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Sunday, 30 September 2018

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…

Finance ministry announces further easing of 2015-era capital controls

The finance ministry on Thursday announced a further easing of capital controls in Greece, one of the remaining repercussions from failed negotiations between the Tsipras coalition government and institutional creditors…

Athens-area schools ordered closed as a precaution against hurricane-like storm

Primary and secondary schools were ordered closed on Friday in the greater Athens area by the Attica prefecture governor, Rena Dourou, as a precaution against what she called “particularly intense…

Govt dilemma over whether or not to include scheduled pension cuts in draft 2019 budget

By G. Kampourakis [email protected] The Tsipras government this week emphasized that submission, to Parliament, of the 2019 draft budget will not be delayed due to its increasingly pressing effort to…

Mitsotakis on Moria, Tsipras govt: It’s immoral to receive 1.6 bln€ in order to build world’s worst refugee camp

Main opposition New Democracy (ND) leader Kyriakos Mitsotakis on Thursday pounced on reports that the European anti-fraud office (OLAF) was investigating reports of misuse of EU funds allocated for refugee-linked…

FF Group forensic evaluation reveals one-billion-USD ‘hole’ in 2017 turnover

By S. Emmanuil & I. Zafolia A long-awaited forensic evaluation by Alvarez & Marsal (A&M) of beleaguered Folli Follie Group (FF Group) shows the latter’s value at one-tenth of what…

Wednesday, 26 September 2018

Rare hurricane-like storm threatens SW Greece on Friday

The specter of a “medicane”, a Mediterranean tropical-like cyclone, hitting the southern Ionian sea region and southwest Greece on Friday has caused concern in the country and heightened media attention.…

Tsipras takes ‘investment-friendly’ message to Manhattan in meetings with fund reps

Greek Prime Minister Alexis Tsipras took his overseas message of “more investments for post-bailout Greece” to Manhattan on Wednesday, where he addressed US investors and representatives of investments funds in…

Greek FinMin again says high ‘fiscal space’ precludes implementation of pension cuts, lower tax-free income threshold

Greek Finance Minister Euclid Tsakalotos on Wednesday continued to insist that already legislated austerity measures – another round of pension cuts in 2019 and a lowering of the tax-free annual…

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…