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Wednesday, 30 Αυγούστου 2017

Estonian minister sends high-profile reply to Greek counterpart over ‘no show’ at con’f on ‘Victims of Communist and Nazi Regimes’

A biting response by Estonian Minister of Justice Urmas Reinsalu to his Greek counterpart Stavros Kontonis was widely circulated in Greek media on Wednesday, in the wake of the latter’s…

Tax evasion ‘safari’ in well-known Greek tourist spots continues to snag major violators

Tax inspectors are continuing a “safari” around Greece’s prime tourist regions at the end of August, with several indicative examples of alleged tax evasion and VAT avoidance released to the…

ASTA Destination Εxpo 2018 to be held in Athens next April

The ASTA Destination Εxpo 2018 will be held in Athens next April, Greek Tourism Minister Elena Kountoura confirmed this week, speaking at the annual conference of the American Society of…

Modification of capital controls, rather than relaxation, set for Friday

A further modification of capital controls in Euro zone member Greece – a continuing “byproduct” from shambolic negotiations with creditors in the first half of 2015 – will come on…

EU: Econ outlook improved in Greece this month

The economic outlook improved in Greece this month, according to the monthly report issued by the EU over the course of the economy in the Union. Specifically for Greece, the…

US govt offices in Greece closed on Mon. for Labor Day

The US embassy in Athens and its consular section, the US consulate general in Thessaloniki, and all US government offices in Greece will be closed on Monday, Sept. 4, 2017,…

Greek FM in Skopje on Thur.; meeting with neighboring country’s top leadership scheduled

Greek Foreign Minister Nikos Kotzias will visit the foreign Yugoslav Republic of Macedonia (fYRoM) on Thursday, where he is scheduled to meet with his counterpart, Nikola Dimitrov. Expanded talks between…

Lampsa group eyes sale, lease, construction of another three Syntagma Sq hotels

By L. Karageorgos [email protected] At least three new luxury urban resorts on or next to Syntagma Square, in the heart of Athens, is the target of Greece-based hotel developer and…

Massive labor market omnibus draft bill tabled in Parliament; creditors reportedly give ‘green light’

By S. Papapetros [email protected] A labor ministry draft omnibus bill was tabled in Parliament on Tuesday afternoon after reportedly receiving the “go ahead” from Greece’s institutional creditors. The draft legislation…

EY study: Greece lagged behind other Med destinations in terms of FDIs between 2011-2015

A study by EY places recession-battered Greece at the bottom of a relevant list — of Mediterranean countries in this case — in terms of attracting foreign investments (2011-2015), a…

PM Tsipras tours new 300 mln€ cigarette plant, tells workers he was skeptical of investment when first briefed

Alexis Tsipras’ first visit to large private sector enterprise as Greek prime minister yielded a tantalizing bit of news on Tuesday, as the latter told assembled workers at a new…

Mini political furor over govt’s back-and-forth on college entrance exams

A late summer political furor has erupted in Greece over a government proposal to change the way college entry in the country is achieved, with the relevant minister partially back-tracking…

Tuesday, 29 Αυγούστου 2017

German multinational P&I picks NW city of Ioannina for its Greece HQ

German multinational P&I (Personal & Informatik) AG on Tuesday announced that it will inaugurate its new subsidiary in Greece (P&I – Hellas Ltd.) in the northwest city of Ioannina on…

Memorandum-mandated target to reduce PPC’s market share by end of year appears fleeting

Greece’s independent power regulator, officially called the “Operator of Electricity Market”, this week announced that state-owned Public Power Corp.’s (PPC) market share rose by 0.22 percent last month, month-on-month, to…

Motor Oil reports 41% hike in H1 2017 turnover

Greek refinery and petrochemical conglomerate Motor Oil posted encouraging H1 2017 results this week, with the highlight being a major increase in turnover and improved profit margins. Turnover rose by…

Thessaloniki chamber president: Recent meeting between PM and local business leaders ‘disappointing’

The president of Thessaloniki’s professional chamber of commerce this week said a recent meeting between the area’s business leaders and chamber officials with Greek Prime Minister Alexis Tsipras was “disappointing”.…

Public order minister: Wilfires on Zakynthos part of ‘organized plan’

Greece’s relevant public order minister on Tuesday said he was “certain” a recent major wildfire on the Ionian island of Zakynthos was the result of an “organized plan by arsonists”.…

Well-known Greek children’s charity decries ‘unbearable’ property tax burden

Two of Greece’s best-known children’s charities have been hit with an expensive property tax bill for 2017, with the SOS Children’s Villages slapped with a 95,000-euro bill and the “Smile…

AirHelp: More flights over summer season at most Fraport-managed airports in Greece

Nine out of the 10 biggest regional airports in Greece now managed by a German-Greek consortium as of last March posted an increase in outgoing flights over the ongoing summer…

Top arbitration court orders Serbia to pay Mytilineos 40 mln$ in damages

The Hague-based Permanent Court of Arbitration has ruled in favor of the Mytilineos mining group in its dispute with the state of Serbia, a legal battle stemming from a defunct…

Deadline for expression of interest in state-owned military vehicle company expires without bid

No expressions of interest were submitted in a tender for the state-run Hellenic Vehicle Industry (ELVO), as a relevant deadline expired on Monday, according to the president of the union…

Monday, 28 Αυγούστου 2017

Greek ag minister promises to scrap unpopular wine tax by end of year

The relevant agriculture minister over the weekend promised wine producers that his leftist-rightist government will abolish an unpopular special levy on wine consumption by the end of the year, one…

Private sector bank deposits up for third consecutive month; still at 14-year low

Private sector bank deposits increased for a third consecutive month in June 2017, according to the Bank of Greece (BoG), with the total reaching 121.25 billion euros during that month,…

Public revenues authority wants stricter fines, penalties for bullying, assaults on tax inspectors

A recent spate of bullying and even assaults against tax inspectors in the recent period, especially on a handful of well-known islands, appears to have set in motion a plan…

Massive surge in tourist arrivals to Greece from Balkan neighbors since 2009

By L. Karageorgos [email protected] Tourist arrivals from Greece’s southeast European neighbors have posted a massive increase over the current economic recession in the country, according to figures collected by the…

Property tax notices in Greece electronically dispatched ; 3.153 bln€ budgeted for state coffers

Annual property tax payment notices were electronically sent to roughly seven million owners with at least one holding to their name in Greece over the weekend. The independent public revenue…

Friday, 25 Αυγούστου 2017

Greek banks reduce foreign presence by 64% since 2012; boost liquidity, capitals from sell-offs

By A. Doga [email protected] Greek systemic banks’ obligation to downsize or sell-off their overseas operations has dramatically decreased their relevant networks abroad by 64 percent, with the result, however, translating…

Guardian: European countries to begin repatriation of asylum seekers to Greece

European countries are expected to immediately resume the repatriation of third country asylum seekers back to Greece, in case the latter is the first EU country they entered, according to…

Hellas Gold workers’ reps pressure govt to issue licenses, continued cooperation with mining company

Representatives of workers employed by the Hellas Gold mining company met with the relevant environment and energy ministry general secretary on Thursday afternoon in Athens, part of efforts by the…

STR Global: Higher occupancy rates, ADR for Athens area hotels in July

By L. Karageorgos [email protected] Hotels in the greater Athens area reported positive results for July 2017, with the occupancy rate reaching 91.4 percent, up 1.9 percent from the corresponding month…