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Wednesday, 29 Αυγούστου 2018

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…

NGO members on Lesvos suspected of facilitating illegal entry of 3rd country nationals, collusion with migrant smugglers

Police authorities on the island of Lesvos (Mytilene), which has borne the brunt of a migrant/refugee crisis in the eastern Aegean since 2015, have reportedly targeted 30 members of a…

Tuesday, 28 Αυγούστου 2018

“Old guard” conservative, one-time sec’t of socialist PASOK join Tsipras gov’t Cabinet

The “strange bedfellows” Tsipras government became even more “politically peculiar” on Tuesday with a mini Cabinet reshuffle that sees a former New Democracy minister and MP appointed as the deputy minister for…

Cosco subsidiary, manager of container piers at port of Piraeus, reports higher H1 2017 profits

By A. Tsimplakis [email protected] Roughly 22 percent of Cosco Ports revenues come from its Piraeus-based subsidiary PCT, which manages pier II and pier III at within the port of Piraeus,…

Passenger traffic at Greek airports up 10.1% in Jan-Jul 2018 period (yoy); figure at 34.38 mln

Passenger traffic at Greece’s commercial airports increased by 10.1 percent (yoy) in the first seven months of the year, benefitting primarily from overseas traffic.  According to data released on Monday…

Fourth furlough granted for ’17N’ assassin Koufodinas

Convicted “17N” arch-assassin Dimitris Koufodinas has been granted yet another 48-hour furlough, this time from a farm prison near the central coastal city of Volos, where he was recently transferred…

One pilot dead as T-2 training aircraft goes down near Sparta

The pilot of a T-2 Hellenic Air Force training aircraft was retrieved on Tuesday morning near the southern Greek city of Sparta, according to press reports. The two-seater aircraft was…

Monday, 27 Αυγούστου 2018

Report: 2 Turkish commandos who’ve requested asylum in Greece held in undisclosed, high-security location

Two former Turkish navy commandos accused of taking part in an assassination attempt against Turkish President Recep Tayyip Erdogan are being kept in a secret and high-security location in Greece,…

Dijsselbloem now optimistic over Greece’s prospects; says Varoufakis negotiations in 2015 catastrophic

Former Eurogroup president Jeroen Dijsselbloem, one of the protagonists in the 2015 Greek crisis that engulfed the Eurozone, on Monday expressed optimism over Greece’s future, speaking on an Athens television…

Troubled Folli Follie group announces hiring of consulting firm, new CRO

Folli Follie on Monday announced its cooperation with Synergon Partners, a consulting group specializing in financial and corporate restructuring, while at the same time noting that Dimitris Kouvatsos has been…

Interior minister to serve as new ruling SYRIZA party sec’t

The up-until-now interior minister, Panos Skourletis, has been appointed as the new secretary of ruling SYRIZA party’s central committee, a decision by Greek Prime Minister Alexis Tsipras that more-or-less serves…

Mati wildfire death toll reaches 97

The death toll from a catastrophic wildfire that tore through the coastal Mati settlement in eastern Attica late last month has reached 97, after a 76-year-old man hospitalized in a…

Power, water supply restored on Hydra after more than 24-hour blackout; operator apologizes

Greece’s electricity distribution network operator, DEDDHE, on Monday said power supply to the popular Saronic Gulf island of Hydra was restored in the afternoon, after a nearly 36-hour outage that…

Head of industrial hemp, pharmaceutical cannabis company says N. Greece sector investment at 255 mln€ by 2019

The head of an industrial hemp and pharmaceutical cannabis manufacturer in northern Greece assessed recently that new investments in the sector will reach 255 million euros until 2019 for new…

New high-end hotel, resort near Kavala, in N. Greece

By G. Hatzilidis [email protected] A new high-end resort at the Loutra Eleftheron site in the northern port city of Kavala is being built by the Harakidis group. The Elefthere Seaside…

MIG shareholders overwhelmingly accept CVC offer for Hygeia health care group

By G. Sakkas [email protected] Shareholders representing 95.7 percent of MIG’s share capital overwhelming approved the sale of the Hygeia health care group in Athens to Hellenic Healthcare SARL, an investment…

Sunday, 26 Αυγούστου 2018

Spending trends by tourists from different regions revealed in BoG’s balance of travel services report for June 2018

By A. Tsimplakis [email protected] Major differences in per diem travel spending by holiday-makers in Greece continued to differentiate tourists from northern Europe, the US, Russia, other EU countries and neighboring…

German FinMin Scholz latest top EU official to caution against any backsliding of Greek reforms

The latest message by a top European official cautioning against any backsliding by the Greek government over agreed to reforms came on Saturday, this time issued by German Finance Minister…

Isle of Hydra without power, water supply on Sun.

The popular Saronic Gulf island of Hydra remained without electricity and water supply for much of Sunday, the last weekend in the high season tourism month of August. The interruption…

Saturday, 25 Αυγούστου 2018

Release of convicted executive in major embezzlement case, pay-for-hire murder attempt generates sharp reactions

Another high-profile release of an infamous inmate in Greece, this time on health reasons, generated a firestorm of reactions and criticism on Friday, as a 39-year-old man serving felony convictions…

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…