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Thursday, 18 April 2019

Greece still 5th on Bloomberg’s misery index despite bailout exit, return to growth

Despite exiting the memorandums, posting high-end Eurozone growth rates and even making a timid but successful market foray for sovereign borrowing, Greece nevertheless remains in the unenviable “top 5” of…

Zaev: Possible Greek investment of 80-90 mln€ in North Macedonia

The prime minister of North Macedonia, Zoran Zaev, on Thursday referred to possible funding by Greece, totaling 80 to 90 million euros, flowing into his land-locked central Balkan country, speaking…

Double-digit leads for ND over SYRIZA in nat’l elex, coming Europarliament vote

An opinion poll aired on a northern Greece television station on Thursday gives main opposition New Democracy (ND) party a 10.5-percentage point lead over ruling SYRIZA as far as general…

Shipping, media magnate Marinakis: Current govt asked for 23-mln€ loan to friendly businessman

The political “thermometer” in Athens abruptly reached a “boiling point” on Thursday in the wake of allegations by one of Greece’s most prominent shipowners and mass media owners against the…

Top Greek defense attorney arrested over alleged involvement in prison-run crime ring

One of Greece’s best-known criminal defense lawyers was arrested by members of the anti-terrorist unit on Thursday following the issuance of a warrant by a special appellate-level prosecutor. Alexandros Lykourezos,…

Continued seismic activity around Ionian island of Zakynthos

A light earthquake measuring 4.1 on the Richter scale was recorded at 12.30 (10.30 GMT) on Thursday morning southwest of the Ionian island of Zakynthos. The latest tremor comes after…

Police raid of another two ‘squats’ in Exarchia district

One arrest out of 70 people taken into preliminary custody was the result of the latest high-profile police raid at two building “squats” in the Exarchia district, ostensibly part of…

Public asset director: Higher percentage of 104.35 bln€ in arrears to Greek state should be declared ‘uncollectable’

By G. Palaitsakis [email protected] The Independent Authority for Public Assets is reportedly reconsidering the level of arrears to the state considered as uncollectable, as the current figure of 18 billion…

Long-expected draft bill on arrears does not include debts to tax bureau: minister

The relevant labor ministry on Thursday clarified that a long-expected draft bill envisioning a 120-month installment plan to pay off arrears will not include debts to the tax bureau after…

Wednesday, 17 April 2019

Statue of Alexander finally placed in Athens nearly 30 years after its purchase

An equestrian statue of a young Alexander the Great is the latest addition to Athens’ historical figures, as it was finally placed in a prominent spot on Wednesday roughly between…

High court upholds 800K ruling for family of man killed by stray bullet fired by NCO from within army base

The Council of State (CoS) this week upheld lower court rulings ordering the Greek state to pay 800,000 euros, plus interest, in compensation to the family of a 22-year-old college…

Greek DM refers to prospect of Larissa base hosting ‘Global Hawk’ UAV detachment

Greek Defense Minister Evangelos Apostolakis this week referred to the prospect of the 110th combat wing, based in the central Greece city of Larissa, hosting the USAF’s “Global Hawk” UAV…

Issue of WWII German war reparations again resurfaces in Greece

The issue of war reparation demands from Germany was again played out in Greek Parliament on Wednesday, re-emerging a month before European Parliament elections and months before a scheduled general…

Lightning strike hits Acropolis; four people slightly injured

The Acropolis archaeological site in central Athens was abruptly closed to the public on Wednesday after a lightning strike hit close to the ruined Erechtheion temple, on the north side…

Mitsotakis at Cosco-managed port of Piraeus: No to cultural legacy being used as alibi to block investments

Main opposition New Democracy (ND) Kyriakos Mitsotakis on Wednesday expressed his volition to overcome bureaucratic hurdles placed before Chinese multinational Cosco’s master plan for the Piraeus Port Authority, during a…

Govt’s coordinator for delayed Helleniko project promises all issues resolved by June, ‘if all goes well’

The Tsipras government’s coordinator for the delay-plagued Helleniko privatization in coastal southeast Athens on Wednesday referred to certain ” countermand conditions” linked to the massive size and scope of the…

‘Window’ for certain categories of self-employed professionals to retire at 60

By S. Papapetros [email protected]   The latest pre-election “flare” fired by the Tsipras government came on Tuesday with an announcement by the country’s social security umbrella fund (EFKA) leaving open…

Tuesday, 16 April 2019

Move to finally install invalidation-opened gates at Athens metro stations dramatically boosts revenues

The complete closing of up-until-now open gates at the Athens metro and electric train stations, where the invalidation of a ticket was left up to the commuter, has dramatically increased…

Aktor Concessions declared the preferred bidder for Alimos marina

Aktor Concessions SA has been nominated as the preferred bidder for the granting of the right to use and exploit the marina ofAlimos for a period of 40 years, through…

Share purchase program by Diana Shipping

NYSE-listed Diana Shipping announced a third successive share purchase plan this week. According to Diana CEO and chairman Simeon Palios, said the commencement of a tender offer to purchase up…

Energean announces new natgas deposit in Israeli EEZ

London-based and TA-35 Index-listed Energean on Monday announced the discovery of a significant natural gas find at the Karish North deposit, within Israel’s EEZ. Preliminary estimates show that the quantities…

Reports: Distress funds buying up Greek consumer NPL at up to 90% discount

By E. Sakellari [email protected] Distress funds that have purchased portfolios of “bad debt” from Greek banks have already begun managing the NPLs, with most of the former saying they are…

Monday, 15 April 2019

Port of Piraeus climbs to 32nd place globally in 2018 for container transport; up six spots from 2017

The port of Piraeus moved up six positions on the global list for 2018 in terms of container transport, according to figures released by Alphaliner. Specifically, 4.91 million TEUs passed…

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,…