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Wednesday, 20 September 2017

Postlane Partners withdraws interest for Neorion shipyards

By A. Tsimplakis [email protected] Postlane Partners this week withdrew its bid for the Neorion shipyards on the Cyclades island of Syros, thereby leaving only one offer on the table for…

Tuesday, 19 September 2017

Finance ministry officials confident Athens can exceed primary budget surplus target for 2017

By T. Tsiros [email protected] The latest – positive – “scenario” being tossed around in Athens this week by the finance ministry’s top officials holds that the target for the this…

Reports: Athens submits proposals for 1,300 MW worth of RES projects through 2020

By K. Deligiannis [email protected] Greece’s environment and energy ministry has reportedly submitted proposals to the EU Commission for renewable energy sources projects in the country estimated to total 1.2 to…

Industrial group criticises lack of competitive prices by high-voltage providers

By K. Deligiannis [email protected] The recent inauguration of electricity auctions in Greece, the well-known NOME sales mechanism, has apparently not boosted competition among alternative high-voltage producers, who provide the “lion’s…

1.214 bln€ over Jan-Aug to cover Greek state arrears towards private sector, a memorandum obligation

The Greek state allocated 1.214 billion euros over the January-August 2017 to cover arrears towards the private sector, the finance ministry announced this week. In August alone, the figure reached…

Two escaped Turkish convicts apprehended near border

Two escaped convicts, identified as Turkish nationals serving lengthy sentences for smuggling foreign nationals into Greece, were apprehended  in the Evros border prefecture on Monday, authorities said. The two inmates,…

Dombrovskis: Concluding third review depends on fulfilling prior actions; Tsipras govt preferred higher taxes

EU Commission Vice-president Valdis Dombrovskis this week reiterated that an “ideal timetable” for concluding the looming third review of the ongoing Greek program should extend by the end of the…

Monday, 18 September 2017

20-year extension of Athens airport concession to net 600 mln€ for privatization program

By F. Zois [email protected] A mostly expected approval by the Court of Audit, which reviews major state contracts, of a proposed 20-year extension of the current concession for the Eleftherios…

Non-prescription drug consumption, per capita consumption in Greece last among EU states

By G. Sakkas [email protected] The market in Greece for non-prescription drugs remains stuck in the 230-million-euro range over the past few years, with the per capita expenditure, in fact, last…

Tsipras gives ministers deadline to conclude third review by Nov.

By G. Kampourakis Greek Prime Minister Alexis Tsipras on Monday promised the “ASAP” implementation of “prior actions” by his government in order to conclude the looming third review of the…

National Bank report: Greek labor market recovery picks up, uptick in qualitative aspects

National Bank of Greece, in a report published on Monday, noted that employment growth in the recession-battered country picked up the second quarter of 2017 by 2.3 percent, yoy, and…

Israeli entry in this year’s Athens International Film Festival

Israeli director’s Shmuel Maoz’s “Foxtrot” will be among the entries in this year’s 23rd Athens International Film Festival, with showings set for Sunday, Sept. 24 at the Indeal movie theater,…

UNWTO reports banner month for Greek tourism in July 2017

By A. Tsimplakis [email protected] Total tourism-related revenues in Greece posted a significant increase in July 2017, compared to the corresponding month of 2016, up 14.2 percent yoy. Nevetherless, per capital…

Greek PM defends containment, cleanup effort in wake of unprecedented oil spill off greater Athens area

Greek Prime Minister Alexis Tsipras took to the airwaves on Monday morning nearly a week after the sinking of a small oil tanker west of the greater Athens area has…

Talks for obligatory sale of 40% of power utility’s lignite-fired capacity shift to Brussels

By K. Deligiannis [email protected] Deliberations between the government and the EU Commission over the sale of 40 percent of the state-run Public Power Corp.’s (PPC) lignite-fire production capability shift to…

