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Sunday, 09 December 2018

FinMin reiterates intent to ‘avoid’ austerity measure entailed with lower tax-free income threshold

The poll-trailing Tsipras government will reportedly attempt to dodge another creditor-mandated “bullet” in the coming year, after ultimately avoiding a pre-legislated round of pension cuts that were scheduled to be…

Friday, 07 December 2018

Cosco considers separating draft master plan for Piraeus port in order to speed up process

By A. Tsimplakis [email protected] Chinese multinational Cosco and the Greek state are reportedly examining the possibility of separating a draft master plan for the Piraeus Port Authority, managed by the…

Tsipras from Moscow: We’re looking ahead, leaving behind case of diplomats’ expulsion

The Greek and Russian leaders attempted to put last summer’s diplomatic standoff behind them on Friday, with Prime Minister Alexis Tsipras saying Athens wants to “look forward, the case is…

DM, coalition partner Kammenos: Prespa agreement discussion ended after latest Zaev comments

Greek Defense Minister Panos Kammenos, who heads up the junior partner in the current coalition government, on Friday took advantage of the latest statements by the prime minister of the…

Putin receives Tsipras at Kremlin

Russian President Vladimir Putin received visiting Greek Prime Minister Alexis Tsipras as the Kremlin on Friday, three and a half years after the latter last met him in Moscow and…

Zaev revisits ethnic ‘Macedonians’, ‘Macedonian language’ issue in latest Prespa pact twist

The prime minister of the former Yugoslav Republic of Macedonia (fYRoM), Zoran Zaev, on Thursday continued to cause waves, as far as Athens is concerned, in the highly sensitive and…

Draft bill envisions ‘right-of-use’ extending into decades for owners of illegally built structures in forest zones

The latest draft amendment with a distinct “aura” of pending elections in 2019 was tabled in Parliament this week, essentially giving the owners of illegally built structures in “settlements” within…

Thursday, 06 December 2018

Criteria for latest end-of-year ‘social dividend’ benefit announced; 1.3 mln households reportedly eligible

The Tsipras government’s “holiday bonus” for 2018 to low-income beneficiaries in the country will range from 200 to 1,200 euros, with some 1.3 million households reportedly meeting the criteria, which…

Kavala police say a compatriot the culprit in Albanian teen’s murder; incident causes row between Athens, Tirana

Police on Thursday in northern port city of Kavala said an underage suspect has admitted to the fatal shooting this week of an 18-year-old man in the city, an incident…

Official unemployment eases to 18.6% in Sept. 2018

Unemployment continued to drop in September 2018, according to the Greek statistics authority, easing to 18.6 percent, compared to 20.8 percent in the corresponding period of 2017 and down from…

Metis Cyberspace CEO Konstantinidis to ‘N’: Hi-tech advances, AI aim to complement, boost mariners’ skills

By L. Karageorgos The rapid pace of technological advancements in maritime shipping over recent years is dramatically transforming and expanding the sector’s prospects, yet the “human factor” will remain imperative…

Welt: One in every two new LNG ship orders by Greek interests; major share held by latter in fuel’s transport

German daily Welt this week touched on what it called the noteworthy expansion of the global liquefied natural gas sector, noting that Greek shipping interests now control a significant share…

Major police presence in central Athens on anniversary of HS pupil’s fatal shooting by officer

Greek authorities were on high alert on Thursday, especially in central Athens, on the occasion of the 10th anniversary of the fatal shooting of a high school pupil by a…

MediaMarkt Turkey CEO to temporarily take over helm at German retailer’s Greece subsidiary

By L. Kalamara [email protected] A management shakeup is apparently on the horizon for German multinational Ceconomy’s subsidiary in Greece, in the wake of the departure of the latter’s CEO, Dimitris…

First e-charging of commercial vessel at Greek port this month

By A. Tsimplakis [email protected] Greek shipping will enter a more eco-friendly “electricity era” this month with the charging of the ferry boat “Fior di Levante”, during its overnight anchoring at…

