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Thursday, 31 January 2019

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…

Monday, 28 January 2019

Greek PM announces raising of minimum monthly wage scale during televised Cabinet meeting

The figure of 650 euros per month (gross pay) was the “bonus” announced by Greek Prime Minister Alexis Tsipras himself on Monday, making the more-or-less expected announcement made during a…

Greek PM to announced monthly wage scale hikes during televised Cabinet meeting

Greek Prime Minister Alexis Tsipras is expected to take to the airwaves early Monday afternoon, during a nationally televised Cabinet meeting by the state broadcaster, to announce increases in the…

Athens says new five-year bond will be issued in ‘near future’

The Greek state on Monday, as widely expected, announced a five-year bond issue – maturing in April 2024, according to an announced by the Public Debt Management Agency. In a…

Govt orders state entities to transfer cash reserves to central bank by March 1

With the Greek state’s latest foray into money markets for its post-bailout borrowing needs, a decision by the finance ministry was published on Monday ordering all state entities to transfer…

Friday, 25 January 2019

New armed forces general staff chief appointed

Lt.-Gen. Christos Christodoulou has been promoted as the new chief of the Hellenic armed forces general staff, following a decision by the relevant government council for foreign affairs and defense…

Vandalism of monument on site of one-time Jewish cemetery in Thessaloniki again vandalized

A monument commemorating the Jewish cemetery that once stood on the grounds of the current Aristotle University of Thessaloniki was again vandalized on Friday, with vandals tearing off and breaking…

IMF on Greece: Increased growth, but also risks

The IMF forecasts increased growth and employment in Greece for 2019, although the Fund calls for a greater reduction in taxes and stepped up efforts to deal with banks’ “bad…

Prespa agreement ratified by Greek parliament, 153 MPs out of 300 voted in favor

A majority of deputies in the 300-MP Greek Parliament on Friday ratified the landmark Prespa agreement, which aims to resolve the nearly three-decade dispute over the neighboring former Yugoslav Republic…

Greek state to issue 26w T-bills on Jan. 30

Greece’s Public Debt Management Agency on Friday said the Greek state will auction 26-week T-Bills totaling 625 million euros on Jan. 30, 2019, in book entry form, and with maturity…

Govt promises installment plan for social security fund arrears coming in Feb.

By S. Papapetros [email protected] A long-awaited measure to allow 120 installments for paying off arrears to Greece’s social security funds, a particularly acute problem for the country’s self-employed professionals, will…

Thursday, 24 January 2019

Opinion poll: 62% of respondents say Prespa agreement ‘negative’ for Greece; double-digit lead for ND

A large majority of respondents, 62 percent, consider the Prespa agreement as “negative” for Greece, according to results of an opinion poll unveiled on Thursday, as debate continued in Parliament…

Israel’s Fattal group wins long-term lease for central Athens hotel property

Israel-based Fattal Hotel company, widely known with its Leonardo brand name, has reportedly secured the long-term lease of the one-time Esperia Palace property in central Athens, with the contract worth…

Vote for Prespa pact ratification on Fri.

Α crucial vote for ratification of the Prespa agreement has been bumped to Friday at 2:30 p.m. local time, with debate on Thursday to expected to end after midnight, due…

Quake, 5.4 on Richter scale, shakes Rhodes

An earthquake measuring 5.4 on the Richter scale was recorded at 4:30 p.m. (14.30 GMT) east, southeast of the Dodecanese island of Rhodes, according to a geological institute in Athens.…

Leftist SYRIZA party sec’t expresses support for Maduro

A delegation of ruling SYRIZA met in Athens on Thursday with the Venezuelan embassy’s chargé d’affaires in Greece, with the leftist party’s secretary, former minister Panos Skourletis, with the latter…

Disagreement between creditors, Greek govt over primary residence protection framework

E. Sakellari [email protected] Institutional creditors’ top auditors and Greek finance ministry officials continued talks in Athens this week over a successor framework for legal protection of primary residences from creditor…

Tsitsipas falls easily to Nadal in Australian Open semis

Twenty-year-old Stefanos Tsitsipas “Cinderella” appearances at the Australian Open came to an abrupt end on Thursday with his decisive defeat in the semi-finals by tennis heavyweight Rafael Nadal in straight…

Costas Karamanlis on Prespa agreement: ND’s criticism ‘powerful and fully documented’

Former Greek prime minister Costas Karamanlis (2004-2009) on Thursday removed any doubts over his stance regarding the contentious Prespa agreement, which comes up for ratification in Greece’s Parliament later in…