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Tuesday, 06 November 2018

Commission’s econ forecasts deemed as crucial in deciding Athens’ request to suspend pension cuts

By N. Bellos and T. Tsiros     A European Commission report this week on the course of member-states’ economic performance is deemed as crucial in gauging the “fiscal space” that…

Greece one of 8 countries temporarily excluded from US ban on Iranian oil

Greece is one of eight countries that Washington will exempt from oil sanctions it slapped this week on Iran, with US Secretary of State Mike Pompeo said, in making the…

Monday, 05 November 2018

Attorney: Body of ethnic Greek man killed in shootout with police in southern Albania to be released on Tues.

An attorney representing the family of a 35-year-old ethnic Greek man killed in a shootout with Albanian police last week on Monday told an Athens television station that the victim’s…

First locally owned, managed hydroelectric plant inaugurated in NW Greece

Greece’s first locally owned and managed hydroelectric unit was inaugurated on Monday in the Velventos district in northwestern Kozani prefecture. The 1.9MW-unit is operated by a local Organization of Land…

High court prosecutor order preliminary probe into claims contained in a suit by former FM Kotzias’

A supreme court prosecutor has ordered a preliminary investigation stemming from a “fictitious defendants” lawsuit filed by former foreign minister Nikos Kotzias last week, over what the latter alleges is…

Bakoyannis announces candidacy for Athens municipality

The regional governor of central Greece (Sterea Ellada), Costas Bakoyannis, on Monday officially announced his candidacy for the city of Athens, a development that was more-or-less expected over the recent…

Creditors consider impact of acquiescing to Athens’ request to suspend looming pension cuts measure

By Vassilis Kostoulas [email protected] Greece’s creditors seem not particularly concerned over the prospect of the Tsipras government suspending a pre-legislated social security reduction that’s set for implementation on Jan. 1,…

Coalition-backing MPs on Parliament committee claim possible wrongdoing by political rivals, ex-health ministers

A majority of members on  a Parliamentary committee of inquiry, as expected, on Monday attributed “political responsibility” to previous health ministers’ handling of the case involving the bankrupt Henry Dunant…

Land registry chief: Some 170K properties of ‘unknown owner’ will revert to state ownership

The president of Greece’s land registry, officially called the National Cadastre & Mapping Agency S.A., this week said system now includes nearly 30 percent of property rights in the east…

Dep. social insurances minister: No issue of retroactive returns to all pensioners

A relevant deputy social insurances minister on Monday alluded to reasons of “public interest” in precluding the retroactive return of previously cut pension benefits to all affected beneficiaries in Greece.…

Five commercial air carriers based, operate in Greece; 485 aircraft on Greek registry

Twenty-one aviation companies, with a total of 485 aircraft, are based and operate in Greece, according to figures released by the country’s Civil Aviation Authority last week. Most of the…

Industrial users decry PPC intent to raise power rates, cut discounts

The Hellenic Union of Industrial Consumers of Energy (UNICEN), which represents Greece’s power-intensive companies on energy-related issues and regulatory matters, has sharply condemned a recent initiative by the state-run Public…

Sources: Out-of-court settlement process for businesses expected to be extended

Extension of an out-of-court settlement framework for arrears owed by businesses, by six months or even a year, is considered a highly likely prospect, according to well-informed sources that spoke…

Sunday, 04 November 2018

Mitsotakis confident ahead of next elex: Greece first EU country hit by populism, first to be rid of populists

Main opposition leader Kyriakos Mitsotakis on Sunday promised a major renewal of his center-right New Democracy (ND) party’s candidate lists for next year’s general election, which cannot be held later…

More Erdogan saber-rattling: ‘We will not leave seas to bandits’

The latest “tough talk” emanating from neighboring Turkey came from none other than powerful Turkish President Recep Tayyip Erdogan on Sunday, during a military ceremony take possession of two new…

Friday, 02 November 2018

89 people picked up by coast guard off Samos in 2 migrant-smuggling instances

A total of 89 third country nationals attempting to land on Greek territory were located in two instances off the eastern Aegean island of Samos on Friday and subsequently transferred…

GasLog revenue, profits up in Q3 2018

Major LNG operator GasLog’s revenue 158.4 million USD in the third quarter of 2018, up from 131.2 million USD in the same quarter of 2017, while profits reached 39.3 million…

Reports: Chenavari fund in talks for majority stake of Aegean Baltic Bank

By A. Tsimplakis [email protected] UK-based credit fund Chenavari is apparently ready to enter the Greek market, amid its ongoing negotiations to acquire a majority stake in Aegean Baltic Bank, which…

BoG Gov: Efforts to reduce NPEs, NPLs paying off

Bank of Greece (BoG) Gov. Yannis Stournaras on Friday said after three successive recapitalizations Greece’s four systemic banks now enjoy amongst the highest capitalization rates in the Eurozone, as well…

Former Novartis Greece chief Frouzis, 2 physicians acquitted of bribery charges

Two public health system physicians and the former vice-president and general director of Novartis’ subsidiary in Greece, Costas Frouzis, were acquitted of bribery charges – passive and active, respectively –…

Telegraph: AI-assisted lie detectors on EU borders; Greek opposition leader request Parliament debate on migrantion issue

The European Union is ready to begin the pilot use of AI-assisted lie detectors at its external borders, part of a plan to combat organized crime and terrorism, the Telegraph…

Handelsblatt: Markets suspicious of Greece

Handelsblatt on Friday recalled a now infamous boast by then firebrand opposition leader Alexis Tsipras in 2014, namely, that “we’ll beat the tabor (snare drum) and the markets will dance”,…

Jailed ex-minister says he’s consenting to immediate opening of bank accounts

Jailed former finance and economy minister Yannos Papantoniou, one of the most influential Cabinet members in the Simitis governments between 1996 and 2004, on Friday said he and his spouse…

Tsipras-Netanyahu meeting in Varna on sidelines of Balkan summit meeting

Greek Prime Minister Alexis Tsipras on Friday referred to “close cooperation” between Greece and Israel and the strategic significance of the Balkans, during a meeting with Israeli Prime Minister Benjamin…

Opposition points to last-ditch mudslinging effort by poll-trailing Tsipras govt as general elex looms

By G. Kampourakis [email protected] The political thermometer in post-bailout Greece dramatically heated up this week following leaks, mostly in pro-government media, that a majority of Parliament MPs – all backing…

Anarchist raid at Argentine embassy in Athens

Some 10 members of a self-styled anarchist “collective” on Friday continued their string of recent “interventions” at diplomatic missions in the Greek capital, with a raid against the Argentine embassy…

Thursday, 01 November 2018

Athens-Skopje direct air link resumed

An Athens-Skopje air link was resumed on Thursday, with an Olympic Air passenger jet taking off from the Eleftherios Venizelos International Airport for the capital of the former Yugoslav Republic…

Real estate company denies wrongdoing in Golden Visa-linked property purchases by Chinese brokers

The Athens-based company now at the center of scrutiny over alleged Chinese capital control violations linked with residency visa-granting property purchases in Greece on Thursday decried what it called inaccurate…

EBRD maintains GDP growth forecasts for Greece: 2.2% in 2018, 2.3% in 2019

The European Bank of Reconstruction & Development on Thursday again forecast GDP growth for Greece at 2.2 percent this year, rising to 2.3 percent in 2019, retaining the same forecasts…

Realtors’ president refers to ‘pyramid’ involving Golden Visa-linked property purchases via Chinese brokers, POS payments

By T. Igoumenidi [email protected] A very high-profile case involving alleged capital control violations in far-off China linked with property purchases in Greece, combining the export of capital via POS transactions…