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Monday, 11 December 2017

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…

Govt: Roughly 1.13 mln applications for ‘social dividend’ approved so far

Nearly 1.13 million applications for a “social dividend” to be doled out by the government this month have been approved by Friday, out of the 2.66 million submitted electronically. According…

Saturday, 09 December 2017

Bild: Spike in number of third country nationals attempting to reach Europe from Greek airports with forged travels docs

Frontex and Europol are reporting increasing numbers of third country nationals – including Mideast war refugees – with forged passports and IDs attempting to reach European airports aboard flights emanating…

Friday, 08 December 2017

Parliament com’t offers govt more ‘political cover’ to formally scrap munitions deal to Saudi Arabia

A relevant Parliament committee on Friday provided more “political cover” for the Tsipras government to officially cancel an already foiled deal to sell Saudi Arabia surplus munitions from Greek military…

Erdogan to Muslim minority in Thrace: ‘We’re not referring to assimilation but to your integration in Greece’

Recep Tayyip Erdogan struck a decidedly conciliatory tone on Friday in statements to a mostly Muslim audience that gathered at a hotel in the northeastern city of Komotini to greet…

Energean announces new contracts to supply natgas to Israeli industrial users

Athens-based Energean Oil & Gas this week announced new Gas Sales and Purchase Agreements utilizing Israel’s Karish and Tanin natural gas deposits in the east Mediterranean. The contracts stipulate an…

Unemployment rate in Greece falls for 9th straight month in Sept. 2017

Unemployment in Greece posted a noteworthy decrease in September 2017, compared to the same month in 2016, according to data supplied by the Greek statistics authority on Thursday. All total,…

Erdogan speaks to Muslim pupils, residents, prays at local mosque in extreme NE Greece

Turkish leader Recep Tayyip Erdogan spoke to a gathering of pupils and local residents at a Muslim minority school in Komotini, northeast Greece, on Friday, part of his half-day tour…

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…