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Tuesday, 29 January 2019

First reactions to govt’s unilateral hike in minimum monthly wage scale mostly negative by business sector

The first reactions from Monday’s unilateral increase of private sector minimum monthly wage scales – made by Greek Prime Minister Alexis Tsipras himself during a televised Cabinet meeting – came…

Reuters: Greece has opened books for new 5-yr bond; initial guidance of 3.75-3.875%

The Greek state has “opened books” for a closely scrutinized new five-year bond, Reuters reported on Tuesday afternoon, citing an unnamed source. The news agency reminded that it was Greece’s…

Monday, 28 January 2019

Greek PM announces raising of minimum monthly wage scale during televised Cabinet meeting

The figure of 650 euros per month (gross pay) was the “bonus” announced by Greek Prime Minister Alexis Tsipras himself on Monday, making the more-or-less expected announcement made during a…

Greek PM to announced monthly wage scale hikes during televised Cabinet meeting

Greek Prime Minister Alexis Tsipras is expected to take to the airwaves early Monday afternoon, during a nationally televised Cabinet meeting by the state broadcaster, to announce increases in the…

Athens says new five-year bond will be issued in ‘near future’

The Greek state on Monday, as widely expected, announced a five-year bond issue – maturing in April 2024, according to an announced by the Public Debt Management Agency. In a…

Govt orders state entities to transfer cash reserves to central bank by March 1

With the Greek state’s latest foray into money markets for its post-bailout borrowing needs, a decision by the finance ministry was published on Monday ordering all state entities to transfer…

Friday, 25 January 2019

New armed forces general staff chief appointed

Lt.-Gen. Christos Christodoulou has been promoted as the new chief of the Hellenic armed forces general staff, following a decision by the relevant government council for foreign affairs and defense…

Vandalism of monument on site of one-time Jewish cemetery in Thessaloniki again vandalized

A monument commemorating the Jewish cemetery that once stood on the grounds of the current Aristotle University of Thessaloniki was again vandalized on Friday, with vandals tearing off and breaking…

IMF on Greece: Increased growth, but also risks

The IMF forecasts increased growth and employment in Greece for 2019, although the Fund calls for a greater reduction in taxes and stepped up efforts to deal with banks’ “bad…

Prespa agreement ratified by Greek parliament, 153 MPs out of 300 voted in favor

A majority of deputies in the 300-MP Greek Parliament on Friday ratified the landmark Prespa agreement, which aims to resolve the nearly three-decade dispute over the neighboring former Yugoslav Republic…

Greek state to issue 26w T-bills on Jan. 30

Greece’s Public Debt Management Agency on Friday said the Greek state will auction 26-week T-Bills totaling 625 million euros on Jan. 30, 2019, in book entry form, and with maturity…

Govt promises installment plan for social security fund arrears coming in Feb.

By S. Papapetros [email protected] A long-awaited measure to allow 120 installments for paying off arrears to Greece’s social security funds, a particularly acute problem for the country’s self-employed professionals, will…

Thursday, 24 January 2019

Opinion poll: 62% of respondents say Prespa agreement ‘negative’ for Greece; double-digit lead for ND

A large majority of respondents, 62 percent, consider the Prespa agreement as “negative” for Greece, according to results of an opinion poll unveiled on Thursday, as debate continued in Parliament…

Israel’s Fattal group wins long-term lease for central Athens hotel property

Israel-based Fattal Hotel company, widely known with its Leonardo brand name, has reportedly secured the long-term lease of the one-time Esperia Palace property in central Athens, with the contract worth…

Vote for Prespa pact ratification on Fri.

