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Friday, 07 September 2018

US Sec’t of Commerce Ross arrives in Thessaloniki; meets with Tsipras

US Secretary of Commerce Wilbur Ross arrived in the northern city of Thessaloniki on Friday, where he was received by Greek Prime Minister Alexis Tsipras. Ross will represent the United…

Navios Maritime Containers Inc. readies for NASDAQ listing

Navios Maritime Containers Inc. is heading for a listing on NASDAQ under the symbol  to “NMCI”, with the plan being to float 5,263,158 common shares at a share price of…

Florina man arrested after 42 ancient, medieval coins found in his possession

A 32-year-old in the northwest city of Florina was arrested on Friday on charges of illegally possessing and trafficking antiquities, after authorities discovered 46 ancient and medieval coins in his…

Survey: 9 out of 10 respondents in Greece say austerity will not end with last bailout’s expiration

By V. Vegiri [email protected] Nine out of 10 people surveyed in Greece recently believe that the recently concluded third bailout will not mark an end to austerity policies, assessing that…

US ambassador: 83rd TIF a landmark in bilateral relations

US ambassador to Greece Geoffrey Pyatt on Friday referred to “a landmark in our bilateral relationship” in describing Greek-US relations, as the United States is the honored nation at this…

Greek PM Tsipras expected to offer some tax relief during weekend address; view on next year’s election

G. Kouros [email protected] A reduction in the unpopular property tax (ENFIA), by 209 million euros annually, and cuts in certain tax rates for taxpayers and businesses alike are expected to…

Thursday, 06 September 2018

Haji-Ioannou eyes investment in Greek start-up Ferryhopper

By S. Emmanuil [email protected] Easyjet founder and shipowner Stelios Haji-Ioannou is reportedly considering an investment in the Greece-based start-up Ferryhopper as part of the easyGroup. Initial reports refer to a…

West Nile fever death toll in Greece up to 21

Greece’s Center for Disease Control and Prevention (HCDCP) on Thursday said the death toll from West Nile fever has reached 21, with 178 incidents reported in the country so far.…

Greek shipping interests again take first place in second-hand vessel transactions

By L. Karageorgos [email protected] Greek shipowners and Greek-controlled shipping companies continued to hold an overwhelming lead in terms of vessel sales and purchases over the first eight months of 2018,…

‘Bad loans’ held by Greek banks reduced in June 2018

Greek banks continued to reduce their exposure to “bad loans” in the second quarter of 2018, according to figures released by the Bank of Greece (BoG) on Thursday. The sale…

Acropolis Museum among ‘Top 6’ worldwide, according to Tripadvisor

The Acropolis Museum is among the top six museums in the world for 2018, according to Tripadvisor, which bestowed its annual “Travellers Choice Awards” this week. The distinctions are awarded…

Greece’s jobless rate eases to 19.1% in June 2018

Seasonally adjusted unemployment eased to 19.1 percent in June 2018, compared with an official rate of 21.3 percent in the same month of 2017, the country’s statistics authority (EL.STAT) announced…

ND questions purchase of Skopje-based company owned by minister by PPC; months before Prespes deal

Main opposition New Democracy (ND) party on Thursday directly questioned the recent acquisition of a private electricity trader and provider in the neighboring Former Yugoslav Republic of Macedonia (fYRoM) by…

Audits of high-income, asset-holding taxpayers in Greece dramatically slows in 2018

By G. Palaitsakis [email protected] Audits of taxpayers with high incomes and assets have slowed in Greece over 2018, as have fines for violations discovered during such probes, according to the…

Wednesday, 05 September 2018

Greek high court throws out special consumption tax on wine

The Council of State (CoS) has reportedly overturned a controversial surcharge on wine, according to Greek Wine Federation, in a statement on Tuesday. The highly unpopular surcharge on wine was…

High court rules against Church of Greece over taxed income from leased urban properties

A trio of Council of State (CoS) rulings this week rejected an appeal by the Autocephalous Orthodox Church of Greece requesting that it be excluded from paying taxes on income…

EU official offers glimmer of hope that latest round of pension cuts will be avoided

A glimmer of hope for the embattled Tsipras government that creditors will acquiesce to a postponement, or even suspension, of scheduled pension cuts as of Jan. 1, 2018, emerged this…

UN mediator Nimetz: Failure to pass ‘name issue’ agreement could lead to another 25 years before resolution

The most experienced of the “old hands” involved over the past quarter century in the “name issue”, US diplomat Matthew Nimetz, reiterated this week that if a Sept. 30 referendum…

Sources: Former ND leader, minister Meimarakis to lead party’s MEP ticket in next year’s elex

Former main opposition New Democracy (ND) leader Vangelis Meimarakis will be lead the center-right party’s election slate in next year’s European Parliament elections, sources close to the party said on…

End of summer season to witness up to 100 hotels, resorts around the country landing on auction block

By L. Karageorgos [email protected] The end of the summer tourism season in increasingly tourism-dependent Greece will be marked by the commencement of property auctions involving up to 100 insolvent hotels…

Ind’p uthority announces recipients of five nationwide TV broadcast licenses

Greece’s National Council for Radio and Television (ESR), the independent watchdog and licensing authority for broadcasters in the country, on Wednesday announced the recipients of five nationwide television licenses. All…

Pro fishermen in eastern Aegean cite ‘undeclared war’, systematic encroachment of Greek waters by Turkish rivals, coast guard

Thirty-six professional fishermen in Greece have sent an extra-judicial notice to the Greek government charging that Turkish coast guard vessels and rival fishermen from the neighboring country are systematically encroaching…

Greece picked as top destination for 2018 at Condé Nast Traveller gala

Greek tourism got a major international boost this week as the east Mediterranean country was chosen as the top destination in the “The World’s Top 100” category, which was announced…

Spreads continue to increase for 10-year Greek bond

Spreads for Greek 10-year bonds climbed higher this week into the “prohibitive range”, influenced by investors’ jitters over developing markets and standing concerns over Italian finances.  On Wednesday morning, indicatively,…

OECD places Greece in unenviable first place among 34 members for tax increases between 2007-16

The latest report by the Organisation for Economic Co-operation and Development (OECD) more-or-less confirms what Greek taxpayers and business owners in the country continue to suffer in the second half…

Tuesday, 04 September 2018

BofA/Merrill Lynch details battle by Greek systemic banks to reduce NPEs

Reduced pressure on Greek lenders’ H1 2018 results from lower non-performing exposures (NPEs) is the highlight of four separate reports by BofA/Merrill Lynch this week, one for each systemic bank…

Mitsotakis pledges to immediately cut social security contributions; allow private sector involvement in supplementary sector

Main opposition New Democracy (ND) leader Kyriakos Mitsotakis on Tuesday reiterated that, if elected as the next prime minister, his future government will immediately reduce social security contributions and promote…

Greek FM in Izmir deflects Turkish criticism in case of asylum-seeking Turk servicemen: We do not host terrorists

Greek Foreign Minister Nikos Kotzias was in the western Turkey port city of Izmir on Tuesday for the inauguration of Greece’s newly renovated consulate building, using the occasion and the…

Aegean announces temporary suspension of Athens-Tehran air link

Greece-based Aegean Airlines on Tuesday announced that it was temporarily suspending its Athens-Tehran route as of Oct. 11, 2018, citing restrictions on banking transactions and currency exchange as the reason…

Ferry boat strike in Greece ends; union accepts coastal shipping operators’ 2% offer

By L. Karageorgos [email protected] A powerful seamen’s union in Greece on Tuesday announced a suspension of a same-day 24-hour strike, meaning that ferry boat routes throughout the country can gradually…