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Monday, 30 July 2018

Points Guy Travel picks another eight Greek island destinations as must sees

Τhe Points Guy Travel (TPG) website posted a recent article featuring another eight Grecian island destinations it says are just as incredible as Santorini or Mykonos, but distinctly less well-known…

PM Tsipras tours wild-fire ravaged area a week after blaze

Greek Prime Minister Alexis Tsipras toured the wildfire-ravaged Mati settlement, in coastal eastern Attica prefecture, early on Monday morning, a week after a deadly blaze resulted in 91 fatalities, including…

Nikkei daily: Athens interested in Japanese-made amphibious aircraft

Greece is reportedly turning its sights on a Japanese-made plane to replace its aging and increasingly hard-pressed fleet of firefighting planes, according to a report this week in the Japanese…

Research institute: Wildfire damage in eastern Attica prefecture at 1,260 hectares

A research institute affiliated with the National Observatory of Athens over the weekend published an updated map pinpointing an assessment of the wildfire-related damage in eastern Attica prefecture, nearly a…

Authorities finally release number of missing persons from wildfire, 25; death toll at 91

The number of missing people from Monday’s deadly wildfire at the coastal Mati settlement in east Attica prefecture is 25, according to the fire brigade on Sunday, while the death…

Three out of 10 households in Greece to pay more income tax, beyond declared taxable income

Three out of 10 Greek households that submitted a tax return for incomes generated in 2017 – amid a looming deadline this week – will be called upon to pay…

Saturday, 28 July 2018

Canadian mining giant again hints at legal action over obstacles placed before Skouries site

By L. Kalamara [email protected] Canadian multinational Eldorado Gold, the parent company of Hellas Gold, is reportedly ready to again seek legal recourse in Greek courts in its effort to overcome…

Two municipal office-holders the only resignations so far from deadly wildfire; death toll at 88

Two deputy mayors from the Marathon township, the extended municipality in eastern Attica prefecture that includes the wildfire-ravaged Mati settlement, are the only two office-holders so far that have resigned…

Friday, 27 July 2018

Tsipras assumes political responsibility for deadly wildfire, but also blames ‘past distortions’ for catastrophe

Greek Prime Minister Alexis Tsipras offered a partial “mea culpa” on Friday, four days after a deadly wildfire swept through a pine-covered coastal resort east of Athens, saying “past distortions”…

Opposition demands resignations of ministers in wake of deadly wildfire

An unscheduled Cabinet meeting will convene on Friday, chaired by Greek Prime Minister Alexis Tsipras, to focus on relief measures and planning in the wake of Monday’s deadly wildfire in…

60-million-euro share capital increase for Grivalia Hospitality platform

The Grivalia Hospitality platform, part of the Grivalia Properties group, proceed with a 60-million-euro share capital increase this week, which was covered by current shareholders based on their ratio of…

Official death toll from Mati wildfire at 86

The official death toll from Monday’s catastrophic wildfire in eastern Attica prefecture reached 86 bodies, as of Friday. Another 53 people remain hospitalized, of which 11 are in serious condition.…

Thursday, 26 July 2018

Govt hastily withdraws amendment lifting salary cap for top execs at state-run enterprises, utilities

A midsummer night’s draft amendment that would have excluded the presidents, CEOs and managing directors of various state-owned entities – and their subsidiaries – from a monthly salary ceiling of…

Gree minister hints at arson as behind deadly wildfire; says resignation not accepted

“Serious indications of criminal acts and arson” were cited by the relevant public order minister on Thursday evening, as a hastily organized press briefing was held – and carried live…

Draghi: Greek bonds ineligible for ECB’s QE program without waiver, which ends with bailout

Greece’s participation in the ECB’s Quantitative Easing (QE) program is not possible without the waiver, Eurozone central banker Mario Draghi said on Thursday, speaking at a press conference on the…

Moody’s: Greece’s credit profile supported by recent debt relief, euro area support

Moody’s referrs to a need for greater investments in order to maintain economic growth in Greece over the medium term, while also adding that the country’s debt is “manageable” over…

Heavy rains in greater Athens area days after deadly wildfires

Torrential rainfall in parts of the greater Athens area on Thursday succeeded deadly wildfires, as storms swept through northern Attica prefecture in the early afternoon. Some 140 calls to the…

Govt coalition parties ‘boycott’ media outlet amid sharp criticism over wildfire destruction, deaths

The two parties comprising the current Tsipras coalition government, radical leftist SYRIZA and its small junior partner, the right-wing AN.EL party, on Thursday reacted to fiery press criticism in the…

Number of wildfire fatalities reaches 82; efforts to locate dozens of people continuing

The number of fatalities directly linked with the deadly wildfire on the central coast of eastern Attica prefecture on Monday reached 82 as of Thursday morning, with efforts continuing to…

Statistics authority: Greek households increasingly funding consumption with savings

Greek households continue to dig deep into their savings in order to finance their consumption, with figures from the first quarter of the year showing a marginal increase in consumer…

Light quake near Samos

A light earthquake measuring 4.3 on the Richter scale was recorded at 10.17 a.m. (08.17 GMT) near the eastern Aegean island of Samos, with its depth measured at 10 kilometers.…

Wednesday, 25 July 2018

FAZ: German finance ministry calculates recent Greek debt relief measures at 34 bln€

Germanys finance ministry reportedly calculates the most recently extended Greek debt relief measures as totaling 34 billion euros, according to a report on Wednesday by the financial daily FAZ. The…

MoU signed by Piraeus Port Authority, Qingdao Port Group

A MoU was signed this week in Athens by representatives of Cosco-managed Piraeus Port Authority (PPA), which operates the largest and busiest port in Greece, and Qingdao Port Group, the…

Grivalia Properties completes acquisition of Piraeus-area developer PPP1

By T. Igoumenidi [email protected] Grivalia Properties this week acquired the remaining 50 percent of Piraeus Port Plaza 1’s (PPP1) shares, a real estate developer and the owner of one square…

Greek govt announces financial aid for wildfire-ravaged areas

The Greek government on Wednesday afternoon announced urgent relief measures for the survivors of Monday’s deadly wildfire in eastern Attica prefecture. A spokesman said residents whose property was damaged by…

Majority of Ellaktor shareholders opt for Kallitsantsis brothers’ proposal

By T. Igoumenidis [email protected] A majority of present shareholders – corresponding to 52.9 percent of total shares – on Wednesday approved an offer by the Kallitsantsis brothers for board of…

Attica Bank ‘bad debt’ portfolio to Pimco

Greece’s non-systemic Attica Bank on Wednesday announced that it will award a second “bad debt” portfolio to Pimco. Last year, Attica Bank approved the transfer of NPLs worth 1.3 billion…

H1 2018 balance of travel services in Greece significantly up

Travel and tourism revenue in Greece significant increased over the Jan-May 2018 period, compared to the same period in 2017, the country’s central bank (BoG) announced on Tuesday, citing higher…

Google tools to aid wildfire relief efforts

Google on Tuesday announced that its crises group activated three online tools that can be used to aid wildfire relief efforts in Greece, and specifically, its SOS Alert service, its…

Frantic efforts continue to locate dozens of people missing after deadly wildfire; death toll at 81

The exact number of missing persons in the wake of a deadly wildfire in eastern Attica prefecture – east of the greater Athens area – remains unknown as of Wednesday…