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Thursday, 07 June 2018

Omnibus bill with latest round of reforms demanded by creditors tabled on Fri.; goal is ratification by June 15

By T. Tsiros [email protected] Changes in the legal framework protecting primary residences from creditors – dating from the beginning of economic crisis in Greece in 2010 – as well as…

Wednesday, 06 June 2018

Greater Athens hotel association: Room rates, occupancy up in Jan-Apr 2018; still lower than competitor cities

By L. Karageorgos [email protected] The association representing hotels in the greater Athens area cited a 5.3 percent increase in the average occupancy rate and a 7.8 percent increase in the…

Centeno: Greek debt relief extended ‘if necessary’, and assuming program successfully completed

Eurogroup president Mario Centeno cited two conditions for new Greek debt relief measures, ones included in a report his submitted for the Eurogroup meeting concluded last month, merely echoing other…

Reuters: Greece delays bond issue, as Italian worries shake EZ debt markets

Reuters reported on Wednesday that the Greek government has decided to delay a new foray into the markets, as political instability in neighboring Italy has apparently claimed a next-door “victim”,…

Hel.Pe group dividend at 0.2125€ per share; Motor Oil announces 1.3€ per share

Hellenic Petroleum (Hel.Pe) group’s general shareholders’ meeting on Wednesday approved of a 0.2125-dividend per share, with payments due to comment on July 9. Meanwhile, Greece’s other petrochemical concern, Motor Oil,…

Ministry approval pending on bids for hydrocarbon research in 3 blocks

By K Deligiannis [email protected] The state-owned Hellenic Hydrocarbon Resources Management S.A. (HHRM) will submit its report on the bids received so far for hydrocarbon research and exploitatation rights in three…

Rallies in Greece over ‘fYRoM’ name issue; ND says govt has no political legitimacy to proceed with agreement

Rallies are scheduled in 20 cities across mostly northern Greece on Wednesday in support of what organizers stress is the Hellenic nature of Macedonia – the name of the biggest…

Minister: Deal with creditors over looming privatization of Greek natgas utility

By K. Deligiannis [email protected] An agreement over a “formula” to finally privatize the Public Gas Corp. (DE.PA) was achieved this week between the Greek side and institutional creditors, with relevant…

Tuesday, 05 June 2018

FinMin: 67% of property owners to pay same tax in 2018; no reply on query over pending pension cuts

Greek Finance Minister Euclid Tsakalotos on Tuesday dampened any hopes of across-the-board reductions in Greece’s unpopular property tax (ENFIA), telling deputies elected with ruling SYRIZA party that 67 percent of…

Extension of statute of limitations by one year for certain tax, VAT cases

By G. Kouros [email protected] Greece’s Legal Council of the State has reportedly approved a one-year expansion of the current five-year statute of limitations for tax bureau investigations into income and…

Zaev: Crucial phone call with Tsipras regarding ‘name issue’ days away

The prime minister of the former Yugoslav Republic of Macedonia (fYROM), Zoran Zaev, was quoted by the country’s national news agency on Tuesday as saying that phone contacts with his…

Turkish govt spox threatens abduction of eight officers who’ve sought asylum in Greece

A government spokesman in Ankara has threatened the possibility of an abduction of eight Turkish servicemen that have sought refuge in Greece, after arriving in the country in the wake…

Deadline looms for Athens to receive one-billion-euro sub-tranche

The Greek government must accelerate efforts to collect necessary data to demonstrate to creditors that it has significantly lowered the state’s arrears to the private sector, as well as confirming…

Scholz: Decisions for Greek debt relief at end of June

German Finance Minister Olaf Scholz merely reiterated this week that decisions over Greek debt relief will be taken at the end of June, in statements to the Athens daily “Ta…

Light quake reported south of Sparta

A light earthquake measuring 4.6 on the Richter scale was recorded at 11:52 a.m. (09.52 GMT), according to initial estimates by a geodynamic institute in Athens. The quake’s epicenter was…

Monday, 04 June 2018

Greek state arrears to private sector ease slightly in April 2018

The Greek state’s arrears towards the private sector fell slightly in April 2018, easing to 2.617 billion euros from 2.749 billion the previous month. In an interview with “N” last…

PM Tsipras praises role of all-important shipping sector in Greek economy

Greek Prime Minister Alexis Tsipras referred to the major contribution of the Greek shipping industry in the country’s economy, during his address at the inauguration of the biennial Posidonia 2018…

All 8 Turkish servicemen who requested political asylum released from detention

All eight Turkish officers and NCOs held in custody after arriving in NE Greece aboard a Turkish military helicopter – in the wake of an unsuccessful July 2016 coup in…

Berlin: Decision on Greek debt pending

A German finance ministry spokeswoman has reiterated that a decision on whatever Greek debt relief measures will be taken before the ongoing third bailout ends in August 2018, speaking hours…

Exports boost Greek GDP growth rate in Q1 2018

The Greek economy grew by a rate of 2.3 percent over the first quarter of 2018, Greece’s statistics authority announced on Monday, compared with the same period in 2017. The…

BoG Gov. Stournaras reiterates need for ‘precautionary credit line’ after current bailout ends

Bank of Greece (BoG) Gov. Yannis Stournaras has reiterated his standing support for a precautionary credit line to be extended to thrice-bailed out Greece after August 2018, when the current…

Brief invasion, damages of ministry bldg by self-styled anarchists in demand of prison furlough for 17N assassin

A group of self-styled anarchists entered and caused damages in a ministry building in central Athens late Monday morning to press demands for another prison furlough to be issued to…

Special ‘N’ edition for shipping industry on occasion of Posidonia 2018

By L. Karageorgos [email protected] The 50 most prominent Greek shipowners in the world own and manage vessels that exceed 250 million dwt in transport capacity, according to the latest figures…

Sunday, 03 June 2018

Centeno: EZ will develop debt relief plan for Greece that’s ‘credible to markets’

Reuters quoted Eurogroup president Mario Centeno over the weekend as saying that Euro zone lenders will develop a package of debt relief deal for Greece that will be “credible to…

Posidonia 2018 in Athens this week

The international maritime exhibition Posidonia 2018 opens its doors on Monday, June 4, with some 1,920 exhibitors from 92 countries participating. The biennial trade exhibition and convention is considered the…

Greek shipping minister meets with Bahamian, Liberian delegations attending Posidonia 2018

Greece’s shipping minister over the weekend met separately with officials from the Bahamas and Liberia, two countries with large ship registries – on the occasion of the upcoming biennial Posidonia…

Greek rep to IMF: Fund may only assume role of ‘technical adviser’ in program

The IMF may assume the role of a “technical adviser” in any Greek program – rather than as a lender – given that margins for resolving differences between the Fund…

Corbyn expresses support for return of Parthenon Marbles to Greece

UK Labour Party leader Jeremy Corbyn, in an interview to a Greek newspaper, promised to return the Parthenon Marbles to Greece if he’s elected as Britain’s next prime minister. In…

Greek FinMin promises ‘permanent’ tax cuts in 2019, as last bailout’s end nears

Greece’s finance minister over the weekend referred to arrival of “permanent tax reductions in 2019”, saying that the post-bailout period in the crisis-battered country means “no new commitments, prior actions…

Greek high court reportedly OKs extradition of Turkish man sought on Interpol warrant

Greece supreme court has reportedly upheld the extradition of a 45-year-old Turkish journalist back to the neighboring country, where he faces a prison sentence for a conviction stemming from participation…