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Thursday, 14 February 2019

Kammenos: Tsipras recruited my deputies with promises of Cabinet posts

A messy “political divorce” between the up-until-recently coalition partners in Greece continued to generate headlines in the country, with former defense minister Panos Kammenos – the head of the smaller…

Mitsotakis, Gennimata in Germany this week

Main opposition New Democracy (ND) leader Kyriakos Mitsotakis will arrive in Germany on Thursday to attend the Munich Security Conference 2019 in the Bavarian city, where he’ll give a brief…

Greek banks must resubmit targets to SSM by March 29; talks continue over new legal framework

By E. Sakellari [email protected] Results of a Supervisory Review and Evaluation Process (SREP), sent to Greece’s systemic banks last week by the Single Supervisory Mechanism (SSM), cited the level of…

Govt moves to cut certain contributions for some employers, raise minimum monthly wages for others

By S. Papapetrou [email protected] At least three circulars are expected to be issued by the relevant labor and social insurances ministry next week in order to cut social security contributions…

Wednesday, 13 February 2019

Acrimonious constitutional revision debate held with a view to general election

A two-stage process for constitutional revision served as the latest political “battleground” between the Tsipras government and the opposition this week, especially with main opposition New Democracy (ND), with all…

Handelsblatt: Greek govt letting up on reforms; Tsipras pressured ahead of elections

Handelsblatt on Wednesday referred to delays in implementing already agreed-to reforms in Greece by the poll-trailing Tsipras government, as well as what it calls pressure exerted on the Greek prime…

New board for Greek Shipowners Association For Passenger Ships (SEEN); Sakellis re-elected as president

Michalis Sakellis was re-elected this week as the president of the Greek Shipowners Association For Passenger Ships (SEEN), following a general assembly last week held to elect a new board…

Greek, Turkish DMs meet in Brussels on sidelines of NATO meeting

New Greek Defense Minister Evangelos Apostolakis was meeting with his Turkish counterpart Hulusi Akar at roughly noon (local time) in Brussels, on the sidelines of a NATO ministerial summit in…

Diamantopoulou: Adherance to ban on non-state universities in Greece anachronistic

A former education minister and Greece’s one-time EU Commissioner, Anna Diamantopoulou, on Wednesday added her voice to political criticism in the country over the leftist Tsipras government opposition to any…

Fate of debt-laden Hellenic Sugar Industry to be decided this week

By V. Vegiri [email protected] Greece’s economy and development ministry, according to sources that spoke to “N”, is expected to unveil its position over the future of the state-run, and debt-laden,…

Tuesday, 12 February 2019

Final countdown for debut of ‘North Macedonia’ on Greece’s northern frontier

The government in Skopje is reportedly ready to send an official letter to the UN, its member-states and international organizations, of which it is a member, announcing the change of…

Tsipras govt presents Holy Synod reps plan for revisions in Church-state relations

The government on Tuesday presented a 10-page plan to implement a recent draft agreement between the state and the Church of Greece, ostensibly aimed at distancing the two side, especially…

Alpha Bank: Black Rock rights at 6%, 5% for Schroders

Alpha Bank on Tuesday announces that Schroders, following a relevant notification this week, now holds indirectly voting rights that correspond to an equal amount of common, registered, voting, dematerialised shares…

Mitsotakis reiterates ND demand to allow non-state, non-profit universities in Greece

Main opposition New Democracy (ND) leader Kyriakos Mitsotakis on Tuesday reiterated his personal and his center-right party’s position an overhaul of Article 16 of Greece’s constitution, speaking on the day…

Creditors link one-bln-euro tranche with conditions to be met by Athens

Reducing NPLs held by Greece’s systemic banks, accelerating privatizations and fully covering the state’s arrears to the private sector – all standing demands by institutional creditors during the memorandum era…

Monday, 11 February 2019

Reports: Govt, banks reach one major compromise on effort in renew protection for primary residences from creditors

The Tsipras government and Greece’s four systemic banks have reportedly reached at least one major compromise on the pressing issue of renewing legal protection of primary residences from creditors, with…

Russian envoy cites Greek interest in Turkish Stream pipeline extension

Russia’s ambassador to Athens this week referred to Greek interest, as he said, in a possible extension of the Turkish Stream natgas pipeline to the country. Ambassador Andrey Maslov was…

PPC CEO doesn’t rule out rate hikes

The head of Greece’s state-run Public Power Corp. (PPC), the dominant electricity provider in the country, on Monday did not rule out rate hikes. PPC president and CEO Manolis Panagiotakis…

Govt spox denies another bank recapitalization in the works; refers to ‘danger-mongering’

A government spokesman in Athens on Monday attempted to downplay resurgent speculation and concerns over “bad debt” burdening Greece’s systemic banks, held mainly in the form of non-performing loans (NPLs),…

Greece’s ‘super fund’ wants state-run companies in its portfolio to emphasize corporate governance, regulatory compliance

By F. Zois [email protected]  Greece’s “super fund”, officially called the Hellenic Corporation of Assets and Participations S.A. (HCAP), convened a meeting on Friday to iron-out cooperation with several major state-run…

‘Airbnb-effect’ cited for intense demand, price hikes in certain Greek neighborhoods; BoG cites lower rents overall

By T. Igoumenidi [email protected] A significant spike in rent prices, by as much as 50 percent, were recorded in specific districts in Greece where the so-called “Airbnb phenomenon” is the…

‘Bad debt’ emerges as the biggest specter plaguing Athens in the post-bailout period

The pressing issue of “bad debt” burdening Greece’s four systemic banks – a major concern of European creditors before and after the last bailout ended in August 2018 – has…

Sunday, 10 February 2019

Latest poll gives 5.5% point lead to ND over SYRIZA

Main opposition New Democracy (ND) party is given a 5.5-percentage point lead over ruling SYRIZA in the latest mainstream opinion poll to be published over the weekend. Although showing roughly…

Greece-based shipping companies’ remittances for 2017 near 3 bln USD

The major impact of the maritime shipping sector in Greece’s recovering economy was again confirmed this week, with figures compiled by the shipping and island policy ministry showing that total…

Friday, 08 February 2019

Greece ratifies NATO accession protocol for fYRoM, latter to join as ‘Republic of North Macedonia

A slim but solid majority of Greek MPs, 153 out of a total of 300 in Parliament, on Friday evening approved of a protocol for the accession of the former…

Mitsotakis reiterates opposition to Prespa pact, during Parliament debate for fYRoM’s NATO membership

Main opposition New Democracy (ND) leader Kyriakos Mitsotakis on Friday, speaking from Parliament’s podium, reiterated that MPs of his center-right party will vote against the NATO membership of the former…

US envoy meets with new Mt. Athos civil governor

US ambassador to Greece Geoffrey Pyatt on Friday met at his official residence in Athens with Kostas Dimtsas, the new civil governor of the semi-autonomous monastic community of Mt. Athos,…

Tender for 23 new patrol boats worth 49 mln€

The relevant shipping and island policy ministry this week announced an international tender for the purchase of 23 new patrol boats, a total contract worth nearly 49 million euros. The…

PPC’s board declares sale tender for lignite-fired units void

State-run Public Power Corp.’s (PPC) board of directors on Friday unanimously voted to declare an ongoing tender of a handful of lignite-fired power units as null and void, citing the…

‘Marianne & Leonard: Words of Love’ to kick off Thessaloniki documentary festival next month

Nick Broomfield’s documentary “Marianne & Leonard: Words of Love,” which recounts the now famous love story between late Canadian poet and musical legend Leonard Cohen and his Norwegian muse, Marianne…