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Wednesday, 22 November 2017

Handelsblatt reports on ‘rekindled’ row between leftist govt, central banker

Handelsblatt picked up on a pro-government weekly’s front-page scrutiny of Bank of Greece (BoG) Gov. Yannis Stournaras last Sunday, reminding of the latter’s past and very public fallout with the…

Reports: Greek PM wants rescheduling of debate on controversial deal to sell S. Arabia munitions

Greek Prime Minister Alexis Tsipras on Wednesday reportedly asked for a postponement of an off-the-agenda Parliament debate on Thursday regarding a controversial and ultimately collapsed deal to sell Saudi Arabia…

DW quotes German authorities as saying flights from Greek destinations scrutinized same in way as arrivals from Turkey, Egypt

German authorities have reportedly cited the increased arrival of passengers without a Schengen visa as the reason behind stepped up passport and border controls, as of Nov. 12, on flights…

E-auctions of foreclosed property in Greece debut this month; bid to reduce massive NPLs load

By N. Malliara [email protected] The long-awaited commencement of electronic auctions of foreclosed property in Greece is now set for Nov. 29, a development expected to accelerate efforts by the country’s…

Spar to return to Greek super market sector via agreement with Asteras group

By D. Alexaki [email protected] The Dutch super market chain Spar will apparently return to the Greek market year through its participation in a consortium with local retailer Asteras, a year…

Some 1.46 mln households in Greece eligible for latest ‘holiday bonus’ derived from surplus in meeting fiscal target

Nearly 1.46 million households in Greece are reportedly eligible to receive portions of a “social dividend” to be doled out by the government next month, with income and asset criteria…

Tuesday, 21 November 2017

Lampsa group purchases King George Hotel outright

The Lampsa group is the new owner of the building that houses the five-star King George Hotel on Syntagma Square in central Athens, after coming to terms with Greek lender…

Fraport Greece announces modernization of Kefalonia airport

Fraport Greece on Tuesday announced the beginning of works to modernize and upgrade the airport on the Ionian island of Kefalonia (Cephallonia), weeks after similar infrastructure works were commenced at…

12 austerity measures to debut in 2018 draft budget

By G. Kouros [email protected] No less than 12 new burdens for taxpayers in Greece are included in the draft 2018 budget that will be tabled this week, with most of…

Commission spox on resumed internal border controls by German authorities on flights from Greece

An EU Commission official on Tuesday said a three-party meeting between EU experts along with representatives from Greece and Germany will examine recent high-profile charges that German authorities are bypassing…

fYRoM FM: Next month’s meeting with UN mediator, Greek FM of an ‘exploratory nature’

The foreign minister of the former Yugoslav Republic of Macedonia (fYRoM), Nikola Dimitrov, on Tuesday said a planned meeting with his Greek counterpart Nikos Kotzias next month, in the presence…

More than 150 vessels, Greek-controlled shipping using new Metis system/platform

More than 150 vessels have already been registered on an advanced performance platform created and operated by the Greece-based Metis company. The system and accompanying platform was designed and developed…

Athens loses out to Amsterdam for relocation of European Medicines Agency (EMA)

The Greek government’s bid to relocate the European Medicines Agency (EMA) from London to Athens fell flat this week, as the EU on Monday announced that Amsterdam will now be…

Body belonging to one of three missing people from last week’s flooding discovered

Authorities said the 21st victim of last week’s devastating flooding in western Attica prefecture – west of Athens proper – was reported on Tuesday morning with the discovery of a…

‘N’ report: Greek govt to raise primary budget surplus target for 2018 to 3.8% from 3.5%

The Greek government will reportedly increase the primary budget surplus target for 2018 from a current goal of 3.5 percent (of annual GDP) to 3.8 percent, riding what’s expected to…

Monday, 20 November 2017

Ruling SYRIZA reduces gap with ND by 1 percentage point in latest poll; still trails heavily by 12 points

Main opposition New Democracy (ND) party retained a comfortable 12-percentage point lead over ruling SYRIZA in the latest edition of a monthly opinion poll conducted by the Thessaloniki-based University of…

Minister deflects criticism that fiscal target over-performance due to excessives tax rates in Greece

The relevant employment and social security minister on Monday deflected opposition criticism that a “social dividend” the leftist-rightist coalition government wants to distribute next month is the product of over-taxation…

Independent Power Transmission Operator (ADMIE) reports higher profits for Jan-Sep 2017 period

Greece’s Independent Power Transmission Operator (ADMIE) S.A. on Monday reported profits of 49.6 million euros over the first nine months of 2017, up from 33.2 million euros during the corresponding…

Mitsotakis: Govt takes much from high taxes, returns little in form of ‘social dividend’

The government’s intent to dole out a 1.4-billion-euro “social dividend” before the end of the year dominated debate in Parliament on Monday afternoon, with main opposition leader Kyriakos Mitsotakis stepping…

US embassy closed on Thur. for Thanksgiving

The US embassy in Athens, the general consulate in Thessaloniki and all US federal services in Greece will be closed on Thursday (Nov. 23) due to the Thanksgiving holiday in…

Commission orders return of 55mln€ given to Greek state-owned defence contractor

The Commission on Monday publicized a ruling ordering the Greek state to recoup 55 million euros in public monies previously given as subsidies to the state-run Hellenic Defence Systems (HDS…

Greek privatization fund issues 2 new tenders for state-owned marinas: Alimos and Chios

Greece’s privatization fund, the Hellenic Republic Asset Development Fund (HRADF), on Monday launched two separate international public tenders for concessions, the first for the Athens-area Alimos marina and a second…

Gov’t announces aid to restore flooding damage in west Attica

The Greek government on Monday announced a series of relief measures for flooding victims in western Attica, as well as for a handful of other areas around the country hit…

Greek banks eyes auctions of up to 10K foreclosed properties by end of year

By N. Malliara [email protected] Greece’s systemic banks are reportedly ready to sell-off some 10,000 foreclosed properties in the country by the end of the year in a new electronic auction…

New hotels, units boosting gentrification of Omonia-Metaxourgio axis in central Athens

By L. Karageorgos [email protected] avenue connecting central Omonia square, in the center of Athens, with the nearby Metaxourgio (Karaiskakis) square is apparently shedding its more “seedier” reputation in the…

Fofi Gennimata elected as head of new center-left political grouping

PASOK party president Fofi Gennimata was leading with a comfortable 57.45 percent of the vote, with 75 percent of ballots counted, late Sunday evening in the second round of a…

Sunday, 19 November 2017

Dep. Minister says govt trying to overcome problems with two landmark investments: Helleniko, Skouries

A deputy economy minister who previously enjoyed a more-or-less successful tenure as a the head of Greece’s privatization agency on Sunday emphasized that a pair of closely watched but delay-plagued…

BoG Gov denies press claim over pool, points to systematic and libelous attacks

Bank of Greece (BoG) Gov. Yannis Stournaras on Sunday flatly denied a same-day front-page article claiming he failed to list the size of a large pool at his vacation home…

Second round of center-left leadership race expected to attract more than 150K voters

The second round of a leadership race for a nascent center-left political formation in the country is expected to attract more than 150,000 voters, which on a mostly rain-soaked Sunday…

Flooding death toll reaches 20

The death toll from this week’s devastating flooding in west Attica prefecture (west of Athens proper)  reached 20 on Sunday, with the recovery of a body belonging to one of…