English

Monday, 05 November 2018

Land registry chief: Some 170K properties of ‘unknown owner’ will revert to state ownership

The president of Greece’s land registry, officially called the National Cadastre & Mapping Agency S.A., this week said system now includes nearly 30 percent of property rights in the east…

Dep. social insurances minister: No issue of retroactive returns to all pensioners

A relevant deputy social insurances minister on Monday alluded to reasons of “public interest” in precluding the retroactive return of previously cut pension benefits to all affected beneficiaries in Greece.…

Five commercial air carriers based, operate in Greece; 485 aircraft on Greek registry

Twenty-one aviation companies, with a total of 485 aircraft, are based and operate in Greece, according to figures released by the country’s Civil Aviation Authority last week. Most of the…

Industrial users decry PPC intent to raise power rates, cut discounts

The Hellenic Union of Industrial Consumers of Energy (UNICEN), which represents Greece’s power-intensive companies on energy-related issues and regulatory matters, has sharply condemned a recent initiative by the state-run Public…

Sources: Out-of-court settlement process for businesses expected to be extended

Extension of an out-of-court settlement framework for arrears owed by businesses, by six months or even a year, is considered a highly likely prospect, according to well-informed sources that spoke…

Sunday, 04 November 2018

Mitsotakis confident ahead of next elex: Greece first EU country hit by populism, first to be rid of populists

Main opposition leader Kyriakos Mitsotakis on Sunday promised a major renewal of his center-right New Democracy (ND) party’s candidate lists for next year’s general election, which cannot be held later…

More Erdogan saber-rattling: ‘We will not leave seas to bandits’

The latest “tough talk” emanating from neighboring Turkey came from none other than powerful Turkish President Recep Tayyip Erdogan on Sunday, during a military ceremony take possession of two new…

Friday, 02 November 2018

89 people picked up by coast guard off Samos in 2 migrant-smuggling instances

A total of 89 third country nationals attempting to land on Greek territory were located in two instances off the eastern Aegean island of Samos on Friday and subsequently transferred…

GasLog revenue, profits up in Q3 2018

Major LNG operator GasLog’s revenue 158.4 million USD in the third quarter of 2018, up from 131.2 million USD in the same quarter of 2017, while profits reached 39.3 million…

Reports: Chenavari fund in talks for majority stake of Aegean Baltic Bank

By A. Tsimplakis atsimp@naftemporiki.gr UK-based credit fund Chenavari is apparently ready to enter the Greek market, amid its ongoing negotiations to acquire a majority stake in Aegean Baltic Bank, which…

BoG Gov: Efforts to reduce NPEs, NPLs paying off

Bank of Greece (BoG) Gov. Yannis Stournaras on Friday said after three successive recapitalizations Greece’s four systemic banks now enjoy amongst the highest capitalization rates in the Eurozone, as well…

Former Novartis Greece chief Frouzis, 2 physicians acquitted of bribery charges

Two public health system physicians and the former vice-president and general director of Novartis’ subsidiary in Greece, Costas Frouzis, were acquitted of bribery charges – passive and active, respectively –…

Telegraph: AI-assisted lie detectors on EU borders; Greek opposition leader request Parliament debate on migrantion issue

The European Union is ready to begin the pilot use of AI-assisted lie detectors at its external borders, part of a plan to combat organized crime and terrorism, the Telegraph…

Handelsblatt: Markets suspicious of Greece

Handelsblatt on Friday recalled a now infamous boast by then firebrand opposition leader Alexis Tsipras in 2014, namely, that “we’ll beat the tabor (snare drum) and the markets will dance”,…

Jailed ex-minister says he’s consenting to immediate opening of bank accounts

Jailed former finance and economy minister Yannos Papantoniou, one of the most influential Cabinet members in the Simitis governments between 1996 and 2004, on Friday said he and his spouse…

