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Friday, 11 May 2018

HSBC: Greek debt relief measures by June 21 Eurogroup meeting

By G. Sakkas [email protected] A report by HSBC this week includes an assessment that debt relief measures extended by Greece’s institutional creditors will be finalized with an agreement at a…

Mitsotakis meets with US ambassador; F-16 upgrade deal discussed

Main opposition New Democracy (ND) leader Kyriakos Mitsotakis met with US ambassador to Greece Geoffrey Pyatt at the former’s office in Parliament on Friday. According to ND sources, the two…

Ex-minister Mantelis avoids jail time in Siemens kickback case; 5-year term redeemable with cash payment

An Athens appellate court on Friday cut a previous eight-year prison term, handed down to a former minister who received a sizeable lump sum from German multinational Siemens almost 20…

Reports: Turkish maritime surveillance plane entered Aegean firing range this week

Greece’s state-run broadcaster (ERT) on Friday morning reported that Turkish maritime surveillance aircraft was responsible for some 30 airspace violations over a firing range off the northern Cyclades island of…

Water supply problems in Thessaloniki again reported this week

Water supply in the greater Thessaloniki area was again interrupted on Friday, following similar problems throughout the week. The long-standing problem of uninterrupted water supply and the quality of tap…

Fatal DUI-related truck accident reveals vehicle with fake license plates, lack of any other documentation

A fatal traffic accident in Athens this week involving a tractor trailer truck, driven by a 64-year-old man subsequently charged with DUI, has apparently revealed a worrying state of regulation…

Arrests linked to self-styled anarchist group on island of Tinos

Up to eight people were arrested on the Cyclades island of Tinos on Thursday following a lawsuit filed by the island’s mayor, and after a group identified as belonging to…

Thursday, 10 May 2018

ELA ceiling for Greek banks reduced by 3.34 bln€

According to the Bank of Greece the Governing Council of the ECB this week lowered the ELA-ceiling for Greek banks from 13.55 billion euros, in March 2018, to 10.21 billion…

Centeno: 4th review should be completed by May 24; sources say 75 out of 88 ‘prior actions’ pending

By N. Bellos [email protected] The fourth review of the ongoing Greek program should be concluded in a timely manner and at the staff level by May 24, Eurogroup president Mario…

Fraport Greece agreement with OTE group to upgrade telecoms at 14 regional airports

Fraport Greece, which manages 14 regional airports around the country, including in the top tourism destinations, on Thursday announced that it was upgrading telecoms and IT infrastructure at the facilities…

Realtors: ‘Airbnb phenomenon’ taking over central Thessaloniki, other choice locations

By G. Hatzilidis [email protected] The “Airbnb” phenomenon has apparently spread to the northern port city of Thessaloniki, the second largest municipality in the country and the nearest metropolis to the…

Inflation rate in April 2018 unchanged from corresponding month in 2017; marginally up from March 2018

The inflation rate in Greece remained unchanged in April 2018, compared to the same month in 2017, but was increased by 0.9 percent compared to the preceding month, March 2018.…

Greece second in terms of ‘Blue Flags’ internationally

Greece comes in second, globally, among 47 countries in terms of the quality of its sea waters and services to bathers, with 519 beaches winning distinctions, the national entity for…

Reports: No progress in Hellas Gold’s attempt to secure pending permits for Skouries site

By L. Kalamara [email protected] No progress was made this week in standing efforts by Eldorado Gold and its Greek subsidiary, Hellas Gold, to finally obtain necessary permits to restart gold…

Oxfam offices in Athens targeted by self-styled anarchist group

A notorious “antifa-like” group responsible for numerous high-profile protests in the country over the recent period struck again on Thursday morning, this time targeting the Oxfam NGO’s offices in central…

Anastasiades to ‘N”: We won’t be dragged into an escalation of tensions with Turkey

The Republic of Cyprus will not be dragged into any escalation of tension with Turkey, Cyprus President Nicos Anastasiades stressed this week, while also expressing a view that after the…

Wednesday, 09 May 2018

Greek president refers to return of Parthenon Marbles during official reception for Charles and Camilla

Greek President Prokopis Pavlopoulos brought up the issue of the return of the Parthenon Marbles, in addressing a toast to a pair of very prominent royal guests on Wednesday evening,…

Parliament ratifies bill that includes provision for same sex couple to become foster parents

A draft law on adoption and foster care was passed by a Parliament majority on Wednesday, as debate attracted scrutiny due to an article allowing same sex couples in a…

Sources: Management reshuffle at NBG to delay tender for sale of insurance subsidiary

A recent management reshuffle at the National Bank of Greece, namely, the resignation of NBG CEO Leonidas Fragiadakis last Friday, is expected to delay a tender for the sale of…

Greece drains 1.137 bln€ from markets with 13-week T-bills auction; yield falls

Greece auctioned off 875 million euros worth of 13-week T-bills on Wednesday, with total bids reaching 1.907 billion euros, and with the amount finally accepted being 1.137.5 billion euros. The…

Greece’s tax base expected to significant ‘widen’ by expanding to lower income strata

By G. Palaitsakis [email protected] A pending reduction in the annual tax-free income threshold – an austerity measure passed by the Tsipras government in 2016 that may be instituted as of…

EBRD maintains 2.2% GDP growth forecast for Greece in 2018; more optimistic than OECD, IMF

The European Bank for Reconstruction and Development (EBRD) maintains its forecast for Greek GDP growth in 2018, saying the country’s economy will grow by 2.2 percent, increasing slightly in 2019…

Mitsotakis-Karamanlis meeting in Parliament on Wed.

Main opposition New Democracy (ND) president Kyriakos Mitsotakis on Wednesday morning met at his office in Parliament with former ND leader and two-time prime minister Costas Karamanlis. The reason for…

Folli Follie: Vote of confidence by Fosun; latter increased share in Greek company to 15%

China-based Fosun on Wednesday more-or-less provided a “vote of confidence” for Folli Follie by increasing its share in the latter, amid an ongoing furor regarding the Greek jewelry and accessory…

Cosco-led Piraeus Port Authority reports higher turnover, profits for 2017

Preliminary results so far in 2018 posted by the Piraeus Port Authority (PPA) show a continued upward trend, with the most noteworthy performance being a significant rise in volume through…

Request by Minoan for 4-month license to field another F/B on popular Aegean route rejected

By L. Karageorgos [email protected] A shipping ministry-affiliated council for coastal transports (ferry boat routes, chiefly) has reportedly blocked a request by Minoan Lines to use another vessel for its Piraeus-Syros-Mykonos-Naxos…

Tuesday, 08 May 2018

Mini hotel ‘boon’ in Greece mostly affects five-star accommodations

By L. Karageorgos [email protected]   A mini hotel “boon” in the country over the past few years, notably in the greater Athens area, mostly relates to luxury and what’s described…

Greek PM Tsipras to receive Prince Charles on Wed.

Greek Prime Minister Alexis Tsipras will receive the Prince of Wales, Charles, on Wednesday at his Maximos Mansion office. The meeting is scheduled in the afternoon.…

US ambassador refers to shipping as big part of US-Greece economic ties

By L. Karageorgos [email protected] Greek shipping comprises a major part of the economic history between Greec e and the United States, US ambassador Geoffrey Pyatt said on Tuesday, speaking at…

Asylum council grants asylum to second Turkish serviceman

An appellate-level asylum council on Tuesday decided to grant political asylum to a second Turkish serviceman that fled to Greece aboard a military helicopter in July 2016, less than a…