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Wednesday, 14 November 2018

Greek budget: Revenues in Oct. 18 exceed target by 576 mln€

The monthly target for collecting state revenues was easily surpassed last month, October 2018, according to figures released on Wednesday by the finance ministry. Specifically, revenues reached 5.1 billion euros…

MP, ex-minister Georgiadis sues Novartis; claims silence in face of allegations against him

Former minister and high-profile New Democracy (ND) party deputy Adonis Georgiadis on Wednesday said he has formally filed a lawsuit against Swiss pharmaceutical multinational Novartis, charging that the company “remains…

MSCI decision to downgrade shares of 3 Greek systemic banks drags down ATHEX banking index

MSCI’s decision, on Tuesday, to shift (as of Nov. 30, 2018) the shares of three Greek systemic banks – Piraeus, National and Eurobank – from its MSCI Standard Greece index…

Long-term lease of four Poseidon Containers vessels to CMA CGM

Poseidon Containers this week announced that it will lease, on a long-term basis, four of its vessels to CMA CGM, and specifically the ships “Mary”, “Kristina”, ‘Katherine” and “Alexandra”. The…

Ex-PM Simitis: ‘I’ll respond to this slander after I ascertain who is behind it’

Former Greek prime minister Costas Simitis on Wednesday said he’ll respond to what he charged is slander against him after he ascertains who is behind it, hours after an Athens…

Unified social security fund (EFKA) posts 866 mln€ budget surplus over Jan-Sep 2018 period

By S. Papapetros [email protected] Revenues collected by the unified social security fund (EFKA) in Greece over the first nine months of 2018 exceeded 28.18 billion euros, with the cash basis…

Draft bill foresees 5-25% on arrears owed by state to health care sector

A draft bill tabled in Greece’s Parliament this week by the labor and social insurances ministry foresees “haircuts” of between 5 to 25 percent on arrears owed by the state…

Press report: Anti-money laundering watchdog requests opening of bank accounts for ex-PM Simitis, 2 ministers

Anti-corruption prosecutors have reportedly set in motion the process to open bank accounts held by former Greek prime minister, his wife, brother, as well as two former PASOK party ministers,…

Tuesday, 13 November 2018

Dep. chief of Greek army general staff in Washington last week

Greek army general staff deputy chief Lt. Gen. Nikolaos Manouris visited the Hellenic House in Washington D.C. last week, where he met with American Hellenic Institute (AHI) President Nick Larigakis…

Parliament Budget Office refers to prospect of 4.5% primary budget surplus for 2018; warning over pension cut returns

The head of the Greek Parliament’s Budget Office on Tuesday appeared optimistic over the prospects of the primary budget surplus for 2018 reaching 4.5 percent of GDP, a figure that…

Another fatal road accident involving migrant smuggler reported outside Thessaloniki

Yet another fatal road accident involving migrant trafficking was reported in the early morning on Tuesday outside the northern city of Thessaloniki. One woman, identified as a foreign national, died…

Govt tables draft bill to reduce self-employed professionals’ social security contributions

The government on Monday evening announced a reduction of social security contributions by 33.3 percent for self-employed professionals and farmers, with the measure to apply as of Jan. 1, 2019,…

EBRD forecasts Greek economic, labor sector recovery, but at very slow rate

The European Bank for Reconstruction and Development (EBRD) forecasts a recovery in the Greek economy and the country’s labor market, but at an extremely slow pace, with the prediction found…

Euler Hermes senior economist to ‘N’: Confidence shaken if reforms slacken; mostly positive outlook for Greece

Senior Euler Hermes and Allianz economist Katharina Utermoehl said the Greek government was slipping in its reform program, making particular reference to a scheduled and pre-legislated round of social security…

Govt source in Athens claims pension cuts avoided, and that higher spending OK’d

The latest “spin” out of Athens regarding the Tsipras government’s stepped up attempt to avoid already pre-legislated pension cuts, set for implementation on Jan. 1, 2019, came on Tuesday morning,…

