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Monday, 26 February 2018

Antonopoulou resigns over 23K received as housing stipend

Alternate Labor Minister Rania Antonopoulou resigned on Monday, only a few days after an embarrasing report emerged that she had applied for and received up to 23,000 euros in a…

Journalist Vaxevanis arrested after libel lawsuit filed by ex-PM Samaras

A high-profile local investigative journalist and newspaper publisher was arrested on Monday outside an Athens courtroom on a warrant stemming from a malicious libel lawsuit brought against by former Greek prime…

Furor over 1,000-euro housing stipend to one of Cabinet’s wealthiest members

A revelation that one of the current government’s wealthiest ministers has requested and received a 1,000-euro monthly housing stipend continued to cause a stir on Monday, with a government spokesman…

Grenade lobbed near east Athens police station on Mon.

Unknown assailants made a half-hearted attempt to attack an east Athens area police precinct (Kesariani district) on Monday morning, lobbing a hand grenade some 30 meters away but injuring a…

BoG Gov details requirements for Greek economy to return to sustainable growth

Bank of Greece (BoG) Gov. Yannis Stournaras this week referred to what he called requirements for sustainable growth on the part of the Greek economy, speaking at the 85th annual…

‘Giga carrier’ arrives at port of Piraeus on Monday

The biggest vessel in recent memory to arrive at the port of Piraeus, Greece’s largest and busiest port, is expected to dock at the port on Monday. The brand new…

Labor Minister promises hike in minimum monthly wages after current bailout ends

By S. Papapetros [email protected] Greece’s relevant social insurances and labor minister stressed, in an interview with “N”, that the government’s “central political goal” is to increase the minimal monthly wage…

Sunday, 25 February 2018

Creditors’ auditors back in Athens on Mon. – Bevy of austerity measures on agenda

Institutional creditors’ top auditors return to Athens on Monday to commence negotiations aimed at concluding the fourth, and last, review of the ongoing bailout for Greece. Moreover, the third successive…

Tesla to enter Greek market this year

By J. Kanoupakis [email protected]   Cutting-edge automobile manufacturer Tesla, a pioneer in high-end electric cars, will officially enter the Greek market this year, confirming an initial report by “N” last…

Saturday, 24 February 2018

ND retains 9.7-percentage point lead over ruling SYRIZA in latest opinion poll

Main opposition New Democracy (ND) party retained a comfortable lead over ruling SYRIZA party in the latest opinion poll, published over the weekend, although falling just short of previous double-digit…

Elafonisi 11th on TripAdvisor list for world’s top beaches; 3 on best of Europe list

Elafonisi, tucked away in the southwest corner of Crete, is included in TripAdvisor’s 2018 list for the best beaches in the world, a ranking based on its users’ preferences. Elafonisi…

Friday, 23 February 2018

Tsipras at informal EU summit: Turkey must respect int’l law

Greek Prime Minister Alexis Tsipras on Friday emphasized that Turkey, an EU candidate-state, must fully respect international law, speaking on the sidelines of an informal EU summit in Brussels. Amid…

Tsipras-Merkel talks touch on fYRoM ‘name issue’

Greek Prime Minister Alexis Tsipras referred to fYRoM “name issue” negotiations on Friday in talks with German Chancellor Angela Merkel, on the sidelines of an informal EU Summit in Brussels,…

Turkey steps up provocations in Cyprus’ EEZ

A drilling ship operated by Italian multinational ENI is reportedly departing from Cyprus’ EEZ, hours after a Turkish frigate nearly rammed the vessel, according to Cypriot media. The Saipem 12000…

Thursday, 22 February 2018

BoG: 2017 a record-breaking year for travel receipts, arrivals to Greece

Travel receipts for Greece increased by 10.5 percent in 2017, compared to 2016, reaching 14.596 billion euros, while the number of visitors to the country also increased by 9.7 percent…

Reuters: Greek high court clears major hurdle for closely watched Helleniko privatization

Reuters quoted Greek judicial sources on Thursday afternoon in reporting that the Council of State (CoS), Greece’s highest administrative court, has ratified a presidential decree that includes a Comprehensive Development…

High court considers Tsipras govt’s petition to overturn asylum decision for Turkish officer

A Council of State (CoS) board of appeals on Thursday discussed a petition by the Tsipras government to overturn an independent authority’s previous decision to grant political asylum to one…

Novartis case continues to generate bitter political clashes in Greece

Fallout continued on Thursday from the previous day’s acrimonious debate in Parliament prior to a vote to establish a committee of inquiry related to a controversial indictment that itself is…

Moody’s upgrades Greece’s rating to B3, maintains positive outlook

Moody’s on Wednesday upgraded Greece’s issuer rating to B3 from Caa2, while the country’s senior unsecured bond and program ratings were also upgraded to B3/(P)B3 from Caa2/(P)Caa2. As expected, Moody’s…

Irish President Higgins in Athens on Thur.

Greek Prime Minister Alexis Tsipras will receive the President of Ireland, Michael D. Higgins, on Thursday at his Maximos Mansion office, according to a press release on Wednesday.…

Wednesday, 21 February 2018

Moody’s upgrades Greece’s rating to B3, maintains positive outlook

Moody’s Investors Service, (“Moody’s”) has today upgraded Greece’s issuer rating to B3 from Caa2. Greece’s senior unsecured bond and program ratings were also upgraded to B3/(P)B3 from Caa2/(P)Caa2. The outlook remains positive. The…

High pitched political clash over Novartis case in Parliament

Political acrimony on Wednesday reached an even higher pitch than usual in Greece during a Parliament debate on the establishment of a committee of inquiry to investigate a transferred indictment…

More Turkish violations in Aegean airspace reported on Wed.

More violations by Turkish warplanes in the eastern Aegean were reported on Wednesday, with four fighters planes, two F-16s and two F-4s, flying over several islets in the Fourni complex,…

Report: Last main legal hurdle for Helleniko project expected to be cleared this month

By T. Igoumenidi [email protected] A much-anticipated decision by the Council of State (CoS) to approve a presidential decree that is considered as the last main bureaucratic hurdle standing before the…

Study: SMEs in Greece face challenges in bid to grow, produce

By J. Kanoupakis [email protected] Greece’s largest employers’ federation, SEV, this week expressed concerns over the performances by the country’s small-to-medium business (SMEs) sector, compared to European averages. SMEs in Greece…

Headless statue of Aphrodite discovered during construction work at Thessaloniki metro

A headless statue believed to depict the ancient goddess Aphrodite has been uncovered at a construction worksite for the metro project in the northern Greek city of Thessaloniki. The statue…

Tuesday, 20 February 2018

Govt eyes another bond market foray after expected upgrade by Moody’s in March

Moody’s is expected to close out the most recent cycle of Greece’s credit rating upgrades, as the former – by all accounts — will follow Standard and Poor’s – last…

EU Commissioner Avramopoulos on Novartis case: Scum behind conspiracy will face justice

EU Commissioner Dimitris Avramopoulos on Tuesday was the latest Greek politician – one of 10 implicated in an indictment involving the Greek subsidiary of drug manufacturer Novartis – to lash…

Vote on Parliamentary com’t of inquiry; 10 current, past lawmakers on Wed.

Greece’s often Kafkaesque political arena will take an even stranger turn on Wednesday, as 10 individual ballot boxes will be set up in Parliament for deputies to vote for or…

Notary association president: Nationwide e-auctions in Greece as of Feb. 28

The stepped and universal commencement of electronic auctions of foreclosed real estate will commence in Greece on Feb. 28, according to the president of an association of notaries in the…