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Friday, 03 May 2019

35% of applications for out-of-settlement of arrears accepted

Roughly 35 percent of the applications filed by businesses, self-employed professionals and farmers for inclusion in the out-of-court settlement of debts framework are approved, with the easy arithmetic meaning two-thirds…

Thursday, 02 May 2019

Latest poll shows 6%-point lead for ND over SYRIZA in Europarliament elex

Main opposition New Democracy (ND) party is given only a six-percentage-point lead over ruling SYRIZA in the latest opinion poll gauging voters’ preferences for the May 26 European parliament election,…

Convicted urban terrorists starts hunger strike after latest request for furlough denied

Greece’s most notorious convicted terrorist on Thursday announced a hunger strike, after being refused prison furlough for the second time in a row. Dimitris Koufodinas, convicted in multiple homicides for…

Volos attracting cruise ship arrivals

Cruiseship arrivals to the central Greece port city of Volos continued this week, with hundreds of passengers disembarking in the city. Among others, the “Crown Iris” docked in Volos on…

Markit PMI index reaches 19-year high in Greece for April 2019

Greece’s light manufacturing sector continued to post encouraging performances, with April 2019 reaching growth levels not seen since 2000. According to the IHS Markit survey, the increase in production and…

Εuro Working Group also Oks Greek request for early repayment of certain IMF loans

  The Εuro Working Group on Thursday, as expected, has provided the “green light” to a Greek government request,, submitted to the ESM, to pay off a portion of loans…

Mazda dealership deal for Greece with Sygelidis group

By G. Kanoupakis [email protected] Mazda this week announced a new dealership agreement with the Sygelidis group, as of next year. The latter is the long-time importer of Citroen and Peugeot…

Ecumenical Patriarch at Auschwitz for annual ‘March of the Living’, along with Greek delegation

Ecumenical Patriarch Bartholomew is in Poland this week on an official visit, where he is expected to participate in the annual “March of the Living” at the site of the…

ATHEX-listed companies’ turnover significantly up in 2018; if PPC excluded, net and operating profits also up

An initial evaluation for listed companies on the Athens Stock Exchange (ATHEX) of significantly higher turnover in 2018 has been confirmed, with results also improved, although the state-run Public Power…

Wednesday, 01 May 2019

Greek FinMin refers both reduction in taxes, ‘income redistribution’ in same interview

Greek Finance Minister Euclid Tsakalotos on Wednesday, May Day in Greece, attempted to navigate a political “tight rope” by acknowledging the need to reduce skyrocketing taxes in the country while…

Mitsotakis on May Day: SYRIZA gov’t has demolished Greek middle class

Main opposition New Democracy (ND) leader Kyriakos Mitsotakis used his May Day message on Wednesday to unequivocally deny that he’s in favor of abolishing the so-called “13th” and “14” salaries…

Tsipras on May Day: End of memorandums, which attacked labor

Greek Prime Minister Alexis Tsipras led the chorus of statements by political leaders on Wednesday, on the occasion of the May Day labor commemoration, which in Greece over recent decades…

Monday, 29 April 2019

Greek Cup finalists, AEK and PAOK, want fans during game

Both of the finalists in this year’s Greek cup final, outgoing champions AEK Athens and 2018-19 champions PAOK Thessaloniki want the game played before fans, club officials stated this week.…

Light quake near Lesvos

A light earthquake measuring 4.4 on the Richter scale was recorded at 20.02 (18.02 GMT) some 39 kilometers northwest of the eastern Aegean island of Lesvos. According to the European…

Bruegel Institute senior economist: Greece needs strong growth to exit memorandum cycle

Greece will only fully exit the bailout program and stand on its own two feet with robust economic recovery, Brussels-based Bruegel Institute senior economist Zsolt Darvas. In an interview with…

Light earthquake shakes Dodecanese island of Karpathos

An earthquake measuring 4.9 on the Richter scale was recorded at 07.43 a.m. some 64 kilometers east-southeast of the Dodecanese island of Karpathos on Monday morning. The location is nearly…

