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Tuesday, 11 July 2017

Court of Audit OKs contract for Thessaloniki Port Authority concession

By V. Vegiri [email protected] The Court of Audit this week approved the concession contract for the privatization of the Thessaloniki Port Authority by a consortium comprised of DIEP -Terminal Link-Belterra, which…

IMF’s Thomsen to Bloomberg: DSA for Greek debt ready, will be discussed on July 20

IMF’s European department director Poul Thomsen on Tuesday said a debt sustainability analysis for the Greek debt is ready and has already been sent to the Fund’s executive board members.…

Hellenic Financial Stability Fund chairman tenders resignation

The Hellenic Financial Stability Fund (HFSF) on Tuesday announced that its chairman, George Michelis, has tendered his resignation to the Greek finance minister. In a press release sent out by…

‘Inspire Project 2017: A Deed Without a Name’ exhibition opens this week at Thessaloniki museum

Several works by Israeli artist Ruthi Helbitz Cohen and by new artists will be on display at the exhibition “Inspire Project 2017: A Deed Without a Name”, which opens on…

Cyprus discussed in Parliament; Athens: negotiations failed because Ankara wants to keep troops, intervention right vis-a-vis island

The long-standing Cyprus issue took center-stage in Greece’s Parliament on Tuesday morning with Greek Prime Minister Alexis Tsipras briefing MPs over the recent – and ultimately failed – UN-brokered negotiations…

Samsung purchases Athens-based hi-tech firm specializing in synthetic voice tech

A Greece-based company active in the synthetic voice technology sector has been purchased by Korean electronics giant Samsung. No figures were released for the agreement, although both sides, Samsung and…

Monday, 10 July 2017

Regling: Right moment now to facilitate future Greek foray into capital markets

ESM Managing Director Klaus Regling on Monday referred to a “good time” at present to facilitate Greece’s future foray into the capital markets, speaking at Monday’s Eurogroup meeting in Brussels.…

Former high court president Thanou to assume prime ministerial legal dept.

The recently departed president of Greece’s supreme court, Vassiliki Thanou, will assume the prime minister’s legal office, a relevant press release announced on Monday afternoon. Thanou, who was obliged to…

Tsipras-Pence phone contact on Mon.

Greek Prime Minister Alexis Tsipras spoke with US Vice-President Mike Pence on Monday, with the latest developments in negotiations over the long-standing Cyprus issue discussed. According to a press release…

Minister: Varoufakis did brief Cabinet in 2015 over IOU plan, ‘which I support’

A current Cabinet member on Monday confirmed that controversial Greek finance minister Yanis Varoufakis did, in fact, present a “voucher payment” plan to ministers back in 2015, near the climax…

EIB financing of Cosmote with 150-mln€ loan

The European Investment Bank (EIB) announced the completion of a 150-million-euro financing agreement with Greece-based Cosmote Mobile Telecommunications SA, with financing aimed to boost the telecoms provider’s 4G/4G+ mobile broadband…

Rioting at migrant-refugee shelter on island of Lesvos

Rioting was reported at a temporary shelter on the eastern Aegean island of Lesvos, the hardest hit Greece’s islands from the roughly two-and-a-half-year refugee/migrant crisis that has witnessed upwards of…

7.7 bln€ in ESM loan money released to Greece

The Euro zone’s European Stability Mechanism (ESM) confirmed on Monday that 7.7 billion euros, out of a total tranche of 8.5 billion euros, flowed into Greek state coffers. “Related to…

Energy-envirnoment minister: Govt will proceed with natgas operator’s privatization, sell-off of several lignite-fired power units

By K. Deligiannis & T. Igoumenidi Greek environment and energy minister Giorgos Stathakis appeared optimistic over a handful of major “prior actions” that his ministry must oversee towards implementation, as…

Press reports: Creditors reportedly ask for detailed info on govt intent to purchase Thessaloniki’s urban bus system

