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Monday, 15 October 2018

Greek investors’ group says lawsuits against Folli Follie pending

The Hellenic Investors’ Association on Monday said the first lawsuits for damages incurred by investors with shares in retailer and accessory maker Folli Follie are only days away from being…

State, regular budget revenues miss targets for Sept. 2018; still above mark for 9-month period

State and regular budget revenues moved lower than prescribed targets in September 2018, with net revenues in this case reaching 5.36 billion euros, lower by 346 million euros from the…

Temporary jobs spots in public sector for young, unemployed degree-holders

Greece’s Manpower Employment Agency (OAED) is expected to unveil a tender for the temporary hiring of 5,500 unemployed degree holders in the public sector in the coming period, with general…

Aegean fifth on Conde Nast list of world’s best airlines

Condé Nast Traveler noted that “although it doesn’t yet fly across the pond (Atlantic), its affiliation with Star Alliance gives it a wider global reach. Aegean is known for its…

Kassiopi privatization finally ready to begin after…7 years, 1,000 signatures by relevant authorities and 11 legal challenges

By L. Karageorgos [email protected] A long-delayed tourism-related investment valued at up to 120 million euros in northeast Corfu, a popular Ionian Sea island off northwest Greece, appears finally ready to…

Two Greek lenders ready another pair of NPL portfolios for sale to distress funds

Two blocks of non-performing loans (NPLs) are set for sale by a same-number of Greek lenders this period, with the “Mercury” package being sold off by Alpha Bank and “Zenith”…

Sunday, 14 October 2018

Minister to SYRIZA cadres, office-holders on next elex: ‘We’ll win if we put some people in jail’

One of the leftist-rightist coalition government’s most combative and controversial ministers, alternate health minister Pavlos Polakis, again raised eyebrows over the weekend at a ruling SYRIZA central committee meeting, saying…

Newsweek latest int’l media to report on deplorable situation at Moria hotspot

Newsweek is the latest international media outlet to report on the now infamous Moria ‘hotspot’ on the eastern Aegean island of Lesvos (Mytilene), the “preferred destination” for migrant smugglers operating…

Dijsselbloem: Greece has a point on issue of pension cuts

Former Eurogroup president and Dutch foreign minister Jeroen Dijsselbloem continued to toe a much more moderate line vis-a-vis the Greek program since leaving office and the Eurozone limelight, calling for…

53 mln passengers at Greek airports in Jan-Sep period mark new record

Airports around Greece posted a new passenger record over the Jan-Sep 2018 period, with the Civil Aviation Authority reporting more than 53 million passengers, up 10 percent compared to the…

BoG Gov Stournaras: Greece must faithfully implement reforms in order to continue recovery

Bank of Greece (BoG) Gov. Yannis Stournaras over the weekend referred to a need for a “faithful adherence” by the country to terms agreed to with creditors, saying this is…

Friday, 12 October 2018

New round of M&A expected in Greece’s coastal shipping sector

By L. Karageorgos [email protected] A new round of mergers and acquisitions in Greece’s significant coastal shipping sector is apparently on the horizon, following the recent acquisition of Hellenic Seaways by…

Remains of 573 Greek soldiers that fell during WWII battle interred in military cemetery in Albania

The remains of 573 Greek soldiers that fell during the Greek-Italian war in 1940-41 were interred on Friday during a solemn religious ceremony at a military cemetery near the small…

Arrears owed to state up by 849 mln€ in Aug.; higher number of households bypass first income tax installment

Arrears by taxpayers towards the Greek state increased by 849 million euros in August 2018, the last month for which figures are available, with the first feedback showing an increasing…

Juncker-Mitsotakis meeting in Brussels next week

EU Commission President Jean-Claude Juncker will meet with main opposition New Democracy (ND) president Kyriakos Mitsotakis next Wednesday in Brussels, press reports in Athens on Friday stated.…

