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Monday, 02 April 2018

Greek DM refers to ‘Midnight Express’ scenario of recycled charges against 2 Greek servicemen

Athens apparently switched tactics on Monday and ramped up its criticism of official Ankara and Turkish President Recep Tayyip Erdogan personally, as no progress has been discerned in efforts to…

Athens responds with ‘sultan’ quip to continuing Erdogan claims; stance re-evaluated

By G. Kampourakis [email protected] Sunday’s much harsher reply by Athens to the latest verbal “fireworks” by Turkish President Recep Tayyip Erdogan marked a sharp departure from the Greek government’s  recent…

Public revenues authority refers to 70K audits in 2018; phone calls to remind taxpayers of arrears

An operational plan unveiled recently by Greece’s Independent Public Revenues Authority refers to extensive audits and legal actions against taxpayers with arrears to the state, included in no less than…

Sunday, 01 April 2018

Draft bill details framework to sell-off 40% of PPC’s lignitite-fired power capacity

By K. Deligiannis [email protected] A closely watched draft bill, expected to be tabled by the relevant Greek energy and environment ministry this week, details an international tender process to sell-off…

Continuing problems with water supply in Thessaloniki area an embarrassment for Tsipras govt

Efforts were continuing on Sunday to restore the water supply to the greater Thessaloniki urban area, days after the tap dried up in the metropolis, the second largest in Greece…

Friday, 30 March 2018

Athens, EU concerned about rekindling of migrant-refugee crisis

The flow of third country nationals reaching Greek territory over the first quarter of 2018 has increased by 33 percent, compared to the same period last year, new Migration Policy…

Greek FM: Hope for ‘major step’ in next meeting on fYRoM ‘name issue

Greek Foreign Minister Nikos Kotzias expressed a hope that both sides will be ready for a “major step” in a next meeting, speaking immediately negotiations with his counterpart from the…

Closely watched meeting between Greek, fYRoM FMs in Vienna on Fri.

A closely watched meeting between the foreign ministers of Greece and the former Yugoslav republic of Macedonia (fYRoM), held under the auspices of a special UN mediator, is set for…

Overnight stay fee also imposed on short-term lease properties: Greek revenue service

Greece’s Independent Public Revenues Authorities (ADAE) this week clarified that a surcharge imposed on hotel overnight stays also applies to furnished rooms-to-let and short-term leased apartments, the so-called AirBnB-type sector.…

Thursday, 29 March 2018

Corporate consultant, ex-Columbia prof: High Greek primary budget surpluses have actually increased public debt

The excessively high primary budget surpluses, as a percentage of GDP, that the current leftist-rightist coalition government has agreed to – with institutional creditors – and achieved over the last…

Privatization fund requests improved offers by 2 consortia vying for Greek natgas transmission operator

By K. Deligiannis [email protected] Greece’s privatization agency, the Hellenic Republic Asset Development Fund (HRADF), on Thursday requested improved bids by the two consortia that have submitted binding offers for the acquisition…

IMF spox refers to stepped up work over Greek debt relief

An IMF spokesman on Thursday expressed a slightly more positive outlook over the prospect of the Fund continuing in the Greek program, while noting that technical work on the debt…

BoG: NPEs post noteworthy reduction in Q4 2017

The Bank of Greece (BoG) on Thursday said non-performing rxposures (NPEs) affecting the domestic credit sector reached 95.7 billion euros up until the end December 2017, down by 4.8 percent…

Producers of BBC series fail to get permit to film at Cape Sounion archaeological site

Greece’s powerful Central Archaeological Council (KAS) has again turned down a request by international producers to shoot scenes at one of the country’s best-known landmarks, the Cape Sounion Temple of…

Specter of football ‘Grexit’ again re-appears

The head of FIFA’s monitoring committee for Greek professional football has recommended the suspension of the country’s crisis-bedeviled league from international participation, a prospect that means that Greece’s football federation…

