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Monday, 15 April 2019

Greek PM rules out implementation of already pre-legislated austerity measure

Greek Prime Minister Alexis Tsipras ruled out the implementation of an already pre-legislated austerity measure, namely, the lowering of the annual tax-free income threshold, which is set to come on…

Tsipras, Mitsotakis express sorrow over devastating Notre Dame fire

Greek PM Alexis Tsipras joined international leaders on Monday evening in conveying his deep sorrow over the devastating fire at the landmark Notre Dame Cathedral in Paris. In a Greek-language…

Light quake east of Rhodes

A light quake measuring 4.5 on the Richter scale was recorded at 19.42 (17.42 GMT) on Monday east of Rhodes, in southwest Turkey. According to the EuroMed Institute, the quake…

More than 7K lightning strikes throughout Greece on Mon.; intense hail storm over greater Athens

The National Observatory of Athens’ Zeus system recorded more than 11,000 lightning strikes throughout Greece on Monday, up until 19.00 (17.00), including roughly 700 in the greater Athens area. The…

New orders by Greek shipping ease in Q1 2019; LNG carriers the exception, with 13 new vessels ordered

By L. Karageorgos [email protected] Greek shipping interests and shipowners placed 2.24 billion USD worth of new orders in the first quarter of 2019, although the figure is less than the…

Tsipras promises to exhaust 4-year term; Athens gained maximum benefit from Prespa agreement

Greek Prime Minister Alexis Tsipras on Monday evening reiterated that he’ll insist on serving out his entire four-year term, and then some, i.e. up until mid-October 2019. Appearing in the…

Greek state posts 1.46 bln€ primary budget surplus in Q1 2019

The Greek central government’s primary budget surplus in the first quarter of 2019 reached 1.46 billion euros, far exceeding a target of a 960 budget deficit for the same period,…

Govt points to second half of 2020 for inaugural int’l tender eyeing floating wind farms/parks

By K. Deligiannis  [email protected] The first-ever international tender to install floating wind farms/parks in Greek waters is now apparently on the horizon, with a relevant energy ministry general secretary pointing…

Sunday, 14 April 2019

Ex-FM Kotzias insists on Parliament vote to lift immunity of former DM Kammenos

A bitter feud between one-time co-Cabinet members in the current Tsipras government, former foreign minister Nikos Kotzias and former defense minister Panos Kammenos, shows no signs of evaporating, as the…

Opinion poll results give Patoulis double-digit percentage point over incumbent Dourou

One of the first major opinion polls for the upcoming regional government election in the greater Athens area has the outgoing mayor of the municipality of Maroussi, Giorgos Patoulis, leading…

Greece-Cyprus-Jordan tripartite meeting in Amman

Tripartite cooperation between Greece, Cyprus and Jordan aims at boosting the prospects of peace and cooperation in the east Mediterranean, Greek Prime Minister Alexis Tsipras said on Sunday from Amman,…

Saturday, 13 April 2019

IMF ‘satisfied’ with Greece’s intent to pay off portion of loans early

The IMF’s leadership on Friday expressed approval and “satisfaction” with a request by Greece to pre-pay between 3.5 and four billion euros in loans extended by the Fund as part…

Friday, 12 April 2019

Greek-Egyptian naval exercise off Alexandria, with Cypriot participation

A joint Greek-Egyptian naval exercise, code-named “Medusa 8”, will commence on April 13 in the sea region off Alexandria, and with the participation of military assets from the Republic of…

High investors’ interest continues to push Greek 10y bond yield down

The yield for Greece’s closely watched 10-year bond again eased on Friday, dropping to levels not seen since the summer of 2005, as investors’ interest in sovereign debt continues to…

Statistical authority: Marginally hike in bankruptcies in Greece in 2017

Bankruptcies in Greece were marginally higher in 2017 from 2016, by 2.7 percent, according to the Greek statistics authority (EL.STAT). In absolute figures, 114 court-sanctioned bankruptcies were reported in 2017,…

