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Sunday, 21 October 2018

Kammenos sharply condemns fYRoM Parliament vote, but staying firmly in coalition govt

Τhe head of the small right-wing party that continues to prop up the mostly leftist Tsipras government, Panos Kammenos, reiterated on Sunday that he’ll remain in the shaky coalition government…

Anarchist group targets Canadian embassy in Athens

The Canadian embassy in Athens was the latest diplomatic mission in the country vandalized by members of a notorious anarchist collective that has more-or-less operated with impunity over the past…

Saturday, 20 October 2018

Cordial handover at foreign ministry between Tsipras, Kotzias; Greek DM, coalition partner insinuates bribery in Skopje vote

A cordial handover ceremony took place at the Greek foreign ministry in Athens on Saturday morning, as resigned minister Nikos Kotzias greeted his successor, none other than Prime Minister Alexis…

Friday, 19 October 2018

Commission appears satisfied with particulars in draft 2019 Greek budget

Greece has avoided a letter by the EU Commission requesting clarifications over its draft 2019, whereas Italy, France, Spain, Slovenia, Portugal and Belgium received such an inquiry.The relevant requests were…

Capt. Tsakos to be honored at AMVER awards ceremony on Mon.

The annual AMVER awards ceremony will be held on Monday at a central Athens hotel, with well-known ship-owner Capt. Panagiotis Tsakos among the honourees. Tsakos will be honored for his efforts to…

Piraeus Bank, Thomas Cook subsidiary conclude 40-mln€ financing agreement to fuel latter’s expansion in Greece

Piraeus Bank this week announced a financing agreement worth 40 million euros with Thomas Cook Hotel Investments, a consortium comprised of Thomas Cook plc and LMEY Investments. The Greek lender…

Prosecutor orders probe into press leak describing distribution of foreign ministry discretionary funds

An Athens first instance prosecutor on Friday ordered a preliminary investigation into press leaks describing how “discretionary funds” are allocated by Greece’s foreign ministry. The order came after the publication…

US embassy: Releasing convicted N17 terrorist would be a ‘disservice’ to the memory of assassinated Americans

The US embassy in Athens on Friday negatively reacted to this week’s petition a notorious urban terrorist to be freed from a Greek prison due to serious health reasons, a…

Tsipras from Brussels: No to snap elex; vote of confidence, or request to creditors for partial pension cuts

Greek Prime Minister Alexis Tsipras again dismissed any possibility of declaring snap elections, speaking in Brussels on Friday, as his leftist-rightist government struggles this week to deal with the abrupt…

Tsipras declines to release ex-FM’s resignation letter; says no more leeway extended on nat’l issues

Greek Prime Minister Alexis Tsipras on Friday, speaking from the sidelines of an EU summit in Brussels, said he won’t publicize a lengthy resignation letter by his recently resigned foreign…

Commission requests more info from Athens on 2019 draft budget; education, health spending to drop next year

The European Commission has requested more information from Athens regarding the recently tabled 2019 draft budget, with a relevant request reaching the Greek finance ministry on Friday. The Commission wants…

Dep. PM meets with Titan cement CEO a day after company announces corporate move to Belgium

Deputy Prime Minister and Economy Minister Yannis Dragasakis met with Titan cement group’s CEO Dimitris Papalexopoulos on Friday, hours after the large Greece-based industrial concern said it was moving its…

Top minister, Tsipras aide: ‘Mr. Kotzias rarely lies. He will not become the new Varoufakis’

The leftist-rightist Greek government again went into “damage control mode” late this week after Nikos Kotzias’ high-profile resignation as Greece’s foreign minister, with a top minister and associate of Prime…

First details of revised targets for reducing Greek banks’ NPLs emerge

By E. Sakellari [email protected] Greek banks and Single Supervisory Mechanism (SSM) have reportedly agreed over new targets to lower “bad debt” held by the former, with initial reports pointing to…

Eyebrow-raising decision by Titan cement to transfer corporate listing from Greece to Belgium

By T. Igoumenidi [email protected] An abrupt announcement on Thursday evening by Titan S.A., one of the biggest cement producers in SE Europe and an industrial mainstay in Greece for decades,…

