English

Friday, 08 September 2017

Fewer domestic tourists in 2016 for Greece; higher tourism revenues from same group: statistics authority

Few Greek tourists were recorded in 2016, compared to 2015, although total tourism-related expenditures from this particular group increased, Greece’s independent statistics authority (EL.STAT) revealed on Friday. According to released…

Total, Suez CEOs detail sectors for possible investments in Greece

The heads of French energy and utility giants Total and Suez, respectively, on Friday referred to interest by their groups in Greece-based investments, speaking on the sidelines of an economic…

Piraeus Port Authority concludes tender, contract for new floating repair dock

The Piraeus Port Authority (PPA) SA on Friday announced the completion of a tender and finalization of a contract with Cosco SH (Dalian) Shipyard for the purchase of a new…

Macron meets with Greek opposition leader Mitsotakis on Fri.

French President Emmanuel Macron began the second day of his two-day visit to Greece on Friday by meeting with main opposition New Democracy party leader Kyriakos Mitsotakis. The center-right political…

IMF sources to ‘N’: Lagarde has accepted invitation to visit Athens, date in question

V. Kostoulas [email protected] IMF sources told “N” this week that the Fund’s managing director, Christine Lagarde, has accepted an invitation by the Greek president to visit the country. Nevertheless, the…

Thursday, 07 September 2017

Macron from Athens: A vision for Europe, soothing words for hosts …. and a reminder to implement reforms

V. Kostoulas [email protected] Emmanuel Macron spoke in Greek, with a French accent and a German tone. He called the Greek crisis a European crisis. He confidently said Greece was recovering. Europe…

Macron sets out his vision of a more ambitious, confident Europe from iconic Pnyx Hill in central Athens

French President Emmanuel Macron on Thursday evening set out his challenges and vision for a more “ambitious” European future on the very spot where the very notion of democracy first…

Mitsotakis: We’ll cut business tax rates to 20% within two years

Main opposition New Democracy (ND) leader Kyriakos Mitsotakis on Thursday promised to detail his center-right party’s positions on boosting entrepreneurship and creating a more business-friendly environment during an address this…

Macron in Athens: ‘Collective commitment’ needed to continue Greek reforms

French President Emmanuel Macron didn’t waste any time in directly referring to a need for a “collective commitment” by Greek leaders towards continuing reforms by still bailout-dependent, in his first…

Greek unemployment rate eases to 21.1% in June 2017

The seasonally adjusted unemployment rate in Greece for June 2017 fell to 21.2 percent, compared to 23.5 percent in the corresponding month of 2016. The downward revised figure for the…

Macron begins 2-day visit to Greece

French President Emmanuel Macron landed in Athens just after 1 p.m. (11 GMT) on Thursday to begin a two-day visit to Greece and talks with the country’s leadership. Macron, who…

Eurostat: Greece first in EU in terms of self-employed, 29%

Eurostat on Wednesday announced that Greece retains first place in the EU in the category of self-employed, with the figure at 29 percent of the workforce for 2016, followed by…

Wednesday, 06 September 2017

First autumn opinion poll gives ND a 7-point lead over ruling SYRIZA

Main opposition New Democracy (ND) party enjoys a 7-percentage point lead over ruling SYRIZA in the first major opinion poll released in the end-of-summer season. The poll was conducted by…

Separate culture ministry-affiliated council gives ‘green light’ to Helleniko land development project

Less than 24 hours after Greece’s Central Archaeological Council (KAS) failed to issue a decision delineating what – if any – portion of the old Athens airport and surrounding land…

Itinerary for Macron visit to Athens announced by PM’s office

The Greek prime minister’s office on Wednesday afternoon announced the official itinerary for the next day’s visit to Athens by French President Emmanuel Macron, noting that the latter’s meeting with…

First-ever e-auctions of foreclosed property this month in Greece; procedure expected to bypass opposition

The first-ever electronic auctions of foreclosed properties in Greece will reportedly commence next week, with commercial real estate up for sale to the highest bidder in the first phase. Environment…

Moscovici: Greece to remain under supervision until 75% of assistance to institutional creditors paid off

European Commissioner Pierre Moscovici offered up a “bitter pill” for Athens on Wednesday by stating that Greece would remain under fiscal supervision even after the current bailout program ends in…

Four Seasons to enter Greek market with luxury resort on iconic Vouliagmeni site

Global luxury hotel and resort operator Four Seasons is set to make its inaugural foray into the Greek tourism market next year, as the Astir Palace resort on Wednesday announced…

Athens, Sofia sign MoC eyeing rail links between commercial ports

The Greek and Bulgarian prime ministers, Alexis Tsipras and Boyko Borisov, on Wednesday signed a memorandum of cooperation envisioning increased rail links between the two southeast European neighbors. The two…

No decision taken by Greece’s archaeological council regarding landmark Helleniko investment; next session in 2 weeks

A very closely watched session of Greece’s influential Central Archaeological Council (KAS) ended in the early morning hours of Wednesday morning after eight hours of deliberations but without issuing a…

Trade group study: 4 out of 10 small-to-micro enterprises in Greece to turn to ‘grey economy’

Four out of 10 small-to-micro businesses in Greece are expected to transfer their commercial activities to the so-called “grey” or “underground economy” over the coming period due to a consolidation…

Greek sources: EU creditors miffed by continuing prosecution of ex-chief of Greek statistics authority

The soon-to-begin process to conclude the third review of the ongoing Greek bailout program dominated talks in Brussels on Tuesday between EU Commissioner Pierre Moscovici and Greek Finance Minister Euclid…

Finance ministry denies report claiming EWG block disbursement of 800mln€ sub-tranche of bailout money

Greece’s finance ministry on Tuesday evening dismissed a same-day press report claiming that representatives at the previous day’s Euro Working Group blocked the disbursement of an 800-million-euro sub-tranche of ESM…

Tuesday, 05 September 2017

Commission spox: Greek banks well-capitalized

An EU Commission spokeswoman on Tuesday reiterated that “Greek banks are well-capitalized and the priority is to address the issue of non-performing loans” in the country, in reply to a…

Moscovici reiterates ‘major’ democratic deficit in Euro zone decision-making

EU Commissioner Pierre Moscovici on Tuesday reiterated his criticism of a “democratic deficit” in the Euro zone, warning that the common currency area must reform itself on the basis of…

Greek state’s arrears to private sector jump in July; reach total of 5.435 bln€

The Greek state’s arrears to the private sector reached 5.435 billion euros by the end of July, an increase of 342 million euros from the total at the end of…

EWG reps on Monday grill Greek side over reforms, revisions, actions necessary to conclude third review

The Greek government reportedly got a “first taste” of Euro zone partners’ mood heading into negotiations for the third review of the ongoing Greek bailout program, during Monday’s Euro Working…

Macron visit to Greece this week the third by a French president during crisis years

By F. Zois and S. Zisimos The third official visit to Athens by a different French president over the crisis years in Greece – set for Thursday – is viewed…

Monday, 04 September 2017

Line Group MoC with Greek-Chinese chamber of commerce for Alibaba platform

The Line Group last week signed a MoC with the Greek-Chinese chamber of commerce, following the former’s agreement with Internet sales giant Alibaba to participate in its Global Service Partnership.…

Mitsotakis: Tsipras govt deliberately delaying licensing for Skouries gold mine complex

Main opposition leader Kyriakos Mitsotakis on Monday met with Hellas Gold workers in northern Greece, warning that the company’s mining operation at the Skouries site is threatened due to the…