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Monday, 11 September 2017

Large Mycenaean-era engraved tomb discovered in south-central Greece

One of the biggest Mycenaean-era engraved tombs discovered in recent decades has been pinpointed near the south-central Greece town of Orhomenos, the modern-day placename for the ancient settlement of Orchomenus.…

Djisselbloem, creditors’ auditors back in Athens this month

Eurogroup chairman Jeroen Djisselbloem will arrive in Athens on Sept. 25 for a meeting with Greek Finance Minister Euclid Tsakalotos. The report comes a day before creditors’ auditors are expected…

Mining multinational’s decision to abandon Greece generates sharp criticism; ministers reply to Eldorado

The sudden but not altogether surprise announcement by Eldorado Gold on Monday that it was suspending its subsidiary’s operations in Greece – due to systemic foot-dragging by Greek government, as…

Eldorado Gold to suspend Greece operations; impasse with govt cited as reason

By L. Kalamara [email protected] Mining giant Eldorado Gold announced on Monday that it will suspend its operations in Greece, following what it called three months of unsuccessful negotiations and talks…

Saturday, 09 September 2017

China Development Bank MoC with Greece’s Public Power Corp.

The head of China Development Bank (CDB), Wang Jining, on Saturday signed a MoC with the president of Greece’s state-run power utility, the Public Power Corp. (PPC), Emmanuil Panagiotakis, on…

Greek PM inaugurates annual Thessaloniki fair; unofficial state-of-the-economy address next up

Greek Prime Minister Alexis Tsipras inaugurated the 82nd Thessaloniki International Fair (TIF) in the northern Greece metropolis on Saturday, the biggest trade exhibition in the country and the venue for…

Regling: If Greece continues reforms, EZ members ready to consider more debt relief

It was ESM Managing Director Klaus Regling’s turn on Saturday to repeat European creditors’ constant message to Athens, namely: keep implementing agreed to reforms and debt relief is on the…

French FinMin Le Maire to “N”: Eurogroup decision for debt relief binding as long as Athens sticks to reforms

By Vassilis Kostoulas [email protected] Paris will continue pushing for an ambitious implementation of last year’s Eurogroup decision regarding debt relief, as long as Athens continues to meet its commitments regarding…

Friday, 08 September 2017

Greece’s si-Cluster renews cooperation with France’s Aerospace Valley on occasion of Macron visit to Athens

The Hellenic Space Technologies and Applications Cluster (si-Cluster) this week signed an extension of a bilateral strategic agreement with the famed Aerospace Valley cluster in France, a cooperative that includes…

Macron: Let’s finally bring Greek program to an end

Vassilis Kostoulas [email protected] French President Emmanuel Macron stayed “on message” again on Friday during the second day of his official visit to Athens, emphasizing that Greece needs debt relief but…

Fewer domestic tourists in 2016 for Greece; higher tourism revenues from same group: statistics authority

Few Greek tourists were recorded in 2016, compared to 2015, although total tourism-related expenditures from this particular group increased, Greece’s independent statistics authority (EL.STAT) revealed on Friday. According to released…

Total, Suez CEOs detail sectors for possible investments in Greece

The heads of French energy and utility giants Total and Suez, respectively, on Friday referred to interest by their groups in Greece-based investments, speaking on the sidelines of an economic…

Piraeus Port Authority concludes tender, contract for new floating repair dock

The Piraeus Port Authority (PPA) SA on Friday announced the completion of a tender and finalization of a contract with Cosco SH (Dalian) Shipyard for the purchase of a new…

Macron meets with Greek opposition leader Mitsotakis on Fri.

