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Monday, 12 February 2018

Qatar Airways to link Doha with Mykonos this summer with 4 flights per week

Qatar Airways this week announced that it will commence a route connecting Doha with the popular Cyclades island of Mykonos, beginning on May 30, 2018. Mykonos will mark the third…

Firebomb attack outside business owned by main opposition leader’s wife

Unknown assailants used three camping gas canisters to attack the entrance of a business in central Athens owned by the wife of main opposition New Democracy (ND) leader Kyriakos Mitsotakis,…

Cosco-Trainose in ‘advanced talks’ for logistics hub

By F. Zois [email protected] Two of the most prominent multinationals that have pushed through landmark privatizations in recession-battered Greece, Chinese shipping giant Cosco and Italian rail operator Ferrovie dello Stato…

Sunday, 11 February 2018

Bodies of 2 mountain climbers located after fatal fall off gorge

The bodies of two mountain climbers from the former Yugoslav Republic of Macedonia (fYRoM) were located on Sunday on Mt. Kaimaktsalan, in extreme northern Greece, a day after they fell…

Saturday, 10 February 2018

Turkish military aggressiveness surfaces in east Med, sabre-rattling regarding Aegean

Cyprus’ foreign minister on Friday evening called the actions of six Turkish warships to try and block a Bahamas-flagged deepwater drillship from reaching block 3 in the island republic’s Exclusive…

Friday, 09 February 2018

Master plan for port of Piraeus growth along four main axes

A master plan recently unveiled by the Cosco-managed Piraeus Port Authority (PPA), the largest and busiest port facility in Greece, outlines four main axes of development over the coming years.…

Arrears owed to Greek state again fall under 100 bln€

Arrears owed to the Greek state fell under 100 billion euros as of Jan. 1, 2018, corresponding to just over 4.068 billion debtors, according to information supplied on Friday by…

Unemployment rate in Greece falls to 20.9% in Nov. 2017

Unemployment again fell in Greece during the last month surveyed, November 2017, now totaling 20.9 percent, down from 23.3 percent recorded in November 2016. According to figures supplied by the…

Mitsotakis to Mosovici: Tsipras govt ‘strangling’ society with high taxes, hiking state’s payrolll

Main opposition New Democracy (ND) leader Kyriakos Mitsotakis referred to the specter of “hyper-taxation” in the still bailout-dependent country, during his meeting on Friday with visiting EU Commissioner Pierre Moscovici,…

Govt spox: Tsipras to propose Parliament com’t of inquiry over Novartis case; opposition points to mudslinging

A government spokesman on Friday announced that Prime Minister Alexis Tsipras will propose to leftist SYRIZA party’s Parliament group the establishment of a preliminary committee of inquiry over the now…

Convicted N17 terrorist, prolilfic assassin again released from prison on 2-day furlough

Convicted “N17” assassin Dimitris Koufodinas again exited a Greek prison on Friday morning with a two-day furlough unanimously granted by a judicial council, sparking reactions by the families of victims…

Ministry: 40.6% of pensioners in Greece receive up to 500€ in monthly benefits from primary social security

By S. Papapetros [email protected] Four out of 10 pensioners in Greece current receive less than 500 euros in monthly net primary social security payments, a number that translates into more…

Thursday, 08 February 2018

EU Court says tax-free fuel at border stations with third countries violates community law

The European Court this week ruled that the sale of fuels without the imposition of a special consumer tax at petrol stations on Greece’s border crossings with non-EU third countries…

Bloomberg: Aegean Air CEO says company to order up to 50 new planes

Aegean Airlines this week announced that it will order at least 50 new airliners within the next month, company CEO Dimitrios Gerogiannis was quoted by Bloomberg as saying. He said…

Greece returns to markets again on Thurs. with 7-year bond

Greece returned to the markets on Thursday with a seven-year bond, an offering that was only temporarily postponed earlier in the week due to a mini crash in stock exchanges…

