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Wednesday, 28 November 2018

Casino license installment for Helleniko site bumped to Q4 2019; specter of more delays for privatization

By T. Igoumenidi [email protected] Another deadline associated with the delayed Helleniko property development project appears to have fallen by the wayside, with the first 300-million-euro installment of a would-be casino…

Tsipras chairs reconstruction meeting at wildfire-ravaged Mati site; visit coincides with media strike in Greece

Greek Prime Minister Alexis Tsipras paid a previously unannounced visit to the wildfire-ravaged Mati settlement in coastal eastern Attica prefecture on Tuesday, chairing a meeting that was bereft of television…

Four bodies discovered next to RR tracks in NE Greece

The mangled bodies of four people, possibly undocumented migrants, were located on Tuesday morning along railroad tracks by maintenance workers in northeast Greece, near an intersection in the Maroneia district.…

Tuesday, 27 November 2018

Greek state’s target for Nov-Dec 2019 a hefty 10.2 bln€ in collected tax revenues

The Greek finance ministry’s affiliated services will have to collect tax revenues exceeding 10.2 billion euros over the last two months of the year in order to avoid any deviation…

‘N’: Another 200-mln€ subsidy program next year for energy-saving improvements in up to 20K residences

By K. Deligiannis [email protected] A new 200-million-euro subsidization program being prepared by the relevant environment and energy ministry will reportedly be unveiled next year, aiming to partially offset homeowners’ energy-saving…

Trio of new vehicle-passenger ferry purchases announced by Greek operators

By L. Karageorgos [email protected] A trio of ferry boat transactions were reported this week in Greece’s coastal shipping sector, purchases by smaller operators. Levante Ferries, a subsidiary of ATHEX-listed Newsphone…

Monday, 26 November 2018

Goldman Sachs forecast: NPEs in Greece will have eased to 33% in Q2 2018

Goldman Sachs weighed in on the Bank of Greece’s (BoG) recently announced plan to better tackle “bad debt” afflicting Greece’s four systemic banks, while nevertheless avoiding a forecast on how…

One binding bid for marina concession on Chios island

The Hellenic Replublic Asset Development Fund (HRADF), Greece’s privatization agency, on Monday announced that it has received a binding offer from an investment scheme comprised of several companies for the…

Latest Greek ‘model’: Exceeding fiscal targets amid an under-performing economy

By Vassilis Kostoulas [email protected] Increased concern that the Tsipras government’s “over-performance” in terms of meeting creditor-mandated annual primary budget surpluses is asphyxiating the “real economy”, and impeding a genuine recovery…

Αuthorities probe uprooting of border markers between Greece, fYRoM

Police in the extreme northern prefecture of Florina are investigating the uprooting of 105 concrete border markers that delineate the frontier between Greece and the former Yugoslav Republic of Macedonia…

Eurobank announces terms for merger with Grivalia properties

Sunday evening’s surprise announcement by ATHEX-listed Eurobank that it is absorbing Grivalia properties – with the approval of the latter’s board of directors, as well – direclty aims to reduce…

Standard rail service to again reach Aigio; third private operator to acquire license

By F. Zois [email protected] A rail link extending to the northern Peloponnese coastal city of Aigio, from the current terminus at Kiato, further east, comes after an interruption of 10…

Regulator gives initial approval for natgas pipeline extension to fYRoM, requires ‘market test’

The Regulatory Authority for Energy (RAE), Greece’s independent energy sector watchdog, has reportedly granted its preliminary approval to the National Natural Gas System Operator (DESFA) for the construction of a…

Sunday, 25 November 2018

Pathologist at state hospital accused of scam worth 6.2 mln€ over 2015-17

A pathologist employed in a public hospital in the northeastern Greek city of Komotini is accused of damaging the state healthcare organization (EOPYY) by more than 6.2 million euros by…

Eurobank board decides to absorb Grivalia Properties

Eurobank’s board of directors on Sunday decided, during an extraordinary meeting, to approve the merger of Grivalia properties investment company with the systemic bank, in a bid to improve the…

