English

Friday, 15 March 2019

BoG Gov. Stournaras details risks, challenges for recovering Greek economy

Bank of Greece (BoG) Gov. Yannis Stournaras stayed “on message” on Friday, saying the country’s economic recovery depends on continued – and agreed to – reforms, privatizations, a significant reduction…

Six contenders in latest tender for two PPC power stations

A total of six consortia and companies, one more than the last international tender, expressed an interest for the purchase of two Public Power Corp. (PPC) lignite-fired power stations, Meliti…

Binding offers for Alimos marina unsealed; assessment this month

Greece’s privatization agency, the Hellenic Republic Asset Development Fund (HRADF), on Friday unsealed binding offers for the Alimos marina in coastal southeast Athens. The three binding offers on the table…

Greek foreign ministry reax to Erdogan quip on military flights in Aegean

Athens immediately responded on Friday to inflammatory statements a day earlier by Turkish President Recep Tayyip Erdogan, who, among others, said “we (Turkish military) scramble aircraft in the Aegean, as…

Creditors’ objections still holding up new framework for protection of primary residences

European creditors, especially the European Central Bank (ECB), have reportedly tabled four main objections to the proposed framework presented by the Greek government for protection of primary residences in the…

Thursday, 14 March 2019

Evo Morales in Greece for two-day visit

Bolivian President Evo Morales began a two-day official visit to Athens on Thursday, one of his rare exits from the land-locked South American country. Morales addressed a crowd composed mostly…

Entry fees for 24 archaeological sites, museums in Greece to increase as of 2020

Entrance fees at 24 archaeological sites, museums and monuments around the country will be increased in 2020, while the relevant culture ministry also announced the abolition of the 1- and…

Greek industrialists call for urgent signing of double tax avoidance agreement with North Macedonia

Greece’s association of industrialists has addressed a letter to the relevant finance minister requesting the urgent composition and signing of a double tax avoidance agreement with the neighboring Republic of…

Several constitutional revisions passed in first-step of ratification; president’s elex separated from dissolution of Parliament

A bundle of proposals for constitutional revision, tabled by the leftist Tsipras government, passed with a simple majority of deputies in Parliament on Thursday, meaning that in order to make…

Integrated casino resort at Helleniko site to cover 634,000 sq. meters

By T. Igoumenidi [email protected] An integrated casino resort (IRC) at the Helleniko site – one of the biggest real estate development projects in Europe – will cover 634,000 square meters,…

Regling dampens Athens’ hopes for easing of primary budget surplus target in place until 2023

European Stability Mechanism (ESM) Managing Director Klaus Regling told Greek media on Wednesday that Athens is committed to posting a primary budget surplus of 3.5 percent (of annual GDP) until…

IMF report: Greece aims to pay off 60% of debt to Fund (4.6 bln€) immediately

The IMF’s country report on Greece this week confirms that the Tsipras government intends to pay off as much as 60 percent of its debts to the Fund before maturity…

Tsakalotos on first months of SYRIZA govt: We were weaker than we believed; failure to detect major tax evasion

Greek Finance Minister Euclid Tsakalotos was revealing on Wednesday in regards to the first six months of the Tsipras government in 2015, a period punctuated towards its end by failed…

Wednesday, 13 March 2019

Mitsotakis from Lesvos: May Europarliament elex should send SYRIZA govt a message to leave

Main opposition New Democracy (ND) leader Kyriakos Mitsotakis referred to the coming European Parliament elections in May as entailing elements of a “referendum” in Greece, given that his main political…

Attica Bank president Roumeliotis resigns

Attica Bank President Panagiotis Roumeliotis tendered his resignation on Wednesday afternoon, in a widely expected move, given that a board of directors meeting is scheduled for Thursday morning to accept…

Attica Group responds to cap market commission; indirectly denies press report of fleet sell-off

Attica Group issued an immediate statement on Wednesday stressing that agreements referring to issued shares and developments related to shareholders are accompanied by announcements to the public, following a query…

Report: Most private sector wage-earners in Greece unhappy with current employment

Most private sector wage-earners in Greece are not satisfied with their current employment, results of a study by the research institution of the General Confederation of Greek Workers in cooperation…

Greek civil aviation authority follows European ban on flights of Boeing 737s

Greece’s Civil Aviation Authority on Wednesday followed other European regulators in applying mandating a bank on flights by Boeing 737-8 MAX and 737-9 MAX aircraft in Greece’s airspace. The CAA…

Exploring Athens by bicycle!

Cycling is increasingly becoming a popular way to see downtown Athens and all of its many sights and monuments. Exploring the Greek capital on two wheels now allows a visitor…

Wave Awards: Greece picked as best cruise destination worldwide for 2019

Greece has been declared as the best cruise destination (Port or Country) in the world for 2019, picking up the distinction at the annual Wave Awards in London. Also, for…

Gov’t proposals to downgrade certain categories of crimes, lessen sentences draws sharp criticism

This week’s political furor in Greece erupted over proposed changes in the penal code being promoted by the leftist Tsipras government, among others, downgrading the manufacturing and possession of firebombs…

Gov’t claims 241-mln€ ‘gap’ in pharmaceutical rebate for 2006-10

The Tsipras government on Tuesday continued to emphasize its clash with “big pharma”, this time announced that a rebate of up to 241 million euros was not collected from pharmaceutical…

Tuesday, 12 March 2019

Greek cruise ship sector numbers revised upwards for 2019 on back of re-emerging Turkish market

Βy A. Tsimplakis [email protected] The gradual “reopening” of eastern Mediterranean tourism destinations is apparently improving prospects for the Greek cruise sector for the coming season, as 2019 is projected to…

Greek DM meets with Israeli ambassador

New Greek Defense Minister Evangelos Apostolakis on Tuesday received Israel’s ambassador to Greece, Irit Ben-Abba, at his ministry office in Athens. Discussions focused on issues of mutual interest, according to…

Eurostat: Greece in last place in terms of EU’s fertility index

Greece is listed in the unenviable top spot of Eurostat’s fertility index, with the EU executive’s statistics authorities releasing the latest figures (2017) on Tuesday. Specifically, Greece is last with…

First post-bailout IMF report on Greece: Economy improving; less taxes, key reforms needed

The IMF repeated its “less taxes, more reforms” mantra for Greece, in releasing its “country report” on Tuesday, the Fund’s first post-bailout scrutiny of the country amid the current “enhanced…

Artist says Greek culture minister asked him about swapping iconic glass sculpture with Skopje’s ‘warrior on a horse’

One of the stranger post-Prespa agreement “aftershocks” played out in Athens over the weekend, following press reports that Greece’s culture minister proposed sending a well-known glass sculpture to Skopje, the…

Another step taken to build first-ever cremation unit in Greece

A decision to allow the installation of a cremator within the boundaries of the municipality of Athens was signed by the relevant environment minister on Tuesday, another legal move edging…

Monday, 11 March 2019

Clean Monday celebrated throughout Greece

Clean Monday, a religious holiday in Greece marking the commencement of Great Lent ahead of Christian Orthodox Easter, was celebrated through the country with traditional kite-flying and dinners comprised mostly…

Mitsotakis to CNN: Greece will be a ‘positive surprise’ in terms of investments in next 2-3 years

Main opposition New Democracy (ND) party leader Kyriakos Mitsotakis stuck to his pro-reform and pro-market message during an interview with CNN on Monday, as he continued a visit to the…