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Monday, 29 October 2018

Foreign ministry seeks explanations over shooting death of Greek citizen in southern Albania

The Greek foreign ministry on Sunday evening called on law enforcement authorities in neighboring Albania to fully investigate and clarify the circumstances surrounding the shooting death of a 35-year-old Greek…

Sunday, 28 October 2018

Ankara ramps up tension in eastern Aegean with latest Navtex

Official Turkey continued to ratchet up the tension in the eastern Aegean by issuing a navigational telex (NAVTEX) on Saturday essentially surrounding the Greek isle of Kastellorizo, in the extreme…

Highly symbolic presence of Italian President Mattarella at annual ‘Oxi Day’ military parade in Thessaloniki

A national holiday in Greece on Sunday commemorated the 78th anniversary of the country’s entry into WWII, known as “Oxi Day”, with Italian President Sergio Mattarella joining his Greek counterpart…

Double-digit % point lead for ND over SYRIZA; center-right party exceeds 31%

Main opposition New Democracy (ND) party is given an 11.2-percentage point lead over ruling SYRIZA in the latest opinion result, which was published over the weekend in the staunchly anti-government…

Greek TV pioneer Mega off the air; still broadcasts over subscriber platforms

One of the first and most influential private television broadcasters in Greece permanently went off the air at 2.11 a.m. (local time) on Sunday, with the nationwide digital platform in…

Notorious N17 terrorist released on six-day furlough

One of Greece’s most notorious urban terrorists on Sunday received another prison furlough, this time extending to six days. “17 November” arch-assassin Dimitris Koufodinas was released from a farm prison…

Friday, 26 October 2018

Mitsotakis again reiterates ND’s opposition to Prespa accord

Main opposition New Democracy (ND) president Kyriakos Mitsotakis on Friday again expressed his center-right party’s standing disagreement with the Prespa Agreement, the provisional accord signed by the Tsipras and Zaev…

Greek draft budget, request to avoid pending pension cuts discussed at EWG meeting on Thur.

Thursday’s EWG session witnessed in-depth discussions on the draft 2019 Greek budget and Athens’ pressing request to avoid a pre-legislated social security reduction measure, set for implementation in January 2019.…

Citi: Forecast for Greek 10-year bonds at 4.9% in early 2020

Citi forecasts a yield of for 10-year Greek bonds of 4.75 in the second quarter of 2019, rising to 4.8 percent by the third quarter and 4.85 by the end…

Strong quake, 6.4 on Richter scale, shakes Zakynthos; damages reported

A strong earthquake measuring 6.4 on the Richter scale was reported before 2 a.m. (local time) southwest of the Ionian island of Zakynthos, with damages reported to buildings on the…

Thursday, 25 October 2018

More than 15K register on mandatory tax bureau platform for AirBnB-type revenue

By T. Igoumenidi [email protected] The number of properties in Greece now commercially exploited via short-term AirBnB-type leasing has apparently doubled over the past year, available data shows, with the number…

Judicial council approves temporary freeze of assets for auditor, Folli Follie CFO at HK subsidiary

Folli Follie’s financial director at its Hong Kong subsidiary and the auditor who signed off on the multinational’s balance sheets in Athens are the latest company-affiliated officials to have their…

Greek foreign ministry: Turkey is a violator of international law

Athens on Thursday again pointed to international law and the UN charter in responding to the latest round of Turkish saber-rattling over Aegean sovereignty and maritime issues, with Turkey’s defense…

Optimistic scenario points to 23bln€ in new credit extended by Greek banks over 2018-19

By E. Sakellari [email protected] According to sources that spoke with “N” this week new lending by Greece’s four systemic banks over the 2018-19 is forecast to reach up to 23…

Reports: Skibbe out as Greek nat’l team coach

German coach Michael Skibbe’s tenure on the Greek national team’s bench has apparently come to an end, with a formal announcement expected this week by the country’s football federation (EPO).…

Privatization agency blames consultants’ wrong calculations for 740-mln€ ‘gap’ in extension contract for Athens airport

