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Tuesday, 21 Αυγούστου 2018

Another top minister leaves open prospect of avoiding upcoming pension cuts after all

One top Greek government minister on Tuesday expressed a view that scheduled social security cuts – set for Jan. 1, 2019 – may not be implemented after all, saying that…

Greek-owned tanker reported as missing off West Africa

A Greek-owned Panama-registered tanker has been reported as missing for a week now in a sea region off the west African state of Gabon, military sources in the region reported…

Political opposition ridicules PM Tsipras’ Ithaca address on end of bailout era

The Greek prime minister’s televised proclamation from the Ionian isle of Ithaca on Tuesday morning, to prominently herald the end of the third (and last) bailout for the country, drew…

First report on deadly July wildfire blames omissions, mistakes by relevant state authorities

One of the first preliminary reports on last month’s deadly wildfire in eastern coastal Attica prefecture, which submitted on Tuesday to the head of the Athens first instance prosecutor’s office,…

Morgan Stanley guardedly optimistic on post-bailout era for Greece

Morgan Stanley sees recent debt relief measures and an improving Greek economy as helping the country achieve a “clean exit” from the third and last bailout – which officially ended…

Athens Int’l Airport profits up in 2017 yoy; concession contract extension cited as reason for no dividend

Net profits for the Eleftherios Venizelos Athens International Airport (ΑΙΑ) reached 140.05 million euros in 2017, up from 132.4 million euros in 2016. Nevertheless, despite the increased profitability, the operators…

‘End of Odyssey’ allegory by Greek PM to mark end of bailouts greeted with lukewarm reax by investors

A nationally televised address by the Greek prime minister on Tuesday morning, from the iconic Ionian isle of Ithaca, to commemorate the end of the third (and last) memorandum bailout…

Greek PM uses ‘Odyssey’ allegory, Ithaca as the backdrop to mark end of bailouts

Greek Prime Minister Alexis Tsipras “waxed poetic” on Tuesday morning with the Iconic Ionian isle of Ithaca as a backdrop to announce the end of the memorandum era for the…

Folli Follie in negotiations with creditors to stave off actions by latter

By S. Emmanuil [email protected] Embattled accessory manufacturer and retail Folli Follie has commenced negotiations with creditors in order to stave off collection and legal actions by the latter, as the…

Monday, 20 Αυγούστου 2018

Merkel on official end of Greek bailout: A good example of European solidarity

Angela Merkel was among the last, but the most prominent, European leader on Monday to comment on Greece’s official exit from the third (and last) memorandum bailout, with the powerful…

‘Clawback’ health cost-control scheme returns 297.5 mln€ to state coffers in 2017

By G. Sakkas [email protected] The total “clawback” figure returned by private health care providers in Greece for 2017 reached 297.5 million euros, posting a distinct  reduction compared to previous years,…

New Chinese envoy set to tour Piraeus port; Cosco eyes appeal of regional authority’s rejection of shipbuilding license

The new ambassador of the People’s Republic of China to Greece, Zhang Qiyue, was due to visit the port of the Piraeus on Monday for talks with Chinese multinational Cosco’s…

Greek shipping interests again first in H1 2018 in terms of ship purchases, sales

By A. Tsimplakis [email protected] Greek ship-owning interests were again in first place in terms of buying and selling second-hand vessels over the first half of 2018, continuing a trend lasting…

Hotel federation president: Overnight stays in Greece for 2018 at 2017 levels

By V. Vegiri [email protected] The number of overnight stays in Greece throughout 2018 will reach 2017 levels, the president of the country’s hoteliers federation, Grigoris Tasios, estimated over the weekend.…

Varoufakis: Greek debt cannot be paid off; country should have been ‘ready for drachma’

Former Greek finance minister Yanis Varoufakis struck again on Monday by saying there’s absolutely “no chance for Greece’s public debt to ever be repaid”, speaking on the same day as…

Moscovici: First auditors’ mission to Greece in post-bailout period in Sept.

