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Friday, 08 December 2017

BoG license for 10 companies so far in debt management sector

By N. Malliara [email protected] A total of 10 companies have received licenses by the Bank of Greece (BoG) to enter the domestic risk credit management sector, as efforts to reduce…

Still bailout-dependent Greece still lags behind EU, EZ in GDP growth rate

Greece’s crucial need for economic recovery is still plagued by the lowest growth rates in Europe and the Eurozone, Eurostat announced on Thursday, after released updated figures and forecasts. The…

Thursday, 07 December 2017

Fraport Greece revises, upwards, its passenger target for 2018; level of capital investment

By F. Zois [email protected] Fraport Greece’s revised goal for 2018 is an increase in passenger traffic by 5 percent from this year’s figure, which if compared to the previous year,…

State arrears to private sector fall to 3.458 billion euros in Oct. 2017

The finance ministry on Thursday announced that state arrears to the private sector were reduced by 101 million euros last month, bringing down the total to 3.458 billion euros. The…

Athens rejects, unofficially, any idea of revising Lausanne Treaty; praises Erdogan comments on other issues

The Greek government issued a “non-paper” hours after Prime Minister Alexis Tsipras received Turkish President Recep Tayyip Erdogan at his office in Athens, shortly after the outspoken Turkish leader’s direct…

Erdogan touches on everything from Jerusalem, to migrant crisis to Lausanne Treaty in wide-ranging press con’f

Turkish leader Recep Tayyip Erdogan readily answered various questions dealing with bilateral and international issues on Thursday in Athens, with Greek Prime Minister Alexis Tsipras at his side, during a…

Tsipras reiterates Greek positions in press con’f with Erdogan; ‘no’ to treaty revision

Greek Prime Minister Alexis Tsipras received visiting Turkish President Recep Tayyip Erdogan at the Maximos Mansion government house in Athens on Thursday for wide-ranging talks, followed in close order with…

Greek president to Erdogan: Treaties neither need revision nor updating

Greek President Prokopis Pavlopoulos, a veteran politician and constitutional expert by training, said treaties neither need revision or updating, in reply to Turkish President Recep Tayyip Erdogan’s opening statements at…

Erdogan points directly to revision of Lausanne Treaty in meeting with Greek president

Turkish President Recep Tayyip Erdogan wasted no time on Thursday in laying out a ground-breaking agenda for talks with the Greek government, citing a need to revise a landmark international…

Plane carrying Erdogan arrives in Athens

A plane carrying Turkish President Tayyip Recep Erdogan has landed at the Athens International Airport (AIA), as the latter will begin a two-day official visit to the country. This is…

Wednesday, 06 December 2017

Street violence reported on anniversary of teen’s shooting by policeman in 2008

Twenty three people were detained in central Athens on Wednesday evening during violent but more-or-less contained street protests commemorating the anniversary of a 16-year-old’s fatal shoring by a police officer…

No term renewal for head of Parliament’s independent Budget Office

The head of the Parliament’s independent Budget Office, Panagiotis Liargovas, will by all accounts not return for a second term, with a majority of members of a relevant committee on…

Greek state bond yield drop to 8-year low

The yield for a 10-year Greek benchmark bond fell to 4.8 percent on Wednesday, a new eight-year low. The last time such a bond was under 5 percent was in…

Erdogan says Tsipras promised to extradite alleged coup participants to Turkey within 15-20 days

Turkish President Recep Tayyip Erdogan expressed a view that all treaties, such as the landmark 1923 Lausanne Treaty, need to be updated, in statements given as part of an interview…

German media: Erdogan visit to Greece part of effort to re-approach EU

Turkish president Tayyip Recep Erdogan’s closely watched official visit to Greece, beginning on Thursday, has attracted the attention of German media this week, with a dispatch circulated by Hannoversche Allgemeine…

Tsipras says his govt has changed its mind over inclusion in QE program

Greek Prime Minister Alexis Tsipras on Wednesday downplayed the prospect of the still bailout-dependent country seeking inclusion in the ECB’s “quantitative easing” bond-buying program, roughly a year after Athens had…

Employers’ group (SEV) to propose Evangelos Mytilineos as next president

Well-known businessman Evangelos Mytilineos, the head of the same-name international mining and metals group, will, by all accounts, be the next president of the Hellenic Federation of Enterprises (SEV), which…

Thessaloniki, Alexandroupolis port privatizations attract increased attention; comment by US envoy

The pending transfer of the Thessaloniki Port Authority’s (OLTh) management – via the purchase of a majority stake – to an international consortium that includes a high-profile Russian-Greek businessman has…

ΒοG Gov: Shipping remittances, capital slowly returning to Greek banking system

By L. Karageorgos [email protected]   Bank of Greece (BoG) Gov. Yannis Stournaras and Greek shipping executives this week pointed to a reversal of previous years’ trend in terms of remittances…

Tuesday, 05 December 2017

Aeolos Kenteris fast ferry on auction block next month

By L. Karageorgos [email protected] A new auction date for an iconic fast ferry, the “Aeolos Kenteris”, was rescheduled on Monday by a first instance Piraeus court, with Jan. 10, 2018…

Notaries again consider ‘no show’ for property auctions; police ‘spread thin’ on Wed, minister says

Representatives of associations of notaries in the greater Athens area on Tuesday afternoon were debating whether to issue a decision preventing members from attending the next day’s property auctions at…

Commission’s Costello praises, cautions Athens amid ongoing negotiations to conclude third bailout

The term “clean exit” may not be the most appropriate or useful for the period after the ongoing third Greek bailout ends in August 2018, Declan Costello, the European Commission’s…

Forecast for main social security fund’s annual surplus at roughly 600 mln€

By S. Papapetros [email protected] Revenues for Greece’s primary pension fund, EFKA, continued to exceed monthly targets for a tenth straight month in October, according to labor and social insurances figures,…

Major cocaine bust nets 135 kilos

A Serbian national was remanded in custody on Tuesday after a formal appearance before a magistrate on charges of possessing 135 kilos of cocaine. Greek authorities seized the drugs in…

Amendment changing the way strikes are declared withdrawn, govt promises to resubmit revision in next draft law

A closely watched amendment changing the way union members in Greece vote for industrial actions was abruptly withdrawn on Monday evening, with the relevant labor and social insurances ministry promising…

Paul Antoine Briat: Athens a perfect city for YellowKorner

Less than three months after accompanying French President Emmanuel Macron on his official visit to Athens, well-known entrepreneur Paul Antoine Briat returns to the Greek capital to inaugurate his new…

Monday, 04 December 2017

Finance ministry: Tax exemptions on corporate property cost state 3.5 bln€ annually

By G. Palaitsakis [email protected] The Greek state loses roughly 3.5 billion euros in revenue, annually, from exemptions to a special 15-percent tax, dating to 2002, imposed on real estate in…

French FDIs in Greece at 2.1 bln€ in 2016

French direct investments in Greece in 2016 reached 2.1 billion euros, an increase of 9 percent, from the previous year, and ranking further in terms of countries with FDIs, with…

Fraport Greece unveils plans for new Kos airport terminal, major renovations

Fraport Greece continued its “road show” of events to present its renovation and modernization plans for the 14 regional airports around Greece that it manages since last April, with the…

Athens, DG Comp agree over four PPC units that will go on sale block

Negotiations between the Greek side and the EU Commission’s competition watchdog, the DG Comp, to sell-off 40 percent of the state-run utility’s lignite-fired power capacity finally concluded over the past…