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Monday, 30 October 2017

Company contracted to raise sunken Agia Zoni II tanker off Salamina

Efforts to raise a small sunken tanker that caused major environmental damage – by Greek standards – in the sea region off the greater Athens area are due to begin…

Lufthansa to fly to Santorini in 2018; extra flights connecting Athens with Frankfurt

Lufthansa will inaugurate a route to the iconic Greek island of Santorini next summer, connecting the Cyclades isle with Frankfurt every Saturday, beginning on March 31, 2018.   Moreover, the…

Sunday, 29 October 2017

Athens points to ‘convergence’ of views with creditors on fiscal issues; major ‘prior actions’ pending

A “convergence of views” on fiscal matters was on phrase on the lips of government officials on Friday after week-long talks between the Greek side and creditors’ top auditors wound…

Draft law covering gaming, VLTs set for vote in Parliament

By L. Kalamara [email protected] A draft bill on gaming – including online betting and casino-types games – is set for vote by Parliament’s plenum in the coming days, with the…

Analysts point to ‘win-win’ deal by Attica, Grimaldi for HSW

By L. Karageorgos [email protected] Effects from a high-profile deal last week by Attica Group and Grimaldi Group for Hellenic Seaways (HSW) will be immediate and beneficial for both sides, coastal…

New state entity added to gasping land registry project in Greece

By T. Igoumenidi [email protected] The Greek state’s decades-long effort to finally create a unified and functional land registry (cadastre) throughout the country will reportedly add another chapter in the coming…

Saturday, 28 October 2017

One man arrested in parcel bomb probe; suspect linked with attack on former Greek PM

Police arrested a 29-year-old man on Saturday in connection with an ongoing investigation into a handful of parcel bombs sent to various top EU officials and former Greek premier Lucas…

One man arrested in parcel bomb probe; suspect linked with attack on former Greek PM

Police arrested a 29-year-old man on Saturday in connection with an ongoing investigation into a handful of parcel bombs sent to various top EU officials and former Greek premier Lucas…

Friday, 27 October 2017

Bank deposits rise in September 2017

The Bank of Greece (BoG) on Thursday announced that private sector deposits in the country increased by 52 million euros in September, compared to the previous month, reaching 1.047 billion…

Latest NOME-type auction generates highest rate so far; 718 MWh/h on selling block

A record-breaking bid for future electricity supplies, as witnessed in Wednesday’s NOME-type auction, generated diametrically opposed assessments in days following, with the dominant state-run utility drawing a different conclusion from…

Greek PM on F-16 upgrade contract: No agreement, only negotiation so far

Greek Prime Minister Alexis Tsipras on Friday clarified that there is “no agreement, but negotiations” in referring to any future program to upgrade the country’s fleet of US-made F-16 fighter…

Employer contributions subsidy program aims to boost full-time employment

By S. Papapetros [email protected]   Greece’s Manpower Employment Agency (OEAD) this week inaugurated a program offering subsidies to employers to change the status of people they employ on a contract…

Two minor quakes in quick succession reported just north of Athens

A pair of minor earthquakes were reported in the greater Athens area early Friday afternoon, with the first at 13.06 (11.06 GMT) and the second at 13.08 (11.08 GMT) recorded…

Creditors detect small fiscal gap in 2018 Greek state budget; govt says sum manageable

By T. Tsiros [email protected] Creditors’ auditors have reportedly detected a “limited” fiscal gap for 2018 of between 150 to 200 million euros in the Greek state’s budget, as negotiations continued…

Greece’s debt-to-GDP ratio eases to 175% in Q2 2017; highest by far in EZ, EU

Greece’s public debt eased to 309.136 billion euros in the second quarter of 2017, or 175 percent of GDP, while nevertheless recording the highest GDP-to-debt ratio in the Eurozone and…

Thursday, 26 October 2017

ESM releases 800 mln€ sub-tranche to Greece after creditors’ assessment

The European Stability Mechanism (ESM) on Thursday announced that its board of directors had authorized the release of an 800-billion-euro sub-tranche of bailout money to Greece “for the clearance of…

Govt again refers to agreements with creditors in review negotiations

The Greek government again referred to an “agreement” on Thursday evening between Athens and creditors’ representatives, who arrived this week for negotiations to conclude the third review of the ongoing…

Attica Group, Grimaldi Group annnounce deal for Hellenic Seaways

By L. Karageorgos Attica Group and Grimaldi Group on Thursday announced an agreement allowing for the former to purchase the 48.53-percent stake owned by Minoan Lines – a subsidiary of…

Political reaction after precinct, hospital surgeon and even butcher shop targeted by self-styled anarchists

Main opposition New Democracy (ND) party leader Kyriakos Mitsotakis on Thursday said his party will table a question in Parliament towards Prime Minister Alexis Tsipras himself demanding answers over a…

ECB lowers ELA ceiling for Greek banks

The Bank of Greece (BoG) on Thursday announced that the European Central Bank’s governing council did not object to an ELA-ceiling for Greek banks set at 28.6 billion euros, up…

Bakoyannis addresses ‘N’ con’f on consumer goods, retailing

Top main opposition New Democracy (ND) party cadre Dora Bakoyannis this week referred to the negative impact on the country’s retail sector from the ongoing economic crisis, speaking during the…

Ex-financial crimes unit chief convicted of failing to investigate information on ‘Lagarde list’

The former head of the finance ministry’s powerful financial crimes unit (SDOE), Ioannis Diotis, was handed down a suspended 10-year sentence this week on a single charge of abuse of…

Finance ministry official says 1.5 bln€ in arrears towards private sector covered

A finance ministry general secretary on Thursday was quoted as saying that the Greek state’s arrears to the private sector have been reduced by 1.5 billion euros, a figure he…

Tuesday, 24 October 2017

King George Hotel property sale to be decided in coming weeks

Βy L. Karageorgos [email protected] The fate of the premium property which today hosts the five-star King George Hotel in downtown Athens is expected to be decided within the next two…

MoC between Athens, Seoul to boost e-governance in Greece

Greece and South Korea signed a MoC on Monday aimed at boosting e-governance in the former by employing know-how extended by Seoul. The agreement was signed in Athens by Greek…

Monday, 23 October 2017

48-hour media strike in Greece through Thurs. morning

A 48-hour strike was called the Athens Journalists’ Union (ESIEA) beginning at 06.00 (04.00 GMT) on Tuesday, Oct. 24 until 06.00 on Thursday, Oct. 26. The strike will affect most mainstream…

Govt claims creditors’ auditors confirmed ‘significant surpassing’ of 2017 fiscal goal; eyes sub-tranche’s disbursement

The government circulated a non paper on Monday afternoon claiming that the first day of negotiations with creditors’ top auditors in Athens – hours earlier – confirmed that the Greek…

Serving up America’s ‘recipe’ for economic success – State Dept.’s IVLP program sends 9 Greeks to US

By V. Kostoulas [email protected] Nine Greek citizens wound up a mini tour of the United States last week with more than well-meaning wishes for investments towards their still recession-battered country…

Frigoglass announces completion of debt restructuring, board reshuffle

Greek multinational Frigoglass, a commercial refrigeration manufacturer and a leading producer of glass in West Africa, on Monday announced a board reshuffle, with three new members to be appointed. The…

ND again tables draft bill to give overseas Greeks right to vote while abroad

Main opposition New Democracy (ND) leader Kyriakos Mitsotakis on Monday again tabled a draft bill on behalf of his party that, if approved, would finally grant Greek citizens living abroad…