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Wednesday, 11 July 2018

HFSF on NBG selection process for new CEO

Hellenic Financial Stability Fund (HFSF) on Wednesday issued a press release stating that it is closely monitoring an ongoing selection process for National Bank of Greece’s new CEO, in accordance…

Tuesday, 10 July 2018

Zaev estimates fYRoM ‘name agreement’ to come before Greek Parliament after Jan. 15, 2019

A bilateral agreement resolving the long-standing “name issue” will reportedly be tabled in Greece’s Parliament for ratification after Jan. 15, 2019, as the constitutional revision in the neighboring former Yugoslav…

Tsipras-Erdogan meeting on Thurs. on sidelines of NATO summit

A meeting between Greek Prime Minister and newly re-elected Turkish President Recep Tayyip Erdogan will reportedly take place on Thursday on the sidelines of a NATO summit in Brussels, and…

Greek revenues authority chief confident 51-bln€ goal for 2018 will be met

The head of Greece’s independent authority for public revenues, Giorgos Pitsilis, on Tuesday appeared confident that a goal for this year to collect 51 billion euros in revenues will be…

Coca-Cola bottler in Greece inaugurates new 24-mln€ ‘mega plant’

Coca-Cola Tria Epsilon (3E), The Coca-Cola Company’s (TCCC) long-time bottler for Greece, on Tuesday celebrated the completion of a 24-million-euro investment with the inauguration of a “mega plant” in the…

Public Gas Corp. CEO cites plan to develop LNG infrastructure on handful of Greek isles

The CEO of Greece’s Public Gas Corp. (DEPA) on Tuesday referred to a plan by the utility to build LNG infrastructure and distribution networks on several Aegean islands, specifically mentioning…

Eurozone official: VAT rates on islands must be harmonized; pension cut measure stands

By N. Bellos [email protected] A Eurozone official in Brussels on Tuesday reiterated that suspension of a decision to harmonize VAT rates on five eastern Aegean islands – bringing them up…

Govt, employers’ group row continues

By J. Kanoupakis [email protected] A brewing feud between the leftist-rightist coalition government and the Hellenic Federation of Enterprises (SEV), Greece’s largest employers’ association, continued on Tuesday, a day after the…

ΕΥ: New FDIs in Greece for 2017 at 24, creating nearly 2K job spots

EY’s European attractiveness survey this week calculated the number of new direct foreign investments (DFIs) in Greece at 24 in 2017, up from 13 the previous year, a development that…

Expelled AN.EL MP forms new right-wing party

A up-until-recently deputy of the rightwing Independent Greeks (AN.EL) party on Tuesday announced the establishment of a new political formation, described as being on the right of the political spectrum.…

Tsipras again promises tax breaks in 2019, amid more criticism of ‘over-taxation’ in the country

By G. Hatzilidis [email protected] Greek Prime Minister Alexis Tsipras again referred to “tax breaks” next year, 2019, a year in which a general election can come no later than the…

Econ confidence slips in Greece in June 2018

Economic climate eased in Greece in June, according to the Athens-based Foundation for Economic & Industrial Research’s (IOBE) monthly report, although a small improvement was recorded in the same index…

Monday, 09 July 2018

Developments continue in Ellaktor power struggle – full text

Following the resignation of three members of the Ellaktor company’s board on Monday, Dimitrios Koutras and Leonidas Bobolas issued a statement briefing shareholders that they will support the appointment by…

Fraport-managed airports in Greece continue to post record passenger traffic figures

By F. Zois [email protected] European and global institutional lenders, which provided financing of up to one billion euros in long-term credit used by a Fraport-led consortium to fund a tender…

fYRoM FM: High hopes for NATO invitation this week

The foreign minister of the former Yugoslav Republic of Macedonia (fYRoM) on Monday was quoted by Reuters as saying that the land-locked country to Greece’s north is waiting for a…

