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Thursday, 30 November 2017

Eurostat: Cyprus, Greece top EU terms of power rate hikes in H1 2017

Βy N. Bellos [email protected] Cyprus and Greece recorded the biggest increases in household electricity rates in the first half of 2017, whereas the average rate in the Eurozone was up…

‘Tax receipt lottery’ finally debuts in Greece on Thur.

Greece’s first-ever “tax receipt lottery” debuted on Thursday, years after the idea was first proposed as a way of boosting efforts to curb tax evasion by shops, businesses and self-employed…

IMF spox: Support for Regling proposal to use leftover bailout funds to pay-off past Greek loans

An IMF spokesman on Thursday reiterated that the Fund will not participate, as a lender, in the Greek program without an agreement for further debt relief, saying the latter is…

Alpha Bank: Net profits of 153.5 mln euros over Jan-Sep 2017

Greek lender Alpha Bank on Thursday announced net profits over the first nine-month period of 2017 totalling 153.5 million euros, and 85.1 million euros in after-tax profits and a deduction…

Fraport Greece responds to announcement of flight cancellations at Macedonia Airport due to maintenance works

Fraport Greece on Friday pointed to the cancellation of flights by Easyjet from and to Thessaloniki’s Macedonia Airport, announced the same day, as confirming its concerns over the start of…

Minister: Small portion of Helleniko affected by archaeological designation; building height terms ‘non-binding’

A relevant culture minister on Thursday defended her ministry’s handling of licensing and review procedures for a massive property development at the southeast Athens coastal site of Helleniko, saying 30…

Reports: Easyjet cancels Thessaloniki flights due to fog, runway maintenance

Easyjet has reportedly cancelled all its flights to and from Thessaloniki’s Macedonia Airport, citing weather conditions in the northern Greek metropolis that have caused thick early morning fog at the…

Resumption of property auctions in Greece boosts bank shares; SSM presses for stepped up efforts

Despite the often violent protests to prevent the resumption of property auctions in Greece on Wednesday, the development was nevertheless greeted with a 6.5-percent rise, overall, of bank shares traded…

Lamda Development: We’re ready to begin construction of Helleniko project

Athens-based Lamda Development, the lead partner in an international consortium that has won a major property development concession in Greece, on Thursday announced it was ready to begin the multi-billion-euro…

1.22 mln applications for Greek govt’s latest welfare handout; 20% rejected so far

More than 1.22 million applications have been filed online by would-be beneficiaries of a “social dividend” that the leftist-rightist coalition government plans to hand out in December, with nearly half…

Resumption of property auctions in Greece accompanied by violent protests

By N. Malliara [email protected] A resumption of property auctions in Greece on Wednesday, along with the debut of a long-expected electronic auction platform, was greeted by another attempt by protesters…

Wednesday, 29 November 2017

Reports: Creditors, govt close to concluding negotiations over labor sector liberalization

By S. Papapetros [email protected]   Negotiations over labor sector reforms demanded by creditors are expected, if all goes according to plan, to conclude in the coming period with the tabling…

Gaultier unveiled ..Hellenic-inspired collection at Benaki Museum

Acclaimed designer Jean Paul Gaultier’s latest collection had a quintessentially “Grecian touch” on Tuesday evening, during a fashion show at the Benaki Museum of Greek Culture in central Athens on…

Furor over ill-fated deal to sell munitions to S. Arabia continues unabated

Fallout from an ongoing political furor over a controversial deal to sell surplus military munitions to Saudi Arabia extended to the foreign ministry’s leadership on Wednesday, days after the opposition…

British Airways adds route to Kefalonia for summer 2018

British Airways will add a route to the Ionian holiday island of Kefalonia (Cephallonia) in the summer of 2018, beginning on May 15 and ending on Oct. 6, 2018. Flights…

Protests, injuries, strong police presence for resumed property auctions on Wed.

Three protesters were reportedly injured on Wednesday during their attempt to block a scheduled property auction at the Athens local courts building (Eirinodikia), as the government made good on a…

Greek bond swap reaches 25.47bln€

Take-up of a 30-billion-euro bond swap offered by the Greek state has reached 86.1 percent, attracting high demand by bond holders, with the final tally at 25.47 billion euros. According…

Tuesday, 28 November 2017

Greek minister on arrest of 9 Turkish citizens in Athens: No cooperation or info received from Ankara

Greek authorities are continuing a search of the apartments where nine Turkish citizens detained – and subsequently arrested – on Tuesday morning by members of the anti-terrorist squad, the relevant…

OTE CEO: We refuse to give company’s keys to independent telecoms authority

By T. Igoumenidi [email protected] The chairman and CEO of Hellenic Telecommunications Organisation (OTE), the former state-run telephony utility that still enjoys a commanding market share in Greece, on Tuesday blasted…

Fund eyes up to 250 mln€ investment for long-elusive seaplane network in Greece

Petrichor Capital Partners this week announced that it is considering an investment of up to 250 million euros in Greece over the next two years in order to develop a…

Report: Eldorado Gold multinational to change Greek investment strategy amid ongoing delays

By L. Kalamara [email protected] Canadian multinational Eldorado Gold is reportedly moving towards a radical change in strategy for its controversial and delay-plagued mining concession in Greece, the biggest production investment…

OECD forecast for Greece: 2.3% in 2018, 2% in 2019

The Organisation of Economic Co-operation Development (OECD)  foresees economic growth in Greece at 2.3 percent for 2018, up from 1.4 this year, while repeating the need for a further restructuring…

Reports: Nine people, ID’d as Turkish nationals and Kurds, detained in raids by anti-terror squad in Athens

Up to nine people were detained in Athens during an early morning raid by Greece’s anti-terrorism squad of at least two apartments in the central Athens district of Neos Kosmos…

Small increase in broadband connections (2%) in Greece over H1 2017

By T. Igoumenidi [email protected] Broadband connections for users in Greece increased by 2 percent in the first half of 2017, compared with the end of 2016, reaching a penetration point…

Resumption of property auctions in Greece on Wed. to coincide with return of creditors’ auditors

Auctions of foreclosed properties in Greece are set to recommence on Wednesday, both at local courts (eirinodikia) and via a newly debuted e-auction platform, with 18 properties up for sale…

Monday, 27 November 2017

Golden Star Ferries to add two high-speed vessels on its Cyclades routes

Βy L. Karageorgos [email protected] Golden Star Ferries will add two high-speed ferry boats next year on its routes from the mainland port of Piraeus, Greece’s biggest port, to various Cyclades…

Govt, opposition clash in Parliament over controversial munitions deal with Saudi Arabia

The latest political furor in still bailout-dependent Greece made its way to Parliament on Monday, with the leftist-rightist coalition government clashing with the opposition over a controversial munitions deal with…

Turkish news source: Greek, Turkish coast guard patrol boats square off in eastern Aegean

A Turkish news source on Monday reported of an “incident” between Greek and Turkish coast guard vessels off the eastern Aegean island of Kalymnos and in the general vicinity of…

More than 142K applications already filed for this year’s holiday welfare bonus

More than 142,000 applications had been filed via an electronic platform, by noon on Monday, by people seeking to receive a one-off welfare bonus next month, dubbed a “social dividend”…

Debate, vote for Greek state budget moved up

Debate and a subsequent vote, in Parliament, for the draft 2018 budget will take place sooner than previously scheduled, with the respective dates bumped up to Dec. 11 and Dec.…