English

Tuesday, 04 September 2018

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…

Reports: Mexican billionaire’s mega-yacht ordered to remain in Cephalonia while probe into model’s death continues

Authorities on the Ionian island of Cephalonia are reportedly conducting an investigation into the death of a 20-year-old Australian woman, identified as a model and blogger, who passed away after…

Crucial week for troubled Folli Follie Group

By S. Emmauil [email protected] Reviews of troubled Folli Follie Group’s finances enter a final stretch this week, with all interested parties, including major shareholder Fosun International, expecting results and a…

Sunday, 02 September 2018

FyRoM FM optimistc ‘name issue’ agreement will be approved in a referendum

The foreign minister of the former Yugoslav Republic of Macedonia (fyrom) appeared optimistic over the weekend that a majority of voters in his country will ultimately approve a bilateral agreement…

Major traffic snarl for Athenians returning from weekend getaway

A line of vehicles extending some 5 kilometers was piled up on the southbound side of the Athens-Lamia highway on Sunday afternoon, during a mass return of excursionists to the…

Friday, 31 Αυγούστου 2018

European official: No discussion at upcoming Eurogroup over Greek pension cuts

The ever-present “agreements must be adhered to” phrase was again uttered by a Eurozone official on Friday, in response to a cascade of reports out of Athens this week that…

Tsipras gov’t staking remaining political ‘capital’ on bid to avoid pending pension cuts

By G. Kampourakis [email protected] A controversial Cabinet reshuffle this week by Greek Prime Minister Alexis Tsipras offered only a brief distraction for his poll-trailing leftist-rightist coalition, as it faces a…

Passenger traffic at Greek airports up to July 2018 exceeding 2017’s figures

Increased passenger traffic at Greece’s airports continued in July 2018, compared to the same month in 2017,  with 3.83 million arrivals recorded last month, up by 9.8 percent from the…

Mykonos reportedly boasts the most expensive 5-star accommodations amongst rivals

By A. Tsimplakis [email protected] Jet-setting Mykonos, in the Cyclades island chain, again confirmed its reputation as one of the priciest spots in the Mediterranean, with recent figures showing its five-star…

Quake, 5 on Richter scale, shakes central Greece

A moderate earthquake measuring  on the Richter scale was recorded just west of the central Greek city of Karditsa on Friday morning, and specifically at 10 a.m. (08.00 GMT). The…

Thursday, 30 Αυγούστου 2018

Cruiser loaded with 71 foreign nat’ls intercepted before departing, possibly for Italy

Α cruiser carrying no less than 71 foreign nationals was intercepted by the Greek coast guard in the early morning hours of Thursday in a sea region just off the…

Alpha Bank reports 12.3 mln€ in H1 2018 profits

Greek lender Alpha Bank on Thursday reported after-tax profits of 12.3 million euros in the first half of 2018, while saying it retained a sector-leading capital position with Common Equity…

Hellenic Petroleum group: Record-breaking profits in H1 2018

Hellenic Petroleum group (Hel.Pe), the biggest petrochemical concern in Greece and one of the largest in SE Europe, on Thursday reported EBITDA up by 25 percent in H1 2018, standing…

Twitter hoax via account using new Greek minister’s name to announce (fake) death of director Costa Gavra

The first day on the job of new culture minister Myrsini Zorba coincided with a major Twitter hoax, as an account bearing her name and likeness was used to announce…

Greek industrial PPI up 8.2% in July 2018 (yoy)

Greece’s independent statistics authority reported that the industrial producer price index (PPI) for July 2018 increased by 8.2 percent, compared to the same month in 2017. In a press release,…

Greek revenues authority again promises ‘safari’ to locate income from Airbnb-type leasings

Greek tax authorities are reportedly ready to commence an oft-repeated pledge to locate undeclared income from Airbnb-type short-term property leasings, months after a relevant law was ratified and amid reports…

Stepped up process to sell-off more NPL portfolios by Greek banks in coming period

Greece’s four systemic banks are expected to commence a more-or-less automated process to sell-off “bad loan” portfolios in the coming period, within the framework of a “calendar effect” agreed to…

Wednesday, 29 Αυγούστου 2018

Hackers take down Greek power utility’s webpage on Wed.

The website of the Public Power Corp. (PPC), the state-run and dominant power supplier in the country, was hacked and taken offline on Wednesday by a group that identified itself…

Tender for PPC’s lignite-fired power capacity on track

By K. Deligiannis  [email protected] An international tender to sell-off Public Power Corp.’s (PPC) lignite-fired units in the Peloponnese and northwest Greece, along with the mines that provide lignite deposits, continues…

Handelsblatt reax to Greek gov’t reshuffle

One of the first reactions by international media to a Cabinet reshuffle in Greece on Tuesday came from the German financial daily Handelsblatt, which referred to the poll-trailing Tsipras government’s…

10 regional port authorities around Greece next up in privatization process

By A. Tsimplakis [email protected] Greece’s privatization agency, HRADF, is reportedly ready to commence the third phase of a process to, at least, partially privatize 10 regional port authorities around Greece,…

Public health official: 16 deaths from West Nile fever in Greece in 2018

One hundred and thirty-three incidents of West Nile fever have now been reported in Greece so far this year, with 16 deaths linked with the viral infection that’s usually associated…

Fire in ferry boat garage causes vessel to return to Piraeus; no injuries reported

A garage fire aboard a large ferry boat headed to Crete from Piraeus erupted at roughly 4 a.m. (02.00 GMT) as it was sailing eight nautical miles off a Saronic…