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Tuesday, 09 April 2019

Copelouzos group subsidiary to build, operate gas-fired 622MW power unit in Alexandroupolis

By K. Deligiannis [email protected] Greece-based Copelouzos group this week announced a new energy investment in the extreme northeast port of Alexandroupolis of between 300 and 350 million euros, and specifically…

Privatization agency: Int’l tenders for regional port services as of next month

By V. Vegiri [email protected] The process to grant concessions at the northern Greece ports of Kavala and Alexandroupolis will begin next month, according to the head of Greece’s privatization agency,…

Monday, 08 April 2019

Budding, albeit unofficial, interest in F-35 purchase by Greece

Reports of Athens’ interest in acquiring US-made F-35s warplanes – although not officially stated –  swirled in the Greek capital this week, with defense sources merely saying Greece’s armed forces…

Greek bonds suddenly emerge bright on investors’ radar, combining higher yields within Eurozone stability

Greek bonds and shares on the Athens Stock Exchange (ATHEX) are again piquing international investors’ interests, according to Bloomberg, commenting on the latest reduction – due to increased demand –…

Prominent Novartis kickbacks claims against 9 Greek politicians fizzle out; prosecutor requests testimony from one ex-minister

A multi-year investigation by successive anti-corruption prosecutors into alleged kickbacks by Novartis’ Greek subsidiary to top politicians in the country is apparently proving more of a “tempest in a teapot”…

Market study shows increase of 20% for online searches of Greek holidays by German users

One positive trend for the coming tourism season in Greece came via Germany over the recent period, with the Cologne-based market analysis firm ΤrevoTrend pointing to an increase of 20…

Ironman 70.3 competition at Costa Navarino next week

By L. Karageorgos [email protected] The increasingly global “footprint” of the Costa Navarino resort in extreme southeast Greece, now considered as the best-known large-scale resort in the country, is boosting the…

Energean announces 1,000 bopd from Epsilon deposit off northern Greece

The third oil deposit exploited in Greek territory commenced production on April 1, and specifically at the Epsilon deposit in the Gulf of Kavala, off northern Greece, according to an…

Greek minister: Migrant smugglers behind last week’s disinformation campaign of ‘open border’

Greece’s relevant migration policy minister on Monday pointed to international migrant smuggling rings operating outside a Thessaloniki-area “hotspot” as behind last week’s rumors that the Greek border with North Macedonia…

Speculation over implementation of looming 2020 austerity measure begins; Centeno offers ‘glimmer’ of hope

By T. Tsiros  [email protected] The issue of whether or not an already pre-legislated measure to lower the annual tax-free income threshold will be implemented on Jan. 1, 2020 will be…

Friday, 05 April 2019

High court throws out law excluding settlements of unlicensed buildings from inclusion in forestry maps

The Council of State (CoS), Greece’s highest administrative court, this week ruled that a 2016 law excluding settlements of illegally built structures – mostly residences – from being included in…

Greek finance ministry: Primary budget surplus for 2018 at 3.9%; early repayment for ‘expensive’ IMF loan

Greece’s finance ministry on Friday issued a forecast pinpointing the primary budget surplus for last year, 2018, at 3.9 percent of GDP, whereas hours after an ESM “nod”, the ministry…

Pentagon official: Greece among countries where F-35 sales possible

The US is examining the prospect of selling the Lockheed Martin’s 5th generation F-35 to Greece, a top Pentagon official told members of a US Congressional committee on Thursday, a…

Greek-language ‘The Waiter’ film debuts this week

The directorial debut of Steve Krikris will be on the screens in Athens this week with the debut of “The Waiter”. The “new noir” film is set in the “darker…

Eurogroup: Tsipras govt again promised to implement cut in annual tax-free income threshold; implement reforms, privatizations

The Eurogroup on Friday added a few “sticks” to the “carrots” provided to Athens with the release of 970 million euros, as part of a 2017 debt relief package, reiterating…

