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Thursday, 27 July 2017

BoG: Bank deposits in Greece up by 771 mln€ in June

Greece’s central bank on Thursday announced that deposits in domestic banks by households and non-profit institutions increased by 771 million euros in June, compared with a decrease of 214 million…

FT: New Greek bond fifth most traded euro debt; nearly half of investors from US, followed by UK

FT on Wednesday reported that Greece’s five-year, three-billion-euro bond on Tuesday was the fifth most-traded euro-denominated sovereign debt in Europe. According to the international media provider, in an article bylined…

Another instance of mass transit vandalism by self-styled anarchists reported; hours after Parliament security breach

The latest instance of anarchist-related violence occurred on Wednesday evening when between 10 to 15 sledge hammer-wielding perpetrators smashed ticket dispensers and validation machines at the Perissos electric train (ΙSAP)…

Property owners: Highest ‘AirBnB’ tax imposed by Greek state to reach ‘predatory’ 55%

Greece’s federation of property owners, known by its Greek-language acronym of POMIDA, this week charged that the government is attempting to impose what called “predatory” tax rates on short-term leases,…

Two dead in crash of single-engine plane in central Greece on Wed.

Two bodies were recovered from the wreckage of a small plane that went down overnight outside the central Greece city of Larissa. The two victims had taken off with the…

Prince Charles, Camilla on Corfu this week

Prince Charles and his wife, Camilla, the Duchess of Cornwall, arrived in the Ionian island of Corfu on Wednesday afternoon for a holiday stay at the Rothschild estate.   The…

Greek gov’t aims to curb prospects for Uber-like services

The leftist government is expected to submit a draft bill in September that will reportedly prescribe the imposition of heavy fines against the owners of private vehicles used to transport…

Wednesday, 26 July 2017

PPC power utility eyes expansion into massive Turkish market

By K. Deligiannis [email protected] The management of the state-run Public Power Corp. (PPC) on Tuesday unveiled a plan to expand activities to neighboring Turkey, the biggest electricity market in the…

Greek

An across-the-board interview by the IMF’s mission chief for Greece to “N” this week apparently “ruffled feathers” in Athens, with Greek Prime Minister Alexis Tsipras charging that the people “who…

Greek PM Tsipras irked by Velculescu statements in”N” interview; says IMF predictions have often missed mark

An across-the-board interview by the IMF’s mission chief for Greece to “N” this week apparently “ruffled feathers” in Athens, with Greek Prime Minister Alexis Tsipras charging that the people “who…

Acropolis Museum open until midnight for August full moon; concert also scheduled

The New Acropolis Museum, the country’s most popular and cutting-edge museum, will again mark August’s full moon with special events. Entrance is free. An evening concert is scheduled for Monday…

Extension of deadline for retailers to install e-transactions terminals likely

The relevant finance ministry on Wednesday is reportedly considering a “silent” extension of a deadline for all retail businesses to install electronic transaction terminals (POS) on their premises. A circular…

EBRD signs first project under Greek renewable energy framework

The EBRD on Wednesday signed an inaugural project under its new framework for renewable energy in Greece by subscribing to €28.3 million in bonds issued by Hellenic Petroleum, Greece’s biggest…

Parliament Budget Office: Market exit positive; reform path must continue

Parliament’s independent Budget Office on Wednesday referred to a “positive development” with the previous day’s first exit by the Greek state to test sovereign debt markets in three years. In…

Hellenic Petroleum prices additional new notes placement, raising €79m, with a yield of 3.333%

Hellenic Petroleum (Hel.Pe) on Wednesday announced that its wholly owned subsidiary, Hel.Pe Finance Plc, successfully issued new notes priced at 74.5 million euros, which will be consolidated and form a…

Strike by union representing culture ministry staff to keep Athens-area sites, museums closed during weekend

A union representing culture ministry employees has chosen the upcoming weekend, amid the height of the ongoing summer tourism season, to announce a 48-strike at museums and archaeological sites in…

Athens pleased with re-entry into capital markets after 3-year absence

The Greek state’s “debut” in international sovereign debt markets on Tuesday drained three billion euros out of the four billion-euro target it said it wanted, although the overall development was…

Delia Velculescu to “Ν”: Greek authorities still have a “full agenda” before them

By Vassilis Kostoulas [email protected] Greece’s testing of the markets must adhere closely with the current program’s objectives and targets, as the Greek side still has a “full agenda” of reforms…

Tuesday, 25 July 2017

Greek FinMin pleased with Tues. bond issue; reveals second and third forays into capital markets will be attempted

Greek Finance Minister Euclid Tsakalotos expressed his satisfaction with the results of a five-year bond issue concluded on Tuesday, the first by the bailout-dependent Greek state since 2014, months before…

Greek govt thoroughly pleased with Tues. bond issue results

Greek government sources on Tuesday referred to an “absolute success” and a confirmation of the positive course of the Greek economy, immediately after a five-year bond issue offering concluded with…

Higher VAT remittances in H1 2017 boost revenue take

By T. Tsiros [email protected] VAT remittance targets for the first half of the year were mostly achieved on the back of the successful completion of a concession transferring the management…

Greek five-year bond expected to offer 4.625% yield

Greece will price its five-year benchmark bond issue with a 4.625-percent yield, according to numerous press reports in the afternoon.   The order book also exceeds 6.5 billion euros, including 156.8…

Reuters: IOIs for Greek 5-year euro bond above 5.5 bln€

Reuters put the interest rate for Greece’s five-year euro benchmark bond sale are at above 5.5 billion euros, citing its sources. According to the news agency, the figure includes orders…

Tsipras buoyant over Tuesday bond issue in welcoming Moscovici

Greek Prime Minister Alexis Tsipras referred to the successful, as he said, return of the bailout-dependent country to the capital markets on Tuesday with a same-day rollover five-year bond issue,…

Varoufakis to Tsipras govt over bond issue: Either apologize to previous govt or stop insulting celebrations

Yanis Varoufakis on Tuesday aimed squarely at the same-day first foray by the Greek state into the markets since 2014, headlining – on the Greek-language side – an online post…

Banks forecast Tuesday’s Greek bond issue yield at 4.875

The first estimates on Tuesday morning (Athens time) put a yield on the same-day five-year bond issue that Athens will float at 4.875 percent, according to banks acting as joint…

Monday, 24 July 2017

Minerva Marine choses RINA for MRV certification

Minerva Marine has chosen RINA, the Italian classification, certification, testing and inspection company, to certify its compliance with the EU’s Monitoring, Reporting, Verification (MRV) regulation. Minerva, a Greek-controlled company, manages…

Tender for concessions at port of Alexandroupolis in the autumn

By V. Vegiri [email protected] The management of the state-run Alexandroupolis Port Authority, a small but very strategic port in extreme northeast Greece, this week reported that an international tender to…

MoU between SE Europe natgas system operators, including DES.FA, for prospective vertical corridor

A MoU was signed in Bucharest last week between Greece’s natural gas transmission system operator (DES.FA) with its Bulgarian, Romanian and Hungarian counterparts – Bulgartransgaz, Transgaz and FGSZ, respectively –…

Schaeuble: Greek crisis his most dramatic moment in last four years; Greece now on a ‘good path’

Influential German Finance Minister Wolfgang Schaeuble calls the Greek crisis in the summer of 2015 the most dramatic crisis in the last four years of his tenure at the post.…