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Tuesday, 20 March 2018

Mitsotakis requests mediation by Qatar Emir over issue of 2 Greek servicemen held in Turkey

Greece’s main opposition political leader, Kyriakos Mitsotakis, has requested the mediation of Qatar Emir Tamim bin Hamad Al Thani in efforts to resolve the issue of two Greek servicemen still…

First phase of extending power grid to Cyclades inaugurated; Commission annoyance over failure to mention EU funding

The Greek state will save up to 80 million euros a year in reduced power subsidies for a handful of Cyclades isles, following the recent completion of a first phase…

Another incident reported on Greek-Turkish border; four intoxicated men allegedly involved

Another bizarre incident was reported on the Greek-Turkish border overnight at the Kastanies site, as four Turkish men, which reports claim were heavily intoxicated, tried to pass into Greece from…

Monday, 19 March 2018

Romanian central bank blocks sale of NBG’s subsidiary in the country

The sale of National Bank (NBG) subsidiary in Romania, OTP Bank Romania, has stumbled upon the refusal of Romania’s central bank to approve the deal. OTP had filed a request…

Broadcaster to demand minister reverse indefinite suspension of Greek pro football games

The digital satellite pay broadcaster that holds the rights to Greece’s football “Superleague” will reportedly demand that a relevant sports minister allow a resumption of play, following an indefinite suspension…

BoG: Primary budget surplus of two bln€ in Jan-Feb 2018

The Bank of Greece (BoG) on Monday announced that the central government cash balance recorded a surplus of 843 million euros over the first two months of 2018, compared to…

ETUI study: Wages in Greece down by 19.1% since 2010; tops relevant EU list

A study by the European Trade Union Institute (ETUI), released on Monday, notes that wage-earners in nine EU countries, including Greece, are worse off now than they were – as…

Greek president congratulates London-based Cypriot teacher for int’l distinction

Greek President Prokopis Pavlopoulos on Monday extended his congratulations to UK-based Cypriot teacher Andria Zafirakou, who picked up the global best teacher prize over the weekend. Zafirakou teaches art and…

BoG Gov: Greece needs ‘investment shock’ in order to adopt new growth model

Bank of Greece (BoG) Gov. Yannis Stournaras on Monday reiterated that recession-battered Greece needs an “investment shock” in order to adopt a new and outward-looking economic growth model. Stournaras spoke…

32 mln ferry boat passengers in Greece for 2015; Piraeus top EU port

Greece’s coastal shipping sector – excluding cruise ships – still ranks as one of the largest in Europe, as 17 percent of all passengers transported by sea in the Union…

Dombrovskis: Creation of a ‘bad bank’ a decision for Greece to take

European Commission VP and Commissioner for the Euro and Social Dialogue Valdis Dombrovskis emphasized that the creation of a “bad bank” to better deal with the acute problem of non-performing…

Govt spox denies ‘rift’ between coalition partners; Tsipras-Kammenos meeting on Tues.

A government spokesman on Monday morning announced that Greek Prime Minister Alexis Tsipras will meet with his junior coalition partner, Defense Minister Panos Kammenos, on Tuesday, as press speculation continued…

Press reports claim ‘clouds’ in ‘strange bedfellows’ coalition govt; sources deny any fall-out

By G. Kampourakis [email protected] Government sources at the beginning of the week dismissed media reports of a “fall-out” between Prime Minister Alexis Tsipras and his junior partner, Defense Minister and…

Goal for 2018 tourism season is 1mln Russian holiday-makers

By L. Karageorgos [email protected] One goal for the 2018 tourism season, according to the relevant ministry at least, is for more than one million holiday-makers from Russia. Tourism Minister Elena…

E-auctions for foreclosed properties by the state to commence on April 27

By G. Palaitsakis [email protected] Electronic auctions of foreclosed real estate for arrears to the state – primarily back taxes, by taxpayers and legal entities – debut on April 27 in…

Sunday, 18 March 2018

Three binding offers for purchase of Forthnet

By T. Igoumenidi [email protected] Vodafone and Wind, two of the three major mobile phone and telecoms operators in Greece, along with Providence in tandem with the local Antenna media group…

Coast guard fails to find more survivors after migrant smuggling vessel sinks off Agathonisi

A search-and-rescue operation by the Greek coast guard has failed to turn up any survivors or bodies in a sea region off the extreme eastern islet of Agathonisi over the…

Friday, 16 March 2018

Αnnual inflation rate at 0.4% in Feb. 2018 in Greece

The inflation rate in Greece was recorded at 0.4 percent in February 2018, slightly up from the previous month’s 0.2 percent, but still hovering at subdued levels. Inflation during the…

US envoy: Athens, Washington have same interests vis-a-vis Turkey

Athens and Washington have the same interests vis-a-vis Turkey, was the way the US ambassador to Greece, Geoffrey Pyatt put it, in statements from the northwest lake-side city of Ioannina…

Privatization fund extends ‘right of first refusal’ to DT for 5% OTE stake; price tag at 284 mln€

By T. Igoumenidi [email protected] Approximately 284 million euros will flow into Greek state coffers from the sale of 5 percent of telecoms provider OTE’s share capital, assuming that Deutsche Telekom…

3% drop in smartphone market in Greece, yoy, in 2017; Samsung, Huawei No. 1, No. 2

By T. Igoumenidi [email protected] The value of the retail smartphone sector in Greece reached 502.3 million euros in 2017, down 3 percent from 2016, when it reached 518.6 million euros.…

Japan Tobacco to purchase Savvidis-owned SEKAP

Northern Greece tobacco company SEKAP, which found itself in the middle of a political furor in the recent period, will reportedly pass into the control of Japan Tobacco group as…

Cyprus Airways to resume Athens-Larnaca route with two flights per week; four after June 1

Cyprus Airways this week announced that it was resuming a route between the Larnaca and Athens, beginning with two flights a week as of March 29, and four flights a…

Appeals unanimously council rejects latest extradition bid for 8 Turk servicemen seeking asylum in Greece

An Athens appeal council has rejected an extradition request by Turkish authorities for eight Turkish army servicemen that fled to Greece and requested political asylum in the wake of a…

Athens-based Energean eyes US$500 mln from London IPO; funds to exploit Israeli offshore fields

Athens-based Energean Oil & Gas wants to raise approximately US $500 million through an initial public offering (IPO) in London, in order to develop its natural gas and oil concessions…

Reports: Prosecutor recommends rejection of latest extradition request for 8 Turkish servicemen

A relevant prosecutor in Athens has reportedly recommended that the latest extradition request by Turkish judicial authorities for eight Turkish servicemen that fled to Greece in the wake of a…

Mitsotakis: Turkey must free 2 Greek servicemen

Main opposition New Democracy (ND) president Kyriakos Mitsotakis referred to an “increased Turkish provocations” in the Aegean over the recent period, in statements to members of the Greek-American community in…

Fraport Greece: Renovations, upgrades at all 14 regional airports completed by 2021

Germany’s Fraport, the lead partner in the Fraport Greece consortium, said renovations and upgrades at half of the 14 airports it manages in the east Mediterranean country will have been…

Thursday, 15 March 2018

Jobless figure in Q4 2017 again exceeds one-million mark

Unemployment in Greece increased in the last quarter of 2017, reaching 21.1 percent, up from 20.2 in the previous (third) quarter, according to figures released by the country’s independent statistics…

ND retains double-digit lead over ruling SYRIZA in latest poll

Main opposition New Democracy (ND) party continues to field a double-digit percentage point lead over ruling SYRIZA in a latest opinion poll, whose results were broadcast on Thursday evening. Specifically,…