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Friday, 14 September 2018

Creditors open to discussion on pension cut measure, in theory, at least

By Vassilis Kostoulas [email protected] Despite the fact that Greece’s institutional creditors continue to emphasize, at every turn, that Athens must implement agreed-to reforms and not curtain previous ones after the end…

Oceangold says shipbuilding schedule with Korea’s STX Offshore & Shipbuliding will continue

By L. Karageorgos [email protected] Oceangold shipping, controlled by Yannis Dragnis, this week announced that its ship-building program was continuing as planned, with six new product tankers being built in Korea’s…

Thursday, 13 September 2018

Piraeus Port Authority signs third MoU with Chinese port; Guangzhou the latest

Cosco-managed Piraeus Port Authority signed its third MoU with a major Chinese port this week, with Guangzhou Port officials on hand at Greece’s biggest and busiest port. The MoU was…

Greek Parliament president confident Prespa agreement will be ratified; points to Feb., March 2019

Greece’s parliament president on Thursday said a crucial bilateral agreement with the former Yugoslav Republic of Macedonia (fYRoM) to finally resolve the “name issue” will come before the Greek legislature…

USS Mout Whitney an imposing sight off Thessaloniki

By G. Hatzilidis [email protected] The latest sightseeing highlight in the northern port city of Thessaloniki lies off the metropolis’ shores, with the anchored USS Mount Whitney dominating the horizon with…

Seven injured, one more seriously, during rock slide at iconic Navagio cove

The number of injured from Thursday’s rock slide at the well-known Navagio cove on the Ionian island of Zakynthos has reached seven, including a 34-year Czech woman who has sustained…

Zaev to Europarliament: Faith in Europe led to us to historic agreement with Greece

The prime minister of the former Yugoslav Republic of Macedonia (fYRoM), Zoran Zaev, told MEPs at the European Parliament on Thursday that his country’s “faith in Europe is one of…

Rock slide at iconic Navagio cove on Zakynthos

A rock slide at the iconic Navagio site on the Ionian island of Zakynthos has resulted in light injuries for three people, although concerns were later expressed over missing persons,…

Ex-Parliament Budget office director warns against overturning measures agreed-to with creditors

The former head of Parliament’s independent Budget Office, Panagiotis Liargovas, on Thursday emphasized that although the third – and hoped-for last – Greek bailout officially concluded last, creditors’ supervision of…

Greek umemployment rate falls to 19% in Q2 2018

The official unemployment rate in Greece continued to ease in 2018, with the latest figures for the second quarter of the year showing it dropping to 19 percent, down from…

11 suitors for EPC portion of IGB connector pipeline project

By K. Deligiannis [email protected] Eleven construction or energy-related companies and consortia have expressed an interest in a connector natural gas pipeline between Greece and Bulgaria (IGB), with a relevant international…

Passenger traffic at Greek airports between Jan-Aug 2018 exceeding 2017’s figures by 9.9%

Passenger traffic at airports around Greece continued to grow in 2018, with the latest figures for the Jan-Aug period showing nearly 45 million people arriving or leaving by airplane. The…

Creditors continue to press for reduction in NPEs, NPLs weighing down Greek banks

By E. Sakellari [email protected] The Olympus-sized “mountain” of “bad debt” burdening Greek banks’ ledgers dominated talks on Wednesday in Athens between institutional creditors’ top auditors and credit institutions’ representatives, as…

Wednesday, 12 September 2018

Third LNG tank at Revithousa facility ready next month, DES.FA sources

By K. Deligiannis [email protected] Construction of a third LNG tank on the islet of Revithousa, just off an industrial district on the mainland west of the port of Piraeus, is…

Juncker again asked about Greek pension cuts; repeats that agreed-to measures must be implemented

EU Commission President Jean-Claude Juncker on Wednesday again dampened the Tsipras government’s hopes of avoiding agreed-to social security spending cuts in 2019, speaking almost simultaneously with reports out of Athens…

