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Sunday, 02 September 2018

FyRoM FM optimistc ‘name issue’ agreement will be approved in a referendum

The foreign minister of the former Yugoslav Republic of Macedonia (fyrom) appeared optimistic over the weekend that a majority of voters in his country will ultimately approve a bilateral agreement…

Major traffic snarl for Athenians returning from weekend getaway

A line of vehicles extending some 5 kilometers was piled up on the southbound side of the Athens-Lamia highway on Sunday afternoon, during a mass return of excursionists to the…

Friday, 31 Αυγούστου 2018

European official: No discussion at upcoming Eurogroup over Greek pension cuts

The ever-present “agreements must be adhered to” phrase was again uttered by a Eurozone official on Friday, in response to a cascade of reports out of Athens this week that…

Tsipras gov’t staking remaining political ‘capital’ on bid to avoid pending pension cuts

By G. Kampourakis [email protected] A controversial Cabinet reshuffle this week by Greek Prime Minister Alexis Tsipras offered only a brief distraction for his poll-trailing leftist-rightist coalition, as it faces a…

Passenger traffic at Greek airports up to July 2018 exceeding 2017’s figures

Increased passenger traffic at Greece’s airports continued in July 2018, compared to the same month in 2017,  with 3.83 million arrivals recorded last month, up by 9.8 percent from the…

Mykonos reportedly boasts the most expensive 5-star accommodations amongst rivals

By A. Tsimplakis [email protected] Jet-setting Mykonos, in the Cyclades island chain, again confirmed its reputation as one of the priciest spots in the Mediterranean, with recent figures showing its five-star…

Quake, 5 on Richter scale, shakes central Greece

A moderate earthquake measuring  on the Richter scale was recorded just west of the central Greek city of Karditsa on Friday morning, and specifically at 10 a.m. (08.00 GMT). The…

Thursday, 30 Αυγούστου 2018

Cruiser loaded with 71 foreign nat’ls intercepted before departing, possibly for Italy

Α cruiser carrying no less than 71 foreign nationals was intercepted by the Greek coast guard in the early morning hours of Thursday in a sea region just off the…

Alpha Bank reports 12.3 mln€ in H1 2018 profits

Greek lender Alpha Bank on Thursday reported after-tax profits of 12.3 million euros in the first half of 2018, while saying it retained a sector-leading capital position with Common Equity…

Hellenic Petroleum group: Record-breaking profits in H1 2018

Hellenic Petroleum group (Hel.Pe), the biggest petrochemical concern in Greece and one of the largest in SE Europe, on Thursday reported EBITDA up by 25 percent in H1 2018, standing…

Twitter hoax via account using new Greek minister’s name to announce (fake) death of director Costa Gavra

The first day on the job of new culture minister Myrsini Zorba coincided with a major Twitter hoax, as an account bearing her name and likeness was used to announce…

Greek industrial PPI up 8.2% in July 2018 (yoy)

Greece’s independent statistics authority reported that the industrial producer price index (PPI) for July 2018 increased by 8.2 percent, compared to the same month in 2017. In a press release,…

Greek revenues authority again promises ‘safari’ to locate income from Airbnb-type leasings

Greek tax authorities are reportedly ready to commence an oft-repeated pledge to locate undeclared income from Airbnb-type short-term property leasings, months after a relevant law was ratified and amid reports…

Stepped up process to sell-off more NPL portfolios by Greek banks in coming period

Greece’s four systemic banks are expected to commence a more-or-less automated process to sell-off “bad loan” portfolios in the coming period, within the framework of a “calendar effect” agreed to…

Wednesday, 29 Αυγούστου 2018

Hackers take down Greek power utility’s webpage on Wed.

