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Wednesday, 31 January 2018

Visiting Israeli president Rivlin meets with ND leader Mitsotakis in Athens

Visiting Israeli President Reuven Rivlin met with Greece’s main opposition leader on Wednesday a day after an emotional ground-laying ceremony for a Holocaust museum in the northern city of Thessaloniki,…

Davos: Brazil is back

Michel Temer President of Brazil This past Wednesday, I set out on my first 2018 international activity. I participated in the World Economic Forum in Davos in Switzerland. It enabled…

10 investment schemes submit expression of interest for Athens-area Alimos marina

Greece’s privatization agency, the Hellenic Republic Asset Development Fund (HRADF), on Wednesday announced that 10 investment schemes have expressed an interest for a concession to operate the Alimos marina, which…

‘N’: Minoan interested in six routes to Cyclades isles, Hania

By L. Karageorgos [email protected] Minoan Lines has reportedly submitted at least six applications to commence routes connecting the Greek mainland with the Cyclades islands and the large port city of…

Greece eyes operation ‘market exit’, with reports pointing to 7-year bond issue worth 3 bln€

By T. Tsiros [email protected] The government’s top economic team is reportedly days from commencing an “operation market exit” expected to culminate in the summer, possibly over three phases, and timed…

FinMin Tsakalotos: ‘Clean break’ after Aug.; no need for precautionary credit line

Greek Finance Minister Euclid Tsakalotos again referred to a “clean break” with creditors after the ongoing – and third consecutive program – ends in August 2018, in an interview carried…

Econ ministry: FDIs in Greece expected reach four bln€ in 2017

Greece’s relevant economy and development this week reported that direct foreign investments in the country over the first 11 months of 2017 reached 3.3 billion euros, with the overall total…

Industrial Affairs Com’t Koch head: High labor-related costs, interest rates block FDIs in Greece

By G. Kanoupakis Labor-related costs, excluding wages, along with high lending interest rates are the primary obstacles preventing more direct foreign investments in Greece, according to the head of the…

ND continues to field double-digit lead over ruling SYRIZA

Main opposition New Democracy (ND) party continues to field a double-digit percentage point lead over ruling SYRIZA in the latest opinion poll results, which were released this week. Specifically, center-right…

Tuesday, 30 January 2018

Simitis: In Greece’s best interest to solve fYRoM ‘name issue’

Former Greek prime minister Costas Simitis on Tuesday stressed that it was in Greece’s best interest to finally resolve the fYRoM “name issue”, pointing to the 1995 interim agreement as…

Greek tax authorities must be high collection rates for 2018, as per 3rd bailout condition

By T. Tsiros [email protected] The rate of collection for tax arrears this year must reach a substantial – by Greek bureaucratic standards – 84 percent, whereas seizures of bank deposits…

UN mediator Nimetz in Athens: Now the time solve fYRoM ‘name issue’

The most veteran of the “old hands” dealing with the nearly three-decade-old fYRoM “name issue”,  retired US diplomat and corporate lawyer Matthew Nimetz, reiterated on Tuesday that now is the…

Greek FM points to composite fYRoM ‘name issue’ proposal that includes term in original language, not English

Greek Foreign Minister Nikos Kotzias was highly informative on Monday evening when referring to the latest developments regarding the resurrected fYRoM “name issue” and the accompanying resumption of UN-mediated talks…

DIW Berlin Institute head predicts Greek debt ‘haircut’ in 2018

The head of the influential DIW Berlin Institute was quoted this week as saying he predicts a “haircut” of the Greek debt this year, in fact. Marcel Fratzscher added, nevertheless,…

Out-of-court settlement applications for businesses with loan arrears expected to skyrocket

By S. Zisimos [email protected] A recently inaugurated out-of-court settlement framework has adjudicated 15 cases of businesses’ arrears to banks, a figure that is nonetheless paltry but at least the start…

Monday, 29 January 2018

Israeli president Rivlin in Athens: ‘Start-up created every 8 hours in Israel’

