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Tuesday, 19 February 2019

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…

Iconic baker of Kos, who fed refugees during 2015 crisis, dies

The iconic baker of Kos, an island in the eastern Aegean, Dionysis Arvanitakis, who became known throughout Europe for his daily and constant assistance to the hundreds of third country…

Friday, 15 February 2019

Acrimonious clash over non-state higher ed in Greece; leftist govt deflects latest attempt to revise Art. 16

Decades-old efforts to revise a controversial article in the Greek constitution essentially preventing the establishment and operation of non-state universities in the eastern Mediterranean country again fell short this week,…

FinMin meets with bank CEOs

Greek Finance Minister Euclid Tsakalotos on Friday met with the CEOs of Greece’s four systemic banks, as well as the Hellenic  Bank Association (HBA) president, a day after an agreement…

Mini reshuffle in Athens by Tsipras govt

A mini reshuffle was announced on Friday in Athens by the Tsipras government’s spokesman, with up-until-now Alternate FM Giorgos Katrougalos promoted as the top minister of foreign affairs. The development…

Mitsotakis emphasizes growth, jobs and border security in Munich; meeting with CDU’s Kramp-Karrenbauer

Main opposition New Democracy (ND) leader Kyriakos Mitsotakis emphasized growth, the creation of new job spots and protection of European borders as the most significant issues facing Greece and the…

ND VP Hatzidakis: Proposed new legal framework for primary residences actually dilutes protection

The first political reactions over last evening’s announcement of an agreement between the Tsipras government and Greece’s systemic banks, aimed to establish a new legal framework protecting primary residences from…

Digital policy minister Pappas the first Greek minister to visit newly renamed Rep. of North Macedonia

Greece’s digital policy, telecoms and information minister, Nikos Pappas, among Prime Minister Alexis Tsipras’ closest associates, is set to become the first Greek cabinet member to visit the recently renamed…

Thursday, 14 February 2019

Athens airport concession contract extension approved by Parliament

A wide majority of Parliament MPs on Thursday approved of a finance ministry draft bill extending the concession for the Eleftherios Venizelos International Airport of Athens. Deputies from ruling SYRIZA…

Govt, banks reach agreement on new framework to protect primary residences from creditors

An agreement was announced on Thursday evening between the Greek government and the four systemic banks in the country over a new legal framework to protect primary residences from creditors.…

First vote on constitutional revision of article on Church-state relations passes by razor-slim margin

The government’s proposal to revise a constitutional article (paragraph 1 of Article III) referring to religious neutrality received a bare majority during an initial Parliament vote on Thursday evening, meaning…

Flu-related deaths in Greece reach 56

A total of 56 flu-related, most linked to the H1N1 strain, have been reported in Greece so far this season by the country’s disease prevention center (KEELPNO). According to a…

Kammenos: Tsipras recruited my deputies with promises of Cabinet posts

A messy “political divorce” between the up-until-recently coalition partners in Greece continued to generate headlines in the country, with former defense minister Panos Kammenos – the head of the smaller…

Mitsotakis, Gennimata in Germany this week

Main opposition New Democracy (ND) leader Kyriakos Mitsotakis will arrive in Germany on Thursday to attend the Munich Security Conference 2019 in the Bavarian city, where he’ll give a brief…

Greek banks must resubmit targets to SSM by March 29; talks continue over new legal framework

By E. Sakellari [email protected] Results of a Supervisory Review and Evaluation Process (SREP), sent to Greece’s systemic banks last week by the Single Supervisory Mechanism (SSM), cited the level of…