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Wednesday, 27 March 2019

Greek govt tables draft law for successor framework on primary residence protection from creditors

The Tsipras government on Tuesday evening finally tabled a draft bill containing the legal framework for protection of primary residences (from creditors) in the country, a post-bailout “prior action” whose…

ABB selected for power, propulsion systems for China’s first domestically built cruise ship

ABB will supply a comprehensive power and propulsion package for China’s first domestically built cruise ship, in a landmark deal with Shanghai Waigaoqiao Shipbuilding (SWS). The Azipod steerable propulsion systems,…

Lavrio-Cesme ferry boat route to begin on June 1

A daily ferry boat route connecting the small port of Lavrio, in the extreme southeast Athens area, with the western Turkish port of Cesme will begin on June 2. The…

Tuesday, 26 March 2019

FinMin, govt sources quickly dismiss prospect of ‘Easter bonus’ for Greek pensioners, civil servants

Greek Finance Minister Euclid Tsakalotos immediately extinguished speculation of yet another “holiday benefit” being doled out by the poll-trailing Tsipras government, speaking hours after a deputy minister referred to an…

Violence outside Corinth courthouse related to fatal shooting of alleged burglar

Violent rioting was reported outside a courthouse in the southern Greece city of Corinth on Tuesday morning, as numerous members of a local Roma (gypsy) settlement attempted to enter the…

Traffic police in Greece crackdown on drivers using cell phones while driving

Hundreds of traffic tickets to drivers in Greece were issued over just a one-week period (March 18-24) for a violation that has increasingly become a scourge on the country’s roadways,…

Annual tax ‘safari’ begins in Greece to meet bailout-mandated primary budget surplus

By G. Kouros [email protected] Greece’s independent public assets authority – itself a memorandum-mandated institution to succeed the previous and often politicized tax bureau – must ramp up collection of this…

No EWG decision on 975-mln€ tranche to Greece due to delays over primary residence law

Monday’s Euroworking Group concluded without a decision to disburse a 975-million-euro tranche to Athens, a more-or-less expected development after Athens failed to unveil a draft of a successor law for…

Monday, 25 March 2019

Banksy website: Exhibition of street artist’s works in Athens ‘fake’

A statement on the website of noted and still anonymous UK-based street artist Banksy said an exhibition of his works in Athens is “fake”, and is being organized without his…

Tsipras: Turk warplanes ‘harassed’ helicopter carrying him to isle; Turkish media report disputes allegation

The Greek prime minister himself on Monday disclosed that Turkish warplanes attempted to harass a helicopter carrying him to a small eastern Aegean border island hours earlier for events to…

Greek Independence Day commemorated with annual military parade through downtown Athens

Greek Independence Day was celebrated around the east Mediterranean country and by ethnic Greek communities around the world on Monday, the 198th anniversary of an uprising against dour Ottoman rule,…

Sunday, 24 March 2019

Erdogan now entertains prospect of reverting Hagia Sophia into mosque

Turkish President Recep Tayyip Erdoğan veered directly towards the Islamist political sphere on Sunday by leaving open the possibility of the Turkish state restoring the Hagia Sophia as a mosque…

Latest mainstream opinion poll again show double-digit % point lead for ND over SYRIZA

Main opposition New Democracy (ND) party fields a 9.2-percentage point lead over ruling SYRIZA in a poll measuring voters’ preferences for the upcoming May European Parliament election. The poll was…

Friday, 22 March 2019

Zaev, Dimitrov attend Greek Independence Day reception in Skopje

Dramatically improved bilateral relations between Greece and the newly christened North Macedonia – in the wake of the recently implemented Prespa agreement – were prominently on display in Skopje on…

Tsipras on EU’s decision regarding Brexit: ‘No national avoidance of difficulties easy or productive’

Greek Prime Minister Alexis Tsipras conveyed Athens’ “spin” on Friday after an EU Summit in Brussels regarding Brexit, referring to a “clear” result, and with indirect references to his own…

