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Tuesday, 05 February 2019

Media reports: Ankara issues 5.6-mln USD bounty on 8 ex-officers that have sought asylum in Greece

Media reports in Athens on Tuesday cited a same-day bounty issued by Ankara against eight former Turkish military officers that have sought political asylum in Greece since July 2016, in…

Moderate quake off NW Greece, 5.2 on R scale

An earthquake measuring 5.2 on the Richter scale was recorded at 04.26 (02.46 GMT) northwest of the Ionian coastal city of Preveza. The tremor was pinpointed as 14 kilometers west-northwest…

Monday, 04 February 2019

Govt, banks trying to bridge differences over new legal protection framework for primary residences

By E. Sakellari [email protected] The Greek government’s proposal to replace the soon-to-expire legal protection extended to households’ primary residences from creditors’ demands will, by all accounts, revolve around three main…

Acropolis avoids ‘unknown owner’ designation at the last minute

Inclusion of properties in the greater Athens area in the under-construction national cadastre has brought to light several “peculiarities” of late, with the most characteristic being the Acropolis archaeological site,…

Light quake, 4.3 on R scale, in SW Greece

A light quake measuring 4.3 on the Richter scale was recorded at 19.41 (17.41 GMT) on Monday in a sea region between the Ionian island of Zakynthos and the southwest…

Shaky Greek govt adds another 6 independent MPs who fled, were expelled from other Parliament parties

A new and increased “unofficial” government majority emerged on Monday after six MPs originally hailing from different parties informed the parliament president that their affirmative vote should, from now on,…

Tsipras’ official itinerary for 2-day visit to Turkey released

Greek prime minister Alexis Tsipras’ office on Monday released an official itinerary for his two-day visit to neighboring Turkey on Tuesday and Wednesday, with visits to both Ankara and Istanbul.…

Mitsotakis support for Guaido; calls on leftist Tsipras govt to ‘align’ with rest of EU on Venezuela issue

Main opposition New Democracy (ND) leader Kyriakos Mitsotakis on Monday stepped up pressure against the Tsipras government to align itself with the rest of the European Union on the issue…

Tsipras abruptly ends efforts to change parliament rules in favor of collapsing smaller parties

Greek Prime Minister Alexis Tsipras on Monday morning abruptly ended an initiative, ostensibly being promoted by Parliment President Nikos Voutsis, to change the legislature’s rules in order to maintain perks…

Saturday, 02 February 2019

Tsipras receives Turkey’s new envoy to Greece

Greek Prime Minister Alexis Tsipras on Saturday received Turkey’s new ambassador to Greece Burak Özügergin, days before the former is expected to arrive in Istanbul for an official visit on…

Latest poll gives ND 12.1-point lead over SYRIZA

Main opposition New Democracy (ND) party appears one step closer to achieving a majority government, at least according to a poll published over the weekend by the “Vima” weekly. Specifically,…

Friday, 01 February 2019

New Zeus Capital Management investment, this time in Warsaw

Zeus Capital Management this week announced a new investment in Poland, with the purchase of an office complex, Graffit, in Warsaw. Market analysts put the property’s value at 52 million…

Eldorado Gold cuts back funding for Greece operations, amid ongoing legal delays and red-tape

By L. Kalamara [email protected] Eldorado Gold has cut back this year’s funding for its troubled Hellas Gold subsidiary, as the latter continues to face recurring bureaucratic and legal obstacles and…

Moody’s: Greece’s return to markets positive, risks remain

Reuters on Friday cites a Moody’s assessment of Greece’s return to sovereign borrowing markets as a “credit positive” event, days after the Greek state issued a 2.5 billion euro bond.…

Concerns at EWG over post-bailout developments in Greece

A final decision on when Greece will receive a 600-million-euro tranche generated from profits on Greek bonds held by the ECB and Eurozone member-states’ central banks will come on Feb.…

