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Tuesday, 27 March 2018

Greek DM minister, junior coalition partner again outlines opposition to fYRoM ‘name issue’ prospects

The Greek coalition government’s junior partner, right-wing Defense Minister Panos Kammenos, on Tuesday again expressed his small populist party’s opposition to use of the term “Macedonia” in any solution to…

Monday, 26 March 2018

Greek primary budget exceeds target in first two months of 2018

Greece posted a primary budget surplus of 2.75 billion euros in the first two months of 2018, beating a target of 1.3 billion euros, and up 28.9 percent from the…

Tusk expresses EU concerns to Erdogan over incidents in Aegean, east Med and fate of 2 Greek servicemen

European Council President Donald Tusk told reporters on Monday evening, after the conclusion of a closely watched EU-Turkey summit in the Bulgarian port city of Varna, that he expressed his…

Survey: Anti-Europe sentiment falling in Greece; nearly 30% of respondents believe in ‘chemtrails’

A noteworthy sample of respondents in Greece, 28.7 percent, in fact, recently told pollsters they believe the long-lasting condensation emissions of high-flying aircraft are indeed “chemtrails”, an “urban legend” that…

Mitsotakis doubt prospect of a ‘clean exit’ after bailout ends in Aug

Main opposition leader Kyriakos Mitsotakis expressed reservations over whether the country will achieve a “clean exit” from the bailout era when the current memorandum ends in August, as the prospect…

Commission sources: Greece first in terms of Juncker plan financing, compared to GDP

By V. Kostoulas [email protected] Recession-battered Greece ranks in first place in terms of financing from the so-called “Juncker plan”, in relation to its GDP, Commission sources said last week, a…

High court validates acquittal of shipowner, club owner Marinakis on match-fixing charges

The criminal division of Greece’s supreme court on Monday validated the acquittal of well-known Greek shipowner and football club owner Vangelis Marinakis on a handful of felony charges related to…

Badly decomposed bodies of two people discovered in abandoned border village

The badly decomposed bodies of two people were found in an abandoned village in the Alexandroupolis border district over the weekend. The site was identified as the Potamos settlement inside…

Dromeus Capital picks up 2 Athens office bldg. properties auctioned off by Ethniki Leasing

By T. Igoumenidi [email protected] A Greece-based investment fund, Dromeus Capital, submitted the highest bid last week for two out of four properties put on the auction block by National Bank…

New EWG head insists on ‘reinforced supervision’ for Greece after latest bailout ends

The new head of the Euro Working Group (EWG), Hans Vijlbrief, on Monday was quoted by the Athens daily “Ta Nea” as requesting “reinforced supervision” of Greece’s finances by institutional…

Alpha Bank transfers NPL portfolio worth 3.7bln€ to distress fund

Greek systemic lender Alpha Bank on Friday completed the transfer of a portfolio containing non-performing loans (NPLs) – mostly consumer borrowing without collateral – worth 3.7 billion euros, to Ultimo…

Official handover of Thessaloniki Port Authority to private investors on Mon.

By V. Vegiri [email protected] The new board of directors at the Thessaloniki Port Authority (OL.Th), following the successful privatization of northern Greece’s biggest port, will be called upon to quickly…

EU sources: Aid to Greece for refugee/migrant crisis up to 1.5 bln€ up to 2018

The European Union has so far allocated roughly 1.5 billion euros towards managing irregular migrant and refugee flows targeting Greece from neighboring Turkey and other third countries, with 750 staff…

Sunday, 25 March 2018

Commemorations of Greek Independence Day held amid specter of continued incarceration of 2 servicemen

Greece and Greeks around the world on Sunday celebrated the 197th anniversary of the 1821 War of Independence, with customary parades around the country and the ubiquitous high-profile statements by…

Friday, 23 March 2018

Prosecutor refers allegations against well-known shipower to investigating judge

A Greek proseuctor on Friday referred allegations of establishing a criminal enterprise as well as drug smuggling against well-known Greek shipowner Vangelis Marinakis, the owner of Greek football giants Olympiacos…