Α crucial vote for ratification of the Prespa agreement has been bumped to Friday at 2:30 p.m. local time, with debate on Thursday to expected to end after midnight, due…

Quake, 5.4 on Richter scale, shakes Rhodes

An earthquake measuring 5.4 on the Richter scale was recorded at 4:30 p.m. (14.30 GMT) east, southeast of the Dodecanese island of Rhodes, according to a geological institute in Athens.…

Leftist SYRIZA party sec’t expresses support for Maduro

A delegation of ruling SYRIZA met in Athens on Thursday with the Venezuelan embassy’s chargé d’affaires in Greece, with the leftist party’s secretary, former minister Panos Skourletis, with the latter…

Disagreement between creditors, Greek govt over primary residence protection framework

E. Sakellari [email protected] Institutional creditors’ top auditors and Greek finance ministry officials continued talks in Athens this week over a successor framework for legal protection of primary residences from creditor…

Tsitsipas falls easily to Nadal in Australian Open semis

Twenty-year-old Stefanos Tsitsipas “Cinderella” appearances at the Australian Open came to an abrupt end on Thursday with his decisive defeat in the semi-finals by tennis heavyweight Rafael Nadal in straight…

Costas Karamanlis on Prespa agreement: ND’s criticism ‘powerful and fully documented’

Former Greek prime minister Costas Karamanlis (2004-2009) on Thursday removed any doubts over his stance regarding the contentious Prespa agreement, which comes up for ratification in Greece’s Parliament later in…

Cap Market Commission submits framework for establishment of capital, hedge funds in Greece

Greece’s Capital Market Commission has submitted a draft bill to the finance ministry that will allow the establishment of capital and hedge funds in the country. According to information collected…

Wednesday, 23 January 2019

One non-binding bid for bankrupt Elefsina shipyard

By A. Tsimplakis [email protected] A prospective buyer of the troubled Elefsina shipyard, in the same-name industrial district due west of greater Athens, has reportedly cited 13 conditions for the sale,…

‘Proto Thema’ co-founder, editor Themos Anastasiadis dies

Well-known Greek newspaper owner, columnist and television personality Themos Anastasiadis, 61, passed away on Tuesday at a Zurich hospital after a lengthy battle with cancer. Anastasiadis was one of the…

Govt presents creditors with twin proposals to deal with banks’ massive ‘bad debt’

By T. Tsiros [email protected] A proposal by the Hellenic Financial Stability Fund (HSF) to offer state guarantees as part of an overall package of measures aimed to reduce considerable “bad…

Speculation over first post-bailout Greek bond issue

E. Triiri [email protected] Yields on Greek bonds continued to de-escalate over recent days, with most investors’ interest pointing to a five-year bond, all amid speculation that the country’s Public Debt…

Labor minister promises minimum monthly wage hikes, payment plan for social insurance arrears

By S. Papapetros  [email protected] Labor Minister Efi Achtsioglou told “N” this week that the Tsipras government’s planned increase of the minimum monthly wage, as well as the abolition of a…

Mitsotakis: ND will do whatever it can to prevent ratification of Prespa agreement

Main opposition New Democracy (ND) Kyriakos Mitsotakis on Tuesday continued to declare his party’s uncompromising position over the provisional Prespa agreement, saying the center-right party will “do whatever it can”…

Tuesday, 22 January 2019

Eurostat: Greece’s debt-to-GDP ratio at 182.2% in Q3 2018, highest in EU

Greece’s debt in the third quarter of 208 reached 182.2 percent of its GDP, or 334.98 billion euros in absolute terms, according to statistics released this week by Eurostat. The…

‘Bad debt’ plaguing Greece’s systemic banks reportedly dominates post-bailout supervision

By E. Sakellari [email protected] Post-bailout negotiations between creditors’ top auditors and the Tsipras government will be dominated by the specter of “bad debt” hanging over Greece’s four systemic banks, an…

Arrivals to Greece by citizens of fYRoM drop since record-breaking year in 2015

By L. Karageorgos [email protected] Arrivals by citizens of the former Yugoslav Republic of Macedonia (fYRoM) to Greece have dropped, from an all-time high of 3.023 million in 2015, to 1.031…