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Monday, 13 November 2017

ND tables Parliament question over deal to sell ammunition, ordnance to Saudi Arabia

Main opposition New Democracy (ND) party on Monday demanded that the relevant Greek defense and foreign affairs ministers provide documentation to Parliament regarding a controversial contract to sell surplus military…

ESM report on Greek economy after first, second reviews of ongoing bailout

By N. Bellos The Greek economy has posted significant progress and macro-economic imbalances, such as those in the fiscal sector, have been rectified, according to a report issued by the…

Greek FinMin blames high taxes in country on offshore tax evasion

Greek Finance Minister Euclid Tsakalotos promised that this year’s end-of-year “social dividend” will be doled out to some one million beneficiaries in the country, with funding coming from surplus cash…

Study: Eight out of 10 Greek tourists to Turkey satisfied to very satisfied

Eight out of 10 Greek tourists and visitors who have traveled to neighboring Turkey at least once (81 percent) are satisfied or very satisfied from their stay, while seven out…

Would-be Chinese investors in Greece turning to Cosco-managed port authority for guidance

By A. Tsimplakis [email protected] The Cosco-managed and owned Piraeus Port Authority (OLP) has emerged as a “must stop” for any Chinese delegation considering an investment or business move in the…

Gennimata, Androulakis head to second round in leadership race for new center-left formation

PASOK party president Fofi Gennimata and European Parliament deputy Nikos Androulakis are the two contenders headed into a second round for the leadership of a new center-left grouping being established…

Sunday, 12 November 2017

PASOK’s Gennimata on verge of winning leadership race for new center-left grouping in first round

Socialist PASOK party president Fofi Gennimata was leading by a wide margin on Sunday evening in the first round of a leadership race for a new center-left grouping in the…

Reports: Capital controls to be fully lifted on imported cash

By N. Malliara [email protected] The latest loosening of capital controls still imposed on deposits held in Greek banks is expected to allow full access to cash repatriated from abroad, according…

Saturday, 11 November 2017

N17 assassin returns to prison after 2-day furlough

Greek authorities breathed a sigh of relief on Saturday morning when a notorious urban terrorist granted a two-day furlough on Thursday returned to the Athens-area penitentiary where he’s been incarcerated…

Bodies of three pre-teens reportedly wash ashore on NE coast of Lesvos

The bodies of three minors have been recovered on the northeast shores of the eastern Aegean island of Lesvos, Greek authorities announced on Saturday, a shocking development believed to be…

Govt downplays concerns over collapse of Helleniko project; Bloomberg also cites Skouries delays

The Tsipras government, via sources, attempted to dispel fears that a landmark privatization in Greece is at risk of unceremoniously ending before even a single shovel breaks ground. Government sources…

Friday, 10 November 2017

Lamda Development: Helleniko privatization impossible amid continuous hurdles placed by state

Athens-based Lamda Development, the lead partner in a consortium that has won a major real estate development concession, on Friday officially made its displeasure known over what it calls a…

3 Greek companies present advanced design of new LNG-powered vessel for Blue Star Ferries

NAP Engineering and Helengi Engineering, in cooperation with Blue Star Ferries, this week presented the design of a new LNG-powered vessel to be operated by the latter. The cutting-edge design…

Sources: Govt promises to restore legal safeguards following furor over terrorist’s furlough

The Tsipras government went into full “damage control” mode on Friday, a day after a notorious urban terrorist was conditionally released from prison on a two-day furlough. The furlough to…

Dep. Minister: 90% of pensioners in Greece receive one monthly benefit

Nearly 90 percent of pensioners in Greece – 2.24 million – receive only one monthly benefit, whereas 9.5 percent – some 251,000 beneficiaries – receive two monthly benefits, mainly retired…

Noteworthy drop in Greek jobless rate recorded in Aug. 2017

The unemployment rate in Greece eased to 20.6 percent in August – the height of the summer season in the country – a significant decrease of 2.8 percentage points, compared…

Inflation rate rises for 10th straight month in Oct. 2017 after several years of deflation

The inflation rate in Greece posted a 10th consecutive monthly increase in October 2017, rising by 0.7 percent compared to the same month in 2016. The 10-month trend ended several…

Thursday, 09 November 2017

Eldorado Gold announces suspension of works at Skouries site, demands licenses and state support

By L. Kalamara [email protected] Canadian multinational Eldorado Gold on Thursday announced that it was freezing activity at its Skouries building site in northern Greece, with the facilities entering a “maintenance”…

Amendment to change press sector’s pension/health fund tabled; vote by members OK revisions

A labor ministry draft amendment revising the charter of the EDOEAP auxiliary pension and health fund, which includes most of the greater Athens and Thessaloniki areas’ media professionals and media…

Coca‑Cola Tria Epsilon announces latest capital investment for Aigio plant, worth 8 mln€

Coca‑Cola Tria Epsilon, the renowned soft drink’s bottler in Greece, this week announced a new production line to bottle its natural mineral water brand Avra, citing a total investment of…

Decision to give convicted terror assassin 2-day ‘Get Out of Jail Free’ pass criticised by US, UK ambassadors

Condemnation of a decision by an independent judicial council to give Greece’s most notorious terrorist a two-day furlough was swift on Thursday, hours after Dimitris Koufontinas walked out of an…

Study: Athens 29th out of 31 European capitals in terms of real estate interest

By T. Igoumenidi [email protected] Despite a burst real estate “bubble”, even before the crisis years, and with growing interest in short-term holiday leasing – the “AirBnB factor – Athens remains…

IMF spokesman calls on Greece to finally inaugurate e-auction platform

An IMF spokesman on Thursday reiterated that electronic auctions comprise a significant structural reform in still bailout-dependent Greece, while encouraging Greek authorities to quickly implement a relevant platform that is…

ELA-ceiling for Greek banks eased

The Bank of Greece (BoG) on Thursday announced that the ECB’s governing council did not object to an ELA-ceiling for Greek banks eased to 26.9 billion euros, up to and…

Linking Greece’s debt repayments to European creditors with GDP growth resurfaces

By N. Bellos [email protected] A French plan, initially hatched during the previous Hollande administration, to link the rate of repayment of Greece’s debts to European creditors with annual GDP growth…

Notorious urban terrorist Koufontinas receives 2-day prison furlough

Greece’s most notorious urban terrorist, condemned to 11 life sentences for his role in the notorious “November 17” group, has received a two-day furlough from prison officials. Dimitris Koufontinas (Koufodinas)…

Wednesday, 08 November 2017

ND tables Parliament question in sale of surplus military ammunition, ordance to Saudi Arabia

Main opposition New Democracy (ND) party on Wednesday made good on its promise to table a question in Parliament into a proposed sale of excess Greek military ordnance to Saudi…

Govt promises automatic prosecution for threats, disorderly behavior against notaries overseeing property auctions

The government on Wednesday promised to stiffen the law in Greece to allow the proprio motu (via law enforcement’s own motion) prosecution of individuals on charges of threatening and disorderly…

Olympiacos FC president Marinakis steps down after single match-fixing charge leveled against him

Olympiacos FC president Vangelis Marinakis on Wednesday announced that he will step down from the club’s helm, hours after an appellate judicial council handed down a single count of “altering…

Chamber agenda focuses on next June’s ‘Belt and Road Initiative’ in Athens

The newly established Greek-Chinese Chamber of Economic Cooperation convened on Tuesday at the Port of Piraeus’ offices, with the port authority CEO, Capt. Fu Chengqiu, welcoming members of the chamber.…