Israeli presence at this year’s Kalamata Dance Festival

A noteworthy Israeli presence is scheduled for this year’s Kalamata Dance Festival, which takes place in the extreme southern Greek port city in July.   Choreographer Sharon Fridman will present…

Cruise ship sector in Greece for 2018 expected to miss previous year’s figures

By A. Tsimplakis [email protected] The cruise ship sector in Greece in 2018 is expected to fall below 2017’s level, essentially overturning initial optimistic estimates of an increase.  Last year, in…

Light quake recorded west of Crete

Α light earthquake measuring 4.2 on the Richter scale was recorded at 10:32 p.m. (20.32 GMT) west of the large island of Crete. The quake’s epicenter is located some 90…

IMF auditor: High fiscal targets threaten Greek econ growth; Vijlbrief: Pension cuts to proceed

Greece’s top finance ministry leadership heads to the US this week in search of much-needed investments in the thrice bailed-out country, as two stops are on the official itinerary, in…

Sunday, 08 July 2018

Berlin: Agreement with Athens over refugees’ return by end of the month

Germany’s defense minister over the weekend estimated that it was only a “matter of time” before an agreement between Berlin and Athens to return certain categories of refugees from Germany…

FAZ: Eurogroup decisions for Greece a ‘4th memorandum’, a 5th willl follow

Frankfurter Allgemeine Zeitung (FAZ) again takes a very critical look at recent developments concerning the Greek program, assessing that a June 21 Eurogroup decision to finalize medium-term debt relief measures for…

Bakoyannis defends decision to attend Erdogan swearing-in ceremony

Former Greek foreign minister Dora Bakoyannis will be among the international dignitaries scheduled to attend a swearing-in ceremony for re-elected Turkish President Turkish President Recep Tayyip Erdogan on Monday, a…

Friday, 06 July 2018

Greek migration minister: We’re not willing to become a ‘warehouse of souls’

Greece’s relevant migration policy minister on Friday referred to an effort at imposing what he called political “authoritarianism” via a “fear-mongering agenda” by the leaders of Hungary and Austria. “As…

Reports: Capital shipping entering LNG sector; HHI eyed for building of new tankers

By A. Tsimplakis [email protected] The Capital shipping group, headed by Vangelis Marinakis, is reportedly ready to enter the LNG sector, with the former reportedly having conveyed the group’s intentions to…

Bobolas camp unveils ‘road map’ for Ellaktor group’s future course

Construction, participation in concession projects and the environment are the sectors where Athens-based multinational holding company Ellaktor should remain focused on, the group’s CEO, Leonidas Bobolas, emphasized in a presentation…

Tsipras-Erdogan meeting at NATO summit expected to touch on fate of 2 Greek servicemen; Ankara links issue with asylum seekers

A meeting between Greek Prime Minister Alexis Tsipras and recently re-elected Turkish President Recep Tayyip Erdogan on the sidelines of a NATO summit next week is increasingly viewed as crucial…

Copelouzos group partnership with China Energy Investment for PPC lignite-fuelled power production

By K. Deligiannis [email protected] The Copelouzos group on Thursday announced a partnership deal with Chinese multinational  China Energy Investment Corp. to vie for the Public Power Corp.’s up-for-sale lignite-fired production.…

Thursday, 05 July 2018

Public Debt Management Agency says recent measures ensure mid-term sustainability

Greece’s Public Debt Management Agency (PDMA) assessed that recent debt relief measures extended by Eurozone creditors last month ensure the medium-term sustainability of the country’s external debt. The PDMA divided…

State arrears to private sector at 2.974 bln€ in May 2018, down 390 mln€ euros from previous month

The state’s arrears to the private sector – including outstanding tax refunds to taxpayers – reached 2.974 billion euros at the end of May, down 390 million euros (3.364 billion…

Ex-SYRIZA minister on 2015 referendum anniversary: Govt was ready to print drachmas after ‘no’ vote

One of the more prominent Cabinet members of the first Tsipras government in 2015 on Thursday – the third anniversary of a contentious referendum over what was billed as creditors’…