Energean finalizes project for exploitation of 2 natgas deposits in Israeli waters

Energean Oil & Gas this past week said a total investment of 1.6 billion euros to exploit a pair of major deposits – Karish and Tanin – in Israeli waters…

Lamda awaits next steps by state in order to begin Helleniko project; casino license pending

By T. Igoumenidi [email protected] Lamda Development is busily working to fulfill all of its obligations related to a closely watched concession for the Helleniko privatization at the old Athens airport…

Eldorado Gold expects arbitration for Skouries to conclude in April; technical study sumbitted this month

By L. Kalamara [email protected] Canadian mining giant Eldorado Gold expects the arbitration process pitting its Greek subsidiary, Hellas Gold, and the Greek state to be completed by early April, as…

Greek FM Kotzias in Skopje for talks on ‘name issue

Greek Foreign Minister Nikos Kotzias continued Athens’ “friendship offensive” vis-a-vis the former Yugoslav Republic of Macedonia (fYRoM) on Friday, calling the latter a “friendly northern country”, during a press conference…

Trump hosts annual White House Greek Independence Day celebration

US President Donald Trump on Thursday hosted the annual White House commemoration of Greece’s Independence Day (March 25). Greek Orthodox Archbishop of America Demetrios led the Greek delegation at the…

EU condemnation of Turkey for provocations in Aegean, east Med; Ankara reax

European Union leaders on Thursday made good on their promise to rebuke an increasingly erratic Turkish government over its recent provocations in the eastern Aegean and eastern Mediterranean. A text…

Thursday, 22 March 2018

Thessaloniki Port Authority transfer to consortium hours away; 231.9 mln euros reportedly paid to privatization fund

By V. Vegiri [email protected] The transfer of 67 percent of the Thessaloniki Port Authority’s (OL.Th) shares to a special investment vehicle set up by the consortium that won an international…

Mitsotakis: 2 Greek servicemen must be immediately released

Main opposition leader Kyriakos Mitsotakis on Thursday reiterated from Brussels that two Greek servicemen still being held by Turkish authorities must be immediately freed. The head the poll-leading New Democracy…

Reuters: EU leaders expected to scold Turkey over E. Med provocations

European Union leaders are expected to scold Turkey for its saber-rattling in the eastern Mediterranean, part of its efforts to block oil and gas exploration in Cyprus’ Exclusive Economic Zone…

19th Annual Renewable Energy Finance Forum Europe in London next May

REFF Europe, the European edition of Euromoney’s flagship franchise of renewable energy finance forums, returns to London in May 2018. “Naftemporiki” is a communications sponsor of the event, with “N” subscribers…

US amb: Washington neither ‘washing its hands’ nor a referee, when asked about issue of 2 Greek servicemen

The high-profile US ambassador to Greece on Thursday again took a position on a timely and sensitive matter taking up Athens’ attention, namely, the continued incarceration of two Greek servicemen…

Tsipras’ congratulations to Putin

Greek Prime Minister Alexis Tsipras spoke by phone on Thursday with newly re-elected Russian President Vladimir Putin, extending his congratulations to the latter. According to a press release issued by…

Wednesday, 21 March 2018

Registered unemployed persons in Greece at 1.081 mln in Feb. 2017

Registered unemployed people fell by nearly 15,000 in February 2018, compared with the same month in 2017, a reduction of 1.35 percent. The jobless rolls also showed nearly 12,000 people…

Greek shipping increases its share of global fleet

By L. Karageorgos [email protected] Greek-controlled shipping increased its share of the global fleet, according to recent data by IHS Markit, which was processed this week by the London-based Greek Shipping…

Arrears to Greek state increase by 766 mln€ alone in Jan. 2018

Another 766 million euros were added in January 2018 to the category of arrears owed to the Greek state, with the overall figure now exceeding 101 billion euros. Based on…