Mitsotakis again emphasizes ND’s proposed changes to education sector

Main opposition New Democracy (ND) president Kyriakos Mitsotakis stepped up his emphasize on education issues over the week, as the center-right party he leads apparently considers ruling SYRIZA party as…

Corriere della Serra: Tsipras advised Italian politicians not to flirt with euro exit

Corriere della Serra has Greek Prime Minister Alexis Tsipras “advising” Italian politicians over the ongoing feud between Rome and Brussels over the Conte coalition government draft 2019 budget and even…

Friday, 23 November 2018

Listed shipping companies eyeing measures to boost falling shares

By L. Karageorgos [email protected] Diana Shipping, one of the biggest Greek-owned publicly traded shipping companies, will proceed with a share buy-back scheme until Dec. 20, a development that comes after…

Mitsotakis: ND will abolish univ. asylum regime; campuses turned into dens of lawlessness, crime

Main opposition leader Kyriakos Mitsotakis on Friday reiterated, from Parliament’s podium, that his center-right New Democracy (ND) party will completely eliminate the asylum regime currently bestowed on Greek university campuses,…

Public outcry over 10yr jail sentence imposed on municipal janitor who presented forged 6th grade diploma in 1996

An appeals court ruling handing down a 10-year prison term – without a suspended sentence option – against a municipal janitor convicted of forging a primary school diploma 20 years…

Lidl Hellas cites another tranche of investment in Greece of up to 120 mln€ by 2020; 300-store target

By D. Alexaki [email protected] Lidl Hellas, the German supermarket chain’s subsidiary in Greece, this week announced an investment program for its operations in the country of between 100 to 120…

Thursday, 22 November 2018

ND lead over ruling SYRIZA in latest Pulse firm poll eases to 9.5% points

Main opposition New Democracy (ND) party sports a 9.5-percentage point lead over ruling SYRIZA in the latest monthly opinion poll by the Pulse firm, although dropping 1.5 percentage points from…

BoG finally unveils long-expected proposal to reduce ‘bad debt’ held by Greek banks

The Bank of Greece (BoG) on Thursday unveiled its long-expected proposal to better manage “bad debt” weighing heavily on Greece’s thrice recapitalized banking sector, formally proposing the establishment of a…

Latest poll gives ND 16.5 percentage point lead over ruling SYRIZA

The autumn opinion poll by the Public Issue firm gives main opposition New Democracy (ND) party a 16.5 percentage-point lead over ruling SYRIZA, one of the biggest leads ever recorded…

Commission post-bailout report on Greece

The European Commission’s first “enhanced surveillance” report this week regarding thrice-bailed out Greece calls on the government to implement 16 creditor-mandated reforms and actions by the end of the year. …

Six out of 9 defendants found guilty in Bakara Henderson death; sentences up to 15 years

Six out of nine defendants indicted in the beating death of US tourist Bakari Henderson on the holiday island of Zakynthos in July 2017 were found guilty on Thursday by…

More seismic activity near Ionian island of Zakynthos

Another light earthquake was recorded early Thursday afternoon in a sea region off the Ionian island of Zakynthos, as the specific area has witnessed increased seismic activity over the recent…

Greek draft budget: 1.531 bln€ from privatizations in 2019; nearly all in Q4, after election

Revenues from privatizations in Greece for 2019 are forecast to reach 1.531 billion euros, as listed in the draft budget submitted to Parliament by the government on Wednesday. In a…

FF Group founders leaving Dufry-owned Hellenic Duty Free Shops’ board

By S. Emmanuil [email protected] Members of the Koutsolioutsos family will also reportedly resign from the board of the Hellenic Duty Free Shops SA, following the latest developments in beleaguered Folli…

OECD forecasts slightly lower Greek GDP growth rates; fulfilment of fiscal targets

The OECD foresees slightly slower growth rates for the Greek economy over the coming two-year period, compared with the government’s forecasts, while expressing optimism over fiscal targets and a recovering…