Tsipras-Netanyahu meeting in Varna on sidelines of Balkan summit meeting

Greek Prime Minister Alexis Tsipras on Friday referred to “close cooperation” between Greece and Israel and the strategic significance of the Balkans, during a meeting with Israeli Prime Minister Benjamin…

Opposition points to last-ditch mudslinging effort by poll-trailing Tsipras govt as general elex looms

By G. Kampourakis gkamp@naftemporiki.gr The political thermometer in post-bailout Greece dramatically heated up this week following leaks, mostly in pro-government media, that a majority of Parliament MPs – all backing…

Anarchist raid at Argentine embassy in Athens

Some 10 members of a self-styled anarchist “collective” on Friday continued their string of recent “interventions” at diplomatic missions in the Greek capital, with a raid against the Argentine embassy…

Thursday, 01 November 2018

Athens-Skopje direct air link resumed

An Athens-Skopje air link was resumed on Thursday, with an Olympic Air passenger jet taking off from the Eleftherios Venizelos International Airport for the capital of the former Yugoslav Republic…

Real estate company denies wrongdoing in Golden Visa-linked property purchases by Chinese brokers

The Athens-based company now at the center of scrutiny over alleged Chinese capital control violations linked with residency visa-granting property purchases in Greece on Thursday decried what it called inaccurate…

EBRD maintains GDP growth forecasts for Greece: 2.2% in 2018, 2.3% in 2019

The European Bank of Reconstruction & Development on Thursday again forecast GDP growth for Greece at 2.2 percent this year, rising to 2.3 percent in 2019, retaining the same forecasts…

Realtors’ president refers to ‘pyramid’ involving Golden Visa-linked property purchases via Chinese brokers, POS payments

By T. Igoumenidi tigoum@naftemporiki.gr A very high-profile case involving alleged capital control violations in far-off China linked with property purchases in Greece, combining the export of capital via POS transactions…

Stricter welfare benefit criteria as of Nov. 1

Criteria for receiving state welfare payments have been stiffened as of Thursday in Greece, a measure affecting some 650,000 people in the country of roughly 11 million residents. The three…

Wednesday, 31 October 2018

SETE: Arrivals by air up in Sept. 2018; vehicle travel down

Tourist arrivals by plane increased in September 2018, while road travel decreased, compared to the same month in 2017, according to a study by SETE Intelligence, the research arm for…

Mast Maritime Services to serve as Kuzey Star Shipyard’s exclusive agent in Greece

Vouliagmeni-based Mast Maritime Services SA. this week announced an agreement whereby it will serve as the exclusive representative in Greece of Turkey’s Kuzey Star Shipyard. The two companies have had a…

WB report points deteriorating position for Greece in ‘Doing Business 2019’ report

Thrice bailed-out Greece’s ranking in another international survey continued to lag far behind other European countries, falling behind Colombia, Kirghistan and Albania in the World Bank’s “Doing Business 2019” report.…

Thessaloniki port authority CEO cites plan to attract business from neighboring Balkan states

By A. Tsimplakis atsimp@naftemporiki.gr The head of the recently privatized Thessaloniki Port Authority (OL.Th) this week promised to maintain the port’s status as the biggest hub for cargo headed to…

Reports: Chinese authorities probe capital controls violations linked with Greek property purchases

By S. Emmanuil semm@naftemporiki.gr Alleged violations of China’s capital controls in Greek real estate transactions linked with the so-called “Golden Visa” program have involved a high-profile executive vice-president of the…

Attorney for family of man killed in southern Albania says coroner allowed only 5 minutes to view body

An attorney for the family of a 35-year-old Greek citizen killed in a shootout with Albanian police on Sunday said authorities in the neighboring country allowed him and an accompanying…

Constitutional revision rehashed by govt as elex now looms less than a year away; No reference to issue of non-state unis

High-profile proposals for constitutional revision in Greece were again unveiled by Greek Prime Minister Alexis Tsipras this week, with general elections now less than a year away and roughly two…