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Friday, 26 January 2018

NBG ready to sell off NPLs portfolio worth 2 bln€ to distress funds

By N. Malliara nmal@naftemporiki.gr National Bank, the most historic of Greece’s four systemic banks, is reportedly ready to sell-off a portfolio of “bad debt” to distress funds, which in tandem…

Thursday, 25 January 2018

Costamare remains robust in global container ship sector

By A. Tsimplakis atsimp@naftemporiki.gr   Costamare’s fleet continues to ply the high seas with guaranteed chartering agreements, with the Greece-based shipping company also increasing the tonnage under its management. Despite…

Statistics authority: Greek households continue to use savings in order to maintain consumption

Greek households continued to “dip” into their savings in order to maintain their rate of consumption at a fixed level, Greece’s independent statistics authority revealed this week. According to figures…

Varoufakis announces he’ll found new political party in Greece next March

Controversial former Greek finance minister Yanis Varoufakis more-or-less confirmed widespread speculation over the recent period and on Thursday announced that he’ll establish a political party in Greece, one affiliated with…

Public revenues authority promises creditors 5.6 bln€ in collected arrears over 2018

By G. Palaitsakis gpal@naftemporiki.gr The target for collection of arrears owed to the Greek state exceeds 5.6 billion euros in 2018, according to the Independent Public Revenues Authority, with the…

Commanding ND lead over SYRIZA in latest poll, although gap narrows

Main opposition New Democracy (ND) continues to enjoy a formidable lead in the latest opinion poll announced this week, although falling from its previous high marks, whereas ruling SYRIZA appears…

Ankara takes offense over Tsipras comment regarding ‘aggressive neighbor’

Ankara took umbrage with a statement by Greek Prime Minister Alexis Tsipras on Thursday at a World Economic Forum panel discussion in Davos, Switzerland, as the latter referred to an…

Latest legal challenge to block Helleniko privatization falls by the wayside

Greece’s top administrative court has rejected yet another legal challenge attempting to block a landmark privatization in the country, and specifically the iconic Helleniko land development project in coastal southeast…

Lagarde stresses reforms agenda, need for debt relief following meeting with Greek PM

International Monetary Fund (IMF) Managing Director Christine Lagarde met with Greek Prime Minister Alexis Tsipras on Thursday on the sidelines of the World Economic Forum in Davos, issuing a statement…

Mitsotakis: Tsipras, SYRIZA deceived Greek people to assume power

Μain opposition New Democracy (ND) leader Kyriakos Mitsotakis on Thursday directly accused ruling SYRIZA party, and leftist prime minister Alexis Tsipras personally, of blatantly deceiving the Greek people. ND’s president…

Latest Greek high court ruling retains statute of limitations even in case of anonymous allegation

Tax authorities’ right to conduct audits beyond a now high court-prescribed five-year statute of limitations was further curtailed this week with another Council of State (CoS) decision. Based on the…

Draghi the latest to warn Athens over NPLs, auctions

Powerful European Central Bank (ECB) President Mario Draghi on Wednesday quickly followed up the EU Commission in stressing the urgent need for the Tsipras coalition government to proceed with steps…

Taking full benefit of supercomputers in Europe 

Op-ed by Mariya Gabriel European Commissioner in charge of the Digital Economy and Society Companies able to take full advantage of digital infrastructures, process and disseminate digital products and services will be the…

Wednesday, 24 January 2018

Tsipras on fYRoM issue: Reiterates govt’s position for composite name for use in all instances

A closely watched meeting between Greek Prime Minister Alexis Tsipras and his counterpart from the former Yugoslav Republic of Macedonia (fYRoM), Zoran Zaev, on Wednesday served as the pinnacle of…

High-ranking IMF economist: Measures to render Greek debt sustainable still pending

High-ranking IMF economist Maurice Obstfeld on Wednesday was quoted by the German daily “Die Zeit” as saying that the Fund’s standing condition for more debt relief to render Greece’s debt…

