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Tuesday, 17 July 2018

Greek-Russian businessman denies involvement in fYRoM protests against ‘name issue’ agreement

One of Greece’s most prominent businessmen, Greek-Russian investor Ivan Savvidis, this week categorically denied that he’s behind attempts to block a landmark agreement between Athens and the neighboring former Yugoslav…

PM’s siblings threaten legal action over press charges claiming forgery to win state construction contract

The brother and sister of Greek Prime Minister Alexis Tsipras this week threatened legal action over a bevy of recent press reports claiming their construction company tried to win a…

Monday, 16 July 2018

Greek tax authority to debut e-platform for AirBnB-type listing in next few days

G. Kouros [email protected] Property owners engaged in short-term leasing of lodgings, the “AirBnb phenomenon”, will reportedly come under the “taxman’s” scrutiny in Greece over the coming period, with a new…

One in eight taxpayers in Greece due a rebate for 2017 statement

By G. Kouros [email protected] Just one out of eight taxpayers submitting an annual tax statement this year – for 2017 income and assets – is due a rebate, based on…

Handelsblatt: Greece eyes 10-year bond issue – before Aug. 20

Handelsblatt on Monday claimed that Greece’s Public Debt Management Agency is considering a 10-year bond issue before the current – and last – bailout program officially ends on Aug. 20.…

Wyndham Athens Residence officially presented in central Athens

By L. Karageorgos [email protected] The Wyndham hotel group continues to be “bullish” over its Greece prospects, with Dimitris Manikis, the multinational’s president and managing director for the EMEA region outlining…

Lavrov on case of expulsion of Russian diplomats: Greece following the West’s policy towards Russia

Official Moscow dismissed a very high-profile expulsion of two of its diplomats from Greece this month by claiming Athens proceeded with the move without evidence. In statements to RT America…

Sunday, 15 July 2018

VesselsValue: Greek shipping interests invest 6.4 bln USD in H1 2018 for new, second-hand vessels

Greek shipping interests invested roughly 6.4 billion USD over the first half of 2018 for vessel purchases, either through new orders or by buying second-hand ships.  Specifically, new orders accounted…

Saturday, 14 July 2018

Hellas Gold reportedly facing more bureaucratic hurdles in N. Greece mining operations

By L. Kalamara [email protected] Executives of Hellas Gold, which holds two gold mining concessions in northern Greece at the center of concerted efforts by opponents to block the investment, are…

Turkish media: Erdogan cites ‘good faith’ understanding to deal with issue of 2 servicemen, asylum-seeking officers

Press reports out of Turkey on Friday cite Turkish President Recep Tayyip Erdogan as referring to an “agreement” with Greek Prime Minister Alexis Tsipras – whom he met on Thursday…

Light quake in southern Greece

A light earthquake measuring 3.7 on the Richter scale was reported at 08.10 (06.10 GMT) on Saturday in southern Greece, and specifically in the western Peloponnese, with an epicenter near…

FT: Efforts in Alexandroupolis to trip-up fYRoM deal caused expulsion of 2 Russian diplomats from Greece

FT this week cited Russian intelligence activity in the extreme northeast port city of Alexandroupolis as the reason behind this month’s expulsion of two Russian diplomats stationed in the country,…

Friday, 13 July 2018

EU Commissioner regrets ‘misinterpretation’ of comment regarding border ‘restructuring’

EU Commissioner for enlargement Johannes Hahn on Friday engaged in “damage control”, days after a peculiar statement regarding Albania’s pending EU accession process and borders between Greece and the former,…

DM cites spending cuts in bid to overcome Berlin’s opposition to suspension of measure for islands’ VAT rates

Berlin’s qualified “nein” to the timely disbursement of the last loan tranche of the current Greek bailout – itself ending on Aug. 20 – apparently generated quick action in Athens…

Bakoyannis: Athens should have extradited 9 Turks charged with planning attack on Erdogan