The management of Thessaloniki’s private but state-subsidized urban bus network (OASTh) is reportedly considering various legal actions to block the stated nationalization of the mass transit monopoly in northern Greece’s…

Sunday, 09 July 2017

Southern Aegean region, Crete in top 30 EU tourist destinations for 2015

The islands of the southern Aegean (i.e. mostly the Cyclades) and Crete were among the 30 most popular tourism destinations in the EU during 2015, the last year for which…

‘Receipt lottery’ in the works in Greece

Greece’s tax bureau will commence a “receipt lottery” next month, with cash prizes awarded to randomly picked taxpayers and based on the amount of e-transactions they undertake. The so-called receipt…

Saturday, 08 July 2017

Path to third review of Greek program entails implementation of 113 ‘prior actions’ by end of year

The third review of the Greek program (third bailout) now takes “center stage” in the ongoing bailout saga that will, if all goes as planned, end in August 2018. In…

14.8% point lead for Greece’s main opposition party in latest poll

One of the biggest opinion poll leads enjoyed by main opposition Ne w Democracy (ND) party over ruling SYRIZA emerged over the weekend, with the former given a 14.8-percentage point…

Friday, 07 July 2017

Zeus Int’l expands cooperation with Wyndham Hotel Group; handful of renovated resorts debut

By V. Vegiri [email protected] Another hotel in Greece will come under the Zeus International management by the end of the year, part of an expanding partnership framework between the former…

Hel.Pe MoC with state, asset fund to sell-off majority stake in natgas system operator

A general assembly of Hellenic Petroleum (Hel.Pe) shareholders this week approved of a Memorandum of Cooperation (MoC) between the petrochemical group, the Greek state and the Hellenic Republic Asset Development…

29th int’l conference of philosophy hosted on Rhodes this week

The 29th international conference of philosophy commenced on the Dodecanese island of Rhodes began on Friday and will continue until Wednesday, with the theme of this year’s international and high-profile…

Tourism revenues down in Q1 2017; govt still aims for 30 mln arrivals target this season

Tourism-related remittances reached 489 million over the first quarter of 2017, a decrease of 9.2 percent over the corresponding period of 2016, the Bank of Greece (BoG) announced on Friday,…

IOBE maintains Greek GDP growth forecast of 1.5%

By J. Kanoupakis [email protected] The Greek economy is moving within a projected growth orbit but at significantly slower rates than possible and desired, the Athens-based Foundation for Economic & Industrial…

High court overturns liberalization of pharmacy ownership regime on procedural grounds; presidential decree needed

The Council of State (Cos), Greece’s high administrative court, on Friday overruled a previous ministerial decision stipulating the terms and conditions for opening pharmacies in the country by non-pharmacists. Operation…

Tsipras undergoes hernia operation

Greek Prime Minister Alexis Tsipras underwent a hernia operation on Friday at a private Athens clinic, according to a press release provided by his office. Tsipras is due to address…

ESM ‘green light’ sends 8.5 bln euros in bailout cash to Greece on Fri.

The European Stability Mechanism (ESM) on Friday approved the disbursement of 8.5 billion euros in bailout loan money to Greece, three weeks after the second review of the Greek program…

Greek govt finally OKs liberalization of Sunday store hours regime; latter a ‘prior action’

A relevant economy minister on Friday finally signed a decree freeing up state prohibitions on Sunday store hours in a handful of urban districts in both Athens and Thessaloniki, hours…

US tourist killed in reported street fight on Zakynthos

A 22-year-old American tourist was fatally beaten in the early morning hours of Friday at a tourist enclave in the town of Lagana, on the Ionian island of Zakynthos. In…

Govt announces nationalization of loss-making Thessaloniki bus system

Amid a wave of memorandum-mandated privatizations in still bailout-dependent Greece one entity in the country is apparently passing into state control: the urban bus system in the northern metropolis of…