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Thursday, 08 November 2018

Aegean Marine Petroleum files for Chapter 11 protection in NYC court

Aegean Marine Petroleum, one of the biggest independent marine fuel suppliers in the world, on Tuesday filed for chapter 11 bankruptcy protection in a New York City federal court. The…

Wednesday, 07 November 2018

Top utility in Greece to slap one-euro charge on printed power bill

Public Power Corp. (PPC), the dominant electricity utility in Greece, this week announced that it will tack on a one-euro fee on all printed invoices mailed to consumers, as of…

Govt: New tender for EL.VO military vehicle, bus manufacturer

By V. Vegiri [email protected] The government is reportedly ready to issue a new international tender for the sale of the military vehicle and bus manufacturer EL.VO, with Alternate Industry Minister…

Cap commission reportedly removes possible obstacle in Hel.Pe refinery group privatization

The Hellenic Capital Market Commission on Tuesday reportedly decided a prospective top bidder in the privatization of Hellenic Petroleum (Hel.Pe) – which entails the transfer of 50.1 percent of the…

Tsipras announces long-expected bill to return pay deductions to law enforcement, military cadres, state physicians

Greek Prime Minister Alexis Tsipras on Wednesday evening formally announced that his government will table a draft bill in Parliament returning some 820 million euros in retroactive deductions made to…

Russian ambassador in Athens reportedly cites interest in new natgas pipeline being extended to Greece

Greek Deputy Prime Minister Yannis Dragasakis on Wednesday received Russian ambassador to Greece Andrey Maslov at his office, with preparations for the Greek prime minister’s official visit to Moscow and…

PBO: Consolidated general govt primary balance improved by 1.089 bln€ in Jan-Sep 2018

Τhe Greek Parliament’s Budget Office on Wednesday estimated that the consolidated general government’s primary balance over the first nine-month period of the year improved by 1.089 billion euros compared with…

Govt promises 10K hirings -after 2020- in place of clergymen now on state payroll; opposition derisive

The government continued its celebratory tone a day after an abrupt Tuesday evening announcement, jointly made by the Greek prime minister and Church of Greece primate, of a provisional agreement…

Archbishop Ieronymos on revisions in church-state relations: Not an agreement yet, but an intent to agree

The influential prelate of the Church of Greece on Wednesday clarified that “an agreement is one thing, and an intent to agree is another”, less than a day after a…

Tourism minister cites record-breaking year in 2018: 33 mln arrivals, higher revenues by 2 bln€

Greece’s tourism minister on Wednesday referred to a new “historic record” for tourism arrivals to Greece recorded in 2018, saying the figure exceeded 33 million for the year and up…

Greek govt, Orthodox Church announce ‘historic decision’ on estate, clergy’s salary, constitutional revision

Greek Prime Minister Alexis Tsipras and the head of the influential Autocephalous Church of Greece, Archbishop Ieronymos, on Tuesday announced a more-or-less unexpected agreement, which both men called “historic”, to…

Tuesday, 06 November 2018

Greek tax bureau points to 14 ‘indications’ of money laundering, including ‘nervousness’ on the part of a client

By G. Kouros [email protected] Greece’s independent public revenues authority on Monday pointed to no less than 14 “indications”, as it said, pointing to money laundering, in a briefing of chambers…

High court: Monasteries in Greece must pay tax on properties; places of worship, charitable uses excluded

Orthodox monasteries in Greece are obliged to pay property taxes (ENFIA) for properties they own, excluding ones used as places of worship or for charitable purposes, a plenum of Council…

Athens named ‘European Capital of Innovation’ for 2018

Athens was named as the “European Capital of Innovation 2018” on Tuesday during a special ceremony in Lisbon, Portugal, with the Greek capital picking up a one-million-euro prize as well.…

Piraeus Bank seeks to sell-off shipping-related ‘bad debt’ portfolio by end of year

Greek lender Piraeus Bank is reportedly accelerating the process to sell-off another portfolio of “bad debt”, mostly loans extended to the shipping sector, by the end of the year. The…

