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Tuesday, 06 February 2018

One-stop-shop establishment of businesses awaits ministerial decision

  A long-awaited electronic “one-stop shop” process for establishing a business entity in Greece appears to be only days away, with a joint ministerial decision expected to stipulate the operation…

Monday, 05 February 2018

Vesselsvlaue.com for “N”: Greek shipping remains global leader

By L. Karageorgos [email protected] Greek shipping remains atop the international rankings in early 2018, based on gross tonnage, according to calculations by Vesselsvlaue.com conducted for “N”. Specifically, Greek shipping is…

Novartis probe reportedly ‘stumbles’ onto former ministers, PMs

Prosecutors investigating alleged kickbacks by the Greek subsidiary of pharmaceutical giant Novartis have transferred a voluminous case file to a relevant supreme court prosecutor, given that eight former ministers and…

Composer Theodorakis comes under sharp govt attack over his presence at fYRoM ‘name issue’ rally

The leftist-rightist coalition government on Monday took direct aim at one of Greece’s political “sacred cows”, a day after septuagenarian composer and leftist icon Mikis Theodorakis served as the primary…

Mini furor over different crowd numbers thrown out for Sunday’s ‘fYRoM name issue’ rally

The post-fYRoM ‘name issue’ rally furor in Greece on Monday revolved around how many people attended the protest in central Athens a day earlier, with the relevant public order minister…

More than 3.5 bln € expected to flow into Greek state coffers over next period

By T. Tsiros [email protected] The next Euro Working Group, set to convene on Thursday and without Thomas Wieser at its helm after six years, will again deal with the implementation…

Sunday, 04 February 2018

Organizers point to utterly successful ‘name issue’ rally; govt, FM says they’re unfazed

Α massive, even by memorandum-era standards, rally was held in central Athens early Sunday afternoon to demand a hard-line stance by the Greek government in resurgent UN-mediated negotiations over the…

Govt leaks Tsipras-Mitsotakis exchange over ‘name issue’ a day before major rally

The Greek government on Saturday leaked what it called an exchange, last week, between Prime Minister Alexis Tsipras and main opposition New Democracy (ND) leader Kyriakos Mitsotakis regarding the sensitive…

Major rally in central Athens over fYRoM ‘name issue’

A mass rally in the heart of Athens called in reaction to the resurgent fYRoM “name issue” is scheduled to proceed as planned at 2 p.m. (12.00 GMT), with organizers…

Saturday, 03 February 2018

Self-styled anarchists deface Mikis Theodorakis home over latter’s support for Sunday’s mass rally

Unknown assailants, reportedly anti-state “antifa-like” like masked youth, on Saturday threw paint and defaced the front of an Athens residence where renowned Greek composer and long-time leftist icon Mikis Theodorakis…

Friday, 02 February 2018

Greece Manufacturing PMI for Jan. 2018 continues upward trend

The IHS Markit Greece Manufacturing PMI reached 55.2 in January 2018, up from 53.1 in December, as the 50-point threshold separating growth from recession. The performance marks the eighth straight…

OECD: Greeks first among 35 surveyed countries for average number of hours worked each year

Greece remains first among European countries on the Organization for Economic Cooperation and Development’s (OECD) list of work hours – per year – put in by residents in each country,…

Tourist arrivals from Belgium to Greece reach 10-year high in 2017

Tourist arrivals to Greece from Belgium reached a 10-year high in 2017, exceeding 509,000, and posting a 12-percent increase from the previous year. The figures were cited on the sidelines…

US envoy points to watershed year for Greece in 2018

US ambassador to Greece Geoffrey Pyatt on Friday appeared confident that 2018 will serve as a watershed year for Greece’s economic recovery, while referring to a historic milestone for Greek-US…

Three expression of interest by investors for marina on Chios island

Greece’s privatization agency, the Hellenic Republic Asset Development Fund (HRADF) on Friday announced that three investment schemes have expressed an interest (Phase A) for a concession to exploit a state-owned marina on…

Govt points to threats against FM over fYRoM ‘name issue’; major rally on Sun.