The website of the Public Power Corp. (PPC), the state-run and dominant power supplier in the country, was hacked and taken offline on Wednesday by a group that identified itself…

Tender for PPC’s lignite-fired power capacity on track

By K. Deligiannis  [email protected] An international tender to sell-off Public Power Corp.’s (PPC) lignite-fired units in the Peloponnese and northwest Greece, along with the mines that provide lignite deposits, continues…

Handelsblatt reax to Greek gov’t reshuffle

One of the first reactions by international media to a Cabinet reshuffle in Greece on Tuesday came from the German financial daily Handelsblatt, which referred to the poll-trailing Tsipras government’s…

10 regional port authorities around Greece next up in privatization process

By A. Tsimplakis [email protected] Greece’s privatization agency, HRADF, is reportedly ready to commence the third phase of a process to, at least, partially privatize 10 regional port authorities around Greece,…

Public health official: 16 deaths from West Nile fever in Greece in 2018

One hundred and thirty-three incidents of West Nile fever have now been reported in Greece so far this year, with 16 deaths linked with the viral infection that’s usually associated…

Fire in ferry boat garage causes vessel to return to Piraeus; no injuries reported

A garage fire aboard a large ferry boat headed to Crete from Piraeus erupted at roughly 4 a.m. (02.00 GMT) as it was sailing eight nautical miles off a Saronic…

NGO members on Lesvos suspected of facilitating illegal entry of 3rd country nationals, collusion with migrant smugglers

Police authorities on the island of Lesvos (Mytilene), which has borne the brunt of a migrant/refugee crisis in the eastern Aegean since 2015, have reportedly targeted 30 members of a…

Tuesday, 28 Αυγούστου 2018

“Old guard” conservative, one-time sec’t of socialist PASOK join Tsipras gov’t Cabinet

The “strange bedfellows” Tsipras government became even more “politically peculiar” on Tuesday with a mini Cabinet reshuffle that sees a former New Democracy minister and MP appointed as the deputy minister for…

Cosco subsidiary, manager of container piers at port of Piraeus, reports higher H1 2017 profits

By A. Tsimplakis [email protected] Roughly 22 percent of Cosco Ports revenues come from its Piraeus-based subsidiary PCT, which manages pier II and pier III at within the port of Piraeus,…

Passenger traffic at Greek airports up 10.1% in Jan-Jul 2018 period (yoy); figure at 34.38 mln

Passenger traffic at Greece’s commercial airports increased by 10.1 percent (yoy) in the first seven months of the year, benefitting primarily from overseas traffic.  According to data released on Monday…

Fourth furlough granted for ’17N’ assassin Koufodinas

Convicted “17N” arch-assassin Dimitris Koufodinas has been granted yet another 48-hour furlough, this time from a farm prison near the central coastal city of Volos, where he was recently transferred…

One pilot dead as T-2 training aircraft goes down near Sparta

The pilot of a T-2 Hellenic Air Force training aircraft was retrieved on Tuesday morning near the southern Greek city of Sparta, according to press reports. The two-seater aircraft was…

Monday, 27 Αυγούστου 2018

Report: 2 Turkish commandos who’ve requested asylum in Greece held in undisclosed, high-security location

Two former Turkish navy commandos accused of taking part in an assassination attempt against Turkish President Recep Tayyip Erdogan are being kept in a secret and high-security location in Greece,…

Dijsselbloem now optimistic over Greece’s prospects; says Varoufakis negotiations in 2015 catastrophic

Former Eurogroup president Jeroen Dijsselbloem, one of the protagonists in the 2015 Greek crisis that engulfed the Eurozone, on Monday expressed optimism over Greece’s future, speaking on an Athens television…

Troubled Folli Follie group announces hiring of consulting firm, new CRO

Folli Follie on Monday announced its cooperation with Synergon Partners, a consulting group specializing in financial and corporate restructuring, while at the same time noting that Dimitris Kouvatsos has been…

Interior minister to serve as new ruling SYRIZA party sec’t

The up-until-now interior minister, Panos Skourletis, has been appointed as the new secretary of ruling SYRIZA party’s central committee, a decision by Greek Prime Minister Alexis Tsipras that more-or-less serves…