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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…

Greek envoy called to Turkish foreign ministry; speculation rife over reason

Media reports out of Ankara on Tuesday morning maintain that Turkey’s foreign ministry has called on the Greek ambassador in the country for a meeting. Speculation over the intent of…

Mytilineos announces purchase of aluminium billet manufacturer EPALME

Mytilineos Holdings S.A. this week announced the purchase of EPALME, an independent aluminium billet manufacturer located north of Athens that uses pure aluminium ingots and recyclable aluminium scrap in its…

Piraeus municipality objects to shopping mall, tall buildings envisioned in port authority’s master plan

The mayor of Piraeus, the municipality that hosts the same-name port, the biggest and busiest in Greece, this week outlined his administration’s objections to a master plan submitted by the…

Monday, 22 October 2018

Gov’t announces abolition of two lignite-related levies; cites significant benefits for power producers, PPC

A relevant energy minister on Monday announced that the government was abolishing two separate levies imposed on lignite production and power generation, with Minister Giorgos Stathakis pointing to what he…

Kotzias: I don’t blackmail, won’t be blackmailed; comments on Prespa according, territorial waters

Former foreign minister Nikos Kotzias on Monday evening underlined that he “neither blackmails nor can be blackmailed,” speaking at an event in the Cretan city of Irakleio organized by the…

Port of Piraeus’ competitiveness boosted after revenues authority eliminates VAT on certain services, goods

The port of Piraeus’ competitiveness edge as a transport hub and cargo handler got a distinct boost this month with a decision by the independent public revenues authority allowing for…

First instance court orders temporary freeze on more Folli Follie assets

An Athens first instance court on Monday afternoon ordered a temporary freeze on the assets – up to the sum of 160,000 euros – of Folli Follie, a legal decision…

Latest finds from Kaspersky-funded excavations at Santorini’s Akrotiri settlement displayed

Continuing excavations at the eponymous Minoan Bronze Age settlement of Akrotiri, on the volcanic holiday island of Santorini (ancient Thira), have yielded 13 sarcophagi filled with artifacts from the Aegean…

Greek primary budget surplus for 2017 slightly reduced, calculated at 3.9% of GDP

The primary budget surplus for 2017 was revised from the figure released last April, standing at 3.9 percent of GDP, slightly down from the previously calculated 4.0 percent. Greece’s statistics…

BoG: 910-mln€ deficit in current accounts for Jan-Aug 2018 period

A deficit of 910 million euros in current accounts, increased by 857 million euros, was reported (yoy) on Monday by the Bank of Greece (BoG) for the first eight months…

Temporary protection from creditors order for FF Group lifted by Athens court

A first instance court in Athens on Monday lifted a temporary protection from creditors order for Folli Follie Group, a development expected to increase pressure on the beleaguered retailer and…

Sunday, 21 October 2018

Latest VLCC transaction for 2001-built tanker reaches 21 mln USD

A latest transaction involving a Very Large Crude Carrier (VLCC) witnessed the oldest such vessel in the Pantheon Tankers fleet, the Astro Chorus, selling for slightly more than 21 million…

Greek banks submit 3 proposals to revise expiring protection framework for primary residences

[email protected] Greek lenders have reportedly submitted a proposal, based on three axes, in talks with the country’s institutional creditors to formulate a new legal framework in Greece that protects primary…

Highest pensions in Greece recorded for 56-65 age group; average monthly primary benefit at 723.23€

By S. Papapetros [email protected] Pensioners in Greece between the ages of 56 and 65 receive, on average, the highest monthly benefits, and specifically 1,051 euros for the ages of 56…

Greek-owned bulker the first of its type to utilize wind energy system

The world’s first bulker to be installed with a Flettner rotor system – utilizing wind energy – is the 64,000-dwt ultramax MV Afros, managed by the Greek-controlled and Panama-based company…

Political parties criticized abrupt gov’t pledge to extend territorial waters – but only in the Ionian Sea

A cascade of negative political reactions greeted a surprise reference by outgoing foreign minister Nikos Kotzias, as well as his successor, Prime Minister Alexis Tsipras, of a pending expansion of…

Kammenos sharply condemns fYRoM Parliament vote, but staying firmly in coalition govt

Τhe head of the small right-wing party that continues to prop up the mostly leftist Tsipras government, Panos Kammenos, reiterated on Sunday that he’ll remain in the shaky coalition government…

Anarchist group targets Canadian embassy in Athens

The Canadian embassy in Athens was the latest diplomatic mission in the country vandalized by members of a notorious anarchist collective that has more-or-less operated with impunity over the past…

Saturday, 20 October 2018

Cordial handover at foreign ministry between Tsipras, Kotzias; Greek DM, coalition partner insinuates bribery in Skopje vote

A cordial handover ceremony took place at the Greek foreign ministry in Athens on Saturday morning, as resigned minister Nikos Kotzias greeted his successor, none other than Prime Minister Alexis…

Friday, 19 October 2018

Commission appears satisfied with particulars in draft 2019 Greek budget

Greece has avoided a letter by the EU Commission requesting clarifications over its draft 2019, whereas Italy, France, Spain, Slovenia, Portugal and Belgium received such an inquiry.The relevant requests were…

Capt. Tsakos to be honored at AMVER awards ceremony on Mon.

The annual AMVER awards ceremony will be held on Monday at a central Athens hotel, with well-known ship-owner Capt. Panagiotis Tsakos among the honourees. Tsakos will be honored for his efforts to…

Piraeus Bank, Thomas Cook subsidiary conclude 40-mln€ financing agreement to fuel latter’s expansion in Greece

Piraeus Bank this week announced a financing agreement worth 40 million euros with Thomas Cook Hotel Investments, a consortium comprised of Thomas Cook plc and LMEY Investments. The Greek lender…

Prosecutor orders probe into press leak describing distribution of foreign ministry discretionary funds

An Athens first instance prosecutor on Friday ordered a preliminary investigation into press leaks describing how “discretionary funds” are allocated by Greece’s foreign ministry. The order came after the publication…

US embassy: Releasing convicted N17 terrorist would be a ‘disservice’ to the memory of assassinated Americans

The US embassy in Athens on Friday negatively reacted to this week’s petition a notorious urban terrorist to be freed from a Greek prison due to serious health reasons, a…

Tsipras from Brussels: No to snap elex; vote of confidence, or request to creditors for partial pension cuts

Greek Prime Minister Alexis Tsipras again dismissed any possibility of declaring snap elections, speaking in Brussels on Friday, as his leftist-rightist government struggles this week to deal with the abrupt…

Tsipras declines to release ex-FM’s resignation letter; says no more leeway extended on nat’l issues

Greek Prime Minister Alexis Tsipras on Friday, speaking from the sidelines of an EU summit in Brussels, said he won’t publicize a lengthy resignation letter by his recently resigned foreign…