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Thursday, 14 September 2017

Oil spill continues to blacken so-called Athens riviera, Piraeus district

An oil spill over the weekend that has blackened Athens’ southeast coastline as far as the upscale Glyfada district and the waters off the major port of Piraeus turned political…

Sale of Greek rail operator to Italy’s Ferrovie Dello Stato finalized on Thurs; Greek, Italian PMs at ceremony

By F. Zois [email protected] The long-awaited transfer of shares to Ferrovie Dello Stato Italiane in order to finalize the privatization of Greece’s state-run rail operator, Trainose, comes on Thursday. The…

Greek govt feud with gold mining concessionaire on agenda of Friday’s Eurogroup: EZ source

By L. Kalamara [email protected] The very high profile row between the Greek state and a mining multinational with a gold and copper concession in northern Greece  has taken on international…

Wednesday, 13 September 2017

Cyta telecoms puts Greece subsidiary on the sale block

Cyprus telecoms operator Cyta on Tuesday officially announced that it was fielding offers for its Greek subsidiary, either for outright purchases of the company or as part of a merger…

Govt official doesn’t rule out more austerity measures for 2018

A top government official in Athens on Wednesday told reporters that a commitment to achieve specific fiscal targets in 2018 still stands. “… I don’t expect that there will be…

Second VLGC for Dryships

Dryships this week announced that it has received a second VLGC (Very Large Gas Carrier), with the vessel already commissioned for the next five years by a major oil company and…

Small tanker sinks off Athens, several coasts blackened with oil

The sinking of a small oil tanker in the Saronic Gulf in the early morning hours of Sunday has dumped 2,570 tons of heavy fuel oil into the waters south…

Tsipras govt deflects stinging criticism, says FDIs, liquidity increased over past 2 years

The government replied in its preferred “non paper” mode on Wednesday, attacking the rival center-right opposition and throwing out a bevy to numbers and figures to prove that it’s attracting…

Greek state issues two previously delayed Hellas Gold renewal licenses in record time

Three licenses promised to mining concessionaire Hellas Gold by Thursday were issued within hours on Wednesday by the relevant environment ministry, 48 hours after Canadian multinational Eldorado Gold very publicly…

Greek govt ‘about-face’ over troubled mining concession, promises 3 licenses by Thur., faster arbitration to resolve pending issues

The embattled Greek government on Wednesday said three pending licenses for the Olympiada mining complex will be issued the next day, a significant development that comes after Canadian multinational Eldorado…

Archaeological council meeting cancelled, no decision over Helleniko property redevelopment project

A closely watched session of Greece’s Central Archaeological Council (KAS) scheduled for Tuesday was called off, meaning no decision was taken for the Helleniko project – billed as the biggest…

Protesting Hellas Gold miners target environment ministry

Hellas Gold workers made good on their threat to target state buildings without warning, as a group of miners broke into the environment and energy ministry in central Athens on…

Tuesday, 12 September 2017

Minister rails over Fraport’s management of 14 recently privatized airports; company issues point-by-point denial

Greece’s relevant minister on Tuesday took aim at one of only a handful of landmark privatizations finalized under the current leftist-rightist coalition government’s watch, saying the consortium that took over…

ND sacks student leader who called for softer treatment of 106 undergrads caught handing in identical course paper

No less than 106 college students at a university in western Greece handed in an identical assignment last June, according to the Athens daily “Kathimerini” on Tuesday. The assignment was…

Greek econ minister meets with Dutch dairy cooperative FrieslandCampina’s leadership

The Netherlands’ ambassador to Greece Caspar Veldkamp and the CEO of FrieslandCampina Hellas Konstantinos Maggioros hosted a dinner in honor of Greek Economy Minister Dimitri Papadimitriou on Monday evening. The chairman of…

