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Monday, 11 March 2019

Lack of new framework to protect primary residences blocks disbursement of 970 mln€ to Greece

By N. Bellos [email protected] Eurozone finance ministers – the Eurogroup venue – on Monday did not approve the disbursement of a 970-million-euro tranche to Greece, a more-or-less expected development linked…

Friday, 08 March 2019

North Macedonia FM: It’s in Greece’s best interest to have a stable, democratic neighbor to its north

The foreign minister of newly christened North Macedonia, Nikola Dimitrov, referred to his country and neighboring Greece as “natural allies” who can benefit from cooperation, not only on the economic…

Greek tourism minister Kountoura honored by Pacific Area Travel Writers Association

Greek Tourism Minister Elena Kountoura this week was honored as the “Best Tourism Minister” worldwide by the Pacific Area Travel Writers Association (PATWA), one of several distinctions bestowed by the…

Report: Number of int’l hotel brands increase in Greece in 2018; up by 15%

By L. Karageorgos [email protected] Multinational hotel brands increased their presence in Greece’s hospitality sector in 2018 by a noteworthy 15 percent, in terms of room capacity, confirming the continuing surge…

Tsipras leads the ‘left pack’ in terms of most populist – in Guardian survey

Greek Prime Minister Alexis Tsipras earned the unenviable top spot in a recent Guardian readers’ survey, which rated how populist certain politicians are, both on the right and left. In…

Berlin responds to letter by five east Aegean isles hit hardest by refugee/migrant crisis

The German chancellery issued a response this week to a letter sent by the mayors of five eastern Aegean islands bearing the brunt of the refugee/migrant crisis since 2015, when…

Mikis Theodorakis remains hospitalized

Renowned Greek composer Mikis Theodorakis remained hospitalized on Friday at a private north Athens hospital, slightly more than a week after experiencing respiratory difficulty and a rapid heartbeat. According to…

Changes in ‘Golden Visa’ regime to expand types of investments used for eligibility

The Greek government is eyeing changes in the “Golden Visa” scheme that grants non-EU third country nationals long-term residency permits in the country for property purchases exceeding 250,000 euros, with…

EBRD participation in Aegean Airlines’ bond issue

The European Bank for Reconstruction and Development (EBRD) on Friday underlined the development bank’ s participation in Greece-based Aegean Airlines’ first bond issuance, citing its outlay of 22.5 million euros…

Syntagma square area closed to traffic on Sun., Mon. due to shooting of Hollywood film

The center of Athens, mainly Syntagma square and surrounding roads, will be closed to traffic during the day on Sunday and Monday, which is a holiday, due to the filming…

Latest int’l tender for PPC’s lignite-fired units announced

By K. Deligiannis [email protected] A new international tender to sell-off three lignite-fired power units operated by the Public Power Corp. (PPC), Greece’s state-run and still dominant electricity utility, commenced on…

Thursday, 07 March 2019

Price-setting regime for pharmaceuticals in Greece latest ‘battleground’ for govt, opposition

Pharmaceutical prices in Greece proved to be the latest “battleground” between the government and the opposition this week, with the former claiming that a bill passed by a slim majority…

Mitsotakis in US this week

Μain opposition New Democracy (ND) President Kyriakos Mitsotakis departed on Thursday for the United States, and specifically Boston and  New York City. According to part of an itinerary announced on…

IMF spox: Early repayment of loans extended by Fund is Athens’ decision to make

It’s up to the Greek government to decide over an early payoff of loan debts owed to the International Monetary Fund (IMF), spokesman Gerry Rice said on Thursday. At the…

Sector official says Greek olive oil production to drop to 140K tons in 2019

Initial estimates so far warn of a noteworthy reduction in Greece’s olive oil production in the forthcoming harvest season, with some regions’ yield expected drop by 50 percent, compared to…

PAOK FC owner Savvidis breaks into Forbes’ annual list of world’s richest

Russian-Greek businessman Ivan Savvidis debuted this week on Forbes’ annual survey of the richest people in the world, coming in at 1,511th out of 2,153 individuals listed. Savvidis, who owns…

Eurozone official: Eurogroup unlikely to sign off on 970-mln€ to Athens next week

By N. Bellos [email protected] The chances of Eurogroup finance ministers signing off over next week on the disbursement of a 970-million-euro tranche to Greece appears fleeting, with a Eurozone official…

Parliament Budget office head: Failure to release ANFA/SMPs tranche will send ‘negative message’ to markets

The head of Parliament’s independent Budget Office on Thursday emphasized the need to fulfill prior actions in the post-bailout Greece, such as reforms and privatizations, statements mostly echoing his predecessor…

Offers for 200-mln€ Aegean Airlines corporate bond exceed 500mln€

Offers for a 200-million-euros Aegean Airlines corporate bond issue have exceeded a half billion euros, according to sources that spoke to “N” on Thursday, with the yield expected to hover…

Greek GDP growth rate at 1.9% in 2018; short of target

The Greek economy grew by 1.9 percent in 2018, according to figures released on Thrusday by the country’s statistics authority (EL.STAT), rate lower than the initial target. In a breakdown,…

Successful 10-year bond issue wets Athens’ appetite for another market foray, possibly in April

By T. Tsiros  [email protected] A diverse distribution of investors – both in terms of country of origin and by profile – who purchased Tuesday’s 10-year Greek bond and the almost…

3 fatalities in latest accident involving migrant boat disembarking from Turkey

Three people, two of which were minors, died early Thursday morning after a boat carrying undocumented migrants sunk between the eastern Aegean island of Samos and the opposite Turkish coast,…

Wednesday, 06 March 2019

Mitsotakis to Figaro: End of populism near in Greece

Main opposition leader, Kyriakos Mitsotakis, this week again told foreign media that the thrice bailed-out Greece will provide the first example of a country that has emerged from the clutches…

Reports: Process begins to rename organizations, agencies in North Macedonia

International news reports on Wednesday referred to the commencement of a process that will change the name of no less than 136 state-affiliated organizations and agencies in the neighboring Republic…

Study: 3 out of 10 households in Greece report annual income of less 10K €

Three out of 10 households in Greece report annual income if less than 10,000 euros, a study conducted by the research arm of the Hellenic Confederation of Professionals, Craftsmen &…

US amb. calls for vigilance against ‘manipulation’ in coming Greek elections

The US ambassador in Greece on Tuesday said democratic institutions and the press should be vigilant over possible “manipulation of information” in upcoming elections in the east Mediterranean country, a…

Tuesday, 05 March 2019

Moody’s announces positive rating hikes for Greek banks

Moody’s upgraded Greek banks on Tuesday, days after providing a “vote of confidence” for the Greek economy. Specifically, Moody’s upgraded the long-term deposit rating for National Bank of Greece, Alpha…

Piraeus Bank CEO: Four systemic banks aim to cut 50 bln€ of ‘bad debt’ by 2021

Piraeus Bank CEO Christos Megalou on Tuesday said Greece’s four systemic banks, his own included, have agreed to reduce “bad debt” by 50 billion euros until the end of 2021.…

Four Greek citizens on Forbes’ annual list of billionaires

Four Greek citizens were listed on the annual Forbes list of the world’s billionaires, with a total of 2,153 people included. The billionaires’ total fortune is estimated at 8.7 trillion…

Tsipras: Solution to demographic stagnation is more, better jobs

Greek Prime Minister Alexis Tsipras said a now acute demographic problem in Greece existed before his hard left SYRIZA party assumed power in 2015, and that a solution requires a…