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Thursday, 26 July 2018

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…

Tuesday, 24 July 2018

Regling cites BoG estimates: First six months of 2015 cost Greece 86 bln€

Greece will be able to repay the loans it has received although it is still important for the country to continue its reform efforts, ESM Managing Director Klaus Regling said…

2.5 bln€ owed to Greek state this month via 5 different taxes this month; submission deadlines may be extended

By G. Palaitsakis [email protected] More than 2.4 million households in Greece and more than 200,000 legal entities (mostly SMEs) are due – according to finance ministry calculations – to pay…

Olympiacos FC announces one-million-euro donation to victims of wildfires

The management of the Olympiacos football club on Tuesday announced that it was donating one million euros to the victims of this week’s wildfires around the greater Athens area, while…

Int’l leaders express condolences over wildfire deaths in telephone calls with Greek PM

Greek Prime Minister Alexis Tsipras fielded calls from several international and Europoean leaders on Tuesday, in the wake of a deadly wildfire in eastern Attica, which has claimed nearly 80…

Wildfire death toll at 74

Τhe death toll from Monday’s devastating wildfire in eastern Attica prefecture (east of Athens proper) has reached 74, with 83 people hospitalized, of whom 12 are children. Dozens of people…

Reports: 2 Polish nationals, mother and son, among victims in wildfire-related fatalities

Two Polish nationals, a mother and her 10-year-old son, are among the victims of Monday’s wildfire in eastern Attica prefecture, east of Athens proper, the Polish foreign ministry confirmed on…

Greek PM declares 3-day period of mourning for wildfire victims

Greek Prime Minister Alexis Tsipras declared a three-day period of mourning for the victims of a deadly wildfire that swept through a coastal stretch of eastern Attica prefecture over the…

Wildfire victims, including children, exceed 50; judicial probe ordered

Another two bodies, a mother and her daughter, were reportedly discovered on Tuesday in the areas devastated by wildfires in eastern Attica prefecture the previous afternoon and overnight, raising the…

Juncker statement regarding wildfires in Greece

EU Commission President Jean-Claude Juncker on Tuesday morning expressed Brussels’ solidarity with Greece in the wake of a string of devastating wildfires that erupted around the greater Athens area a…

Port of Rafina operating as normal; roads to harbor open

The port authority of Rafina, on Attica prefecture’s eastern coast, on Tuesday announced that ferry boat routes to and from its harbor were being conducted normally, while roads leading to…

24 confirmed deaths in Greek wildfires; fear of more fatalities

At least 24 dead are the toll so far from catastrophic wildfires in eastern Attica prefecture, east of the greater Athens area, while reports point to the possibility of even…

Monday, 23 July 2018

Unconfirmed reports refer to fatalities, injuries from wildfires east of Athens

Reports, albeit unconfirmed before midnight, referred to fatalities from a string of abruptly started wildfires east of Athens proper on Monday, along a pine-covered stretch of coastline on the western…

Tsipras cuts Bosnia visit short due to wildfires back home

Greek Prime Minister Alexis Tsipras was cutting short his visit to Bosnia on Monday, in the wake of a bevy of wildfires that erupted almost simultaneous around the greater Athens…

State of emergency declared in greater Athens area due to wildfires

The scourge of summertime wildfires in southern Greece suddenly emerged with a vengeance on Monday amid arid conditions and swirling winds, with several blazes around the greater Athens area’s remaining…

State’s arrears to private sector reach 2.38 bln€

Τhe general government’s arrears to the private sector reached 2.385 billion euros at the end of May 2018. Conversely, only 60.4 million euros went towards covering arrears during the same…

Acropolis opened without entrance fee on Mon. after heatwave avoided

Greece’s culture ministry on Monday abruptly “changed gears” and ordered the opening of the Acropolis archaeological site, with free access, from 5 to 8 p.m. the same day. The site…

Folli Follie provided temporary court protection from creditors

Embattled Greek jewelry manufacturer and retailer Folli Follie has filed for protection from creditors, under Greece’s article 106 of the bankruptcy code, according to announcement on Monday issued by the…

First major wildfire in Greece reported west of Athens

The first major wildfire of the season erupted in Greece on Monday, with the blaze centered in the Magoula settlement off a coastal highway due west of Athens, near the…

Unemployment in Greece up in June 2018 after 5 straight months of dropping

By S. Papapetros [email protected] The official unemployment increased in Greece in June 2018 after five successive months of decreasing, with more than 923,000 people registered on jobless rolls in the…

Additional burden for 2.172 mln taxpayers in Greece based on income tax returns at 1,129€

The average income tax – on top of monthly deductions – that 2.172 million taxpayers in Greece will pay for 2017 income returns is 1,129 euros, with 5.483 million tax…