Mitsotakis calls for ‘leaner’ constitution; non-profit, non-state universities in Greece

Main opposition New Democracy (ND) leader Kyriakos Mitsotakis on Tuesday unveiled his center-right party’s proposals for constitutional revision, a subject abruptly revisited by the leftist-rightist government last month, and with…

Commission’s econ forecasts deemed as crucial in deciding Athens’ request to suspend pension cuts

By N. Bellos and T. Tsiros     A European Commission report this week on the course of member-states’ economic performance is deemed as crucial in gauging the “fiscal space” that…

Greece one of 8 countries temporarily excluded from US ban on Iranian oil

Greece is one of eight countries that Washington will exempt from oil sanctions it slapped this week on Iran, with US Secretary of State Mike Pompeo said, in making the…

Monday, 05 November 2018

Attorney: Body of ethnic Greek man killed in shootout with police in southern Albania to be released on Tues.

An attorney representing the family of a 35-year-old ethnic Greek man killed in a shootout with Albanian police last week on Monday told an Athens television station that the victim’s…

First locally owned, managed hydroelectric plant inaugurated in NW Greece

Greece’s first locally owned and managed hydroelectric unit was inaugurated on Monday in the Velventos district in northwestern Kozani prefecture. The 1.9MW-unit is operated by a local Organization of Land…

High court prosecutor order preliminary probe into claims contained in a suit by former FM Kotzias’

A supreme court prosecutor has ordered a preliminary investigation stemming from a “fictitious defendants” lawsuit filed by former foreign minister Nikos Kotzias last week, over what the latter alleges is…

Bakoyannis announces candidacy for Athens municipality

The regional governor of central Greece (Sterea Ellada), Costas Bakoyannis, on Monday officially announced his candidacy for the city of Athens, a development that was more-or-less expected over the recent…

Creditors consider impact of acquiescing to Athens’ request to suspend looming pension cuts measure

By Vassilis Kostoulas [email protected] Greece’s creditors seem not particularly concerned over the prospect of the Tsipras government suspending a pre-legislated social security reduction that’s set for implementation on Jan. 1,…

Coalition-backing MPs on Parliament committee claim possible wrongdoing by political rivals, ex-health ministers

A majority of members on  a Parliamentary committee of inquiry, as expected, on Monday attributed “political responsibility” to previous health ministers’ handling of the case involving the bankrupt Henry Dunant…

Land registry chief: Some 170K properties of ‘unknown owner’ will revert to state ownership

The president of Greece’s land registry, officially called the National Cadastre & Mapping Agency S.A., this week said system now includes nearly 30 percent of property rights in the east…

Dep. social insurances minister: No issue of retroactive returns to all pensioners

A relevant deputy social insurances minister on Monday alluded to reasons of “public interest” in precluding the retroactive return of previously cut pension benefits to all affected beneficiaries in Greece.…

Five commercial air carriers based, operate in Greece; 485 aircraft on Greek registry

Twenty-one aviation companies, with a total of 485 aircraft, are based and operate in Greece, according to figures released by the country’s Civil Aviation Authority last week. Most of the…

Industrial users decry PPC intent to raise power rates, cut discounts

The Hellenic Union of Industrial Consumers of Energy (UNICEN), which represents Greece’s power-intensive companies on energy-related issues and regulatory matters, has sharply condemned a recent initiative by the state-run Public…

Sources: Out-of-court settlement process for businesses expected to be extended

Extension of an out-of-court settlement framework for arrears owed by businesses, by six months or even a year, is considered a highly likely prospect, according to well-informed sources that spoke…

Sunday, 04 November 2018

Mitsotakis confident ahead of next elex: Greece first EU country hit by populism, first to be rid of populists

Main opposition leader Kyriakos Mitsotakis on Sunday promised a major renewal of his center-right New Democracy (ND) party’s candidate lists for next year’s general election, which cannot be held later…