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Tuesday, 16 October 2018

Greek PM calls on Cabinet members not to ‘topple’ govt over Prespa Agreement

By Kampourakis [email protected] Tuesday’s Cabinet meeting witnessed an acrimonious quarrel between Foreign Minister Nikos Kotzias and Defense Minister Panos Kammenos, with the former charging that the latter is exercising foreign…

Danish shipowners’ union leadership in Greece

The leadership of the Union of Greek Shipowners (UGS) on Tuesday received in Piraeus a delegation from the Danish Shipping Union, as part of ongoing meetings between the two shipowners’…

Chinese side reportedly requests stepped up process to approve Port of Piraeus master plan

By A. Tsimplakis [email protected] China’s visiting Minister of Transport Li Xiaopeng has reportedly asked the Greek side to accelerate the process for approval of a master plan submitted by Chinese…

Energy exchange wants counter-incentive against low-price electricity exports over certain quantity

By K. Deligiannis [email protected] Greece’s Energy Exchange has reportedly proposed a new measure aimed to act as a counter-incentive in acquiring future energy quantities, via the NOME auction process, for…

Reports: At least 3 binding offers for Athens’ Henry Dunant hospital

Three binding offers have reportedly been submitted for the Henry Dunant hospital in Athens, once the flagship facility of the Hellenic Red Cross in the country before it was taken…

‘Good and bad’ pension cut scenario in Greek draft budget tabled with EU Commission

The Greek government, as expected, included both “scenarios” regarding pension cuts in a draft budget for 2019 sent to the EU Commission this week for its review and posted by…

Monday, 15 October 2018

Tass: Russian Orthodox Church breaking ties with Ecumenical Patriarchate over Ukraine Churche’s recognition

The influential Russian Orthodox Church on Monday evening announced that it was cutting ties with the Ecumenical Patriarchate, according to the TASS news agency, confirming the Moscow-based Church’s extreme displeasure…

Attack on central Athens precinct leaves 4 policemen slightly injured

Four police officers slightly injured in an attack on a central Athens precinct (Omonia district) on Monday evening by some 50 assailants throwing firebombs and other objects, with initial reports…

Greek DM: Tsipras knew of ‘alternative proposal’, he just didn’t agree with it

Greek Defense Minister Panos Kammenos on Monday insisted that his senior coalition partner, Prime Minister Alexis Tsipras, knew of his “alternative proposal” to bypass a provisional agreement to finally solve…

Greek draft budget includes forecast of 3.6% primary balance; 1.1 bln€ fiscal space for promised tax breaks, spending hikes

The closely watched Greek draft budget for 2019 was delivered to the EU Commission on Monday, with the highlights being a primary budget surplus of 3.6 percent of GDP and…

Binding offers received for Athens’ Henry Dunant hospital

Greek lender Piraeus Bank on Monday announced the conclusion of the binding offer phase for the sale of a subsidiary that owns and operates Athens’ Henry Dunant hospital, as a…

Greek investors’ group says lawsuits against Folli Follie pending

The Hellenic Investors’ Association on Monday said the first lawsuits for damages incurred by investors with shares in retailer and accessory maker Folli Follie are only days away from being…

State, regular budget revenues miss targets for Sept. 2018; still above mark for 9-month period

State and regular budget revenues moved lower than prescribed targets in September 2018, with net revenues in this case reaching 5.36 billion euros, lower by 346 million euros from the…

Temporary jobs spots in public sector for young, unemployed degree-holders

Greece’s Manpower Employment Agency (OAED) is expected to unveil a tender for the temporary hiring of 5,500 unemployed degree holders in the public sector in the coming period, with general…

Aegean fifth on Conde Nast list of world’s best airlines

Condé Nast Traveler noted that “although it doesn’t yet fly across the pond (Atlantic), its affiliation with Star Alliance gives it a wider global reach. Aegean is known for its…

