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Thursday, 15 March 2018

Video by pro-govt site purportedly shows 3 Turkish servicemen involved in coup

A pro-government media outlet in neighboring Turkey on Thursday posted a video allegedly showing three out of eight Turkish servicemen, who fled to Greece in the wake of a foiled…

Measles resurfaces in Greece; 2,099 cases in 2018 so far

Instances of measles around Greece since the beginning of the year have reached 2,099, as the previously rare but highly contagious infectious virus appears to be making a comeback due…

Aegean announces improved results for 2017

Greek carrier Aegean on Thursday announced financial results for 2017, showing an 11-percent rise in consolidated revenue at 1.127 billion euros.  Aegean said its revenues from international routes boosted consolidated…

Govt’ ‘temporarily suspends’ evaluation process for Greek civil servants

A relevant minister on Thursday announced that an evaluation process for civil servants in Greece’s cavernous public sector will be “temporarily suspended”, following a request by the union representing employees…

Reports: No interest for purchase of 5% stake of OTE submitted

By T. Igoumenidi tigoum@naftemporiki.gr No interest was reportedly expressed by Thursday’s deadline for a 5-percent stake in the Hellenic Telecommunications Organization (OTE) held by Greece’s privatization fund – the last…

Temporary injunction to keep Mega TV on the air

A president of Greece’s Council of State (CoS), the country’s administrative court, on Thursday issued a temporary injunction against a decision by a broadcast watchdog authority to stop the transmission…

OECD report: Greece 10th globally in terms of int’l tourist arrivals

Greece ranks 10th in the OECD’s report “Tourism Trends and Policies 2018” as a global holiday destination. The report was unveiled on Wednesday. In 2016, Greece attracted 2807 million tourists…

Dep. PM, econ minister: Precautionary credit line after program’s end would mean another memorandum

Deputy Prime Minister and recently appointed Economy Minister Yannis Dragasakis on Wednesday reiterated his categorical opposition to the prospect of a precautionary credit line for Greece after the third bailout…

Vandals again target banks in central Athens

Masked perpetrators, allegedly belonging to the so-called “anti-establishment” movement, again carried out attacks against banks’ storefronts and ATMs in the center of Athens on Wednesday morning. According to reports, some…

Mitsotakis meets with US officials in D.C.; talks focus on Greek economy, regional developments

Main opposition New Democracy (ND) leader Kyriakos Mitsotakis emphasized his plan for attracting much-needed foreign direct investments to Greece, in contacts on Wednesday during on the second day of his…

Dominant power utility to reportedly enter natgas market

Greece’s Regulatory Authority for Energy (RAE) has reportedly approved the entry of the dominant power utility in the country, the Public Power Corp. (PPC), into the natural gas market. The…

Wednesday, 14 March 2018

Regling repeats opposition to ‘haircut’ for Greece, says reforms imperative

ESM Managing Director Klaus Regling on Wednesday remained steadfast in his position that Greece does not need a “haircut” of its debt, but rather should focus on reforms in order…

Conditional ‘OK’ by Piraeus municipality to port authority’s master plan

A “master plan” presented by the Cosco-managed Piraeus Port Authority (PPA) received a conditional “green light” by the municipality of Piraeus this week, with the city’s mayor, Yannis Moralis, saying…

Notaries’ association disputes claims by protestors that primary residences are up for auction

More protests, including skirmishes between protestors and riot police, greeted Wednesday’s electronic auctions of foreclosed real estate in the greater Athens area, with a relevant notaries’ association charging, afterwards, that…

Greek primary budget surplus at 2.75 bln€ in Jan-Feb 2018

The Greek state budget posted a primary budget surplus of 2.752 billion euros in the first two-month period of 2018, exceeding a budget goal of 1.307 billion euros. The same…

Mitsotakis from Boston: You need to ask Mr. Tsipras about Mr. Savvidis

League-leading AEK Athens this week made good on its promise to seek recourse to a relevant sports prosecutor over the incidents that took place on Sunday evening at the Toumba…

Greece raises 813 mln€ with 52W T-Bills; yield of 1.25%

Greece’s public debt management organization on Wednesday announced the auction of EUR 625 million euros of 52W T-Bills, with total bids reaching 1.986 million euros, and with the amount finally…

Athens Int’l Airport picks up top award for Europe in 15-25-mln passenger category

Athens’ Eleftherios Venizelos International Airport (AIA) picked up the first-place award bestowed by the Airports Council International / ACI World for passengers’ satisfaction, in the category of European airport with…

EU’s Costello: Greece needs sustainable growth even more than debt relief

Greece needs more sustainable development in tandem with debt relief, as a condition for a long-term recovery, the EU Commission’s chief auditor, Declan Costello, said on Tuesday evening. Speaking at…

Tuesday, 13 March 2018

Significant hike in natgas operator’s profits expected to positively affect privatization bids

Significantly improved results in 2017 and noteworthy cash reserves are expected to positively affect international bids for the Hellenic Gas Transmission System Operator S.A. (DESFA), a memorandum-mandated privatization. For instance, after-tax…

Bids for Forthnet; sale of 5% stake of OTE expected this week

By T. Igoumenidi                                                                                                                                                tigoum@naftemporiki.gr This week is expected to witness a couple of major developments in Greece’s telecoms sector, as Thursday marks a deadline for the submission of bids for…

FIFA delegation in Athens over ‘football crisis’

FIFA has responded to a letter by Greece’s sports minister this week and a controversial decision by the Tsipras government to suspend the Greek pro football league (Superleague) indefinitely in…

Ivan Savvidis resurfaces with apology

Controversial and erstwhile fugitive Ivan Savvidis on reappeared on Tuesday , at least via an issued statement, and offered an apology for his behavior and Greek fans some 48 after…

Private construction sector recovers in 2017 after 11 consecutive years of recession

The private construction sector in crisis-battered Greece posted a recovery in 2017, after 11 years of recession, according to the independent statistics authority in the country. Overall, the construction sector…

Mild quake recorded off Ionian isle of Zakynthos

A mild earthquake measuring 4 on the Richter scale was recorded at 1 p.m. (11 GMT) on Tuesday south of the Ionian island of Zakynthos, according to a revised estimate…

Police union asks whether PAOK owner Savvidis enjoys ‘asylum’ against prosecution

A union representing police officers in Greece on Tuesday issued a damning statement over Sunday evening’s interrupted pro football match between PAOK Thessaloniki and AEK Athens on the former’s pitch,…

Labor-related costs up 2.7% in Q4 2017

Labor-related costs increased by 2.7 percent in the fourth quarter of 2017, excluding the primary production sector and households’ activities, according to figures released by Greece’s independent statistics authority (EL.STAT)…

Motoroil reports improved results for 2017

Greece-based Motor Oil reported increased turnover for 2017 by 1.49 billion euros, or 23.39 percent higher than results in 2016. Total turnover exceeded 7.84 billion euros in 2017, up from…

Next 100 days crucial for post-bailout Greek finances, economy

By T. Tsiros ttsiros@naftemporiki.gr The IMF and European creditors are again reportedly at odds over the Greek program, months before the third bailout is expected to be concluded in August,…

Monday, 12 March 2018

Political fallout continues over violent scenes, gun-toting at Thessaloniki football match on Sun.

Political fallout continued across the political spectrum in Greece on Monday after the previous evening’s interruption of an important professional football match in the northern city of Thessaloniki, as images…