Aegean Airlines MoU with Pratt & Whitney for engines on ordered Airbuses

Greek carrier Aegean on Wednesday announced a MoU with US manufacturer Pratt & Whitney to power up to 62 Airbus A320neo aircraft with GTF engines. The agreement was signed by…

Wednesday, 05 December 2018

Uniform yield at 0.9% for 26-week Greek bonds; 1.625 bln€ raised

The Greek state raised 1.625 billion euros on Wednesday during an auction for 1.250 billion euros worth 26-week T-bills. Total bids reached 1.660 billion euros. The uniform yield was 0.90…

SETE workshop to promote wine tourism in Greece

The Greek Tourism Confederation (SETE) organized a thematic workshop this week to promote wine tourism, held in cooperation with a national inter-professional organization representing winemakers and viticulturists. Entitled “When Wine…

Union of Greek Shipowners joins Arctic Economic Council (AEC)

The Union of Greek Shipowners (UGS) on Wednesday announced that the sector organization has been accepted as a member in the Arctic Economic Council (AEC). The latter describes itself as…

Tsipras promises cheaper fuel, cites implementation of fare subsidization program for isle residents

Greek Prime Minister Alexis Tsipras promised cheaper fuel pointed to the implementation of a passenger and freight fare subsidy for the permanent residents of certain islands – beginning next month…

Itinerary fixed for Tsipras visit to Moscow on Fri.

Greek Prime Minister Alexis Tsipras’ office on Wednesday announced the itinerary for his official visit to Moscow this week, with the latter set to meet with Russian Premier Dmitry Medvedev…

Mitsotakis to FT: Emphasis on structural reforms, investments

Main opposition New Democracy (ND) leader Kyriakos Mitsotakis stayed “on message” in an interview with Financial Times this week, stressing that if elected as the next prime minister in the…

Greece’s Antenna media group to sell Serbian, Montenegrin subsidiaries for 180mln€

Athens-based media group Antenna on Wednesday announced that it was selling its subsidiaries in Serbia and Montenegro for 180 million euros. The group’s Serbian subsidiary owns two free-to-air televisions stations,…

OECD: Greece first in terms of tax hikes between 2007-17

Greece finds itself in the unenviable “top spot” of the OECD’s list in terms of tax hikes in surveyed member-states, with relevant tax revenues in the thrice-bailed out country posting…

Ex-FinMin Hardouvelis acquitted, for second time, on charge of failing to submit statement of means

Former finance minister Gikas Hardouvelis was unanimously acquitted – for a second time in the same case – this week on charges of failing to submit a mandatory statement of…

PPC deadline to major steel mill, state-run metallurgical concern to pay millions of euros in arrears

By K. Deligiannis [email protected] Public Power Corp. (PPC), Greece’s dominant electricity utility, has given a Dec. 17 deadline to Halyvourgiki, the biggest steel mill in the country, to begin covering…

Tuesday, 04 December 2018

Top Greek, fYRoM diplomats agree to avoid ‘problematic statements’ affecting Prespa pact; Zaev backs away from ‘language’ quote

The latest “hiccup” affecting a provisional agreement between Athens and Skopje to resolve the long-standing “fYRoM name issue” revolved around a statement over the weekend by the neighboring country’s prime…

Latest twist in major gold trafficking case on Tues.

Speculation was rife in Athens on Tuesday that eight defendants on remand in a massive gold trafficking investigation, accompanied by charges of fencing and racketeering, will soon be set free…

Marine tourism professionals in Greece await ministerial decision on VAT imposition

By A. Tsimplakis [email protected] Professionals in the maritime tourism sector are awaiting a joint ministerial decision that excludes certain categories of vessels from imposing VAT on their rates, based on…

US embassy in Athens closed on Wed. as part of mourning for passing of George H.W. Bush

The US embassy in Athens and its consular section, the US consulate general in Thessaloniki, and all US federal government offices in Greece will be closed on Wednesday, Dec. 5 in…