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Wednesday, 08 November 2017

Chamber agenda focuses on next June’s ‘Belt and Road Initiative’ in Athens

The newly established Greek-Chinese Chamber of Economic Cooperation convened on Tuesday at the Port of Piraeus’ offices, with the port authority CEO, Capt. Fu Chengqiu, welcoming members of the chamber.…

ΒοG study: Use of debit, credit cards to continue even after lifting of capital controls

The rapid increase in the use of credit and debit cards, even after the complete lifting of capital controls in Greece, will not decrease, according to results in a study…

Helleniko consortium: Only one out of 10 contractual conditions to begin project completed by state

By T. Igoumenidi [email protected] Only one out of 10 major contractual conditions set by the consortium awarded the real estate concession at the Helleniko site, in order to commence the…

Govt eyeing options for resumption of foreclosed property auctions; protests, abstentions have blocked process

The Greek government appears ready to ensure the holding of auctions of foreclosed properties and the safety of notaries, after another round of pressure by creditors this week to finally…

Tuesday, 07 November 2017

Israeli DM Lieberman in Athens this week

Israeli Defense Minister Avigdor Lieberman arrived in Athens this week for talks with the political and military leadership of Greece’s defense ministry. Following talks with his Greek counterpart, Panos Kammenos,…

Report: Greek tax authorities to begin ‘Paradise Papers’ probe

The head of Greece’s independent public revenues authority has reportedly ordered an investigation into whether the now infamous “Paradise Papers” include names of Greek taxpayers. The huge leak of secret…

EBRD issues same growth forecasts for Greece: 2% in 2017, 2.2% in 2018

The European Bank for Reconstruction and Development (EBRD), in its latest report, issued the same forecasts for Greek GDP growth for 2017 and 2018: 2 and 2.2 percent respectively. The…

Canadian miner’s subsidiary again pursues legal route to unblock govt opposition to Skouries site

A simmering row between the leftist-rightist coalition government and the Greek subsidiary of Canadian miner Eldorado Gold continued on Tuesday, as the latter filed a petition with Greece’s highest administrative…

Arrears to state continue to increase amid higher direct, indirect taxes

By G. Palaitsakis [email protected] Figures released this week by the independent authority for public revenues showed a worrying hike in the number of taxpayers, SMEs and businesses with outstanding arrears…

Weapon used in Monday’s attack outside PASOK offices same as in 3 other urban terror incidents

A shadowy urban terrorist group is reportedly behind the assault rifle attack outside the offices of the PASOK party in central Athens on Monday afternoon. Greek authorities said spent cartridges…

Associations of notaries vote to abstain from foreclosed property auctions until end of year

By N. Malliara [email protected] The latest “monkey wrench” in efforts to again resume auctions of foreclosed property in the country, especially assets belonging to major debtors and corporate entities, emerged…

Monday, 06 November 2017

Decrease in Greek shipping registry, despite overall hike in number of vessels

While Greek-controlled shipping increased its percentage of the global fleet, the number of vessels (above 1,000 gt) on the Greek registry fell slightly, with the difference seen in the commensurate…

Reports from Eurogroup: Draghi cites importance of dealing with Greek NPLs, stalled property auctions

Eurozone finance ministers emphasized the need for the Greek government to continue agreed to reforms, according to reports related to the Eurogroup meeting in Brussels on Monday. Moreover, ECB President…

Gunfire reported outside PASOK offices in central Athens

Gunfire was reported on Monday afternoon outside the offices of the PASOK political party, in downtown Athens. The incident occurred at roughly 8 p.m. (18.00 GMT). According to reports, at…

Board reshuffle at HRADF, Aris Xenofos assumes chairman’s position

Greece’s privatization fund, the Hellenic Republic Asset Development Fund (HRADF), on Monday announced a board of directors’ reshuffle, in line with a relevant decision by the Hellenic Corporation of Assets…

