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Wednesday, 05 December 2018

SETE workshop to promote wine tourism in Greece

The Greek Tourism Confederation (SETE) organized a thematic workshop this week to promote wine tourism, held in cooperation with a national inter-professional organization representing winemakers and viticulturists. Entitled “When Wine…

Union of Greek Shipowners joins Arctic Economic Council (AEC)

The Union of Greek Shipowners (UGS) on Wednesday announced that the sector organization has been accepted as a member in the Arctic Economic Council (AEC). The latter describes itself as…

Tsipras promises cheaper fuel, cites implementation of fare subsidization program for isle residents

Greek Prime Minister Alexis Tsipras promised cheaper fuel pointed to the implementation of a passenger and freight fare subsidy for the permanent residents of certain islands – beginning next month…

Itinerary fixed for Tsipras visit to Moscow on Fri.

Greek Prime Minister Alexis Tsipras’ office on Wednesday announced the itinerary for his official visit to Moscow this week, with the latter set to meet with Russian Premier Dmitry Medvedev…

Mitsotakis to FT: Emphasis on structural reforms, investments

Main opposition New Democracy (ND) leader Kyriakos Mitsotakis stayed “on message” in an interview with Financial Times this week, stressing that if elected as the next prime minister in the…

Greece’s Antenna media group to sell Serbian, Montenegrin subsidiaries for 180mln€

Athens-based media group Antenna on Wednesday announced that it was selling its subsidiaries in Serbia and Montenegro for 180 million euros. The group’s Serbian subsidiary owns two free-to-air televisions stations,…

OECD: Greece first in terms of tax hikes between 2007-17

Greece finds itself in the unenviable “top spot” of the OECD’s list in terms of tax hikes in surveyed member-states, with relevant tax revenues in the thrice-bailed out country posting…

Ex-FinMin Hardouvelis acquitted, for second time, on charge of failing to submit statement of means

Former finance minister Gikas Hardouvelis was unanimously acquitted – for a second time in the same case – this week on charges of failing to submit a mandatory statement of…

PPC deadline to major steel mill, state-run metallurgical concern to pay millions of euros in arrears

By K. Deligiannis [email protected] Public Power Corp. (PPC), Greece’s dominant electricity utility, has given a Dec. 17 deadline to Halyvourgiki, the biggest steel mill in the country, to begin covering…

Tuesday, 04 December 2018

Top Greek, fYRoM diplomats agree to avoid ‘problematic statements’ affecting Prespa pact; Zaev backs away from ‘language’ quote

The latest “hiccup” affecting a provisional agreement between Athens and Skopje to resolve the long-standing “fYRoM name issue” revolved around a statement over the weekend by the neighboring country’s prime…

Latest twist in major gold trafficking case on Tues.

Speculation was rife in Athens on Tuesday that eight defendants on remand in a massive gold trafficking investigation, accompanied by charges of fencing and racketeering, will soon be set free…

Marine tourism professionals in Greece await ministerial decision on VAT imposition

By A. Tsimplakis [email protected] Professionals in the maritime tourism sector are awaiting a joint ministerial decision that excludes certain categories of vessels from imposing VAT on their rates, based on…

US embassy in Athens closed on Wed. as part of mourning for passing of George H.W. Bush

The US embassy in Athens and its consular section, the US consulate general in Thessaloniki, and all US federal government offices in Greece will be closed on Wednesday, Dec. 5 in…

Mitsotakis: Radical tax reform to jumpstart Greece’s econ growth if ND elected

By G. Kanoupakis [email protected] Main opposition New Democracy (ND) leader Kyriakos Mitsotakis this week reiterated his center-right party’s proposal for a “radical tax reform” in the country, pointing to a…

PPC to float corporate bond in Q2 2019

By K. Deligiannis [email protected] Public Power Corp. (PPC) is expected to issue a corporate bond of between 400 to 500 million euros within the first quarter of 2019, according to…

Eurogroup formally suspends next round of Greek pension cuts

By N. Bellos [email protected] Eurozone finance ministers on Monday, as expected, formally approved of a suspension of the social security reduction that was set for implementation in Greece on Jan.…

Monday, 03 December 2018

Μinimum auction prices for Folli Follie shares in Attica department store set

An information bulletin for the auction of Folli Follie’s 35.7-percent stake in Attica department stores has been posted on the eauction.gr platform by creditors banks. FF’s shares in the central Athens…

RINA executives brief Greek shipping community on new technologies

The Hellenic committee of Italy-based ship classification and certification provider RINA hosted a  meeting with several top leaders of Greece’s shipping community last month, with the emphasis new technologies. The…

Bureau Veritas’ 29th marine technical committee meeting in Piraeus last month

Bureau Veritas organized the 29th marine technical committee meeting of last month at the Yacht Club of Greece, which was hosted George Andreadis, Veritas’ marine chief executive, and chaired by…

BoG Gov. Stournaras from Berlin: Stay the course on reforms, obligations to creditors

Bank of Greece (BoG) Gov. Yannis Stournaras on Monday emphasized – from Berlin, no less – that reforms in thrice-bailed out Greece must continue, while again warning that Athens’ obligations…

Top Greek banker: Lenders eyeing primary residence protection limit at 100K euros in property value; ‘Cyprus model’

By V. Kostoulas [email protected] A top Greek banker on Monday shed light on the issue of protection of primary residences in Greece – shielding over-indebted households from creditors – after…

Latest political row erupts from press leaks citing report by govt-backing majority on Parliament com’t, political rivals cited

The latest political row in Greece emerged on Monday morning from press leaks of a report by the majority of members on a Parliament committee investigating alleged health sector corruption,…

Albania’s Rama refers to a pending meeting with Greece’s Tsipras

Albanian Prime Minister Edi Rama referred to an upcoming meeting with his Greek counterpart, adding it will come “very soon”, in comments to Greece’s state-run news agency. The Albanian leader…

S&P upgrade of Greek utility PPC a needed boost

S&P’s upgrading of Greece’s Public Power Corp. (PPC), the state-run and dominant electricity utility in the country, bodes well for the ATHEX-listed company’s efforts to restructure in the next six…

EZ creditors to query Athens over ‘bad debt’, new framework for legal protection of primary residences

The Greek side is expected to again be on the “receiving end” of pressure by Eurozone partners on Monday during a Eurogroup meeting, with the emphasis being on Athens’ implementation…

Friday, 30 November 2018

NBG group returns to profitability over Jan-Sep 2019 period; posts 48mln€ in profits

National Bank of Greece on Friday reported 48 million euros in profits in the Jan-Sept. 2018 period  at the group level, compared with damages of 103 million euros in the…

Public revenues authority: Four taxpayers generated 900 mln€ in non-tax arrears last Sept.

In one of the more interesting bits of statistics released this month by the country’s independent public revenues authority is the fact that 900 million euros, out of 1.4 billion…

Budućnost fans prevented from attending basketball match in Athens over hooliganism concerns

A total of 37 Montenegrin citizens travelling to watch a basketball game in Athens on Friday afternoon were detained at a tollway station west of the Greek capital, after authorities…

Mitsotakis, Gennimata on school sit-ins against Prespa pact: Protest a right, but with classrooms open

Main opposition New Democracy (ND) party president Kyriakos Mitsotakis on Friday weighed in over a successive wave of high school occupations and sit-ins by pupils – mostly in northern Greece…

Greek corporate tax rates 5th in EU; annual revenue collection at 4.5bln€

By T. Tsiros [email protected] Business entities in Greece face the fifth highest tax rate on profits in the European Union, despite a recently Parliament voted reduction in the corporate rate,…