English

Thursday, 28 February 2019

91 flu-related deaths in Greece during ongoing winter season

A total of 91 flu-related deaths have been reported in Greece this season, as of Thursday. The most fatal flu strain is Η1Ν1. According to Greece’s disease control center (KEELP.NO),…

Cyprus, Exxon Mobil announce major natgas discovery SW of island

The Cypriot government on Thursday announced what it called a major natural gas deposit in a sea region southwest of the east Mediterranean island republic, with the country’s relevant minister…

Mitsotakis in Moscow: No obstacles in boosting bilateral relations

The fact that Greece is both a European Union and NATO member-state does not impede efforts to boost bilateral relations, main opposition New Democracy (ND) president Kyriakos Mitsotakis said on…

Moscovici in Athens to press for reforms, offers kudos; meeting with Tsipras

EU Commission Pierre Moscovici used a “success story” narrative following his meeting on Thursday with Greek Prime Minister Alexis Tsipras, as his visit here comes a day after a second…

Wednesday, 27 February 2019

Govt, Union of Greek Shipowners agree to 75-mln€ annual contribution to state coffers by group’s members

The Tsipras government and representatives of the country’s shipping industry on Wednesday renewed an arbitration agreement envisioning the payment of at least 75 million euros, annually, into Greek state coffers. The agreement…

Τop US diplomat in Athens: Prespa deal’s implementation won’t be easy; cites continued Russian meddling

US Deputy Assistant Secretary Matthew Palmer, in Athens on Wednesday, told reporters that application of the recently ratified Prespa agreement – normalizing relations between Greece and the newly christened Republic…

Govt, banks finally agree to new draft framework for protection of primary residences

Wednesday’s “warning bell” by the EU Commission apparently proved to be the fillip for the Greek government and the country’s four systemic banks to come to an agreement over a…

Judicial council rejects latest request by N17 terrorist for prison furlough

Members of a judicial council in the central city of Volos have unanimously rejected a request by convicted arch-terrorist Dimitris Koufodinas to receive a prison furlough. Koufodinas, serving 11 life…

Commission report on Greece: Speed up reforms; concerns over election-year spending decisions

The EU Commission’s report on Greece, the second in the post-bailout period, included the ubiquitous recommendation towards Athens to accelerate already agreed reforms, while also containing concerns over recent moves…

Banks, govt hold latest ‘sit down’ to iron out new framework for legal protection of primary residences

By E. Sakellari [email protected] A new meeting was convened on Wednesday at the Maximos Mansion government house between top ministers and the heads of Greece’s four systemic banks to finalize…

World Bank to ‘N’: Greece ‘not out of the woods’ yet

By Vassilis Kostoulas [email protected] The World Bank’s top executive in Europe this week cautioned that Greece must not slacken efforts to implement reforms in the crisis-battered country, especially structural changes.…

Mitsotakis, Stournaras cite supplementary role for private sector in social security; rival minister warns of Pinochet model

Main opposition New Democracy (ND) leader Kyriakos Mitsotakis on Tuesday reiterated his pledge to abolish a controversial legal framework for social security contributions paid by the country’s self-employed professionals and…

Latest poll gives ND 6.5% point lead over SYRIZA; six parties above 3%

Main opposition New Democracy (ND) party’s lead over ruling SYRIZA in the most recent opinion poll unveiled this week reaches 6.5 percentage points, a lower gap than the one recorded…

Tuesday, 26 February 2019

Reports: BoG Gov. Stournaras tells prosecutor Alt. Minister confirmed he was recording phone conversation

Bank of Greece (BoG) Gov. Yannis Stournaras on Tuesday reportedly provided testimony to an Athens prosecutor days after controversial Alternate Health Minister Pavlos Polakis personally contacted the central banker on…

Primary budget surplus of 729 mln€ in Jan. 2019

The Greek state’s primary budget surplus for January 2019 reached 729 million euros (on a modified cash basis), significantly exceeding a target of 103 million euros. The same figure for…

