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Tuesday, 25 July 2017

Higher VAT remittances in H1 2017 boost revenue take

By T. Tsiros [email protected] VAT remittance targets for the first half of the year were mostly achieved on the back of the successful completion of a concession transferring the management…

Greek five-year bond expected to offer 4.625% yield

Greece will price its five-year benchmark bond issue with a 4.625-percent yield, according to numerous press reports in the afternoon.   The order book also exceeds 6.5 billion euros, including 156.8…

Reuters: IOIs for Greek 5-year euro bond above 5.5 bln€

Reuters put the interest rate for Greece’s five-year euro benchmark bond sale are at above 5.5 billion euros, citing its sources. According to the news agency, the figure includes orders…

Tsipras buoyant over Tuesday bond issue in welcoming Moscovici

Greek Prime Minister Alexis Tsipras referred to the successful, as he said, return of the bailout-dependent country to the capital markets on Tuesday with a same-day rollover five-year bond issue,…

Varoufakis to Tsipras govt over bond issue: Either apologize to previous govt or stop insulting celebrations

Yanis Varoufakis on Tuesday aimed squarely at the same-day first foray by the Greek state into the markets since 2014, headlining – on the Greek-language side – an online post…

Banks forecast Tuesday’s Greek bond issue yield at 4.875

The first estimates on Tuesday morning (Athens time) put a yield on the same-day five-year bond issue that Athens will float at 4.875 percent, according to banks acting as joint…

Monday, 24 July 2017

Minerva Marine choses RINA for MRV certification

Minerva Marine has chosen RINA, the Italian classification, certification, testing and inspection company, to certify its compliance with the EU’s Monitoring, Reporting, Verification (MRV) regulation. Minerva, a Greek-controlled company, manages…

Tender for concessions at port of Alexandroupolis in the autumn

By V. Vegiri [email protected] The management of the state-run Alexandroupolis Port Authority, a small but very strategic port in extreme northeast Greece, this week reported that an international tender to…

MoU between SE Europe natgas system operators, including DES.FA, for prospective vertical corridor

A MoU was signed in Bucharest last week between Greece’s natural gas transmission system operator (DES.FA) with its Bulgarian, Romanian and Hungarian counterparts – Bulgartransgaz, Transgaz and FGSZ, respectively –…

Schaeuble: Greek crisis his most dramatic moment in last four years; Greece now on a ‘good path’

Influential German Finance Minister Wolfgang Schaeuble calls the Greek crisis in the summer of 2015 the most dramatic crisis in the last four years of his tenure at the post.…

Varoufakis immediately, sharply replies to Tsipras’ criticism

An increasingly combative Yanis Varoufakis responded within hours on Monday to a high-profile interview of Greek PM Alexis Tsipras in the “Guardian”, using the same outlet’s electronic pages to disparage…

Greece issues invitation to tender for proposed 5-year bond

Greece’s first market exit after three years was announced on Monday by the coalition government in Athens, which announced an invitation to holders of outstanding bonds worth 4.75 percent, in…

High court president to Greek govt: Respect role of the independent judiciary; feud escalates

A simmering feud between the leftist-rightist coalition government and a high-profile segment of the country’s independent judiciary continued unabated on Monday, with the president of the Council of State (CoS)…

Govt begins licensing process for project expected to connect mainland Greece with Israeli, Cypriot power grids

The Greek government has commenced the licensing process for the EuroAsia Interconnector, after a complete project dossier was submitted. The project envisions the laying of an underwater power cable of…

Τsipras to Guardian: ‘I have made mistakes, big mistakes’; says he now has different picture two years on

Greece’s Alexis Tsipras this week offered a “mea culpa” over the his and his leftist-rightist coalition government’s failings since he rode to power in January 2015 on a populist wave…

First installment of income, corporate taxes this month; crucial for execution of 2017 Greek budget

By T. Tsiros The first serious “litmus test” that the 2017 budget is being successfully executed comes within the next few days, as a deadline for paying the first installment…

Sunday, 23 July 2017

Greece wins U20 men’s Euro basketball championship

Greece won the 2017 men’s U20 European Championship on Sunday evening in a packed arena in Irakleio, Crete, beating Israel 65-56  in the final. The Greek team had downed reigning champions…

SYRIZA sharply attacks Varoufakis over his published claims; opposition demands inquiry

The “bad blood” between Yianis Varoufakis and his former comrades in ruling SYRIZA party continues to boil over amid a steady stream of passages being published by local media from…

Friday, 21 July 2017

Body of missing 7-year-old Syrian boy discovered in the sea near refugee shelter

The body of a missing seven-year-old Syrian child was discovered in the waters off a coastal industrial district where a refugee shelter is located in extreme western Athens. An “Amber…

Varoufakis: Tsipras wanted to sack central banker Stournaras well before assuming power

Former Greek finance minister Yanis Varoufakis’ “tell-tale” book about his six-month tenure in office and the run-up to leftist SYRIZA’s landslide election victory continues to generate intense scrutiny by the…

IMF’s debt ceiling clips Athens’ chances for market exit before Aug. 2018

The scrutiny that fell this week on the IMF’s debt ceiling provision, and especially on the way it affects the Fund’s participation in the Greek program, belies the fact that…

S&P revises outlook on Greece to positive from stable

S&P extended a much-needed fillip towards the Greek government on Friday by revising its outlook to positive from stable, a day after the IMF extended a paltry “precautionary” line of…

Lagarde, Velculescu detail IMF position vis-a-vis latest Greek loan arrangement

IMF Managing Director Christine Lagarde explained the Fund’s “balancing act” on Thursday in agreeing to a conditional 1.6-billion-euro “precautionary stand-by arrangement” for bailout-dependent Greece, saying the program emphasizes implementation of…

Kos airport management reports says facility operating normally, safely; only minor delays cited

Fraport Greece on Friday morning assured that the airport on the quake-hit island of Kos is operating normally and safely for passengers and flights.    The German-Greek consortium, which manages…

Average sum owed to Greek state from income tax returns for fiscal 2016 at 1,400€

More than 2.5 million taxpayers in Greece are expected to receive income tax invoices showing additional taxes owed to the state, based on the number of electronic filings made so…

Two tourists, a Turk and a Swede, the victims of Kos earthquake

The two victims of a strong early-morning earthquake that struck the island of Kos were identified as two men, a Turkish national, 39, and a Swedish national, 22. Moreover, five…

Two deaths from earthquake-related damage on island of Kos

Two earthquake-related fatalities were reported on the island of Kos in the early morning hours of Friday, while several people were injured from the strong 6.4 on the Richter scale…

Strong earthquake shakes eastern Aegean, between island of Kos and SW Turkey

A pair of strong earthquakes measuring 6.4 and 5.1 on the Richter scale, respectively, were recorded in the early morning hours of Friday east of the Dodecanese island of Kos,…

IMF announces ‘precautionary’ stand-by agreement for Greece worth 1.6 bln€

The IMF announced a “precautionary” credit line for still bailout-dependent Greece on Thursday, with a Tweet on the Fund’s official account citing a “Stand-By Arrangement” worth 1.6 billion euros. The…

Thursday, 20 July 2017

IMF spox on Greece program, debt ceiling issue

An IMF spokesman on Thursday referred directly to a debt ceiling that the Fund calculates for still bailout-dependent Greece, in the wake of numerous press reports this past week claiming…