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Monday, 11 February 2019

Greece’s ‘super fund’ wants state-run companies in its portfolio to emphasize corporate governance, regulatory compliance

By F. Zois [email protected]  Greece’s “super fund”, officially called the Hellenic Corporation of Assets and Participations S.A. (HCAP), convened a meeting on Friday to iron-out cooperation with several major state-run…

‘Airbnb-effect’ cited for intense demand, price hikes in certain Greek neighborhoods; BoG cites lower rents overall

By T. Igoumenidi [email protected] A significant spike in rent prices, by as much as 50 percent, were recorded in specific districts in Greece where the so-called “Airbnb phenomenon” is the…

‘Bad debt’ emerges as the biggest specter plaguing Athens in the post-bailout period

The pressing issue of “bad debt” burdening Greece’s four systemic banks – a major concern of European creditors before and after the last bailout ended in August 2018 – has…

Sunday, 10 February 2019

Latest poll gives 5.5% point lead to ND over SYRIZA

Main opposition New Democracy (ND) party is given a 5.5-percentage point lead over ruling SYRIZA in the latest mainstream opinion poll to be published over the weekend. Although showing roughly…

Greece-based shipping companies’ remittances for 2017 near 3 bln USD

The major impact of the maritime shipping sector in Greece’s recovering economy was again confirmed this week, with figures compiled by the shipping and island policy ministry showing that total…

Friday, 08 February 2019

Greece ratifies NATO accession protocol for fYRoM, latter to join as ‘Republic of North Macedonia

A slim but solid majority of Greek MPs, 153 out of a total of 300 in Parliament, on Friday evening approved of a protocol for the accession of the former…

Mitsotakis reiterates opposition to Prespa pact, during Parliament debate for fYRoM’s NATO membership

Main opposition New Democracy (ND) leader Kyriakos Mitsotakis on Friday, speaking from Parliament’s podium, reiterated that MPs of his center-right party will vote against the NATO membership of the former…

US envoy meets with new Mt. Athos civil governor

US ambassador to Greece Geoffrey Pyatt on Friday met at his official residence in Athens with Kostas Dimtsas, the new civil governor of the semi-autonomous monastic community of Mt. Athos,…

Tender for 23 new patrol boats worth 49 mln€

The relevant shipping and island policy ministry this week announced an international tender for the purchase of 23 new patrol boats, a total contract worth nearly 49 million euros. The…

PPC’s board declares sale tender for lignite-fired units void

State-run Public Power Corp.’s (PPC) board of directors on Friday unanimously voted to declare an ongoing tender of a handful of lignite-fired power units as null and void, citing the…

‘Marianne & Leonard: Words of Love’ to kick off Thessaloniki documentary festival next month

Nick Broomfield’s documentary “Marianne & Leonard: Words of Love,” which recounts the now famous love story between late Canadian poet and musical legend Leonard Cohen and his Norwegian muse, Marianne…

New agreement between Greek state, shipping community for voluntary tax contribution

By L. Karageorgos [email protected] A new arbitration agreement – replacing the current understanding – between the Greek state and the shipping community includes a 10-percent tax on dividends accumulated by…

Gaming license talks proceed for landmark Helleniko property development

By T. Igoumenidi [email protected] The Greek state and Lamda Development, the lead partner in a consortium that has won the concession for the massive Helleniko property investment in coastal southeast…

Thursday, 07 February 2019

Hellas Gold presses with legal action to lift bureaucratic obstacles for its Skouries operation

Three out of five separate motions brought by Hellas Gold, the country subsidiary of Canada’s Eldorado Gold, against the Greek state have been heard by the Council of State (CoE),…

Metals producer Larco, Public Power Corp. reach compromise over major arrears by former

By K. Deligiannis [email protected] Provisions to ensure that already extensive arrears owed by state-run and owned mining and metals works Larco towards the Public Power Corp. (PPC) will not increase,…