Thursday, 31 January 2019

Greek Dep. PM on ‘bad debt’ crisis: If we’re not careful, banks may be led to point of needing fresh capital

Greek Economy Minister and Deputy PM Yannis Dragasakis on Thursday again sounded “warning bells” over the high level of non-performing loans (NPLs) plaguing Greek banks’ spread sheets. “We cannot underestimate…

Mitsotakis forecasts general election in May, along with Europarliament poll

Main opposition New Democracy (ND) leader Kyriakos Mitsotakis on Thursday told party cadres that he believes national elections will be held in tandem with European Parliament elections in May. General…

Narrative of Greek ‘success story’ now trumping creditors’ strict ‘enhanced supervision’ regime

By Vassilis Kostoulas [email protected] The Tsipras government’s unilateral decision this week to increase the minimum monthly wage scale by 11 percent – something repeatedly promised over the recent period –…

11-mln€ ΕΙB backing for Greek secure ΙD documents production

The European Investment Bank (EIB) on Thursday announced a 10-year loan worth 11 million euros with Veridos Matsoukis for the printing of secure ID documents for the Greek state. According to…

Greek govt promises another 9,000 public sectors hirings for 2019

The Tsipras government this week pointed to another 9,000 public sector hirings for 2019, continuing a string of recent spending initiatives ahead of three elections during the year. On Thursday,…

IHS Markit: With current growth rates, Greek economy will return to 2007 levels in 2040

IHS Markit forecasts sluggish growth rates for the Greek economy over the medium term, adding that projected growth is not enough to reduce the public debt.    The London-based global…

Tax bureau: Contracts between owners, managers of Airbnb-type lodgings also liable for stamp duty

Greece’s independent public revenues authorities this week announced that a stamp duty is due on contracts between property managers and owners when the property is set for short-term leasing via…

Wednesday, 30 January 2019

Bloomberg on Greek bond sale

Two thirds of a Greek five-year bond floated on Tuesday has ended up with fund managers, Bloomberg reported on Wednesday, with hedge funds ending up with 11 percent. The international…

Prespa agreement continues to generate political reax; latest Tsipras comments under fire

The recently ratified Prespa agreement continued to generate political clashes this week, with the latest outbreak coming after a videotaped conversation between Greek Prime Minister Alexis Tsipras with French President…

Analysts waiting to gauge effects of govt-mandated minimum monthly wage hike in private sector

By Τhanos Tsiros [email protected] Effects of a unilateral government decision this week to raise the minimum monthly wage scale in Greece now ranks as among the major “wagers” in the country’s…

Tuesday, 29 January 2019

Diplomatic sources: Tsipras in Istanbul early next month

By G. Fokianos [email protected] Greek Prime Minister Alexis Tsipras is expected in Istanbul on Feb. 5 for an official visit to Turkey, according to diplomatic sources in Athens on Tuesday.…

High buyers’ interest for Greek five-year bond; yield at roughly 3.6%

The Greek state will reportedly drain roughly 2.5 billion euros from a five-year bond it floated on Tuesday, with the yield hovering at 3.6 percent. Demand was reported as very…

Guaidó calls on Tsipras govt to fall in line with rest of EU concerning Venezuela; invites Greek PM to country

Reverberations from the ongoing political and economic turmoil in far-off Venezuela reached Greece this week, after the former’s National Assembly President and self-declared interim president, Juan Guaidó, pointed to what…

First reactions to govt’s unilateral hike in minimum monthly wage scale mostly negative by business sector

The first reactions from Monday’s unilateral increase of private sector minimum monthly wage scales – made by Greek Prime Minister Alexis Tsipras himself during a televised Cabinet meeting – came…

Reuters: Greece has opened books for new 5-yr bond; initial guidance of 3.75-3.875%

The Greek state has “opened books” for a closely scrutinized new five-year bond, Reuters reported on Tuesday afternoon, citing an unnamed source. The news agency reminded that it was Greece’s…