Greek DM defends eyebrow-raising quips; says bases he proposed for US military already operational

Greek Defense Minister Panos Kammenos, the right-wing junior coalition party leader in the coalition government, on Friday denied that he spoke with Prime Minister Alexis Tsipras in the wake of…

IMF to Greek FinMin: Level of primary budget surpluses a matter between Athens, European creditors

Greek Finance Minister Euclid Tsakalotos presented Athens’ standing arguments in favor of suspending an already legislated round of pension cuts to the IMF’s leadership on Friday, with the Washington D.C.-based…

First P-2002JF trainer delivered to Hellenic Air Force

The first P-2002JF trainer for the Hellenic Air Force landed at the Tatoi base, north of Athens, this week, as delivery of the aircraft commenced by the Tecnam company. Greece…

Greek employers’ group bulletin: ‘Scandinavian’ level tax burdens for subpar state services, benefits

The Federation of Enterprises (SEV), one of the largest employers’ groups in Greece, this week referred to “Scandinavian” taxes being imposed in the country, which however, do not translate into…

Greek revenue authority ready to again offer installment plan for payment of arrears

G. Palaitsakis [email protected] The independent public revenues authority is ready to again offer taxpayers with arrears to the Greek state the opportunity to pay off the outstanding amount in up…

Thursday, 11 October 2018

Ecumenical Patriarchate recognizes autocephaly of Ukrainian Orthodox Church

The Istanbul-based Ecumenical Patriarchate on Thursday announced that it was recognizing the autocephaly (ecclesiastical autonomy) of the Ukrainian Orthodox Church, a decision that is expected to further exacerbate relations between…

Moscovici: Creditors waiting for draft 2019 budget, fiscal numbers before deciding on pension cuts

European Union Commissioner Pierre Moscovici told Bloomberg TV on Thursday that the Tsipras government’s pressing request to avoid a pre-legislated social security reduction – set for January 2019 – will…

Fallout continues over DM Kammenos’ ‘alternative’ proposals for fYRoM ‘name issue’, more US bases

The fallout from Greek Defense Minister Panos Kammenos’ seemingly “off-the-cuff” remarks at the US Pentagon this week continued to generate political “waves” in Athens on Thursday, with the fissures in…

Church of Greece says its property tax obligations for 2018 at 1.848 mln€

The Autocephalous Orthodox Church of Greece on Thursday announced that it will pay slightly more than 1.848 million euros in property taxes (ENFIA) for the ongoing year, noting that the…

Greek Red Cross says no notification yet over its alleged suspension by Geneva-based IRC

The Greek affiliate of the International Red Cross and Red Crescent Movement (IRC), the Hellenic Red Cross, on Thursday stressed that it has not received any official notification by the…

Union strike again closes Greece’s archaeological sites, museums

Archaeological sites and public museums, including the eponymous Acropolis site in central Athens, remained closed on Thursday, as a federation representing culture ministry employees called a strike in demand of…

Strategic Intralot agreement with Croatia’s state lottery operator

Athens-based Intralot this week announced an agreement with Croatia’s state lottery operator, Hrvatska Lutrija, whereby the former will serve as a strategic partner for the latter. The highlight of the…

Athens airport operator expected to secure 670 mln€ in loans to cover concession extension fee

By F. Zois [email protected] The company managing the Athens International Airport (AIA) is expected to secure 670 million euros from commercial lenders and a European development bank towards covering a…

German President: Prespa Agreement a ‘courageous’ step forward

Visiting German President Frank-Walter Steinmeier referred to a “courageous and brave step” forward for peace and stability in the wider SE region, speaking during an official visit to Athens and…

Moody’s on Greek banking sector; Regling downplays comparisons between Italy, Greece

Moody’s on Wednesday blamed the “low quality” of assets held by Greece’s lenders, whose balance sheets remain burdened by a high pile of NPEs, hours after Bank of Greece (BoG)…