Thursday, 18 October 2018

Record price for latest NOME electricity auction in Greece

The latest NOME-type auction this week – the last for 2018 – witnessed a record-breaking price for blocks of future electricity production, topping off at 54.74 euros per MWh/h. The…

Share exchange tender offer made by Titan Cement int’l

Greece-based Titan Cement Co. S.A. on Thursday announced a voluntary tender offer, submitted by Titan Cement International S.A., for the exchange of all the ordinary shares and preference shares issued…

Unceremonious end to NBG-Gongbao negotiations over Greek bank’s insurance subsidiary

By E. Sakellari [email protected] Negotiations between National Bank of Greece (NBG) and Shanghai-based Gongbao to sell-off NBG’s insurance subsidiary – Ethniki Hellenic General Insurance S.A. – ended unceremoniously this week…

ND fields 11%point lead over SYRIZA in latest poll; majority of respondents doubt Prespa accord will be concluded

Main opposition New Democracy (ND) party continues to field a double-digit percentage point lead over ruling SYRIZA in the latest – almost monthly – opinion poll by the Pulse firm,…

MSC Cruises-Fincantieri deal for 4 new cruise ships

MSC Cruises and Fincantieri on Thursday announced the signing of a memorandum of agreement (MOA) for the construction of four ultra-luxury cruise ships, in a deal worth two billion euros.…

Alt FinMin: Only one scenario in draft 2019 budget

Greek Alternate Finance Minister Giorgos Chouliarakis on Thursday denied that his government’s closely scrutinized 2019 draft budget includes “two alternate scenarios”, ostensibly to allow it to choose which it will…

Party-affiliated newspaper conveys Tsipras-Zaev phone conversation on Wed.

Greek Prime Minister Alexis Tsipras spoke with his counterpart from the former Yugoslav Republic of Macedonia (fYRoM), Zoran Zaev, on Wednesday, a few hours after the former’s foreign minister, Nikos…

State Dept. praise for resigned Greek FM; presses for Prespa accord implementation

A US State Department official on Wednesday replied to a question by Greece’s state-run news agency regarding the same-day resignation of Greek Foreign Minister Nikos Kotzias, expressing Washington’s appreciation for…

Light quake off Zakynthos island

A light earthquake measuring 4.2 on the Richter scale was recorded overnight (23.03 GMT) and pinpointed in a sea region 55 kilometers south, southwest of the Ionian island of Zakynthos…

Convicted N17 terrorist requests parole due to severe health reasons

One of Greece’s most notorious urban terrorists, Savvas Xiros, has filed a request for parole, citing serious health reasons. Xiros is serving five life sentences for is participation in the…

Wednesday, 17 October 2018

Piraeus Bank the main lender behind 200-mln€ Thriassio transit center

Greek lender Piraeus Bank this week announced that it will finance a 200-million project in the Thriassio industrial district, west of Athens proper, to build a massive logistics hub connected…

Energean to seek secondary listing on Tel Aviv stock exchange by end of Oct.

Greece-based Energean, and oil and gas provider, will pursue a secondary listing on the Tel Aviv Stock Exchange, with the process expected to be completed by Oct. 29, the company…

Greece falls four spots on WEF’s Global Competitiveness Index, coming in at 57th place

Greece’s occupies an unremarkable 57th place – out of 140 countries surveyed – on the World Economic Forum’s Global Competitiveness Index, scoring 62.1, and with its worst scores in the…

Tsipras says no change in volition to ratify Prespa accord; warns against internal dissent, ‘constitutional name’

In a brief televised statement outside his office on Wednesday afternoon, Greek PM Alexis Tsipras first thanked resigned foreign minister Nikos Kotzias and then reiterated that his decision to assume…

Greek FM Kotzias resigns; Tsipras to assume foreign affairs portfolio

Greek FM Nikis Kotzias tendered his resignation to Prime Minister Alexis Tsipras early Wednesday afternoon, with the leftist prime minister to assume the sensitive portfolio. The sudden development comes after…