Reactions over a resurgent effort this month to solve the fYRoM “name issue” continued unabated this week, with the latest development being anonymous threats against Greek Foreign Minister Nikos Kotzias,…

Top Erdogan aide vows to ‘break legs, arms’ of anyone landing on rock islets

A top adviser to Turkish President Recep Tayyip Erdogan this week continued to ramp up official Ankara’s sabre-rattling – in practically all directions – vowing to “break the arms and…

New arrears to Greek tax bureau reach 13 bln€ in 2017; 133.2 bln€ total

A noteworthy increase in arrears to the Greek state was recorded in December 2017, a month that included an installment of ever-higher income taxes, property taxes (ENFIA) and a deadline…

Thursday, 01 February 2018

Vesselsvalue.com: Value of Greek-owned fleet again exceeds 100 bln USD

By L. Karageorgos [email protected] The value of Greek-owned shipping assets has again exceeded 100 billion USD, after plunging as low as 95 billion over recent years, primarily due to a…

IMF spox reiterates that debt relief a necessary condition for participation in any greek program

A deputy IMF spokesman on Thursday stressed that the Fund continues to insist on reforms and debt relief as conditions for its participation in the Greek program. Spokesman Williamn Murray…

Korres share transfer completed

A 31-percent tranche of Greek natural cosmetics manufacturer Korres changed hands on Wednesday through the bourse transfer of 13 blocks, with a price per share at 5.08 euros, and with…

Greek FinMin: Athens has ‘expectation’ for ‘change of supervision’ status after third bailout ends

Greek Finance Minister Euclid Tsakalotos reiterated on Thursday that the still bailout-dependent country does not need a precautionary credit line after August, when the current adjustment program ends. Nevertheless, in…

EU court throws out appeal by Larco over Commission demand to return 135 mln€ in state aid

By L. Kalamara [email protected]  A ruling by the Court of Justice of the European Union (CJEU) has ruled against an appeal by Larco metals works, in south-central Greece, to overturn…

Ind’p Parliament Budget Office: Market exit does not mean end to creditors’ supervision

The last report by Parliament’s independent Budget Office, under outgoing head Panayiotis Liargovas, again expresses heightened concerns and caution over looming economic developments in the still bailout-dependent country, warning that…

Total arrears to Greece’s social security funds at 31.285 bln€ at end of 2017

By S. Papapetros [email protected]   Total arrears to Greece’s social security system, which includes only a handful of pension and health care funds at present, reached 31.285 billion euros over…

ICAP: 4% growth in market value, yoy, for high-end Greek hotels’ market value

Greece’s high-end hotels reported a marginal increase of 3 percent in terms of market value between 2016 and 2017, according to estimates included in an ICAP study, issued this week,…

Mélenchon party calls for expulsion of SYRIZA from European leftist grouping

French politician Jean-Luc Mélenchon’s Left Party (PG) on Wednesday demanded the expulsion of Greece’s ruling party, SYRIZA, from the Party of the European Left, the leftist grouping at the European…

Reports: Chinese banking giant ICBC eyes entry into Greek market

By N. Malliara [email protected] International banking giant Industrial and Commercial Bank of China (ICBC) is seriously considering its entry into the Greek market, according to reports in Athens this week.…

Wednesday, 31 January 2018

Outgoing EWG chief Wieser: Only SYRIZA in 2017 took ‘possession’ of bailout program

Outgoing Euro Working Group chief Thomas Wieser on Wednesday, in summing up his tenure at the post, said no Greek government truly took “possession” of the bailout programs shepherded by…

ECB: Stress tests for 4 Greek systemic banks accelerated; results published in May

The European Central Bank (ECB) will examine 37 euro area banks as part of the 2018 EU-wide stress test conducted with the European Banking Authority (EBA). In line with the…