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Sunday, 19 Αυγούστου 2018

BoG Gov.: Markets will shun Greece if reforms abandoned; 3rd bailout could have been avoided

Influential Greek central banker Yannis Stournaras, a standing “thorn in the side” of the current leftist-rightist coalition government, again cautioned against complacency and overly optimistic scenarios – a day before…

Light earthquake near Santorini on Sun. morning

A light earthquake measuring 4.1 on the Richter scale was reported at 08:45 (06.45 GMT) off the island of Santorini, with an epicenter 41 kilometers east of the popular holiday…

Friday, 17 Αυγούστου 2018

Business group leader: Greek economy still vulnerable to internal, external risks in post-memorandum period

Τhe president of Greece’s Hellenic Confederation of Commerce and Entrepreneurship (ESEE), Vassilis Korkidis, this week detailed his assessments of the country’s post-memorandum prospects and challenges, in separate interviews with Japan’s…

PPC subsidiary considers possible partnership, investment in Turkey

By K. Deligiannis [email protected] A subsidiary of the Public Power Corp. (PPC), Greece’s dominant electricity utility and the one-time state monopoly, is reportedly attracting attention by Turkish investors in the…

TUI, Fraport report encouraging figures for Greek tourism in 2018

The latest figures by German travel giant TUI and Fraport Greece point to positive tourism season in Greece for 2018 so far, with the former saying it has booked holidays…

Apostolopoulos group tables improved offer for rival Ygeia medical group

The Apostolopoulos group, which owns the Athens Medical Centre and other private facilities in SE Europe,  continued to press on with efforts to purchase the Ygeia group, offering shareholders of…

Airliner diverted to Hania, Crete after bomb threat

A Condor Airlines jet carrying passengers from Egypt to Germany was diverted to the Hania (Chania) airport on Crete on Friday morning after authorities received a bomb threat. …

Finance ministry satisfied with July 2018 fiscal results; month deemed as milestone in execution of budget

Greece’s finance ministry appears fully satisfied with the first difficult “test” in the execution of this year’s state budget, with revenues in July 2018 exceeding the prescribed monthly target. Overall,…

Thursday, 16 Αυγούστου 2018

Brief respite for embattled Tsipras govt provided by release of 2 servicemen held in Turkey

By G. Kampourakis [email protected] This week’s release of two Greek servicemen held in Turkey since early March 2018 offered a welcome respite for the foundering Tsipras coalition government, which was…

Coast guard probes 2 reports of shots fired at Greek fishing vessels by Turkish fishermen

The Greek coast guard is investigating a second report involving crew-members of a Turkish fishing vessel firing shots at Greek vessels, with the latest instance reportedly taking place west of…

Portuguese tourist, 25, dies after falling off rock formation across from Acropolis during attempted mugging

A 25-year-old Portuguese tourist died on Wednesday evening after falling off a 20-meter rock formation across from the Acropolis in central Athens during what police describe as an attempted mugging…

Wednesday, 15 Αυγούστου 2018

Two Greek servicemen back home after release from Turkish jail

Two Greek servicemen that were held in a Turkish jail for more than five months returned to the country on Wednesday, arriving in the northern port city of Thessaloniki aboard…

Tass: Greece to replace its ambassador in Russia

Greece’s ambassador to Russia will depart the country in the fall, possibly at the end of September, according to the semi-official Tass news agency, which cited a Greek diplomatic source.…

Turkish court releases two Greek servicemen; pair back home on Wed.

Two Greek servicemen held in Turkey since early March were freed without restrictions on Tuesday by a court in the western border city of Edirne, and are expected to return…

Tuesday, 14 Αυγούστου 2018

Anadolu: 2 Greek servicemen freed from Turkish prison

A Turkish court in the western border city of Edirne has reportedly freed two Greek servicemen held in the neighboring country since early March 2018, the semi-official Anadolu news agency…

Inditex (Zara) group sales in Greece at 480 mln€ in 2017

By S. Emmauil [email protected] Spanish retail giant Inditex’s sales in Greece increased by 4 percent in 2017, reaching 480 million euros, pooled by the seven brands active in the Greek…

Greek state posts 2.087 bln€ over Jan-Jun 2018 period

The Greek state budget posted a primary budget surplus of 2.087 billion euros over the first seven months of 2018, exceeding the target (929 million euros) by more than one…

Greek pharmaceutical exports comprise 6% of overall figure

By G. Sakkas [email protected] Greece’s pharmaceutical sector is second, in the industrial category, in terms of value of exports, with aluminum and aluminum byproducts manufacturers in first place, according to…

Ministry triples outlay for port improvements around Greece

By A. Tsimplakis [email protected] A relevant general secretariat for ports and port facility, entity falling under the jurisdiction of the shipping and insular policy ministry in Greece, reportedly tripled the…

Monday, 13 Αυγούστου 2018

Greece-Turkey bilateral trade at roughly 3.4 bln€ in 2017

Greece is keenly interested in Turkish economic developments, amid the brushing currency and economic crisis in the neighboring country, given that bilateral trade and cross-border ties have blossomed over recent…

“The receipt, please!” – Campaign by Greece’s revenues authority calls on tourists to demand receipt, pay with ‘plastic’

Greece’s independent public revenues authority has commenced yet another campaign, aimed at the millions of foreign tourists that visit the country, to remind them that they can pay for all…

Sunday, 12 Αυγούστου 2018

Major wildfire reported in central Evia island; evacuation order given this time

The third major wildfire of the ongoing summer season in Greece erupted on Sunday in central Evia, the large island that hugs mainland Greece’s central Aegean coastline, three weeks after…

E-platform for out-of-court settlement of arrears issues 213 favorable judgements; out of 3,003 complete applications

An electronic out-of-court settlement process for arrears to the public and private sector has received just more than 3,000 applications in its first year of operation in Greece, mainly by…

Merkel: Dublin agreement ‘inoperable’; comments in wake of migrant agreement with Spain

German Chancellor Angela Merkel referred to the Dublin treaty as “inoperable”, in her latest high-profile statement regarding the migrant crisis in Europe, three years after a massive influx of third…

Saturday, 11 Αυγούστου 2018

Fitch upgrades Greece

Fitch is the latest international credit agency to upgrade Greece’s credit ranking, raising it to “BB-” from the previous “B” , while retaining its outlook as “stable”. …

Friday, 10 Αυγούστου 2018

Greek PM praises news of jobless rate falling below 20%

Greek Prime Minister Alexis Tsipras received some welcome news on Friday with the latest unemployment figures in the country, which show the jobless rate at under 20 percent, for the…

Casino sector in Greece continues to struggle in H1 2018; only Mont Parnes, Hyatt Regency post improved results

By L. Kalamara [email protected] The casino sector in Greece continues to struggle, according to first half 2018 results, with both the number of visitors, revenues and profits also down for…

Minoan Lines to replace plastic straws with bio-degradable; use paper bags

Greece-based Minoan Lines, among the biggest ferry boat operators in the eastern Mediterranean, has announced that it will replace all plastic straws provided in the bars, self-service cafeterias and restaurants…

ECB officially announces end of waiver for Greece on Aug. 21, to coincide with end of third bailout

An ECB-issued waiver for Greece will end immediately after August 21, when the current – and last – memorandum adjustment program for the country expires, the euro zone’s central bank…

Athens angrily reacts to latest Russian provocation with uncharacteristically sharp language

The Greek foreign ministry took less than a day to sharply react to the latest “tongue-lashing” by Moscow, more-or-less confirming that Athens did in fact prevent the visit of several…