Handelsblatt: Greek state eyeing 10-year bond issue

Handelsblatt on Tuesday cited what it called a plan by the Greek government to float a new 10-year bond, with the German financial daily saying that whatever yields arise will…

Body of missing stockbreeder found in Chania prefecture

The body of a missing 61-year-old stockbreeder in western Crete was discovered along creek’s banks on Tuesday. The victim went missing a day earlier, with authorities saying his truck was…

Jan. 2019 figures for greater Athens hotels slip significantly, yoy

By L. Karageorgos [email protected] The first month of 2019 was disappointing for the hotel sector in the Greek capital and the greater Athens area, as all relevant indexes moved “south”…

Angelicoussis, Marinakis shipping groups remain ‘bullish’ on LNG sector

By L. Karageorgos  [email protected] Greek shipowners and shipping companies continue to lead the way in terms of major capital investment in LNG carriers, even as daily rates have recently dropped…

State’s dividend from BoG at 644.3 mln€ for 2018

The Bank of Greece’s (BoG) contribution to the Greek state’s coffers reached 644.3 million euros for 2018, the figure translating into the dividend owed by the central bank to the…

Monday, 25 February 2019

First official reax to BBC article on ‘invisible Macedonian Slavs’ in Greece comes from Greek ambassador

The first – official – reaction to a BBC article on Sunday entitled “Greece’s invisible minority – the Macedonian Slavs” came via a lengthy letter sent to the British media…

Heavy T-storms batter western Crete

Torrential rains have battered western Crete over the past two days, with two bridges in rural areas collapsing from floodwaters and at least one man, a 61-year-old stockbreeder, missing in…

Reports: Creditors press for details over new legal framework protecting primary residences

By E. Sakellari [email protected] Representatives of Greece’s European creditors and the IMF — the “quartet” — are expected to receive the entire draft text of a proposed new legal framework…

G. Papandreou: No cooperation with those that called us ‘collaborators’; ‘SYRIZA will lose’ next elex

Former prime minister and PASOK party leader George Papandreou on Monday dismissed rampant press reports of late claiming a “political flirtation” with ruling SYRIZA. Speaking on a morning current affairs…

Dep. Minister leaves open possibility of businesses being included in 120-month plan to cover arrears to social insurance fund

By S. Papapetros [email protected] Greek Deputy Labor Minister Anastasios Petropoulos detailed the government’s proposal – in an interview with “N”, published on Monday – for a 120-month installment plan to…

Olivia Colman picks up best actress Oscar as ‘Lanthimos watchers’ in Greece stay up for Academy ceremony

Olivia Colman won the Oscar for best actress at Sunday’s 91st Academy Awards in Los Angeles, the only one of the 10 nominations associated with Greek director Giorgos Lanthimos’ “The…

HFSF CEO cites measures for returning Greek banks to viable growth

By E. Sakellari [email protected] Guarantees worth five billion euros may be sufficient to slice off up to 15 billion euros of “bad debt” burdening the balance sheets of Greece’s four…

Sunday, 24 February 2019

First ‘ripple’ in post-Prespa period after BBC article; diplomatic sources refer to inaccuracies

One of the first “ripples” in Greece in the post-Prespa agreement period came on Sunday, with a BBC report headlined “Greece’s invisible minority – the Macedonian Slavs” raising heckles by…

Friday, 22 February 2019

Ministries requested to supply econ forecasts for revised Medium-Term Fiscal Strategy Framework

An urgent circular was issued by Alternate Finance Minister Giorgos Chouliarakis on Friday requested economic forecasts by all ministries in order to compile a revised Medium-Term Fiscal Strategy Framework. The…

Temes acquire controlling stake in company that owns Athens Hilton

The Temes group on Friday announced that it was acquiring a controlling interest in the company that owns the iconic Athens Hilton, after increasing its stake. The agreement foresees that…