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Friday, 15 September 2017

Employers’ group: Each person active in Greece’s private sector supports 2.8 either not employed or in public sector

Greece’s largest employers’ federation this week released figures showing that the ratio between the non-active (homemakers, juveniles, the elderly, unemployed people) and active population in the Greece is two to…

Greek FinMin: No need for extra austerity measures in 2018

Greek FinMin Euclid Tsakalotos on Friday forecast that his government will not need to take additional austerity measures in 2018, speaking hours after an informal Eurogroup meeting in Tallinn. Figures…

ECB opposes IMF demand over new stress tests, AQR for Greek banks

The initial results from Friday’s informal Eurogroup meeting in Tallinn, as far as bailout-dependent Greece is concerned, include the European Central Bank’s opposition to a standing IMF demand for an…

Size, value of proposals only obstacles so far in Juncker stimulus plan’s application in Greece

By V. Kostoulas [email protected] European Investment Bank (EIB) officials this week referred to the size and scope of proposals for prospective inclusion in its investment schemes, especially the so-called Juncker…

Greek Shipowners’ president tells UK minister London like a ‘second home to us’

By L. Karageorgos [email protected] London apparently still remains a magnet for Greek-controlled ocean-going shipping, despite the specter of “Brexit”, with the head of the Union of the Greek Shipowners telling…

Thursday, 14 September 2017

IMFpresses for asset quality review, stress tests for Greek banks

International Monetary Fund (IMF) spokesman Gerry Rice on Thursday confirmed that the Fund considers that new austerity measures in still bailout-dependent Greece may be possible. He also said an Asset…

Furor over oil spill off greater Athens area continues unabated

A furor over failure to fully contain an oil spill from a small tanker that sank under mysterious circumstances in the early morning hours Sunday off the greater Athens area…

Greece, EAEU countries reveal potential of economic cooperation between two sides

The inaugural ‘EAEU–Greece: A New Bridge for Cooperation and Development’business forum’, which within the framework of the Thessaloniki International Fair-Helexpo (TIF) 2017 was concluded in the northern Greece city this week.…

Reports: Internal Greek govt differences between ‘clean exit’, precautionary credit line after Aug.

By G. Kampourakis An off-the-record briefing by top finance ministry officials on Wednesday revealed that the ministry’s leadership considers the goal for concluding the third review of the current bailout…

Reports point to widening gulf between Tsipras, finance ministry; more austerity measures not ruled out

One unanswered question casting a shadow over official and unofficial Athens prior to negotiations to conclude the third review of the ongoing bailout program is whether current Finance Minister Euclid…

Oil spill continues to blacken so-called Athens riviera, Piraeus district

An oil spill over the weekend that has blackened Athens’ southeast coastline as far as the upscale Glyfada district and the waters off the major port of Piraeus turned political…

Sale of Greek rail operator to Italy’s Ferrovie Dello Stato finalized on Thurs; Greek, Italian PMs at ceremony

By F. Zois [email protected] The long-awaited transfer of shares to Ferrovie Dello Stato Italiane in order to finalize the privatization of Greece’s state-run rail operator, Trainose, comes on Thursday. The…

Greek govt feud with gold mining concessionaire on agenda of Friday’s Eurogroup: EZ source

By L. Kalamara [email protected] The very high profile row between the Greek state and a mining multinational with a gold and copper concession in northern Greece  has taken on international…

Wednesday, 13 September 2017

Cyta telecoms puts Greece subsidiary on the sale block

Cyprus telecoms operator Cyta on Tuesday officially announced that it was fielding offers for its Greek subsidiary, either for outright purchases of the company or as part of a merger…

Govt official doesn’t rule out more austerity measures for 2018

A top government official in Athens on Wednesday told reporters that a commitment to achieve specific fiscal targets in 2018 still stands. “… I don’t expect that there will be…

Second VLGC for Dryships

Dryships this week announced that it has received a second VLGC (Very Large Gas Carrier), with the vessel already commissioned for the next five years by a major oil company and…

Small tanker sinks off Athens, several coasts blackened with oil

The sinking of a small oil tanker in the Saronic Gulf in the early morning hours of Sunday has dumped 2,570 tons of heavy fuel oil into the waters south…

Tsipras govt deflects stinging criticism, says FDIs, liquidity increased over past 2 years

The government replied in its preferred “non paper” mode on Wednesday, attacking the rival center-right opposition and throwing out a bevy to numbers and figures to prove that it’s attracting…

Greek state issues two previously delayed Hellas Gold renewal licenses in record time

Three licenses promised to mining concessionaire Hellas Gold by Thursday were issued within hours on Wednesday by the relevant environment ministry, 48 hours after Canadian multinational Eldorado Gold very publicly…

Greek govt ‘about-face’ over troubled mining concession, promises 3 licenses by Thur., faster arbitration to resolve pending issues

The embattled Greek government on Wednesday said three pending licenses for the Olympiada mining complex will be issued the next day, a significant development that comes after Canadian multinational Eldorado…

Archaeological council meeting cancelled, no decision over Helleniko property redevelopment project

A closely watched session of Greece’s Central Archaeological Council (KAS) scheduled for Tuesday was called off, meaning no decision was taken for the Helleniko project – billed as the biggest…

Protesting Hellas Gold miners target environment ministry

Hellas Gold workers made good on their threat to target state buildings without warning, as a group of miners broke into the environment and energy ministry in central Athens on…

Tuesday, 12 September 2017

Minister rails over Fraport’s management of 14 recently privatized airports; company issues point-by-point denial

Greece’s relevant minister on Tuesday took aim at one of only a handful of landmark privatizations finalized under the current leftist-rightist coalition government’s watch, saying the consortium that took over…

ND sacks student leader who called for softer treatment of 106 undergrads caught handing in identical course paper

No less than 106 college students at a university in western Greece handed in an identical assignment last June, according to the Athens daily “Kathimerini” on Tuesday. The assignment was…

Greek econ minister meets with Dutch dairy cooperative FrieslandCampina’s leadership

The Netherlands’ ambassador to Greece Caspar Veldkamp and the CEO of FrieslandCampina Hellas Konstantinos Maggioros hosted a dinner in honor of Greek Economy Minister Dimitri Papadimitriou on Monday evening. The chairman of…

Moody’s: Eldorado’s plans to suspend investment in Greece is credit negative

Moody’s Investors Service commented that Eldorado Gold Corporation’s announcement that it plans to suspend investment in its assets in Greece is credit negative but has no immediate impact on the…

Commission reax on Eldorado Gold threat to abandon Greece investment

By N. Bellos [email protected] An exit of foreign companies from Greece would complicate efforts by creditors and partners to restore the country’s credibility and to again lure investments back to…

Fallout continues over Eldorado Gold’s threatened ‘Grexit’, feud with leftist govt

Monday’s abrupt decision by a Canadian multinational to suspend operations in recession-battered Greece in the face of systemic delays it blames on state opposition to its mining activities generated a…

Monday, 11 September 2017

Int’l press hones in on Eldorado development

The international fallout, as least as the press is concerned, from Monday’s abrupt announcement by Eldorado Gold that it is suspending its Greece operations mostly touched on the effect the…

Τiming of Eldorado Gold announcement annoys Tsipras govt; Handelsblatt sounds warning over privatizations

Monday’s announcement by Canadian multinational Eldorado Gold that it was suspending operations in Greece because of regulatory hurdles was angrily by the leftist-rightist coalition in Athens, with the main opposition…