Court rejects motion for release on bail for ‘Mr. Bitcoin’

A three-justice misdemeanor court in the port of Piraeus on Thursday rejected a motion by Russian national Alexander Vinnik to be released on bail. The 39-year-old Vinnik, dubbed “Mr. Bitcoin”…

First two PPC orders for LNG approved for July

By K. Deligiannis  [email protected] State-run Public Power Corp. (PPC) is ready to place its first-ever orders for liquefied natural gas (LNG) over the summer from the Revythoussa isle terminal off…

Thursday, 11 April 2019

‘Green light’ by govt council to transform terminal, 2 silos into luxury hotels at port of Piraeus

Days after a shocking decision by a culture ministry-affiliated council to declare roughly half of the Piraeus Port Authority (PPA) as an area of “archaeological interest”, another state council on…

BoG Gov. Stournaras details objections to central bank’s regulatory authority over proposed development bank

Bank of Greece (BoG) Yannis Stournaras on Thursday tabled his objections, in writing, no less, to a relevant Parliament committee where a draft bill on creating a state-run development bank…

Reports: Tsipras called for longer extension for Brexit process

Greek Prime Minister Alexis Tsipras reportedly expressed support for a “longer extension” in the Brexit process, namely, until March 2020, according to government sources a day after Wednesday’s EU summit…

Gov’t Oks 630K euros for film by Costa-Gavras based on Varoufakis best-seller ‘Adults in the Room’; sharp reax

A state grant of 629,561 euros to partially finance a film based on a best-selling book by former Greek finance minister Yannis Varoufakis raised eyebrows in Athens this week. The…

Term for top prosecutor overseeing controversial Novartis probe renewed for 2 years

A majority of top jurists in the country on Thursday renewed the term of the head of the anti-corruption prosecutor’s office, by a vote of eight to three, with those…

Alleged ‘Mr. Bitcoin’ in Greek court on Thursday to press for release; Vinnik wants to face charges in Russia

A 39-year-old Russian national known as “Mr. Bitcoin” was transferred by ambulance on Thursday to a Piraeus courthouse to hear his motion for release from remand. Alexander Vinnik has been…

Police raid of three building occupations in Exarchia district

A major law enforcement operation took place after dawn on Thursday in the central Athens neighborhood of Exarchia, roughly a week after eight coast guard officers and an accompanying prosecutor…

Wednesday, 10 April 2019

Fraport Greece reports 8.2% rise in passenger traffic at its 14 regional airports for Q1 2019

Fraport Greece reported rising passenger figures in the first quarter of 2019 at the 14 regional airports around the countries that it manages. According to the Greek subsidiary of Germany-based…

OECD study: Greek middle-classes lost an average of 6% in annual income during crises years

A new global study by the Organisation for Economic Co-operation and Development (OECD), released on Wednesday, shows that middle-class incomes in crisis-battered Greece for households hover from nearly 8,000 euros…

Govt: draft bill foreseeing 120-payment installment plan for tax, social security arrears ready this month

By T. Tsiros [email protected] The government is pointing to this month for the tabling of a draft amendment foreseeing a 120-payment installment plan for taxpayers and businesses to cover arrears…

Former Potami MP resigns Parliament, joins ND’s candidates for Europarliament; ridicules ‘Kountoura’ law

Greek political parties were finalizing candidate lists this week for the upcoming May European Parliament elections, with one noteworthy Parliament MP, Giorgos Amiras, resigning his seat on Wednesday for what,…

Draft bill foresees cut in interest rate for state’s arrears to private sector

The government on Wednesday tabled a draft provision in Parliament envisioning a lower interest rates for the state’s arrears to the private sector, from 6 to 3 percent. The interest…

Draft law by 2 US senators includes lift on ban of US arms to Cyprus; monitoring of Turkish violations in Aegean, east Med

Two influential US senators this week unveiled legislation calling for a lifting of a ban on the sale of American weapons systems to Cyprus and also mandating that the US…