Mitsotakis on fYRoM ‘name issue’: We won’t divide Greek people in order to unite other side

Main opposition New Democracy (ND) leader Kyriakos Mitsotakis on Wednesday told party cadres he’s unwilling to “allow the division of the Greek people in order to unite the Skopjians,” the…

Cyprus’ Anastasiades on fYRoM issue: Name insignificant, national interests are important

Cyprus President Nicos Anastasiades on Wednesday joined the chorus of political leaders commenting on the resurrected fYRoM “name issue” talks, stressing from Nicosia that the “name is insignificant … I…

Naftemporiki’s 3rd annual technology conference

Naftemporiki’s 3rd annual technology conference, focusing on the issue and question of “AI: A Blessing or a Threat?”, will take place on Thursday, Jan. 25, 2018, at a central Athens…

Artificial Intelligence & Transportation: What will be the impact of AI on cars, trucks and the ecosystem?

Autonomous cars and trucks, self-organizing fleets, smart containers, driverless taxis and smart cities, are just some examples of the reality to come for the transportation industry. Currently, there is significant…

GNTO participation at major tourism exhibition in Helsinki

The Greek National Tourism Organization (GNTO) participated at this year’s MATKA 2018 tourism exhibition in Finland, the largest such sector event in the Scandinavian country. GNTO operated a 60-square-meter pavilion…

Edward Rhodes explains to “N” why Americans hate taxes, and why US continues to attract world’s best and brightest

By Vassilis Kostoulas vkost@naftemporiki.gr Noted US academic Edward Rhodes detailed how the United States continues to benefit from the now entrenched notion of “brain drain” occurring elsewhere in the world,…

Commission: 40K property auctions in Greece over next 3 years

Despite heated denials by Greek government and finance ministry “sources” on Tuesday, a EU Commission compliance report this week linked with the third review of the ongoing Greek bailout nevertheless…

Spanish FinMin de Guindos: Greek debt not viable as is

Spanish Finance Minister Luis de Guindos on Tuesday appeared categorical over the issue of the Greek debt, stressing that it was absolutely not viable. De Guindos, considered the likely successor…

Tuesday, 23 January 2018

Presidential decree foresees end of ‘closed shop’ framework for pharmacies in Greece

One of Greece’s most venerable “closed shop” vocations and sectors, pharmacists and pharmacies, appears headed towards a memorandum-mandated opening, as a revised presidential decree liberalizing the relevant framework was submitted…

Greek minister to Turkish delegation: High court ruling ends extradition issue involving 8 Turk officers

Greece’s relevant justice minister on Tuesday told a visiting delegation from Turkey’s justice ministry that the possibility of the extradition of eight Turkish servicemen, who fled to Greece in the…

Finance ministry denied press reports of pledge to creditors of 130K property auctions by 2021

Finance ministry sources on Tuesday dismissed a handful of same-day local press reports claiming that the leftist-rightist coalition government has promised creditors that some 130,000 auctions of foreclosed property will…

BoG: Greece’s travel receipts reach 14.41 bln€ over Jan-Nov 2017 period

The balance of travel services increased in November 2017 by 81.4 percent compared to the corresponding month in 2016, the Bank of Greece (BoG) announced on Tuesday, while adding that…

Fitch warns of Greek systemic banks’ vulnerability

Fitch on Tuesday raised “warning bells” over Greek banks’ financial condition, with the credit ratings firm pointing to their vulnerability due to “any deterioration of the Greek operating environment due…

Cosco-led Piraeus Port Authority unveils master plan; eyes new hotels, cruise ship base

By A. Tsimplakis atsimp@naftemporiki.gr A master plan by the Cosco-managed Piraeus Port Authority (OLP) was unveiled on Monday to organizations and local governments surrounding Greece’s biggest and busiest port, as…

88 ‘prior actions’ to be implemented until end of current bailout

No less than 15 “prior actions”, what the Commission calls “key deliverables”, remain for Athens to implement in order to receive an upcoming 5.7-billion-euro low-interest bailout loan in February, as…