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Wednesday, 12 September 2018

Athens court maintains temporary protection against creditors for FF Group

An Athens first instance court on Wednesday accepted a motion by the Folli Follie Group to maintain an injunction that provides the multinational retailer and jewelry accessory maker protection from…

Tsipras quip casts doubt over ongoing tender process to sell-off bankrupt Henry Dunant hospital

A quip by Greek Prime Minister Alexis Tsipras over the weekend has reportedly thrown a “monkey wrench” into an ongoing tender process to sell-off the bankrupt Henry Dunant (Errikos Dinan)…

Tuesday, 11 September 2018

Tsipras: Pension cuts unnecessary if fiscal targets being met

Greek Prime Minister Alexis Tsipras repeated on Tuesday, this time from Strasbourg, that his poll-trailing government will avoid implementing social security spending cuts on Jan. 1, 2018, as long as…

Mati wildfire death toll reaches 99

The number of victims from a July 23 wilfire that destroyed the Mati settlement in eastern coastal Attica reached 99 on Tuesday, with a badly burned 26-year-old passing away at…

Tsipras’ address at Europarliament followed by acrimonious exchange over nepotism references

Greece’s often venomous political landscape spilled over into a European Union setting on Tuesday during Greek Prime Minister Alexis Tsipras’ address before a Euro-parliament plenary session in Strasbourg, when the…

Greek PM calls for ‘progressive front’ in next year’s Euro-poll; EPP cadre: Tsipras, his gov’t must avoid populism, radicalism

Greek Prime Minister Alexis Tsipras on Tuesday rang “warning bells” against what he called encroaching populism in the European Union, addressing a European Parliament plenary session in Strasbourg, where the…

Top EBRD official: Significant rise in investments after solution of fYRoM ‘name issue’

A top European Bank for Reconstruction and Development (EBRD) official was quoted by Reuters this week as saying that investments funneled towards Greece and its neighboring former Yugoslav Republic of…

US envoy Pyatt to “N”: Would-be investors in Greece want to see ‘predictability’

By V. Kostoulas [email protected] US ambassador to Greece Geoffrey Pyatt, days after attending the inauguration of the 83rd Thessaloniki International Fair (TIF) over the weekend, where the United States is…

Four int’l gaming groups request info on Helleniko license ahead of tender

By L. Kalamara [email protected] Four international gaming groups have reportedly expressed an initial interest in vying for a casino license at the Helleniko site, where the biggest real estate development…

Monday, 10 September 2018

US Sec’t of Commerce Ross: Next step for Greece is propel economy into true growth orbit

US Secretary of Commerce Wilbur Ross, who represented Washington over the weekend at the opening of a major trade fair in the northern city of Thessaloniki, said the most important…

Hotel federation president estimates 60K properties in Greece listed on Airbnb-like platforms

More than 60,000 residential properties in Greece are listed on short-term lease platforms, i.e. Airbnb, the president of Greece’s hoteliers’ federation assessed this week. In comments to the state-run news…

Realtors’ association points to signs of recovery in Greek property market

Greece’s recession-battered real estate sector is showing faint signs of recovery, according a nationwide study by an association representing realtors and certified property assessors in the country. The study, presented…

Creditors request lifting of injunction protecting Folli Follie’s assets; stake in mall possibly on selling block

Greece-based Folli Follie’s creditors on Friday requested the removal of an injunction protecting the retailer and jewellery accessory maker’s assets, after reporting overdue loans worth nearly 45 million euros.   …

‘Religious purification’ reportedly cited in case involving vandalism of icons at Athens-area museums

Criminal charges were filed on Monday against two women arrested for at least three instances of vandalism at a same-number of Athens-area museums, in one of the more bizarre cases…

Ministry finally tabled draft bill establishing legal framework for seaplane routes in Greece

By F. Zois [email protected] A decades-old initiative to commence regular seaplane routes in Greece, which boasts scores of inhabited islands and number coastal sites without a nearby commercial airport, may…