Govt source: Athens tables arguments to creditors to avoid new round of social security spending cuts

The Greek government, as expected, on Wednesday broached the issue of suspending a planned reduction in social security spending – set for of Jan. 1, 2019 – in the first…

Public Debt Management Agency: Uniform yield remains stable at 1.09% for 12-month Greek bonds

The Greek state raised 812.5 million euros from an auction of 52-week T-Bills on Wednesday, with total bids reaching 898 million euros, oversubscribing the offer by 1.44 times. The uniform…

Greek tourism sector turnover increases in Q2 2018

Turnover in Greece’s all-important tourism sector – particularly in terms of hospitality and food-and-beverage – continued to increase in the second quarter of 2018, up by 11.5 percent , compared…

Athens court maintains temporary protection against creditors for FF Group

An Athens first instance court on Wednesday accepted a motion by the Folli Follie Group to maintain an injunction that provides the multinational retailer and jewelry accessory maker protection from…

Tsipras quip casts doubt over ongoing tender process to sell-off bankrupt Henry Dunant hospital

A quip by Greek Prime Minister Alexis Tsipras over the weekend has reportedly thrown a “monkey wrench” into an ongoing tender process to sell-off the bankrupt Henry Dunant (Errikos Dinan)…

Tuesday, 11 September 2018

Tsipras: Pension cuts unnecessary if fiscal targets being met

Greek Prime Minister Alexis Tsipras repeated on Tuesday, this time from Strasbourg, that his poll-trailing government will avoid implementing social security spending cuts on Jan. 1, 2018, as long as…

Mati wildfire death toll reaches 99

The number of victims from a July 23 wilfire that destroyed the Mati settlement in eastern coastal Attica reached 99 on Tuesday, with a badly burned 26-year-old passing away at…

Tsipras’ address at Europarliament followed by acrimonious exchange over nepotism references

Greece’s often venomous political landscape spilled over into a European Union setting on Tuesday during Greek Prime Minister Alexis Tsipras’ address before a Euro-parliament plenary session in Strasbourg, when the…

Greek PM calls for ‘progressive front’ in next year’s Euro-poll; EPP cadre: Tsipras, his gov’t must avoid populism, radicalism

Greek Prime Minister Alexis Tsipras on Tuesday rang “warning bells” against what he called encroaching populism in the European Union, addressing a European Parliament plenary session in Strasbourg, where the…

Top EBRD official: Significant rise in investments after solution of fYRoM ‘name issue’

A top European Bank for Reconstruction and Development (EBRD) official was quoted by Reuters this week as saying that investments funneled towards Greece and its neighboring former Yugoslav Republic of…

US envoy Pyatt to “N”: Would-be investors in Greece want to see ‘predictability’

By V. Kostoulas [email protected] US ambassador to Greece Geoffrey Pyatt, days after attending the inauguration of the 83rd Thessaloniki International Fair (TIF) over the weekend, where the United States is…

Four int’l gaming groups request info on Helleniko license ahead of tender

By L. Kalamara [email protected] Four international gaming groups have reportedly expressed an initial interest in vying for a casino license at the Helleniko site, where the biggest real estate development…

Monday, 10 September 2018

US Sec’t of Commerce Ross: Next step for Greece is propel economy into true growth orbit

US Secretary of Commerce Wilbur Ross, who represented Washington over the weekend at the opening of a major trade fair in the northern city of Thessaloniki, said the most important…

Hotel federation president estimates 60K properties in Greece listed on Airbnb-like platforms

More than 60,000 residential properties in Greece are listed on short-term lease platforms, i.e. Airbnb, the president of Greece’s hoteliers’ federation assessed this week. In comments to the state-run news…

Realtors’ association points to signs of recovery in Greek property market

Greece’s recession-battered real estate sector is showing faint signs of recovery, according a nationwide study by an association representing realtors and certified property assessors in the country. The study, presented…