English

Thursday, 28 June 2018

President of federation of insurance funds’ employees: EFKA ‘surplus’ actually a deficit

The leadership of Greece’s federation of employees of social insurance entities on Thursday flatly disputed government claims that the new Unified Social Security Fund (EFKA) is operating with a surplus,…

ND increases double-digit percentage point lead over ruling SYRIZA

Main opposition New Democracy (ND) party increased its already double-digit percentage point lead over ruling SYRIZA, in the latest opinion poll results announced on Thursday. Results by the Pulse firm,…

IMF again expresses ‘concerns’ over long-term Greek debt sustainability; report in late July

The IMF on Thursday again referred to the issue of Greece’s debt sustainability, expressing concerns over the country’s debt load in the long term. At the same time, a spokesman…

Dorian LPG says merger offer by BW LPG ‘not in its best interests’

Dorian LPG went on the offensive this week to deflect a public bid by BW LPG to merge the two shipping companies, saying the offer undervalues the former and is…

Appeals court throws out conviction of pair in ‘Conspiracy of Fire Nuclei’ case

An Athens five-justice appeals court on Thursday unanimously acquitted a 30-year-old woman and 33-year-old man charged with participation in a urban anti-state terrorist group. The pair had been serving a…

Greece-based online travel group Tripsta struggling; Aegean says its exposure to company limited

Two online travel agents (ΟΤΑ) based in Greece, Airtickets και Travelplanet24, both belonging to the Tripsta group, are apparently facing significant liquidity problems in the middle of the ongoing summer…

FT: Tsipras has agreed with Merkel over return of asylum seekers to Greece

Financial Times on Thursday reported that Greek Prime Minister Alexis Tsipras was willing to make a “deal” with German Chancellor Angela Merkel on the increasingly political sensitive – for the…

Wednesday, 27 June 2018

Goldair-ÖBB joint venture begins rail freight routes in Greece

Rail Cargo Logistics Goldair carried out its first freight route on Wednesday, beginning from the Sindos industrial district of Thessaloniki. The development comes after three and a half years of…

Flydubai inaugurates route linking Dubai with Thessaloniki

Commercial ties between Greece and the UAE are continuing to rise, as more than 170 Greek companies are now registered with Dubai’s chamber of commerce, whereas bilateral trade – excluding…

ND expels Athens chamber president Michalos from party

Main opposition New Democracy (ND) expelled Athens Chamber of Commerce & Industry (ACCI) President Konstantinos Michalos on Wednesday, characteristically charging that “Trojan Horses” have no place in the party. In…

Tsipras to Bloomberg: End of bailout means govt will decide on how to meet fiscal targets

Greece will meet its commitments to creditors, but will from now on determine how its meets agreed to fiscal targets, Greek Prime MInister Alexis Tsipras told Bloomberg on Wednesday. Moreover,…

Incident at AN.EL MP’s office a ‘false flag’

A notorious anarchist “collective” took responsibility for an attempted “intervention” on Wednesday at an Athens office of a deputy belonging to the junior coalition partner, the rightwing AN.EL party. The…

Beach on isle of Donousa makes forbes’ ‘Top 8’ for 2018

A site on a small Greek isle of Donousa, in the Cyclades chain, made Forbes’ 2018 list of “Top 8” most beautiful beaches around the world. Kedros (cedar) was cited…

EIB announces 400-mln€ finance schemes for Greek companies

The EIB on Wednesday announced a new credit line for Greek banks and their subsidiaries to support lease finance for domestic companies and businesses. The initiative come after a previous…

Dorian LPG says merger offer by BW LPG ‘not in its best interests’

BW LPG is reportedly undeterred in its merger offer for Dorian LPG, a prospect that would create a massive new shipping company in a deal valued at more than 1.1…

German FinMin Scholz to receive Mitsotakis in Berlin on Wed.

Greek main opposition leader Kyriakos Mitsotakis arrived in Berlin on Wednesday for a scheduled meeting with German Finance Minister Olaf Scholz and other top German political leaders. The center-right New…

ND leader on study showing Greek taxpayers needing 198 work days to pay annual taxes, contributions

A study released this week by an Athens-based pro-market think tank, which claimed that the average Greek taxpayer works 198 days out of 365 just to pay taxes and social…

Flooding again hits Mandra district, months after deadly rainstorm

A heavy rainstorm on Tuesday again caused flooding and damages in the Mandra township, an industrial district west of Athens, the same location where 23 people died last November during…

2.3-meter, 84-kilo catfish caught in northern Greece lake

A giant wels catfish (Silurus glanis) weighing …84 kilos was pulled in by two fishermen in a northern Greece lake this week. The pair, Nikos Kourtidis and Haris Boudios, president…

Tuesday, 26 June 2018

May-Tsipras meeting in London

Greek Prime Minister Alexis Tsipras referred to a very “substantive discussion” with his British counterpart Theresa May on Tuesday, adding that his official visit to the UK comes amid a…

Govt sharply reacts to defection by MP from junior coalition partner

The defection of a deputy from the right-wing junior coalition partner generated a firestorm of political reactions on Tuesday, with sources on the government side angrily decrying what they claimed…

Greek FinMin dangles figure of 700 mln€ in tax breaks for 2019

Greek Finance Minister Euclid Tsakalotos put a “euro-and-cents” figure on promised tax breaks for next year – an election year – pledging to push through 700 million euros in less…

Another MP from small right-wing junior coalition partner resigns; expelled deputy says Prespes agreement ill-fated

Another MP fled the leftist-rightist Greek government coalition on Wednesday, as a deputy from the small right-wing Independent Greeks’ (AN.EL) party, elected in Thessaloniki, announced his departure from the latter.…

Spike in crude oil production benefits VLCC sector

By L. Karageorgos [email protected] A decision by crude oil producers – mostly OPEC members – to raise production has already positively affected the tanker sector, with the share price of…

Prespes agreement heads back to fYRoM parliament after president refuses to sign pact

A recently concluded bilateral agreement between Athens and Skopje to finally resolve the fYRoM “name issue” was returned to the neighboring country’s Parliament on Tuesday, following a refusal by the…

Margetis Maritime Consulting opens new office for Indian market in Mumbai

Greek multinational Margetis Maritime Consulting this week announced the opening of an office in the major Indian port-city of Mumbai. with Capt. Vishwanath Mayekar and Capt. Mandar Sherlekar, both master…

Tsipras in London’s City: Time to exploit ‘positive momentum’ of Greek economy

Greek Prime Minister Alexis Tsipras on Tuesday called for the exploitation of what he termed as the “positive momentum” of the Greek economy in order to support the “dynamic recovery”…

Andreas Verykios announced as new chairman of HFSF

The Hellenic Financial Stability Fund (HFSF) on Thursday announced that, following a relevant commendation of a finance ministry committee, Andreas Verykios was appointed as a chairman of the Fund’s general…

PPC significantly improves EBITDA in Q1 2018

The Public Power Corp. (PPC), Greece’s previous electricity monopoly and still the dominant provider in the country, significantly improved its operational profits in the first quarter of 2018, with EBITDA…

IMF delegation in Athens ahead of report on Greek economy, sustainability of debt

Officials of Greek ministries involved in the ongoing bailout program met on Monday with IMF experts that arrived in Athens, as the Fund’s delegation is in Greece to conclude negotiations…