Regling: Debt relief measures interrupted if Athens retreats on agreed-to reforms

European creditors took less than a day to react to the leftist-rightist coalition government in Athens, following a more-or-less package of future tax breaks and spending measures unveiled by Greek…

Breakdown of Tsipras’ promised measures, costs up until 2022

A package of measures, most bumped into the future and many even after general elections are scheduled in the autumn of 2018, were announced by Greek Prime Minister Alexis Tsipras…

Greek army release details of arrest of 2 Turkish servicemen who strayed across border; subsequent return

Greece’s army general staff on Sunday evening provided details over a bizarre incident before 11 a.m. the same day, when two Turkish servicemen were arrested some 150 meters inside Greek…

ND given 10.9 pct point lead over SYRIZA in latest poll

Main opposition New Democracy (ND) party is given a 10.9-percentage point lead over ruling SYRIZA in a latest opinion poll, which was commissioned and published by the Sunday weekly “Proto…

Sunday, 09 September 2018

Ministry confirms: 2 armed Turkish servicemen arrested on Greek territory

Two Turkish servicemen were detained in the Peplos site on the frontier with Turkey in the Evros prefecture, Greek authorities announced on Sunday afternoon, confirming initial press reports of an…

Tsipras defends Prespes agremeent, says he’ll exhaust 4-year mandate

Greek Prime Minister Alexis Tsipras sat for a lengthy press briefing on Sunday in Thessaloniki, taking questions from numerous reporters – including two media outlets directly affiliated with his own…

Incident reported in NE Evros prefecture

Αn incident between Greek and Turkish armed forces was reported on Sunday morning on the land border in northeast Evros prefecture, with details still very sketchy as to the exact…

Tsipras: Meeting, exceeding fiscal targets means looming pension cuts unnecessary; blames IMF

Greek Prime Minister Alexis Tsipras over the weekend appeared confident that his leftist-rightist coalition government will continue to achieve memorandum-mandated and ambitious primary budget surpluses of 3.5 percent (of annual…

Saturday, 08 September 2018

Tsipras: We took difficult decisions in 2015, which are now justified

Greek Prime Minister Alexis Tsipras repeatedly pointed to a “vision” for Greece the future in the post-bailout period, speaking on Saturday evening from Thessaloniki on the occasion of an annual…

FS ‘bullet train’ makes debut in Greece; full service as of 2019

F. Zois [email protected] The Italian high-speed “Pendolino”, or “silver bullet”, debuted in Greece on Saturday, arriving in the northern port city of Thessaloniki on the occasion of the beginning of…

US interest in troubled Elefsina, Skaramangas shipyards

US-based ONEX, which will soon take control of the Neorion Yard on the Cyclades island of Syros, has expressed an interest in the country’s biggest such facilities, in Elefsina and…

Merkel in Skopje: ‘Seize democratic opportunity to say what you think about your country’s future’

The latest international leader to weigh in on the prospect of finally resolving the fYRoM “name issue” was none other than German Chancellor Angela Merkel on Saturday, speaking from Skopje,…

Friday, 07 September 2018

Hellenic Cables in consortium picked for twin contract to connect offshore wind park in the Netherlands

A consortium comprised of Van Oord and Hellenic Cables S.A. has been awarded a contract by TenneT to provide and install underwater and terrestrial cable for the Hollandse Kust (South)…

Pompeo the latest top US official to laud Prespes agreement on fYRoM ‘name issue’

US Secretary of State Mike Pompeo on Friday followed Donald Trump in congratulating the neighboring former Yugoslav Republic of Macedonia (fYRoM) on the occasion of its 27th independence anniversary (Saturday),…

Lamda Development reports after-tax profits of 25.1 mln€ in H1 2018

By T. Igoumenidi [email protected] Lamda Development announced after-tax profits of 25.1 million euros for the first half of 2018, compared to damages incurred over the corresponding period of 2017 of…