Greek shipping continues to hold global lead; Japan, Germany lose share

L. Karageorgos [email protected] Greece’s all-important shipping sector increased its share of the global fleet and widened the distance from its nearest competitors, with Greek shipowners and Greek-controlled companies accounting for16.71…

Statistics authority: Greek households’ disposable income, consumer spending reduced in 2016

Greek households and non-profit entities that serve households lost 2.7 billion euros in disposable income (or 2.3 percent) in 2016, according to Greece’s independent statistics authority (EL.STAT). According to figures…

Letta to “N”: Greece was Eurozone’s first real test; things moving in right direction

Βy Vassilis Kostoulas [email protected] Greece is the Eurozone’s first real test, and efforts to deal with the Greek crisis have not yet finished, although things are moving in the right…

Sunday, 05 November 2017

Govt dismisses poor ranking in WEF’s competitiveness report, claims 4 bln€ in FDIs in 2017

Greece’s relevant development and economy ministry issued a quick response over the weekend to a yet another negative international ranking touching the recession-battered country’s competitiveness, claiming that foreign direct investments…

Greek tax authorities ready online platform for mandatory declaration of AirBnB-type properties; hefty fines foreseen

The independent public revenues authority is reportedly ready to launch a special online platform owners leasing residential lodgings in Greece on a short-term basis must declare the specific property, the…

Statistics authority: Crisis years exacerbated demographic crisis in Greece; lowered living standards

By T. Tsiros [email protected] The crisis years in Greece have exacerbated long-term problems in the country, such as a demographic decline, while negatively – and one would expected – affecting…

Saturday, 04 November 2017

Der Spiegel refers to growing phenomenon of young, educated ‘working poor’ in Greece

The onslaught of a new negative trend in still bailout-dependent Greece, what’s dubbed as the “working poor”, is the focus of a latest Der Spiegel article, namely, young adults with…

Ryanair to feature 14 routes to foreign destinations from Thessaloniki in off-season

Ryanair this week announced its winter 2017-18 schedule for Thessaloniki’s Macedonia Airport, with flights to Naples (twice a week) debuting this season. Fourteen destinations are served by Ryanair from Thessaloniki,…

Reports: Onex group close to deal for Syros shipyard; US envoy refers to military interest in Alexandroupolis port

By A. Tsimplakis [email protected] The US ambassador to Greece, Geoffrey Pyatt, on Friday referred to the pending transfer, as he said, of the Neorion group shipyard on the Cyclades island…

Friday, 03 November 2017

Mitsotakis: Govt’s lax attitude, early release law for felons behind crime surge; Tsipras dismisses criticism

An end-of-the-week debate in Parliament on the “hot-button” topic of crime and public safety generated sparks on Friday, with main opposition New Democracy (ND) Kyriakos Mitsotakis directly blaming what he…

Provision in draft bill allows relocation of Athens’ sole casino

Greece’s finance ministry, as expected, has included a provision in a tabled draft bill on gaming that allows for the relocation of the greater Athens area’s sole casino from atop…

Regling: Creditors to decide at end of third bailout if Athens needs more debt relief

European Stability Mechanism (ESM) Managing Director Klaus Regling clarified on Thursday that Greece’s institutional lenders will decide next August whether the thrice-bailed out Eurozone member will need further debt relief.…

Six Italian nationals detained after Thursday’s hooliganism at Athens metro station

Six Italian nationals, identified as fans of AC Milan, were detained by Greek police in Athens late Thursday in relation to serious hooligan violence at a metro station hours before…

Press reports: Turkish military chopper overflies one of 2 Imia isles

Press reports in Athens on Friday morning referred to a latest Turkish provocation in the eastern Aegean, and specifically the flight of a Turkish military helicopter over one of two…

Govt ready to again dole out social benefit from excess of fiscal target; creditors briefed this year

An extraordinary “social benefit” will again be doled out by the leftist-rightist government come Christmas time this year – similar to a 617-million-euro “holiday bonus” allocated last year – from…