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Saturday, 07 April 2018

DM Kammenos again refers to 2 Greek servicemen held in Turkey as ‘hostages’

Greek Defense Minister Panos Kammenos over the weekend again referred to two servicemen being detained in Turkey as “hostages”, a type of incarceration he said comes without a trial and…

Education minister refers to scrapping of univ. admissions system, but after next scheduled election

A new system whereby the current university entrance regime in Greece is replaced by admission based on a pupil’s grade point average on their high school diploma was announced over…

Friday, 06 April 2018

Union representing guards at archaeological sites calls off work stoppage

A union representing guards of archaeological sites, employees affiliated with the culture ministry, on Friday announced that it was suspending a four-hour work stoppage set for Saturday.  The current week…

Greek ministry-affiliated council of experts: 3.7% primary budget surplus in 2017

A finance ministry council of experts calculated Greece’s annual primary budget surplus at 3.7 percent of GDP in 2017, with the growth rate reaching 1.4 percent, a lower figure than…

First Turkish UAV detected flying in Greek airspace; fighter planes scrambled

Greek warplanes reportedly intercepted the first Turkish UAV “drone” operating in the Aegean, and specifically over the Dodecanese island of Rhodes on Thursday. According to the Athens daily “Kathimerini”, the…

Visits, statements ahead of Easter for 2 Greek servicemen; detention drags on in Turkey

The parents of two Greek servicemen held in pretrial detention in a Turkish border city visited the pair on Friday, which is Good Friday on the Orthodox Christian calendar. The…

Thursday, 05 April 2018

Wood & Company sees lower Greek GDP growth than IMF, Commission forecasts

Wood & Company forecasts lower GDP growth rates for Greece in 2018 and 2019 than the ones already unveiled by the IMF and the EU Commission, predicting a 1.9-percent hike…

Opposition lays into leftist govt after another legal decision won by Canadian miner against Greek state

By L. Kalamara [email protected] A decision this week by an administrative court in Greece in favor of Canadian multinational Eldorado Gold’s Greek subsidiary – its latest legal battle with the…

Greece to auction 13 Weeks T-Bills on April 11

Greece’s Public Debt Management Agency on Thursday announced that the Greek state will auction 13 Weeks T-Bills on April 11, 2018, in book entry form, and with maturity of July…

Report: Most new hirings in Greece part-time, in tourism sector

Nearly half of the surplus balance of  new jobs spots – the difference between hirings and redundancies — in recession-battered Greece in March 2018 were in the tourism sector, specifically…

German media continue to focus on post-bailout prospects for Greece; possible debt relief

German media continued to focus on the Greek debt issue this week, forecasting that new German Finance Minister Olaf Scholz has his work cut out for him in the post-memorandum…

39 out of 41 e-auctions scheduled on Wed. completed

Thirty-nine out of 41 electronic auctions of foreclosed real estate in Greece were completed on Wednesday, with a highest bidder declared – a development that apparently shows the very successful…

Uber suspending uberX service in Athens

Uber on Thursday announced that it was temporarily suspending its uberX service in Athens as of next Tuesday, in the wake of a new law, passed recently by the leftist-rightist…

Wednesday, 04 April 2018

Anti-state group throws paint at Turkish consulate in Athens

Members of a notorious anti-state group mostly active in the greater Athens area struck again on Thursday, this time throwing paint at the Turkish consulate in the Psychiko district, the…

The Greek milepost on China’s ‘Belt & Road’ strategy

By V. Kostoulas [email protected] The numbers are staggering: In 2009 China exported, in a span of six hours, the total export output that it had recorded in all of 1979!…

First work-stoppage of the tourism season at archaeological sites decried by travel agents’ federation

A travel agents’ federation in Greece on Wednesday sharply criticized an industrial action by a union representing guards of archaeological sites in the country, scheduled for Saturday, between 8 a.m.…

Another incident involving Greek, Turkish coast guard vessels reported; migrant smuggling continues

Another incident involving Greek and Turkish coast guard vessels was reported on Wednesday off the large eastern Aegean island of Hios (Chios), with Athens reporting that a Turkish patrol boat…

Tuesday, 03 April 2018

Golden Energy to take delivery of two new Suezmax tankers this week

Golden Energy shipping, controlled by the Restis family, this week announced that it will take delivery of two new Suezmax tankers from Hyundai Samho Heavy Industries Co. Ltd. this week.…

Pasal rescue plan envisions debt ‘haircut’, transfer of properties to creditor banks

By T. Igoumenidi [email protected] A generous debt “haircut” and the voluntary transfer of properties to creditor banks is foreseen in a rescue plan submitted to a relevant first instance court…

Handelsblatt: ESM, Paris submit Greek debt relief plan linked with 5-year growth rate

The European Stability Mechanism (ESM) and France have reportedly submitted a plan to link debt relief for still-bailout dependent Greece with the country’s growth until 2050, Handelsblatt reported on Tuesday,…

IOBE: Econ sentiment in Greece drops in March 2018 after several months of successive hikes

The Foundation for Economic & Industrial Research’s (IOBE) economic sentiment index for March receded to 99.8, after several months of successive increases. The index during the previous month reached 104.3…

Latest poll has difference between ND, SYRIZA at 4.4% points

Main opposition New Democracy (ND) party’s lead over ruling SYRIZA was given at 4.4 percentage points this week, the first mainstream poll in several months showing such a close margin…

Latest int’l distinction for Athens’ Eleftherios Venizelos Airport

Athens’ Eleftherios Venizelos International Airport (AIA) has been voted as the best airport in southeast Europe, as part of the annual Skytrax World Airport Awards, the biggest international study gauging…

Archaeological council relents, will allow BBC to film on Sounion archaeological site

A previous “no” by Greece’s powerful Central Archaeological Council (KAS) to a BBC request to film a segment for an upcoming series on the archaeological site of Sounion turned into…

State’s arrears to private sector up by 237 mln€ in Feb. 2018 over previous month

The state’s arrears to the private sector increased by 237 million euros in February 2018, a figure that includes both debts to contractors and tax returns to individual citizens. Specifically,…

Tsipras promises Cabinet to exhaust poll-trailing govt’s mandate to very last day

Greek Prime Minister Alexis Tsipras on Tuesday again promised Cabinet members, and by extension his poll-trailing SYRIZA party’s MPs and supporters, that he’ll exhaust the government’s four-year mandate practically to…

Politico on high number of Turkish asylum-seekers finding refuge in Greece

Politico this week reports on the increasing number of Turkish citizens that have requested political asylum in Greece after an unsuccessful military coup in the neighboring country nearly two years…

Controversial Greek DM’s statements again attract opposition criticism; displeasure by majority MPs as well

Fallout continued on Tuesday from the previous day’s sharp criticism by outspoken Defense Minister Panos Kammenos of Turkish President Recep Tayyip Erdogan and Ankara’s overall stance over the recent period,…

Monday, 02 April 2018

ND leaders claims violent crime rising; 2 high-profile incidents affect public opinion

A couple of well-publicized crime-related incidents generated the latest high-profile criticism by main opposition leader Kyriakos Mitsotakis on Monday, who claimed that stranger-on-stranger violence has recently surged in the country.…

Yet another trial ordered for experts attached to Greek privatization fund in 2013-14

Six experts previously employed by Greece’s privatization agency between 2013 and 2014 have again been referred to trial on simple complicity and breach of faith charges – a back-and-forth legal…