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Friday, 15 December 2017

Greek state primary budget surplus at 4.658 bln euros over Jan-Nov 2017

The Greek state budget posted a primary surplus budget of 4.658 billion euros over the Jan-Nov 2017 period, down from a figure of 5.757 billion euros over the same 11-month…

Wednesday, 13 December 2017

Latest poll: ND lead over SYRIZA at 9.4 percentage points

Main opposition New Democracy (ND) party continued to field a comfortable lead over ruling SYRIZA party, although not in the “double-digit” territory it has enjoyed in previous opinion polls. According…

Unending legal saga for six former members of Greek privatization agency continues

An appellate-level prosecutor in Athens on Wednesday again recommended that six former members of Greece’s privatization fund (HRADF), who served between 2013 and 2014, be tried for not “beneficially exploiting”…

Small fee on plastic bags to be imposed as of Jan. 1, 2018

A three-cent fee will be imposed on all plastic bags in Greece as of Jan. 1, 2018, rising to seven cents in 2019, part of a central government initiative to…

Greek high court OKs US extradition request for ex-bitcoin platform operator

Greece’s Supreme Court on Wednesday approved an extradition request by the US Justice Department for Russian citizen Alexander Vinnik on charges related to a four-billion-dollar money laundering scheme using Bitcoin…

EU Court rejects Greek motion to annul Commission decision over state aid to Piraeus container port

The Court of Justice of the European Union (Curia) on Wednesday dismissed the legal arguments brought forth by the Greek state and validated a March 2015 European Commission decision ordering…

Greek 3-month T-bills raise 1.3 bln€ on Wed.; 1.6% yield

The Greek state drained 1.3 billion euros from the markets on Wednesday through the auction of 3-month T-bills, according to a statement by the semi-autonomous Public Debt Management Agency. The…

Greek lenders eye 9.5 bln€ in extra capital ‘cushions’ after looming IFRS 9 implementation, ‘stress tests’

By N. Malliara [email protected] Greek systemic lenders have reportedly forecast additional capital needs of roughly 9.5 billion euros for the coming year after the stricter International Financial Reporting Standard 9…

Govt-appointed experts’ com’t: Immediately start Helleniko project based on consortium’s master plan

By T. Igoumenidi [email protected] A committee of experts, as foreseen by Greek law and appointed by the government, this week recommended the immediate promotion of a landmark property redevelopment project…

Eurostat: One in 3 residents in Greece face ‘material, social deprivation’

Greece ranks third, from the bottom, in terms of Eurostat’s “Material and social deprivation” report for 2016, with only Romania and Bulgaria posting a worse performance. Sweden and Finland top…

Part-time, occasional work dominate new job spots created in Greece during Jan-Nov period

By S. Papapetros [email protected] Figures released by the Greek labor ministry on Tuesday show a distinct increase in the number of employed people in the country over the Jan-Nov 2017…

Tuesday, 12 December 2017

Lampsa group adds third Syntagma-area hotel to its stable

By L. Karageorgos [email protected]​ The Lampsa group this week announced that it was adding a third hotel on Syntagma Square to its stable through the long-term leasing of the Kings…

Monthly bonus allocated to low-income pensioners slashed by as much as 70%, beginning in 2018

By S. Papapetros [email protected] A monthly subsidy for low-income pensioners in Greece will be cut by as much as 70 percent, beginning in the coming year, given that that the…

Property auctions this week again cancelled in Greece’s biggest courts

Wednesday’s auctions of foreclosed property at local courts in the greater Athens area and the Aegean islands were cancelled on Tuesday, after notaries’ associations again decided to instruct members to…

Time changes in 8 OA domestic flights on Thurs.

Olympic Air on Tuesday announced changes for eight of its domestic routes on Thursday, due to a four-hour (08.00-12.00 local time) work stoppage announced by a union representing telecommunications staff…

10.444 bln€ in new arrears to state recorded up until Oct. 2017

New arrears as of October 2017 owed to the Greek state by individual and corporate taxpayers totaled an additional 10.444 billion euros since the beginning of the year, according to…

Dombrovskis: Greek program on track

European Commission Vice President Valdis Dombrovskis was the latest top European official to express confidence that still-bailout dependent Greece is making progress within the third and last adjustment program, saying…

Draft bill provision to allow marinas’ management transfer to local govts

By A. Tsimplakis [email protected] A draft billed related to the maritime tourism sector, particularly marinas, was unveiled for public deliberation on Monday by the relevant tourism ministry, with one article…

Public revenues head: 711 mln€ collected in latest voluntary undeclared incomes program

By G. Kouros [email protected] The head of Greece’s independent public revenues authority told an audience in New York City on Monday that a voluntary income declaration scheme launched in the…

Athens eyeing another market foray timed with conclusion of 3rd bailout review

The top leadership of the leftist-rightist coalition government took the “Greece is back” leitmotif on the road this week, in a bid to boost the investor and markets’ confidence in…

Govt reportedly ready to unveil e-auction platform to abolish current courtroom process

The Greek government is reportedly in the final stages of preparation for a new legal framework to hold all property auctions via an online electronic format, something that will abolish…

Monday, 11 December 2017

Stricter laws, crackdown on foreign-flagged pro vessels plying Greek waters

By A. Tsimplakis [email protected] A “cabotage-like” situation now exists in terms of foreign-flagged pleasure craft plying Greece’s waters, with a recently ratified bill including a provision banning even “one-way trips”…

Reports: Third rail provider license approved

By F. Zois [email protected] A third private rail carrier is reportedly close to entering the up-until-recently closed domestic market, with the relevant regulatory body for rail transport in the country…

Commission’s Costello: Greece will need more structural reforms for many years after end of bailout

The EU Commission’s chief auditor for the ongoing Greek bailout more-or-less again “grounded” highly optimistic forecasts in the post-memorandum period, something that the leftist government in Athens is trying to…

ND spox: Munitions manufactured in Greece by firm owned by Greek weapons dealer wound up with ISIS

Main opposition New Democracy (ND) party on Monday charged that munitions produced by a plant run by a shadowy Athens-based businessman, at the center of an abandoned defense contract involving…

Washington Post scrutinizes relationship between Greek DM and convicted ex-Trump aide Papadopoulos

The “rise and dramatic fall” of former Trump adviser George Papadopoulos and the latter’s relations with controversial Greek Defense Minister Panos Kammenos were the focus of an article this week…

Athens Int’l Airport tops 2016’s passenger total by end of Nov. 2017

Passenger traffic at the Athens International Airport (AIA) over the Jan-Nov 2017 period has exceeded the figure for all of 2016. Specifically, the first 11 months of 2017 posted an…

NPEs in Greece drop to 100.4 bln€ in Sept. 2017

The level of non-performing exposures (NPEs) in Greece in September 2017 dropped by 2.4 and 5.5 percent compared with the end of June 2017 and late December 2016, respectively. In…

Fourth review of Greek bailout to include all the thorny issues left for last

With the third review of the ongoing Greek bailout more-or-less achieved effortlessly and on time, attention will soon turn to the fourth and final review in the spring, as the…

Sunday, 10 December 2017

Body of mountain climber recovered from steep cliff on Mt. Olympus

The fire brigade on Sunday said the body of one out of two mountain climbers reported missing on Mt. Olympus, north-central Greece, has been recovered. The climber was fatally injured…