Visiting Israeli President Reuven Rivlin on Monday reminded his Greek hosts that “a start-up is born in Israel every eight hours”, in statements during an official reception at the presidential…

Report: Lifting of cabotage for pleasure craft, yachts under review

By A. Tsimplakis [email protected] Roughly 50 vessels exceeding 50 meters in length are expected to be added to Greece’s mega-yachting sector if the existing cabotage regime is lifted for third…

UN mediator Nimetz in Athens on Tues.; DM promises to stick to ‘honorable agreement’ with Tsipras

The long-time UN mediator for the fYRoM “name issue”, Matthew Nimetz, will meet in Athens with both Greek Foreign Minister Nikos Kotzias and main opposition New Democracy (ND) party’s foreign…

ECB, Commission eye prospect of ‘bad bank’ for corporate NPLs in Greece

By N. Malliara [email protected] Creation of a “bad bank”, a long-standing proposal in the recession-battered country, has returned to the forefront over the recent period, given that Greece’s systemic banks…

Kammenos denies he’ll leave govt if ‘Macedonia’ included in possible ‘name issue’ proposal

Controversial Greek defense minister Panos Kammenos on Monday denied same-day press reports that he’ll leave the current leftist-rightist coalition government if the latter sends parliament a proposal to solve the…

400-mln€ tender for automated system to calculate road tolls expected to attract significant ιnt’l attention

By T. Igoumenidi [email protected] Several multinationals are expected to vie for a 400-million-euro contract – in the initial phase – that Greece’s infrastructure ministry will include in an international tender…

Fraport Greece reports full implementation of investment plan; Marguerite Fund buys 10% stake

By F. Zois [email protected] Major upgrades and new construction is underway at most of the 14 regional airports around the country managed by the German-Greek consortium Fraport Greece, as forecasts…

Natgas provider racing to submit proposal to EU for LNG network, bunkering

By A. Tsimplakis [email protected] The Greek side is now “working against the clock” in order to conclude necessary licenses and approvals (by at least three ministries) for the future construction…

Sunday, 28 January 2018

Reports: Turkish vessels try to block frigate carrying Greek DM in Imia sea region

Two Turkish warships on Sunday reportedly attempted to block a frigate carrying Greek Defense Minister Panos Kammenos from reaching the spot where a Hellenic Navy helicopter went down in January…

Regling: Linking debt reduction to growth rates not counter-productive

ESM Managing Director Klaus Regling expressed his certainty that linking further debt relief with growth in Greece will not be counter-productive, in comments carried by the Sunday edition of “Kathimerini”…

Saturday, 27 January 2018

ND leader following briefing by Tsipras: PM’s handling of fYRoM ‘name issue’ unconvincing

Greek Prime Minister Alexis Tsipras briefed main opposition New Democracy (ND) leader Kyriakos Mitsotakis on Saturday over the resumed negotiations this month between Athens and Skopje to finally solve the…

Friday, 26 January 2018

Tsipras eyes ‘national position’ on fYRoM ‘name issue’ ahead of meetings with opposition pol leaders

By G. Kampourakis [email protected] Greek Prime Minister Alexis Tsipras referred to the building of a “national position” regarding the resurrected fYRoM “name issue” negotiations, speaking before his briefing of Greece’s…

Bank deposits again rise in Greece over last month of 2017

Private sector bank deposits increased by 2.5 billion euros in December 2017, up from an increase of 273 million euros in the preceding month. A relevant Bank of Greece’s press…

Museum of Ancient Greek Technology opens in central Athens

The technological advancements of the ancient Greek world is on display at a new museum in the center of Athens since Jan. 8, divided into 24 themes. The Museum of…

Association of Greek Tourism Enterprises reports higher travel remittances for Jan-Nov 2017

The Association of Greek Tourism Enterprises (SETE) on Friday reported a “mixed” picture for December by a positive beginning of the year in terms of tourism flows, with Greece’s main…