Greek fund signs MoU with UAE’s Mubadala Investment Co

By S. Zisimos [email protected] Greece’s New Economy Development Fund, known as TANEO in its Greek-language acronym,  has signed a MoU with UAE state-run investment fund, the well-known Mubadala  Investment Co.,…

Wednesday, 28 March 2018

Tele-con’f between Greek side, creditors’ auditors focuses on ‘prior actions’ left for 4th review

The course for implementing “prior actions” for the fourth, and last, review of the ongoing Greek bailout program was the object of a teleconference on Tuesday evening between top government…

Reports: Number of new VLCC orders more-or-less the same as retired ships this year

The number of retiring Very Large Crude Carriers (VLCC) over the recent period has been more-or-less been matched by orders for new VLCCs, according to Allied Shipbroking. Specifically, since the…

Aluminum sector accounts for 5.6% of all Greek exports in 2017

The aluminum sector accounted for a noteworthy 5.6 percent of Greece’s total exports in 2017, the country’s independent statistics authority (EL.STAT) announced this week. The Aluminium Association of Greece added…

BoG Dep. Gov stresses more radical steps by Greek banks to reduce NPLs, continue recovery

Deputy Bank of Greece (BoG) Gov. Theodoros Mitrakos this week detailed the initiatives that Greece’s four thrice-recapitalized systemic banks must accelerate in order to keep the country’s fragile credit system…

Greek portion of TAP to be completed by end of 2018

By K. Deligiannis [email protected] Accelerated work is proceeding on the Greek portion of Trans Adriatic Pipeline (TAP), with a timetable referring to the first deliveries of natural gas from Azerbaijan’s…

Athens prosecutor files felony charges against homeowner, 88, who shot at 2 robbers

A relevant prosecutor in Athens has filed felony charges against an 88-year-old man who fired a shotgun against two robbers that broke into his residence in the upscale coastal suburb…

Some 300 third country nationals ferried from Turkey land on Lesvos overnight

Official Turkey has apparently loosened, at least temporarily, security measures aimed to prevent third country nationals from leaving the country’s shores to reach Greek isles in the eastern Aegean, as…

Aegean Airlines announces preliminary deal with Airbus for up to 42 new aircraft

By F. Zois [email protected] Aegean Airlines on Wednesday announced a pre-agreement with Airbus for the purchase of up to 42 A320neo passenger aircraft. The preliminary deal calls for an initial…

Business owners protest proposed ban on ATVs on paved roads

Members of a federation representing owners of businesses leasing out vehicles to tourists on Wednesday held a “moto-rally” with ATVs outside the relevant transport ministry in Athens and through the…

Hurriyet: Erdogan links 2 Greek soldiers with 8 Turkish officers seeking asylum in Greece; rightwing MP refers to ‘exchange’

Turkish leader Recep Tayyip Erdogan has reportedly linked the issue of two Greek servicemen held in his country, after allegedly straying into the neighboring country’s territory, with the fate of…

Tuesday, 27 March 2018

Govt hastily withdraws draft bill envisioning Draconian measures for pet owners

The Tsipras government, and specifically the relevant agriculture development ministry, on Tuesday withdrew a controversial draft bill on the care, ownership and management of pets and strays in the country,…

ESM approves of 6.7-bln€ bailout tranche to Greece

The ESM’s board of directors on Tuesday approved the disbursement of a 6.7-billion-euro tranche to Greece, as part of the ongoing bailout program, according to a press release by the…

US embassy announces renovation of historic Chancery bldg

The US embassy in Athens on Tuesday announced that the US federal government has contracted with US-based Caddell Construction to renovate and rehabilitate the embassy’s historic Chancery building, designed by noted architect…

Bank deposits in Greece rise in Feb. 2018

The Bank of Greece (BoG) on Tuesday announced that the annual growth rate of total deposits held in Greek banks reached 7.7 percent in February 2018, up from 6.8 percent…