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Thursday, 06 September 2018

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…

Chamber representing SMEs in Greece bemoans over-taxation on businesses, households

Greece’s Hellenic Confederation of Commerce and Entrepreneurship (ESEE), which represents SMEs in the country and much of the retail sector, this week again unveiled proposals to reduce what it called…

Greek PM receives reps of residents from wildfire-devastated settlement

Greek Prime Minister Alexis Tsipras on Tuesday morning met with representatives of residents from the wildfire-devastated Mati settlement in coastal eastern Attica prefecture. He also toured the site of the…

Strike keeps ferry boats out of service in Greece for second day on Tues.

Ferry boats around Greece remained in port on Tuesday due to another 24-hour strike by the biggest seamen’s union in the country, coming a day after another similar industrial action.…

Greek govt makes 4 sector-wide collective bargaining agreements mandatory for entire sector

By S. Papapetros [email protected] Four sector-wide collective bargaining agreements, reportedly affecting roughly 75,000 wage-earners in the private sector, have now become law and must be implemented by relevant employers, after…

Monday, 03 September 2018

Dijsselbloem: EZ states made excessively high demands to Greece in return for bailout loans

Former Eurogroup president Jeroen Dijsselbloem continued on a somewhat self-critical streak this week, days after his high-profile appearances in Greece, telling a Dutch broadcaster that Eurozone member-states had excessively high…

Tender for Alexandroupolis port concessions next month

By V. Vegiri [email protected] A tender by Greece’s privatization fund (HRADF) for port activity concessions at the extreme northeast port of Alexandroupolis is expected next month. The specific port authority…

Latest ‘tug-of-war’ between creditors, Greek govt over labor reforms

By V. Kostoulas [email protected] The International Monetary Fund (IMF) is reportedly insisting on its position on no “back-peddling” over previously implemented reforms in Greece’s labor market, liberalization that the Fund…

Greek GDP growth slows in Q2 to 1.8% annual rate, down from 2.5% in Q1 2018

The Greek economy continued to grow in the second quarter of 2018, but at a slightly slower rate than the previous quarter. Nevertheless, the figures supplied by the independent statistics…

Seamen’s union rejects offer, another 24-h strike threatened

A seamen’s union has reportedly rejected an offer by coastal shipping operators for a 2-percent annual pay hike, with another 24-hour strike now apparently looming. Most ferry boat routes in…

Strike affects most ferry boat routes in Greece on Mon.

A 24-hour strike by Greece’s Panhellenic Seamen’s Federation (PNO), which represents most mid- to lower-ranking crew-members in the country’s coastal shipping sector, has interrupted ferry boat service throughout the country…