English

Thursday, 04 April 2019

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…

EuroWorking Group ‘OK’ for first one-billion-euro disbursement to Greece; part of debt relief measures

The EuroWorking Group on Wednesday, as widely expected, gave its approval for the disbursement of a nearly one-billion-euro tranche to Greece, hours after a positive EU Commission report and ahead…

Archaeological council decision one of a handful of obstacles now blocking Cosco’s master plan for Piraeus Port Authority

Concerns by the Cosco-managed Piraeus Port Authority over “redtape-coated” obstacles in its 600-million-euro master plan materialized on a grand scale on Tuesday evening, with a decision by an influential culture…

No binding offers submitted for majority stake of Hellenic Petroleum

No binding offers were submitted by the ascribed deadline to the Hellenic Republic Asset Development Fund (HRADF) for a 50.1-percent stake in Hellenic Petroleum S.A. (Hel.pe), Greece’s biggest petro-chemical group,…

Commission report provides ‘green light’ for post-bailout evaluation, 975-mln€ tranche to Athens

By N. Bellos [email protected]   The EU Commission’s updated report, which will be tabled at the Eurogroup meeting on Friday in Bucharest, provides the “green light” for approving the second…

Tsipras reference to ‘Mikra airport’ generates heated reaction in Greece

One of the more eyebrow-raising quips by Greek Prime Minister Alexis Tsipras from Skopje on Tuesday was his reference to the “airport of Mikra”, the name of the Macedonia Airport…

Controversial decision by archaeological council designates large portion of Piraeus as protected zones

The Central Archaeological Council’s (KAS) abrupt decision on Tuesday evening to declare a large portion of the municipality of Piraeus as entailing “archaeological interest” generated a sharp reaction on Wednesday.…

Tuesday, 02 April 2019

Some 60.5K businesses, self-employed professionals in Greece ready to apply for out-of-court arrears settlement process

Nearly 60,500 businesses, self-employed professionals and professional farmers have so far commenced – but not finalized – the process to apply for an out-of-court settlement framework for arrears to the…

Tsipras’ greatest political achievement is also his (second) biggest risk

In landing in what up until a few months ago was the “Alexander the Great” airport of Skopje, Greek Prime Minister Alexis Tsipras on Tuesday was capitalizing on what is…

Moody’s: Modest hike in Greek real estate prices after 10 years of decline; obstacles remain

Real estate prices in Greece will continue to increase, on average, but at ονλυ very moderate rates over the next 12 to 18 months, according to Moody’s. The international ratings…

Νew study shows benefits from including famous Kalamata olives in diet

The renowned Kalamata variety of olives entail significant nutritional benefits, a study by Greek researchers recently showed. The clinical study, according to the Greek national news agency, was based on…

Tsipras arrives in Skopje for historic visit; major govt, business delegation in tow

Alexis Tsipras arrived in Skopje, North Macedonia, on Tuesday morning for a historic first-ever visit by a standing Greek prime minister, heading up a delegation of 10 ministers and scores…

Greek legal expert Sicilianos elected as new ECHR president

The European Court of Human Rights (ECHR) on Monday elected Greek law professor and veteran ECHR jurist Linos-Alexandre Sicilianos as its new president. He will take office on May 5,…

Crete, Santorini, Rhodes in TripAdvisor’s ‘top 25’ European destinations for 2019

Three Greek islands are among the top 25 European destinations in TripAdvisor’s “Travellers’ Choice” for Europe, namely, Crete in fourth place, Santorini in 11th place and Rhodes, 13th. London takes…

Deadline for binding offers for casino license at Helleniko site moved to May 31, 2019

By T. Igoumenidi [email protected] The first, and mostly expected, extension of a deadline to submit binding offers for an integrated resort casino at the Helleniko site was announced on Monday…

Monday, 01 April 2019

Tsipras in North Macedonia on Tuesday, along with major business/investor delegation

Greek Prime Minister Alexis Tsipras travels to Skopje on Tuesday for a landmark visit to the newly renamed Republic of North Macedonia, complete with high-ranking talks – but not with…

Shocking video of inmate’s murder emerges amid probe into ‘prison mafia’ infiltrating Greece’s facilities

A shocking video was leaked this week showing the January 2019 murder of an inmate by another two prisoners at what is euphemistically known as Greece’s maximum security penitentiary, all…

BoG: Exceeding fiscal targets, cutting public investments will negatively affect private sector; long-term growth

The Bank of Greece (BoG) on Monday warned that exceeding the already high annual primary budget surplus target (as a percentage of GDP)  in tandem with falling under commitments for…

Privatization of Greece’s rolling stock maintenance, rail availability provider completed

The transfer of state-owned EESSTY (ROSCO) S.A., which provides rolling stock maintenance and railroad availability services in Greece, to Trainose was completed on Monday. Trainose, a subsidiary of Ferrovie Dello…

Latest ΒoG forecast for Greek GDP in 2019 at 1.9%; address by central banker Stournaras

The Bank of Greece (BoG) on Monday revised, downwards, it forecast for Greek GDP growth in 2019, at under 2 percent annually. The forecast in the budget for 2019 is…

H&M’s sales in Greece reportedly hover at 3% for Q4 2018

By S. Emmanuil [email protected] H&M’s sales in Greece were reportedly stable over the first quarter of 2019, mostly matching figures from the previous years, according to local executives of the…

Invel investment in Greece to reach one bln€ after purchase of NBG’s stake in Pangaea property group

By T. Igoumenidi [email protected] The total investment by Netherlands-based Invel Real Estate in a previously National Bank of Greece-controlled (NBG) property holdings group (since 2013) will reportedly exceed one billion…

Eurogroup expected to OK first debt relief tranche (970 mln€) to Athens this week

Chances of Eurozone member-states’ finance ministers approving a 970-million-euro tranche to Greece on Friday are significantly increased after the Tsipras government finally submitted and ratified a new legal framework to…

Timmermans in Athens: Time to end austerity for Greece, Europe

EU Commission first VP Frans Timmermans, the Party of European Socialists’ (PES) candidate for Commission, spoke in Athens on Sunday at a closely watched conference by the Kinima Allagis party,…

Sunday, 31 March 2019

Major haul of amphetamines at NW port of Igoumenitsa

A 31-year-old Bulgarian national was arrested at the extreme northwest port of Igoumenitsa over the weekend after Greek authorities discovered nearly 370,000 psycho-stimulant pills hidden in a large gas tank…