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Wednesday, 06 March 2019

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…

Charges filed against office-holders, including regional gov. Dourou, over deadly Mati wildfire

The Athens prosecutor’s office on Tuesday filed an indictment against 20 people, including current office-holders, related to a deadly wildfire last August at a coastal site due east of Athens,…

Strong interest for new Greek 10-year bond; yield at 3.9%

Strong demand was reported on Tuesday for new 10-year bond issued by the Greek state the same day, the first such debt floated since 2010. Bids reached 11.8 billion euros…

Macron: For European renewal

By Emmanuel Macron* PARIS – Citizens of Europe, If I am taking the liberty of addressing you directly, it is not only in the name of the history and values…

ND leader refers to ‘shocking’ figures concerning Greece’s demographic ‘time bomb’

Main opposition New Democracy (ND) president Kyriakos Mitsotakis on Tuesday referred to “shocking” data showing the native-born population of Greece both aging and decreasing at an accelerated rate. The center-right…

Two Greek beaches on Tripadviser’s ‘Top 25’ list for 2019

Two Greek beaches are included in TripAdvisor ‘s 2019 list for the 25 best beaches in the world, rankings based on users’ preferences. Both beaches, in fact, are located in Chania…

Mayor behind legal challenge to Helleniko project says lawsuit not an ‘obstacle’ to investment

By T. Igoumenidi [email protected] The mayor of a southern coastal Athens municipality, who filed a lawsuit last week with the Council of State (Cos) to block the establishment of a…

Order book opened for Greek 10-year bond

A book order was opened on Tuesday, as widely expected, for the issuance of a 10-year bond by the Greek state, with the initial coupon target hovering at 4.125 percent.…

Prospect of declaring most of Piraeus as area of ‘archaeological interest’ generates sharp reax

By A. Tsimplakis [email protected] The latest “shadow” hanging over Chinese multinational Cosco’s ambitious master plan for the Piraeus Port Authority (PPA) emerged abruptly this week, after press leaks disclosed that…

Monday, 04 March 2019

Bank heads, BoG Gov. meet over new framework for protection of primary residences

Α meeting on Monday between the CEOs of Greece’s four systemic banks with Bank of Greece (BoG) Gov. Yannis Stournaras reportedly revolved around the European Central Bank’s (ECB) primary reservations…

Opposition demands explanation after report says plane carrying Venezuelan FM at Athens airport on Sat.

The opposition in Greece on Monday was demanding explanations from the Tsipras government in the wake of a press report that a Venezuelan government aircraft carrying the strife-plagued country’s foreign…

Govt, ND leader again clash over ‘law and order’ issue

The “law and order” theme again emerged on the political front at the very beginning of the week, as main opposition New Democracy (ND) leader Kyriakos Mitsotakis continued to step…

Piraeus Bank sells Albanian subsidiary for 57.3 mln€

Piraeus Bank on Monday announced the completion of a sale for its Albanian subsidiary, Tirana Bank Sh.A, to Balfin Sh.p.k. and Komercijalna Banka AD. Piraeus Bank held a 99.83-percent share…

ND charges that Tsipras govt trying to avoid setting up EP ballot boxes for Greeks in UK; FM refers to ‘fake news’

The Tsipras government and main opposition New Democracy (ND) party continued to trade back-and-forth charges on Monday over press claims that Athens will not set up ballot boxes at Greek…

Tax bureau given easier access to safety deposit boxes in Greece

By G. Kouros [email protected] Tax authorities in Greece will be able to order the opening of safety deposit boxes at banks in the country – for the purposes of an…

Athens announces issuance of 10y bond in ‘near future’

Greece’s finance ministry and the Public Debt Management Agency on Monday announced the issuance of a new 10-year bond in the “near future” and depending on market conditions, with BNP…

Barroso: Markets expect ND victory in coming elex; reason for higher confidence

Former Commission president and current Goldman Sachs chairman Jose Barroso over the weekend echoed recent statements by top European leaders, namely, that Greece must first prove its commitment to agreed…

DIW research director to ‘N’: Implement reforms to achieve lower taxes

By Vassilis Kostoulas [email protected] The research director of a top German economic think tank told “N” this week that a Greek government that applies a pre-legislated reduction in the tax-free annual…

Saturday, 02 March 2019

Sudden Moody’s upgrade of Greece’s long-term foreign currency debt to B1

Moody’s provided a much-needed fillip to the Tsipras government in Athens, raising Greece’s long-term foreign currency debt was upgraded to B1, with a stable outlook from B3. The development supports…

Friday, 01 March 2019

Tsipras says he’ll officially visit North Macedonia in the coming period

Greek Prime Minister Alexis Tsipras on Friday said he’ll officially visit the newly christened North Macedonia in the coming months, a visit that would be the first by Greek head…

Mitsotakis: Structural reforms the key to lower high fiscal targets

Main opposition New Democracy (ND) president Kyriakos Mitsotakis οn Friday referred to the need for annual growth rates in post-bailout Greece of at least 3 to 4 percent, while again…

Third successive summary acquittal for ex-stats authority head Georgiou, in latest twist to legal quagmire

A council of Athens appellate justices has again ruled – for a third consecutive time – that former Greek statistics authority (EL.STAT) head Andreas Georgiou should not stand trial on…

HMS Argyll concludes visit to Piraeus

HMS Argyll F231 concluded a visit to the port of Piraeus on Friday. The Type 23 frigate arrived in Greece on a goodwill visit, with officers and seamen allotted shore…

New legal challenge to Helleniko property development project by adjacent municipality

By T. Igoumenidi [email protected] The latest obstacle in the path of Greece’s biggest real estate development project in decades is a legal challenge by a small municipality to the creation…

Commission report: Greece tax bureau goal is 5.6 bln€ in arrears in 2019

A European Commission report on Greece – released this week – cites a figure of 5.6 billion euros in arrears to the state that the country’s independent public revenues authority…

Major police operation in central Athens clears out squat allegedly used as crime den

Police arrested dozens of people in and around a squat in central Athens on Thursday, near the national archaeological museum, in a major operation. According to authorities, the occupied building…