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Thursday, 21 September 2017

Eldorado postpones decision over suspension of mining activities in Greece; Mitsotakis praises development

Canadian multinational Eldorado Gold on Thursday announced that it temporarily postpone a decision on whether to suspend the bulk of its activities at its northern Greece gold and copper mining…

Govt claims two-thirds of fuel oil in sunken tanker pumped out

A relevant shipping deputy minister on Thursday said two-thirds of the stored fuel oil in a sunken tanker has been pumped out, as a repercussions from an oil spill continue…

Out-of-court settlement process for mid-range arrears in final stages

By S. Zisimos [email protected] The Greek government, systemic lenders in the country and creditors’ top auditors are in the final phase of negotiations over criteria for businesses’ inclusion in a…

Reuters: Greek govt eyeing bond issues, swaps ahead of bailout’s end in Aug. 2018

Greece’s finance ministry is reportedly planning new bond issues until August 2018 – when the current bailout ends – as well as swaps of 2012 issues worth 32 billion euros.…

Wednesday, 20 September 2017

Exports to non-EU countries increase in H1 2017; Italy remains top destination for Greek products

By J. Kanoupakis [email protected] Greek exports continued a 2017, with the latest figures released by the association of exporters showing an impressive increase in demand by third countries. Results for…

OECD: Greek economy stabilized in 2016; 1.1% GDP growth in 2017, 2.5% in 2018

The Organisation for Economic Co-operation and Development (OECD) on Wednesday projected growth in recession-plagued Greece to reach a very modest 1.1 percent in 2017, but jumping to 2.5 percent next…

EWG head Wieser: Supervision of Greek state finances even after bailout, until 75% of debts covered

Euro Working Group head Thomas Wieser was quoted by a Greek website this week as leaving open the possibility of additional austerity measures needed in Greece over the 2019-2020 period.…

Fallout continues over elimination of night-time shift at port of Thessaloniki by customs service

By V. Vegiri [email protected] The elimination of a night-time shift at the port of Thessaloniki’s gate 16 by the customs service has reportedly caused international shipping agencies to avoid the…

Fallout continues over elimination of night-time shift at port of Thessaloniki by customs service

By V. Vegiri [email protected] The elimination of a night-time shift at the port of Thessaloniki’s gate 16 by the customs service has reportedly caused international shipping agencies to avoid the…

Vessel that pumped fuel oil from sunken tanker intercepted; skipper arrested

Charges of chaotic reactions by state services in the wake of a small tanker’s sinking off the greater Athens area last week resurfaced anew on Wednesday, when the skipper and…

Postlane Partners withdraws interest for Neorion shipyards

By A. Tsimplakis [email protected] Postlane Partners this week withdrew its bid for the Neorion shipyards on the Cyclades island of Syros, thereby leaving only one offer on the table for…

Tuesday, 19 September 2017

Finance ministry officials confident Athens can exceed primary budget surplus target for 2017

By T. Tsiros [email protected] The latest – positive – “scenario” being tossed around in Athens this week by the finance ministry’s top officials holds that the target for the this…

Reports: Athens submits proposals for 1,300 MW worth of RES projects through 2020

By K. Deligiannis [email protected] Greece’s environment and energy ministry has reportedly submitted proposals to the EU Commission for renewable energy sources projects in the country estimated to total 1.2 to…

Industrial group criticises lack of competitive prices by high-voltage providers

By K. Deligiannis [email protected] The recent inauguration of electricity auctions in Greece, the well-known NOME sales mechanism, has apparently not boosted competition among alternative high-voltage producers, who provide the “lion’s…

1.214 bln€ over Jan-Aug to cover Greek state arrears towards private sector, a memorandum obligation

The Greek state allocated 1.214 billion euros over the January-August 2017 to cover arrears towards the private sector, the finance ministry announced this week. In August alone, the figure reached…