Makeshift bomb fails to detonate outside east Athens residence of supreme court prosecutor

An explosive device, reportedly packed in a pressure cooker, was found outside the east Athens apartment building where a supreme court deputy prosecutor resides. Authorities located the object after an…

Monday, 12 November 2018

Turkish ‘exceptionalism’ in interpreting maritime law, boundaries spreads to Libya

Turkey’s “exceptionalism” in terms of unilaterally interpreting maritime borders and rights – in lieu of adhering to the UN Convention on the Law of the Sea (UNCLOS) – reached war-torn…

Greek shipping allocates more than 10 bln USD for new, second-hand vessels in Jan-Oct ’18 period

By L. Karageorgos lkar@naftemporikigr Greek shipowners and shipping interests allocated more than 10 billion USD over the Jan-Oct. 2018 period for new vessel orders and second-hand ships, according to figures…

Violence at Athens court complex involving self-styled anti-state activists

Three police officers were slightly injured on Monday at the Athens first instance court complex during an unprecedented scuffle involving up to 50 self-styled anti-state activists, on the sidelines of…

Wood: Risks and solutions for Greek banking system

Wood & Company this week reminded that there’s “no magic wand” in dealing with the Greek banking system’s problems, such as clearing NPLs and replenishing deferred tax credits following a recent…

Tsipras in Berlin: ‘Clear head’ in July 2015 helped me take ‘difficult decisions’

Greek Prime Minister Alexis Tsipras’ recollection of how he opted to avoid “Grexit” in July 2015 and resulting consequences from a forced or voluntary departure of the country from the…

BoG points to higher residential property prices in Q3 2018, by 2.5% yoy

The Bank of Greece (BoG) on Monday released a report showing that residential prices in the country increased by 2.5 percent, on average, in Q3 2018, compared with the same…

Mitsotakis in Serbia this week

Main opposition New Democracy (ND) president Kyriakos Mitsotakis will travel to Belgrade on Monday, as part of an official visit to Serbia. The center-right political leader will give an interview…

Ex anti-corruption prosecutor sues successor of alleged Novartis case leaks

The former top anti-corruption prosecutor in the country, Eleni Raikou, on Monday filed a petition to exclude her successor, Eleni Touloupaki, as well as another two assistant prosecutors overseeing a…

Govt to boost end-of-year liquidity via one-off welfare bonus, returning some pay cuts, covering arrears; GDP target eyed

By T. Tsiros  [email protected] The Tsipras government is reportedly banking on four initiatives over the last two months of 2018 to boost liquidity in Greece’s still feeble markets, and by…

Tirana declares Cypriot MEP persona non grata days after she attended funeral of ethnic Greek man killed in police shootout

Albania’s foreign ministry on Saturday announced that it was banning the entry into the country of Cyprus MEP Eleni Theocharous, days after she attended the funeral of an ethnic Greek…

Sunday, 11 November 2018

Border post on Greek-Bulgarian frontier blocked due to protest on Bulgarian side

Press reports on Sunday evening cited a protest on the Bulgarian side of the Promachonas/Kulata border post connecting Greece with Bulgaria that has stranded dozens of vehicles and their drivers…

Greek PM Tsipras attends Paris commemoration of WWI’s end

Greek Prime Minister Alexis Tsipras was hand in Paris on Sunday for events to commemorate the centennial of the end of World War I, an anniversary that brought together practically…

ExxonMobil readies for more hydrocarbon exploration in Cyprus’ EEZ

An ExxonMobil-contracted drillship, the Stena IceMax, arrives on Monday at the Cypriot port of Limassol on Monday ahead of scheduled hydrocarbon exploration in “Block 10” of the Republic of Cyprus’…

Kenya’s Kipkorir Misoi wins Athens Marathon with record time of 2:10:56

A Kenyan long-distance runner was again the winner of the 36th annual Athens Authentic Marathon, with Kipkorir Misoi on Sunday covering the distance from a site just outside the township…