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Thursday, 07 February 2019

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…

Greek GDP performance for Q4 2018, entire year to be released before March Eurogroup

By T. Tsiros [email protected] Greece’s economic performance for Q4 2018, as well as the entire year, will be announced in early March, days before a crucial Eurogroup meeting will decide…

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 –…