Greek FinMin attempts to defuse speculation regarding banks’ ‘bad debt’ load

Greek Finance Minister Euclid Tsakalotos on Thursday attempted to dampen speculation in Athens regarding prospects and possible measures to reduce the massive load of “bad debt” plaguing systemic banks’ spread…

EPP’s Weber in Athens: Certainty over pending ND victory; current Tsipras govt closer to Maduro

European People’s Party (EPP) president and EU Commission candidate Manfred Weber took direct aim at Greece’s shaky leftist government on Thursday, criticizing its economic policies, and in a timely reference,…

Commission revises, upward, GDP forecast for Greece; 2.2% in 2019, 2.3% in 2020

By N. Bellos [email protected] The European Commission on Thursday revised its forecast for Greek GDP growth, pointing to a slightly higher prediction for the ongoing year, compared to its forecast…

K. Bakoyannis given commanding lead in Athens mayor’s race

Main opposition New Democracy (ND) party’s official candidate for the municipality of Athens, Kostas Bakoyannis, is given an impressive lead – 33.8 percent of respondents – in a latest opinion…

Top EZ official: Concerns over delays in implementation of post-bailout conditions in Greece

By N. Bellos [email protected] Eurozone partners and Brussels continue to express concerns over the Greek government’s delays in implementing a handful of “post-bailout” prior actions, necessary conditions towards releasing a…

Wednesday, 06 February 2019

Tsipras tours Hagia Sofia, Halki seminary

Greek Prime Minister Alexis Tsipras referred to the need for a full respect of religious rights on Wednesday, speaking during his tour of the still-closed Christian Orthodox seminary on the…

Reports: Members of anarchist collective try to occupy north Athens office of Greek-Turkish chamber bldg

Up to 20 members of a notorious self-described “anarchist collective” were reportedly trying to occupy the north Athens offices of the Greek-Turkish Chamber of Commerce on Wednesday afternoon. The chamber’s…

Strong demand for 13W T-bills, yield reaches 0.5%

The Greek state drained 812 million euros from the markets on Wednesday during an auction of  13-week T-Bills. The auction was characterized by strong demand, compared to a similar sale…

Tuesday, 05 February 2019

Tsipras in Ankara: Both countries investing in a positive agenda

Greek Prime Minister Alexis Tsipras referred to “sincere talks” with Turkish President Recep Tayyip Erdogan on Tuesday afternoon, followed by expanded contacts between delegations of both sides. Speaking during a…

Study: Short-term lease sector increase in Greece estimated at 25%; 1.9 bln€

Grant Thornton estimates the short-term lease sector in Greece as growing by a whopping 25 percent last year, with revenues estimated at 1.9 billion euros, or 10 percent of the…

Greek-owned fleet again first in global value, at 105.22 bln USD

By L. Karageorgos [email protected] The Greek-owned merchant continues to hold first place in terms of value, with a significant difference from the second, according to Vesselvalue.com. Specifically, the Greek-owned fleet…

Lengthy Tsipras-Erdogan talks in Ankara on Tues.

Greek Prime Minister held more than two hours of talks on Tuesday in Ankara with Turkish President Recep Tayyip Erdogan at the presidential mansion, with talks ending at roughly 19.30…

Opel concession in Greece passes to Sigelides group

By J. Kanoupakis [email protected] The well-known Sigelides family, the exclusive importer of Citroën vehicles in Greece since 1965, has purchased the company importing Opel vehicles, a development that was made…

Shipowner Panagopoulos, 84, passes away

Well-known Greek shipowner and entrepreneur Pericles Panagopoulos passed away on Tuesday at the age of 84. After decades as a top shipping executive based in London, Genoa and Piraeus, he…

Greek parliament to debate, vote on fYRoM’s NATO accession protocol on Fri.

Greece’s Parliament will begin debate over a closely watched NATO accession protocol for the former Yugoslav Republic of Macedonia (fYRoM) on Friday, Feb. 8, Parliament President Nikos Voutsis announced on…