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Saturday, 19 January 2019

Landmark Prespa agreement tabled in Greek parliament; vote expected on Fri.

A highly expected draft bill containing the Prespa agreement was tabled in Parliament over the weekend, with political party representatives to convene on Monday at noon to discuss the schedule…

Μass rally in opposition to Prespa agreement in central Athens on Sun.

Organizers of a rally in central Athens on Sunday in opposition to the provisional Prespa agreement on Saturday released a video for the demonstration, calling for the mass participation of…

Small Potami party heads for apparent split over Prespa agreement

The small centrist Potami party appears now one step away from losing its Parliamentary group status in Greece’s 300-MP legislature, after two deputies indicated on Saturday that they’ll leave the…

Friday, 18 January 2019

Piraeus port authority forecasts increase in cruise ship arrivals, home porting in 2019

The Piraeus Port Authority (PPA) this week forecast an increase in cruise ship arrivals for 2019 by almost 16 percent, compared to last year. The Cosco-managed port authority also forecast…

Thursday, 17 January 2019

Greek shipping interests now focused on attracting more young people from Greece to sector

By A. Tsimplakis [email protected] Efforts to recruit even greater numbers of young Greeks to merchant shipping, decades after the sector’s “golden era” at the time witnessed thousands of Greek nationals…

‘Cyprus model’ studied by govt for primary residence protection: official

The Tsipras government is studying a so-called “Cyprus model” for extending legal protection, vis-a-vis creditors, to overindebted homeowners’ primary residences, according to a top government official on Thursday. According to…

EZ official: Eurogroup decision on return of profits generated by Greek bonds in March

By N. Bellos [email protected] Eurozone finance ministers at a Eurogroup meeting in March are expected to discuss the issue of 600-million-euro tranche of profits generated by Greek bonds held by…

EBRD financing in Greece reaches 846 mln€

The European Bank for Reconstruction and Development (EBRD) this week announced that it has financed 15 projects in Greece last year, including the landmark Trans Adriatic Pipeline (TAP), NPL portfolios and the Hellenic…

EL.STAT: Greek merchant fleet up in Nov. 2018

The number of vessels on the Greek registry increased by a marginal 0.4 percent last November, compared with the same month in 2017, and down from 1.1 percent from the…

PPC CEO: Power rate hikes necessary for utility to deal with rising operation costs, debt restructuring

By K. Deligiannis [email protected] The head of Greece’s dominant power utility, the ATHEX-listed but still state-controlled Public Power Corp. (PPC), on Wednesday said an increase in electricity rates is “required”.…

Moscovici in Athens: Managing Greek banks’ ‘bad debt’ now the priority

By E. Sakkelari [email protected] EU Commissioner Pierre Moscovici pointed to “bad debt” plaguing Greece’s four systemic banks as the main priority that the country must now tackle on the economic…

Wednesday, 16 January 2019

Tsipras govt achieves razor-thin vote of confidence, as expected

The Tsipras government on Wednesday evening scraped together a razor-thin majority in Parliament to gain a vote of confidence, all ahead of the submission of the contentious Prespra agreement in…

Hefty pay hikes for employees of greater Athens area water utility, union claims

By T. Igoumenidi [email protected] Public sector-related spending hikes, amid the current election year, will reportedly come in the form of pay increases for employees of the greater Athens-Piraeus area’s water…

OECD: High taxes in Greece a break on economic growth

The OECD was the latest international body this week to sound the “warning bells” over the heavy tax rates now imposed on thrice bailed-out Greece, in two separate studies, one…

Tuesday, 15 January 2019

Sources: Tsipras govt intent on tabling Prespa accord to parliament for ratification on Fri. or Sat

By G. Kampourakis [email protected] The Tsipras government aims to submit the provisional Prespa agreement to Parliament for ratification immediately after Wednesday’s vote of confidence, according to reliable reports. The agreement…

