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Friday, 03 Αυγούστου 2018

First high-level resignation in wake of devastating wildfire claims public order minister

The relevant minister holding the public order portfolio was the first top official to resign on Friday, more than a week after a deadly wildfire cost the life of at…

Grivalia Hospitality completes purchase of Amanzoe holiday property in Porto Heli

By T. Igoumenidi [email protected] The latest major investment by Grivalia Hospitality, a subsidiary of Athens-based Grivalia Properties, was announced this week, with the investment vehicle purchasing an upscale resort community…

Angry reactions by ND leader, former FM Bakoyannis to 17N assassin’s transfer to prison farm

The abrupt transfer of a notorious urban terrorist to prison “farm” in central Greece, from the main penitentiary in the greater Athens area on Friday, generated sharp reactions from the…

Govt promises illegal structure demolition in wake of deadly wilfire, absence of evacuation order

The increasingly embattled Tsipras government went into “damage control” mode this week, promising to demolish hundreds if not thousands of illegally built structures, with those located in forested areas, in…

Reports: Tsipras govt wants to avoid looming pension cuts; willing to forego countervailing measures, tax breaks

By T. Tsiros  [email protected] Negotiations between the Greek government and representatives of institutional creditors are again expected to be “taxing” come the autumn, in the wake of the official end…

Thursday, 02 Αυγούστου 2018

Draft bill enforces obligatory retirement age for appointed muftis to recognized Muslim minority

A ratified mid-summer rider attached to a more-or-less unrelated draft amendment has approved the obligatory retirement – at the age of 67 – of Muslim muftis assigned to the Muslim…

Cap control commission imposed 4 mln€ against nine Folli Follie executives, board members

Greece’s Capital Market Commission this week imposed fines worth more than four million euros on nine individuals representing embattled Athens-based jewelry and accessory manufacturer and retailer Folli Follie. The fines…

IMF: Greece still lags behind other EZ members in terms of competitiveness

Crisis-battered Greece continues to post a lower performance than other Eurozone partners in terms of competitiveness, the IMF warned on Thursday, adding that, as a result, it misses out on…

Light quake off extreme SW Greece

A light earthquake measuring 4.2 on the Richter scale was recorded at 09.56 a.m. (07.56 GMT) in a sea region off the extreme southwestern harbor town of Pylos, a particularly…

Official death toll from Mati wildfire lowered to 85; based on ID’d bodies

The number of “identified” victims from last week’s deadly wildfire in eastern Attica prefecture has officially reached 85, 81 of which were identified after DNA testing, whereas another four people…

Wednesday, 01 Αυγούστου 2018

Greek govt promises demolition of thousands of illegally built structures, in wake of deadly wildfire

The Greek government on Wednesday, still reeling from the fallout of more than 90 fatalities due to last week’s wildfire in eastern Attica prefecture, promised to demolish at least 3,150…

GBR Consulting: Central Athens experiencing a hotel/hospitality boon

A strong increase in demand for hotel rooms in the greater Athens area has led to several new units opening, as well as new projects coming on line in the…

EBRD participation in securitisation transaction for SMEs in Greece originated by AutoHellas

The EBRD on Wednesday announced its participation, as an investor, in a landmark securitization transaction in Greece, namely, in a portfolio containing SMEs loans. In a press release, the EBRD…

Tuesday, 31 July 2018

Fraport AG CEO: Greek subsidiary’s performance better than expected; 14 regional airports managed

Fraport AG CEO Stefan Schulte this week referred to a better-than-expected performance by company’s Greek subsidiary so far, in an interview with the economic daily WirtschaftsWoche. Fraport Greece, a majority…

Minister of State: Attacks against Tsipras not fair

A minister of state on Tuesday clarified that the assumption of “political responsibility”, uttered by Greek Prime Minister Alexis Tsipras last week in the wake of a deadly wildfire that…

Urgent Univ. of Athens study: Speed of blaze, no warning among 15 conclusions from deadly east Attica wildfire

The University of Athens’ geology and geo-environment department on Tuesday released an urgent report on last week’s deadly wildfire in eastern Attica prefecture, east of the greater Athens area, pointing…

Local mayor claims forged documents given to magistrate over wildfire response; death toll at 92

The political fallout from last week’s deadly wildfire in eastern Attica prefecture continued unabated this week, with a local mayor on Tuesday claiming that forged documents have been presented to…

IMF: Greek debt relief measures favorable for mid-term; long term sustainability still uncertain

The Eurozone’s recent debt relief measures for Greece improved the country’s debt sustainability in the medium term, although the latter remains uncertain in the long term, the IMF announced on…

Mitsotakis in the wake of deadly wildfire: No such thing as ‘political responsibility’ without resignations

Main opposition leader Kyriakos Mitsotakis on Tuesday stepped up his high-pitched criticism of the foundering Tsipras government, more than a week after a sudden wildfire, roughly an hour’s drive from…

Greek banks aim to transform 4 bln€ worth of shares into ‘investment grade’ level

By E. Sakellari [email protected] Greece’s systemic banks are feverish preparing to achieve an upgrade of their preferred shares into “investment grade”, to the tune of four billion euros. The development…

Monday, 30 July 2018

Historic buildings in central Thessaloniki attracting Israeli investors; boutique hotels on the rise

By Vasso Vegiri [email protected] The Thessaloniki area’s hotel sector continues to attract Israeli interest in real estate, whereas eastern Macedonia and Thrace, further to the east, has attracted attention by…

Navios Midstream announces higher revenues, profits in Q2 2018

Navios Midstream last week announced increased revenues and profits for Q2 2018, while the former also said it has received an buyout offer by Navios Maritime Acquisition Corp. (NVAOS) via…

Candlelight vigil for victims of wildfire held in Athens’ main Syntagma square

Hundreds of people gathered in Syntagma square on Monday evening to remember the 92 victims of the recent wildfire in eastern Attica prefecture, following a call mostly circulated over social…

Latest law obliges Greek banks to take due diligence measures for transactions exceeding 1,000 euros

By G. Palaitsakis [email protected] A recently passed law in Parliament obliges banks and other credit institutions in Greece to exercise “due diligence measures” for every non-regularly recurring money transfer, even…

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…