BoG: Higher balance of travel services, revenues in Jan. 2019

A significant increase in the surplus balance of travel services was reported on Friday by the Bank of Greece, fuelled mostly by increased revenues. A hike in the average daily…

Power restored on Crete after blackout

The Hellenic Electricity Distribution Network Operator, the entity that manages Greece’s power grid, said electricity had been restored throughout the large island of Crete by the early afternoon. A short-circuit…

Banking index at ATHEX falls sharply amid NPLs, successor law gitters

The banking index at the Athens Stock Exchange (ATHEX) nosedived on Friday, with bank shares taking sustained hits in the last two hours of the session, and finally closing down…

Controversial SYRIZA candidate for Euro elex drops out after media reports claim she pocketed deceased mother’s pension payments

A high-profile candidate of leftist SYRIZA party for the coming European Parliament election in May on Friday said she was dropping out of the race, hours after two Athens newspapers…

Greek FM qualifies recent statements over possible cooperation with Turkey in east Med; says condition is int’l law

Greek Foreign Minister Giorgos Katrougalos attempted to recover from an avalanche of opposition and media criticism in the country after his comments earlier this week – a day before he…

Media reports: Most of Crete experiencing power blackout

Media reports in Athens on Friday, just after noon local time, referred to a practically island-wide power blackout on the island of Crete, Greece’s largest. Later reports pointed to an…

SSM pressure reportedly causing Greek banks to consider even more ambitious NPL reduction target

By E. Sakellari [email protected] Continuing pressure by the Single Supervisory Mechanism (SSM) has reportedly reinvigorated Greece’s systemic banks’ efforts to reduce the Olympus-sized “mountain” of “bad debt” burdening their balance…

Another attack against diplomatic mission in Athens reported; grenade tossed outside Russian consulate

Yet another early morning attack against a diplomatic mission in the greater Athens area occurred in the first hours of Friday, after at least two suspects tossed a hand grenade…

Thursday, 21 March 2019

UK-flagged container ship without power north of Andros

A mechanical malfunction has left a UK-flagged freighter without propulsion north of the Cyclades island of Andros on Thursday evening. The vessel was identified as the “Ocean Promise”, with a…

‘Roads of Arabia: Archaeological Treasures from Saudi Arabia’ opens at Athens’ Benaki Museum

An exhibition entitled “Roads of Arabia: Archaeological Treasures from Saudi Arabia” opened at the central Athens’ Benaki Museum on Thursday, and will run until May 26. The exhibition explores the…

Prosecutor’s report finds numerous omissions in deadly Mandra flash floods; Attica Gov. Dourou prominently cited

A 66-page prosecutor’s investigation on the deadly flash floods in the western Attica township of Mandra in November 2017 refers to numerous omissions by the Attica regional government entity, a…

Tsipras calls for European ‘progressive powers’ to prevent Weber election as new Commission president

Greek Prime Minister Alexis Tsipras switched to “social democrat” mode on Thursday, participating at a Party of European Socialists (PES) meeting in Brussels, with the erstwhile anti-bailout and hard left…

American Airlines summer route to connect Chicago with Athens

American Airlines (AA) will offer a new flight from Athens to Chicago O’Hare International Airport, connecting the two cities for the first time. The summer seasonal flight will operate as…

Tax bureau: Greek taxpayers’ declared incomes down one bln euros between 2016-17

Declared incomes by Greek taxpayers were reduced by one billion euros between 2016 and 2017, according to figures released on Thursday by Greece’s independent public assets authority, the creditor-mandated entity…

ECB: Significant drop in NPLs in eurozone in Q3 2018; Greece still highest, 90 bln€

The European Central Bank (ECB) on Thursday announced a significant decrease in the volume of non-performing loans in the Eurozone in the third quarter of 2018, falling to 628 billion…