Reports: Another 2-day furlough for convicted terrorist Koufodinas

Another 48-hour furlough will be issued to convicted terrorist Dimitris Koufodinas, beginning on Friday, press reports in Athens stated on Thursday. Koufodinas has been convicted and sentenced to multiple life…

Near record prices in latest NOME-type electricity auction in Greece

By K. Deligiannis [email protected] Higher bid prices were recorded at Wednesday’s latest “NOME-type” electricity auction, the first of the current year, with the highest offer reaching 41.45 euros per MWh.…

Deal to purchase majority stake of NBG’s insurance subsidiary threatened with collapse

By N. Malliara [email protected] A full-blown feud between between US-based Calamos Family Partners and Exin Financial Services, in the Netherlands, has now found its way into the legal arena, threatening…

Wednesday, 07 February 2018

Fraport Greece begins renovation, reconstruction works at Kos airport

Fraport Greece this week reported a 20.7-percent increase in passenger traffic for 2017 at the airport it manages on the eastern Aegean island of Kos, as well as an overall…

Moscovici: ‘Light at the end of the tunnel’ appears for Greece

Visiting European Commissioner Pierre Moscovici, one of the more pro-Greek leaders in the EU, told his hosts on Wednesday that there’s “light at the end of the tunnel,” in referring…

Alt. minister says 3 ‘protected witnesses’ in Novartis case execs ‘who started to sing’

Alternate Health Minister Pavlos Polakis on Wednesday revealed that three “protected witnesses”, whose testimony over the past few months alleged the involvement of two former prime ministers and eight one-time…

SMART4SEA Conference addressed barriers & drivers to digital transformation in shipping

The 2018 SMART4SEA Conference successfully concluded on Wednesday 31st of January, at Stavros Niarchos Foundation Cultural Center (SNFCC) at the Bookcastle of the National Library of Greece, attracting 500 delegates from…

Commission forecasts Greek GDP growth in 2018, 2019 at 2.5%

By N. Bellos [email protected] The European Commission forecasts that GDP growth in Greece will total 2.5 percent in 2018 and 2019, the same forecast it made for the two years…

Carlsberg completes 100% acquisition of local brewer Olympic

By D. Alexaki [email protected] International brewer Carlsberg group has acquired full control of Greece-based Olympic Brewery, which produces and distributes the well-known “Fix” and “Mythos” brands in the country, completing…

Tuesday, 06 February 2018

State arrears to private sector reach bailout-era low in Dec. 2017 – 2.567 bln€

The Greek state’s arrears towards the private sector reached an all-time low – since the memorandum era began in 2010 – in December 2017, falling to 2.567 billion euros. The…

Zaev: Ready to accept a composite name with a geographic qualifier

Greece’s northern neighbor, the former Yugoslav Republic of Macedonia (fYRoM), as it’s recognized by Athens and international bodies, is ready to accept a geographic qualifier before the name “Macedonia”, the…

1.5 bln€ in EIB funding for TAP natgas pipeline

The European Investment Bank’s (EIB) board of directors, in a first session of 2018, on Tuesday announced that the development bank will provide funding of 1.5 billion euros for the…

Sealed Novartis case file transferred to Parliament amid political firestorm

A sealed judicial probe compiled by anti-corruption prosecutors on alleged kickbacks and price-fixing charges by Novartis’ Greek subsidiary was sent to Parliament on Tuesday, a day after sparking another political…

Reports: Greece reconsiders 7-year bond issue amid this week’s market turbulence

Greece is reportedly scrapping a decision to float a seven-year bond issue over the next few days, as stock and money markets around the world on Tuesday continued to suffer…

‘Novartis-gate’ emerges on nat’l limelight after fYRoM ‘name issue’; opposition points to judicial manipulation

Media attention and political clashes were immediately diverted on Monday from a mass rally in favor of a hard-line stance vis-a-vis the resurgent fYRoM “name issue” to the reassignment of…