By F. Zois [email protected] Officials from Greece’s privatization agency this week blamed “erroneous estimates” by consultants involved in negotiations to extend the Athens International Airport (AIA) concession for a 740-million-euro…

2 Turkish nationals arrested over alleged ‘VIP’ migrant transport operation

Two Turkish nationals were arrested at the main port on the eastern Aegean island of Hios this week (Chios) on migrant smuggling charges, with local media claiming the pair were…

Wednesday, 24 October 2018

Study: Coastal and marine tourism in Greece accounts for 2.3 bln€ of annual GDP, up to 6 bln€ in indirect benefits

Coastal and marine tourism directly accounts for 2.3 billion euros in Greece’s annual GDP, whereas indirect effects are calculated at five to six billion euros, a study by the Greek…

Shipping minister promises ‘restructuring’ of decision imposing VAT on goods, services supplied to non-oceangoing vessels

By A. Tsimplakis [email protected] Shipping minister Fotis Kouvelis this week promised “restructure” a recent decision applying VAT on goods and services supplied to non-ocean-going vessels and craft, such as ferry…

Council of Audit: Greek general gov’t arrears to private sector exceed 6 bln€

The general government’s arrears to third parties – private citizens, suppliers and all types of businesses – actually exceed six billion euros, officials from Greece’s Court of Audit told members…

Budget execution: Income, property taxes fall short of targets for Jan-Sep period

The finance ministry on Wednesday announced shortfalls in terms of targets for collecting personal income tax and property taxes in Greece over the first nine-month period of 2018, with September…

IOBE forecast: Greek GDP up by 2% in 2018; 2.4% in 2019

The Athens-based Foundation for Economic & Industrial Research (IOBE) on Wednesday forecast a GDP growth rate in Greece next year of around 2 percent this year, rising to 2.4 percent…

ND demands release of resignation; Kotzias accuses Kammenos of using ‘Soros card’ against him

Main opposition New Democracy (ND) party’s foreign affairs sector head on Wednesday demanded that a nine-page resignation letter by now former foreign minister Nikos Kotzias be publicized. MP Giorgos Koumoutsakos,…

Greek tax bureau releases detailed guide to collect AirBnB-style revenues

Greece’s independent public revenues authority this week unveiled detailed instructions for property owners and managers to submit income statements from short-term leasings, i.e. AirBnB-style exploitation. The Greek state’s now independent…

Greek debt falls in Q2 2018 (qoq) to 323.3 bln€, up from same period in 2017

By N. Bellos [email protected] Eurostat on Tuesday reported that Greece’s public debt in the second quarter of 2018 reached 179.7 percent of GDP, or 323.3 billion euros, posting a marginal…

Former minister Papantoniou, wife jailed pending trial on kickbacks charges

One of the most influential ministers in successive PASOK governments up until 2004, Yiannos Papantoniou, was remanded in custody on Tuesday evening, following his marathon deposition before investigating magistrates and…

Tuesday, 23 October 2018

Mitsotakis: Current asylum law for Greek universities will be scrapped

Center-right main opposition leader Kyriakos Mitsotakis on Tuesday promised to scrap the current asylum status granted to university campuses in the country if he’s elected as the next premier, amid…

Turkish FM spox says Ankara won’t ‘tolerate’ Greece legally extending its territorial waters

Ankara on Tuesday again resorted to saber-rattling after Greece’s recently resigned foreign minister said Athens is considering extending certain territorial water boundaries to the internationally accepted 12-mile limit. “It is…

Jeroen Dijsselbloem to ‘N’: Take your time outside markets; reversal of reforms sends wrong message

By Vassilis Kostoulas [email protected] Greece’s exit to the markets is not a high priority, especially under the present circumstances, given that a “cash buffer” has been accumulated whereas the country’s…

Regling: No enough fiscal space to fully cover suspension of next round of Greek pension cuts

European Stability Mechanism (ESM) Managing Director Klaus Regling on Tuesday again dampened the poll-trailing Tsipras government’s hopes of eventually avoiding a pre-legislated social security reduction next January, saying that “fiscal…