Impressive ‘electrical storm’ over eastern Aegean isle of Samos

An “electrical storm” was recorded over the eastern Aegean island of Samos on Sunday evening, with repeated lightning bolts and thunder impressively turning the night into day for brief moments.…

Political shakeup continues amid looming vote of confidence in Parliament this week

A deputy from the centrist Potami party late on Monday reiterated his pledge to cast a vote of confidence for the leftist Tsipras government in Parliament this week, a statement…

Monday, 14 January 2019

Latest high-profile Russian intervention heaps criticism on Prespa accord; looming NATO entry for fYRoM

Russia’s foreign ministry on Monday referred to the “will of the people” in directly criticizing the recent decision by the Parliament in the former Yugoslav Republic of Macedonia (fYRoM) to…

Mitsotakis reiterates opposition to Prespa agreement; says rupture of SYRIZA-AN.EL coalition a sham

Main opposition New Democracy (ND) president Kyriakos Mitsotakis on Monday evening emphasized that the previous day’s political “breakup” between Prime Minister Alexis Tsipras and his one-time coalition partner, now ex-DM…

Four out of seven AN.EL MPs expected to ‘break ranks’ and offer support to Tsipras govt

One-hundred and fifty-one deputies, out of 300, is now the “magic number” that the Tsipras government must tally this week during a vote of confidence in Parliament, after the collapse…

Notorious inmate stabbed to death

A convicted felon charged with separate attempted homicide charges was stabbed to death on Monday in the greater Athens area’s biggest lockup, shortly after he had been transferred from a…

Minister Kountoura says she’ll support, remain in govt; expulsion from AN.EL parliamentary group

Tourism Minister Elena Kountoura, one of seven deputies of the right-wing Independent Greeks (AN.EL) that up until Sunday served as leftist SYRIZA’s junior coalition partner, resurfaced on Monday morning to…

Sunday, 13 January 2019

Greek political parties vilify Tsipras, now ex-coalition partner Kammenos

The opprobrium heaped against the Tsipras government on Sunday by the political opposition, in the wake of the dissolution of the coalition binding the former’s leftist SYRIZA with the small…

Vote of confidence probably on Wed.

A proposal for debate in Parliament over a vote of confidence for the Tsipras government to commence on Tuesday and conclude on Wednesday afternoon will be tabled by Parliament president…

Kammenos: No to vote of confidence for Tsipras govt

Outspoken Greek politician Panos Kammenos, the defense minister and junior coalition partner up until Sunday morning, said his remaining deputies will vote against the Tsipras government if a no confidence…

Junior coalition partner exits govt, new DM announced; Tsipras promises vote of confidence

The small right-wing Independent Greeks (AN.EL) party will leave the ruling coalition, outgoing Defense Minister and party president Panos Kammenos said on Sunday, immediately after his concluded meeting with leftist…

Saturday, 12 January 2019

Tsipras-Kammenos meeting on Sunday morning

A closely watched meeting between Prime Minister Alexis Tsipras and Defense Minister Panos Kammenos, whose small right-wing party is the now shaky junior partner in the current “strange bedfellows” coalition…

Govt to present creditors with plan allowing big ‘haircut’, instalments for self-employed professionals’ arrears to funds

A new installment plan allowing self-employed professionals in Greece the opportunity to repay arrears to social insurance funds, as well as a distinct possibility for major “haircuts” of debts, is…

Friday, 11 January 2019

Merkel to business executives: Cut taxes in Greece, but not at expense of fiscal targets

German Chancellor Angela Merkel reportedly called for an easing of tax rates in thrice bailed-out Greece, but without such a prospect affecting annual primary budget surplus targets — a post-bailout…

Mitsotakis: I explained ND’s opposition to Prespa pact to Merkel

Main opposition New Democracy (ND) president Kyriakos Mitsotakis on Friday spelled out his center-right party’s reasons for opposing the provisional Prespa agreement, during a meeting with visiting German Chancellor Angela…