Two escaped Turkish convicts apprehended near border

Two escaped convicts, identified as Turkish nationals serving lengthy sentences for smuggling foreign nationals into Greece, were apprehended  in the Evros border prefecture on Monday, authorities said. The two inmates,…

Dombrovskis: Concluding third review depends on fulfilling prior actions; Tsipras govt preferred higher taxes

EU Commission Vice-president Valdis Dombrovskis this week reiterated that an “ideal timetable” for concluding the looming third review of the ongoing Greek program should extend by the end of the…

Monday, 18 September 2017

20-year extension of Athens airport concession to net 600 mln€ for privatization program

By F. Zois [email protected] A mostly expected approval by the Court of Audit, which reviews major state contracts, of a proposed 20-year extension of the current concession for the Eleftherios…

Non-prescription drug consumption, per capita consumption in Greece last among EU states

By G. Sakkas [email protected] The market in Greece for non-prescription drugs remains stuck in the 230-million-euro range over the past few years, with the per capita expenditure, in fact, last…

Tsipras gives ministers deadline to conclude third review by Nov.

By G. Kampourakis Greek Prime Minister Alexis Tsipras on Monday promised the “ASAP” implementation of “prior actions” by his government in order to conclude the looming third review of the…

National Bank report: Greek labor market recovery picks up, uptick in qualitative aspects

National Bank of Greece, in a report published on Monday, noted that employment growth in the recession-battered country picked up the second quarter of 2017 by 2.3 percent, yoy, and…

Israeli entry in this year’s Athens International Film Festival

Israeli director’s Shmuel Maoz’s “Foxtrot” will be among the entries in this year’s 23rd Athens International Film Festival, with showings set for Sunday, Sept. 24 at the Indeal movie theater,…

UNWTO reports banner month for Greek tourism in July 2017

By A. Tsimplakis [email protected] Total tourism-related revenues in Greece posted a significant increase in July 2017, compared to the corresponding month of 2016, up 14.2 percent yoy. Nevetherless, per capital…

Greek PM defends containment, cleanup effort in wake of unprecedented oil spill off greater Athens area

Greek Prime Minister Alexis Tsipras took to the airwaves on Monday morning nearly a week after the sinking of a small oil tanker west of the greater Athens area has…

Talks for obligatory sale of 40% of power utility’s lignite-fired capacity shift to Brussels

By K. Deligiannis [email protected] Deliberations between the government and the EU Commission over the sale of 40 percent of the state-run Public Power Corp.’s (PPC) lignite-fire production capability shift to…

Mild tremor near Alonissos on Sunday afternoon

A 4.2 on the Richter scale earthquake shook the central Aegean island of Alonissos on Sunday afternoon. The quake’s epicenter was located 21 kilometers northeast of the Greek island.…

Sunday, 17 September 2017

ND leader: Greece would have exited bailout in 2015 had leftist-rightist coalition govt not taken power

Main opposition New Democracy (ND) leader Kyriakos Mitsotakis again pressed his “jobs instead of handouts” pledge on Sunday, appearing at a press conference in Thessaloniki on the sidelines of a…

Six different direct taxes must yield 8.3mln€ by end of 2017 for Athens to meet fiscal target

Millions of taxpayers in Greece will face payment of up to six different taxes over the next 4.5 months, as the beleaguered leftist-rightist government must meet or exceed a 1.75-percent…

Saturday, 16 September 2017

Mitsotakis from Thessaloniki: ‘Greeks don’t deserve to live in misery’; cites liberal reforms everywhere

Greek opposition leader Kyriakos Mitsotakis laid out a wide-ranging reform package during a nationally televised address on Saturday evening, staying “on message” with pledges of less taxes, a smaller public…

Friday, 15 September 2017

ND’s Mitsotakis again pledges to allow non-state, non-profit universities in Greece

Main opposition New Democracy (ND) party leader Kyriakos Mitsotakis on Friday reiterated his pledge to work towards revising Greece’s constitution in order to allow non-profit, non-state universities to operate in…