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Saturday, 25 Αυγούστου 2018

Mitsotakis promises to abolish social security bill burdening self-employed professionals

Main opposition New Democracy (ND) leader Kyriakos Mitsotakis launched into his own late summer mini political “offensive” over the weekend, promising to abolish portions of controversial pension and labor reforms…

Friday, 24 Αυγούστου 2018

NBG to proceed with reverse split

National Bank of Greece (NBG), one of the four systemic banks in the country, will proceed with a reverse split, its top management announced on Friday. In a detailed press…

Appellate council of justices to decide if Olympiacos owner to face match-fixing trial

An appellate level prosecutor on Friday recommended that shipowner Vangelis Marinakis, the owner of the popular Olympiacos Piraeus football team, face felony charges of match-fixing and a misdemeanor charge of…

Light quake recorded NE of Limnos

A light earthquake measuring 3.9 on the Richter scale was reported at 21.43 local (19.43 GMT) in a sea region northeast of the northern Aegean island of Limnos. The quake’s…

Greece-based large diameter pipe manufacturer optimistic that it will avoid brunt of US duties

Cenergy Holdings this week expressed optimism that its subsidiary, Greece-based Corinth Pipeworks, will not be substantially affected by US sanctions on a variety of EU products, following a relevant probe…

Missing Greek-owned tanker turns up off Congo; details still sketchy

A Greek-owned tanker turned up on Friday after disappearing for week off west Africa, with the “Pantelena” finally located while sailing west of Congo. According to reports out of the…

132 archaeological sites, museums around Greece open on Sunday evening to commemorate August’s full moon

A total of 132 archaeological sites and museums around Greece will remain open on Sunday evening and heading into midnight to allow visitors a view of the last full moon…

Primary budget surplus of 2.046 bln € in Jan-Jul 2018 period

The state budget recorded a primary budget surplus of 2.046 billion euros over the Jan-Jul 2018, up from a target of 929 million euros, and down from a 3.024-billion-euro surplus…

Tsipras promises higher monthly wage scale, return of collective bargain agreements

Greek Prime Minister Alexis Tsipras continued his late summer “political offensive” from another island on Friday, this time from the central Cyclades isle of Syros, speaking on the occasion of…

Israeli choreographer Portal’s ‘The Rite of Spring’ performance at Crete festival next week

Israeli choreographer Orly Portal will present her work “The Rite of Spring”, set to the music of Farid El-Atrache, for the first time in Greece on Wednesday (Aug. 29), during…

Late Minoan-era tomb discovered intact; 2 skeletons, artifacts inside

An unopened chamber-like Late Bronze Age tomb was excavated recently in the Ierapetra region of eastern Crete, after it was unexpectedly discovered in an olive grove. The tomb, some 800…

Trio of foreign nationals arrested for mugging-related death across from Acropolis

Three men, two Pakistani nationals and an Iraqi, are being held for the armed robbery of a couple 10 days ago at a popular sightseeing spot directly across from the…

Top ministers continue to rally around idea of avoiding creditor-mandated social security cuts

Top ministers of the poll-trailing Tsipras coalition government this week continued to rally around the prospect of avoiding another round of painful pension sector cuts come Jan. 1, 2018, even…

Thursday, 23 Αυγούστου 2018

Gaslog order for two LNG carriers with Korean shipyard

Gaslog has announced a contract to build another two LNG carriers, with a capacity of 174,000 cubic meters each, at Korea’s Samsung Heavy Industries shipyard. The shipping company, controlled by…

Titan announced increase in ownership stake of cement maker in Turkey

Greece-based cement maker Titan on Thursday announced that it has reached an agreement to increase its participation in a joint venture it already fields in neighboring Turkey. The ASE-listed company…

State Dept. ‘kudos’ over ‘Prespes agreement’ between Athens, Skopje

A State Department spokeswoman this week praised what she called a “historic” agreement signed by Athens and Skopje to finally resolve the long-standing “fYRoM name issue”, speaking after a meeting…

Boy, 12, injured by departing plane’s jet blasts at Skiathos airport

A 12-year-old boy was seriously injured on Thursday just outside the perimeter of the airport on the island of Skiathos after exhaust emissions from a departing Airbus 320 sent tossed…

Pending tender for two Greek marinas heads into final stretch; new hotels allowed

By A. Tsipmplakis [email protected] A couple of necessary presidential decrees were issued this week to continue the privatization process for two well-known marinas in Greece, with previous reports that future…

Wednesday, 22 Αυγούστου 2018

Loss of Athens Stock Exchange’s capitalization since 2010 at 28.5%

By G. Sakkas & J. Kanoupakis Lost capitalization on the Athens Stock Exchange (ASE), since the beginning of the economic crisis in Greece, some eight years ago, has reached 28.5…

AKP representative lashes out at Greek judiciary for maintaining asylum of Turk officer

A representative of Turkey’s ruling party (AKP) on Wednesday angrily lashed out at Greece’s independent judiciary after justices on the Council of State (CoS) rejected a Greek government appeal against…

Sub-station malfunction responsible for power outages in greater Athens on Wed.

A malfunction at an extra-high voltage sub-station switcher east of Athens proper caused widespread power outages in the Greek capital on Wednesday, with the transmission grid operator promising that all affected…

Power out in several parts of greater Athens

Power outtages were reported in several parts of the greater Athens area early Wednesday afternoon, while line 2 of the Athens metro was also out of service. No official statements…

American Airlines to offer daily Chicago-Athens route over 2019 summer season

American Airlines (AA) this week announced an expansion to its European network for next summer with nine new routes, one of which will include a daily summer seasonal service connecting…

Turkish-flagged tourist cruiser sinks off Leipsoi isle

A Turkish-flagged cruiser sank on Tuesday afternoon off the small northern Docadense isle of Leipsoi, with all passengers aboard unharmed.  The vessel, identified as the “Sunflower”, was sailing south of…

Light quake in sea region NE of Patras

A light earthquake measureing 3.7 on the Richter scale was reported at 13.00 (11.00 GMT) just northeast of the western port city of Patras. The quake’s epicenter was in a…

Twitter hashtag generates latest gov’t irritation with media group Skai

A feud between the leftist-rightist coalition government and the Athens-based Skai broadcaster continued unabated this week, with the former issuing a new statement taking to task the media group, which…

Post-bailout reality for Greek govt now focuses on continued commitments to creditors, partners

By T. Tsiros  [email protected] Commitments undertaken by the Greek state, part of an agreement signed by the Tsipras government with creditors in the wake of the June 21 Eurogroup meeting,…

Bomb blast in Piraeus

A bomb planted in a bag exploded on Wednesday morning in the port city of Piraeus, in the greater Athens area, near a local court complex. Damages were reported to…

Tuesday, 21 Αυγούστου 2018

Greek current accounts deficit of €3.8 billion in H1 2018

The Bank of Greece this week released balance of payments figures for up until June 2018, which showed a signficant increase in the current account deficit for H1 2018, to…

30% hike in tax free shopping over Jan-Jul period despite slide in average daily travel spending

By S. Emmanuil [email protected] The tax free shopping sector in Greece – purchases linked with a return of VAT for consumers visiting from non-EU countries – continued to post an…