Mild tremor near Alonissos on Sunday afternoon

A 4.2 on the Richter scale earthquake shook the central Aegean island of Alonissos on Sunday afternoon. The quake’s epicenter was located 21 kilometers northeast of the Greek island.…

Sunday, 17 September 2017

ND leader: Greece would have exited bailout in 2015 had leftist-rightist coalition govt not taken power

Main opposition New Democracy (ND) leader Kyriakos Mitsotakis again pressed his “jobs instead of handouts” pledge on Sunday, appearing at a press conference in Thessaloniki on the sidelines of a…

Six different direct taxes must yield 8.3mln€ by end of 2017 for Athens to meet fiscal target

Millions of taxpayers in Greece will face payment of up to six different taxes over the next 4.5 months, as the beleaguered leftist-rightist government must meet or exceed a 1.75-percent…

Saturday, 16 September 2017

Mitsotakis from Thessaloniki: ‘Greeks don’t deserve to live in misery’; cites liberal reforms everywhere

Greek opposition leader Kyriakos Mitsotakis laid out a wide-ranging reform package during a nationally televised address on Saturday evening, staying “on message” with pledges of less taxes, a smaller public…

Friday, 15 September 2017

ND’s Mitsotakis again pledges to allow non-state, non-profit universities in Greece

Main opposition New Democracy (ND) party leader Kyriakos Mitsotakis on Friday reiterated his pledge to work towards revising Greece’s constitution in order to allow non-profit, non-state universities to operate in…

Employers’ group: Each person active in Greece’s private sector supports 2.8 either not employed or in public sector

Greece’s largest employers’ federation this week released figures showing that the ratio between the non-active (homemakers, juveniles, the elderly, unemployed people) and active population in the Greece is two to…

Greek FinMin: No need for extra austerity measures in 2018

Greek FinMin Euclid Tsakalotos on Friday forecast that his government will not need to take additional austerity measures in 2018, speaking hours after an informal Eurogroup meeting in Tallinn. Figures…

ECB opposes IMF demand over new stress tests, AQR for Greek banks

The initial results from Friday’s informal Eurogroup meeting in Tallinn, as far as bailout-dependent Greece is concerned, include the European Central Bank’s opposition to a standing IMF demand for an…

Size, value of proposals only obstacles so far in Juncker stimulus plan’s application in Greece

By V. Kostoulas [email protected] European Investment Bank (EIB) officials this week referred to the size and scope of proposals for prospective inclusion in its investment schemes, especially the so-called Juncker…

Greek Shipowners’ president tells UK minister London like a ‘second home to us’

By L. Karageorgos [email protected] London apparently still remains a magnet for Greek-controlled ocean-going shipping, despite the specter of “Brexit”, with the head of the Union of the Greek Shipowners telling…

Thursday, 14 September 2017

IMFpresses for asset quality review, stress tests for Greek banks

International Monetary Fund (IMF) spokesman Gerry Rice on Thursday confirmed that the Fund considers that new austerity measures in still bailout-dependent Greece may be possible. He also said an Asset…

Furor over oil spill off greater Athens area continues unabated

A furor over failure to fully contain an oil spill from a small tanker that sank under mysterious circumstances in the early morning hours Sunday off the greater Athens area…

Greece, EAEU countries reveal potential of economic cooperation between two sides

The inaugural ‘EAEU–Greece: A New Bridge for Cooperation and Development’business forum’, which within the framework of the Thessaloniki International Fair-Helexpo (TIF) 2017 was concluded in the northern Greece city this week.…

Reports: Internal Greek govt differences between ‘clean exit’, precautionary credit line after Aug.

By G. Kampourakis An off-the-record briefing by top finance ministry officials on Wednesday revealed that the ministry’s leadership considers the goal for concluding the third review of the current bailout…

Reports point to widening gulf between Tsipras, finance ministry; more austerity measures not ruled out

One unanswered question casting a shadow over official and unofficial Athens prior to negotiations to conclude the third review of the ongoing bailout program is whether current Finance Minister Euclid…