Moody’s: Eldorado’s plans to suspend investment in Greece is credit negative

Moody’s Investors Service commented that Eldorado Gold Corporation’s announcement that it plans to suspend investment in its assets in Greece is credit negative but has no immediate impact on the…

Commission reax on Eldorado Gold threat to abandon Greece investment

By N. Bellos [email protected] An exit of foreign companies from Greece would complicate efforts by creditors and partners to restore the country’s credibility and to again lure investments back to…

Fallout continues over Eldorado Gold’s threatened ‘Grexit’, feud with leftist govt

Monday’s abrupt decision by a Canadian multinational to suspend operations in recession-battered Greece in the face of systemic delays it blames on state opposition to its mining activities generated a…

Monday, 11 September 2017

Int’l press hones in on Eldorado development

The international fallout, as least as the press is concerned, from Monday’s abrupt announcement by Eldorado Gold that it is suspending its Greece operations mostly touched on the effect the…

Τiming of Eldorado Gold announcement annoys Tsipras govt; Handelsblatt sounds warning over privatizations

Monday’s announcement by Canadian multinational Eldorado Gold that it was suspending operations in Greece because of regulatory hurdles was angrily by the leftist-rightist coalition in Athens, with the main opposition…

Large Mycenaean-era engraved tomb discovered in south-central Greece

One of the biggest Mycenaean-era engraved tombs discovered in recent decades has been pinpointed near the south-central Greece town of Orhomenos, the modern-day placename for the ancient settlement of Orchomenus.…

Djisselbloem, creditors’ auditors back in Athens this month

Eurogroup chairman Jeroen Djisselbloem will arrive in Athens on Sept. 25 for a meeting with Greek Finance Minister Euclid Tsakalotos. The report comes a day before creditors’ auditors are expected…

Mining multinational’s decision to abandon Greece generates sharp criticism; ministers reply to Eldorado

The sudden but not altogether surprise announcement by Eldorado Gold on Monday that it was suspending its subsidiary’s operations in Greece – due to systemic foot-dragging by Greek government, as…

Eldorado Gold to suspend Greece operations; impasse with govt cited as reason

By L. Kalamara [email protected] Mining giant Eldorado Gold announced on Monday that it will suspend its operations in Greece, following what it called three months of unsuccessful negotiations and talks…

Saturday, 09 September 2017

China Development Bank MoC with Greece’s Public Power Corp.

The head of China Development Bank (CDB), Wang Jining, on Saturday signed a MoC with the president of Greece’s state-run power utility, the Public Power Corp. (PPC), Emmanuil Panagiotakis, on…

Greek PM inaugurates annual Thessaloniki fair; unofficial state-of-the-economy address next up

Greek Prime Minister Alexis Tsipras inaugurated the 82nd Thessaloniki International Fair (TIF) in the northern Greece metropolis on Saturday, the biggest trade exhibition in the country and the venue for…

Regling: If Greece continues reforms, EZ members ready to consider more debt relief

It was ESM Managing Director Klaus Regling’s turn on Saturday to repeat European creditors’ constant message to Athens, namely: keep implementing agreed to reforms and debt relief is on the…

French FinMin Le Maire to “N”: Eurogroup decision for debt relief binding as long as Athens sticks to reforms

By Vassilis Kostoulas [email protected] Paris will continue pushing for an ambitious implementation of last year’s Eurogroup decision regarding debt relief, as long as Athens continues to meet its commitments regarding…

Friday, 08 September 2017

Greece’s si-Cluster renews cooperation with France’s Aerospace Valley on occasion of Macron visit to Athens

The Hellenic Space Technologies and Applications Cluster (si-Cluster) this week signed an extension of a bilateral strategic agreement with the famed Aerospace Valley cluster in France, a cooperative that includes…

Macron: Let’s finally bring Greek program to an end

Vassilis Kostoulas [email protected] French President Emmanuel Macron stayed “on message” again on Friday during the second day of his official visit to Athens, emphasizing that Greece needs debt relief but…