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Thursday, 21 February 2019

Study: Greece second in Europe, after Hungary, on Authoritarian Populism Index

Recession-battered Greece is listed in the unenviable second place, among European countries and behind only Hungary,  in terms of “authoritarian populism”, according to this year’s Authoritarian Populism Index, compiled by…

Greek unemployment figure jumps in Jan. 2019 by 2.36%

The number of officially unemployed people (those actively seeking employment) jumped in January 2019 by 2.36 percent, a negative development coinciding with the Tsipras government’s unilateral increase in the minimum…

Wednesday, 20 February 2019

Commission renews ‘enhanced supervision’ for Greek economy for another 6 months; calls for reform implementation

By N. Bellos The European Commission, as expected, on Wednesday announced that it was extending the “enhanced supervision” regime for the Greek economy by another six months. The stepped up…

Showcase projects in Cosco’s master plan for port of Piraeus nixed by ministry com’t

By A. Tsimplakis [email protected] A Greek shipping ministry-affiliated committee on Tuesday nixed a series of ambitious projects included in a draft master plan submitted by the Piraeus Port Authority (PPA),…

Dutch envoy: More reforms in Greece necessary; progress needed for Eurogroup to disburse ECB profits on Greek bonds

The Dutch ambassador to Greece on Wednesday told a gathering in Athens that “more progress is needed before Eurogroup ministers will decide to disburse ECB profits on Greek bonds.” The…

Tsipras promises 500 mln€ in rent, mortgage subsidies in 2019 for low-income households

Greek Prime Minister Alexis Tsipras told ministers at Cabinet meeting on Wednesday that the leftist government will dole out a total of 500 million euros from state coffers in 2019…

ΒοG: Greek current account deficit in 2018 reaches 5.3 bln€; up 68% yoy

The Bank of Greece (BoG) on Tuesday reported a significant worsening of the country’s current accounts deficit for 2018,  with the figure increased by 68 percent (yoy) to reach 5.3…

Mitsotakis to CNBC: Aggressive, comprehensive tax reform from first month of ND govt

Main opposition New Democracy (ND) president Kyriakos Mitsotakis again “stayed on message” on Wednesday, promising to cut taxes across the board for individuals and businesses in crisis-battered Greece. In his…

‘Anti-state’ protesters target appellate court complex in Athens

Some 30 people burst into the Athens appellate courts building’s upper floors in the Greek capital at around 11:25 a.m. (09.25 GMT) on Wednesday, throwing leaflets and then fleeing. The…

Reports: European creditors express 3 main objections to draft plan for protection of primary residences

By E. Sakellari [email protected] Greece’s European creditors appear to have aired three major objections to a recently presented plan – agreed to between the Tsipras government and the country’s four…

Four million taxpayers in Greece with arrears to tax bureau; 55% owe less than 500€

By G. Palaitsakis [email protected] Accumulated tax obligations by taxpayers over the last quarter of the year is the reason for a continued increase in such arrears, with total tax arrears…

Tuesday, 19 February 2019

Draft bill allowing for concessions of port activities on Thur.

A draft bill will be tabled in Parliament on Thursday to allow the privatization of specific activities at 10 regional port authorities around Greece, namely, Alexandroupolis, Volos, Elefsina, Igoumenitsa, Irakleio,…

Preliminary probe into leaked phone conversation between central banker, minister ordered

An Athens prosecutor on Tuesday ordered a preliminary probe into the leaking of a phone conversation between Bank of Greece (BoG) Gov. Yannis Stournaras and Alternate Health Minister Pavlos Polakis,…

Reuters: Athens at risk of not receive 750-mln€ tranche due to lack of progress on reforms

Reuters on Monday reported that post-bailout Greece was at risk of missing out on 750 million euros of profits generated by Greek bonds held by European creditors due to a…

Crucial vote on Tues. for Cosco’s Piraeus port master plan

By A. Tsimplakis [email protected] Members of a shipping ministry-affiliated committee are expected to vote on Tuesday over the Piraeus Port Authority’s (PPA) submitted master plan, a nearly half-billion-euro investment and…