Former Greek foreign minister Dora Bakoyannis on Friday called for the Greek government to extradite nine Turkish nationals, whom she referred to as “terrorists”, to Turkey. The nine Turks were…

ESM promises rapid disbursement of last bailout loan money to Athens once ‘national procedures’ completed

Bloomberg on Thursday assessed that the “glitch” in disbursing the last 15-billion-euro loan tranche to Greece, held up due to Berlin’s annoyance over a measure freezing lower VAT rates on…

Thursday, 12 July 2018

Eurogroup postpones 15-bln€ tranche to Greece due to Berlin’s objections to island VAT decision

A scheduled disbursement of 15 billion euros to Greece, the final tranche of the current bailout, has been kicked back to early August, after Berlin reportedly objected to a high-profile…

Tsipras says he stressed to Erdogan that continued incarceration of 2 Greek soldiers a ‘major issue’ affecting ties

Greek Prime Minister Alexis Tsipras emphasized that he directly brought up the issue of two Greek servicemen being held in Turkey, during his two-hour meeting with Turkish President Recep Tayyip…

IMF: Cooperation with European creditors over post-bailout supervision in Greece; foreseen procedure to be followed

The IMF’s executive board will convene on July 27 to consider a review for Greece, the so-called article IV consultation, which will include forecasts for a debt sustainability study for…

Zaev comments on NATO invitation towards fYRoM

The prime minister of the former Yugoslav Republic of Macedonia (fYRoM), Zoran Zaev, took to Twitter to comment on an invitation issued by NATO towards his country to commence membership…

Commission forecast for Greece unchanged: 1.9% GDP growth in 2018; 2.3% in 2019

By N. Bellos [email protected] The EU Commission’s summer forecast for the Union’s national and overall economies puts the annual GDP growth rate for Greece at 1.9 percent, rising to 2.3…

ND again tables amendment to allow Greek expats the right to vote in diplomatic missions

Deputies with main opposition New Democracy (ND) party on Thursday tabled an amendment in Parliament that would, if ratified as law, allow Greek citizens living abroad to vote in their…

OTE raises 400 mln€ from int’l debt capital markets via new 4-year bond issue

OTE, Greece’s largest telecoms provider, on Thursday announced that it had concluded a book-building process for the issue of a four-year, 400-million-euro bond in international debt capital markets. According to…

Amendments in Parliament fuel snap election scenarios in Greece

Widespread speculation over early elections in Greece continued unabated this week, and was in fact exacerbated by the tabling of two amendments in Parliament to allow the possible holding of…

Wednesday, 11 July 2018

Tsipras: Continued incarceration of 2 Greek servicemen in Turkey a ‘sore’ for all of NATO

Greek Prime Minister Alexis Tsipras used caustic language on Wednesday to vilify the continued incarceration of two Greek servicemen in neighboring Turkey, nearly four months after the men allegedly strayed…

IOBE predicts Greek GDP growth of 2% in 2018

The Athens-based Foundation for Economic & Industrial Research (IOBE) on Wednesday forecast a GDP growth rate for Greece in 2018 at 2 percent, a figure cited in its second quarterly…

Commission announces terms for Greece’s post-bailout ‘enhanced surveillance’

The European Commission on Wednesday announced the specific terms for Greece’s “enhanced surveillance” by creditors after the third bailout ends in August 2018, underlining that its intent is to support…

Govt spox denies charges that Athens had not briefed partners over island VAT decision

The Greek government, via its official spokesman, on Wednesday rejected press reports this week charging that Athens had not briefed its European partners over a high-profile decision to keep VAT…

Auction results of 13-week Greek T-bills

The Public Debt Management Agency on Wednesday announced that during an auction of 625 million euros of 13-week T-Bills conducted the same day, total bids reached 962 million euros, with…

Press reports: 2 Russian diplomats expelled by Athens due to ‘interference’ in fYRoM ‘name issue’

Moscow has reportedly threatened to retaliate to Athens’ intention to expel two Russian diplomats stationed in Greece. According to the Russian news agency Interfax, the Russian foreign ministry announced that…