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Tuesday, 21 November 2017

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…

Saturday, 18 November 2017

Top 5 countries in terms of businesses linked with Greek FB users: US, Germany, Cyprus, UK and Italy

Representatives of some 64 percent of Greece-based businesses surveyed in a recent study said sales to buyers outside the country are a challenge they want to meet. The Future of…

Athens court hears petition by Greek state, local lender to declare Skaramangas Shipyard insolvent

A petition by the Greek state and Piraeus Bank to declare the Hellenic Shipyards at Skaramangas insolvent was heard before an Athens First Instance court on Friday. A ruling by…

Push to cover arrears to private sector by Greek state slacks off in Oct., after record-setting Sept.

The Greek state’s pace in covering arrears to the private sector slacked off considerably last month, the Bank of Greece (BoG) reported this week, as only 14 million euros was…

Fate of 27.4 bln€ in leftover bailout loans for Greece to be decided before Aug.

By T. Tsiros [email protected] A huge chunk of bailout loan money earmarked for Greece, as part of the ongoing third program, is not expected to be disbursed by Aug. 20,…

Flood-related deaths reach 19

The number of deaths from this past week’s devastating flooding in western Attica prefecture (west of Athens proper) has reached 19, as the bodies of three men were recovered over…

Friday, 17 November 2017

Antifa-like group breaches security at Greek defense ministry

Some 20 members of a notorious self-styled anarchist group broke through the front gate of the Greek defense ministry and threw pamphlets on Friday afternoon, an unprecedented breach of security.…

EU’s Court of Auditors issues 11 recommendations to Commission for future bailouts; Greek programs scrutinized

A report by the EU’s Court of Auditors (ECA) this week included no less than 10 recommendations to the EU Commission in order to improve its institutional role vis-à-vis memorandum…

Tsipras from Sweden calls for change of Europe’s econ model

Leftist Greek Prime Minister Alexis Tsipras on Friday briefly took a break from concentrating on recession-battered and still bailout-dependent Greece and called for a change in Europe’s economic model. In…

Handelsblatt: 256 bln€ in money for Greece since 2010; econ recovery ‘deceptive’ despite improvements

The German business daily Handelsblatt this week again focused on the Greek economy, pointing to a distinct improvement in certain economic indices but at the same time referring to a…