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Wednesday, 31 October 2018

Reports: Chinese authorities probe capital controls violations linked with Greek property purchases

By S. Emmanuil [email protected] Alleged violations of China’s capital controls in Greek real estate transactions linked with the so-called “Golden Visa” program have involved a high-profile executive vice-president of the…

Attorney for family of man killed in southern Albania says coroner allowed only 5 minutes to view body

An attorney for the family of a 35-year-old Greek citizen killed in a shootout with Albanian police on Sunday said authorities in the neighboring country allowed him and an accompanying…

Constitutional revision rehashed by govt as elex now looms less than a year away; No reference to issue of non-state unis

High-profile proposals for constitutional revision in Greece were again unveiled by Greek Prime Minister Alexis Tsipras this week, with general elections now less than a year away and roughly two…

Tuesday, 30 October 2018

Motor Oil subsidiary acquires controlling stake in Athens broadcaster Alpha

A fully owned subsidiary of Motor Oil group, one of two of Greece’s petrochemical and refinery groups, has acquired a controlling stake (50 percent + 2 shares) of the Athens-based…

Moderate quake again near Zakynthos on Tues. afternoon

Seismic activity continued on Tuesday afternoon in the Ionian Sea, with another 5.4 on the Richter scale quake recorded at 17.12 (15.12 GMT), days after a 6.4 tremor had shaken…

Another Turkish minister issues threats over drill ship’s activities

Turkey’s relevant energy minister was the latest top official in the neighboring country to engage in saber-rattling, promising that “our navy will do what is necessary” if a Turkish drill…

Dimand subsidiary acquires Tegopoulos headquarters in auction

By T. Igoumenidi [email protected] A subsidiary of Athens-based Dimand Real Estate is the new owner of the central Athens building that previously served as the headquarters of the now bankrupt…

Reports: Delay-plagued Hellas Gold investment for next year at 2018 levels, 80 mln$

By L. Kalamara [email protected] Eldorado Gold Corp.’s Greek subsidiary, Hellas Gold, is expected to unveil its investment plan in early December for its troubled mining concessions in the country, although initial…

Prosecutor recommends guilty verdict against defendants in Bakari Henderson death

A prosecutor on the Ionian island of Zakynthos on Tuesday proposed a guilty verdict against nine defendants charged with homicide in the death of US tourist Bakari Henderson at the…

Liberalization of Greek ship-repair framework expected to boost sector

Βy A. Tsimplakis [email protected] An economy and development ministry work group, which included representatives of shortsea shipowners, this week provided the “green light” for at least two major liberalizations in…

Greek FinMin: Italian volatility making borrowing harder; ready to wait for best time

Reuters quoted Greek Finance Minister Euclid Tsakalotos this week as pointing to turbulence in the Eurozone over the draft Italian budget as making a foray by Athens into sovereign borrowing…

Moderate quake again recorded off Zakynthos

A moderate 5.3 on the Richter scale earthquake was recorded overnight (04.59 local time) in a sea region off the Ionian island of Zakynthos, days after a 6.4 tremor shook…

Monday, 29 October 2018

Tax authority readying revisions to allow easier opening of bank safety deposit boxes

By G. Kouros [email protected]  Greece’s independent public revenues authority is reportedly ready to finalize changes to the legal framework in order to make the opening of safety deposit boxes held…

Athens protests over shoot-out death of ethnic Greek man

Albania’s ambassador to Athens was called to the foreign ministry in Athens on Monday and presented with a protest over the death of an ethnic Greek man a day earlier…

Tsipras inaugurates Euro-Arab summit in Athens

Greek Prime Minister Alexis Tsipras cited the oft-repeated maxims of “bridges” and “crossroads” between continents to describe the east Mediterranean country’s potential and geopolitical standing, in opening the third Euro-Arab…

Reports cite ‘rumble’ between Greek, Albanian gangs hours after Vouliaretes incident

Six people were injured during a “rumble” involving, according to initial reports, rival gangs of local men and Albanian nationals in the northeast Athens district of Gerakas, with one person…

Foreign ministry seeks explanations over shooting death of Greek citizen in southern Albania

The Greek foreign ministry on Sunday evening called on law enforcement authorities in neighboring Albania to fully investigate and clarify the circumstances surrounding the shooting death of a 35-year-old Greek…

Sunday, 28 October 2018

Ankara ramps up tension in eastern Aegean with latest Navtex

Official Turkey continued to ratchet up the tension in the eastern Aegean by issuing a navigational telex (NAVTEX) on Saturday essentially surrounding the Greek isle of Kastellorizo, in the extreme…

Highly symbolic presence of Italian President Mattarella at annual ‘Oxi Day’ military parade in Thessaloniki

A national holiday in Greece on Sunday commemorated the 78th anniversary of the country’s entry into WWII, known as “Oxi Day”, with Italian President Sergio Mattarella joining his Greek counterpart…

Double-digit % point lead for ND over SYRIZA; center-right party exceeds 31%

Main opposition New Democracy (ND) party is given an 11.2-percentage point lead over ruling SYRIZA in the latest opinion result, which was published over the weekend in the staunchly anti-government…

Greek TV pioneer Mega off the air; still broadcasts over subscriber platforms

One of the first and most influential private television broadcasters in Greece permanently went off the air at 2.11 a.m. (local time) on Sunday, with the nationwide digital platform in…

Notorious N17 terrorist released on six-day furlough

One of Greece’s most notorious urban terrorists on Sunday received another prison furlough, this time extending to six days. “17 November” arch-assassin Dimitris Koufodinas was released from a farm prison…

Friday, 26 October 2018

Mitsotakis again reiterates ND’s opposition to Prespa accord

Main opposition New Democracy (ND) president Kyriakos Mitsotakis on Friday again expressed his center-right party’s standing disagreement with the Prespa Agreement, the provisional accord signed by the Tsipras and Zaev…

Greek draft budget, request to avoid pending pension cuts discussed at EWG meeting on Thur.

Thursday’s EWG session witnessed in-depth discussions on the draft 2019 Greek budget and Athens’ pressing request to avoid a pre-legislated social security reduction measure, set for implementation in January 2019.…

Citi: Forecast for Greek 10-year bonds at 4.9% in early 2020

Citi forecasts a yield of for 10-year Greek bonds of 4.75 in the second quarter of 2019, rising to 4.8 percent by the third quarter and 4.85 by the end…

Strong quake, 6.4 on Richter scale, shakes Zakynthos; damages reported

A strong earthquake measuring 6.4 on the Richter scale was reported before 2 a.m. (local time) southwest of the Ionian island of Zakynthos, with damages reported to buildings on the…

Thursday, 25 October 2018

More than 15K register on mandatory tax bureau platform for AirBnB-type revenue

By T. Igoumenidi [email protected] The number of properties in Greece now commercially exploited via short-term AirBnB-type leasing has apparently doubled over the past year, available data shows, with the number…

Judicial council approves temporary freeze of assets for auditor, Folli Follie CFO at HK subsidiary

Folli Follie’s financial director at its Hong Kong subsidiary and the auditor who signed off on the multinational’s balance sheets in Athens are the latest company-affiliated officials to have their…

Greek foreign ministry: Turkey is a violator of international law

Athens on Thursday again pointed to international law and the UN charter in responding to the latest round of Turkish saber-rattling over Aegean sovereignty and maritime issues, with Turkey’s defense…

Optimistic scenario points to 23bln€ in new credit extended by Greek banks over 2018-19

By E. Sakellari [email protected] According to sources that spoke with “N” this week new lending by Greece’s four systemic banks over the 2018-19 is forecast to reach up to 23…