English

Wednesday, 21 February 2018

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…

Company official: New FSRU in NE Greece expected to begin operation in H2 2020

Work is continuing on schedule for the installation of a floating storage regasification unit (FSRU) off the extreme northeast port of Alexandroupolis, according a spokesman for Gaslog, one of the…

Group of 17 Turkish nationals request political asylum in Greece

Seventeen Turkish nationals, self-identified as civil servants and judicial officials in the neighboring country, have requested political asylum in Greece this week, after they arrived on Monday on a small…

Regling praises progress in Greek program, still rules out ‘haircut’

ESM Managing Director Klaus Regling joined several other top European official on Monday in praising the recent performance of the Greek government in fulfilling creditor-mandated obligations, although he again ruled…

Tsipras-Merkel phone contact touches on latest Turkish provocations in Aegean, east Med

Greek Prime Minister Alexis Tsipras spoke by phone with German Chancellor Angela Merkel on Tuesday, with the resurrected fYRoM “name issue” and prickly Greek-Turkish relations reportedly dominating the short conversation.…

Helleniko, e-auctions bump bailout tranche for March; sources claim row between Greek FinMin, Draghi

By N. Bellos “Close but no cigar” more-or-less summed up the Greek government’s efforts to secure a next tranche of bailout money from European creditors, with Athens falling short by…

Sunday, 18 February 2018

Chamber: More new hotels in Greece replacing older, lower quality units

By L. Karageorgos [email protected] The tourism sector in Greece continues to appear impervious to the country’s economic implosion since 2010, with 71 hotels and 6,438 rooms added to the total…

Greek PM tours air force combat group amid spike in Turkish military activity

Greek Prime Minister Alexis Tsipras toured a Hellenic Air Force combat group (135th) on Sunday on the central Aegean island of Skyros, a visit that received closer scrutiny amid the…

TAP country manager: 493 out of 550 km in Greece portion of pipeline laid down

Construction of the 550-kilometer Greek portion of the TAP natural gas pipeline is proceeding at a fast pace, according to the newly appointed country manager for the pipeline project, Katerina…

Natgas operator, e-auctions and Helleniko main ‘prior actions’ needing implementation

Eurozone finance ministers will meet at the Eurogroup setting on Monday, a religious holiday in Greece, with one of the main topics on the agenda again expected to be Athens’…

Friday, 16 February 2018

Vaccines sector in Greece reaches 165 mln€ in value last year

By G. Sakkas [email protected] The vaccines sector in Greece for 2017 reached 165 million euros in value, while at the same time comprising a significant portion of local pharmacies’ turnover.…

Greek residential prices continue slide in 2017, but at a lower rate than in 2016

Residential prices in Greece continued to fall in 2017, but at a rate lower than in the previous year, comparatively, according to Bank of Greece (BoG) figures released this week.…

Novartis case – EU Commissioner Avramopoulos sues ‘protected witnesses’ for perjury

EU Commissioner Dimitris Avramopoulos is the latest Greek politician to go on the offensive against allegations pointing to his involvement in the Novartis kickbacks and price-fixing probe, a case that…

Man without a medical degree worked as a pathologist in public hospital for 17 years

A man who worked for 17 straight years as a pathologist in a public hospital in the northern Greece city of Kavala lacked a medical degree, it was revealed this…

Two binding offers received for majority stake in gas transmission operator

Greece’s privatization fund, the Hellenic Republic Asset Development Fund (HRADF), on Friday received two binding offers for the acquisition of 66 percent of the Hellenic Gas Transmission System Operator S.A. (DESFA). The 66-percent…

Nine investment schemes submit expression of interest for Egnatia tollway

Greece’s privatization fund, the Hellenic Republic Asset Development Fund (HRADF), on Friday announced that nine investment schemes have expressed an interest for the Egnatia Odos motorway, the longest tollway in…

Consortium comprised of China’s SCIG and Copelouzos group eye Egnatia tollway concession

A Chinese state-controlled multinational, Sichuan Communications Investment Group Co, Ltd (SCIG), has joined forces with Greece-based Copelouzos group to submit an expression of interest for the concession of the Egnatia…

Greece’s trade balance widens in 2017; exports, imports up

Greece’s balance of trade deficit widened to 21.5 billion euros in 2017, up by 2.8 billion euros in relation to 2016. According to Eurostat, Greek exports during the preceding year…

Govt spox: New aggressive action by Turkey will meet with response

The Greek government spokesman on Friday adopted a stricter position over recent Turkish military activity in the Aegean, which Athens considers and has condemned as outright aggressiveness. “If Turkey engaged…

Pending EU approval for Athens airport concession extension delays sell-off of shares

By F. Zois [email protected] The leadership of Greece’s privatization agency, the Hellenic Republic Asset Development Fund (HRADF), will travel to Brussels next week as part of efforts to overcome the…

Jan. 22 Eurogroup to decide immediate or delay disbursement of latest Greek bailout tranche

By N. Bellos [email protected] Three pending “prior actions” are reportedly stalling the disbursement of 5.7 billion euros in bailout money to Greece by European creditors, with a scheduled Eurogroup meeting…

Thursday, 15 February 2018

More Turkish violations in Aegean airspace reported on Thur.

The Turkish military continued stepped up activity in the Aegean region on Thursday, this time in the air, as Athens reported 29 violations of airspace by five Turkish warplanes. Specifically,…

Greece, Turkey share fifth place on Bloomberg’s economic misery index for 2017

Greece and Turkey now share more than often prickly relations as the two neighbors are jointly ranked fifth (20.6 points) on Bloomberg’s Misery Index, which was released on Thursday, and…