English

Wednesday, 20 March 2019

Commission’s Costello in Athens: Greek GDP growth should reach 3.5 to 4% annual

European Commission mission chief for Greece Declan Costello on Wednesday repeated the EU executive’s message of staying on the “reform path”, speaking in Athens at a conference organized by the…

Petrofin research study shows slightly less Greek shipping firms, higher concentration

By L. Karageorgos [email protected] The number of Greek-controlled shipping companies again dropped, slightly, in 2018, continuing a negative trend for a seventh straight year, with the number standing at 588…

ND leader promises to jumpstart delay-plagued Helleniko investment if elected

Main opposition New Democracy (ND) leader Kyriakos Mitsotakis emphasized his pro-market and pro-reform credentials on Tuesday by touring a site that, on paper at least, is one of the biggest…

Tuesday, 19 March 2019

Piraeus container port on course for top ranking in Med; 5th in Europe

By A. Tsimplakis [email protected] Piraeus’ container port is in the “top 5” in Europe based on figures for the first two months of the year, with piers II and III…

Greece first among EU28 in spending for pension; in last places for health, education

State spending in Greece, as a percentage of GDP, is the sixth highest amongst European Union countries, according to figures released on Tuesday by Eurostat. In determining where the spending…

16 ‘prior actions’ on Athens’ ‘plate’ to fulfill ahead of next Eurogroup

By T. Tsiros [email protected] Beyond the still unfinished legal framework for protection of primary residences in Greece from creditors, the country’s Eurozone partners and other European institutions will also consider…

Tax authority circular on trade, transactions with North Macedonia; license plates, passports to feature ‘NM’, ‘NMK’

Greece’s independent public assets authority (AADE) on Monday issued an urgent circular towards all state-affiliated entities in the country, detailing customs and other financial procedures involving trade and transactions with…

Monday, 18 March 2019

Greek PM Tsipras rules out Europarliament, general elections together

Greek Prime Minister Alexis Tsipras on Monday evening again pledged that he will not declare snap elections in the country coinciding with May’s European Parliament elections. “Even though many have…

Four suitors express interest in Thriasio II hub

By F. Zois [email protected] Four suitors have expressed an interest in the Thriasio II project, a 1.45-sq-kilometer rail-linked logistics and transit hub in the same-name industrial district due west of…

Bank employees union cites new collective bargaining agreement for 2019-21 period

The federation representing bank employees in Greece (OTOE) this week announced that it has reached a collective bargaining agreement with bank managements for the 2019-2021 period, with the highlights being,…

Online applications for rent subsidy reveal numerous instances of tax evasion

By T. Tsiros  [email protected] A large cache of online applications by would-be beneficiaries of a rent subsidy – one of a handful of welfare spending measures being doled out by…

Russia recognizes North Macedonia under new name

The Kremlin on Monday finally recognized the newly christened Republic of North Macedonia under its new constitutional name, despite previous reservations expressed over the legality, as it claimed, of a…

Professional fisherman dies off western Greece after casting his net

An odd but tragic accident was reported over the weekend with a 67-year-old fisherman dying under still undetermined circumstances moments after casting his nets along a rocky shoreline off the…

Sunday, 17 March 2019

Breathtaking aerial scenes of Mt. Smolikas – Greece’s far lesser known second-highest peak

Most geography-savvy people in the world, as well as ancient mythology buffs, know that Mt. Olympus is the highest peak in Greece, but how many – including Greeks – know…

Panathinaikos-Olympiacos derby interrupted, finally suspended due to hooligan pitch invasion

Yet another Greek Superleague derby was interrupted by hooligan violence and finally suspended, with the Panathinaikos Athens-Olympiacos Piraeus match stopped in the 69th minute on Sunday at the Athens Olympic…

Light quakes shakes Ionian isle of Zakynthos

A 4.5 on the Richter scale earthquake shook the Ionian island of Zakynthos just before 14.00 (12.00 GMT) on Sunday. According to the Geodynamic Institute of Athens, the quake’s epicenter…

Burgeoning ‘Athenian Riviera’ entails prospect of massive boost for Greek tourism

Two emblematic investments in the so-called “Athens Riviera”, the coastline extending roughly from Neo Faliro southeast all the way to renowned Cape Sounion, will have a significant impact on the…

Friday, 15 March 2019

BoG Gov. Stournaras details risks, challenges for recovering Greek economy

Bank of Greece (BoG) Gov. Yannis Stournaras stayed “on message” on Friday, saying the country’s economic recovery depends on continued – and agreed to – reforms, privatizations, a significant reduction…

Six contenders in latest tender for two PPC power stations

A total of six consortia and companies, one more than the last international tender, expressed an interest for the purchase of two Public Power Corp. (PPC) lignite-fired power stations, Meliti…

Binding offers for Alimos marina unsealed; assessment this month

Greece’s privatization agency, the Hellenic Republic Asset Development Fund (HRADF), on Friday unsealed binding offers for the Alimos marina in coastal southeast Athens. The three binding offers on the table…

Greek foreign ministry reax to Erdogan quip on military flights in Aegean

Athens immediately responded on Friday to inflammatory statements a day earlier by Turkish President Recep Tayyip Erdogan, who, among others, said “we (Turkish military) scramble aircraft in the Aegean, as…

Creditors’ objections still holding up new framework for protection of primary residences

European creditors, especially the European Central Bank (ECB), have reportedly tabled four main objections to the proposed framework presented by the Greek government for protection of primary residences in the…

Thursday, 14 March 2019

Evo Morales in Greece for two-day visit

Bolivian President Evo Morales began a two-day official visit to Athens on Thursday, one of his rare exits from the land-locked South American country. Morales addressed a crowd composed mostly…

Entry fees for 24 archaeological sites, museums in Greece to increase as of 2020

Entrance fees at 24 archaeological sites, museums and monuments around the country will be increased in 2020, while the relevant culture ministry also announced the abolition of the 1- and…

Greek industrialists call for urgent signing of double tax avoidance agreement with North Macedonia

Greece’s association of industrialists has addressed a letter to the relevant finance minister requesting the urgent composition and signing of a double tax avoidance agreement with the neighboring Republic of…

Several constitutional revisions passed in first-step of ratification; president’s elex separated from dissolution of Parliament

A bundle of proposals for constitutional revision, tabled by the leftist Tsipras government, passed with a simple majority of deputies in Parliament on Thursday, meaning that in order to make…

Integrated casino resort at Helleniko site to cover 634,000 sq. meters

By T. Igoumenidi [email protected] An integrated casino resort (IRC) at the Helleniko site – one of the biggest real estate development projects in Europe – will cover 634,000 square meters,…

Regling dampens Athens’ hopes for easing of primary budget surplus target in place until 2023

European Stability Mechanism (ESM) Managing Director Klaus Regling told Greek media on Wednesday that Athens is committed to posting a primary budget surplus of 3.5 percent (of annual GDP) until…

IMF report: Greece aims to pay off 60% of debt to Fund (4.6 bln€) immediately

The IMF’s country report on Greece this week confirms that the Tsipras government intends to pay off as much as 60 percent of its debts to the Fund before maturity…

Tsakalotos on first months of SYRIZA govt: We were weaker than we believed; failure to detect major tax evasion

Greek Finance Minister Euclid Tsakalotos was revealing on Wednesday in regards to the first six months of the Tsipras government in 2015, a period punctuated towards its end by failed…