Coastal shippers want promise that proposed new port surcharge won’t be bumped to sector

Shipping minister Fotis Kouvelis on Monday promised coastal shippers that an up-to 5-percent surcharge to be imposed on companies awarded concessions for specific port services at 10 regional port authorities…

Folli Follie rescue plan linked to 51.25-mln€ credit line by bondholders

By S. Emmanuil [email protected] Beleaguered retailer and accessory maker Folli Follie’s (FF) remaining real estate assets will be transferred to a new special purpose vehicle, according to reports, part of…

BoG Gov. Stournaras calls for judicial intervention after minister leaks phone conversation

Bank of Greece (BoG) Gov. Yannis Stournaras on Tuesday called for judicial action after Alternate Health Minister Pavlos Polakis, a day earlier, leaked a phone conversation he had with Greece’s…

Monday, 18 February 2019

Alt. Minister Polakis records conversation with Greek central banker Stournaras, then leaks to pro-govt media

A controversial Greek minister whose been a “lightning rod” for opposition opprobrium and scathing media attacks over the recent period struck again – and with vengeance – on Monday evening,…

Central bank seeks clarifications from Attica Bank over minister’s 100K loan

Two top Attica Bank executives – its deputy CEO and managing director – met urgently on Monday with Bank of Greece (BoG) regulators in the wake of fallout from the…

Mitsotakis to Greek bankers: Give conscientious borrowers cuts on their mortgage interest rates

Main opposition New Democracy (ND) leader Kyriakos Mitsotakis on Monday called on Greece’s four systemic banks to include specific reward measures for conscientious borrowers in any new package aimed to…

Conference: Port of Thessaloniki’s future lies in being destination of goods, services; not merely a transit hub

By F. Zois [email protected]  Transformation of the recently privatized port of Thessaloniki into a final destination for goods and commuters, and not merely as a transit hub, along with unification…

Four bodies recovered in car swept away by flood waters in Crete on Sun.

The bodies of four people, missing after the car they were riding in was swept away in a flash flood early Sunday morning in central Crete, were recovered on Monday.…

Coca-Cola HBC purchases Serbian snack maker Bambi for 260 mln€

Coca-Cola HBC this week announced the purchase of Serbia-based Bambi, billed as the biggest snack producer in the SE Europe country, for 260 million euros. A company press release said…

Swiss embassy in Athens the latest venue for ‘intervention’ by ‘anarchist collective’

Members of a now infamous “anarchist collective” late Monday morning recorded yet another “intervention” at a diplomatic mission in Athens, this time entering the Swiss embassy in the upscale Kolonaki…

Furor after alt. minister confirms he received 100K loan with second mortgage

The latest political furor to batter the poll-trailing Tsipras government has latched on to one of the Cabinet’s most controversial and outspoken member, Alternate Health Minister Pavlos Polakis, after a…

30 bln€ in new arrears to Greek tax bureau between 2015-18

Tax arrears in Greece over the last four years increased by roughly 30 billion euros, despite the fact that the Independent Public Revenues Authority collected up to 20 billion euros…

Sunday, 17 February 2019

Multinational retailer denies claim by anarchist group, hours after Athens store vandalized

The mostly unchecked activities of an increasingly violent group of self-styled anarchists, centred mostly in the greater Athens area, continued on Sunday, as a major retail store along the Greek…

Int’s tender for all-important gaming concession at Helleniko site on the horizon

By T. Igoumenidi [email protected] Proclamation of an international tender for a casino gaming concession at the landmark Helleniko property development site in coastal southeast Athens, one of the biggest and…

Quake, 4.6R, in extreme SE Greece

A light earthquake measuring 4.6 on the Richter scale was recorded at 21.10 (19.10 GMT) in extreme southeastern Greece, according to a geodynamic institute in Athens. The quake’s epicenter was…