Arrests made in death of cameraman during fireworks ‘duel’; girl injured by stray bullet in critical condition

Seven suspects have been arrested in the southern Greek city of Kalamata in relation to the accidental death of a 53-year-old cameraman on Saturday evening, Holy Saturday before Easter Sunday,…

Saturday, 27 April 2019

PM Tsipras in Beijing: Greece wants to play crucial role in China’s ‘Belt & Road’ initiative

Greek Prime Minister Alexis Tsipras was highly laudatory of China’s ambitious “Belt & Road” initiative, speaking on Saturday in Beijing in front of China’s top leadership and a multitude of…

Wednesday, 24 April 2019

Micro-brewery sector in Greece surging, on back of global beer trend, higher tourism

By D. Alexaki [email protected]  A burgeoning presence but limited profits are, in general terms, the main characteristics of the micro-brewing sector in Greece so far, although forecasts continue to be…

Five suitors in next phase of IGB pipeline tender

Five consortia have been approved for the next phase of an international tender to build the Greece – Bulgaria (IGB) gas inter-connector pipeline between the Greek and Bulgarian natural gas…

Greece submits candidacy for re-election to IMO category A council for 2019-20 period

Greece has submitted a national candidacy for its re-election to the International Maritime Organization’s (IMO) category A council for the upcoming 2019-2020 biennium. Current category A members are PR China,…

Trailing Tsipras govt eyes money from massive primary budget surplus for tax breaks, welfare spending

A mammoth primary budget surplus – 4.4 percent of GDP for 2018 – combined with two elections next month, the first in Greece since September 2015, will, by all accounts,…

Eurostat: Greece debt the highest in Eurozone in 2018, at 132.2% of GDP; up from 131.4% in 2017

Greece and Italy, among Eurozone member-states, saw their external debt actually increase in 2018, in contrast with the rest of the euro area pack, which witnessed a reduction in their…

‘Electric shock’ after PPC announces massive 2018 losses

Ernst & Young auditors this week referred to substantial “concern” over the fate of Greece’s dominant electricity utility, the state-run and ATHEX-listed Public Power Corp. (PPC), after Tuesday’s annual results…

Reports: SSM to request higher provisions by Greek banks; e-platform for primary residence protection no sooner than June

By E. Sakellari [email protected] The ECB’s Single Supervisory Mechanism (SSM) is expected to request higher provisions by Greek systemic banks for mortgages, given the poor performance in the specific loan…

Two of the world’s newest cruise ships in Piraeus this week

Two of the newest and state-of-the-art cruise ships in the world arrived in Piraeus this week, with the Cosco-managed Piraeus Port Authority’s leadership welcoming the officers and crews of the…

Tuesday, 23 April 2019

Mitsotakis to Bloomberg: We’ll cut taxes, push through reforms and privatizations; SYRIZA over-taxed middle classes

Center-right Greek political leader Kyriakos Mitsotakis outlined his leitmotif of lower taxes, more reforms and lower fiscal targets – with creditors’ acquiescence – to Bloomberg TV on Tuesday, detailing an…

Cruise ship operators urge new port location on Santorini, need for second cable car

The leadership of the Union of Cruise Ship Owners & Associated members (EEKFN) has urged regional and local officials on the iconic holiday island of Santorini (Thira) to design and…

Sen. Bob Menendez continues official visit to Greece; meeting with PM Tsipras on Tues.

US Senator Bob Menendez (D-NJ) was received by Greek Prime Minister Alexis Tsipras on Tuesday at the Maximos Mansion in Athens, as the ranking member of the US Senate foreign…

Censure motion in Parliament against minister who criticized wheelchair-bound rival over healthcare system hiring

The latest inflammatory statement by the alternate health minister, this time taking issue with a European Parliament candidate from rival New Democracy (ND) for using favorable provisions to acquire appointment…