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Wednesday, 03 October 2018

Greek social security spending over Jan-Aug at 16.918 bln€; down 141 mln€ from same period in 2017

Social security spending in Greece for the first eight months of 2018 reached 16.918 billion euros, down from 17.059 billion euros during the corresponding period of 2017, down by 0.82…

First modest tax breaks appear in draft 2019 budget

The first post-bailout tax breaks appeared in the 2019 draft budget, which was tabled in Parliament on Monday, mostly based on the modest pledges made by Greek Prime Minister Alexis…

Biggest gap between annual births, deaths recorded in Greece for 2017

More deaths were recorded in Greece in 2017 as opposed to births, according to the Greek statistics authority this week, exacerbating a decades-old demographic problem in the country. Last year,…

Tuesday, 02 October 2018

Court of Audit approves rolling stock maintenance company sale to Trainose

A top administrative review body, Greece’s Court of Audit has approved an agreement to sell-off a state-run rolling stock maintenance company to Ferrovie Dello Stato Italiane-controlled rail operator Trainose SA.…

IMF auditors in Athens this month to focus on Greek banks’ financial shape

By E. Sakellari [email protected] IMF auditors are expected back in Athens at the end of this month, with the focus now directly on the financial state of Greece’s thrice recapitalized…

Mitsotakis refers to infuriating conditions at Samos hotspot

Main opposition New Democracy (ND) president Kyriakos Mitsotakis on Tuesday toured a migrant/refugee “hotspot” on the eastern Aegean island of Samos, where he again sharply criticized the leftist-rightist government over…

CNBC: Greece tests creditors, markets with 2019 spending plans

CNBC on Monday warned of “another fight” between the current Greek coalition government with its creditors and markets, in a dispatch from Athens coinciding with the submission of the 2019…

Govt source in Athens: First ratification of Prespa Agreement, then elections

By G. Kampourakis [email protected] A high-ranking government source told “N” on Monday that a landmark agreement to resolve the fYRoM “name issue” will first be ratified by Greece’s Parliament before…

Greek govt officially tables draft budget with two options – with and without looming social security cuts

By T. Tsiros [email protected] The Greek state can achieve a primary budget surplus of 3.56 percent of annual GDP – or 122 million euros more than the prescribed target in…

Monday, 01 October 2018

More businesses, self-employment recorded in Jan-Sep 2018 compared with same 2017 period

By S. Zisimos [email protected] New business registrations increased by 4.5 percent over the first nine-month period of 2019, a development that was also accompanied by a significant decrease in the…

Athens polytechnic study: Container ships proportionately generated more emissions than other vessels

By A. Tsimplakis [email protected] Container ships appear to generate a larger share of emissions produced by commercial vessels compared to their overall number and transport capacity, according to a recent…

Top European officials appear open to prospect of suspending looming Greek pension cuts; no discussion at Eurogroup

By N. Bellos Although the issue of suspending a scheduled pension reform, set for January 2018, was not discussed at Monday’s Eurogroup meeting in Luxembourg, subsequent statements by top Eurozone…

IOBE measures worsening econ sentiment in Greece in Sept. 2018

The Athens-based Foundation for Economic & Industrial Research (IOBE) on Monday announced a noteworthy decrease in Greece’s economic sentiment index for September 2018, dropping to 101.3 points from 105.3 points…

Greek govt forecasts 2.5% GDP increase in 2019

By T. Tsiros [email protected] The Greek government foresees GDP growth in 2018 reaching 2.1 percent (up from 2 percent prescribed in the medium-term fiscal program) and 2.5 percent for 2019,…

Tsipras call to Zaev; opposition refers to Greek govt as a ‘comedy show’

Greek Prime Minister Alexis Tsipras reportedly spoke by phone late Sunday evening with his counterpart in the former Yugoslav Republic of Macedonia (fYRoM), Zoran Zaev, hours after the polls closed…

Sunday, 30 September 2018

Cautious reax from Athens to fYRoM referendum; result pleases junior coalition partner, DM

Greece’s foreign ministry reacted cautiously on Sunday to the result of a same-day referendum in the former Yugoslav Republic of Macedonia (fYRoM) over a provisional agreement to resolve the long-standing…

Tossing leaflets outside US ambassador’s residence latest ‘intervention’ by anti-state group

Throwing leaflets outside the US ambassador’s well-guarded residence in downtown Athens on Sunday while reportedly riding atop motorcycles was the latest “flash intervention” by a notorious self-styled anarchist group. True…

Light quake off southeast Crete

A light earthquake measuring 4.7 on the Richter scale was recorded at 16.15 (14.15 GMT) on Sunday southeast of the large island of Crete, some 28 kilometers from the Zakros…

Greek cap market commission to look into past results by beleaguered FF group

By I. Zafolia [email protected] Reports of massive discrepancies in Folli Follie Group’s 2017 results, including a difference of 290 million USD in cash reserves for its China operations along with…

Major weather-related problems across southern Greece on Sun.

Much of southern Greece continued to experience weather-related problems on Sunday, as a severe cyclone-like stormed caused torrential rainfall and heavy seas. Hundreds of calls to the fire brigade were…

Saturday, 29 September 2018

Rare ‘Medicane’ storm hits southern Greece

Civil defense authorities were in high alert across the southern half Greece on Saturday, as a rare – according to meteorologists – cyclone-like depression was made landfall in the extreme…

Friday, 28 September 2018

Tsipras from UN podium: Prespa agreement a mutually beneficial, dignified result

Greek Prime Minister Alexis Tsipras on Friday touted what he called his government’s handling of the migrant/refugee crisis, which erupted in the eastern Aegean in 2015, as well as its…

Top Mitsotakis aide says prospect of snap elex high between Jan-Mar 2019

A close adviser to main opposition New Democracy (ND) leader Kyriakos Mitsotakis on Friday reiterated that the prospect of snap elections being declared in the country is very high, given…

Bank deposits in Greece rise in Aug., for seventh straight month

Bank deposits in Greece posted an increase in August 2018, according to the Bank of Greece (BoG) this week, a development considered as extremely encouraging for credit institutions’ liquidity and…

Thursday, 27 September 2018

WSJ: Tsipras promises to pass Prespa Agreement; avoid next round of pension cuts

Greek Prime Minister Alexis Tsipras promised to ratify the “Prespes Agreement” in order to finally resolve the fYRoM “name issue”, regardless of the political fallout to his shaky coalition government,…

Sklavenitis super market group expects to exceed 3 bln€ in consolidated turnover for 2018

By D. Alexaki [email protected] The Sklavenitis super market group is expected to exceed consolidated turnover in 2018 of three billion euros, with the management of the robust retailer expressing satisfaction…

Stelios Bi-Communal Awards 2018 on Cyprus announced

Easyjet founder and shipowner Stelios Haji-Ioannou this week announced the 50 bi-communal teams (50 Greek-Cypriots and 50 Turkish-Cypriots), each of which will receive cash prizes of  10,000 euros – with…

Greek appellate council to rule, for third time, whether ex-stats agency head to face criminal trial

A council of appellate justices will decide, for a third time, whether the former head of Greece’s statistics authority, Andreas Georgiou, will be tried on charges of inflating the state’s…

A total of 3,154 ‘golden visas’ issued in Greece for 2018 so far

A total of 3,154 “golden visas” have been issued by the Greek state to third country investors or buyers of real estate this year and up until Aug. 31, 2018,…

Piraeus Port Authority reports significantly higher H1 2018 profits

The Cosco-managed Piraeus Port Authority (PPA) this week announced 18.7 million euros in profits for H1 2018, citing higher turnover and reduced operating costs during the first six months of…