking arrivals performance for 2018. Despite the fact…

Aging Greek coastal shipping fleet will need renewal in next decade

By L. Karageorgos [email protected] While Greece’s coastal fleet is desperately in need of renewal, several European companies have turned to the continent’s and Asian shipyards for new vessels, especially ones…

Reports: Further easing of capital controls discussed, just short of full abolition

By E. Sakellari [email protected] A further easing of capital controls in Greece was reportedly the object of talks two weeks ago between systemic banks and Bank of Greece officials, according…

Sunday, 05 May 2019

Binding phase for 2 int’l tenders related to FSRU off Alexandroupolis this month

By K. Deligiannis & L. Karageorgos   The binding phase of two international tenders by Gastrade for the construction and operation of a floating storage and regasification unit (FSRU) off…

Long-awaited bill on installment plan for arrears to tax bureau, funds, municipalities set for tabling on Mon.

By T. Tsiros [email protected] A long-awaited omnibus bill that will include the provisions for an installment plan – of up to 120 months under certain circumstances – to cover arrears…

Saturday, 04 May 2019

New tourism minister appointed; out-of-Parliament leader of tiny center-left party tapped

The head of a tiny center-left party whose president bolted from the Kinima Allagis political formation, which is mostly dominated by the once-formidable PASOK party, is the new tourism minister…

Friday, 03 May 2019

Tabled amendment essentially outlaws Uber-type apps in Greece

A tabled amendment by the transport ministry this week essentially outlaws most multinational ride-sharing and cab-hailing applications in Greece, such as the controversial giant Uber and the Greek-invented passenger-to-driver locator…

Minimum monthly wage scale for fast food sector in Greece increased to between 655 to 940€, gross

By S. Papapetros [email protected] A three-member committee of Greece’s state-affiliated arbitration and mediation organization has issued a decision designating the minimum monthly wage scale for workers in the fast food…

Ex-minister Loverdos to answer questions over Novartis-related claims on May 30

Former health minister Andreas Loverdos has been granted a brief continuance and will testify before a relevant anti-corruption prosecutor on May 30 regarding allegations against him linked with the now…

Greece in ‘Top 5’ tourist destinations for 2019 in survey by Virtuoso travel site

Greece is among the top 5 destinations for the coming summer season in a survey by the Virtuoso travel site. The results come from the pre-bookings by the site’s users…

Kountoura resigns from Cabinet to concentrate on Europarliament elex; will retain Parliament seat

Tourism Minister Elena Kountoura on Friday resigned from the Cabinet in order – as she said in a resignation letter – to focus on the upcoming European Parliament election, where…