English

Wednesday, 26 September 2018

Moody’s maintains Greece’s credit rating at B3

Moody’s on Wednesday announced that it has maintained Greece sovereign credit rating at B3, and with a positive outlook. The international ratings agency last upgraded Greece in February 2018. “The…

Greek shipping companies with installed scrubbers decry proposal for delay in introducing low sulfur fuel

By L. Karageorgos [email protected] Sources in the shipping hub of Piraeus told “N” this week that several Greek-owned companies that have already installed expensive scrubbers on their vessels are livid…

FF Group founders resign from board; forensic evaluation this week

By S. Emmanuil  [email protected] The founders of the embattled Folli Follie Group (FF Group) resigned on Tuesday evening in the wake of an explosive board of directors meeting and following…

58th World Federation of Exchanges general assembly in Greece next month

By I. Zafolia   [email protected] High-ranking executives of 99 stock markets from around the world that are members of the World Federation of Exchanges (WFE) will arrive in Greece for…

Remax Greece study sees increases in lease/rent prices across country for 2018

Lease prices across Greece increased by 8.4 percent over the recent period, compared with 2017,  a RE/MAX Greece study claimed this week, with the multinational realtor firm saying available residential…

Greek revenues authority says interest, penalties, fees bring arrears to state figure up to 182.2 bln€

By G. Palaitsakis [email protected] A new document submitted to Parliament by the independent public revenues authority substantially raises the amount of arrears owed to the Greek state and pension funds…

Tuesday, 25 September 2018

Politico claims European Anti-Fraud Office probing ‘irregularities’ in Greece regarding EU funds for migrant/refugee crisis

Politico Europe on Tuesday cited an unnamed spokesperson for the European Anti-Fraud Office (OLAF) as saying an investigation has begun into alleged “irregularities” involving EU funds provided to Greece to…

Tsipras-Erdogan meeting in NYC covers bilateral issues

A meeting in New York City between Greek Prime Minister Alexis Tsipras and Turkish President Recep Tayyip Erdogan lasted for roughly one hour on Tuesday, with government sources in Athens…

New Ryanair flights in 2019 to connect Rome with Rhodes; Bologna with Corfu

Ryanair on Tuesday announced two new routes connecting two Greek isles with Rome and Bologna, respectively, as of April 2019. The twice-a-week flights will connect Rhodes with Rome and Corfu…

Guterres lauds Prespa agreement between Athens, Skopje

UN Secretary-General Antonio Guterres on Tuesday referred to the landmark agreement between Athens and Skopje to finally resolve the fYRoM “name issue”, in his address to at the 73rd UN…

Tripling of primary budget surplus target attributed to greater collection of taxes; curtailed returns, public investments

The Greek state’s over-performance in terms of achieving an eight-month primary budget surplus target, which exceeded the target three-fold – 3.157 billion euros over a prescribed 917 million euros –…

High court prosecutor insists recent instructions not meant to delay, complicate Mati wildfire probe

The high court’s top prosecutor on Tuesday called on the judicial official assigned a closely watched case involving the deadly July 23 Mati wildfire to continue his criminal investigation, a…

Greece a disappointing 108 out of 162 countries in latest Economic Freedom index

This year’s annual Economic Freedom ranking by the Canada-based Fraser Institute – with data concerning 2016 has Greece ranked 108th among 162 countries, an slightly improved ranking but still woeful…

Monday, 24 September 2018

Tsipras at UN event: Exit from bailout era with protection of the weakest

Greek Prime Minister Alexis Tsipras addressed a UN event on Monday in New York City for late South African statesman Nelson Mandela, where referred directly to what he called his…

ESM’s Janse on fund’s involvement in Greek program: Approach of granting loans in return for econ reforms works

European Stability Mechanism (ESM) secretary general Kalin Anev Janse noted on Monday that Greece’s ability to overcome its economic problems is “a sign of the resilience of its people,” writing…

fYRoM PM Zaev sees doubling in bilateral trade if Prespa agreement implemented

The prime minister of the former Yugoslav Republic of Macedonia (fYRoM), Zoran Zaev, predicted a doubling of trade with Greece upon ratification of a landmark agreement to finally resolve the…

Tsakos Energy Navigation reportedly eyes order for up to 12 new container ships

By L. Karageorgos [email protected] The Tsakos shipping group this month announced that it aims to significantly increase the number of container ships in its fleet, with recent reports pointing to…

ISO 45001 for Minerva Marine

Minerva Marine Inc. this week announced that it has received an ISO 45001 by the Norwegian registry DNV GL. The  certification stems from Minerva’s commitment to excellence, its performance, the…

OPAP confirms deal to acquire one-third of rival sports betting site’s parent company

OPAP, the biggest sports gaming company in Greece and the exclusive operator of numerical lotteries and betting parlors,  on Monday confirmed a deal by which it will acquire 36.75 percent…

Eurozone official: Decision on Athens’ request to avoid latest round of pension cuts probably on Dec. 5

By N. Bellos [email protected] Any decision to acquiesce to a pressing request by Athens for a suspension of scheduled social security cuts in January 2019 will, by all accounts, be…

Greek ministry says primary budget surplus triple the target over Jan-Aug period

Figures for Greece’s primary budget surplus, as a percentage of annual GDP, showed that a dramatic over-performance in the Jan-Aug 2018 period. Specifically, the finance minister said the creditor-mandated primary…

Inaugural World Values Survey in Greece shows higher insecurity, introversion and mistrust by Greek citizens

Insecurity, introversion and mistrust are increasingly gripping Greek citizens, a new World Values Survey finds, the first time the specific survey – conducted since 1981 – also included Greece. The…

Lack of Moody’s upgrade for Greece deemed as first post-bailout ‘hiccup’

By G. Sakkas [email protected] Moody’s hesitation to issue another credit review for Greece on Friday and a much hoped-for upgrade generated discomfort with the coalition government over the weekend, although…

Sunday, 23 September 2018

First post-bailout Greek review by creditors expected after mid-Nov.

By T. Tsiros [email protected] Deliberations between the Greek government and representatives of institutional creditors – the one-time “troika” or “quartet” – will continue until at least mid November, with the…

Tsipras-Erdogan meeting in NYC on Tues

Greek Prime Minister Alexis Tsipras will meet with Turkish President Recep Tayyip Erdogan on Tuesday in New York City, on the sidelines of the 73rd UN general assembly. According to…

Greek DM irked by front-page article; files criminal libel suit that jails publisher, two journalists for a day

The publisher of an Athens daily, an editor and a political reporter were freed from custody on Sunday morning after spending the night at a police precinct following a lawsuit…

Major blaze at Univ. of Crete campus

Α major blaze erupted on Sunday morning at the University of Crete’s campus in Irakleio, Crete. The fire was not threatening the student dormitories, authorities said. …

Friday, 21 September 2018

Record-breaking fast ferry added to Seajet’s Aegean fleet

The latest high-speed ferry in Seajet Plan’s fleet arrived at the port of Piraeus this week, with the “WorldChampion Jet” – the former HSC Villum Clausen – set to bring…

FinMin points to positive econ figures in bid to attract investors; downplays concerns over high fiscal targets, return to markets

Greek Finance Minister Euclid Tsakalotos returned to familiar territory this week – in the United Kingdom – for the 13th “Roadshow” organized by the Athens Stock Exchange in London on…

Fraport Greece announces fee hikes next year at 3 airports whose upgrades will finish by end of 2018

Fraport Greece this week announced that it will increase fees at three airports whose upgrades will be completed by the end of the year, namely, at Hania, Kavala and Zakynthos.…