French President Emmanuel Macron began the second day of his two-day visit to Greece on Friday by meeting with main opposition New Democracy party leader Kyriakos Mitsotakis. The center-right political…

IMF sources to ‘N’: Lagarde has accepted invitation to visit Athens, date in question

V. Kostoulas [email protected] IMF sources told “N” this week that the Fund’s managing director, Christine Lagarde, has accepted an invitation by the Greek president to visit the country. Nevertheless, the…

Thursday, 07 September 2017

Macron from Athens: A vision for Europe, soothing words for hosts …. and a reminder to implement reforms

V. Kostoulas [email protected] Emmanuel Macron spoke in Greek, with a French accent and a German tone. He called the Greek crisis a European crisis. He confidently said Greece was recovering. Europe…

Macron sets out his vision of a more ambitious, confident Europe from iconic Pnyx Hill in central Athens

French President Emmanuel Macron on Thursday evening set out his challenges and vision for a more “ambitious” European future on the very spot where the very notion of democracy first…

Mitsotakis: We’ll cut business tax rates to 20% within two years

Main opposition New Democracy (ND) leader Kyriakos Mitsotakis on Thursday promised to detail his center-right party’s positions on boosting entrepreneurship and creating a more business-friendly environment during an address this…

Macron in Athens: ‘Collective commitment’ needed to continue Greek reforms

French President Emmanuel Macron didn’t waste any time in directly referring to a need for a “collective commitment” by Greek leaders towards continuing reforms by still bailout-dependent, in his first…

Greek unemployment rate eases to 21.1% in June 2017

The seasonally adjusted unemployment rate in Greece for June 2017 fell to 21.2 percent, compared to 23.5 percent in the corresponding month of 2016. The downward revised figure for the…

Macron begins 2-day visit to Greece

French President Emmanuel Macron landed in Athens just after 1 p.m. (11 GMT) on Thursday to begin a two-day visit to Greece and talks with the country’s leadership. Macron, who…

Eurostat: Greece first in EU in terms of self-employed, 29%

Eurostat on Wednesday announced that Greece retains first place in the EU in the category of self-employed, with the figure at 29 percent of the workforce for 2016, followed by…

Wednesday, 06 September 2017

First autumn opinion poll gives ND a 7-point lead over ruling SYRIZA

Main opposition New Democracy (ND) party enjoys a 7-percentage point lead over ruling SYRIZA in the first major opinion poll released in the end-of-summer season. The poll was conducted by…

Separate culture ministry-affiliated council gives ‘green light’ to Helleniko land development project

Less than 24 hours after Greece’s Central Archaeological Council (KAS) failed to issue a decision delineating what – if any – portion of the old Athens airport and surrounding land…

Itinerary for Macron visit to Athens announced by PM’s office

The Greek prime minister’s office on Wednesday afternoon announced the official itinerary for the next day’s visit to Athens by French President Emmanuel Macron, noting that the latter’s meeting with…

First-ever e-auctions of foreclosed property this month in Greece; procedure expected to bypass opposition

The first-ever electronic auctions of foreclosed properties in Greece will reportedly commence next week, with commercial real estate up for sale to the highest bidder in the first phase. Environment…

Moscovici: Greece to remain under supervision until 75% of assistance to institutional creditors paid off

European Commissioner Pierre Moscovici offered up a “bitter pill” for Athens on Wednesday by stating that Greece would remain under fiscal supervision even after the current bailout program ends in…

Four Seasons to enter Greek market with luxury resort on iconic Vouliagmeni site

Global luxury hotel and resort operator Four Seasons is set to make its inaugural foray into the Greek tourism market next year, as the Astir Palace resort on Wednesday announced…

Athens, Sofia sign MoC eyeing rail links between commercial ports

The Greek and Bulgarian prime ministers, Alexis Tsipras and Boyko Borisov, on Wednesday signed a memorandum of cooperation envisioning increased rail links between the two southeast European neighbors. The two…

No decision taken by Greece’s archaeological council regarding landmark Helleniko investment; next session in 2 weeks

A very closely watched session of Greece’s influential Central Archaeological Council (KAS) ended in the early morning hours of Wednesday morning after eight hours of deliberations but without issuing a…