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Wednesday, 30 Αυγούστου 2017

PM Tsipras tours new 300 mln€ cigarette plant, tells workers he was skeptical of investment when first briefed

Alexis Tsipras’ first visit to large private sector enterprise as Greek prime minister yielded a tantalizing bit of news on Tuesday, as the latter told assembled workers at a new…

Mini political furor over govt’s back-and-forth on college entrance exams

A late summer political furor has erupted in Greece over a government proposal to change the way college entry in the country is achieved, with the relevant minister partially back-tracking…

Tuesday, 29 Αυγούστου 2017

German multinational P&I picks NW city of Ioannina for its Greece HQ

German multinational P&I (Personal & Informatik) AG on Tuesday announced that it will inaugurate its new subsidiary in Greece (P&I – Hellas Ltd.) in the northwest city of Ioannina on…

Memorandum-mandated target to reduce PPC’s market share by end of year appears fleeting

Greece’s independent power regulator, officially called the “Operator of Electricity Market”, this week announced that state-owned Public Power Corp.’s (PPC) market share rose by 0.22 percent last month, month-on-month, to…

Motor Oil reports 41% hike in H1 2017 turnover

Greek refinery and petrochemical conglomerate Motor Oil posted encouraging H1 2017 results this week, with the highlight being a major increase in turnover and improved profit margins. Turnover rose by…

Thessaloniki chamber president: Recent meeting between PM and local business leaders ‘disappointing’

The president of Thessaloniki’s professional chamber of commerce this week said a recent meeting between the area’s business leaders and chamber officials with Greek Prime Minister Alexis Tsipras was “disappointing”.…

Public order minister: Wilfires on Zakynthos part of ‘organized plan’

Greece’s relevant public order minister on Tuesday said he was “certain” a recent major wildfire on the Ionian island of Zakynthos was the result of an “organized plan by arsonists”.…

Well-known Greek children’s charity decries ‘unbearable’ property tax burden

Two of Greece’s best-known children’s charities have been hit with an expensive property tax bill for 2017, with the SOS Children’s Villages slapped with a 95,000-euro bill and the “Smile…

AirHelp: More flights over summer season at most Fraport-managed airports in Greece

Nine out of the 10 biggest regional airports in Greece now managed by a German-Greek consortium as of last March posted an increase in outgoing flights over the ongoing summer…

Top arbitration court orders Serbia to pay Mytilineos 40 mln$ in damages

The Hague-based Permanent Court of Arbitration has ruled in favor of the Mytilineos mining group in its dispute with the state of Serbia, a legal battle stemming from a defunct…

Deadline for expression of interest in state-owned military vehicle company expires without bid

No expressions of interest were submitted in a tender for the state-run Hellenic Vehicle Industry (ELVO), as a relevant deadline expired on Monday, according to the president of the union…

Monday, 28 Αυγούστου 2017

Greek ag minister promises to scrap unpopular wine tax by end of year

The relevant agriculture minister over the weekend promised wine producers that his leftist-rightist government will abolish an unpopular special levy on wine consumption by the end of the year, one…

Private sector bank deposits up for third consecutive month; still at 14-year low

Private sector bank deposits increased for a third consecutive month in June 2017, according to the Bank of Greece (BoG), with the total reaching 121.25 billion euros during that month,…

Public revenues authority wants stricter fines, penalties for bullying, assaults on tax inspectors

A recent spate of bullying and even assaults against tax inspectors in the recent period, especially on a handful of well-known islands, appears to have set in motion a plan…

Massive surge in tourist arrivals to Greece from Balkan neighbors since 2009

By L. Karageorgos [email protected] Tourist arrivals from Greece’s southeast European neighbors have posted a massive increase over the current economic recession in the country, according to figures collected by the…

Property tax notices in Greece electronically dispatched ; 3.153 bln€ budgeted for state coffers

Annual property tax payment notices were electronically sent to roughly seven million owners with at least one holding to their name in Greece over the weekend. The independent public revenue…

Friday, 25 Αυγούστου 2017

Greek banks reduce foreign presence by 64% since 2012; boost liquidity, capitals from sell-offs

By A. Doga [email protected] Greek systemic banks’ obligation to downsize or sell-off their overseas operations has dramatically decreased their relevant networks abroad by 64 percent, with the result, however, translating…

Guardian: European countries to begin repatriation of asylum seekers to Greece

European countries are expected to immediately resume the repatriation of third country asylum seekers back to Greece, in case the latter is the first EU country they entered, according to…

Hellas Gold workers’ reps pressure govt to issue licenses, continued cooperation with mining company

Representatives of workers employed by the Hellas Gold mining company met with the relevant environment and energy ministry general secretary on Thursday afternoon in Athens, part of efforts by the…

STR Global: Higher occupancy rates, ADR for Athens area hotels in July

By L. Karageorgos [email protected] Hotels in the greater Athens area reported positive results for July 2017, with the occupancy rate reaching 91.4 percent, up 1.9 percent from the corresponding month…

PPC to sign MoU with China Development Bank next month

By V. Vegiri [email protected] State-run Public Power Corp. (PPC), the dominant electricity provider in Greece, is set to sign a MoU with China Development Bank (CDB) on the sidelines of…

Thursday, 24 Αυγούστου 2017

Shortfall in tax revenue targets for Jan-Jul period reported by Athens

By T. Tsiros [email protected] A shortfall of 338 million euros in the target for revenues from individual tax returns was recorded in the first seven months of 2017, according to…

Eldorado Gold CEO to “N”: Investment in Greece under review

By L. Kalamara [email protected] Canadian mining multinational Eldorado Gold will review its investment plans for Greece, CEO George Burns told “N” this week in an interview, as the biggest industrial…

Appellate level prosecutor recommends indictment against former Siemens Hellas chief; another 2 German executives on bribery charges

An appellate level prosecutor in Athens has recommended an indictment against former Siemens Hellas CEO Michalis Christoforatos on charges of bribery related to a massive contract for the ill-fated C4I…

Wednesday, 23 Αυγούστου 2017

Berlin clarifies position on ESM in the wake of Bild article

Germany’s finance ministry on Wednesday issued a quick clarification after a same-day Bild article claimed that German FinMin Wolfgang Schaeuble has “reversed” his position over any future transformation of the…

6K applications so far for out-of-court settlement process

By S. Zisimos [email protected] More than 5,000 individuals and businesses with private sector arrears have so far submitted at least a portion of the paperwork needed for inclusion in an…

Estonian EU presidency spox: We remember all the victims of totalitarian, authoritarian regimes

Βy Vassilis Kostoulas [email protected] A spokesman for Estonia’s EU Presidency on Wednesday stepped into the increasingly acrimonious political furor in Greece this week over the leftist Tsipras government’s decision to…

Progress in terms of Greek privatizations by end of year crucial in concluding third bailout review

By T. Tsiros [email protected] Privatizations in still bailout-dependent Greece will again come under scrutiny in the coming period, as the leftist-rightist coalition government expects the commencement of negotiations with creditors…

Tuesday, 22 Αυγούστου 2017

Snam-led consortium one of six suitors for majority stake in Greek natgas transmission system operator

Italian energy giant Snam is the protagonist in a consortium comprised of four European natgas operators that has submitted a bid in the first phase of the current privatization for…

PPC tender in Sept. for consultant to manage customer base, massive arrears portfolio

By K. Deligiannis [email protected] Greece’s state-run dominant power company, listed Public Power Corp. (PPC), is set to hire a consultant next month as part of efforts to more effectively manage…