EU Commissioner Pierre Moscovici on Monday referred to the second week of September 2018 for the first post-bailout supervision mission by European creditors’ auditors to Greece, part of what Brussels…

45 arrests in week at Crete airports for attempts to fly out of Greece with forged travel docs

Forty-five non-EU foreign nationals were arrested at three commercial airports on Crete between the Aug. 13 to 19 period on charges of attempting to fly to west and central European…

Centeno, Regling issue video messages to mark ends of bailouts for Greece

Eurogroup President Mario Centeno addressed a special statement on Monday, via a relevant video message, no less, to mark the end of the bailout era in Greece. The message by…

Official end of 3rd bailout may be greeted with ‘Tsipras manifesto’, reshuffle; elections on the horizon

By G. Kampourakis [email protected]  Greek Prime Minister Alexis Tsipras this week is again expected make a nationwide address – via the state broadcaster – to commemorate the end of the…

Sunday, 19 Αυγούστου 2018

Regling insists: Misteps in 2015 by Tsipras govt cost Greece up to 200bln€; now on right course

European Stability Mechanism (ESM) Managing Director Klaus Regling over the weekend insisted that the Tsipras coalition government’s decisions and actions in the first half of 2015 cost Greece up to…

BoG Gov.: Markets will shun Greece if reforms abandoned; 3rd bailout could have been avoided

Influential Greek central banker Yannis Stournaras, a standing “thorn in the side” of the current leftist-rightist coalition government, again cautioned against complacency and overly optimistic scenarios – a day before…

Light earthquake near Santorini on Sun. morning

A light earthquake measuring 4.1 on the Richter scale was reported at 08:45 (06.45 GMT) off the island of Santorini, with an epicenter 41 kilometers east of the popular holiday…

Friday, 17 Αυγούστου 2018

Business group leader: Greek economy still vulnerable to internal, external risks in post-memorandum period

Τhe president of Greece’s Hellenic Confederation of Commerce and Entrepreneurship (ESEE), Vassilis Korkidis, this week detailed his assessments of the country’s post-memorandum prospects and challenges, in separate interviews with Japan’s…

PPC subsidiary considers possible partnership, investment in Turkey

By K. Deligiannis [email protected] A subsidiary of the Public Power Corp. (PPC), Greece’s dominant electricity utility and the one-time state monopoly, is reportedly attracting attention by Turkish investors in the…

TUI, Fraport report encouraging figures for Greek tourism in 2018

The latest figures by German travel giant TUI and Fraport Greece point to positive tourism season in Greece for 2018 so far, with the former saying it has booked holidays…

Apostolopoulos group tables improved offer for rival Ygeia medical group

The Apostolopoulos group, which owns the Athens Medical Centre and other private facilities in SE Europe,  continued to press on with efforts to purchase the Ygeia group, offering shareholders of…

Airliner diverted to Hania, Crete after bomb threat

A Condor Airlines jet carrying passengers from Egypt to Germany was diverted to the Hania (Chania) airport on Crete on Friday morning after authorities received a bomb threat. …

Finance ministry satisfied with July 2018 fiscal results; month deemed as milestone in execution of budget

Greece’s finance ministry appears fully satisfied with the first difficult “test” in the execution of this year’s state budget, with revenues in July 2018 exceeding the prescribed monthly target. Overall,…

Thursday, 16 Αυγούστου 2018

Brief respite for embattled Tsipras govt provided by release of 2 servicemen held in Turkey

By G. Kampourakis [email protected] This week’s release of two Greek servicemen held in Turkey since early March 2018 offered a welcome respite for the foundering Tsipras coalition government, which was…

Coast guard probes 2 reports of shots fired at Greek fishing vessels by Turkish fishermen

The Greek coast guard is investigating a second report involving crew-members of a Turkish fishing vessel firing shots at Greek vessels, with the latest instance reportedly taking place west of…