Kassiopi privatization finally ready to begin after…7 years, 1,000 signatures by relevant authorities and 11 legal challenges

By L. Karageorgos [email protected] A long-delayed tourism-related investment valued at up to 120 million euros in northeast Corfu, a popular Ionian Sea island off northwest Greece, appears finally ready to…

Two Greek lenders ready another pair of NPL portfolios for sale to distress funds

Two blocks of non-performing loans (NPLs) are set for sale by a same-number of Greek lenders this period, with the “Mercury” package being sold off by Alpha Bank and “Zenith”…

Sunday, 14 October 2018

Minister to SYRIZA cadres, office-holders on next elex: ‘We’ll win if we put some people in jail’

One of the leftist-rightist coalition government’s most combative and controversial ministers, alternate health minister Pavlos Polakis, again raised eyebrows over the weekend at a ruling SYRIZA central committee meeting, saying…

Newsweek latest int’l media to report on deplorable situation at Moria hotspot

Newsweek is the latest international media outlet to report on the now infamous Moria ‘hotspot’ on the eastern Aegean island of Lesvos (Mytilene), the “preferred destination” for migrant smugglers operating…

Dijsselbloem: Greece has a point on issue of pension cuts

Former Eurogroup president and Dutch foreign minister Jeroen Dijsselbloem continued to toe a much more moderate line vis-a-vis the Greek program since leaving office and the Eurozone limelight, calling for…

53 mln passengers at Greek airports in Jan-Sep period mark new record

Airports around Greece posted a new passenger record over the Jan-Sep 2018 period, with the Civil Aviation Authority reporting more than 53 million passengers, up 10 percent compared to the…

BoG Gov Stournaras: Greece must faithfully implement reforms in order to continue recovery

Bank of Greece (BoG) Gov. Yannis Stournaras over the weekend referred to a need for a “faithful adherence” by the country to terms agreed to with creditors, saying this is…

Friday, 12 October 2018

New round of M&A expected in Greece’s coastal shipping sector

By L. Karageorgos [email protected] A new round of mergers and acquisitions in Greece’s significant coastal shipping sector is apparently on the horizon, following the recent acquisition of Hellenic Seaways by…

Remains of 573 Greek soldiers that fell during WWII battle interred in military cemetery in Albania

The remains of 573 Greek soldiers that fell during the Greek-Italian war in 1940-41 were interred on Friday during a solemn religious ceremony at a military cemetery near the small…

Arrears owed to state up by 849 mln€ in Aug.; higher number of households bypass first income tax installment

Arrears by taxpayers towards the Greek state increased by 849 million euros in August 2018, the last month for which figures are available, with the first feedback showing an increasing…

Juncker-Mitsotakis meeting in Brussels next week

EU Commission President Jean-Claude Juncker will meet with main opposition New Democracy (ND) president Kyriakos Mitsotakis next Wednesday in Brussels, press reports in Athens on Friday stated.…

Greek DM defends eyebrow-raising quips; says bases he proposed for US military already operational

Greek Defense Minister Panos Kammenos, the right-wing junior coalition party leader in the coalition government, on Friday denied that he spoke with Prime Minister Alexis Tsipras in the wake of…

IMF to Greek FinMin: Level of primary budget surpluses a matter between Athens, European creditors

Greek Finance Minister Euclid Tsakalotos presented Athens’ standing arguments in favor of suspending an already legislated round of pension cuts to the IMF’s leadership on Friday, with the Washington D.C.-based…

First P-2002JF trainer delivered to Hellenic Air Force

The first P-2002JF trainer for the Hellenic Air Force landed at the Tatoi base, north of Athens, this week, as delivery of the aircraft commenced by the Tecnam company. Greece…

Greek employers’ group bulletin: ‘Scandinavian’ level tax burdens for subpar state services, benefits

The Federation of Enterprises (SEV), one of the largest employers’ groups in Greece, this week referred to “Scandinavian” taxes being imposed in the country, which however, do not translate into…