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Tuesday, 08 May 2018

14 individuals arrested in Athens on terror-related charge after suspect bank account ID’d

Fourteen people were arrested in greater Athens area on Tuesday morning on terrorism-related charges, and specifically with bank-rolling a terrorist organization – a self-styled anti-state outfit in this case. According…

QCM says it’s not involved with other Greek company, following speculation over Intralot

The NYC-based hedge fund at the center of recent close scrutiny of Folli Follie Group on Tuesday made it clear that it is not involved in any other Greek company,…

Cyprus-Greece-Israel summit underway in Nicosia

The leaders of Cyprus, Greece and Israel are meeting in the island republic’s capital city of Nicosia on Tuesday, with Greek Prime Minister Alexis Tsipras taking to Twitter to stress…

Folli Follie sees capitalization halved at ASE since release of negative report by hedge fund

By S. Emmanuil    [email protected] The Athens Stock Exchange (ASE) was reeling this week under the weight of a high-profile report by a NYC-based hedge fund claiming major discrepancies in…

Monday, 07 May 2018

ND deputies table question demanding info on level of pension cuts in Greece for 2019

The government is apparently shying away from a bevy of recent high-profile comments by ministers and government officials over a possible “renegotiation” with creditors over the looming next reduction in…

Tax authority: Nearly 437K uninsured vehicles detected in Greece

Nearly 437,000 uninsured vehicles were detected in Greece by the independent public revenues authority, a figure greater than originally forecast in a country of roughly 11 million residents. Unless a…

Greek FM: Turkey trying to legalize ‘illegal acts’ in Cyprus’ EEZ

Greek Foreign Minister Nikos Kotzias on Monday, speaking from Nicosia, referred to an effort by Turkey to legalize its “illegal demands”, namely, the unilateral presentation of maritime maps supposedly delineating…

Latest quarterly report by Parliament’s Budget Office under new SYRIZA appointee released

The first report by Parliament’s independent Budget Office under its new head, former SYRIZA government official Frangiskos Kountetakis, contains warningus over the possibility of an economic “derailment” in 2018, referring…

Govt sources: No involvement in National Bank developments

Government “sources” on Monday were prominently quoted as distancing the current coalition government from recent developments at National Bank of Greece, namely, the resignation of NBG CEO Leonidas Fragiadakis on…

Revenues authority exceeds annual target for obligatory collection measures in Q1 2018

By T. Tsiros  [email protected] Greece’s independent public revenues authority has already reached an annual target set by creditors for the imposition of obligatory collection measures for arrears (above 500 euros)…

Prince Charles, Camilla in Greece this week

Charles, the Prince of Wales and his spouse, Camilla, the Duchess of Cornwall will officially visit Greece this week, beginning on Wednesday and until Friday, following an invitation by Greek…

Capital Market Commission reaction to hedge fund report disputing Folli Follie results

The Hellenic Capital Market Commission (HCMC) on Monday, as expected, called on ASE-listed Folli Follie Group (FFG) to implement an independent audit of its 2017 results, days after a report…

Sector pros continue efforts to lift remaining cabotage on yacht, pleasure craft sector

By A. Tsimplakis [email protected] Fully liberalizing the Greek professional yachting and pleasure craft sector in order to attract international investment, multiply cruises and add more such vessels plying the country’s…

Netanyahu refers to prospect of East Med natgas pipeline in coming meeting with Tsipras, Anastasiades

Israeli Prime Minister Benjamin Netanyahu referred to a scheduled meeting on Tuesday in Nicosia with the leaders of Cyprus and Greece, Nicos Anastasiades and Alexis Tsipras, respectively, saying the prospect…

Sunday, 06 May 2018

AEK Athens crowned European Basketball Champions League champions after beating Monaco 100-94

AEK Athens won the Basketball Champions League title in the final on Sunday in the Greek capital by downing Monaco 100 to 94 before roughly 18,000 fans at the Athens…

Athens int’l airport posts passenger traffic hike for Jan-Apr 2018 period

Figure for the first four months of 2018 show increased passenger traffic at Athens’ Eleftherios Venizelos International Airport (AIA), continuing a trend from 2017. For April 2018 alone, passenger traffic…

Authorities: Roughly 1,200 third country nationals land on N. Aegean islands since May 1

Roughly 270 third country nationals landed on the eastern Aegean island of Lesvos (Mytilene) on Sunday alone after disembarking from the opposite Turkish coast, authorities said, rekindling concerns that the…

Saturday, 05 May 2018

Turk municipal worker who mistakenly entered Greek territory deported 3 days after incident

A 38-year-old Turkish man, employed by the municipality of Edirne near the border with Greece, was deported on Saturday back to Turkey roughly three days after he was arrested and…

Results of ‘stress tests’ on Greek banks released; reactions by CEOs

 A complete evaluation of the stress tests on Greek banks, conducted last February, will be released in October 2018, nevertheless all four of Greece’s systemic banks passed the ECB’s “health…

Friday, 04 May 2018

Snap election speculation rife in Greece; regular poll set for H2 2019

Main opposition New Democracy (ND) leader Kyriakos Mitsotakis on Friday again called on his party’s cadres to be prepared for any snap election, while adding that “the reverse countdown has…

HFSF announcement over developments at NBG after CEO’s resignation

National Bank of Greece (NBG) on Friday announced the resignation of Leonidas Fragiadakis from the post of CEO, saying the end of the latter’s term coincides with the completion of…

Head of pro yacht owners’ group: 2018 a boon for sector in Greece; 17th East Med Yacht Show at Zeas Marina

By A. Tsimplakis  [email protected] Greece’s marine tourism sector is experiencing its best phase over the past decade, Hellenic Professional Yacht Owners Association president Antonis Stelliatos said on Thursday, speaking during…

Turkish ministry IDs commercial vessel involved in incident with Greek warship

Turkey’s transport ministry identified the freight that briefly collided with a Hellenic Navy gunboat in the early morning hours of Friday as the “Karmate”, merely saying there were no injuries,…

Greek-controlled shipping fleet again first in terms of value

The value of the Greek-controlled fleet hovered at the 100-billion-USD mark at the beginning of March 2018, again holding first place globally in terms of value, according to a list…

Angry Folli Follie reaction to negative report by QCM

Greece-based Folli Follie issued an angry response on Friday in response to a particularly negative report by Quintessential Capital Management (QCM) on the international company, which designs, manufactures and distributes higher-end…

Piraeus Port Authority Dep CEO Li to depart

The Piraeus Port Authority (PPA) on Friday announced the departure of its Deputy CEO, LI Jianchun, from the organization, adding that Li will be transferred to another top executive position…

Greek buyers, German sellers dominate second-hand vessel sector in Jan-Apr 2018 period

By L. Karageorgos [email protected] Greek shipowners and shipping companies came in first among buyers of second-hand vessels over the recent period, with German-controlled interests being the most prominent sellers. According…

Reports: Turkish-flagged freighter apparently tries to ram Greek warship off Lesvos

Another incident reportedly involving a Greek warship as it patrolled a sea region in the eastern Aegean was reported overnight, with the Hellenic Navy general staff later on Friday morning…

State’s arrears to private sector increase in March, for second consecutive month

The Greek state arrears to the private sector increased for a second straigth month in March 2018, according to the General Accounting Office. The figure stood at 2.461 billion euros…

Tsipras from Lesvos: Some people tried to prevent my visit; ND calls PM’s half-day appearance ‘pathetic’

The political clash over Greek Prime Minister Alexis Tsipras’ half-day visit to the eastern Aegean island of Lesvos (Lesbos) continued well into the evening on Thursday, as the leftist premier…