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Monday, 12 June 2017

Prospects of solving ‘name issue’ to jump-start fYRoM’s Euro-Atlantic rekindled

A change in leadership in the neighboring former Yugoslav Republic of Macedonia (fYRoM) this month has apparently rekindled interest in that country’s Euro-Atlantic prospects, and inevitably, in solving the nearly…

Le Maire in Athens; presents details of French plan to peg Greek GDP growth with debt relief

Visiting French Economy Minister Bruno Le Maire reportedly presented a “compromise solution” over the Greek debt issue in talks with the country’s top leadership in Athens on Monday. In statements…

One woman missing hours after strong quake hits Lesvos

Firefighters were searching for the resident of a partially damaged home in the village of Vrisa, on the island of Lesvos, on Monday afternoon in the wake of a strong…

Piraeus Port Authority (OLP) signs MoU with Shanghai port group, world’s biggest

The Cosco-managed Piraeus Port Authority (OLP) and Shanghai International Port Group, the world’s biggest commercial port, on Monday signed a MoU envisioning cooperation in infrastructure studies, personnel training, information exchange…

Strong earthquake, 6.1, SW of Lesvos shakes eastern Aegean

A strong earthquake measuring 6.1 on the Richter scale was recorded at 15.23 (13.28 GMT) some 37 kilometers southwest of the eastern Aegean island of Lesvos, across from the Asia…

Latest figures show private sector wages down 2% in Aug 2016, compared to same month in 2015

By S. Papapetros Social security funds on Monday reported a 2.07-percent reduction in private sector wages for August 2017, the last month for which figures have been released. The figure…

EZ scenario eyes greater bailout tranche, ‘tangible’ support for Athens

By T. Tsiros [email protected] Discussions are reportedly continuing at the top Eurogroup  echelons over what “offset” measures can be offered to the embattled Tsipras government over the coming months, given…

State will expropriate properties damaged in lignite complex landslide; 25 mln tons affected

The Greek government on Sunday announced that it would proceed with the obligatory expropriation of properties damaged in major landslide a day earlier at an open lignite pit in the…

Top German lawmaker: Emphasis on growth, not debt relief; Moscovici: Creditors must fulfil obligations

“A difficult balancing act” is the way a top one German lawmaker described Wolfgang Schaeuble’s task at the upcoming Eurogroup meeting, where Greek debt relief is expected to dominate the…

Sunday, 11 June 2017

State of emergency in N. Greece township after lignite mine landslide

A state of emergency was declared on Saturday in a northern Greece district after a massive landslide occurred at a lignite pit in the Amyntaio site, in Florina prefecture.  …

More red-tape cleared in path towards starting landmark Helleniko project; ‘forest’ ruling appealed

By T. Igoumenidi [email protected]   The massive real estate redevelopment project at the coastal Helleniko site moved a step forward this week with the submission, on the part of the…

Athens says 1,684 5-year residence permits issued in ‘Golden Visa’ program; total reaches one billion euros

Athens last week announced that a visa program linked with the purchase of real estate in the country exceeding 250,000 euros has already attracted roughly one billion euros to the…

Friday, 09 June 2017

Latest round of ‘prior actions’ passed by 153 MPs backing govt

The slim leftist-rightist coalition in Greece held firm on Friday during a vote for the latest – and probably last – round of “prior actions” demanded by creditors in order…

EIU continues to maintain forecast of 1.2% Greek GDP growth in 2017

The Economist Intelligence Unit this week stood by its forecast for Greek GDP growth of 1.2 percent in 2017, a week after the country’s statistics bureau announced that a revised…

Ombudsman’s office to probe report of illegal return of Turkish asylum seekers; denial of abortion procedure

Greece’s ombudsman will reportedly investigate claims that Greek authorities illegally returned Turkish nationals that recently sought international protection after fleeing from the neighboring country, as well as another high-profile incident…

Greek, UAE foreign ministers discuss Gulf developments in phone contact

Greek Foreign Minister Nikos Kotzias on Friday spoke by phone with his counterpart from the United Arab Emirates, Anwar Mohammed Gargash, with talks focusing directly on the latest developments in…

Pupil, 11, killed by stray bullet during school event in NW Athens

An 11-year-old elementary pupil was killed by stray bullet that struck him in the head during a school event in a northeast Athens district on Thursday evening, authorities said on…

Thessaloniki port authority CEO: Privatization to be completed in five months

Thessaloniki Port Authority (OL.Th) managing director Dimitris Makris on Thursday expressed optimism that the port’s privatization will be concluded within the next five months. Speaking during a press briefing to…

Govt tables measure to freeze pensions until 2022; latest package of ‘prior actions’ submitted

The latest and probably last round of “prior actions” demanded by creditors to conclude the long overdue second review of the Greek program was submitted to Parliament on Thursday, with…

Thursday, 08 June 2017

ECB lowers ELA cap for Greek banks by 1.1 bln euros

The European Central Bank on Thursday lowered its Emergency Liquidity Assistance (ELA) cap on the amount that Greek banks can draw from the Bank of Greece (BoG) by 1.1 billion…

Mitsotakis blasts proposed higher eduction changes as return to 1982

A controversial draft bill on higher education attracted shrill criticism by the opposition in Greece this week, as two of the “highlights” in the legislation essentially restore a blanket university…

Govt to bring another round of ‘prior actions’ to Parliament; hours after ‘non paper’ denial

A draft amendment will be tabled in Parliament on Friday morning that includes the remaining “prior actions” demanded by Greece’s creditors in order to finally conclude the utterly delayed second…

EWG’s Wieser: Almost certain deal at Eurogroup over review; IMF demands standing over Greek bailout

The head of the EuroWorking Group Thomas Wieser appeared absolutely confident over the prospects of a conclusion to the long-delayed review of the Greek program being achieved at the coming…

Athens presses for debt relief, now cites EU Summit on June 22; denies more prior actions pending

A return to the markets for Greece’s borrowing needs and a need to send international investors a “positive message” are the primary arguments now being circulated lined by the Greek…

Wednesday, 07 June 2017

Reuters: Govt sources say re-inclusion of Greek bonds in QE crucial for lowering borrow costs in potential return to market

A competing flurry of leaks and statements by nameless sources in Berlin and Athens, respectively, continued on Wednesday, with Reuters quoting Greek government sources as saying the country could return…

GEK Terna results for Q1 2017

The GEK Terna construction group on Wednesday announced quarterly consolidated sales of 262.4 million euros, down from 281.9 in the corresponding quarter of 2016. The group’s EBITDA reached 68.9 million…

Privatization fund announces e-auction sale/lease of real estate properties around Greece

Greece’s privatization fund (HRADF) on Wednesday announced an international tender for the commercial exploitation of a tract of land in northern Corfu, the well-known Ionian island destination. The property is…

Tsipras receives former US VP Joe Biden

Greek Prime Minister Alexis Tsipras on Wednesday received former US vice-president Joe Biden at the Maximos Mansion government house. Regional developments, the Cyprus issue, energy matters and bilateral Greek-US economic…

Shipping, oil tycoon Vardinogiannis: Motor Oil group steers clear of politics in country

By G. Kanoupakis [email protected] Motor Oil president Vardis Vardinogiannis, one of Greece’s most influential industrial and business leaders, on Thursday reiterated during a group shareholders’ meeting that the refinery and…

OECD revises Greek GDP growth forecast downwards; 1.1% for 2017, 2.5% for 2018

The Organisation for Economic Co-operation and Development (OECD) on Wednesday was the latest international institution to lower its annual growth forecast for crisis-battered Greece, putting the figure for the current…