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Sunday, 16 September 2018

Mitsotakis pledges to overturn most recent pension reform; press con’f on Sunday

Main opposition New Democracy (ND) leader Kyriakos Mitsotakis appeared confidant on Saturday evening that his center-right party will win the next general election, pledging to abolish the current leftist-rightist coalition…

Saturday, 15 September 2018

Russian Orthodox Church angrily reacts to Ecumenical Patriarchate’s decision to recognize Ukrainian rival

Powerful Russian Patriarch Kirill this week announced that the Russian Orthodox Church will stop including Ecumenical Patriarch Bartholomew I, the “primus inter pares” of the world’s Orthodox Patriarchs, in the…

Mitsotakis: ND will not support Prespa Agreement, not now nor in next Parliament

Main opposition New Democracy (ND) leader Kyriakos Mitsotakis on Saturday promised that his party will not support a landmark agreement between Athens and Skopje to finally resolve the fYRoM “name…

Karamanlis from Thessaloniki: We’re all here to support a major election victory by ND

Former Greek prime minister Costas Karamanlis emphasized on Saturday, from Thessaloniki, that “we’re all here for a major ND election victory”, speaking before a scheduled address in the city by…

Mitsotakis from Thessaloniki: ‘We Can!’

Main opposition New Democracy (ND) leader Kyriakos Mitsotakis took center-stage just after 8 p.m. (local time) at the Thessaloniki International Fair (TIF) on Saturday evening, beginning his address with a…

Mitsotakis tours TIF on Sat., ahead of closely watched evening address

Main opposition New Democracy (ND) party president Kyriakos Mitsotakis continued his tour of the 83rd Thessaloniki International Fair (TIF) on Saturday, where he’s set to deliver an address later in…

Tsakalotos to ‘N’: Cap controls will be further relaxed; ‘discussion underway’ over scheduled pension cuts

Greek Finance Minister Euclid Tsakalotos this week promised a further relaxation of capital controls, in an interview to “N”, his first after the country’s exit from the third memorandum bailout…

Friday, 14 September 2018

AIA SA offers 1.115 bln€ for 20-year extension of airport concession

Greece’s privatization fund (HRADF) on Friday announced that the Athens International Airport SA (AIA) has submitted a new offer for a 20-year extension of the facility’s concession, which was approved…

Athens hastily clarifies on heated pension cuts issue: ‘No negotiation between gov’t and institutions, only discussions’

Athens quickly clarified on Friday afternoon that there is “no negotiation between the government and the institutions (creditors), but only discussions,” after conflicting press reports out of the Greek capital,…

Greek primary budget surplus reaches 3.1 bln€ in Jan-Aug 2018 period

The Greek state’s primary budget surplus over the first eight months of 2018, according to provisional finance ministry figures released on Friday, shows an significant over-performance in terms of reaching…

Commission spox on looming social security spending cut in Greece: Agreements must be kept

A European Commission spokesman on Friday flatly repeated that Greece must meet previous commitments to creditors, in directly referring to looming pension cuts in 2019 and amid conflicting press reports…

Creditors open to discussion on pension cut measure, in theory, at least

By Vassilis Kostoulas [email protected] Despite the fact that Greece’s institutional creditors continue to emphasize, at every turn, that Athens must implement agreed-to reforms and not curtain previous ones after the end…

Oceangold says shipbuilding schedule with Korea’s STX Offshore & Shipbuliding will continue

By L. Karageorgos [email protected] Oceangold shipping, controlled by Yannis Dragnis, this week announced that its ship-building program was continuing as planned, with six new product tankers being built in Korea’s…

Thursday, 13 September 2018

Piraeus Port Authority signs third MoU with Chinese port; Guangzhou the latest

Cosco-managed Piraeus Port Authority signed its third MoU with a major Chinese port this week, with Guangzhou Port officials on hand at Greece’s biggest and busiest port. The MoU was…

Greek Parliament president confident Prespa agreement will be ratified; points to Feb., March 2019

Greece’s parliament president on Thursday said a crucial bilateral agreement with the former Yugoslav Republic of Macedonia (fYRoM) to finally resolve the “name issue” will come before the Greek legislature…

USS Mout Whitney an imposing sight off Thessaloniki

By G. Hatzilidis [email protected] The latest sightseeing highlight in the northern port city of Thessaloniki lies off the metropolis’ shores, with the anchored USS Mount Whitney dominating the horizon with…

Seven injured, one more seriously, during rock slide at iconic Navagio cove

The number of injured from Thursday’s rock slide at the well-known Navagio cove on the Ionian island of Zakynthos has reached seven, including a 34-year Czech woman who has sustained…

Zaev to Europarliament: Faith in Europe led to us to historic agreement with Greece

The prime minister of the former Yugoslav Republic of Macedonia (fYRoM), Zoran Zaev, told MEPs at the European Parliament on Thursday that his country’s “faith in Europe is one of…

Rock slide at iconic Navagio cove on Zakynthos

A rock slide at the iconic Navagio site on the Ionian island of Zakynthos has resulted in light injuries for three people, although concerns were later expressed over missing persons,…

Ex-Parliament Budget office director warns against overturning measures agreed-to with creditors

The former head of Parliament’s independent Budget Office, Panagiotis Liargovas, on Thursday emphasized that although the third – and hoped-for last – Greek bailout officially concluded last, creditors’ supervision of…

Greek umemployment rate falls to 19% in Q2 2018

The official unemployment rate in Greece continued to ease in 2018, with the latest figures for the second quarter of the year showing it dropping to 19 percent, down from…

11 suitors for EPC portion of IGB connector pipeline project

By K. Deligiannis [email protected] Eleven construction or energy-related companies and consortia have expressed an interest in a connector natural gas pipeline between Greece and Bulgaria (IGB), with a relevant international…

Passenger traffic at Greek airports between Jan-Aug 2018 exceeding 2017’s figures by 9.9%

Passenger traffic at airports around Greece continued to grow in 2018, with the latest figures for the Jan-Aug period showing nearly 45 million people arriving or leaving by airplane. The…

Creditors continue to press for reduction in NPEs, NPLs weighing down Greek banks

By E. Sakellari [email protected] The Olympus-sized “mountain” of “bad debt” burdening Greek banks’ ledgers dominated talks on Wednesday in Athens between institutional creditors’ top auditors and credit institutions’ representatives, as…

Wednesday, 12 September 2018

Third LNG tank at Revithousa facility ready next month, DES.FA sources

By K. Deligiannis [email protected] Construction of a third LNG tank on the islet of Revithousa, just off an industrial district on the mainland west of the port of Piraeus, is…

Juncker again asked about Greek pension cuts; repeats that agreed-to measures must be implemented

EU Commission President Jean-Claude Juncker on Wednesday again dampened the Tsipras government’s hopes of avoiding agreed-to social security spending cuts in 2019, speaking almost simultaneously with reports out of Athens…

Govt source: Athens tables arguments to creditors to avoid new round of social security spending cuts

The Greek government, as expected, on Wednesday broached the issue of suspending a planned reduction in social security spending – set for of Jan. 1, 2019 – in the first…

Public Debt Management Agency: Uniform yield remains stable at 1.09% for 12-month Greek bonds

The Greek state raised 812.5 million euros from an auction of 52-week T-Bills on Wednesday, with total bids reaching 898 million euros, oversubscribing the offer by 1.44 times. The uniform…

Greek tourism sector turnover increases in Q2 2018

Turnover in Greece’s all-important tourism sector – particularly in terms of hospitality and food-and-beverage – continued to increase in the second quarter of 2018, up by 11.5 percent , compared…

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…