Claim of ‘open border’ by pro-refugee FB page cited as cause for mass rush towards frontier; violence reported

A claim issued by a pro-refugee Facebook page and subsequent Internet reproductions that Greece was “opening its borders” with North Macedonia to allow third country nationals to exit without travel…

Eurogroup finally OKs debt relief tranche to Athens; ESM positive over early payment of IMF loans

The European Stability Mechanism (ESM) is positive to the prospect of thrice bailed-out Greece paying off loans extended to the country by the IMF, the emergency fund’s managing director, Klaus…

April 2019 a ‘mense horribilis’ for Greece’s self-employed professionals due to 4 types of social insurance payments

By S. Papapetros [email protected]   Some 1.5 million self-employed professionals in Greece – out of a total population of some 11 million in the country – must fork over four…

Serious incident in Exarchia district, as assault rifles seen in latest attack on law enforcement officers

The latest high-profile incident in Athens’ Exarchia district, considered the Greek capital’s “hub” for anti-state activists and groupings, came on Thursday evening, when eight coast guard officers and a prosecutor…

Thursday, 04 April 2019

Conference on ‘Shipping Economy & Greek Growth in Thessaloniki’ on Friday

The Maritime Economic Forum, an initiative by local NGOs and Thessaloniki residents, will host its inaugural conference in the northern Greece city on Friday, on the issue of “Shipping Economy…

Protest by migrants in northern Greece in demand of passage to Germany

Tension erupted on Thursday afternoon outside a one-time military camp now used as a migrant shelter, as some 500 asylum-seekers and other third country nationals, including families, set up tents…

Finance ministry: Arrears to the private sector up in Feb. 2019

Greece’s finance ministry on Thursday reported an increase, in February, of arrears by the state owed to the private sector. According to figures for the general government released by the…

Greek, US, Italian and Israeli fighter planes in formation over Athens on Thurs.

Seven fighter planes from four allied air forces – Greece, the United States, Israel and Italy – flew through a sunny Athenian sky on Thursday afternoon, part of the annual…

First of 70 OH-58D Kiowa Warrior helicopters for Greek armed forces due to arrive within days

The first OH-58D Kiowa Warrior helicopters sold by the United States to Greece will arrive in the country within a few days. According the Hellenic Army general staff office, the helicopters…

State’s conditions, such as right of veto, reportedly sink int’l tender for Hellenic Petroleum

By K. Deligiannis [email protected] The failure to attract even one binding offer for a majority stake and the management of Hellenic Petroleum (HEL.PE S.A), the biggest petrochemical concern in Greece…

Early morning clashes at Rhodes hotel where trade union umbrella group general assembly was due to open

By S. Papapetros [email protected] The biggest trade union body (GSEE) in Greece is again faced with the prospect of canceling its 37th general assembly, after unprecedented clashes at a Rhodes…

Mytilineos wins 118-mln€ contract for power plant in Slovenia

Greece-based Mytilineos this week announced that it has signed a contract with Janvo Podjet Energetika Ljubljan, in Slovenia, worth 118 million euros for the study, procurement and construction of a…

Cosco-led Piraeus Port Authority eyes 3 options after abrupt Greek state bureaucratic hurdles to 600-mln€ master plan

By A. Tsimplakis [email protected] The Cosco-managed Piraeus Port Authority (PPA) is now reportedly falling back on three options to react against the latest – and very prominent – obstacle placed…

Wednesday, 03 April 2019

High court ruling says current framework for VTLs in Greece illegal; presidential decree needed

A Council of State (CoS) ruling this week has declared the current operation of video lottery terminals (VLTs) by the ATHEX-listed Greek Organisation of Football Prognostics S.A. as illegal, pending…

Final approval for 150-mln€ Attica Group corporate bond issue expected

By I. Zafolia & A. Tsimplakis The Hellenic Capital Market Commission (HCMC)  is reportedly ready to finalize a review of Attica Group’s investor bulletin for a corporate bond worth 150…