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Friday, 01 March 2019

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…

Bill for new framework to protect primary residences from creditors by March 15; previous law expires

By E. Sakellari [email protected] A draft bill containing the details of a legal framework to protect homeowners’ primary residences in Greece from creditors is expected to be submitted on March…

Thursday, 28 February 2019

Latest Pulse opinion poll puts ND lead at 11% points over ruling SYRIZA

Main opposition New Democracy (ND) party returned to double-digit percentage point “territory” in a latest opinion poll, unveiled on Thursday evening, with its distance from ruling SYRIZA measured at 11…

Extraordinary ECB ‘opinion’ on draft framework for legal protection of primary residences in Greece

The European Central Bank (ECB) on Wednesday released a surprise 11-page “opinion” over a still under-consideration draft law for the protection of primary residences in Greece, as pressure builds on…

Cap markets commission levels more than 20 mln€ in fines against 10 former Folli Follie execs

Fines exceeding 20 million euros were imposed by Greece’s capital markets commission on 10 individuals that served as board members and executives of the beleaguered Folli Follie retailer and accessory…

NBG Pangaea acquires majority stake in Nicosia’s Hilton Cyprus

National Bank-affiliated Pangaea Real Estate Investment this week announced increased its presence on Cyprus with the acquisition of the Nicosia Hilton Cyprus.  According to a press release, Pangaea acquired 96.82…

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…